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%18.6%
1 years$79,854$79,143$78,449$77,771$77,110$74,433
2 years$39,532$38,795$38,082$37,390$36,719$34,050
3 years$26,093$25,353$24,642$23,956$23,296$20,719
4 years$19,374$18,637$17,933$17,259$16,615$14,149
5 years$15,345$14,612$13,917$13,257$12,630$10,282
6 years$12,659$11,932$11,247$10,601$9,994$7,765
7 years$10,741$10,020$9,346$8,716$8,128$6,018
8 years$9,304$8,589$7,926$7,312$6,743$4,750
9 years$8,186$7,478$6,827$6,228$5,678$3,801
10 years$7,293$6,592$5,952$5,369$4,838$3,072
11 years$6,562$5,868$5,240$4,672$4,161$2,503
12 years$5,954$5,267$4,650$4,098$3,606$2,053
13 years$5,440$4,760$4,155$3,618$3,144$1,691
14 years$4,999$4,327$3,733$3,212$2,756$1,399
15 years$4,618$3,952$3,370$2,864$2,427$1,161
16 years$4,284$3,626$3,056$2,565$2,145$967
17 years$3,990$3,340$2,781$2,304$1,902$806
18 years$3,729$3,086$2,538$2,077$1,691$674
19 years$3,496$2,860$2,324$1,876$1,507$564
20 years$3,287$2,658$2,133$1,699$1,346$472
21 years$3,097$2,476$1,962$1,542$1,205$396
22 years$2,925$2,311$1,808$1,402$1,080$332
23 years$2,768$2,161$1,669$1,277$969$279
24 years$2,625$2,025$1,544$1,165$871$235
25 years$2,493$1,900$1,430$1,064$784$197
26 years$2,372$1,786$1,326$973$706$166
27 years$2,259$1,681$1,231$890$637$140
28 years$2,155$1,584$1,145$816$575$118
29 years$2,059$1,494$1,065$748$519$99
30 years$1,968$1,411$992$687$469$83
31 years$1,884$1,334$925$631$424$70
32 years$1,806$1,262$863$579$383$59
33 years$1,732$1,195$806$533$347$50
34 years$1,662$1,133$753$490$314$42
35 years$1,597$1,075$704$451$285$35
36 years$1,536$1,020$659$416$258$30
37 years$1,478$969$616$383$234$25
38 years$1,423$921$577$353$212$21
39 years$1,371$875$541$325$192$18
40 years$1,322$833$507$300$174$15
41 years$1,275$793$475$277$158$13
42 years$1,231$755$446$256$143$11
43 years$1,189$719$418$236$130$9
44 years$1,149$686$393$218$118$8
45 years$1,111$654$369$201$107$6
46 years$1,074$624$346$186$97$5
47 years$1,040$595$325$172$88$5
48 years$1,006$568$306$159$80$4
49 years$975$543$287$147$73$3
50 years$944$518$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $967,000, adding $6,163 every year, while hoping to spend $24,675 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: 49/28/23 Blend
54$967,000$967,000$967,000$967,000
55$1,071,991$1,020,740$1,005,752$1,117,284
56$1,155,080$1,044,502$1,013,190$1,173,227
57$1,245,817$1,068,602$1,020,051$1,230,991
58$1,344,957$1,093,029$1,026,289$1,293,243
59$1,453,328$1,117,774$1,031,856$1,360,415
60$1,571,846$1,142,823$1,036,701$1,432,987
61$1,701,517$1,168,164$1,040,773$1,511,484
62$1,843,448$1,193,780$1,044,015$1,596,488
63$1,998,860$1,219,656$1,046,370$1,688,638
64$2,169,096$1,245,771$1,047,776$1,788,641
65$2,355,637$1,272,107$1,048,169$1,897,273
66$2,560,111$1,298,640$1,047,483$2,015,394
67$2,784,315$1,325,345$1,045,645$2,143,947
68$3,030,223$1,352,196$1,042,583$2,283,974
69$3,300,015$1,379,162$1,038,218$2,436,625
70$3,596,087$1,406,212$1,032,470$2,603,165
71$3,921,083$1,433,311$1,025,252$2,784,991
72$4,277,911$1,460,421$1,016,475$2,983,642
73$4,669,777$1,487,501$1,006,046$3,200,813
74$5,100,212$1,514,506$993,867$3,438,377
75$5,573,107$1,541,390$979,834$3,698,394
76$6,092,746$1,568,100$963,841$3,983,139
77$6,663,850$1,594,581$945,774$4,295,117
78$7,291,620$1,620,773$925,515$4,637,091
79$7,981,788$1,646,613$902,941$5,012,108
80$8,740,664$1,672,031$877,924$5,423,526
81$9,575,205$1,696,954$850,328$5,875,046
82$10,493,073$1,721,302$820,011$6,370,750
83$11,502,712$1,744,991$786,827$6,915,137
84$12,613,423$1,767,931$750,620$7,513,167
85$13,835,456$1,790,023$711,230$8,170,306
86$15,180,104$1,811,165$668,487$8,892,584
87$16,659,808$1,831,246$622,215$9,686,644
88$18,288,280$1,850,148$572,230$10,559,810
89$20,080,624$1,867,745$518,340$11,520,159
90$22,053,486$1,883,903$460,343$12,576,589
91$24,225,207$1,898,479$398,029$13,738,913
92$26,615,994$1,911,321$331,179$15,017,946
93$29,248,115$1,922,266$259,564$16,425,611
94$32,146,108$1,931,141$182,944$17,975,049
95$35,337,008$1,937,765$101,070$19,680,746
96$38,850,608$1,941,940$13,681$21,558,672
97$42,719,736$1,943,461$0$23,626,426
98$46,980,566$1,942,107$0$25,922,940
99$51,672,957$1,937,645$0$28,454,921
100$56,840,835$1,929,825$0$31,242,652