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%12.6%
1 years$79,028$78,324$77,637$76,967$76,313$75,484
2 years$39,123$38,394$37,688$37,003$36,339$35,505
3 years$25,823$25,091$24,387$23,708$23,055$22,241
4 years$19,174$18,445$17,747$17,081$16,443$15,656
5 years$15,186$14,461$13,773$13,120$12,500$11,741
6 years$12,528$11,808$11,130$10,492$9,891$9,162
7 years$10,630$9,917$9,249$8,626$8,044$7,345
8 years$9,208$8,500$7,844$7,236$6,673$6,004
9 years$8,102$7,401$6,756$6,164$5,620$4,980
10 years$7,217$6,524$5,890$5,313$4,788$4,178
11 years$6,494$5,808$5,186$4,624$4,118$3,537
12 years$5,892$5,213$4,602$4,056$3,569$3,016
13 years$5,383$4,711$4,112$3,581$3,112$2,586
14 years$4,947$4,282$3,694$3,178$2,728$2,229
15 years$4,570$3,912$3,336$2,835$2,402$1,929
16 years$4,240$3,589$3,024$2,538$2,123$1,675
17 years$3,949$3,305$2,752$2,280$1,882$1,459
18 years$3,691$3,054$2,512$2,055$1,674$1,274
19 years$3,460$2,831$2,300$1,857$1,492$1,115
20 years$3,253$2,630$2,111$1,682$1,332$977
21 years$3,065$2,450$1,941$1,526$1,192$858
22 years$2,895$2,287$1,789$1,388$1,069$754
23 years$2,740$2,139$1,652$1,264$959$664
24 years$2,598$2,004$1,528$1,153$862$585
25 years$2,467$1,881$1,415$1,053$776$516
26 years$2,347$1,768$1,312$963$699$456
27 years$2,236$1,663$1,219$881$630$402
28 years$2,133$1,568$1,133$807$569$356
29 years$2,037$1,479$1,054$740$513$315
30 years$1,948$1,397$982$679$464$278
31 years$1,865$1,320$916$624$419$246
32 years$1,787$1,249$854$573$379$218
33 years$1,714$1,183$798$527$343$193
34 years$1,645$1,121$745$485$311$171
35 years$1,581$1,063$697$447$282$152
36 years$1,520$1,009$652$411$255$135
37 years$1,463$959$610$379$231$119
38 years$1,408$911$571$349$210$106
39 years$1,357$866$535$322$190$94
40 years$1,308$824$502$297$172$83
41 years$1,262$785$470$274$156$74
42 years$1,218$747$441$253$142$66
43 years$1,177$712$414$234$129$58
44 years$1,137$679$389$216$117$52
45 years$1,099$647$365$199$106$46
46 years$1,063$617$343$184$96$41
47 years$1,029$589$322$170$88$36
48 years$996$562$303$157$79$32
49 years$964$537$284$145$72$28
50 years$934$513$267$134$66$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $957,000, adding $4,631 every year, while hoping to spend $43,821 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: 46/31/23 Blend
54$957,000$957,000$957,000$957,000
55$1,059,391$1,008,670$993,836$1,100,942
56$1,120,824$1,011,469$980,505$1,133,414
57$1,187,054$1,012,938$965,258$1,163,943
58$1,258,524$1,012,963$947,985$1,196,181
59$1,335,722$1,011,426$928,571$1,230,309
60$1,419,182$1,008,203$906,895$1,266,528
61$1,509,493$1,003,159$882,829$1,305,063
62$1,607,300$996,152$856,243$1,346,165
63$1,713,314$987,033$826,997$1,390,112
64$1,828,317$975,643$794,946$1,437,215
65$1,953,168$961,812$759,940$1,487,817
66$2,088,813$945,362$721,819$1,542,302
67$2,236,290$926,103$680,418$1,601,097
68$2,396,744$903,835$635,565$1,664,675
69$2,571,434$878,344$587,078$1,733,563
70$2,761,743$849,407$534,768$1,808,344
71$2,969,198$816,784$478,439$1,889,666
72$3,195,474$780,224$417,885$1,978,250
73$3,442,417$739,461$352,889$2,074,894
74$3,712,061$694,211$283,228$2,180,482
75$4,006,641$644,178$208,667$2,295,996
76$4,328,621$589,045$128,960$2,422,523
77$4,680,712$528,480$43,852$2,561,270
78$5,065,900$462,130$0$2,713,572
79$5,487,471$389,624$0$2,892,436
80$5,949,045$310,567$0$3,100,205
81$6,454,607$224,545$0$3,327,992
82$7,008,548$131,119$0$3,577,879
83$7,615,702$29,825$0$3,852,166
84$8,281,392$0$0$4,153,390
85$9,011,482$0$0$4,511,588
86$9,812,432$0$0$4,915,825
87$10,691,354$0$0$5,359,532
88$11,656,085$0$0$5,846,679
89$12,715,256$0$0$6,381,641
90$13,878,376$0$0$6,969,234
91$15,155,918$0$0$7,614,767
92$16,559,420$0$0$8,324,086
93$18,101,594$0$0$9,103,633
94$19,796,443$0$0$9,960,505
95$21,659,394$0$0$10,902,518
96$23,707,443$0$0$11,938,288
97$25,959,315$0$0$13,077,303
98$28,435,640$0$0$14,330,019
99$31,159,146$0$0$15,707,955
100$34,154,878$0$0$17,223,803