Can I retire at age 55 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$76,551$75,869$75,204$74,554$73,920$73,516
2 years$37,896$37,191$36,507$35,843$35,200$34,792
3 years$25,013$24,304$23,622$22,965$22,332$21,934
4 years$18,573$17,866$17,191$16,545$15,928$15,541
5 years$14,710$14,007$13,341$12,708$12,108$11,734
6 years$12,135$11,438$10,781$10,163$9,581$9,221
7 years$10,297$9,606$8,959$8,355$7,792$7,445
8 years$8,919$8,234$7,598$7,009$6,464$6,132
9 years$7,848$7,169$6,544$5,970$5,444$5,125
10 years$6,991$6,319$5,706$5,146$4,638$4,333
11 years$6,291$5,626$5,023$4,479$3,989$3,698
12 years$5,708$5,049$4,458$3,929$3,457$3,178
13 years$5,215$4,563$3,983$3,468$3,014$2,749
14 years$4,792$4,148$3,579$3,079$2,642$2,390
15 years$4,427$3,789$3,231$2,746$2,327$2,086
16 years$4,107$3,476$2,929$2,459$2,056$1,828
17 years$3,825$3,202$2,666$2,209$1,823$1,606
18 years$3,575$2,958$2,433$1,991$1,621$1,415
19 years$3,352$2,742$2,228$1,799$1,445$1,250
20 years$3,151$2,548$2,044$1,629$1,291$1,106
21 years$2,969$2,373$1,880$1,479$1,155$981
22 years$2,804$2,215$1,733$1,344$1,035$871
23 years$2,654$2,072$1,600$1,224$929$774
24 years$2,516$1,941$1,480$1,117$835$689
25 years$2,390$1,822$1,371$1,020$752$614
26 years$2,273$1,712$1,271$932$677$547
27 years$2,166$1,611$1,180$854$610$489
28 years$2,066$1,518$1,097$782$551$436
29 years$1,973$1,432$1,021$717$497$390
30 years$1,887$1,353$951$658$449$349
31 years$1,806$1,279$887$604$406$312
32 years$1,731$1,210$827$555$368$279
33 years$1,660$1,146$773$511$333$250
34 years$1,594$1,086$722$470$301$224
35 years$1,531$1,030$675$433$273$201
36 years$1,472$978$631$398$247$180
37 years$1,417$929$591$367$224$161
38 years$1,364$883$553$338$203$145
39 years$1,314$839$518$312$184$130
40 years$1,267$798$486$288$167$116
41 years$1,223$760$456$266$152$104
42 years$1,180$724$427$245$137$94
43 years$1,140$690$401$226$125$84
44 years$1,101$657$376$209$113$75
45 years$1,065$627$353$193$103$68
46 years$1,030$598$332$178$93$61
47 years$997$571$312$165$85$55
48 years$965$545$293$152$77$49
49 years$934$520$276$141$70$44
50 years$905$497$259$130$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $927,000, adding $4,201 every year, while hoping to spend $21,225 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: 64/7/29 Blend
54$927,000$927,000$927,000$927,000
55$1,025,887$976,756$962,388$1,083,363
56$1,107,945$1,002,034$972,045$1,148,098
57$1,197,660$1,027,839$981,313$1,216,101
58$1,295,793$1,054,175$990,159$1,289,955
59$1,403,179$1,081,044$998,544$1,370,238
60$1,520,737$1,108,449$1,006,429$1,457,586
61$1,649,481$1,136,392$1,013,773$1,552,703
62$1,790,526$1,164,873$1,020,533$1,656,361
63$1,945,101$1,193,893$1,026,662$1,769,415
64$2,114,558$1,223,451$1,032,112$1,892,803
65$2,300,389$1,253,546$1,036,833$2,027,562
66$2,504,234$1,284,175$1,040,772$2,174,833
67$2,727,900$1,315,334$1,043,873$2,335,874
68$2,973,381$1,347,020$1,046,078$2,512,073
69$3,242,868$1,379,226$1,047,324$2,704,956
70$3,538,778$1,411,946$1,047,547$2,916,208
71$3,863,773$1,445,171$1,046,679$3,147,687
72$4,220,785$1,478,892$1,044,650$3,401,436
73$4,613,044$1,513,096$1,041,384$3,679,713
74$5,044,107$1,547,770$1,036,803$3,985,001
75$5,517,896$1,582,901$1,030,826$4,320,041
76$6,038,729$1,618,471$1,023,366$4,687,851
77$6,611,364$1,654,461$1,014,334$5,091,758
78$7,241,044$1,690,850$1,003,635$5,535,431
79$7,933,543$1,727,614$991,169$6,022,911
80$8,695,226$1,764,729$976,835$6,558,653
81$9,533,103$1,802,164$960,523$7,147,568
82$10,454,898$1,839,889$942,119$7,795,068
83$11,469,124$1,877,870$921,506$8,507,116
84$12,585,157$1,916,068$898,559$9,290,288
85$13,813,330$1,954,442$873,148$10,151,829
86$15,165,028$1,992,948$845,137$11,099,724
87$16,652,795$2,031,538$814,383$12,142,774
88$18,290,455$2,070,157$780,739$13,290,681
89$20,093,236$2,108,750$744,049$14,554,134
90$22,077,921$2,147,254$704,150$15,944,917
91$24,263,003$2,185,603$660,873$17,476,017
92$26,668,856$2,223,724$614,039$19,161,745
93$29,317,934$2,261,541$563,464$21,017,876
94$32,234,977$2,298,970$508,953$23,061,794
95$35,447,246$2,335,921$450,305$25,312,660
96$38,984,782$2,372,299$387,307$27,791,590
97$42,880,687$2,407,999$319,739$30,521,858
98$47,171,438$2,442,911$247,371$33,529,111
99$51,897,228$2,476,918$169,962$36,841,618
100$57,102,350$2,509,891$87,259$40,490,532