Can I retire at age 55 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$78,863$78,161$77,475$76,806$76,153$73,982
2 years$39,041$38,314$37,609$36,926$36,263$34,093
3 years$25,769$25,039$24,336$23,659$23,007$20,905
4 years$19,134$18,406$17,710$17,045$16,409$14,392
5 years$15,154$14,431$13,744$13,092$12,474$10,547
6 years$12,502$11,784$11,107$10,470$9,870$8,036
7 years$10,608$9,896$9,230$8,608$8,027$6,285
8 years$9,188$8,483$7,828$7,221$6,659$5,008
9 years$8,085$7,386$6,742$6,151$5,608$4,046
10 years$7,202$6,510$5,878$5,302$4,778$3,304
11 years$6,481$5,796$5,175$4,614$4,109$2,720
12 years$5,880$5,202$4,592$4,047$3,561$2,254
13 years$5,372$4,701$4,103$3,573$3,105$1,878
14 years$4,937$4,273$3,687$3,172$2,722$1,571
15 years$4,560$3,903$3,329$2,829$2,397$1,319
16 years$4,231$3,581$3,018$2,533$2,118$1,110
17 years$3,941$3,298$2,746$2,276$1,878$937
18 years$3,683$3,048$2,507$2,051$1,670$792
19 years$3,453$2,825$2,295$1,853$1,489$671
20 years$3,246$2,625$2,106$1,678$1,330$569
21 years$3,059$2,445$1,937$1,523$1,190$483
22 years$2,889$2,282$1,785$1,385$1,067$411
23 years$2,734$2,134$1,649$1,261$957$349
24 years$2,592$2,000$1,525$1,150$861$297
25 years$2,462$1,877$1,412$1,051$774$253
26 years$2,342$1,764$1,310$961$697$216
27 years$2,231$1,660$1,216$879$629$184
28 years$2,128$1,564$1,131$806$567$157
29 years$2,033$1,476$1,052$739$512$134
30 years$1,944$1,394$980$678$463$114
31 years$1,861$1,317$914$623$419$98
32 years$1,783$1,247$852$572$379$83
33 years$1,710$1,181$796$526$343$71
34 years$1,642$1,119$744$484$310$61
35 years$1,577$1,061$695$446$281$52
36 years$1,517$1,007$650$411$255$44
37 years$1,460$957$609$378$231$38
38 years$1,405$909$570$349$209$32
39 years$1,354$865$534$321$190$28
40 years$1,306$823$501$296$172$24
41 years$1,260$783$469$274$156$20
42 years$1,216$746$440$252$142$17
43 years$1,174$710$413$233$129$15
44 years$1,135$677$388$215$117$13
45 years$1,097$646$364$199$106$11
46 years$1,061$616$342$184$96$9
47 years$1,027$588$321$170$87$8
48 years$994$561$302$157$79$7
49 years$962$536$284$145$72$6
50 years$932$512$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $955,000, adding $5,147 every year, while hoping to spend $48,713 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: 47/40/13 Blend
54$955,000$955,000$955,000$955,000
55$1,057,719$1,007,104$992,302$1,103,355
56$1,113,776$1,004,622$973,713$1,132,958
57$1,173,918$1,000,386$952,870$1,159,648
58$1,238,511$994,257$929,644$1,187,532
59$1,307,955$986,092$903,903$1,216,740
60$1,382,691$975,734$875,508$1,247,416
61$1,463,201$963,021$844,313$1,279,723
62$1,550,017$947,778$810,167$1,313,842
63$1,643,721$929,822$772,910$1,349,976
64$1,744,955$908,958$732,377$1,388,355
65$1,854,422$884,978$688,393$1,429,231
66$1,972,896$857,666$640,778$1,472,891
67$2,101,229$826,788$589,341$1,519,653
68$2,240,355$792,102$533,884$1,569,872
69$2,391,303$753,347$474,201$1,623,944
70$2,555,204$710,249$410,076$1,682,311
71$2,733,303$662,519$341,281$1,745,466
72$2,926,968$609,851$267,582$1,813,959
73$3,137,705$551,920$188,733$1,888,400
74$3,367,172$488,385$104,476$1,969,469
75$3,617,191$418,883$14,544$2,057,923
76$3,889,769$343,033$0$2,154,603
77$4,187,113$260,430$0$2,271,741
78$4,511,656$170,648$0$2,401,966
79$4,866,071$73,236$0$2,544,456
80$5,253,306$0$0$2,700,538
81$5,676,601$0$0$2,885,887
82$6,139,527$0$0$3,123,946
83$6,646,015$0$0$3,384,514
84$7,200,393$0$0$3,669,830
85$7,807,427$0$0$3,982,361
86$8,472,365$0$0$4,324,825
87$9,200,987$0$0$4,700,211
88$9,999,658$0$0$5,111,817
89$10,875,389$0$0$5,563,270
90$11,835,901$0$0$6,058,567
91$12,889,699$0$0$6,602,112
92$14,046,151$0$0$7,198,754
93$15,315,573$0$0$7,853,835
94$16,709,334$0$0$8,573,240
95$18,239,953$0$0$9,363,451
96$19,921,222$0$0$10,231,609
97$21,768,335$0$0$11,185,582
98$23,798,032$0$0$12,234,036
99$26,028,751$0$0$13,386,520
100$28,480,808$0$0$14,653,551