Can I retire at age 55 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$75,230$74,559$73,906$73,268$72,644$70,602
2 years$37,242$36,549$35,877$35,225$34,593$32,551
3 years$24,582$23,885$23,214$22,569$21,947$19,969
4 years$18,252$17,558$16,894$16,260$15,653$13,754
5 years$14,456$13,766$13,111$12,489$11,899$10,085
6 years$11,926$11,241$10,595$9,987$9,415$7,688
7 years$10,119$9,440$8,805$8,211$7,657$6,016
8 years$8,765$8,092$7,467$6,888$6,352$4,797
9 years$7,712$7,045$6,431$5,867$5,350$3,878
10 years$6,870$6,210$5,607$5,058$4,558$3,168
11 years$6,182$5,529$4,936$4,402$3,920$2,610
12 years$5,609$4,962$4,381$3,861$3,397$2,164
13 years$5,125$4,484$3,914$3,409$2,962$1,804
14 years$4,710$4,076$3,517$3,026$2,597$1,510
15 years$4,350$3,724$3,175$2,698$2,286$1,269
16 years$4,036$3,416$2,879$2,416$2,021$1,069
17 years$3,759$3,146$2,620$2,171$1,792$903
18 years$3,513$2,907$2,391$1,956$1,593$764
19 years$3,294$2,694$2,189$1,768$1,420$647
20 years$3,096$2,504$2,009$1,601$1,268$550
21 years$2,918$2,332$1,848$1,453$1,135$467
22 years$2,756$2,177$1,703$1,321$1,017$397
23 years$2,608$2,036$1,573$1,203$913$338
24 years$2,473$1,908$1,454$1,097$821$288
25 years$2,349$1,790$1,347$1,002$739$246
26 years$2,234$1,683$1,249$916$665$209
27 years$2,128$1,584$1,160$839$600$179
28 years$2,030$1,492$1,078$768$541$153
29 years$1,939$1,408$1,004$705$489$130
30 years$1,854$1,329$935$647$442$111
31 years$1,775$1,257$872$594$399$95
32 years$1,701$1,189$813$546$361$81
33 years$1,631$1,126$759$502$327$69
34 years$1,566$1,067$709$462$296$59
35 years$1,505$1,012$663$425$268$51
36 years$1,447$961$620$392$243$43
37 years$1,392$913$581$361$220$37
38 years$1,341$867$544$333$200$32
39 years$1,292$825$509$307$181$27
40 years$1,245$785$478$283$164$23
41 years$1,202$747$448$261$149$20
42 years$1,160$711$420$241$135$17
43 years$1,120$678$394$222$123$14
44 years$1,082$646$370$205$111$12
45 years$1,046$616$347$190$101$11
46 years$1,012$588$326$175$92$9
47 years$979$561$307$162$83$8
48 years$948$535$288$149$76$7
49 years$918$511$271$138$69$6
50 years$889$488$255$128$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $911,000, adding $5,778 every year, while hoping to spend $23,681 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: 71/18/11 Blend
54$911,000$911,000$911,000$911,000
55$1,009,882$961,599$947,479$1,078,929
56$1,087,694$983,521$954,023$1,147,339
57$1,172,648$1,005,723$959,992$1,218,748
58$1,265,450$1,028,195$965,343$1,296,279
59$1,366,872$1,050,923$970,029$1,380,530
60$1,477,769$1,073,894$974,001$1,472,160
61$1,599,078$1,097,092$977,207$1,571,896
62$1,731,835$1,120,500$979,594$1,680,537
63$1,877,176$1,144,099$981,104$1,798,964
64$2,036,356$1,167,868$981,680$1,928,147
65$2,210,756$1,191,785$981,257$2,069,155
66$2,401,895$1,215,824$979,771$2,223,165
67$2,611,447$1,239,959$977,152$2,391,475
68$2,841,258$1,264,160$973,330$2,575,513
69$3,093,358$1,288,395$968,228$2,776,855
70$3,369,984$1,312,630$961,768$2,997,236
71$3,673,601$1,336,828$953,865$3,238,566
72$4,006,923$1,360,947$944,435$3,502,953
73$4,372,940$1,384,944$933,384$3,792,718
74$4,774,946$1,408,773$920,619$4,110,418
75$5,216,570$1,432,382$906,039$4,458,872
76$5,701,809$1,455,717$889,540$4,841,184
77$6,235,066$1,478,720$871,012$5,260,778
78$6,821,193$1,501,328$850,341$5,721,423
79$7,465,535$1,523,473$827,408$6,227,277
80$8,173,980$1,545,084$802,087$6,782,918
81$8,953,016$1,566,082$774,246$7,393,393
82$9,809,790$1,586,387$743,750$8,064,263
83$10,752,177$1,605,908$710,454$8,801,658
84$11,788,854$1,624,553$674,209$9,612,330
85$12,929,381$1,642,219$634,859$10,503,724
86$14,184,290$1,658,801$592,239$11,484,041
87$15,565,188$1,674,182$546,179$12,562,322
88$17,084,861$1,688,241$496,500$13,748,528
89$18,757,400$1,700,848$443,016$15,053,638
90$20,598,329$1,711,864$385,532$16,489,750
91$22,624,755$1,721,141$323,843$18,070,199
92$24,855,526$1,728,523$257,738$19,809,677
93$27,311,412$1,733,843$186,994$21,724,379
94$30,015,297$1,736,923$111,380$23,832,150
95$32,992,400$1,737,575$30,654$26,152,660
96$36,270,507$1,735,598$0$28,707,582
97$39,880,236$1,730,780$0$31,527,316
98$43,855,328$1,722,895$0$34,635,937
99$48,232,958$1,711,705$0$38,058,886
100$53,054,096$1,696,954$0$41,828,168