Can I retire at age 55 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,064$74,396$73,743$73,107$72,485$71,550
2 years$37,161$36,468$35,798$35,147$34,517$33,576
3 years$24,528$23,833$23,164$22,519$21,899$20,981
4 years$18,212$17,519$16,857$16,224$15,618$14,732
5 years$14,424$13,735$13,082$12,462$11,873$11,019
6 years$11,900$11,216$10,572$9,966$9,395$8,575
7 years$10,097$9,419$8,785$8,193$7,640$6,856
8 years$8,746$8,074$7,451$6,873$6,338$5,588
9 years$7,695$7,030$6,417$5,854$5,338$4,622
10 years$6,855$6,196$5,595$5,047$4,548$3,866
11 years$6,169$5,516$4,926$4,392$3,912$3,262
12 years$5,597$4,951$4,371$3,852$3,390$2,772
13 years$5,113$4,474$3,905$3,401$2,956$2,370
14 years$4,699$4,067$3,509$3,019$2,591$2,036
15 years$4,341$3,715$3,168$2,692$2,281$1,756
16 years$4,027$3,409$2,872$2,411$2,016$1,520
17 years$3,751$3,139$2,614$2,166$1,788$1,319
18 years$3,506$2,901$2,386$1,952$1,590$1,147
19 years$3,286$2,689$2,184$1,764$1,417$1,000
20 years$3,089$2,498$2,005$1,598$1,266$874
21 years$2,911$2,327$1,844$1,450$1,133$764
22 years$2,750$2,172$1,699$1,318$1,015$669
23 years$2,602$2,032$1,569$1,201$911$587
24 years$2,467$1,904$1,451$1,095$819$515
25 years$2,344$1,786$1,344$1,000$737$453
26 years$2,229$1,679$1,247$914$664$398
27 years$2,124$1,580$1,158$837$599$350
28 years$2,026$1,489$1,076$767$540$308
29 years$1,935$1,405$1,001$703$488$272
30 years$1,850$1,326$933$645$441$239
31 years$1,771$1,254$870$593$398$211
32 years$1,697$1,187$811$545$360$186
33 years$1,628$1,124$758$501$326$164
34 years$1,563$1,065$708$461$295$145
35 years$1,501$1,010$662$424$267$128
36 years$1,444$959$619$391$242$113
37 years$1,389$911$579$360$220$100
38 years$1,338$865$543$332$199$88
39 years$1,289$823$508$306$181$78
40 years$1,243$783$476$282$164$69
41 years$1,199$745$447$260$149$61
42 years$1,157$710$419$240$135$54
43 years$1,118$676$393$222$122$47
44 years$1,080$645$369$205$111$42
45 years$1,044$615$347$189$101$37
46 years$1,010$586$326$175$92$33
47 years$977$560$306$161$83$29
48 years$946$534$287$149$75$26
49 years$916$510$270$138$69$23
50 years$888$487$254$127$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $909,000, adding $6,884 every year, while hoping to spend $27,018 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: 45/27/28 Blend
54$909,000$909,000$909,000$909,000
55$1,008,819$960,642$946,552$1,045,783
56$1,082,971$978,966$949,515$1,091,058
57$1,163,782$997,283$951,671$1,137,006
58$1,251,901$1,015,564$952,966$1,186,321
59$1,348,045$1,033,776$953,340$1,239,331
60$1,453,002$1,051,887$952,733$1,296,401
61$1,567,639$1,069,861$951,081$1,357,933
62$1,692,912$1,087,658$948,315$1,424,368
63$1,829,872$1,105,236$944,367$1,496,197
64$1,979,677$1,122,550$939,161$1,573,960
65$2,143,601$1,139,552$932,620$1,658,252
66$2,323,049$1,156,191$924,663$1,749,732
67$2,519,565$1,172,409$915,205$1,849,126
68$2,734,852$1,188,149$904,156$1,957,235
69$2,970,785$1,203,346$891,423$2,074,944
70$3,229,428$1,217,933$876,908$2,203,228
71$3,513,054$1,231,837$860,510$2,343,167
72$3,824,169$1,244,980$842,120$2,495,948
73$4,165,529$1,257,279$821,626$2,662,884
74$4,540,175$1,268,647$798,912$2,845,423
75$4,951,451$1,278,990$773,854$3,045,161
76$5,403,046$1,288,207$746,325$3,263,863
77$5,899,019$1,296,191$716,190$3,503,472
78$6,443,845$1,302,831$683,308$3,766,136
79$7,042,452$1,308,004$647,533$4,054,220
80$7,700,268$1,311,582$608,712$4,370,337
81$8,423,276$1,313,430$566,684$4,717,369
82$9,218,064$1,313,402$521,281$5,098,492
83$10,091,892$1,311,345$472,330$5,517,214
84$11,052,759$1,307,094$419,647$5,977,402
85$12,109,476$1,300,478$363,041$6,483,322
86$13,271,753$1,291,311$302,313$7,039,677
87$14,550,285$1,279,399$237,254$7,651,658
88$15,956,860$1,264,535$167,648$8,324,988
89$17,504,462$1,246,500$93,266$9,065,979
90$19,207,400$1,225,061$13,873$9,881,591
91$21,081,438$1,199,972$0$10,779,503
92$23,143,947$1,170,973$0$11,789,346
93$25,414,066$1,137,787$0$12,905,088
94$27,912,884$1,100,122$0$14,132,954
95$30,663,639$1,057,669$0$15,484,380
96$33,691,936$1,010,101$0$16,971,969
97$37,025,989$957,071$0$18,609,614
98$40,696,885$898,213$0$20,412,628
99$44,738,881$833,139$0$22,397,888
100$49,189,725$761,441$0$24,583,995