Can I retire at age 55 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$77,872$77,178$76,502$75,841$75,196$72,964
2 years$38,551$37,833$37,137$36,462$35,808$33,578
3 years$25,445$24,724$24,030$23,362$22,718$20,560
4 years$18,894$18,175$17,488$16,831$16,203$14,132
5 years$14,964$14,249$13,571$12,928$12,317$10,341
6 years$12,345$11,636$10,967$10,338$9,746$7,865
7 years$10,475$9,772$9,114$8,500$7,926$6,141
8 years$9,073$8,376$7,729$7,130$6,575$4,885
9 years$7,983$7,293$6,657$6,073$5,537$3,939
10 years$7,112$6,428$5,804$5,235$4,718$3,211
11 years$6,399$5,723$5,110$4,556$4,058$2,638
12 years$5,806$5,136$4,535$3,996$3,516$2,182
13 years$5,305$4,642$4,052$3,528$3,066$1,814
14 years$4,875$4,219$3,640$3,132$2,688$1,514
15 years$4,503$3,854$3,287$2,793$2,367$1,268
16 years$4,178$3,536$2,980$2,501$2,092$1,066
17 years$3,891$3,257$2,712$2,247$1,855$897
18 years$3,637$3,009$2,475$2,025$1,649$757
19 years$3,409$2,789$2,266$1,830$1,470$640
20 years$3,205$2,592$2,080$1,657$1,313$541
21 years$3,020$2,414$1,913$1,504$1,175$459
22 years$2,853$2,254$1,763$1,368$1,053$389
23 years$2,700$2,108$1,628$1,245$945$330
24 years$2,560$1,975$1,505$1,136$850$280
25 years$2,431$1,853$1,394$1,037$765$238
26 years$2,313$1,742$1,293$949$689$202
27 years$2,203$1,639$1,201$868$621$172
28 years$2,102$1,545$1,116$795$560$146
29 years$2,007$1,457$1,039$729$506$125
30 years$1,920$1,376$968$669$457$106
31 years$1,837$1,301$902$615$413$90
32 years$1,761$1,231$842$565$374$77
33 years$1,689$1,166$786$520$338$66
34 years$1,621$1,105$734$478$306$56
35 years$1,558$1,048$687$440$277$48
36 years$1,498$995$642$405$251$41
37 years$1,441$945$601$373$228$35
38 years$1,388$898$563$344$207$29
39 years$1,337$854$527$317$187$25
40 years$1,289$812$494$293$170$21
41 years$1,244$773$464$270$154$18
42 years$1,201$736$435$249$140$16
43 years$1,160$702$408$230$127$13
44 years$1,120$669$383$212$115$11
45 years$1,083$638$360$196$105$10
46 years$1,048$608$338$181$95$8
47 years$1,014$581$317$167$86$7
48 years$981$554$298$155$78$6
49 years$950$529$280$143$71$5
50 years$921$506$263$132$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $943,000, adding $6,106 every year, while hoping to spend $23,624 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: 64/16/20 Blend
54$943,000$943,000$943,000$943,000
55$1,045,484$995,505$980,889$1,106,692
56$1,126,988$1,019,149$988,613$1,172,249
57$1,216,013$1,043,160$995,804$1,240,616
58$1,313,302$1,067,531$1,002,419$1,314,755
59$1,419,672$1,092,253$1,008,413$1,395,231
60$1,536,023$1,117,318$1,013,740$1,482,669
61$1,663,346$1,142,714$1,018,348$1,577,753
62$1,802,730$1,168,431$1,022,186$1,681,242
63$1,955,379$1,194,453$1,025,199$1,793,968
64$2,122,613$1,220,768$1,027,329$1,916,850
65$2,305,891$1,247,356$1,028,516$2,050,901
66$2,506,816$1,274,201$1,028,695$2,197,236
67$2,727,156$1,301,282$1,027,801$2,357,085
68$2,968,857$1,328,576$1,025,764$2,531,800
69$3,234,063$1,356,058$1,022,509$2,722,876
70$3,525,135$1,383,703$1,017,961$2,931,957
71$3,844,674$1,411,479$1,012,037$3,160,857
72$4,195,545$1,439,356$1,004,655$3,411,573
73$4,580,904$1,467,298$995,725$3,686,307
74$5,004,229$1,495,268$985,154$3,987,486
75$5,469,349$1,523,225$972,845$4,317,784
76$5,980,483$1,551,124$958,697$4,680,149
77$6,542,282$1,578,918$942,602$5,077,830
78$7,159,865$1,606,556$924,450$5,514,407
79$7,838,875$1,633,981$904,123$5,993,826
80$8,585,528$1,661,134$881,499$6,520,435
81$9,406,674$1,687,951$856,450$7,099,029
82$10,309,856$1,714,363$828,844$7,734,890
83$11,303,391$1,740,295$798,539$8,433,840
84$12,396,436$1,765,669$765,389$9,202,295
85$13,599,085$1,790,400$729,242$10,047,330
86$14,922,458$1,814,396$689,938$10,976,737
87$16,378,807$1,837,560$647,310$11,999,108
88$17,981,634$1,859,788$601,183$13,123,911
89$19,745,812$1,880,970$551,374$14,361,581
90$21,687,733$1,900,985$497,694$15,723,618
91$23,825,458$1,919,709$439,942$17,222,699
92$26,178,886$1,937,006$377,911$18,872,794
93$28,769,945$1,952,733$311,384$20,689,298
94$31,622,798$1,966,735$240,135$22,689,180
95$34,764,069$1,978,851$163,925$24,891,142
96$38,223,096$1,988,907$82,508$27,315,795
97$42,032,206$1,996,717$0$29,985,855
98$46,227,022$2,002,087$0$32,927,291
99$50,846,795$2,004,806$0$36,185,612
100$55,934,781$2,004,655$0$39,773,660