Can I retire at age 55 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$77,707$77,015$76,339$75,680$75,037$72,956
2 years$38,469$37,752$37,058$36,385$35,732$33,652
3 years$25,391$24,672$23,979$23,312$22,670$20,655
4 years$18,854$18,136$17,451$16,795$16,168$14,234
5 years$14,932$14,219$13,542$12,900$12,291$10,442
6 years$12,319$11,611$10,944$10,316$9,725$7,964
7 years$10,453$9,751$9,095$8,482$7,909$6,236
8 years$9,054$8,358$7,713$7,115$6,562$4,975
9 years$7,966$7,277$6,643$6,060$5,526$4,024
10 years$7,097$6,415$5,792$5,224$4,708$3,290
11 years$6,386$5,711$5,099$4,547$4,049$2,712
12 years$5,794$5,125$4,525$3,988$3,509$2,250
13 years$5,293$4,632$4,043$3,521$3,060$1,877
14 years$4,865$4,210$3,633$3,125$2,682$1,573
15 years$4,493$3,846$3,280$2,787$2,362$1,322
16 years$4,169$3,529$2,974$2,496$2,087$1,115
17 years$3,883$3,250$2,706$2,242$1,851$942
18 years$3,629$3,003$2,470$2,021$1,646$798
19 years$3,402$2,783$2,261$1,826$1,467$677
20 years$3,198$2,586$2,075$1,654$1,310$575
21 years$3,014$2,409$1,909$1,501$1,172$489
22 years$2,847$2,249$1,759$1,365$1,051$416
23 years$2,694$2,103$1,624$1,243$943$354
24 years$2,554$1,971$1,502$1,134$848$302
25 years$2,426$1,849$1,391$1,035$763$258
26 years$2,308$1,738$1,290$947$687$220
27 years$2,199$1,636$1,198$866$620$188
28 years$2,097$1,541$1,114$794$559$161
29 years$2,003$1,454$1,037$728$505$137
30 years$1,915$1,373$966$668$456$117
31 years$1,834$1,298$900$614$412$100
32 years$1,757$1,228$840$564$373$86
33 years$1,685$1,163$784$519$338$73
34 years$1,618$1,102$733$477$306$63
35 years$1,554$1,046$685$439$277$54
36 years$1,495$992$641$404$251$46
37 years$1,438$943$600$373$227$39
38 years$1,385$896$562$344$206$34
39 years$1,334$852$526$317$187$29
40 years$1,286$810$493$292$170$25
41 years$1,241$771$463$270$154$21
42 years$1,198$735$434$249$140$18
43 years$1,157$700$407$230$127$15
44 years$1,118$667$382$212$115$13
45 years$1,081$636$359$196$104$11
46 years$1,045$607$337$181$95$10
47 years$1,012$579$317$167$86$8
48 years$979$553$298$154$78$7
49 years$948$528$280$143$71$6
50 years$919$504$263$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $941,000, adding $6,275 every year, while hoping to spend $47,300 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: 41/46/13 Blend
54$941,000$941,000$941,000$941,000
55$1,043,455$993,582$978,996$1,081,985
56$1,099,560$991,940$961,466$1,108,090
57$1,159,803$988,633$941,763$1,131,175
58$1,224,556$983,529$919,764$1,155,125
59$1,294,226$976,488$895,342$1,180,041
60$1,369,263$967,362$868,362$1,206,035
61$1,450,160$955,994$838,684$1,233,236
62$1,537,456$942,218$806,160$1,261,788
63$1,631,747$925,857$770,637$1,291,855
64$1,733,686$906,725$731,954$1,323,619
65$1,843,992$884,623$689,944$1,357,288
66$1,963,452$859,344$644,430$1,393,093
67$2,092,936$830,663$595,231$1,431,295
68$2,233,398$798,348$542,153$1,472,187
69$2,385,886$762,148$484,997$1,516,095
70$2,551,556$721,803$423,553$1,563,388
71$2,731,676$677,033$357,604$1,614,474
72$2,927,645$627,546$286,922$1,669,814
73$3,140,999$573,029$211,268$1,729,920
74$3,373,429$513,156$130,393$1,795,363
75$3,626,796$447,578$44,039$1,866,784
76$3,903,149$375,929$0$1,944,894
77$4,204,742$297,822$0$2,037,161
78$4,534,057$212,846$0$2,144,749
79$4,893,826$120,570$0$2,262,567
80$5,287,056$20,538$0$2,391,754
81$5,717,058$0$0$2,533,573
82$6,187,478$0$0$2,733,836
83$6,702,331$0$0$2,964,510
84$7,266,035$0$0$3,217,195
85$7,883,460$0$0$3,494,089
86$8,559,966$0$0$3,797,612
87$9,301,455$0$0$4,130,428
88$10,114,430$0$0$4,495,473
89$11,006,051$0$0$4,895,981
90$11,984,206$0$0$5,335,513
91$13,057,583$0$0$5,817,991
92$14,235,750$0$0$6,347,738
93$15,529,248$0$0$6,929,512
94$16,949,689$0$0$7,568,558
95$18,509,864$0$0$8,270,652
96$20,223,862$0$0$9,042,158
97$22,107,207$0$0$9,890,086
98$24,176,999$0$0$10,822,160
99$26,452,078$0$0$11,846,889
100$28,953,199$0$0$12,973,648