Can I retire at age 55 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$75,808$75,132$74,474$73,830$73,203$71,087
2 years$37,529$36,830$36,152$35,495$34,858$32,744
3 years$24,770$24,069$23,393$22,742$22,116$20,068
4 years$18,393$17,693$17,024$16,385$15,773$13,809
5 years$14,567$13,871$13,211$12,585$11,990$10,114
6 years$12,017$11,327$10,677$10,064$9,488$7,702
7 years$10,197$9,512$8,872$8,274$7,716$6,020
8 years$8,832$8,154$7,525$6,941$6,401$4,794
9 years$7,771$7,099$6,481$5,912$5,391$3,871
10 years$6,923$6,258$5,650$5,096$4,593$3,159
11 years$6,230$5,571$4,974$4,435$3,950$2,599
12 years$5,652$5,000$4,415$3,890$3,423$2,152
13 years$5,164$4,519$3,944$3,435$2,985$1,792
14 years$4,746$4,107$3,544$3,049$2,617$1,498
15 years$4,384$3,752$3,200$2,719$2,304$1,256
16 years$4,067$3,443$2,901$2,435$2,036$1,057
17 years$3,788$3,170$2,640$2,188$1,805$891
18 years$3,540$2,930$2,410$1,971$1,605$753
19 years$3,319$2,715$2,206$1,781$1,431$637
20 years$3,120$2,523$2,025$1,613$1,278$540
21 years$2,940$2,350$1,862$1,464$1,144$458
22 years$2,777$2,194$1,716$1,331$1,025$389
23 years$2,628$2,052$1,585$1,212$920$331
24 years$2,492$1,922$1,466$1,106$827$281
25 years$2,367$1,804$1,357$1,010$744$240
26 years$2,251$1,696$1,259$923$670$204
27 years$2,145$1,596$1,169$845$604$174
28 years$2,046$1,504$1,087$774$545$148
29 years$1,954$1,418$1,011$710$493$126
30 years$1,869$1,340$942$652$445$108
31 years$1,789$1,266$878$599$402$92
32 years$1,714$1,198$819$550$364$78
33 years$1,644$1,135$765$506$329$67
34 years$1,578$1,076$715$465$298$57
35 years$1,516$1,020$668$428$270$49
36 years$1,458$968$625$395$245$42
37 years$1,403$920$585$364$222$35
38 years$1,351$874$548$335$201$30
39 years$1,302$831$513$309$182$26
40 years$1,255$791$481$285$165$22
41 years$1,211$753$451$263$150$19
42 years$1,169$717$423$243$136$16
43 years$1,129$683$397$224$124$14
44 years$1,091$651$373$207$112$12
45 years$1,054$621$350$191$102$10
46 years$1,020$592$329$176$92$9
47 years$987$565$309$163$84$7
48 years$955$539$290$151$76$6
49 years$925$515$273$139$69$5
50 years$896$492$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $918,000, adding $6,288 every year, while hoping to spend $20,568 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: 38/50/12 Blend
54$918,000$918,000$918,000$918,000
55$1,018,122$969,468$955,239$1,052,867
56$1,100,086$995,088$965,355$1,103,791
57$1,189,722$1,021,274$975,121$1,156,319
58$1,287,789$1,048,031$984,503$1,212,631
59$1,395,125$1,075,367$993,466$1,273,078
60$1,512,653$1,103,285$1,001,972$1,338,043
61$1,641,389$1,131,791$1,009,983$1,407,950
62$1,782,450$1,160,889$1,017,458$1,483,264
63$1,937,070$1,190,582$1,024,352$1,564,497
64$2,106,604$1,220,874$1,030,621$1,652,214
65$2,292,547$1,251,766$1,036,217$1,747,036
66$2,496,545$1,283,261$1,041,088$1,849,647
67$2,720,411$1,315,359$1,045,183$1,960,800
68$2,966,142$1,348,060$1,048,446$2,081,324
69$3,235,937$1,381,364$1,050,817$2,212,132
70$3,532,220$1,415,268$1,052,236$2,354,231
71$3,857,659$1,449,768$1,052,639$2,508,730
72$4,215,195$1,484,862$1,051,957$2,676,847
73$4,608,068$1,520,543$1,050,121$2,859,930
74$5,039,845$1,556,805$1,047,054$3,059,458
75$5,514,460$1,593,638$1,042,681$3,277,066
76$6,036,242$1,631,034$1,036,918$3,514,550
77$6,609,964$1,668,980$1,029,680$3,773,894
78$7,240,884$1,707,463$1,020,878$4,057,279
79$7,934,794$1,746,469$1,010,417$4,367,114
80$8,698,075$1,785,979$998,199$4,706,048
81$9,537,761$1,825,973$984,120$5,077,003
82$10,461,597$1,866,431$968,073$5,483,199
83$11,478,121$1,907,327$949,944$5,928,184
84$12,596,737$1,948,634$929,616$6,415,868
85$13,827,810$1,990,322$906,963$6,950,559
86$15,182,758$2,032,359$881,858$7,537,005
87$16,674,162$2,074,708$854,163$8,180,440
88$18,315,886$2,117,328$823,737$8,886,631
89$20,123,207$2,160,178$790,433$9,661,934
90$22,112,956$2,203,208$754,094$10,513,354
91$24,303,681$2,246,369$714,560$11,448,609
92$26,715,819$2,289,603$671,659$12,476,209
93$29,371,889$2,332,850$625,217$13,605,530
94$32,296,706$2,376,045$575,046$14,846,906
95$35,517,615$2,419,116$520,955$16,211,727
96$39,064,746$2,461,987$462,742$17,712,545
97$42,971,301$2,504,575$400,194$19,363,195
98$47,273,866$2,546,791$333,093$21,178,923
99$52,012,756$2,588,540$261,207$23,176,533
100$57,232,398$2,629,719$184,298$25,374,546