Can I retire at age 55 with 955,000?

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 $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%15.1%
1 years$78,863$78,161$77,475$76,806$76,153$74,555
2 years$39,041$38,314$37,609$36,926$36,263$34,660
3 years$25,769$25,039$24,336$23,659$23,007$21,450
4 years$19,134$18,406$17,710$17,045$16,409$14,909
5 years$15,154$14,431$13,744$13,092$12,474$11,036
6 years$12,502$11,784$11,107$10,470$9,870$8,495
7 years$10,608$9,896$9,230$8,608$8,027$6,716
8 years$9,188$8,483$7,828$7,221$6,659$5,411
9 years$8,085$7,386$6,742$6,151$5,608$4,423
10 years$7,202$6,510$5,878$5,302$4,778$3,654
11 years$6,481$5,796$5,175$4,614$4,109$3,045
12 years$5,880$5,202$4,592$4,047$3,561$2,555
13 years$5,372$4,701$4,103$3,573$3,105$2,156
14 years$4,937$4,273$3,687$3,172$2,722$1,827
15 years$4,560$3,903$3,329$2,829$2,397$1,554
16 years$4,231$3,581$3,018$2,533$2,118$1,326
17 years$3,941$3,298$2,746$2,276$1,878$1,135
18 years$3,683$3,048$2,507$2,051$1,670$973
19 years$3,453$2,825$2,295$1,853$1,489$836
20 years$3,246$2,625$2,106$1,678$1,330$719
21 years$3,059$2,445$1,937$1,523$1,190$620
22 years$2,889$2,282$1,785$1,385$1,067$534
23 years$2,734$2,134$1,649$1,261$957$461
24 years$2,592$2,000$1,525$1,150$861$399
25 years$2,462$1,877$1,412$1,051$774$345
26 years$2,342$1,764$1,310$961$697$298
27 years$2,231$1,660$1,216$879$629$258
28 years$2,128$1,564$1,131$806$567$224
29 years$2,033$1,476$1,052$739$512$194
30 years$1,944$1,394$980$678$463$168
31 years$1,861$1,317$914$623$419$146
32 years$1,783$1,247$852$572$379$126
33 years$1,710$1,181$796$526$343$110
34 years$1,642$1,119$744$484$310$95
35 years$1,577$1,061$695$446$281$83
36 years$1,517$1,007$650$411$255$72
37 years$1,460$957$609$378$231$62
38 years$1,405$909$570$349$209$54
39 years$1,354$865$534$321$190$47
40 years$1,306$823$501$296$172$41
41 years$1,260$783$469$274$156$35
42 years$1,216$746$440$252$142$31
43 years$1,174$710$413$233$129$27
44 years$1,135$677$388$215$117$23
45 years$1,097$646$364$199$106$20
46 years$1,061$616$342$184$96$17
47 years$1,027$588$321$170$87$15
48 years$994$561$302$157$79$13
49 years$962$536$284$145$72$11
50 years$932$512$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $955,000, adding $6,805 every year, while hoping to spend $47,047 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: 33/49/18 Blend
54$955,000$955,000$955,000$955,000
55$1,059,429$1,008,814$994,012$1,088,282
56$1,117,434$1,008,189$977,254$1,109,572
57$1,179,777$1,005,955$958,357$1,127,681
58$1,246,854$1,001,986$937,201$1,146,202
59$1,319,094$996,145$913,659$1,165,198
60$1,396,972$988,287$887,597$1,184,742
61$1,481,009$978,259$858,877$1,204,919
62$1,571,777$965,898$827,354$1,225,827
63$1,669,903$951,032$792,875$1,247,577
64$1,776,079$933,478$755,283$1,270,298
65$1,891,064$913,044$714,410$1,294,135
66$2,015,693$889,523$670,083$1,319,254
67$2,150,884$862,700$622,121$1,345,845
68$2,297,647$832,345$570,335$1,374,122
69$2,457,091$798,215$514,526$1,404,326
70$2,630,440$760,052$454,487$1,436,731
71$2,819,035$717,585$390,003$1,471,646
72$3,024,357$670,527$320,848$1,509,420
73$3,248,031$618,573$246,787$1,550,444
74$3,491,849$561,401$167,572$1,595,158
75$3,757,780$498,673$82,949$1,644,056
76$4,047,994$430,028$0$1,697,694
77$4,364,877$355,088$0$1,758,105
78$4,711,059$273,451$0$1,841,665
79$5,089,431$184,694$0$1,933,260
80$5,503,179$88,371$0$2,033,819
81$5,955,811$0$0$2,144,374
82$6,451,187$0$0$2,274,694
83$6,993,559$0$0$2,469,686
84$7,587,611$0$0$2,683,401
85$8,238,498$0$0$2,917,711
86$8,951,900$0$0$3,174,681
87$9,734,071$0$0$3,456,581
88$10,591,899$0$0$3,765,914
89$11,532,971$0$0$4,105,437
90$12,565,645$0$0$4,478,187
91$13,699,125$0$0$4,887,509
92$14,943,552$0$0$5,337,086
93$16,310,094$0$0$5,830,978
94$17,811,056$0$0$6,373,657
95$19,459,992$0$0$6,970,048
96$21,271,834$0$0$7,625,579
97$23,263,032$0$0$8,346,229
98$25,451,709$0$0$9,138,585
99$27,857,829$0$0$10,009,903
100$30,503,391$0$0$10,968,181