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%12.1%
1 years$76,386$75,705$75,041$74,393$73,761$73,112
2 years$37,815$37,110$36,428$35,766$35,124$34,471
3 years$24,959$24,252$23,571$22,916$22,284$21,646
4 years$18,533$17,828$17,154$16,509$15,893$15,275
5 years$14,678$13,977$13,312$12,681$12,082$11,486
6 years$12,109$11,413$10,758$10,141$9,560$8,987
7 years$10,275$9,585$8,940$8,337$7,775$7,224
8 years$8,900$8,216$7,582$6,994$6,450$5,923
9 years$7,831$7,154$6,530$5,957$5,432$4,927
10 years$6,976$6,306$5,693$5,135$4,628$4,146
11 years$6,277$5,613$5,012$4,469$3,980$3,521
12 years$5,695$5,038$4,448$3,920$3,449$3,011
13 years$5,203$4,553$3,974$3,461$3,008$2,591
14 years$4,782$4,139$3,571$3,072$2,637$2,240
15 years$4,417$3,781$3,224$2,740$2,322$1,945
16 years$4,098$3,469$2,923$2,453$2,052$1,695
17 years$3,817$3,195$2,660$2,204$1,819$1,482
18 years$3,567$2,952$2,428$1,986$1,618$1,298
19 years$3,344$2,736$2,223$1,795$1,442$1,140
20 years$3,144$2,542$2,040$1,626$1,288$1,003
21 years$2,963$2,368$1,876$1,475$1,152$884
22 years$2,798$2,211$1,729$1,341$1,033$780
23 years$2,648$2,067$1,597$1,222$927$689
24 years$2,511$1,937$1,477$1,114$833$610
25 years$2,385$1,818$1,368$1,018$750$540
26 years$2,269$1,708$1,269$930$676$479
27 years$2,161$1,608$1,178$852$609$424
28 years$2,062$1,515$1,095$780$550$377
29 years$1,969$1,429$1,019$716$496$334
30 years$1,883$1,350$949$657$448$297
31 years$1,802$1,276$885$603$405$264
32 years$1,727$1,207$826$554$367$235
33 years$1,657$1,143$771$510$332$209
34 years$1,590$1,084$720$469$300$186
35 years$1,528$1,028$673$432$272$165
36 years$1,469$976$630$398$247$147
37 years$1,414$927$590$366$223$131
38 years$1,361$881$552$338$203$117
39 years$1,312$837$517$311$184$104
40 years$1,265$797$485$287$167$93
41 years$1,220$758$455$265$151$83
42 years$1,178$722$426$245$137$74
43 years$1,137$688$400$226$125$66
44 years$1,099$656$376$208$113$58
45 years$1,062$626$353$192$103$52
46 years$1,028$597$331$178$93$46
47 years$994$569$311$164$85$41
48 years$963$544$292$152$77$37
49 years$932$519$275$140$70$33
50 years$903$496$258$130$63$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $925,000, adding $6,484 every year, while hoping to spend $40,004 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: 57/31/12 Blend
54$925,000$925,000$925,000$925,000
55$1,026,038$977,013$962,676$1,081,084
56$1,088,130$982,323$952,361$1,124,344
57$1,155,215$986,552$940,361$1,166,473
58$1,227,759$989,605$926,575$1,211,431
59$1,306,276$991,382$910,901$1,259,495
60$1,391,331$991,774$893,231$1,310,971
61$1,483,543$990,667$873,450$1,366,197
62$1,583,595$987,940$851,442$1,425,549
63$1,692,237$983,465$827,081$1,489,440
64$1,810,295$977,105$800,238$1,558,328
65$1,938,677$968,715$770,777$1,632,721
66$2,078,381$958,141$738,557$1,713,177
67$2,230,507$945,220$703,430$1,800,317
68$2,396,263$929,781$665,240$1,894,824
69$2,576,982$911,640$623,825$1,997,455
70$2,774,127$890,603$579,016$2,109,047
71$2,989,311$866,466$530,636$2,230,524
72$3,224,309$839,012$478,501$2,362,907
73$3,481,075$808,009$422,417$2,507,325
74$3,761,759$773,216$362,182$2,665,025
75$4,068,730$734,375$297,587$2,837,385
76$4,404,595$691,214$228,410$3,025,927
77$4,772,225$643,445$154,424$3,232,333
78$5,174,781$590,763$75,386$3,458,461
79$5,615,746$532,848$0$3,706,360
80$6,098,953$469,358$0$3,979,445
81$6,628,625$399,936$0$4,289,446
82$7,209,412$324,200$0$4,629,497
83$7,846,436$241,750$0$5,002,686
84$8,545,339$152,162$0$5,412,417
85$9,312,336$54,990$0$5,862,450
86$10,154,270$0$0$6,356,929
87$11,078,681$0$0$6,917,566
88$12,093,876$0$0$7,553,947
89$13,209,004$0$0$8,253,058
90$14,434,144$0$0$9,021,230
91$15,780,399$0$0$9,865,435
92$17,260,002$0$0$10,793,357
93$18,886,430$0$0$11,813,459
94$20,674,530$0$0$12,935,065
95$22,640,659$0$0$14,168,449
96$24,802,839$0$0$15,524,930
97$27,180,926$0$0$17,016,977
98$29,796,795$0$0$18,658,331
99$32,674,551$0$0$20,464,131
100$35,840,750$0$0$22,451,055