Can I retire at age 55 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$78,202$77,506$76,826$76,163$75,515$73,127
2 years$38,714$37,993$37,294$36,617$35,960$33,575
3 years$25,553$24,829$24,132$23,461$22,814$20,509
4 years$18,974$18,252$17,562$16,902$16,271$14,062
5 years$15,027$14,310$13,629$12,982$12,369$10,262
6 years$12,397$11,685$11,014$10,382$9,787$7,784
7 years$10,519$9,813$9,153$8,536$7,960$6,060
8 years$9,111$8,412$7,762$7,160$6,603$4,806
9 years$8,017$7,324$6,686$6,099$5,561$3,865
10 years$7,142$6,456$5,829$5,257$4,738$3,140
11 years$6,427$5,747$5,131$4,576$4,075$2,572
12 years$5,831$5,158$4,554$4,013$3,531$2,120
13 years$5,327$4,661$4,069$3,543$3,079$1,756
14 years$4,896$4,237$3,656$3,145$2,699$1,461
15 years$4,522$3,871$3,301$2,805$2,377$1,220
16 years$4,196$3,551$2,993$2,512$2,101$1,021
17 years$3,908$3,271$2,723$2,257$1,863$856
18 years$3,652$3,022$2,486$2,034$1,656$720
19 years$3,424$2,801$2,276$1,838$1,476$606
20 years$3,219$2,603$2,088$1,664$1,318$511
21 years$3,033$2,424$1,921$1,510$1,180$431
22 years$2,865$2,263$1,771$1,373$1,058$364
23 years$2,711$2,117$1,635$1,251$949$308
24 years$2,571$1,983$1,512$1,141$853$260
25 years$2,442$1,861$1,400$1,042$768$220
26 years$2,323$1,749$1,299$953$692$187
27 years$2,213$1,646$1,206$872$624$158
28 years$2,111$1,551$1,121$799$563$134
29 years$2,016$1,463$1,043$733$508$114
30 years$1,928$1,382$972$672$459$96
31 years$1,845$1,306$906$617$415$82
32 years$1,768$1,236$845$567$375$69
33 years$1,696$1,171$789$522$340$59
34 years$1,628$1,109$737$480$308$50
35 years$1,564$1,052$689$442$279$42
36 years$1,504$999$645$407$252$36
37 years$1,447$949$604$375$229$30
38 years$1,394$902$565$346$207$26
39 years$1,343$857$530$319$188$22
40 years$1,295$816$496$294$171$19
41 years$1,249$776$465$271$155$16
42 years$1,206$739$437$250$140$13
43 years$1,164$705$410$231$127$11
44 years$1,125$672$385$213$116$10
45 years$1,088$640$361$197$105$8
46 years$1,052$611$339$182$95$7
47 years$1,018$583$319$168$87$6
48 years$985$557$299$155$79$5
49 years$954$531$281$144$71$4
50 years$925$508$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $947,000, adding $6,507 every year, while hoping to spend $48,387 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: 59/21/20 Blend
54$947,000$947,000$947,000$947,000
55$1,050,306$1,000,115$985,436$1,106,375
56$1,105,954$997,637$966,965$1,142,683
57$1,165,656$993,416$946,253$1,176,415
58$1,229,775$987,316$923,175$1,212,118
59$1,298,709$979,191$897,598$1,249,994
60$1,372,894$968,888$869,384$1,290,264
61$1,452,809$956,244$838,389$1,333,173
62$1,538,983$941,087$804,462$1,378,996
63$1,631,993$923,234$767,445$1,428,036
64$1,732,475$902,491$727,174$1,480,629
65$1,841,128$878,654$683,474$1,537,149
66$1,958,719$851,504$636,167$1,598,011
67$2,086,093$820,813$585,063$1,663,674
68$2,224,179$786,336$529,967$1,734,647
69$2,373,996$747,818$470,672$1,811,495
70$2,536,667$704,985$406,963$1,894,844
71$2,713,428$657,549$338,617$1,985,387
72$2,905,636$605,207$265,399$2,083,891
73$3,114,785$547,637$187,064$2,191,207
74$3,342,520$484,498$103,357$2,308,277
75$3,590,649$415,431$14,012$2,436,142
76$3,861,165$340,056$0$2,575,956
77$4,156,257$257,973$0$2,746,353
78$4,478,338$168,756$0$2,935,708
79$4,830,064$71,960$0$3,142,654
80$5,214,355$0$0$3,368,987
81$5,634,431$0$0$3,624,288
82$6,093,832$0$0$3,921,750
83$6,596,461$0$0$4,247,279
84$7,146,611$0$0$4,603,665
85$7,749,012$0$0$4,993,981
86$8,408,871$0$0$5,421,614
87$9,131,923$0$0$5,890,290
88$9,924,486$0$0$6,404,114
89$10,793,515$0$0$6,967,609
90$11,746,671$0$0$7,585,754
91$12,792,395$0$0$8,264,034
92$13,939,980$0$0$9,008,491
93$15,199,666$0$0$9,825,781
94$16,582,732$0$0$10,723,235
95$18,101,600$0$0$11,708,929
96$19,769,956$0$0$12,791,760
97$21,602,878$0$0$13,981,527
98$23,616,973$0$0$15,289,029
99$25,830,541$0$0$16,726,159
100$28,263,738$0$0$18,306,022