Can I retire at age 55 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,441$78,733$78,043$77,369$76,711$74,315
2 years$39,327$38,595$37,885$37,197$36,529$34,137
3 years$25,958$25,222$24,514$23,832$23,176$20,861
4 years$19,274$18,541$17,840$17,170$16,529$14,311
5 years$15,265$14,536$13,845$13,188$12,565$10,449
6 years$12,593$11,870$11,188$10,547$9,942$7,930
7 years$10,686$9,968$9,298$8,671$8,086$6,178
8 years$9,256$8,545$7,885$7,274$6,708$4,902
9 years$8,144$7,440$6,791$6,196$5,649$3,944
10 years$7,255$6,558$5,921$5,341$4,813$3,206
11 years$6,528$5,838$5,213$4,648$4,140$2,628
12 years$5,923$5,240$4,626$4,077$3,587$2,168
13 years$5,411$4,735$4,133$3,599$3,128$1,797
14 years$4,973$4,304$3,714$3,195$2,742$1,496
15 years$4,594$3,932$3,353$2,849$2,414$1,250
16 years$4,262$3,608$3,040$2,551$2,134$1,047
17 years$3,970$3,322$2,766$2,292$1,892$879
18 years$3,710$3,070$2,525$2,066$1,682$739
19 years$3,478$2,845$2,312$1,867$1,499$623
20 years$3,270$2,644$2,122$1,691$1,339$525
21 years$3,081$2,463$1,951$1,534$1,199$444
22 years$2,910$2,299$1,799$1,395$1,074$375
23 years$2,754$2,150$1,661$1,271$964$317
24 years$2,611$2,015$1,536$1,159$867$269
25 years$2,480$1,891$1,422$1,058$780$228
26 years$2,359$1,777$1,319$968$703$193
27 years$2,248$1,672$1,225$886$633$163
28 years$2,144$1,576$1,139$812$572$139
29 years$2,048$1,486$1,060$744$516$118
30 years$1,958$1,404$987$683$466$100
31 years$1,875$1,327$920$627$422$85
32 years$1,796$1,256$859$576$381$72
33 years$1,723$1,189$802$530$345$61
34 years$1,654$1,127$749$488$312$52
35 years$1,589$1,069$700$449$283$44
36 years$1,528$1,015$655$414$256$37
37 years$1,470$964$613$381$232$32
38 years$1,416$916$574$351$211$27
39 years$1,364$871$538$324$191$23
40 years$1,315$829$504$299$173$19
41 years$1,269$789$473$276$157$17
42 years$1,225$751$444$254$143$14
43 years$1,183$716$416$235$129$12
44 years$1,143$682$391$217$118$10
45 years$1,105$651$367$200$107$9
46 years$1,069$621$345$185$97$7
47 years$1,034$592$324$171$88$6
48 years$1,001$565$304$158$80$5
49 years$969$540$286$146$73$4
50 years$939$516$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $962,000, adding $6,392 every year, while hoping to spend $48,405 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: 25/46/29 Blend
54$962,000$962,000$962,000$962,000
55$1,066,717$1,015,731$1,000,820$1,083,592
56$1,124,020$1,014,000$982,845$1,096,511
57$1,185,545$1,010,561$962,646$1,105,841
58$1,251,672$1,005,280$940,096$1,114,849
59$1,322,819$998,014$915,065$1,123,541
60$1,399,441$988,612$887,415$1,131,930
61$1,482,042$976,912$857,001$1,140,032
62$1,571,175$962,745$823,675$1,147,872
63$1,667,444$945,929$787,278$1,155,484
64$1,771,518$926,274$747,646$1,162,910
65$1,884,128$903,576$704,607$1,170,202
66$2,006,079$877,622$657,981$1,177,425
67$2,138,257$848,183$607,582$1,184,657
68$2,281,635$815,020$553,212$1,191,992
69$2,437,284$777,879$494,667$1,199,540
70$2,606,382$736,489$431,732$1,207,432
71$2,790,223$690,567$364,185$1,215,821
72$2,990,232$639,811$291,792$1,224,884
73$3,207,978$583,904$214,309$1,234,826
74$3,445,185$522,509$131,482$1,245,885
75$3,703,752$455,270$43,045$1,258,333
76$3,985,768$381,812$0$1,272,480
77$4,293,533$301,737$0$1,304,567
78$4,629,579$214,628$0$1,354,361
79$4,996,691$120,040$0$1,409,081
80$5,397,939$17,507$0$1,469,348
81$5,836,698$0$0$1,535,851
82$6,316,688$0$0$1,656,674
83$6,842,004$0$0$1,798,766
84$7,417,154$0$0$1,954,505
85$8,047,102$0$0$2,125,254
86$8,737,318$0$0$2,312,520
87$9,493,822$0$0$2,517,956
88$10,323,247$0$0$2,743,389
89$11,232,896$0$0$2,990,826
90$12,230,815$0$0$3,262,482
91$13,325,864$0$0$3,560,794
92$14,527,805$0$0$3,888,448
93$15,847,389$0$0$4,248,404
94$17,296,459$0$0$4,643,920
95$18,888,063$0$0$5,078,587
96$20,636,573$0$0$5,556,362
97$22,557,821$0$0$6,081,602
98$24,669,251$0$0$6,659,109
99$26,990,078$0$0$7,294,173
100$29,541,473$0$0$7,992,622