Can I retire at age 55 with 967,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$79,854$79,143$78,449$77,771$77,110$74,852
2 years$39,532$38,795$38,082$37,390$36,719$34,462
3 years$26,093$25,353$24,642$23,956$23,296$21,111
4 years$19,374$18,637$17,933$17,259$16,615$14,519
5 years$15,345$14,612$13,917$13,257$12,630$10,629
6 years$12,659$11,932$11,247$10,601$9,994$8,089
7 years$10,741$10,020$9,346$8,716$8,128$6,319
8 years$9,304$8,589$7,926$7,312$6,743$5,030
9 years$8,186$7,478$6,827$6,228$5,678$4,059
10 years$7,293$6,592$5,952$5,369$4,838$3,310
11 years$6,562$5,868$5,240$4,672$4,161$2,722
12 years$5,954$5,267$4,650$4,098$3,606$2,252
13 years$5,440$4,760$4,155$3,618$3,144$1,874
14 years$4,999$4,327$3,733$3,212$2,756$1,565
15 years$4,618$3,952$3,370$2,864$2,427$1,312
16 years$4,284$3,626$3,056$2,565$2,145$1,103
17 years$3,990$3,340$2,781$2,304$1,902$929
18 years$3,729$3,086$2,538$2,077$1,691$785
19 years$3,496$2,860$2,324$1,876$1,507$664
20 years$3,287$2,658$2,133$1,699$1,346$562
21 years$3,097$2,476$1,962$1,542$1,205$476
22 years$2,925$2,311$1,808$1,402$1,080$404
23 years$2,768$2,161$1,669$1,277$969$343
24 years$2,625$2,025$1,544$1,165$871$292
25 years$2,493$1,900$1,430$1,064$784$248
26 years$2,372$1,786$1,326$973$706$211
27 years$2,259$1,681$1,231$890$637$180
28 years$2,155$1,584$1,145$816$575$153
29 years$2,059$1,494$1,065$748$519$130
30 years$1,968$1,411$992$687$469$111
31 years$1,884$1,334$925$631$424$95
32 years$1,806$1,262$863$579$383$81
33 years$1,732$1,195$806$533$347$69
34 years$1,662$1,133$753$490$314$59
35 years$1,597$1,075$704$451$285$50
36 years$1,536$1,020$659$416$258$43
37 years$1,478$969$616$383$234$36
38 years$1,423$921$577$353$212$31
39 years$1,371$875$541$325$192$26
40 years$1,322$833$507$300$174$23
41 years$1,275$793$475$277$158$19
42 years$1,231$755$446$256$143$16
43 years$1,189$719$418$236$130$14
44 years$1,149$686$393$218$118$12
45 years$1,111$654$369$201$107$10
46 years$1,074$624$346$186$97$9
47 years$1,040$595$325$172$88$7
48 years$1,006$568$306$159$80$6
49 years$975$543$287$147$73$5
50 years$944$518$270$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $967,000, adding $3,097 every year, while hoping to spend $53,528 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: 76/12/12 Blend
54$967,000$967,000$967,000$967,000
55$1,068,829$1,017,578$1,002,589$1,147,320
56$1,120,896$1,010,485$979,222$1,192,394
57$1,176,480$1,001,252$953,279$1,234,724
58$1,235,883$989,715$924,616$1,279,630
59$1,299,436$975,705$893,084$1,327,350
60$1,367,503$959,038$858,526$1,378,145
61$1,440,481$939,524$820,780$1,432,306
62$1,518,808$916,959$779,675$1,490,152
63$1,602,964$891,128$735,031$1,552,034
64$1,693,475$861,801$686,663$1,618,344
65$1,790,918$828,739$634,375$1,689,509
66$1,895,930$791,684$577,964$1,766,005
67$2,009,205$750,368$517,217$1,848,354
68$2,131,512$704,504$451,911$1,937,137
69$2,263,691$653,789$381,815$2,032,989
70$2,406,667$597,904$306,686$2,136,617
71$2,561,458$536,512$226,270$2,248,798
72$2,729,180$469,255$140,304$2,370,391
73$2,911,063$395,755$48,511$2,502,343
74$3,108,459$315,614$0$2,645,701
75$3,322,854$228,411$0$2,807,951
76$3,555,883$133,702$0$2,991,077
77$3,809,345$31,015$0$3,190,309
78$4,085,219$0$0$3,407,240
79$4,385,683$0$0$3,654,213
80$4,713,133$0$0$3,927,864
81$5,070,207$0$0$4,226,306
82$5,459,807$0$0$4,551,971
83$5,885,127$0$0$4,907,533
84$6,349,686$0$0$5,295,936
85$6,857,354$0$0$5,720,424
86$7,412,394$0$0$6,184,565
87$8,019,500$0$0$6,692,289
88$8,683,838$0$0$7,247,923
89$9,411,099$0$0$7,856,232
90$10,207,548$0$0$8,522,462
91$11,080,084$0$0$9,252,393
92$12,036,308$0$0$10,052,386
93$13,084,587$0$0$10,929,451
94$14,234,139$0$0$11,891,305
95$15,495,115$0$0$12,946,451
96$16,878,697$0$0$14,104,251
97$18,397,202$0$0$15,375,021
98$20,064,196$0$0$16,770,122
99$21,894,623$0$0$18,302,069
100$23,904,946$0$0$19,984,649