Can I retire at age 55 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$77,129$76,442$75,772$75,117$74,478$72,443
2 years$38,183$37,471$36,782$36,114$35,466$33,430
3 years$25,202$24,488$23,801$23,139$22,501$20,529
4 years$18,713$18,001$17,321$16,670$16,048$14,154
5 years$14,821$14,113$13,442$12,804$12,199$10,389
6 years$12,227$11,525$10,863$10,240$9,653$7,928
7 years$10,375$9,678$9,027$8,419$7,850$6,211
8 years$8,986$8,296$7,656$7,062$6,513$4,958
9 years$7,907$7,223$6,594$6,015$5,485$4,013
10 years$7,044$6,367$5,749$5,185$4,673$3,283
11 years$6,338$5,668$5,061$4,513$4,019$2,708
12 years$5,751$5,087$4,492$3,958$3,483$2,249
13 years$5,254$4,597$4,013$3,495$3,037$1,877
14 years$4,828$4,179$3,606$3,102$2,662$1,573
15 years$4,460$3,818$3,255$2,767$2,344$1,324
16 years$4,138$3,503$2,951$2,477$2,072$1,117
17 years$3,854$3,226$2,686$2,226$1,837$944
18 years$3,602$2,981$2,452$2,006$1,633$800
19 years$3,377$2,763$2,244$1,812$1,456$679
20 years$3,174$2,567$2,060$1,641$1,300$577
21 years$2,991$2,391$1,895$1,490$1,164$491
22 years$2,825$2,232$1,746$1,355$1,043$419
23 years$2,674$2,088$1,612$1,234$936$357
24 years$2,535$1,956$1,491$1,125$842$305
25 years$2,408$1,836$1,381$1,028$757$260
26 years$2,291$1,725$1,281$940$682$222
27 years$2,182$1,624$1,189$860$615$190
28 years$2,082$1,530$1,106$788$555$162
29 years$1,988$1,443$1,029$723$501$139
30 years$1,901$1,363$958$663$453$119
31 years$1,820$1,288$894$609$409$102
32 years$1,744$1,219$834$560$370$87
33 years$1,673$1,155$778$515$335$74
34 years$1,606$1,094$727$474$303$64
35 years$1,543$1,038$680$436$275$55
36 years$1,483$985$636$401$249$47
37 years$1,427$936$595$370$226$40
38 years$1,374$889$558$341$205$34
39 years$1,324$846$522$314$186$29
40 years$1,277$804$490$290$168$25
41 years$1,232$766$459$268$153$22
42 years$1,189$729$431$247$139$18
43 years$1,148$695$404$228$126$16
44 years$1,110$662$379$210$114$14
45 years$1,073$632$356$194$104$12
46 years$1,038$603$335$180$94$10
47 years$1,004$575$314$166$85$9
48 years$972$549$295$153$78$7
49 years$941$524$278$142$70$6
50 years$912$501$261$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $934,000, adding $4,716 every year, while hoping to spend $51,490 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: 63/13/24 Blend
54$934,000$934,000$934,000$934,000
55$1,034,133$984,631$970,154$1,092,485
56$1,084,829$978,092$947,869$1,125,955
57$1,138,971$969,508$923,112$1,156,368
58$1,196,855$958,723$895,745$1,188,436
59$1,258,808$945,574$865,626$1,222,328
60$1,325,185$929,886$832,603$1,258,230
61$1,396,379$911,476$796,521$1,296,350
62$1,472,820$890,149$757,214$1,336,921
63$1,554,979$865,697$714,513$1,380,198
64$1,643,375$837,904$668,236$1,426,467
65$1,738,575$806,537$618,198$1,476,046
66$1,841,203$771,351$564,202$1,529,285
67$1,951,947$732,089$506,044$1,586,575
68$2,071,560$688,475$443,510$1,648,350
69$2,200,869$640,220$376,377$1,715,089
70$2,340,784$587,018$304,413$1,787,325
71$2,492,308$528,545$227,374$1,865,648
72$2,656,538$464,459$145,006$1,950,713
73$2,834,686$394,398$57,045$2,043,245
74$3,028,081$317,981$0$2,144,046
75$3,238,186$234,803$0$2,263,436
76$3,466,611$144,438$0$2,409,173
77$3,715,126$46,437$0$2,567,799
78$3,985,680$0$0$2,740,603
79$4,280,417$0$0$2,937,539
80$4,601,694$0$0$3,159,513
81$4,952,110$0$0$3,401,682
82$5,334,520$0$0$3,666,028
83$5,752,071$0$0$3,954,735
84$6,208,226$0$0$4,270,206
85$6,706,795$0$0$4,615,086
86$7,251,977$0$0$4,992,287
87$7,848,391$0$0$5,405,015
88$8,501,126$0$0$5,856,803
89$9,215,784$0$0$6,351,538
90$9,998,536$0$0$6,893,503
91$10,856,174$0$0$7,487,412
92$11,796,181$0$0$8,138,460
93$12,826,799$0$0$8,852,365
94$13,957,103$0$0$9,635,427
95$15,197,089$0$0$10,494,586
96$16,557,771$0$0$11,437,484
97$18,051,274$0$0$12,472,539
98$19,690,961$0$0$13,609,026
99$21,491,546$0$0$14,857,160
100$23,469,243$0$0$16,228,194