Can I retire at age 55 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$79,358$78,652$77,962$77,289$76,631$74,779
2 years$39,286$38,555$37,846$37,158$36,491$34,636
3 years$25,931$25,196$24,489$23,808$23,152$21,351
4 years$19,254$18,522$17,821$17,152$16,512$14,781
5 years$15,249$14,521$13,830$13,174$12,552$10,895
6 years$12,580$11,858$11,177$10,536$9,932$8,351
7 years$10,675$9,958$9,288$8,662$8,077$6,572
8 years$9,246$8,536$7,877$7,266$6,701$5,271
9 years$8,135$7,432$6,784$6,189$5,643$4,287
10 years$7,248$6,551$5,915$5,335$4,808$3,524
11 years$6,522$5,832$5,207$4,643$4,135$2,922
12 years$5,917$5,234$4,621$4,073$3,584$2,439
13 years$5,406$4,730$4,129$3,596$3,125$2,047
14 years$4,968$4,300$3,710$3,192$2,739$1,725
15 years$4,589$3,928$3,349$2,847$2,412$1,460
16 years$4,258$3,604$3,037$2,549$2,132$1,238
17 years$3,966$3,319$2,763$2,290$1,890$1,053
18 years$3,706$3,067$2,523$2,064$1,681$898
19 years$3,474$2,842$2,309$1,865$1,498$767
20 years$3,266$2,641$2,119$1,689$1,338$656
21 years$3,078$2,460$1,949$1,533$1,197$562
22 years$2,907$2,297$1,797$1,394$1,073$481
23 years$2,751$2,148$1,659$1,269$963$413
24 years$2,609$2,012$1,534$1,158$866$355
25 years$2,478$1,889$1,421$1,057$779$305
26 years$2,357$1,775$1,318$967$702$262
27 years$2,245$1,670$1,224$885$633$225
28 years$2,142$1,574$1,138$811$571$194
29 years$2,046$1,485$1,059$743$516$167
30 years$1,956$1,402$986$682$466$144
31 years$1,873$1,326$919$627$421$124
32 years$1,794$1,254$858$576$381$107
33 years$1,721$1,188$801$530$345$92
34 years$1,652$1,126$748$487$312$79
35 years$1,587$1,068$700$449$283$68
36 years$1,526$1,014$654$413$256$59
37 years$1,469$963$613$381$232$51
38 years$1,414$915$574$351$211$44
39 years$1,363$870$537$323$191$38
40 years$1,314$828$504$298$173$33
41 years$1,268$788$472$275$157$28
42 years$1,223$750$443$254$143$24
43 years$1,182$715$416$235$129$21
44 years$1,142$681$390$217$117$18
45 years$1,104$650$366$200$107$16
46 years$1,068$620$344$185$97$13
47 years$1,033$592$323$171$88$12
48 years$1,000$565$304$158$80$10
49 years$968$539$286$146$72$9
50 years$938$515$269$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $961,000, adding $5,458 every year, while hoping to spend $50,002 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: 26/44/30 Blend
54$961,000$961,000$961,000$961,000
55$1,064,652$1,013,719$998,823$1,082,294
56$1,120,045$1,010,189$979,082$1,093,835
57$1,179,412$1,004,811$957,004$1,101,615
58$1,243,105$997,441$932,457$1,108,952
59$1,311,513$987,926$905,305$1,115,846
60$1,385,059$976,106$875,404$1,122,299
61$1,464,209$961,809$842,605$1,128,319
62$1,549,475$944,855$806,749$1,133,921
63$1,641,420$925,051$767,674$1,139,126
64$1,740,662$902,195$725,207$1,143,966
65$1,847,878$876,072$679,171$1,148,479
66$1,963,814$846,452$629,376$1,152,716
67$2,089,292$813,096$575,628$1,156,740
68$2,225,210$775,749$517,722$1,160,629
69$2,372,561$734,140$455,445$1,164,475
70$2,532,433$687,984$388,574$1,168,390
71$2,706,026$636,980$316,876$1,172,507
72$2,894,656$580,807$240,107$1,176,979
73$3,099,774$519,130$158,013$1,181,988
74$3,322,975$451,591$70,330$1,187,746
75$3,566,013$377,814$0$1,194,494
76$3,830,820$297,401$0$1,209,954
77$4,119,522$209,931$0$1,251,515
78$4,434,457$114,961$0$1,297,106
79$4,778,199$12,022$0$1,347,247
80$5,153,583$0$0$1,402,522
81$5,563,729$0$0$1,511,699
82$6,012,071$0$0$1,637,561
83$6,502,390$0$0$1,775,369
84$7,038,849$0$0$1,926,313
85$7,626,034$0$0$2,091,704
86$8,268,993$0$0$2,272,985
87$8,973,284$0$0$2,471,747
88$9,745,029$0$0$2,689,740
89$10,590,971$0$0$2,928,894
90$11,518,536$0$0$3,191,332
91$12,535,902$0$0$3,479,396
92$13,652,077$0$0$3,795,662
93$14,876,984$0$0$4,142,970
94$16,221,551$0$0$4,524,449
95$17,697,819$0$0$4,943,544
96$19,319,048$0$0$5,404,051
97$21,099,849$0$0$5,910,151
98$23,056,314$0$0$6,466,453
99$25,206,174$0$0$7,078,032
100$27,568,960$0$0$7,750,481