Can I retire at age 55 with 901,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$74,404$73,741$73,094$72,463$71,847$70,082
2 years$36,834$36,148$35,483$34,838$34,213$32,445
3 years$24,312$23,623$22,960$22,321$21,706$19,991
4 years$18,052$17,365$16,709$16,081$15,481$13,832
5 years$14,297$13,615$12,967$12,352$11,768$10,191
6 years$11,795$11,117$10,479$9,878$9,312$7,806
7 years$10,008$9,336$8,708$8,121$7,573$6,140
8 years$8,669$8,003$7,385$6,813$6,283$4,921
9 years$7,628$6,968$6,361$5,803$5,291$4,000
10 years$6,795$6,142$5,546$5,002$4,508$3,287
11 years$6,114$5,468$4,882$4,353$3,877$2,723
12 years$5,548$4,908$4,333$3,818$3,360$2,272
13 years$5,068$4,435$3,871$3,371$2,930$1,905
14 years$4,658$4,031$3,478$2,993$2,568$1,605
15 years$4,302$3,683$3,140$2,669$2,261$1,357
16 years$3,992$3,379$2,847$2,390$1,999$1,150
17 years$3,718$3,112$2,591$2,147$1,772$978
18 years$3,475$2,875$2,365$1,935$1,576$833
19 years$3,258$2,665$2,165$1,748$1,404$711
20 years$3,062$2,476$1,987$1,583$1,254$607
21 years$2,886$2,307$1,828$1,437$1,123$520
22 years$2,726$2,153$1,685$1,307$1,006$445
23 years$2,579$2,014$1,555$1,190$903$382
24 years$2,446$1,887$1,438$1,085$812$328
25 years$2,323$1,771$1,332$991$731$281
26 years$2,210$1,664$1,236$906$658$242
27 years$2,105$1,566$1,147$830$593$208
28 years$2,008$1,476$1,067$760$535$179
29 years$1,918$1,392$993$697$483$154
30 years$1,834$1,315$925$640$437$132
31 years$1,756$1,243$862$587$395$114
32 years$1,682$1,176$804$540$357$98
33 years$1,614$1,114$751$496$323$84
34 years$1,549$1,056$702$457$293$73
35 years$1,488$1,001$656$421$265$63
36 years$1,431$950$614$387$240$54
37 years$1,377$903$574$357$218$46
38 years$1,326$858$538$329$197$40
39 years$1,278$816$504$303$179$34
40 years$1,232$776$472$280$162$30
41 years$1,188$739$443$258$147$26
42 years$1,147$704$415$238$134$22
43 years$1,108$670$390$220$121$19
44 years$1,071$639$366$203$110$16
45 years$1,035$609$344$187$100$14
46 years$1,001$581$323$173$91$12
47 years$969$555$303$160$82$10
48 years$938$530$285$148$75$9
49 years$908$506$268$137$68$8
50 years$880$483$252$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $901,000, adding $5,511 every year, while hoping to spend $34,008 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/20/8 Blend
54$901,000$901,000$901,000$901,000
55$998,587$950,834$936,868$1,068,775
56$1,064,258$961,240$932,069$1,126,266
57$1,135,488$971,017$925,969$1,184,427
58$1,212,809$980,097$918,489$1,247,164
59$1,296,802$988,409$909,546$1,314,917
60$1,388,113$995,878$899,053$1,388,173
61$1,487,447$1,002,422$886,917$1,467,469
62$1,595,581$1,007,956$873,044$1,553,395
63$1,713,373$1,012,388$857,333$1,646,605
64$1,841,763$1,015,621$839,680$1,747,815
65$1,981,788$1,017,552$819,975$1,857,818
66$2,134,589$1,018,071$798,102$1,977,486
67$2,301,422$1,017,060$773,943$2,107,782
68$2,483,668$1,014,397$747,371$2,249,765
69$2,682,849$1,009,950$718,256$2,404,606
70$2,900,641$1,003,579$686,459$2,573,592
71$3,138,889$995,137$651,837$2,758,144
72$3,399,623$984,466$614,241$2,959,829
73$3,685,079$971,399$573,513$3,180,374
74$3,997,721$955,762$529,489$3,421,682
75$4,340,260$937,366$481,999$3,685,852
76$4,715,684$916,014$430,863$3,975,197
77$5,127,282$891,496$375,895$4,292,268
78$5,578,676$863,591$316,899$4,639,878
79$6,073,857$832,064$253,672$5,021,127
80$6,617,221$796,665$186,000$5,439,432
81$7,213,609$757,133$113,662$5,898,561
82$7,868,353$713,189$36,426$6,402,668
83$8,587,329$664,539$0$6,956,334
84$9,377,007$610,871$0$7,568,532
85$10,244,515$551,858$0$8,244,476
86$11,197,708$487,151$0$8,987,211
87$12,245,236$416,383$0$9,803,524
88$13,396,631$339,167$0$10,700,896
89$14,662,393$255,092$0$11,687,573
90$16,054,091$163,725$0$12,772,644
91$17,584,470$64,610$0$13,966,124
92$19,267,574$0$0$15,279,055
93$21,118,872$0$0$16,733,011
94$23,155,413$0$0$18,348,142
95$25,395,976$0$0$20,125,130
96$27,861,257$0$0$22,080,393
97$30,574,055$0$0$24,232,022
98$33,559,493$0$0$26,599,948
99$36,845,254$0$0$29,206,136
100$40,461,836$0$0$32,074,783