Can I retire at age 55 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$79,028$78,324$77,637$76,967$76,313$73,899
2 years$39,123$38,394$37,688$37,003$36,339$33,930
3 years$25,823$25,091$24,387$23,708$23,055$20,725
4 years$19,174$18,445$17,747$17,081$16,443$14,210
5 years$15,186$14,461$13,773$13,120$12,500$10,370
6 years$12,528$11,808$11,130$10,492$9,891$7,866
7 years$10,630$9,917$9,249$8,626$8,044$6,124
8 years$9,208$8,500$7,844$7,236$6,673$4,857
9 years$8,102$7,401$6,756$6,164$5,620$3,905
10 years$7,217$6,524$5,890$5,313$4,788$3,173
11 years$6,494$5,808$5,186$4,624$4,118$2,599
12 years$5,892$5,213$4,602$4,056$3,569$2,142
13 years$5,383$4,711$4,112$3,581$3,112$1,775
14 years$4,947$4,282$3,694$3,178$2,728$1,476
15 years$4,570$3,912$3,336$2,835$2,402$1,232
16 years$4,240$3,589$3,024$2,538$2,123$1,032
17 years$3,949$3,305$2,752$2,280$1,882$865
18 years$3,691$3,054$2,512$2,055$1,674$727
19 years$3,460$2,831$2,300$1,857$1,492$612
20 years$3,253$2,630$2,111$1,682$1,332$516
21 years$3,065$2,450$1,941$1,526$1,192$436
22 years$2,895$2,287$1,789$1,388$1,069$368
23 years$2,740$2,139$1,652$1,264$959$311
24 years$2,598$2,004$1,528$1,153$862$263
25 years$2,467$1,881$1,415$1,053$776$223
26 years$2,347$1,768$1,312$963$699$189
27 years$2,236$1,663$1,219$881$630$160
28 years$2,133$1,568$1,133$807$569$135
29 years$2,037$1,479$1,054$740$513$115
30 years$1,948$1,397$982$679$464$97
31 years$1,865$1,320$916$624$419$82
32 years$1,787$1,249$854$573$379$70
33 years$1,714$1,183$798$527$343$59
34 years$1,645$1,121$745$485$311$50
35 years$1,581$1,063$697$447$282$43
36 years$1,520$1,009$652$411$255$36
37 years$1,463$959$610$379$231$31
38 years$1,408$911$571$349$210$26
39 years$1,357$866$535$322$190$22
40 years$1,308$824$502$297$172$19
41 years$1,262$785$470$274$156$16
42 years$1,218$747$441$253$142$14
43 years$1,177$712$414$234$129$11
44 years$1,137$679$389$216$117$10
45 years$1,099$647$365$199$106$8
46 years$1,063$617$343$184$96$7
47 years$1,029$589$322$170$88$6
48 years$996$562$303$157$79$5
49 years$964$537$284$145$72$4
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $957,000, adding $6,324 every year, while hoping to spend $41,528 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: 80/10/10 Blend
54$957,000$957,000$957,000$957,000
55$1,061,137$1,010,416$995,583$1,143,799
56$1,125,188$1,015,741$984,749$1,204,261
57$1,194,380$1,019,935$972,161$1,264,524
58$1,269,193$1,022,899$957,715$1,329,427
59$1,350,157$1,024,527$941,305$1,399,412
60$1,437,852$1,024,707$922,817$1,474,969
61$1,532,915$1,023,321$902,134$1,556,636
62$1,636,050$1,020,241$879,134$1,645,006
63$1,748,028$1,015,334$853,686$1,740,732
64$1,869,699$1,008,457$825,656$1,844,533
65$2,001,996$999,460$794,903$1,957,205
66$2,145,948$988,181$761,280$2,079,620
67$2,302,685$974,452$724,633$2,212,742
68$2,473,451$958,092$684,801$2,357,632
69$2,659,616$938,912$641,614$2,515,461
70$2,862,686$916,708$594,898$2,687,518
71$3,084,322$891,268$544,469$2,875,225
72$3,326,347$862,365$490,134$3,080,146
73$3,590,774$829,760$431,692$3,304,010
74$3,879,813$793,199$368,934$3,548,717
75$4,195,903$752,414$301,642$3,816,367
76$4,541,724$707,122$229,586$4,109,271
77$4,920,231$657,022$152,529$4,429,976
78$5,334,676$601,798$70,220$4,781,291
79$5,788,641$541,114$0$5,166,312
80$6,286,070$474,616$0$5,590,331
81$6,831,307$401,930$0$6,063,347
82$7,429,136$322,660$0$6,582,037
83$8,084,826$236,388$0$7,151,001
84$8,804,180$142,674$0$7,775,310
85$9,593,592$41,051$0$8,460,551
86$10,460,103$0$0$9,212,879
87$11,411,469$0$0$10,046,668
88$12,456,234$0$0$10,967,302
89$13,603,809$0$0$11,978,560
90$14,864,565$0$0$13,089,583
91$16,249,922$0$0$14,310,441
92$17,772,464$0$0$15,652,226
93$19,446,055$0$0$17,127,160
94$21,285,967$0$0$18,748,708
95$23,309,027$0$0$20,531,702
96$25,533,774$0$0$22,492,487
97$27,980,633$0$0$24,649,068
98$30,672,107$0$0$27,021,284
99$33,632,992$0$0$29,630,993
100$36,890,605$0$0$32,502,280