Can I retire at age 55 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$76,633$75,951$75,285$74,635$74,000$72,036
2 years$37,937$37,231$36,546$35,882$35,238$33,273
3 years$25,040$24,331$23,648$22,990$22,357$20,452
4 years$18,593$17,886$17,209$16,563$15,945$14,115
5 years$14,726$14,023$13,355$12,722$12,121$10,372
6 years$12,148$11,450$10,793$10,174$9,591$7,923
7 years$10,308$9,616$8,969$8,364$7,800$6,215
8 years$8,929$8,243$7,606$7,017$6,471$4,967
9 years$7,856$7,177$6,551$5,977$5,449$4,025
10 years$6,999$6,326$5,712$5,152$4,643$3,297
11 years$6,298$5,632$5,028$4,484$3,993$2,723
12 years$5,714$5,055$4,463$3,933$3,460$2,264
13 years$5,220$4,568$3,987$3,472$3,018$1,892
14 years$4,797$4,152$3,582$3,082$2,645$1,588
15 years$4,431$3,793$3,234$2,749$2,329$1,338
16 years$4,111$3,480$2,933$2,461$2,058$1,131
17 years$3,829$3,205$2,668$2,211$1,825$958
18 years$3,579$2,962$2,436$1,993$1,623$813
19 years$3,355$2,745$2,230$1,801$1,446$691
20 years$3,154$2,551$2,047$1,631$1,292$588
21 years$2,972$2,376$1,882$1,480$1,156$501
22 years$2,807$2,218$1,735$1,346$1,036$428
23 years$2,657$2,074$1,602$1,226$930$365
24 years$2,519$1,943$1,482$1,118$836$312
25 years$2,393$1,824$1,372$1,021$752$267
26 years$2,276$1,714$1,273$933$678$228
27 years$2,168$1,613$1,182$854$611$196
28 years$2,068$1,520$1,099$783$551$167
29 years$1,975$1,434$1,022$718$498$143
30 years$1,889$1,354$952$659$450$123
31 years$1,808$1,280$888$605$407$105
32 years$1,733$1,211$828$556$368$90
33 years$1,662$1,147$773$511$333$77
34 years$1,595$1,087$723$471$301$66
35 years$1,533$1,031$676$433$273$57
36 years$1,474$979$632$399$247$49
37 years$1,418$930$592$368$224$42
38 years$1,366$883$554$339$203$36
39 years$1,316$840$519$312$184$31
40 years$1,269$799$486$288$167$26
41 years$1,224$761$456$266$152$23
42 years$1,181$725$428$245$138$20
43 years$1,141$690$402$226$125$17
44 years$1,103$658$377$209$113$14
45 years$1,066$628$354$193$103$12
46 years$1,031$599$332$178$93$11
47 years$998$571$312$165$85$9
48 years$966$545$293$152$77$8
49 years$935$521$276$141$70$7
50 years$906$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $928,000, adding $5,258 every year, while hoping to spend $36,990 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: 82/8/10 Blend
54$928,000$928,000$928,000$928,000
55$1,028,080$978,896$964,512$1,110,352
56$1,093,587$987,504$957,466$1,173,612
57$1,164,536$995,295$948,944$1,237,610
58$1,241,443$1,002,189$938,858$1,306,759
59$1,324,875$1,008,102$927,115$1,381,554
60$1,415,457$1,012,943$913,618$1,462,543
61$1,513,875$1,016,619$898,265$1,550,326
62$1,620,884$1,019,027$880,951$1,645,568
63$1,737,314$1,020,059$861,563$1,748,998
64$1,864,080$1,019,602$839,985$1,861,420
65$2,002,187$1,017,533$816,095$1,983,721
66$2,152,742$1,013,724$789,767$2,116,877
67$2,316,963$1,008,038$760,865$2,261,963
68$2,496,191$1,000,330$729,252$2,420,165
69$2,691,901$990,445$694,781$2,592,788
70$2,905,719$978,220$657,300$2,781,271
71$3,139,432$963,483$616,649$2,987,200
72$3,395,010$946,049$572,662$3,212,321
73$3,674,620$925,725$525,166$3,458,559
74$3,980,650$902,305$473,978$3,728,035
75$4,315,729$875,570$418,908$4,023,087
76$4,682,751$845,290$359,759$4,346,292
77$5,084,904$811,222$296,324$4,700,488
78$5,525,698$773,106$228,385$5,088,803
79$6,009,001$730,670$155,717$5,514,687
80$6,539,071$683,624$78,085$5,981,937
81$7,120,598$631,663$0$6,494,744
82$7,758,749$574,465$0$7,058,228
83$8,459,214$511,687$0$7,685,894
84$9,228,263$442,968$0$8,375,035
85$10,072,800$367,928$0$9,131,858
86$11,000,433$286,164$0$9,963,205
87$12,019,541$197,250$0$10,876,610
88$13,139,355$100,736$0$11,880,380
89$14,370,046$0$0$12,983,662
90$15,722,817$0$0$14,196,880
91$17,210,012$0$0$15,540,426
92$18,845,230$0$0$17,017,721
93$20,643,454$0$0$18,642,303
94$22,621,192$0$0$20,429,090
95$24,796,630$0$0$22,394,514
96$27,189,806$0$0$24,556,684
97$29,822,801$0$0$26,935,550
98$32,719,939$0$0$29,553,094
99$35,908,025$0$0$32,433,536
100$39,416,591$0$0$35,603,564