Can I retire at age 55 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$78,780$78,079$77,394$76,726$76,073$75,310
2 years$39,000$38,274$37,570$36,887$36,225$35,457
3 years$25,742$25,012$24,310$23,634$22,983$22,233
4 years$19,114$18,387$17,692$17,027$16,392$15,665
5 years$15,138$14,415$13,729$13,078$12,461$11,761
6 years$12,489$11,771$11,095$10,459$9,860$9,187
7 years$10,597$9,886$9,220$8,599$8,019$7,373
8 years$9,179$8,474$7,820$7,213$6,652$6,034
9 years$8,076$7,378$6,735$6,144$5,602$5,011
10 years$7,195$6,503$5,872$5,296$4,773$4,209
11 years$6,474$5,789$5,169$4,609$4,105$3,567
12 years$5,874$5,196$4,588$4,043$3,557$3,046
13 years$5,366$4,696$4,099$3,569$3,102$2,615
14 years$4,932$4,268$3,683$3,169$2,719$2,257
15 years$4,556$3,899$3,325$2,826$2,394$1,956
16 years$4,227$3,578$3,015$2,530$2,116$1,701
17 years$3,937$3,295$2,743$2,273$1,876$1,483
18 years$3,679$3,045$2,504$2,049$1,668$1,297
19 years$3,449$2,822$2,292$1,851$1,487$1,137
20 years$3,242$2,622$2,104$1,677$1,328$998
21 years$3,055$2,442$1,935$1,522$1,189$877
22 years$2,886$2,280$1,784$1,384$1,065$773
23 years$2,731$2,132$1,647$1,260$956$681
24 years$2,590$1,998$1,523$1,149$860$601
25 years$2,460$1,875$1,411$1,050$774$531
26 years$2,340$1,762$1,308$960$697$470
27 years$2,229$1,658$1,215$878$628$415
28 years$2,126$1,563$1,129$805$567$368
29 years$2,031$1,474$1,051$738$512$326
30 years$1,942$1,392$979$677$462$289
31 years$1,859$1,316$913$622$418$256
32 years$1,781$1,245$852$572$378$227
33 years$1,708$1,179$795$526$342$201
34 years$1,640$1,118$743$484$310$179
35 years$1,576$1,060$695$445$281$159
36 years$1,515$1,006$650$410$254$141
37 years$1,458$956$608$378$230$125
38 years$1,404$908$569$348$209$111
39 years$1,353$864$534$321$189$99
40 years$1,304$822$500$296$172$88
41 years$1,258$782$469$273$156$78
42 years$1,215$745$440$252$141$69
43 years$1,173$710$413$233$128$62
44 years$1,133$677$387$215$117$55
45 years$1,096$645$364$199$106$49
46 years$1,060$615$342$183$96$43
47 years$1,026$587$321$169$87$39
48 years$993$561$302$157$79$34
49 years$961$535$284$145$72$30
50 years$931$511$267$134$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $954,000, adding $6,102 every year, while hoping to spend $54,976 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: 59/19/22 Blend
54$954,000$954,000$954,000$954,000
55$1,057,602$1,007,040$992,253$1,113,470
56$1,106,984$997,891$967,000$1,142,991
57$1,159,559$986,451$939,058$1,168,683
58$1,215,597$972,550$908,279$1,195,495
59$1,275,390$956,007$874,508$1,223,546
60$1,339,260$936,632$837,585$1,252,972
61$1,407,559$914,221$797,338$1,283,921
62$1,480,673$888,560$753,591$1,316,562
63$1,559,024$859,423$706,160$1,351,083
64$1,643,079$826,568$654,850$1,387,695
65$1,733,345$789,743$599,460$1,426,632
66$1,830,383$748,677$539,778$1,468,157
67$1,934,806$703,086$475,585$1,512,561
68$2,047,288$652,669$406,649$1,560,172
69$2,168,571$597,109$332,731$1,611,353
70$2,299,466$536,069$253,579$1,666,507
71$2,440,869$469,193$168,931$1,726,088
72$2,593,761$396,107$78,513$1,790,595
73$2,759,221$316,413$0$1,860,588
74$2,938,436$229,692$0$1,940,906
75$3,132,711$135,501$0$2,047,963
76$3,343,481$33,374$0$2,164,146
77$3,572,323$0$0$2,290,384
78$3,820,973$0$0$2,443,837
79$4,091,340$0$0$2,618,349
80$4,385,524$0$0$2,808,306
81$4,705,836$0$0$3,015,210
82$5,054,820$0$0$3,240,712
83$5,435,272$0$0$3,486,631
84$5,850,274$0$0$3,754,968
85$6,303,215$0$0$4,047,925
86$6,797,827$0$0$4,367,927
87$7,338,217$0$0$4,717,644
88$7,928,908$0$0$5,100,013
89$8,574,878$0$0$5,518,271
90$9,281,610$0$0$5,975,980
91$10,055,139$0$0$6,477,064
92$10,902,113$0$0$7,025,841
93$11,829,851$0$0$7,627,068
94$12,846,413$0$0$8,285,986
95$13,960,677$0$0$9,008,364
96$15,182,420$0$0$9,800,556
97$16,522,409$0$0$10,669,562
98$17,992,506$0$0$11,623,090
99$19,605,775$0$0$12,669,634
100$21,376,605$0$0$13,818,546