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%16.7%
1 years$78,863$78,161$77,475$76,806$76,153$74,072
2 years$39,041$38,314$37,609$36,926$36,263$34,182
3 years$25,769$25,039$24,336$23,659$23,007$20,990
4 years$19,134$18,406$17,710$17,045$16,409$14,472
5 years$15,154$14,431$13,744$13,092$12,474$10,623
6 years$12,502$11,784$11,107$10,470$9,870$8,106
7 years$10,608$9,896$9,230$8,608$8,027$6,351
8 years$9,188$8,483$7,828$7,221$6,659$5,070
9 years$8,085$7,386$6,742$6,151$5,608$4,103
10 years$7,202$6,510$5,878$5,302$4,778$3,357
11 years$6,481$5,796$5,175$4,614$4,109$2,769
12 years$5,880$5,202$4,592$4,047$3,561$2,299
13 years$5,372$4,701$4,103$3,573$3,105$1,919
14 years$4,937$4,273$3,687$3,172$2,722$1,609
15 years$4,560$3,903$3,329$2,829$2,397$1,353
16 years$4,231$3,581$3,018$2,533$2,118$1,142
17 years$3,941$3,298$2,746$2,276$1,878$966
18 years$3,683$3,048$2,507$2,051$1,670$818
19 years$3,453$2,825$2,295$1,853$1,489$695
20 years$3,246$2,625$2,106$1,678$1,330$590
21 years$3,059$2,445$1,937$1,523$1,190$503
22 years$2,889$2,282$1,785$1,385$1,067$428
23 years$2,734$2,134$1,649$1,261$957$365
24 years$2,592$2,000$1,525$1,150$861$312
25 years$2,462$1,877$1,412$1,051$774$266
26 years$2,342$1,764$1,310$961$697$227
27 years$2,231$1,660$1,216$879$629$194
28 years$2,128$1,564$1,131$806$567$166
29 years$2,033$1,476$1,052$739$512$142
30 years$1,944$1,394$980$678$463$121
31 years$1,861$1,317$914$623$419$104
32 years$1,783$1,247$852$572$379$89
33 years$1,710$1,181$796$526$343$76
34 years$1,642$1,119$744$484$310$65
35 years$1,577$1,061$695$446$281$56
36 years$1,517$1,007$650$411$255$48
37 years$1,460$957$609$378$231$41
38 years$1,405$909$570$349$209$35
39 years$1,354$865$534$321$190$30
40 years$1,306$823$501$296$172$26
41 years$1,260$783$469$274$156$22
42 years$1,216$746$440$252$142$19
43 years$1,174$710$413$233$129$16
44 years$1,135$677$388$215$117$14
45 years$1,097$646$364$199$106$12
46 years$1,061$616$342$184$96$10
47 years$1,027$588$321$170$87$9
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 $5,204 every year, while hoping to spend $51,226 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$1,057,778$1,007,163$992,360$1,086,630
56$1,111,167$1,002,010$971,100$1,103,256
57$1,168,285$994,887$947,411$1,116,069
58$1,229,459$985,645$921,158$1,128,793
59$1,295,045$974,123$892,198$1,141,451
60$1,365,436$960,152$860,384$1,154,070
61$1,441,064$943,553$825,560$1,166,686
62$1,522,401$924,136$787,565$1,179,344
63$1,609,967$901,699$746,229$1,192,097
64$1,704,331$876,029$701,375$1,205,011
65$1,806,119$846,902$652,818$1,218,163
66$1,916,021$814,077$600,364$1,231,644
67$2,034,791$777,303$543,813$1,245,563
68$2,163,261$736,312$482,952$1,260,044
69$2,302,344$690,822$417,561$1,275,235
70$2,453,044$640,533$347,410$1,291,303
71$2,616,465$585,130$272,259$1,308,443
72$2,793,821$524,278$191,856$1,326,879
73$2,986,447$457,624$105,940$1,346,865
74$3,195,813$384,795$14,237$1,368,694
75$3,423,533$305,397$0$1,392,697
76$3,671,386$219,014$0$1,435,314
77$3,941,327$125,206$0$1,484,872
78$4,235,510$23,508$0$1,539,177
79$4,556,302$0$0$1,598,840
80$4,906,311$0$0$1,711,219
81$5,288,407$0$0$1,847,873
82$5,705,749$0$0$1,997,271
83$6,161,814$0$0$2,160,677
84$6,660,432$0$0$2,339,480
85$7,205,817$0$0$2,535,211
86$7,802,611$0$0$2,749,556
87$8,455,925$0$0$2,984,370
88$9,171,386$0$0$3,241,697
89$9,955,192$0$0$3,523,788
90$10,814,169$0$0$3,833,124
91$11,755,834$0$0$4,172,433
92$12,788,464$0$0$4,544,725
93$13,921,180$0$0$4,953,312
94$15,164,023$0$0$5,401,842
95$16,528,058$0$0$5,894,337
96$18,025,469$0$0$6,435,223
97$19,669,679$0$0$7,029,379
98$21,475,476$0$0$7,682,179
99$23,459,149$0$0$8,399,542
100$25,638,640$0$0$9,187,990