Can I retire at age 55 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$78,037$77,342$76,664$76,002$75,356$72,337
2 years$38,632$37,913$37,215$36,539$35,884$32,881
3 years$25,499$24,776$24,081$23,411$22,766$19,873
4 years$18,934$18,213$17,525$16,866$16,237$13,476
5 years$14,996$14,279$13,600$12,955$12,343$9,721
6 years$12,371$11,660$10,991$10,360$9,767$7,285
7 years$10,497$9,792$9,133$8,518$7,943$5,601
8 years$9,092$8,394$7,746$7,145$6,589$4,384
9 years$8,000$7,308$6,671$6,086$5,549$3,478
10 years$7,127$6,442$5,816$5,246$4,728$2,787
11 years$6,413$5,735$5,121$4,566$4,066$2,250
12 years$5,818$5,147$4,544$4,005$3,524$1,828
13 years$5,316$4,652$4,060$3,536$3,073$1,492
14 years$4,885$4,228$3,648$3,139$2,694$1,222
15 years$4,513$3,863$3,294$2,799$2,372$1,004
16 years$4,187$3,544$2,986$2,506$2,096$827
17 years$3,900$3,264$2,717$2,252$1,859$683
18 years$3,645$3,016$2,481$2,029$1,653$565
19 years$3,417$2,795$2,271$1,834$1,473$467
20 years$3,212$2,597$2,084$1,661$1,316$387
21 years$3,027$2,419$1,917$1,507$1,177$321
22 years$2,859$2,258$1,767$1,370$1,055$267
23 years$2,705$2,112$1,631$1,248$947$222
24 years$2,565$1,979$1,509$1,138$852$184
25 years$2,436$1,857$1,397$1,040$766$153
26 years$2,318$1,745$1,296$951$690$127
27 years$2,208$1,643$1,203$870$622$106
28 years$2,106$1,548$1,119$797$561$88
29 years$2,012$1,460$1,041$731$507$74
30 years$1,924$1,379$970$671$458$61
31 years$1,841$1,304$904$616$414$51
32 years$1,764$1,233$843$566$375$42
33 years$1,692$1,168$788$521$339$35
34 years$1,625$1,107$736$479$307$29
35 years$1,561$1,050$688$441$278$25
36 years$1,501$997$644$406$252$20
37 years$1,444$947$602$374$228$17
38 years$1,391$900$564$345$207$14
39 years$1,340$855$529$318$188$12
40 years$1,292$814$495$293$170$10
41 years$1,246$775$464$271$154$8
42 years$1,203$738$436$250$140$7
43 years$1,162$703$409$231$127$6
44 years$1,123$670$384$213$115$5
45 years$1,085$639$360$197$105$4
46 years$1,050$610$338$182$95$3
47 years$1,016$582$318$168$86$3
48 years$983$555$299$155$78$2
49 years$952$530$281$143$71$2
50 years$923$507$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $945,000, adding $4,116 every year, while hoping to spend $20,229 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: 38/32/30 Blend
54$945,000$945,000$945,000$945,000
55$1,045,636$995,551$980,903$1,075,912
56$1,130,767$1,022,809$992,240$1,125,889
57$1,223,904$1,050,725$1,003,278$1,177,728
58$1,325,841$1,079,310$1,013,987$1,233,376
59$1,437,455$1,108,574$1,024,334$1,293,193
60$1,559,709$1,138,528$1,034,283$1,357,575
61$1,693,665$1,169,182$1,043,797$1,426,960
62$1,840,493$1,200,546$1,052,839$1,501,829
63$2,001,482$1,232,631$1,061,367$1,582,711
64$2,178,048$1,265,445$1,069,338$1,670,191
65$2,371,755$1,298,998$1,076,707$1,764,912
66$2,584,325$1,333,299$1,083,427$1,867,583
67$2,817,651$1,368,357$1,089,448$1,978,985
68$3,073,824$1,404,178$1,094,716$2,099,980
69$3,355,142$1,440,771$1,099,178$2,231,515
70$3,664,141$1,478,143$1,102,774$2,374,636
71$4,003,610$1,516,299$1,105,444$2,530,496
72$4,376,626$1,555,245$1,107,124$2,700,364
73$4,786,575$1,594,986$1,107,746$2,885,639
74$5,237,191$1,635,525$1,107,241$3,087,865
75$5,732,585$1,676,866$1,105,534$3,308,741
76$6,277,287$1,719,011$1,102,547$3,550,140
77$6,876,287$1,761,960$1,098,200$3,814,128
78$7,535,086$1,805,713$1,092,407$4,102,981
79$8,259,740$1,850,269$1,085,078$4,419,208
80$9,056,926$1,895,624$1,076,120$4,765,574
81$9,933,997$1,941,774$1,065,435$5,145,127
82$10,899,057$1,988,714$1,052,920$5,561,227
83$11,961,035$2,036,435$1,038,467$6,017,577
84$13,129,769$2,084,928$1,021,963$6,518,258
85$14,416,097$2,134,182$1,003,291$7,067,769
86$15,831,965$2,184,182$982,327$7,671,070
87$17,390,532$2,234,913$958,941$8,333,625
88$19,106,299$2,286,357$932,999$9,061,459
89$20,995,246$2,338,493$904,358$9,861,213
90$23,074,978$2,391,296$872,871$10,740,206
91$25,364,897$2,444,741$838,384$11,706,506
92$27,886,380$2,498,797$800,733$12,769,003
93$30,662,984$2,553,431$759,751$13,937,500
94$33,720,665$2,608,606$715,260$15,222,800
95$37,088,027$2,664,282$667,075$16,636,807
96$40,796,587$2,720,413$615,003$18,192,648
97$44,881,076$2,776,950$558,843$19,904,786
98$49,379,765$2,833,840$498,383$21,789,164
99$54,334,826$2,891,023$433,404$23,863,354
100$59,792,730$2,948,435$363,675$26,146,725