Can I retire at age 55 with 912,000?

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 $912,000?

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 years$75,312$74,641$73,987$73,348$72,724$71,815
2 years$37,283$36,589$35,916$35,263$34,631$33,716
3 years$24,609$23,911$23,240$22,594$21,971$21,079
4 years$18,273$17,577$16,913$16,277$15,670$14,808
5 years$14,472$13,781$13,125$12,503$11,912$11,082
6 years$11,939$11,253$10,607$9,998$9,426$8,629
7 years$10,130$9,450$8,814$8,220$7,666$6,902
8 years$8,775$8,101$7,475$6,896$6,359$5,629
9 years$7,721$7,053$6,438$5,874$5,355$4,659
10 years$6,878$6,217$5,613$5,063$4,563$3,899
11 years$6,189$5,535$4,942$4,406$3,924$3,292
12 years$5,615$4,968$4,386$3,865$3,401$2,800
13 years$5,130$4,489$3,918$3,412$2,966$2,395
14 years$4,715$4,081$3,521$3,029$2,600$2,059
15 years$4,355$3,728$3,179$2,701$2,289$1,777
16 years$4,041$3,420$2,882$2,419$2,023$1,539
17 years$3,763$3,150$2,622$2,173$1,794$1,336
18 years$3,517$2,911$2,394$1,959$1,595$1,163
19 years$3,297$2,697$2,192$1,770$1,422$1,015
20 years$3,100$2,507$2,011$1,603$1,270$887
21 years$2,921$2,335$1,850$1,455$1,136$777
22 years$2,759$2,179$1,705$1,323$1,019$681
23 years$2,611$2,038$1,574$1,205$914$597
24 years$2,476$1,910$1,456$1,099$822$525
25 years$2,351$1,792$1,349$1,003$739$461
26 years$2,237$1,684$1,251$917$666$406
27 years$2,131$1,585$1,161$840$601$358
28 years$2,033$1,494$1,080$769$542$315
29 years$1,941$1,409$1,005$705$489$278
30 years$1,856$1,331$936$647$442$245
31 years$1,777$1,258$872$595$400$216
32 years$1,703$1,190$814$547$362$191
33 years$1,633$1,127$760$503$327$168
34 years$1,568$1,068$710$462$296$149
35 years$1,506$1,013$664$426$268$131
36 years$1,448$962$621$392$243$116
37 years$1,394$914$581$361$220$103
38 years$1,342$868$544$333$200$91
39 years$1,293$826$510$307$181$80
40 years$1,247$785$478$283$164$71
41 years$1,203$748$448$261$149$63
42 years$1,161$712$420$241$135$55
43 years$1,121$678$395$223$123$49
44 years$1,084$647$370$205$111$43
45 years$1,048$617$348$190$101$38
46 years$1,013$588$327$175$92$34
47 years$980$561$307$162$83$30
48 years$949$536$288$150$76$27
49 years$919$512$271$138$69$23
50 years$890$489$255$128$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $912,000, adding $3,505 every year, while hoping to spend $45,993 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: 75/8/17 Blend
54$912,000$912,000$912,000$912,000
55$1,008,639$960,303$946,167$1,080,155
56$1,062,584$958,422$928,928$1,126,079
57$1,120,490$954,907$909,569$1,170,375
58$1,182,713$949,630$887,972$1,217,701
59$1,249,641$942,454$864,011$1,268,347
60$1,321,705$933,234$837,556$1,322,632
61$1,399,374$921,818$808,469$1,380,907
62$1,483,166$908,042$776,608$1,443,562
63$1,573,647$891,735$741,823$1,511,024
64$1,671,442$872,713$703,957$1,583,768
65$1,777,237$850,784$662,847$1,662,314
66$1,891,785$825,742$618,323$1,747,239
67$2,015,915$797,371$570,204$1,839,178
68$2,150,538$765,442$518,306$1,938,833
69$2,296,656$729,711$462,432$2,046,977
70$2,455,371$689,923$402,379$2,164,464
71$2,627,895$645,806$337,936$2,292,235
72$2,815,562$597,072$268,878$2,431,331
73$3,019,839$543,419$194,976$2,582,897
74$3,242,341$484,525$115,986$2,748,199
75$3,484,844$420,051$31,656$2,928,633
76$3,749,304$349,639$0$3,125,738
77$4,037,872$272,910$0$3,351,796
78$4,352,918$189,465$0$3,604,914
79$4,697,048$98,882$0$3,881,462
80$5,073,134$714$0$4,183,778
81$5,484,336$0$0$4,514,431
82$5,934,133$0$0$4,885,545
83$6,426,357$0$0$5,291,769
84$6,965,227$0$0$5,736,527
85$7,555,388$0$0$6,223,657
86$8,201,956$0$0$6,757,388
87$8,910,565$0$0$7,342,376
88$9,687,421$0$0$7,983,748
89$10,539,358$0$0$8,687,152
90$11,473,902$0$0$9,458,808
91$12,499,345$0$0$10,305,569
92$13,624,819$0$0$11,234,982
93$14,860,384$0$0$12,255,359
94$16,217,119$0$0$13,375,859
95$17,707,233$0$0$14,606,568
96$19,344,171$0$0$15,958,601
97$21,142,747$0$0$17,444,199
98$23,119,280$0$0$19,076,850
99$25,291,748$0$0$20,871,412
100$27,679,959$0$0$22,844,253