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%19.2%
1 years$75,808$75,132$74,474$73,830$73,203$70,493
2 years$37,529$36,830$36,152$35,495$34,858$32,159
3 years$24,770$24,069$23,393$22,742$22,116$19,512
4 years$18,393$17,693$17,024$16,385$15,773$13,284
5 years$14,567$13,871$13,211$12,585$11,990$9,623
6 years$12,017$11,327$10,677$10,064$9,488$7,244
7 years$10,197$9,512$8,872$8,274$7,716$5,595
8 years$8,832$8,154$7,525$6,941$6,401$4,400
9 years$7,771$7,099$6,481$5,912$5,391$3,508
10 years$6,923$6,258$5,650$5,096$4,593$2,825
11 years$6,230$5,571$4,974$4,435$3,950$2,293
12 years$5,652$5,000$4,415$3,890$3,423$1,872
13 years$5,164$4,519$3,944$3,435$2,985$1,537
14 years$4,746$4,107$3,544$3,049$2,617$1,266
15 years$4,384$3,752$3,200$2,719$2,304$1,046
16 years$4,067$3,443$2,901$2,435$2,036$867
17 years$3,788$3,170$2,640$2,188$1,805$720
18 years$3,540$2,930$2,410$1,971$1,605$599
19 years$3,319$2,715$2,206$1,781$1,431$499
20 years$3,120$2,523$2,025$1,613$1,278$416
21 years$2,940$2,350$1,862$1,464$1,144$347
22 years$2,777$2,194$1,716$1,331$1,025$290
23 years$2,628$2,052$1,585$1,212$920$243
24 years$2,492$1,922$1,466$1,106$827$203
25 years$2,367$1,804$1,357$1,010$744$170
26 years$2,251$1,696$1,259$923$670$142
27 years$2,145$1,596$1,169$845$604$119
28 years$2,046$1,504$1,087$774$545$100
29 years$1,954$1,418$1,011$710$493$84
30 years$1,869$1,340$942$652$445$70
31 years$1,789$1,266$878$599$402$59
32 years$1,714$1,198$819$550$364$49
33 years$1,644$1,135$765$506$329$41
34 years$1,578$1,076$715$465$298$35
35 years$1,516$1,020$668$428$270$29
36 years$1,458$968$625$395$245$24
37 years$1,403$920$585$364$222$20
38 years$1,351$874$548$335$201$17
39 years$1,302$831$513$309$182$14
40 years$1,255$791$481$285$165$12
41 years$1,211$753$451$263$150$10
42 years$1,169$717$423$243$136$8
43 years$1,129$683$397$224$124$7
44 years$1,091$651$373$207$112$6
45 years$1,054$621$350$191$102$5
46 years$1,020$592$329$176$92$4
47 years$987$565$309$163$84$4
48 years$955$539$290$151$76$3
49 years$925$515$273$139$69$2
50 years$896$492$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $918,000, adding $2,146 every year, while hoping to spend $29,724 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: 71/7/22 Blend
54$918,000$918,000$918,000$918,000
55$1,013,850$965,196$950,967$1,080,168
56$1,085,636$980,864$951,198$1,140,354
57$1,163,749$996,304$950,441$1,202,515
58$1,248,801$1,011,473$948,631$1,269,850
59$1,341,469$1,026,325$945,700$1,342,868
60$1,442,496$1,040,812$941,577$1,422,130
61$1,552,699$1,054,881$936,189$1,508,257
62$1,672,980$1,068,475$929,457$1,601,932
63$1,804,329$1,081,536$921,300$1,703,907
64$1,947,839$1,094,000$911,631$1,815,011
65$2,104,710$1,105,797$900,362$1,936,160
66$2,276,264$1,116,855$887,398$2,068,362
67$2,463,959$1,127,096$872,641$2,212,728
68$2,669,397$1,136,438$855,989$2,370,483
69$2,894,344$1,144,793$837,334$2,542,979
70$3,140,746$1,152,066$816,563$2,731,703
71$3,410,742$1,158,157$793,558$2,938,298
72$3,706,691$1,162,961$768,196$3,164,573
73$4,031,191$1,166,363$740,348$3,412,523
74$4,387,103$1,168,245$709,879$3,684,346
75$4,777,576$1,168,478$676,649$3,982,466
76$5,206,081$1,166,926$640,509$4,309,556
77$5,676,442$1,163,446$601,307$4,668,561
78$6,192,869$1,157,884$558,880$5,062,727
79$6,760,000$1,150,079$513,061$5,495,635
80$7,382,945$1,139,858$463,674$5,971,230
81$8,067,334$1,127,040$410,536$6,493,861
82$8,819,368$1,111,430$353,454$7,068,322
83$9,645,877$1,092,824$292,229$7,699,898
84$10,554,389$1,071,005$226,651$8,394,415
85$11,553,195$1,045,743$156,502$9,158,294
86$12,651,431$1,016,794$81,555$9,998,612
87$13,859,160$983,900$1,570$10,923,173
88$15,187,473$946,789$0$11,940,575
89$16,648,585$905,172$0$13,079,966
90$18,255,959$858,744$0$14,333,799
91$20,024,425$807,181$0$15,713,284
92$21,970,325$750,141$0$17,231,181
93$24,111,664$687,264$0$18,901,552
94$26,468,282$618,168$0$20,739,890
95$29,062,037$542,448$0$22,763,269
96$31,917,015$459,679$0$24,990,503
97$35,059,757$369,410$0$27,442,322
98$38,519,506$271,164$0$30,141,572
99$42,328,484$164,440$0$33,113,428
100$46,522,198$48,706$0$36,385,630