Can I retire at age 55 with 917,000?

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 $917,000?

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$75,725$75,050$74,392$73,750$73,123$71,067
2 years$37,488$36,789$36,113$35,457$34,820$32,765
3 years$24,743$24,042$23,367$22,717$22,092$20,101
4 years$18,373$17,674$17,005$16,367$15,756$13,845
5 years$14,551$13,856$13,197$12,571$11,977$10,152
6 years$12,004$11,315$10,665$10,053$9,477$7,738
7 years$10,186$9,502$8,863$8,265$7,708$6,056
8 years$8,823$8,145$7,516$6,934$6,394$4,828
9 years$7,763$7,092$6,474$5,906$5,385$3,903
10 years$6,916$6,251$5,644$5,091$4,588$3,189
11 years$6,223$5,565$4,969$4,431$3,946$2,627
12 years$5,646$4,995$4,410$3,886$3,419$2,179
13 years$5,158$4,514$3,940$3,431$2,982$1,816
14 years$4,741$4,103$3,540$3,046$2,614$1,520
15 years$4,379$3,748$3,196$2,716$2,301$1,277
16 years$4,063$3,439$2,898$2,432$2,034$1,076
17 years$3,784$3,167$2,637$2,185$1,804$909
18 years$3,537$2,926$2,407$1,969$1,604$769
19 years$3,315$2,712$2,204$1,779$1,429$652
20 years$3,117$2,520$2,022$1,612$1,277$553
21 years$2,937$2,348$1,860$1,463$1,143$470
22 years$2,774$2,191$1,714$1,330$1,024$400
23 years$2,625$2,050$1,583$1,211$919$340
24 years$2,489$1,920$1,464$1,105$826$290
25 years$2,364$1,802$1,356$1,009$744$247
26 years$2,249$1,694$1,258$922$670$211
27 years$2,142$1,594$1,168$844$604$180
28 years$2,044$1,502$1,086$774$545$154
29 years$1,952$1,417$1,010$709$492$131
30 years$1,867$1,338$941$651$445$112
31 years$1,787$1,265$877$598$402$96
32 years$1,712$1,197$818$549$364$82
33 years$1,642$1,134$764$505$329$70
34 years$1,576$1,074$714$465$298$60
35 years$1,515$1,019$668$428$270$51
36 years$1,456$967$625$394$244$44
37 years$1,401$919$585$363$222$37
38 years$1,349$873$547$335$201$32
39 years$1,300$830$513$309$182$27
40 years$1,254$790$481$285$165$23
41 years$1,209$752$451$263$150$20
42 years$1,167$716$423$242$136$17
43 years$1,128$682$397$224$123$15
44 years$1,090$650$372$207$112$12
45 years$1,053$620$350$191$102$11
46 years$1,019$592$328$176$92$9
47 years$986$565$309$163$84$8
48 years$954$539$290$150$76$7
49 years$924$515$273$139$69$6
50 years$895$492$256$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $917,000, adding $6,714 every year, while hoping to spend $45,388 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: 39/42/19 Blend
54$917,000$917,000$917,000$917,000
55$1,017,459$968,858$954,645$1,051,140
56$1,072,948$968,040$938,333$1,075,109
57$1,132,575$965,660$919,954$1,096,179
58$1,196,715$961,595$899,389$1,118,021
59$1,265,778$955,712$876,517$1,140,727
60$1,340,217$947,871$851,210$1,164,407
61$1,420,526$937,923$823,332$1,189,180
62$1,507,250$925,712$792,744$1,215,185
63$1,600,988$911,070$759,300$1,242,575
64$1,702,396$893,821$722,844$1,271,527
65$1,812,199$873,776$683,218$1,302,235
66$1,931,191$850,739$640,253$1,334,923
67$2,060,246$824,499$593,775$1,369,839
68$2,200,325$794,832$543,600$1,407,262
69$2,352,484$761,506$489,537$1,447,505
70$2,517,887$724,269$431,387$1,490,920
71$2,697,813$682,860$368,939$1,537,899
72$2,893,670$636,999$301,978$1,588,881
73$3,107,005$586,393$230,275$1,644,359
74$3,339,522$530,729$153,592$1,704,880
75$3,593,098$469,680$71,683$1,771,058
76$3,869,797$402,897$0$1,843,576
77$4,171,890$330,012$0$1,926,384
78$4,501,879$250,639$0$2,032,858
79$4,862,517$164,367$0$2,149,453
80$5,256,836$70,763$0$2,277,281
81$5,688,173$0$0$2,417,574
82$6,160,204$0$0$2,585,855
83$6,676,974$0$0$2,806,010
84$7,242,941$0$0$3,047,247
85$7,863,010$0$0$3,311,674
86$8,542,588$0$0$3,601,610
87$9,287,626$0$0$3,919,613
88$10,104,678$0$0$4,268,497
89$11,000,966$0$0$4,651,364
90$11,984,443$0$0$5,071,628
91$13,063,867$0$0$5,533,053
92$14,248,888$0$0$6,039,784
93$15,550,135$0$0$6,596,384
94$16,979,318$0$0$7,207,886
95$18,549,333$0$0$7,879,828
96$20,274,391$0$0$8,618,316
97$22,170,145$0$0$9,430,074
98$24,253,841$0$0$10,322,511
99$26,544,478$0$0$11,303,790
100$29,062,986$0$0$12,382,903