Can I retire at age 55 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$76,386$75,705$75,041$74,393$73,761$72,990
2 years$37,815$37,110$36,428$35,766$35,124$34,348
3 years$24,959$24,252$23,571$22,916$22,284$21,527
4 years$18,533$17,828$17,154$16,509$15,893$15,161
5 years$14,678$13,977$13,312$12,681$12,082$11,376
6 years$12,109$11,413$10,758$10,141$9,560$8,881
7 years$10,275$9,585$8,940$8,337$7,775$7,124
8 years$8,900$8,216$7,582$6,994$6,450$5,827
9 years$7,831$7,154$6,530$5,957$5,432$4,836
10 years$6,976$6,306$5,693$5,135$4,628$4,060
11 years$6,277$5,613$5,012$4,469$3,980$3,439
12 years$5,695$5,038$4,448$3,920$3,449$2,934
13 years$5,203$4,553$3,974$3,461$3,008$2,518
14 years$4,782$4,139$3,571$3,072$2,637$2,172
15 years$4,417$3,781$3,224$2,740$2,322$1,881
16 years$4,098$3,469$2,923$2,453$2,052$1,634
17 years$3,817$3,195$2,660$2,204$1,819$1,424
18 years$3,567$2,952$2,428$1,986$1,618$1,244
19 years$3,344$2,736$2,223$1,795$1,442$1,090
20 years$3,144$2,542$2,040$1,626$1,288$956
21 years$2,963$2,368$1,876$1,475$1,152$840
22 years$2,798$2,211$1,729$1,341$1,033$739
23 years$2,648$2,067$1,597$1,222$927$651
24 years$2,511$1,937$1,477$1,114$833$574
25 years$2,385$1,818$1,368$1,018$750$507
26 years$2,269$1,708$1,269$930$676$448
27 years$2,161$1,608$1,178$852$609$396
28 years$2,062$1,515$1,095$780$550$350
29 years$1,969$1,429$1,019$716$496$310
30 years$1,883$1,350$949$657$448$274
31 years$1,802$1,276$885$603$405$243
32 years$1,727$1,207$826$554$367$215
33 years$1,657$1,143$771$510$332$191
34 years$1,590$1,084$720$469$300$169
35 years$1,528$1,028$673$432$272$150
36 years$1,469$976$630$398$247$133
37 years$1,414$927$590$366$223$118
38 years$1,361$881$552$338$203$105
39 years$1,312$837$517$311$184$93
40 years$1,265$797$485$287$167$83
41 years$1,220$758$455$265$151$74
42 years$1,178$722$426$245$137$65
43 years$1,137$688$400$226$125$58
44 years$1,099$656$376$208$113$52
45 years$1,062$626$353$192$103$46
46 years$1,028$597$331$178$93$41
47 years$994$569$311$164$85$36
48 years$963$544$292$152$77$32
49 years$932$519$275$140$70$29
50 years$903$496$258$130$63$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $925,000, adding $3,817 every year, while hoping to spend $38,094 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: 34/46/20 Blend
54$925,000$925,000$925,000$925,000
55$1,023,287$974,262$959,925$1,051,691
56$1,087,131$981,469$951,550$1,080,201
57$1,156,210$987,753$941,619$1,107,144
58$1,231,018$993,027$930,038$1,135,408
59$1,312,098$997,202$916,710$1,165,134
60$1,400,046$1,000,180$901,535$1,196,476
61$1,495,521$1,001,858$884,406$1,229,610
62$1,599,242$1,002,127$865,212$1,264,731
63$1,712,006$1,000,872$843,837$1,302,055
64$1,834,685$997,970$820,160$1,341,827
65$1,968,241$993,288$794,054$1,384,317
66$2,113,731$986,690$765,385$1,429,828
67$2,272,321$978,027$734,014$1,478,695
68$2,445,291$967,143$699,797$1,531,294
69$2,634,052$953,874$662,581$1,588,042
70$2,840,156$938,044$622,208$1,649,403
71$3,065,311$919,468$578,511$1,715,895
72$3,311,399$897,948$531,318$1,788,090
73$3,580,491$873,277$480,446$1,866,627
74$3,874,867$845,234$425,707$1,952,216
75$4,197,038$813,585$366,903$2,045,643
76$4,549,770$778,084$303,828$2,147,783
77$4,936,105$738,469$236,265$2,259,606
78$5,359,398$694,464$163,991$2,382,189
79$5,823,341$645,778$86,769$2,516,725
80$6,332,001$592,100$4,354$2,664,540
81$6,889,856$533,104$0$2,827,100
82$7,501,841$468,445$0$3,023,871
83$8,173,388$397,758$0$3,240,969
84$8,910,483$320,658$0$3,479,519
85$9,719,720$236,737$0$3,741,794
86$10,608,360$145,566$0$4,030,308
87$11,584,404$46,690$0$4,347,838
88$12,656,665$0$0$4,697,455
89$13,834,852$0$0$5,113,111
90$15,129,662$0$0$5,596,029
91$16,552,877$0$0$6,126,987
92$18,117,480$0$0$6,710,849
93$19,837,773$0$0$7,352,970
94$21,729,514$0$0$8,059,252
95$23,810,063$0$0$8,836,198
96$26,098,549$0$0$9,690,972
97$28,616,046$0$0$10,631,467
98$31,385,774$0$0$11,666,381
99$34,433,317$0$0$12,805,298
100$37,786,865$0$0$14,058,775