Can I retire at age 55 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$79,606$78,897$78,205$77,530$76,871$73,908
2 years$39,409$38,675$37,964$37,274$36,605$33,656
3 years$26,012$25,275$24,565$23,882$23,224$20,381
4 years$19,314$18,579$17,877$17,206$16,563$13,848
5 years$15,297$14,567$13,873$13,215$12,591$10,010
6 years$12,620$11,895$11,212$10,569$9,963$7,518
7 years$10,708$9,989$9,317$8,689$8,103$5,793
8 years$9,275$8,563$7,902$7,289$6,722$4,546
9 years$8,161$7,455$6,806$6,209$5,661$3,615
10 years$7,270$6,571$5,933$5,352$4,823$2,904
11 years$6,542$5,850$5,224$4,658$4,148$2,351
12 years$5,935$5,251$4,636$4,085$3,595$1,915
13 years$5,423$4,745$4,142$3,607$3,135$1,567
14 years$4,984$4,313$3,721$3,202$2,748$1,287
15 years$4,603$3,940$3,360$2,855$2,419$1,061
16 years$4,271$3,615$3,046$2,557$2,138$877
17 years$3,978$3,329$2,772$2,297$1,896$726
18 years$3,718$3,076$2,530$2,070$1,686$602
19 years$3,485$2,851$2,317$1,871$1,503$500
20 years$3,276$2,650$2,126$1,694$1,342$416
21 years$3,088$2,468$1,955$1,538$1,201$346
22 years$2,916$2,304$1,802$1,398$1,077$288
23 years$2,760$2,155$1,664$1,273$966$240
24 years$2,617$2,019$1,539$1,161$869$200
25 years$2,485$1,894$1,425$1,061$782$167
26 years$2,364$1,781$1,322$970$704$139
27 years$2,252$1,676$1,228$888$635$116
28 years$2,149$1,579$1,141$813$573$97
29 years$2,052$1,490$1,062$746$517$81
30 years$1,962$1,407$989$684$467$68
31 years$1,878$1,330$922$629$422$57
32 years$1,800$1,258$860$578$382$47
33 years$1,726$1,192$803$531$346$40
34 years$1,657$1,129$751$489$313$33
35 years$1,592$1,071$702$450$284$28
36 years$1,531$1,017$657$414$257$23
37 years$1,473$966$614$382$233$19
38 years$1,419$918$575$352$211$16
39 years$1,367$873$539$324$191$13
40 years$1,318$830$505$299$174$11
41 years$1,271$790$474$276$158$9
42 years$1,227$753$444$255$143$8
43 years$1,185$717$417$235$130$7
44 years$1,145$684$392$217$118$6
45 years$1,107$652$368$201$107$5
46 years$1,071$622$345$185$97$4
47 years$1,036$593$324$171$88$3
48 years$1,003$567$305$158$80$3
49 years$972$541$287$146$73$2
50 years$941$517$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $964,000, adding $2,061 every year, while hoping to spend $22,119 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: 87/5/8 Blend
54$964,000$964,000$964,000$964,000
55$1,064,454$1,013,362$998,420$1,156,035
56$1,149,494$1,039,482$1,008,333$1,242,165
57$1,242,466$1,066,141$1,017,836$1,333,555
58$1,344,157$1,093,342$1,026,893$1,433,297
59$1,455,432$1,121,086$1,035,465$1,542,219
60$1,577,244$1,149,376$1,043,510$1,661,230
61$1,710,640$1,178,214$1,050,985$1,791,332
62$1,856,778$1,207,598$1,057,845$1,933,629
63$2,016,928$1,237,530$1,064,043$2,089,338
64$2,192,493$1,268,007$1,069,526$2,259,798
65$2,385,016$1,299,027$1,074,243$2,446,483
66$2,596,195$1,330,588$1,078,139$2,651,018
67$2,827,904$1,362,684$1,081,153$2,875,195
68$3,082,205$1,395,310$1,083,226$3,120,983
69$3,361,369$1,428,459$1,084,293$3,390,557
70$3,667,897$1,462,122$1,084,286$3,686,308
71$4,004,548$1,496,291$1,083,135$4,010,872
72$4,374,356$1,530,954$1,080,764$4,367,155
73$4,780,667$1,566,098$1,077,097$4,758,356
74$5,227,166$1,601,707$1,072,050$5,188,001
75$5,717,913$1,637,766$1,065,539$5,659,974
76$6,257,379$1,674,256$1,057,474$6,178,554
77$6,850,492$1,711,155$1,047,760$6,748,456
78$7,502,680$1,748,440$1,036,298$7,374,877
79$8,219,925$1,786,085$1,022,986$8,063,540
80$9,008,817$1,824,062$1,007,715$8,820,753
81$9,876,614$1,862,339$990,371$9,653,466
82$10,831,318$1,900,883$970,838$10,569,336
83$11,881,740$1,939,654$948,989$11,576,801
84$13,037,593$1,978,613$924,696$12,685,159
85$14,309,577$2,017,714$897,822$13,904,655
86$15,709,480$2,056,908$868,225$15,246,578
87$17,250,294$2,096,144$835,758$16,723,368
88$18,946,332$2,135,363$800,264$18,348,732
89$20,813,366$2,174,503$761,580$20,137,774
90$22,868,774$2,213,499$719,538$22,107,139
91$25,131,706$2,252,277$673,960$24,275,168
92$27,623,262$2,290,761$624,659$26,662,071
93$30,366,692$2,328,866$571,443$29,290,118
94$33,387,617$2,366,503$514,109$32,183,853
95$36,714,268$2,403,575$452,445$35,370,318
96$40,377,751$2,439,978$386,230$38,879,314
97$44,412,347$2,475,602$315,234$42,743,681
98$48,855,827$2,510,328$239,215$46,999,608
99$53,749,816$2,544,028$157,923$51,686,973
100$59,140,178$2,576,566$71,094$56,849,720