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%12.1%
1 years$78,037$77,342$76,664$76,002$75,356$74,693
2 years$38,632$37,913$37,215$36,539$35,884$35,216
3 years$25,499$24,776$24,081$23,411$22,766$22,114
4 years$18,934$18,213$17,525$16,866$16,237$15,605
5 years$14,996$14,279$13,600$12,955$12,343$11,734
6 years$12,371$11,660$10,991$10,360$9,767$9,181
7 years$10,497$9,792$9,133$8,518$7,943$7,381
8 years$9,092$8,394$7,746$7,145$6,589$6,051
9 years$8,000$7,308$6,671$6,086$5,549$5,034
10 years$7,127$6,442$5,816$5,246$4,728$4,236
11 years$6,413$5,735$5,121$4,566$4,066$3,597
12 years$5,818$5,147$4,544$4,005$3,524$3,076
13 years$5,316$4,652$4,060$3,536$3,073$2,647
14 years$4,885$4,228$3,648$3,139$2,694$2,289
15 years$4,513$3,863$3,294$2,799$2,372$1,988
16 years$4,187$3,544$2,986$2,506$2,096$1,732
17 years$3,900$3,264$2,717$2,252$1,859$1,514
18 years$3,645$3,016$2,481$2,029$1,653$1,326
19 years$3,417$2,795$2,271$1,834$1,473$1,165
20 years$3,212$2,597$2,084$1,661$1,316$1,025
21 years$3,027$2,419$1,917$1,507$1,177$903
22 years$2,859$2,258$1,767$1,370$1,055$797
23 years$2,705$2,112$1,631$1,248$947$704
24 years$2,565$1,979$1,509$1,138$852$623
25 years$2,436$1,857$1,397$1,040$766$552
26 years$2,318$1,745$1,296$951$690$489
27 years$2,208$1,643$1,203$870$622$434
28 years$2,106$1,548$1,119$797$561$385
29 years$2,012$1,460$1,041$731$507$342
30 years$1,924$1,379$970$671$458$304
31 years$1,841$1,304$904$616$414$270
32 years$1,764$1,233$843$566$375$240
33 years$1,692$1,168$788$521$339$213
34 years$1,625$1,107$736$479$307$190
35 years$1,561$1,050$688$441$278$169
36 years$1,501$997$644$406$252$150
37 years$1,444$947$602$374$228$134
38 years$1,391$900$564$345$207$119
39 years$1,340$855$529$318$188$106
40 years$1,292$814$495$293$170$95
41 years$1,246$775$464$271$154$84
42 years$1,203$738$436$250$140$75
43 years$1,162$703$409$231$127$67
44 years$1,123$670$384$213$115$60
45 years$1,085$639$360$197$105$53
46 years$1,050$610$338$182$95$47
47 years$1,016$582$318$168$86$42
48 years$983$555$299$155$78$38
49 years$952$530$281$143$71$34
50 years$923$507$264$132$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $945,000, adding $2,878 every year, while hoping to spend $52,858 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: 30/48/22 Blend
54$945,000$945,000$945,000$945,000
55$1,044,359$994,274$979,626$1,068,457
56$1,094,643$986,753$956,203$1,079,609
57$1,148,284$977,091$930,224$1,086,680
58$1,205,570$965,129$901,547$1,093,188
59$1,266,813$950,696$870,024$1,099,116
60$1,332,360$933,612$835,501$1,104,453
61$1,402,586$913,684$797,816$1,109,191
62$1,477,907$890,712$756,800$1,113,326
63$1,558,776$864,480$712,276$1,116,861
64$1,645,694$834,761$664,059$1,119,805
65$1,739,206$801,316$611,957$1,122,172
66$1,839,914$763,890$555,767$1,123,990
67$1,948,479$722,214$495,279$1,125,293
68$2,065,626$676,005$430,273$1,126,127
69$2,192,152$624,961$360,518$1,126,552
70$2,328,931$568,764$285,776$1,126,644
71$2,476,928$507,079$205,795$1,126,495
72$2,637,199$439,550$120,313$1,126,216
73$2,810,908$365,803$29,059$1,125,941
74$2,999,334$285,440$0$1,125,829
75$3,203,883$198,044$0$1,142,105
76$3,426,102$103,172$0$1,167,271
77$3,667,694$357$0$1,194,826
78$3,930,530$0$0$1,225,139
79$4,216,671$0$0$1,317,202
80$4,528,383$0$0$1,417,834
81$4,868,160$0$0$1,527,668
82$5,238,747$0$0$1,647,609
83$5,643,167$0$0$1,778,654
84$6,084,744$0$0$1,921,900
85$6,567,141$0$0$2,078,554
86$7,094,387$0$0$2,249,946
87$7,670,920$0$0$2,437,541
88$8,301,626$0$0$2,642,951
89$8,991,885$0$0$2,867,951
90$9,747,620$0$0$3,114,497
91$10,575,355$0$0$3,384,742
92$11,482,274$0$0$3,681,058
93$12,476,287$0$0$4,006,057
94$13,566,109$0$0$4,362,617
95$14,761,336$0$0$4,753,905
96$16,072,538$0$0$5,183,413
97$17,511,356$0$0$5,654,986
98$19,090,616$0$0$6,172,860
99$20,824,444$0$0$6,741,701
100$22,728,399$0$0$7,366,648