Can I retire at age 55 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$78,368$77,669$76,988$76,324$75,675$74,636
2 years$38,796$38,073$37,373$36,694$36,036$34,991
3 years$25,607$24,881$24,183$23,510$22,862$21,845
4 years$19,014$18,290$17,599$16,938$16,306$15,322
5 years$15,059$14,340$13,657$13,010$12,395$11,449
6 years$12,423$11,710$11,037$10,404$9,808$8,900
7 years$10,541$9,834$9,172$8,554$7,977$7,107
8 years$9,131$8,429$7,779$7,176$6,617$5,787
9 years$8,034$7,339$6,700$6,112$5,573$4,780
10 years$7,157$6,469$5,841$5,269$4,748$3,993
11 years$6,440$5,759$5,142$4,585$4,084$3,366
12 years$5,843$5,169$4,564$4,022$3,539$2,857
13 years$5,338$4,671$4,077$3,551$3,086$2,439
14 years$4,906$4,246$3,663$3,152$2,705$2,092
15 years$4,532$3,879$3,308$2,811$2,382$1,802
16 years$4,204$3,559$2,999$2,517$2,105$1,557
17 years$3,916$3,278$2,729$2,261$1,866$1,350
18 years$3,660$3,029$2,491$2,038$1,660$1,173
19 years$3,431$2,807$2,280$1,842$1,479$1,021
20 years$3,225$2,608$2,093$1,668$1,321$890
21 years$3,039$2,430$1,925$1,514$1,182$778
22 years$2,871$2,268$1,774$1,376$1,060$680
23 years$2,717$2,121$1,638$1,253$951$595
24 years$2,576$1,987$1,515$1,143$855$522
25 years$2,447$1,865$1,403$1,044$769$458
26 years$2,327$1,753$1,301$955$693$402
27 years$2,217$1,650$1,209$874$625$353
28 years$2,115$1,554$1,123$801$564$310
29 years$2,020$1,466$1,045$734$509$273
30 years$1,932$1,385$974$674$460$240
31 years$1,849$1,309$908$619$416$211
32 years$1,772$1,239$847$569$376$186
33 years$1,700$1,173$791$523$340$164
34 years$1,632$1,112$739$481$308$144
35 years$1,568$1,055$691$443$279$127
36 years$1,507$1,001$646$408$253$112
37 years$1,450$951$605$376$229$99
38 years$1,397$903$566$346$208$87
39 years$1,346$859$531$319$189$77
40 years$1,297$817$497$295$171$68
41 years$1,252$778$466$272$155$60
42 years$1,208$741$438$251$141$53
43 years$1,167$706$411$232$128$46
44 years$1,128$673$385$214$116$41
45 years$1,090$642$362$197$105$36
46 years$1,054$612$340$182$96$32
47 years$1,020$584$319$169$87$28
48 years$988$558$300$156$79$25
49 years$956$533$282$144$72$22
50 years$927$509$265$133$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $949,000, adding $6,869 every year, while hoping to spend $34,612 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: 52/27/21 Blend
54$949,000$949,000$949,000$949,000
55$1,052,883$1,002,586$987,877$1,101,191
56$1,123,451$1,014,886$984,144$1,147,522
57$1,200,056$1,026,629$979,126$1,193,741
58$1,283,278$1,037,750$972,743$1,243,283
59$1,373,754$1,048,182$964,912$1,296,475
60$1,472,186$1,057,852$955,546$1,353,680
61$1,579,345$1,066,682$944,552$1,415,298
62$1,696,079$1,074,591$931,836$1,481,770
63$1,823,323$1,081,490$917,296$1,553,587
64$1,962,105$1,087,285$900,828$1,631,287
65$2,113,555$1,091,878$882,321$1,715,468
66$2,278,920$1,095,162$861,661$1,806,787
67$2,459,570$1,097,025$838,727$1,905,973
68$2,657,015$1,097,348$813,393$2,013,829
69$2,872,916$1,096,004$785,528$2,131,244
70$3,109,103$1,092,858$754,992$2,259,198
71$3,367,590$1,087,766$721,643$2,398,772
72$3,650,596$1,080,578$685,330$2,551,164
73$3,960,563$1,071,133$645,895$2,717,693
74$4,300,181$1,059,259$603,173$2,899,817
75$4,672,413$1,044,776$556,992$3,099,145
76$5,080,521$1,027,492$507,174$3,317,453
77$5,528,099$1,007,205$453,529$3,556,702
78$6,019,105$983,698$395,863$3,819,058
79$6,557,899$956,744$333,969$4,106,909
80$7,149,283$926,102$267,635$4,422,894
81$7,798,545$891,517$196,636$4,769,921
82$8,511,514$852,718$120,740$5,151,204
83$9,294,607$809,420$39,704$5,570,287
84$10,154,895$761,320$0$6,031,082
85$11,100,168$708,099$0$6,548,384
86$12,139,008$649,418$0$7,126,651
87$13,280,868$584,921$0$7,762,292
88$14,536,164$514,229$0$8,461,168
89$15,916,370$436,944$0$9,229,742
90$17,434,129$352,643$0$10,075,139
91$19,103,370$260,882$0$11,005,212
92$20,939,438$161,190$0$12,028,623
93$22,959,242$53,070$0$13,154,920
94$25,181,412$0$0$14,394,628
95$27,626,473$0$0$15,778,369
96$30,317,042$0$0$17,318,513
97$33,278,039$0$0$19,013,570
98$36,536,919$0$0$20,879,272
99$40,123,938$0$0$22,932,955
100$44,072,431$0$0$25,193,720