Can I retire at age 55 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,734$74,068$73,419$72,785$72,166$71,651
2 years$36,997$36,308$35,640$34,993$34,365$33,846
3 years$24,420$23,728$23,062$22,420$21,802$21,295
4 years$18,132$17,442$16,783$16,152$15,550$15,058
5 years$14,361$13,675$13,024$12,407$11,821$11,346
6 years$11,847$11,167$10,526$9,922$9,353$8,896
7 years$10,053$9,378$8,747$8,157$7,607$7,168
8 years$8,707$8,038$7,418$6,843$6,310$5,890
9 years$7,661$6,999$6,389$5,829$5,314$4,911
10 years$6,825$6,169$5,570$5,024$4,528$4,143
11 years$6,141$5,492$4,904$4,373$3,894$3,526
12 years$5,572$4,929$4,352$3,835$3,375$3,024
13 years$5,091$4,455$3,888$3,386$2,943$2,608
14 years$4,678$4,049$3,494$3,006$2,580$2,261
15 years$4,322$3,699$3,154$2,681$2,271$1,969
16 years$4,009$3,394$2,860$2,400$2,007$1,720
17 years$3,734$3,126$2,602$2,157$1,780$1,508
18 years$3,490$2,888$2,376$1,944$1,583$1,325
19 years$3,272$2,677$2,175$1,756$1,411$1,167
20 years$3,076$2,487$1,996$1,591$1,260$1,030
21 years$2,899$2,317$1,836$1,443$1,128$910
22 years$2,738$2,163$1,692$1,312$1,011$806
23 years$2,591$2,023$1,562$1,195$907$714
24 years$2,457$1,895$1,445$1,090$815$634
25 years$2,333$1,779$1,338$996$734$563
26 years$2,220$1,672$1,241$910$661$500
27 years$2,114$1,573$1,152$833$596$445
28 years$2,017$1,482$1,071$763$538$396
29 years$1,927$1,398$997$700$486$353
30 years$1,842$1,321$929$643$439$315
31 years$1,763$1,248$866$590$397$281
32 years$1,690$1,181$808$542$359$250
33 years$1,621$1,119$754$499$325$223
34 years$1,556$1,060$705$459$294$199
35 years$1,495$1,006$659$422$266$178
36 years$1,437$955$616$389$241$159
37 years$1,383$907$577$358$219$142
38 years$1,332$862$540$330$198$127
39 years$1,283$819$506$305$180$114
40 years$1,237$779$474$281$163$102
41 years$1,194$742$445$259$148$91
42 years$1,152$707$417$239$134$81
43 years$1,113$673$392$221$122$73
44 years$1,075$642$368$204$111$65
45 years$1,040$612$345$188$100$58
46 years$1,005$584$324$174$91$52
47 years$973$557$305$161$83$46
48 years$942$532$286$149$75$42
49 years$912$508$269$137$68$37
50 years$884$485$253$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $905,000, adding $2,661 every year, while hoping to spend $57,870 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: 32/41/27 Blend
54$905,000$905,000$905,000$905,000
55$1,000,055$952,090$938,062$1,023,736
56$1,040,487$937,169$907,914$1,027,137
57$1,083,104$919,577$874,817$1,025,484
58$1,128,067$899,123$838,609$1,022,562
59$1,175,553$875,603$799,126$1,018,302
60$1,225,754$848,802$756,191$1,012,628
61$1,278,879$818,492$709,622$1,005,467
62$1,335,158$784,431$659,227$996,742
63$1,394,842$746,366$604,809$986,376
64$1,458,203$704,025$546,157$974,292
65$1,525,541$657,124$483,055$960,412
66$1,597,184$605,361$415,276$944,658
67$1,673,490$548,417$342,580$926,954
68$1,754,851$485,954$264,721$907,222
69$1,841,696$417,616$181,440$885,391
70$1,934,497$343,028$92,467$861,388
71$2,033,770$261,790$0$835,146
72$2,140,080$173,483$0$807,318
73$2,254,048$77,663$0$805,604
74$2,376,354$0$0$803,376
75$2,507,746$0$0$812,477
76$2,649,044$0$0$860,041
77$2,801,148$0$0$911,344
78$2,965,046$0$0$966,733
79$3,141,824$0$0$1,026,588
80$3,332,676$0$0$1,091,328
81$3,538,912$0$0$1,161,411
82$3,761,972$0$0$1,237,345
83$4,003,440$0$0$1,319,684
84$4,265,057$0$0$1,409,040
85$4,548,737$0$0$1,506,085
86$4,856,584$0$0$1,611,558
87$5,190,914$0$0$1,726,272
88$5,554,273$0$0$1,851,123
89$5,949,462$0$0$1,987,095
90$6,379,562$0$0$2,135,272
91$6,847,966$0$0$2,296,845
92$7,358,403$0$0$2,473,128
93$7,914,982$0$0$2,665,565
94$8,522,221$0$0$2,875,747
95$9,185,096$0$0$3,105,423
96$9,909,083$0$0$3,356,521
97$10,700,211$0$0$3,631,163
98$11,565,116$0$0$3,931,685
99$12,511,106$0$0$4,260,660
100$13,546,227$0$0$4,620,920