Can I retire at age 55 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$76,220$75,542$74,879$74,233$73,601$72,682
2 years$37,733$37,030$36,349$35,689$35,048$34,123
3 years$24,905$24,200$23,520$22,866$22,236$21,334
4 years$18,493$17,789$17,117$16,474$15,859$14,987
5 years$14,646$13,947$13,283$12,653$12,056$11,216
6 years$12,083$11,389$10,735$10,119$9,539$8,733
7 years$10,253$9,564$8,921$8,319$7,758$6,985
8 years$8,880$8,198$7,565$6,979$6,436$5,697
9 years$7,814$7,138$6,516$5,945$5,420$4,715
10 years$6,961$6,292$5,681$5,124$4,618$3,946
11 years$6,264$5,601$5,001$4,460$3,972$3,332
12 years$5,683$5,027$4,439$3,912$3,442$2,834
13 years$5,192$4,543$3,966$3,453$3,001$2,424
14 years$4,772$4,130$3,563$3,066$2,631$2,084
15 years$4,407$3,773$3,217$2,734$2,317$1,798
16 years$4,089$3,461$2,917$2,448$2,047$1,557
17 years$3,809$3,188$2,654$2,199$1,815$1,352
18 years$3,560$2,946$2,423$1,982$1,614$1,178
19 years$3,337$2,730$2,218$1,791$1,439$1,027
20 years$3,137$2,537$2,036$1,622$1,285$898
21 years$2,956$2,363$1,872$1,472$1,150$786
22 years$2,792$2,206$1,726$1,339$1,031$689
23 years$2,642$2,063$1,593$1,219$925$605
24 years$2,505$1,933$1,474$1,112$832$531
25 years$2,380$1,814$1,365$1,015$748$467
26 years$2,264$1,705$1,266$928$674$411
27 years$2,157$1,604$1,175$850$608$362
28 years$2,057$1,512$1,093$779$548$319
29 years$1,965$1,426$1,017$714$495$281
30 years$1,879$1,347$947$655$447$248
31 years$1,799$1,273$883$602$405$219
32 years$1,723$1,205$824$553$366$193
33 years$1,653$1,141$769$509$331$170
34 years$1,587$1,081$719$468$300$151
35 years$1,525$1,026$672$431$272$133
36 years$1,466$973$629$397$246$117
37 years$1,411$925$588$366$223$104
38 years$1,358$879$551$337$202$92
39 years$1,309$836$516$311$183$81
40 years$1,262$795$484$287$166$72
41 years$1,217$757$454$264$151$63
42 years$1,175$721$426$244$137$56
43 years$1,135$687$399$225$124$50
44 years$1,097$655$375$208$113$44
45 years$1,060$624$352$192$102$39
46 years$1,025$595$331$177$93$34
47 years$992$568$311$164$84$30
48 years$961$542$292$151$77$27
49 years$930$518$274$140$70$24
50 years$901$495$258$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $923,000, adding $4,725 every year, while hoping to spend $40,377 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: 34/38/28 Blend
54$923,000$923,000$923,000$923,000
55$1,022,020$973,101$958,794$1,047,978
56$1,083,305$977,822$947,953$1,072,684
57$1,149,488$981,421$935,395$1,095,367
58$1,221,026$983,801$921,021$1,119,047
59$1,298,421$984,857$904,726$1,143,841
60$1,382,225$984,480$886,399$1,169,880
61$1,473,044$982,553$865,926$1,197,312
62$1,571,548$978,950$843,187$1,226,302
63$1,678,468$973,542$818,057$1,257,037
64$1,794,613$966,186$790,403$1,289,725
65$1,920,870$956,736$760,088$1,324,600
66$2,058,217$945,034$726,969$1,361,925
67$2,207,728$930,914$690,895$1,401,991
68$2,370,585$914,198$651,709$1,445,127
69$2,548,091$894,699$609,247$1,491,697
70$2,741,676$872,220$563,338$1,542,111
71$2,952,919$846,550$513,801$1,596,823
72$3,183,553$817,467$460,449$1,656,340
73$3,435,489$784,737$403,088$1,721,229
74$3,710,830$748,110$341,513$1,792,118
75$4,011,890$707,323$275,509$1,869,709
76$4,341,220$662,098$204,855$1,954,782
77$4,701,624$612,141$129,318$2,048,203
78$5,096,195$557,141$48,655$2,150,937
79$5,528,334$496,768$0$2,264,054
80$6,001,789$430,675$0$2,399,925
81$6,520,689$358,495$0$2,564,928
82$7,089,577$279,840$0$2,746,059
83$7,713,461$194,299$0$2,945,031
84$8,397,855$101,441$0$3,163,736
85$9,148,833$808$0$3,404,266
86$9,973,083$0$0$3,668,936
87$10,877,976$0$0$4,005,498
88$11,871,628$0$0$4,375,586
89$12,962,982$0$0$4,782,212
90$14,161,888$0$0$5,229,063
91$15,479,199$0$0$5,720,204
92$16,926,867$0$0$6,260,111
93$18,518,065$0$0$6,853,716
94$20,267,302$0$0$7,506,455
95$22,190,564$0$0$8,224,312
96$24,305,462$0$0$9,013,886
97$26,631,401$0$0$9,882,443
98$29,189,759$0$0$10,837,990
99$32,004,091$0$0$11,889,351
100$35,100,350$0$0$13,046,246