Can I retire at age 55 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$76,055$75,378$74,717$74,072$73,442$72,344
2 years$37,651$36,950$36,270$35,611$34,972$33,869
3 years$24,851$24,147$23,469$22,817$22,188$21,113
4 years$18,453$17,751$17,080$16,438$15,825$14,787
5 years$14,615$13,917$13,255$12,626$12,030$11,032
6 years$12,057$11,364$10,712$10,097$9,519$8,562
7 years$10,230$9,544$8,901$8,301$7,741$6,826
8 years$8,861$8,181$7,549$6,964$6,422$5,548
9 years$7,797$7,123$6,502$5,932$5,408$4,575
10 years$6,946$6,278$5,669$5,113$4,608$3,815
11 years$6,250$5,589$4,991$4,450$3,963$3,209
12 years$5,671$5,017$4,429$3,903$3,434$2,719
13 years$5,181$4,534$3,957$3,446$2,995$2,317
14 years$4,761$4,121$3,555$3,059$2,625$1,983
15 years$4,398$3,764$3,210$2,728$2,311$1,705
16 years$4,080$3,454$2,910$2,443$2,043$1,470
17 years$3,800$3,181$2,648$2,195$1,811$1,271
18 years$3,552$2,939$2,418$1,978$1,611$1,102
19 years$3,330$2,724$2,213$1,787$1,436$957
20 years$3,130$2,531$2,031$1,619$1,282$833
21 years$2,950$2,358$1,868$1,469$1,147$726
22 years$2,786$2,201$1,722$1,336$1,029$633
23 years$2,637$2,058$1,590$1,216$923$553
24 years$2,500$1,929$1,470$1,109$830$484
25 years$2,374$1,810$1,362$1,013$747$423
26 years$2,259$1,701$1,263$926$673$371
27 years$2,152$1,601$1,173$848$606$325
28 years$2,053$1,509$1,090$777$547$285
29 years$1,961$1,423$1,015$712$494$250
30 years$1,875$1,344$945$654$446$219
31 years$1,795$1,271$881$601$404$193
32 years$1,720$1,202$822$552$365$169
33 years$1,649$1,138$768$508$330$149
34 years$1,583$1,079$717$467$299$131
35 years$1,521$1,023$670$430$271$115
36 years$1,463$971$627$396$246$101
37 years$1,408$923$587$365$223$89
38 years$1,355$877$550$336$202$78
39 years$1,306$834$515$310$183$69
40 years$1,259$793$483$286$166$60
41 years$1,215$755$453$264$151$53
42 years$1,173$719$425$243$137$47
43 years$1,132$685$398$225$124$41
44 years$1,094$653$374$208$113$36
45 years$1,058$623$351$192$102$32
46 years$1,023$594$330$177$93$28
47 years$990$567$310$164$84$25
48 years$958$541$291$151$76$22
49 years$928$517$274$140$69$19
50 years$899$494$257$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $921,000, adding $4,323 every year, while hoping to spend $22,287 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: 65/17/18 Blend
54$921,000$921,000$921,000$921,000
55$1,019,401$970,588$956,313$1,080,825
56$1,099,667$994,434$964,636$1,146,393
57$1,187,373$1,018,701$972,491$1,215,066
58$1,283,254$1,043,387$979,839$1,289,577
59$1,388,121$1,068,487$986,638$1,370,498
60$1,502,864$1,093,998$992,845$1,458,458
61$1,628,465$1,119,913$998,415$1,554,152
62$1,766,005$1,146,225$1,003,298$1,658,343
63$1,916,675$1,172,928$1,007,446$1,771,874
64$2,081,785$1,200,010$1,010,805$1,895,672
65$2,262,779$1,227,462$1,013,318$2,030,758
66$2,461,246$1,255,272$1,014,929$2,178,259
67$2,678,939$1,283,426$1,015,575$2,339,415
68$2,917,786$1,311,909$1,015,191$2,515,594
69$3,179,912$1,340,704$1,013,712$2,708,302
70$3,467,656$1,369,792$1,011,064$2,919,198
71$3,783,597$1,399,152$1,007,175$3,150,112
72$4,130,575$1,428,762$1,001,967$3,403,059
73$4,511,718$1,458,595$995,356$3,680,261
74$4,930,471$1,488,624$987,259$3,984,165
75$5,390,632$1,518,820$977,586$4,317,469
76$5,896,383$1,549,149$966,241$4,683,145
77$6,452,332$1,579,575$953,128$5,084,470
78$7,063,555$1,610,059$938,142$5,525,053
79$7,735,644$1,640,558$921,177$6,008,873
80$8,474,763$1,671,028$902,119$6,540,315
81$9,287,699$1,701,419$880,850$7,124,210
82$10,181,932$1,731,677$857,247$7,765,886
83$11,165,705$1,761,744$831,180$8,471,209
84$12,248,096$1,791,559$802,514$9,246,650
85$13,439,111$1,821,055$771,108$10,099,335
86$14,749,774$1,850,160$736,814$11,037,121
87$16,192,230$1,878,798$699,476$12,068,667
88$17,779,863$1,906,884$658,934$13,203,513
89$19,527,420$1,934,332$615,019$14,452,175
90$21,451,149$1,961,046$567,554$15,826,244
91$23,568,954$1,986,925$516,355$17,338,491
92$25,900,563$2,011,861$461,229$19,002,992
93$28,467,715$2,035,736$401,975$20,835,262
94$31,294,363$2,058,429$338,382$22,852,397
95$34,406,902$2,079,806$270,232$25,073,239
96$37,834,417$2,099,727$197,295$27,518,553
97$41,608,955$2,118,041$119,332$30,211,226
98$45,765,832$2,134,589$36,093$33,176,478
99$50,343,962$2,149,199$0$36,442,105
100$55,386,228$2,161,691$0$40,048,869