Can I retire at age 55 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$75,477$74,805$74,149$73,509$72,884$70,551
2 years$37,365$36,669$35,995$35,341$34,706$32,378
3 years$24,663$23,964$23,291$22,643$22,019$19,767
4 years$18,313$17,616$16,950$16,313$15,704$13,547
5 years$14,504$13,811$13,154$12,530$11,938$9,881
6 years$11,965$11,278$10,630$10,020$9,446$7,491
7 years$10,153$9,471$8,834$8,238$7,682$5,829
8 years$8,794$8,118$7,492$6,911$6,373$4,620
9 years$7,738$7,069$6,453$5,887$5,367$3,712
10 years$6,893$6,231$5,626$5,074$4,573$3,014
11 years$6,203$5,547$4,953$4,416$3,933$2,467
12 years$5,628$4,978$4,395$3,874$3,408$2,032
13 years$5,141$4,499$3,927$3,420$2,972$1,683
14 years$4,725$4,090$3,528$3,036$2,605$1,399
15 years$4,365$3,736$3,186$2,707$2,294$1,167
16 years$4,049$3,428$2,888$2,424$2,027$976
17 years$3,772$3,157$2,628$2,178$1,798$818
18 years$3,525$2,917$2,399$1,963$1,598$687
19 years$3,305$2,703$2,196$1,774$1,425$578
20 years$3,106$2,512$2,016$1,606$1,273$487
21 years$2,927$2,340$1,854$1,458$1,139$411
22 years$2,765$2,184$1,709$1,326$1,021$347
23 years$2,617$2,043$1,578$1,207$916$293
24 years$2,481$1,914$1,459$1,101$824$247
25 years$2,356$1,796$1,351$1,006$741$209
26 years$2,242$1,688$1,253$919$668$177
27 years$2,135$1,589$1,164$842$602$150
28 years$2,037$1,497$1,082$771$543$127
29 years$1,946$1,412$1,007$707$490$107
30 years$1,861$1,334$938$649$443$91
31 years$1,781$1,261$874$596$401$77
32 years$1,707$1,193$816$548$362$65
33 years$1,637$1,130$762$504$328$55
34 years$1,571$1,071$712$463$297$47
35 years$1,510$1,016$665$427$269$40
36 years$1,452$964$622$393$244$34
37 years$1,397$916$583$362$221$29
38 years$1,345$870$546$334$200$24
39 years$1,296$827$511$308$182$21
40 years$1,250$787$479$284$165$17
41 years$1,206$749$449$262$149$15
42 years$1,164$714$421$242$136$13
43 years$1,124$680$395$223$123$11
44 years$1,086$648$371$206$112$9
45 years$1,050$618$349$190$101$8
46 years$1,015$590$327$176$92$6
47 years$983$563$308$162$84$6
48 years$951$537$289$150$76$5
49 years$921$513$272$139$69$4
50 years$892$490$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $914,000, adding $4,534 every year, while hoping to spend $27,733 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: 27/44/29 Blend
54$914,000$914,000$914,000$914,000
55$1,011,905$963,463$949,296$1,030,021
56$1,085,611$981,165$951,590$1,062,820
57$1,165,907$998,805$953,031$1,095,340
58$1,253,433$1,016,350$953,561$1,129,696
59$1,348,898$1,033,766$953,121$1,166,066
60$1,453,081$1,051,016$951,645$1,204,644
61$1,566,838$1,068,058$949,068$1,245,646
62$1,691,113$1,084,850$945,319$1,289,314
63$1,826,944$1,101,346$940,325$1,335,912
64$1,975,475$1,117,495$934,008$1,385,734
65$2,137,965$1,133,243$926,289$1,439,107
66$2,315,800$1,148,535$917,083$1,496,391
67$2,510,507$1,163,309$906,300$1,557,986
68$2,723,767$1,177,499$893,849$1,624,334
69$2,957,430$1,191,036$879,633$1,695,925
70$3,213,536$1,203,845$863,549$1,773,300
71$3,494,331$1,215,846$845,491$1,857,059
72$3,802,286$1,226,956$825,348$1,947,866
73$4,140,125$1,237,084$803,004$2,046,454
74$4,510,850$1,246,133$778,337$2,153,635
75$4,917,764$1,254,001$751,218$2,270,308
76$5,364,508$1,260,579$721,516$2,397,465
77$5,855,091$1,265,750$689,090$2,536,203
78$6,393,932$1,269,393$653,796$2,687,737
79$6,985,894$1,271,375$615,480$2,853,409
80$7,636,341$1,271,557$573,983$3,034,701
81$8,351,176$1,269,792$529,140$3,233,254
82$9,136,906$1,265,922$480,776$3,450,877
83$10,000,698$1,259,780$428,710$3,689,572
84$10,950,450$1,251,190$372,753$3,951,552
85$11,994,862$1,239,964$312,706$4,239,258
86$13,143,519$1,225,904$248,363$4,555,389
87$14,406,982$1,208,797$179,507$4,902,926
88$15,796,887$1,188,421$105,913$5,285,159
89$17,326,055$1,164,539$27,347$5,705,725
90$19,008,611$1,136,901$0$6,168,636
91$20,860,120$1,105,240$0$6,695,807
92$22,897,731$1,069,275$0$7,284,815
93$25,140,340$1,028,709$0$7,932,674
94$27,608,766$983,228$0$8,645,431
95$30,325,951$932,497$0$9,429,760
96$33,317,174$876,165$0$10,293,017
97$36,610,287$813,858$0$11,243,317
98$40,235,983$745,184$0$12,289,611
99$44,228,081$669,725$0$13,441,767
100$48,623,845$587,042$0$14,710,670