Can I retire at age 55 with 949,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$78,368$77,669$76,988$76,324$75,675$74,482
2 years$38,796$38,073$37,373$36,694$36,036$34,837
3 years$25,607$24,881$24,183$23,510$22,862$21,696
4 years$19,014$18,290$17,599$16,938$16,306$15,179
5 years$15,059$14,340$13,657$13,010$12,395$11,313
6 years$12,423$11,710$11,037$10,404$9,808$8,770
7 years$10,541$9,834$9,172$8,554$7,977$6,984
8 years$9,131$8,429$7,779$7,176$6,617$5,670
9 years$8,034$7,339$6,700$6,112$5,573$4,670
10 years$7,157$6,469$5,841$5,269$4,748$3,889
11 years$6,440$5,759$5,142$4,585$4,084$3,268
12 years$5,843$5,169$4,564$4,022$3,539$2,765
13 years$5,338$4,671$4,077$3,551$3,086$2,353
14 years$4,906$4,246$3,663$3,152$2,705$2,012
15 years$4,532$3,879$3,308$2,811$2,382$1,727
16 years$4,204$3,559$2,999$2,517$2,105$1,487
17 years$3,916$3,278$2,729$2,261$1,866$1,284
18 years$3,660$3,029$2,491$2,038$1,660$1,112
19 years$3,431$2,807$2,280$1,842$1,479$964
20 years$3,225$2,608$2,093$1,668$1,321$838
21 years$3,039$2,430$1,925$1,514$1,182$729
22 years$2,871$2,268$1,774$1,376$1,060$635
23 years$2,717$2,121$1,638$1,253$951$554
24 years$2,576$1,987$1,515$1,143$855$484
25 years$2,447$1,865$1,403$1,044$769$423
26 years$2,327$1,753$1,301$955$693$369
27 years$2,217$1,650$1,209$874$625$323
28 years$2,115$1,554$1,123$801$564$283
29 years$2,020$1,466$1,045$734$509$248
30 years$1,932$1,385$974$674$460$217
31 years$1,849$1,309$908$619$416$190
32 years$1,772$1,239$847$569$376$167
33 years$1,700$1,173$791$523$340$146
34 years$1,632$1,112$739$481$308$128
35 years$1,568$1,055$691$443$279$113
36 years$1,507$1,001$646$408$253$99
37 years$1,450$951$605$376$229$87
38 years$1,397$903$566$346$208$76
39 years$1,346$859$531$319$189$67
40 years$1,297$817$497$295$171$59
41 years$1,252$778$466$272$155$52
42 years$1,208$741$438$251$141$45
43 years$1,167$706$411$232$128$40
44 years$1,128$673$385$214$116$35
45 years$1,090$642$362$197$105$31
46 years$1,054$612$340$182$96$27
47 years$1,020$584$319$169$87$24
48 years$988$558$300$156$79$21
49 years$956$533$282$144$72$18
50 years$927$509$265$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $949,000, adding $5,640 every year, while hoping to spend $50,889 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: 56/34/10 Blend
54$949,000$949,000$949,000$949,000
55$1,051,616$1,001,319$986,609$1,107,621
56$1,104,735$996,238$965,515$1,141,034
57$1,161,567$989,202$942,009$1,171,299
58$1,222,436$980,063$915,956$1,203,047
59$1,287,700$968,661$887,215$1,236,425
60$1,357,748$954,828$855,640$1,271,601
61$1,433,010$938,387$821,076$1,308,759
62$1,513,958$919,148$783,362$1,348,108
63$1,601,108$896,913$742,331$1,389,877
64$1,695,028$871,468$697,806$1,434,324
65$1,796,341$842,591$649,603$1,481,734
66$1,905,735$810,044$597,531$1,532,427
67$2,023,960$773,577$541,389$1,586,757
68$2,151,845$732,924$480,967$1,645,119
69$2,290,301$687,804$416,047$1,707,951
70$2,440,326$637,921$346,399$1,775,742
71$2,603,020$582,960$271,784$1,849,033
72$2,779,594$522,591$191,955$1,928,428
73$2,971,376$456,462$106,649$2,014,595
74$3,179,831$384,203$15,596$2,108,278
75$3,406,568$305,423$0$2,210,300
76$3,653,357$219,708$0$2,330,281
77$3,922,147$126,621$0$2,462,873
78$4,215,082$25,702$0$2,607,569
79$4,534,522$0$0$2,765,653
80$4,883,065$0$0$2,969,797
81$5,263,568$0$0$3,203,238
82$5,679,180$0$0$3,458,303
83$6,133,364$0$0$3,737,126
84$6,629,934$0$0$4,042,061
85$7,173,089$0$0$4,375,696
86$7,767,454$0$0$4,740,886
87$8,418,120$0$0$5,140,769
88$9,130,692$0$0$5,578,803
89$9,911,346$0$0$6,058,799
90$10,766,880$0$0$6,584,948
91$11,704,783$0$0$7,161,872
92$12,733,301$0$0$7,794,658
93$13,861,519$0$0$8,488,910
94$15,099,443$0$0$9,250,800
95$16,458,092$0$0$10,087,127
96$17,949,606$0$0$11,005,382
97$19,587,358$0$0$12,013,813
98$21,386,077$0$0$13,121,510
99$23,361,991$0$0$14,338,483
100$25,532,976$0$0$15,675,764