Can I retire at age 55 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$76,799$76,114$75,447$74,796$74,160$73,785
2 years$38,019$37,311$36,625$35,959$35,314$34,936
3 years$25,094$24,383$23,699$23,040$22,405$22,035
4 years$18,633$17,924$17,247$16,599$15,979$15,621
5 years$14,757$14,053$13,384$12,749$12,147$11,801
6 years$12,175$11,475$10,816$10,196$9,612$9,278
7 years$10,330$9,637$8,988$8,383$7,817$7,496
8 years$8,948$8,261$7,623$7,032$6,485$6,176
9 years$7,873$7,192$6,566$5,990$5,461$5,166
10 years$7,014$6,340$5,724$5,163$4,653$4,370
11 years$6,311$5,644$5,039$4,493$4,002$3,731
12 years$5,726$5,066$4,472$3,941$3,468$3,209
13 years$5,231$4,578$3,996$3,480$3,024$2,778
14 years$4,808$4,161$3,590$3,089$2,651$2,416
15 years$4,441$3,801$3,241$2,755$2,334$2,111
16 years$4,120$3,488$2,939$2,467$2,063$1,850
17 years$3,838$3,212$2,674$2,216$1,829$1,627
18 years$3,587$2,968$2,441$1,997$1,626$1,435
19 years$3,362$2,751$2,235$1,805$1,450$1,268
20 years$3,161$2,556$2,051$1,634$1,295$1,123
21 years$2,979$2,381$1,887$1,483$1,159$996
22 years$2,813$2,222$1,739$1,349$1,039$885
23 years$2,662$2,079$1,605$1,228$932$788
24 years$2,524$1,948$1,485$1,120$838$702
25 years$2,398$1,828$1,375$1,023$754$626
26 years$2,281$1,718$1,275$935$679$558
27 years$2,173$1,617$1,184$856$612$499
28 years$2,073$1,523$1,101$785$553$446
29 years$1,980$1,437$1,025$719$499$399
30 years$1,893$1,357$954$660$451$357
31 years$1,812$1,283$890$606$408$319
32 years$1,736$1,214$830$557$369$286
33 years$1,665$1,150$775$512$334$256
34 years$1,599$1,090$724$472$302$230
35 years$1,536$1,033$677$434$274$206
36 years$1,477$981$633$400$248$185
37 years$1,421$932$593$368$225$166
38 years$1,369$885$555$339$204$149
39 years$1,319$842$520$313$185$134
40 years$1,271$801$488$289$168$120
41 years$1,227$762$457$266$152$108
42 years$1,184$726$429$246$138$97
43 years$1,144$692$402$227$125$87
44 years$1,105$659$378$210$114$78
45 years$1,068$629$355$194$103$70
46 years$1,033$600$333$179$94$63
47 years$1,000$573$313$165$85$57
48 years$968$547$294$153$77$51
49 years$937$522$276$141$70$46
50 years$908$499$260$130$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $930,000, adding $5,973 every year, while hoping to spend $59,920 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: 37/43/20 Blend
54$930,000$930,000$930,000$930,000
55$1,031,021$981,731$967,316$1,062,759
56$1,072,431$966,082$935,967$1,070,684
57$1,116,056$947,657$901,559$1,073,181
58$1,162,060$926,258$863,927$1,074,643
59$1,210,619$901,674$822,898$1,075,012
60$1,261,927$873,680$778,290$1,074,230
61$1,316,195$842,042$729,914$1,072,236
62$1,373,653$806,509$677,572$1,068,970
63$1,434,553$766,815$621,058$1,064,374
64$1,499,169$722,681$560,156$1,058,388
65$1,567,803$673,810$494,639$1,050,955
66$1,640,782$619,891$424,273$1,042,019
67$1,718,467$560,590$348,811$1,031,527
68$1,801,251$495,559$267,996$1,019,428
69$1,889,565$424,428$181,561$1,005,677
70$1,983,881$346,806$89,224$990,231
71$2,084,718$262,280$0$973,056
72$2,192,642$170,414$0$956,112
73$2,308,275$70,749$0$957,838
74$2,432,301$0$0$959,234
75$2,565,468$0$0$977,977
76$2,708,597$0$0$1,034,192
77$2,862,592$0$0$1,094,770
78$3,028,442$0$0$1,160,113
79$3,207,235$0$0$1,230,661
80$3,400,167$0$0$1,306,899
81$3,608,551$0$0$1,389,362
82$3,833,829$0$0$1,478,634
83$4,077,587$0$0$1,575,360
84$4,341,570$0$0$1,680,248
85$4,627,692$0$0$1,794,077
86$4,938,062$0$0$1,917,704
87$5,274,998$0$0$2,052,071
88$5,641,049$0$0$2,198,213
89$6,039,019$0$0$2,357,273
90$6,471,994$0$0$2,530,504
91$6,943,367$0$0$2,719,287
92$7,456,874$0$0$2,925,143
93$8,016,625$0$0$3,149,743
94$8,627,144$0$0$3,394,929
95$9,293,410$0$0$3,662,727
96$10,020,903$0$0$3,955,368
97$10,815,657$0$0$4,275,309
98$11,684,313$0$0$4,625,253
99$12,634,185$0$0$5,008,178
100$13,673,322$0$0$5,427,362