Can I retire at age 55 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$74,569$73,905$73,257$72,624$72,006$70,351
2 years$36,915$36,228$35,561$34,915$34,289$32,631
3 years$24,366$23,675$23,011$22,371$21,754$20,145
4 years$18,092$17,404$16,746$16,117$15,515$13,967
5 years$14,329$13,645$12,995$12,379$11,794$10,311
6 years$11,821$11,142$10,502$9,900$9,333$7,916
7 years$10,030$9,357$8,727$8,139$7,590$6,240
8 years$8,688$8,021$7,402$6,828$6,297$5,013
9 years$7,644$6,983$6,375$5,816$5,303$4,085
10 years$6,810$6,156$5,558$5,013$4,518$3,365
11 years$6,128$5,480$4,893$4,363$3,886$2,795
12 years$5,560$4,919$4,342$3,827$3,367$2,338
13 years$5,080$4,445$3,880$3,379$2,936$1,966
14 years$4,668$4,040$3,486$2,999$2,574$1,660
15 years$4,312$3,691$3,147$2,675$2,266$1,407
16 years$4,001$3,386$2,854$2,395$2,003$1,197
17 years$3,726$3,119$2,597$2,152$1,776$1,020
18 years$3,483$2,882$2,370$1,939$1,579$872
19 years$3,265$2,671$2,170$1,752$1,408$746
20 years$3,069$2,482$1,991$1,587$1,257$639
21 years$2,892$2,312$1,832$1,440$1,125$549
22 years$2,732$2,158$1,688$1,310$1,008$472
23 years$2,585$2,018$1,559$1,193$905$406
24 years$2,451$1,891$1,442$1,088$814$349
25 years$2,328$1,775$1,335$993$732$301
26 years$2,215$1,668$1,238$908$660$259
27 years$2,110$1,570$1,150$831$595$224
28 years$2,013$1,479$1,069$762$537$193
29 years$1,922$1,395$995$699$484$166
30 years$1,838$1,318$927$641$438$144
31 years$1,760$1,246$864$589$396$124
32 years$1,686$1,179$806$541$358$107
33 years$1,617$1,116$753$498$324$93
34 years$1,552$1,058$703$458$293$80
35 years$1,492$1,003$657$421$266$69
36 years$1,434$952$615$388$241$60
37 years$1,380$905$576$358$218$52
38 years$1,329$860$539$330$198$45
39 years$1,280$817$505$304$179$39
40 years$1,235$778$473$280$163$33
41 years$1,191$740$444$259$148$29
42 years$1,150$705$416$239$134$25
43 years$1,110$672$391$220$122$22
44 years$1,073$640$367$203$110$19
45 years$1,037$611$344$188$100$16
46 years$1,003$583$323$174$91$14
47 years$971$556$304$160$83$12
48 years$940$531$286$148$75$10
49 years$910$507$268$137$68$9
50 years$882$484$252$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $903,000, adding $4,366 every year, while hoping to spend $36,594 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: 53/17/30 Blend
54$903,000$903,000$903,000$903,000
55$999,610$951,751$937,754$1,043,982
56$1,062,634$959,451$930,233$1,082,980
57$1,130,860$966,301$921,234$1,121,349
58$1,204,781$972,223$910,668$1,162,394
59$1,284,936$977,130$898,443$1,206,389
60$1,371,921$980,931$884,462$1,253,634
61$1,466,391$983,529$868,625$1,304,464
62$1,569,063$984,823$850,825$1,359,246
63$1,680,732$984,703$830,951$1,418,391
64$1,802,266$983,054$808,888$1,482,350
65$1,934,625$979,751$784,513$1,551,623
66$2,078,863$974,665$757,701$1,626,764
67$2,236,142$967,658$728,318$1,708,386
68$2,407,737$958,582$696,226$1,797,164
69$2,595,056$947,283$661,279$1,893,848
70$2,799,645$933,593$623,326$1,999,265
71$3,023,210$917,340$582,208$2,114,330
72$3,267,625$898,338$537,760$2,240,055
73$3,534,956$876,389$489,808$2,377,557
74$3,827,477$851,288$438,172$2,528,071
75$4,147,691$822,813$382,663$2,692,962
76$4,498,357$790,731$323,083$2,873,738
77$4,882,510$754,798$259,226$3,072,065
78$5,303,494$714,751$190,878$3,289,782
79$5,764,991$670,315$117,814$3,528,922
80$6,271,059$621,199$39,799$3,791,730
81$6,826,164$567,094$0$4,080,684
82$7,435,226$507,675$0$4,412,431
83$8,103,666$442,598$0$4,790,582
84$8,837,452$371,499$0$5,205,805
85$9,643,163$293,992$0$5,661,872
86$10,528,041$209,673$0$6,162,941
87$11,500,067$118,113$0$6,713,595
88$12,568,031$18,858$0$7,318,888
89$13,741,619$0$0$7,984,390
90$15,031,501$0$0$8,732,811
91$16,449,429$0$0$9,559,502
92$18,008,355$0$0$10,468,498
93$19,722,545$0$0$11,468,129
94$21,607,719$0$0$12,567,577
95$23,681,194$0$0$13,776,954
96$25,962,054$0$0$15,107,402
97$28,471,320$0$0$16,571,201
98$31,232,157$0$0$18,181,876
99$34,270,088$0$0$19,954,333
100$37,613,234$0$0$21,904,995