Can I retire at age 55 with 967,000?

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 $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%15%
1 years$79,854$79,143$78,449$77,771$77,110$75,522
2 years$39,532$38,795$38,082$37,390$36,719$35,127
3 years$26,093$25,353$24,642$23,956$23,296$21,749
4 years$19,374$18,637$17,933$17,259$16,615$15,124
5 years$15,345$14,612$13,917$13,257$12,630$11,201
6 years$12,659$11,932$11,247$10,601$9,994$8,627
7 years$10,741$10,020$9,346$8,716$8,128$6,824
8 years$9,304$8,589$7,926$7,312$6,743$5,502
9 years$8,186$7,478$6,827$6,228$5,678$4,499
10 years$7,293$6,592$5,952$5,369$4,838$3,720
11 years$6,562$5,868$5,240$4,672$4,161$3,102
12 years$5,954$5,267$4,650$4,098$3,606$2,604
13 years$5,440$4,760$4,155$3,618$3,144$2,198
14 years$4,999$4,327$3,733$3,212$2,756$1,865
15 years$4,618$3,952$3,370$2,864$2,427$1,587
16 years$4,284$3,626$3,056$2,565$2,145$1,355
17 years$3,990$3,340$2,781$2,304$1,902$1,161
18 years$3,729$3,086$2,538$2,077$1,691$996
19 years$3,496$2,860$2,324$1,876$1,507$856
20 years$3,287$2,658$2,133$1,699$1,346$737
21 years$3,097$2,476$1,962$1,542$1,205$636
22 years$2,925$2,311$1,808$1,402$1,080$549
23 years$2,768$2,161$1,669$1,277$969$474
24 years$2,625$2,025$1,544$1,165$871$410
25 years$2,493$1,900$1,430$1,064$784$355
26 years$2,372$1,786$1,326$973$706$307
27 years$2,259$1,681$1,231$890$637$266
28 years$2,155$1,584$1,145$816$575$231
29 years$2,059$1,494$1,065$748$519$200
30 years$1,968$1,411$992$687$469$174
31 years$1,884$1,334$925$631$424$151
32 years$1,806$1,262$863$579$383$131
33 years$1,732$1,195$806$533$347$114
34 years$1,662$1,133$753$490$314$99
35 years$1,597$1,075$704$451$285$86
36 years$1,536$1,020$659$416$258$74
37 years$1,478$969$616$383$234$65
38 years$1,423$921$577$353$212$56
39 years$1,371$875$541$325$192$49
40 years$1,322$833$507$300$174$42
41 years$1,275$793$475$277$158$37
42 years$1,231$755$446$256$143$32
43 years$1,189$719$418$236$130$28
44 years$1,149$686$393$218$118$24
45 years$1,111$654$369$201$107$21
46 years$1,074$624$346$186$97$18
47 years$1,040$595$325$172$88$16
48 years$1,006$568$306$159$80$14
49 years$975$543$287$147$73$12
50 years$944$518$270$136$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $967,000, adding $2,229 every year, while hoping to spend $36,643 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: 52/42/6 Blend
54$967,000$967,000$967,000$967,000
55$1,067,933$1,016,682$1,001,694$1,121,839
56$1,137,875$1,027,512$996,263$1,169,476
57$1,213,722$1,037,644$989,421$1,217,072
58$1,296,039$1,047,006$981,084$1,267,946
59$1,385,445$1,055,519$971,161$1,322,414
60$1,482,623$1,063,102$959,558$1,380,824
61$1,588,323$1,069,667$946,175$1,443,562
62$1,703,370$1,075,119$930,910$1,511,052
63$1,828,673$1,079,358$913,654$1,583,766
64$1,965,230$1,082,280$894,295$1,662,221
65$2,114,143$1,083,771$872,713$1,746,991
66$2,276,621$1,083,711$848,784$1,838,710
67$2,453,997$1,081,974$822,379$1,938,078
68$2,647,738$1,078,424$793,362$2,045,866
69$2,859,459$1,072,918$761,592$2,162,930
70$3,090,937$1,065,304$726,918$2,290,211
71$3,344,130$1,055,422$689,188$2,428,750
72$3,621,194$1,043,100$648,238$2,579,698
73$3,924,500$1,028,157$603,899$2,744,324
74$4,256,664$1,010,400$555,993$2,924,031
75$4,620,561$989,628$504,337$3,120,366
76$5,019,362$965,624$448,736$3,335,039
77$5,456,558$938,160$388,989$3,569,937
78$5,935,992$906,994$324,885$3,827,144
79$6,461,898$871,872$256,204$4,108,960
80$7,038,940$832,522$182,715$4,417,924
81$7,672,255$788,660$104,180$4,756,840
82$8,367,502$739,981$20,347$5,128,800
83$9,130,914$686,166$0$5,537,220
84$9,969,356$626,877$0$5,990,294
85$10,890,392$561,756$0$6,489,434
86$11,902,355$490,425$0$7,037,944
87$13,014,425$412,485$0$7,640,908
88$14,236,713$327,514$0$8,303,935
89$15,580,362$235,066$0$9,033,214
90$17,057,645$134,671$0$9,835,570
91$18,682,086$25,831$0$10,718,535
92$20,468,583$0$0$11,690,415
93$22,433,552$0$0$12,802,881
94$24,595,079$0$0$14,039,871
95$26,973,091$0$0$15,400,863
96$29,589,544$0$0$16,898,437
97$32,468,628$0$0$18,546,454
98$35,636,999$0$0$20,360,188
99$39,124,026$0$0$22,356,465
100$42,962,070$0$0$24,553,827