Can I retire at age 55 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$76,881$76,196$75,528$74,876$74,239$72,711
2 years$38,060$37,351$36,664$35,998$35,352$33,819
3 years$25,121$24,409$23,724$23,064$22,429$20,939
4 years$18,653$17,943$17,265$16,617$15,996$14,561
5 years$14,773$14,068$13,398$12,763$12,160$10,784
6 years$12,188$11,487$10,828$10,207$9,622$8,306
7 years$10,341$9,647$8,998$8,392$7,825$6,570
8 years$8,957$8,269$7,631$7,039$6,492$5,297
9 years$7,882$7,200$6,573$5,996$5,467$4,332
10 years$7,021$6,346$5,730$5,169$4,658$3,581
11 years$6,318$5,650$5,045$4,498$4,006$2,986
12 years$5,732$5,071$4,477$3,946$3,472$2,507
13 years$5,237$4,583$4,000$3,483$3,027$2,117
14 years$4,813$4,166$3,594$3,092$2,654$1,795
15 years$4,446$3,805$3,245$2,758$2,337$1,528
16 years$4,125$3,491$2,942$2,469$2,065$1,305
17 years$3,842$3,215$2,677$2,219$1,831$1,117
18 years$3,591$2,971$2,444$1,999$1,628$959
19 years$3,366$2,754$2,237$1,807$1,451$824
20 years$3,164$2,559$2,053$1,636$1,296$710
21 years$2,982$2,383$1,889$1,485$1,160$612
22 years$2,816$2,225$1,741$1,350$1,040$528
23 years$2,665$2,081$1,607$1,230$933$457
24 years$2,527$1,950$1,486$1,121$839$395
25 years$2,400$1,830$1,377$1,024$755$342
26 years$2,283$1,720$1,277$936$680$296
27 years$2,175$1,618$1,186$857$613$256
28 years$2,075$1,525$1,102$785$553$222
29 years$1,982$1,439$1,026$720$499$193
30 years$1,895$1,359$955$661$451$167
31 years$1,814$1,284$891$607$408$145
32 years$1,738$1,215$831$558$369$126
33 years$1,667$1,151$776$513$334$109
34 years$1,601$1,091$725$472$302$95
35 years$1,538$1,035$678$435$274$83
36 years$1,479$982$634$400$248$72
37 years$1,423$933$593$369$225$62
38 years$1,370$886$556$340$204$54
39 years$1,320$843$521$313$185$47
40 years$1,273$802$488$289$168$41
41 years$1,228$763$458$267$152$36
42 years$1,185$727$429$246$138$31
43 years$1,145$693$403$227$125$27
44 years$1,106$660$378$210$114$23
45 years$1,069$630$355$194$103$20
46 years$1,034$601$333$179$94$18
47 years$1,001$573$313$165$85$15
48 years$969$547$294$153$77$13
49 years$938$522$277$141$70$12
50 years$909$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $931,000, adding $4,911 every year, while hoping to spend $45,435 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: 73/5/22 Blend
54$931,000$931,000$931,000$931,000
55$1,031,028$981,685$967,254$1,100,408
56$1,087,850$981,445$951,315$1,146,983
57$1,148,945$979,670$933,318$1,192,076
58$1,214,702$976,238$913,149$1,240,340
59$1,285,545$971,017$890,683$1,292,086
60$1,361,943$963,870$865,793$1,347,652
61$1,444,410$954,648$838,346$1,407,414
62$1,533,510$943,196$808,201$1,471,786
63$1,629,864$929,349$775,212$1,541,227
64$1,734,155$912,931$739,225$1,616,240
65$1,847,131$893,757$700,082$1,697,384
66$1,969,617$871,630$657,614$1,785,273
67$2,102,521$846,343$611,647$1,880,586
68$2,246,839$817,675$561,998$1,984,072
69$2,403,669$785,393$508,476$2,096,559
70$2,574,215$749,249$450,883$2,218,958
71$2,759,807$708,985$389,009$2,352,278
72$2,961,905$664,322$322,638$2,497,628
73$3,182,115$614,969$251,542$2,656,235
74$3,422,206$560,619$175,485$2,829,453
75$3,684,126$500,944$94,218$3,018,774
76$3,970,016$435,600$7,484$3,225,844
77$4,282,236$364,222$0$3,452,482
78$4,623,381$286,426$0$3,720,663
79$4,996,311$201,805$0$4,015,800
80$5,404,171$109,931$0$4,338,644
81$5,850,428$10,349$0$4,691,958
82$6,338,896$0$0$5,078,786
83$6,873,778$0$0$5,507,840
84$7,459,699$0$0$5,978,503
85$8,101,756$0$0$6,494,302
86$8,805,559$0$0$7,059,751
87$9,577,289$0$0$7,679,822
88$10,423,752$0$0$8,359,989
89$11,352,446$0$0$9,106,283
90$12,371,630$0$0$9,925,347
91$13,490,399$0$0$10,824,497
92$14,718,774$0$0$11,811,794
93$16,067,792$0$0$12,896,116
94$17,549,613$0$0$14,087,243
95$19,177,631$0$0$15,395,951
96$20,966,602$0$0$16,834,109
97$22,932,783$0$0$18,414,794
98$25,094,084$0$0$20,152,412
99$27,470,236$0$0$22,062,835
100$30,082,976$0$0$24,163,550