Can I retire at age 55 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$77,542$76,851$76,177$75,519$74,877$73,246
2 years$38,387$37,672$36,979$36,307$35,656$34,020
3 years$25,337$24,619$23,928$23,263$22,622$21,033
4 years$18,813$18,098$17,413$16,759$16,134$14,605
5 years$14,900$14,189$13,514$12,873$12,265$10,799
6 years$12,292$11,586$10,921$10,294$9,705$8,304
7 years$10,430$9,730$9,075$8,464$7,892$6,557
8 years$9,034$8,340$7,697$7,100$6,548$5,278
9 years$7,949$7,262$6,629$6,048$5,514$4,308
10 years$7,082$6,401$5,779$5,213$4,698$3,555
11 years$6,372$5,698$5,088$4,537$4,041$2,959
12 years$5,781$5,115$4,516$3,979$3,502$2,479
13 years$5,282$4,622$4,034$3,513$3,053$2,089
14 years$4,854$4,201$3,625$3,119$2,677$1,768
15 years$4,484$3,838$3,273$2,781$2,357$1,502
16 years$4,160$3,521$2,967$2,490$2,083$1,280
17 years$3,875$3,243$2,700$2,238$1,847$1,093
18 years$3,621$2,997$2,465$2,017$1,642$936
19 years$3,395$2,777$2,256$1,822$1,464$803
20 years$3,191$2,581$2,071$1,650$1,307$690
21 years$3,007$2,404$1,905$1,498$1,170$594
22 years$2,840$2,244$1,756$1,362$1,049$511
23 years$2,688$2,099$1,621$1,240$941$441
24 years$2,549$1,966$1,499$1,131$846$380
25 years$2,421$1,845$1,388$1,033$761$328
26 years$2,303$1,734$1,288$945$686$284
27 years$2,194$1,632$1,196$865$618$245
28 years$2,093$1,538$1,112$792$558$212
29 years$1,999$1,451$1,034$726$504$183
30 years$1,911$1,370$964$667$455$159
31 years$1,830$1,295$898$612$412$137
32 years$1,753$1,226$838$563$372$119
33 years$1,682$1,161$783$517$337$103
34 years$1,614$1,100$731$476$305$89
35 years$1,551$1,043$684$438$276$77
36 years$1,491$990$639$404$250$67
37 years$1,435$941$599$372$227$58
38 years$1,382$894$561$343$206$50
39 years$1,331$850$525$316$187$44
40 years$1,284$809$492$292$169$38
41 years$1,238$770$462$269$153$33
42 years$1,195$733$433$248$139$28
43 years$1,155$699$406$229$126$25
44 years$1,116$666$381$212$115$21
45 years$1,079$635$358$195$104$19
46 years$1,043$606$336$180$95$16
47 years$1,009$578$316$167$86$14
48 years$977$552$297$154$78$12
49 years$946$527$279$142$71$10
50 years$917$503$262$132$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $939,000, adding $5,969 every year, while hoping to spend $33,656 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: 42/45/13 Blend
54$939,000$939,000$939,000$939,000
55$1,040,935$991,168$976,614$1,080,454
56$1,111,301$1,003,926$973,520$1,121,534
57$1,187,716$1,016,180$969,196$1,162,184
58$1,270,761$1,027,872$963,562$1,205,464
59$1,361,078$1,038,936$956,540$1,251,628
60$1,459,368$1,049,304$948,045$1,300,960
61$1,566,407$1,058,904$937,988$1,353,770
62$1,683,047$1,067,656$926,277$1,410,405
63$1,810,225$1,075,479$912,815$1,471,247
64$1,948,974$1,082,284$897,500$1,536,717
65$2,100,430$1,087,976$880,227$1,607,283
66$2,265,843$1,092,456$860,884$1,683,462
67$2,446,591$1,095,618$839,354$1,765,826
68$2,644,187$1,097,348$815,517$1,855,005
69$2,860,302$1,097,525$789,245$1,951,699
70$3,096,773$1,096,024$760,404$2,056,680
71$3,355,622$1,092,707$728,856$2,170,803
72$3,639,078$1,087,432$694,455$2,295,010
73$3,949,593$1,080,046$657,049$2,430,344
74$4,289,870$1,070,387$616,478$2,577,960
75$4,662,884$1,058,283$572,577$2,739,130
76$5,071,911$1,043,552$525,172$2,915,262
77$5,520,562$1,026,002$474,082$3,107,913
78$6,012,812$1,005,429$419,116$3,318,799
79$6,553,040$981,616$360,077$3,549,819
80$7,146,069$954,334$296,759$3,803,071
81$7,797,213$923,340$228,945$4,080,869
82$8,512,323$888,379$156,409$4,385,771
83$9,297,849$849,178$78,918$4,720,603
84$10,160,892$805,451$0$5,088,482
85$11,109,278$756,892$0$5,493,378
86$12,151,626$703,182$0$5,950,283
87$13,297,433$643,979$0$6,452,476
88$14,557,162$578,925$0$7,004,628
89$15,942,341$507,641$0$7,611,897
90$17,465,669$429,724$0$8,279,969
91$19,141,138$344,752$0$9,015,121
92$20,984,165$252,276$0$9,824,277
93$23,011,736$151,824$0$10,715,075
94$25,242,566$42,895$0$11,695,941
95$27,697,275$0$0$12,776,171
96$30,398,582$0$0$14,003,172
97$33,371,523$0$0$15,377,073
98$36,643,682$0$0$16,889,398
99$40,245,450$0$0$18,554,211
100$44,210,319$0$0$20,387,011