Can I retire at age 55 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$74,486$73,823$73,176$72,544$71,927$69,100
2 years$36,874$36,188$35,522$34,877$34,251$31,438
3 years$24,339$23,649$22,985$22,346$21,730$19,019
4 years$18,072$17,385$16,727$16,099$15,498$12,910
5 years$14,313$13,630$12,981$12,366$11,781$9,322
6 years$11,808$11,130$10,491$9,889$9,322$6,994
7 years$10,019$9,347$8,718$8,130$7,581$5,383
8 years$8,678$8,012$7,393$6,820$6,290$4,219
9 years$7,636$6,976$6,368$5,809$5,297$3,351
10 years$6,803$6,149$5,552$5,008$4,513$2,688
11 years$6,121$5,474$4,888$4,358$3,881$2,173
12 years$5,554$4,913$4,338$3,823$3,364$1,768
13 years$5,074$4,440$3,875$3,375$2,933$1,445
14 years$4,663$4,036$3,482$2,996$2,571$1,185
15 years$4,307$3,687$3,144$2,672$2,264$975
16 years$3,996$3,383$2,850$2,392$2,001$805
17 years$3,722$3,115$2,594$2,149$1,774$665
18 years$3,479$2,879$2,368$1,937$1,577$551
19 years$3,261$2,668$2,168$1,750$1,406$457
20 years$3,066$2,479$1,989$1,585$1,256$379
21 years$2,889$2,309$1,830$1,439$1,124$315
22 years$2,729$2,156$1,686$1,308$1,007$262
23 years$2,582$2,016$1,557$1,191$904$218
24 years$2,448$1,889$1,440$1,087$813$182
25 years$2,325$1,773$1,334$992$731$151
26 years$2,212$1,666$1,237$907$659$126
27 years$2,107$1,568$1,149$830$594$105
28 years$2,010$1,477$1,068$761$536$88
29 years$1,920$1,394$994$698$484$73
30 years$1,836$1,316$926$640$437$61
31 years$1,758$1,244$863$588$395$51
32 years$1,684$1,177$805$541$358$42
33 years$1,615$1,115$752$497$324$35
34 years$1,551$1,057$702$457$293$29
35 years$1,490$1,002$657$421$265$25
36 years$1,433$951$614$388$240$21
37 years$1,379$904$575$357$218$17
38 years$1,327$859$538$329$198$14
39 years$1,279$817$504$304$179$12
40 years$1,233$777$473$280$163$10
41 years$1,190$740$443$258$147$8
42 years$1,148$704$416$238$134$7
43 years$1,109$671$390$220$121$6
44 years$1,072$640$366$203$110$5
45 years$1,036$610$344$188$100$4
46 years$1,002$582$323$173$91$3
47 years$970$555$304$160$82$3
48 years$939$530$285$148$75$2
49 years$909$506$268$137$68$2
50 years$881$484$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $902,000, adding $5,084 every year, while hoping to spend $58,394 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: 67/18/15 Blend
54$902,000$902,000$902,000$902,000
55$999,248$951,442$937,461$1,062,335
56$1,039,041$935,932$906,735$1,089,561
57$1,080,935$917,705$873,023$1,111,986
58$1,125,084$896,566$836,163$1,135,043
59$1,171,653$872,308$795,985$1,158,789
60$1,220,825$844,715$752,314$1,183,291
61$1,272,796$813,553$704,964$1,208,621
62$1,327,784$778,579$653,742$1,234,864
63$1,386,022$739,534$598,447$1,262,113
64$1,447,769$696,144$538,868$1,290,474
65$1,513,307$648,120$474,785$1,320,067
66$1,582,941$595,155$405,967$1,351,024
67$1,657,010$536,927$332,176$1,383,497
68$1,735,881$473,092$253,160$1,417,654
69$1,819,957$403,290$168,657$1,453,684
70$1,909,680$327,138$78,394$1,491,799
71$2,005,534$244,234$0$1,532,236
72$2,108,048$154,151$0$1,578,129
73$2,217,804$56,440$0$1,640,483
74$2,335,439$0$0$1,707,116
75$2,461,653$0$0$1,788,230
76$2,597,212$0$0$1,887,396
77$2,742,959$0$0$1,994,055
78$2,899,819$0$0$2,108,889
79$3,068,807$0$0$2,232,646
80$3,251,037$0$0$2,366,149
81$3,447,735$0$0$2,510,300
82$3,660,246$0$0$2,666,094
83$3,890,050$0$0$2,834,621
84$4,138,773$0$0$3,017,079
85$4,408,201$0$0$3,214,789
86$4,700,300$0$0$3,429,198
87$5,017,231$0$0$3,661,903
88$5,361,370$0$0$3,914,655
89$5,735,331$0$0$4,189,384
90$6,141,990$0$0$4,488,211
91$6,584,510$0$0$4,813,472
92$7,066,373$0$0$5,167,734
93$7,591,408$0$0$5,553,824
94$8,163,831$0$0$5,974,854
95$8,788,282$0$0$6,434,246
96$9,469,866$0$0$6,935,771
97$10,214,205$0$0$7,483,575
98$11,027,486$0$0$8,082,227
99$11,916,522$0$0$8,736,754
100$12,888,813$0$0$9,452,692