Can I retire at age 55 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$75,560$74,887$74,230$73,589$72,963$71,461
2 years$37,406$36,709$36,034$35,379$34,744$33,238
3 years$24,690$23,990$23,316$22,668$22,043$20,579
4 years$18,333$17,635$16,968$16,331$15,721$14,311
5 years$14,519$13,826$13,168$12,544$11,951$10,599
6 years$11,978$11,290$10,642$10,031$9,457$8,163
7 years$10,164$9,481$8,843$8,247$7,691$6,457
8 years$8,803$8,127$7,500$6,918$6,380$5,206
9 years$7,746$7,076$6,460$5,893$5,373$4,257
10 years$6,901$6,237$5,632$5,080$4,578$3,520
11 years$6,209$5,553$4,958$4,421$3,937$2,935
12 years$5,634$4,984$4,400$3,878$3,412$2,464
13 years$5,147$4,504$3,931$3,424$2,975$2,080
14 years$4,730$4,094$3,532$3,039$2,608$1,764
15 years$4,369$3,740$3,189$2,710$2,296$1,502
16 years$4,054$3,431$2,891$2,427$2,030$1,283
17 years$3,776$3,160$2,631$2,180$1,800$1,098
18 years$3,529$2,920$2,402$1,965$1,600$942
19 years$3,308$2,706$2,199$1,776$1,426$810
20 years$3,110$2,515$2,018$1,608$1,274$698
21 years$2,931$2,342$1,856$1,459$1,140$601
22 years$2,768$2,187$1,711$1,327$1,022$519
23 years$2,620$2,045$1,580$1,208$917$449
24 years$2,484$1,916$1,461$1,102$824$388
25 years$2,359$1,798$1,353$1,007$742$336
26 years$2,244$1,690$1,255$920$668$291
27 years$2,138$1,590$1,165$842$603$252
28 years$2,039$1,499$1,083$772$544$218
29 years$1,948$1,414$1,008$708$491$189
30 years$1,863$1,335$939$650$444$164
31 years$1,783$1,262$875$597$401$143
32 years$1,708$1,194$817$548$363$124
33 years$1,639$1,131$763$504$328$108
34 years$1,573$1,072$712$464$297$93
35 years$1,511$1,017$666$427$269$81
36 years$1,453$965$623$393$244$70
37 years$1,398$917$583$362$221$61
38 years$1,347$871$546$334$200$53
39 years$1,297$828$512$308$182$46
40 years$1,251$788$480$284$165$40
41 years$1,207$750$450$262$150$35
42 years$1,165$714$422$242$136$30
43 years$1,125$681$396$223$123$26
44 years$1,087$649$372$206$112$23
45 years$1,051$619$349$190$101$20
46 years$1,017$590$328$176$92$17
47 years$984$563$308$162$84$15
48 years$952$538$289$150$76$13
49 years$922$514$272$139$69$11
50 years$893$491$256$128$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $915,000, adding $5,570 every year, while hoping to spend $47,777 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: 38/45/17 Blend
54$915,000$915,000$915,000$915,000
55$1,014,075$965,580$951,398$1,047,230
56$1,066,677$962,060$932,435$1,068,027
57$1,123,042$956,765$911,236$1,085,513
58$1,183,505$949,559$887,675$1,103,401
59$1,248,432$940,296$861,621$1,121,753
60$1,318,223$928,822$832,937$1,140,640
61$1,393,320$914,973$801,479$1,160,144
62$1,474,208$898,576$767,098$1,180,359
63$1,561,417$879,446$729,635$1,201,395
64$1,655,532$857,389$688,929$1,223,375
65$1,757,195$832,200$644,806$1,246,441
66$1,867,110$803,659$597,089$1,270,754
67$1,986,053$771,536$545,589$1,296,496
68$2,114,876$735,587$490,112$1,323,874
69$2,254,516$695,553$430,453$1,353,125
70$2,406,002$651,161$366,399$1,384,511
71$2,570,468$602,122$297,727$1,418,333
72$2,749,160$548,130$224,205$1,454,928
73$2,943,449$488,862$145,590$1,494,673
74$3,154,841$423,977$61,628$1,537,996
75$3,384,998$353,115$0$1,585,374
76$3,635,744$275,893$0$1,642,418
77$3,909,088$191,911$0$1,716,915
78$4,207,242$100,741$0$1,798,398
79$4,532,640$1,937$0$1,887,675
80$4,887,961$0$0$1,985,644
81$5,276,153$0$0$2,145,285
82$5,700,465$0$0$2,320,949
83$6,164,469$0$0$2,513,171
84$6,672,103$0$0$2,723,597
85$7,227,699$0$0$2,954,040
86$7,836,030$0$0$3,206,497
87$8,502,350$0$0$3,483,166
88$9,232,447$0$0$3,786,467
89$10,032,694$0$0$4,119,067
90$10,910,110$0$0$4,483,904
91$11,872,426$0$0$4,884,212
92$12,928,157$0$0$5,323,554
93$14,086,682$0$0$5,805,855
94$15,358,332$0$0$6,335,439
95$16,754,487$0$0$6,917,068
96$18,287,682$0$0$7,555,989
97$19,971,726$0$0$8,257,982
98$21,821,832$0$0$9,029,413
99$23,854,758$0$0$9,877,297
100$26,088,966$0$0$10,809,362