Can I retire at age 55 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$78,533$77,833$77,151$76,485$75,834$74,608
2 years$38,878$38,154$37,452$36,771$36,111$34,880
3 years$25,661$24,934$24,234$23,560$22,911$21,712
4 years$19,054$18,329$17,636$16,974$16,340$15,183
5 years$15,091$14,370$13,686$13,037$12,421$11,309
6 years$12,449$11,734$11,061$10,426$9,829$8,763
7 years$10,564$9,854$9,191$8,572$7,993$6,974
8 years$9,150$8,447$7,795$7,191$6,631$5,659
9 years$8,051$7,355$6,714$6,125$5,584$4,658
10 years$7,172$6,483$5,853$5,280$4,758$3,877
11 years$6,454$5,771$5,153$4,595$4,092$3,255
12 years$5,855$5,180$4,573$4,030$3,546$2,753
13 years$5,350$4,681$4,086$3,558$3,092$2,341
14 years$4,916$4,255$3,671$3,159$2,711$2,000
15 years$4,541$3,887$3,315$2,817$2,387$1,716
16 years$4,213$3,566$3,005$2,522$2,109$1,476
17 years$3,924$3,284$2,735$2,266$1,870$1,274
18 years$3,668$3,035$2,496$2,042$1,663$1,102
19 years$3,438$2,813$2,285$1,845$1,482$955
20 years$3,232$2,614$2,097$1,671$1,324$829
21 years$3,046$2,435$1,929$1,517$1,185$721
22 years$2,877$2,273$1,778$1,379$1,062$628
23 years$2,723$2,126$1,642$1,256$953$547
24 years$2,581$1,992$1,518$1,146$857$477
25 years$2,452$1,869$1,406$1,046$771$417
26 years$2,332$1,756$1,304$957$695$364
27 years$2,222$1,653$1,211$876$626$318
28 years$2,120$1,558$1,126$802$565$278
29 years$2,024$1,469$1,048$736$510$244
30 years$1,936$1,388$976$675$461$213
31 years$1,853$1,312$910$620$417$187
32 years$1,776$1,241$849$570$377$164
33 years$1,703$1,176$793$524$341$143
34 years$1,635$1,114$741$482$309$126
35 years$1,571$1,057$692$444$280$110
36 years$1,510$1,003$648$409$254$97
37 years$1,453$953$606$377$230$85
38 years$1,399$905$568$347$208$74
39 years$1,348$861$532$320$189$65
40 years$1,300$819$499$295$171$57
41 years$1,254$780$467$272$155$50
42 years$1,211$743$438$251$141$44
43 years$1,169$707$411$232$128$39
44 years$1,130$674$386$214$116$34
45 years$1,092$643$363$198$105$30
46 years$1,057$613$341$183$96$26
47 years$1,022$585$320$169$87$23
48 years$990$559$301$156$79$20
49 years$958$534$283$144$72$18
50 years$929$510$266$133$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $951,000, adding $4,492 every year, while hoping to spend $45,704 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: 72/10/18 Blend
54$951,000$951,000$951,000$951,000
55$1,052,635$1,002,232$987,492$1,123,650
56$1,111,376$1,002,713$971,944$1,171,908
57$1,174,575$1,001,686$954,344$1,218,801
58$1,242,642$999,028$934,574$1,268,984
59$1,316,021$994,610$912,512$1,322,775
60$1,395,203$988,294$888,029$1,380,527
61$1,480,728$979,935$860,993$1,442,626
62$1,573,188$969,377$831,261$1,509,499
63$1,673,234$956,457$798,689$1,581,621
64$1,781,581$941,001$763,122$1,659,510
65$1,899,016$922,824$724,401$1,743,744
66$2,026,405$901,731$682,358$1,834,956
67$2,164,698$877,516$636,817$1,933,848
68$2,314,943$849,960$587,596$2,041,193
69$2,478,291$818,832$534,504$2,157,844
70$2,656,007$783,885$477,340$2,284,745
71$2,849,486$744,862$415,897$2,422,935
72$3,060,261$701,487$349,957$2,573,561
73$3,290,018$653,471$279,291$2,737,889
74$3,540,616$600,506$203,663$2,917,317
75$3,814,097$542,270$122,825$3,113,386
76$4,112,712$478,418$36,517$3,327,799
77$4,438,938$408,590$0$3,562,431
78$4,795,501$332,402$0$3,830,030
79$5,185,402$249,450$0$4,130,384
80$5,611,948$159,307$0$4,459,049
81$6,078,776$61,523$0$4,818,864
82$6,589,895$0$0$5,212,959
83$7,149,717$0$0$5,649,665
84$7,763,102$0$0$6,135,618
85$8,435,402$0$0$6,668,294
86$9,172,511$0$0$7,252,368
87$9,980,922$0$0$7,892,991
88$10,867,783$0$0$8,595,835
89$11,840,973$0$0$9,367,149
90$12,909,164$0$0$10,213,814
91$14,081,914$0$0$11,143,413
92$15,369,750$0$0$12,164,296
93$16,784,266$0$0$13,285,663
94$18,338,237$0$0$14,517,649
95$20,045,735$0$0$15,871,418
96$21,922,263$0$0$17,359,270
97$23,984,901$0$0$18,994,756
98$26,252,466$0$0$20,792,803
99$28,745,686$0$0$22,769,860
100$31,487,402$0$0$24,944,047