Can I retire at age 55 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$74,651$73,987$73,338$72,705$72,086$69,807
2 years$36,956$36,268$35,601$34,954$34,327$32,051
3 years$24,393$23,701$23,036$22,395$21,778$19,577
4 years$18,112$17,423$16,764$16,135$15,532$13,423
5 years$14,345$13,660$13,010$12,393$11,808$9,796
6 years$11,834$11,154$10,514$9,911$9,343$7,431
7 years$10,042$9,367$8,737$8,148$7,598$5,785
8 years$8,698$8,030$7,410$6,835$6,304$4,588
9 years$7,653$6,991$6,382$5,822$5,308$3,689
10 years$6,818$6,162$5,564$5,019$4,523$2,997
11 years$6,135$5,486$4,898$4,368$3,890$2,455
12 years$5,566$4,924$4,347$3,831$3,371$2,023
13 years$5,085$4,450$3,884$3,382$2,940$1,676
14 years$4,673$4,045$3,490$3,002$2,577$1,395
15 years$4,317$3,695$3,151$2,678$2,269$1,164
16 years$4,005$3,390$2,857$2,398$2,005$975
17 years$3,730$3,122$2,599$2,154$1,778$818
18 years$3,486$2,885$2,373$1,941$1,581$687
19 years$3,268$2,674$2,172$1,754$1,409$579
20 years$3,072$2,485$1,994$1,589$1,259$488
21 years$2,895$2,314$1,834$1,442$1,126$412
22 years$2,735$2,160$1,690$1,311$1,010$348
23 years$2,588$2,021$1,561$1,194$906$294
24 years$2,454$1,893$1,443$1,089$815$249
25 years$2,331$1,777$1,337$995$733$210
26 years$2,217$1,670$1,240$909$660$178
27 years$2,112$1,571$1,151$832$595$151
28 years$2,015$1,481$1,070$763$537$128
29 years$1,924$1,397$996$699$485$108
30 years$1,840$1,319$928$642$438$92
31 years$1,762$1,247$865$589$396$78
32 years$1,688$1,180$807$542$358$66
33 years$1,619$1,117$753$498$324$56
34 years$1,554$1,059$704$458$294$48
35 years$1,493$1,005$658$422$266$40
36 years$1,436$953$616$389$241$34
37 years$1,382$906$576$358$218$29
38 years$1,330$861$540$330$198$25
39 years$1,282$818$506$304$180$21
40 years$1,236$779$474$281$163$18
41 years$1,192$741$444$259$148$15
42 years$1,151$706$417$239$134$13
43 years$1,112$673$391$221$122$11
44 years$1,074$641$367$204$110$9
45 years$1,038$611$345$188$100$8
46 years$1,004$583$324$174$91$7
47 years$972$557$304$161$83$6
48 years$941$531$286$148$75$5
49 years$911$507$269$137$68$4
50 years$883$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $904,000, adding $6,287 every year, while hoping to spend $31,937 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: 79/9/12 Blend
54$904,000$904,000$904,000$904,000
55$1,002,693$954,781$940,769$1,079,162
56$1,070,987$967,585$938,304$1,143,123
57$1,145,177$979,945$934,686$1,208,524
58$1,225,829$991,807$929,843$1,279,356
59$1,313,570$1,003,112$923,699$1,356,148
60$1,409,085$1,013,795$916,174$1,439,482
61$1,513,131$1,023,791$907,185$1,529,999
62$1,626,540$1,033,026$896,645$1,628,406
63$1,750,227$1,041,424$884,463$1,735,483
64$1,885,200$1,048,904$870,542$1,852,086
65$2,032,569$1,055,379$854,784$1,979,161
66$2,193,555$1,060,756$837,082$2,117,750
67$2,369,501$1,064,936$817,328$2,269,000
68$2,561,888$1,067,816$795,407$2,434,176
69$2,772,346$1,069,284$771,198$2,614,671
70$3,002,668$1,069,223$744,576$2,812,020
71$3,254,831$1,067,505$715,411$3,027,916
72$3,531,010$1,063,999$683,563$3,264,223
73$3,833,602$1,058,564$648,891$3,522,996
74$4,165,244$1,051,048$611,243$3,806,500
75$4,528,843$1,041,293$570,464$4,117,230
76$4,927,599$1,029,131$526,389$4,457,937
77$5,365,039$1,014,383$478,847$4,831,651
78$5,845,044$996,859$427,660$5,241,714
79$6,371,891$976,358$372,640$5,691,807
80$6,950,293$952,669$313,592$6,185,987
81$7,585,439$925,565$250,314$6,728,726
82$8,283,046$894,810$182,591$7,324,952
83$9,049,410$860,150$110,202$7,980,097
84$9,891,471$821,318$32,915$8,700,148
85$10,816,872$778,033$0$9,491,701
86$11,834,032$729,996$0$10,368,374
87$12,952,229$676,891$0$11,336,745
88$14,181,682$618,384$0$12,401,460
89$15,533,651$554,123$0$13,572,290
90$17,020,543$483,734$0$14,859,998
91$18,656,024$406,824$0$16,276,448
92$20,455,156$322,976$0$17,834,709
93$22,434,530$231,749$0$19,549,185
94$24,612,428$132,681$0$21,435,748
95$27,008,994$25,280$0$23,511,889
96$29,646,421$0$0$25,796,879
97$32,549,165$0$0$28,320,967
98$35,744,171$0$0$31,101,982
99$39,261,130$0$0$34,163,266
100$43,132,757$0$0$37,533,301