Can I retire at age 55 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$80,019$79,306$78,611$77,932$77,269$75,249
2 years$39,613$38,876$38,161$37,467$36,795$34,773
3 years$26,147$25,406$24,692$24,006$23,344$21,384
4 years$19,415$18,676$17,970$17,295$16,649$14,766
5 years$15,376$14,642$13,945$13,284$12,657$10,856
6 years$12,685$11,956$11,270$10,623$10,015$8,298
7 years$10,764$10,041$9,365$8,734$8,145$6,512
8 years$9,323$8,607$7,943$7,327$6,757$5,207
9 years$8,203$7,494$6,841$6,241$5,690$4,223
10 years$7,308$6,606$5,964$5,380$4,848$3,461
11 years$6,576$5,880$5,251$4,682$4,170$2,860
12 years$5,966$5,278$4,660$4,107$3,613$2,379
13 years$5,451$4,770$4,163$3,626$3,151$1,990
14 years$5,009$4,336$3,741$3,218$2,762$1,672
15 years$4,627$3,961$3,377$2,870$2,432$1,409
16 years$4,293$3,634$3,062$2,570$2,149$1,192
17 years$3,999$3,347$2,786$2,309$1,906$1,010
18 years$3,737$3,092$2,544$2,081$1,695$858
19 years$3,503$2,866$2,329$1,880$1,510$730
20 years$3,293$2,663$2,137$1,703$1,349$622
21 years$3,104$2,481$1,966$1,546$1,207$530
22 years$2,931$2,316$1,812$1,405$1,082$453
23 years$2,774$2,166$1,673$1,280$971$387
24 years$2,630$2,029$1,547$1,167$873$331
25 years$2,498$1,904$1,433$1,066$786$283
26 years$2,377$1,790$1,329$975$708$243
27 years$2,264$1,684$1,234$892$638$208
28 years$2,160$1,587$1,147$817$576$178
29 years$2,063$1,497$1,068$750$520$153
30 years$1,972$1,414$994$688$470$131
31 years$1,888$1,337$927$632$425$112
32 years$1,809$1,265$865$581$384$96
33 years$1,735$1,198$808$534$348$83
34 years$1,666$1,135$755$491$315$71
35 years$1,601$1,077$705$452$285$61
36 years$1,539$1,022$660$417$258$52
37 years$1,481$971$618$384$234$45
38 years$1,426$922$578$354$212$39
39 years$1,374$877$542$326$192$33
40 years$1,325$835$508$301$175$28
41 years$1,278$794$476$278$158$24
42 years$1,234$757$447$256$144$21
43 years$1,191$721$419$236$130$18
44 years$1,151$687$394$218$118$15
45 years$1,113$655$370$202$107$13
46 years$1,077$625$347$186$98$11
47 years$1,042$597$326$172$89$10
48 years$1,008$569$306$159$80$8
49 years$977$544$288$147$73$7
50 years$946$519$271$136$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $969,000, adding $3,515 every year, while hoping to spend $44,111 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: 79/13/8 Blend
54$969,000$969,000$969,000$969,000
55$1,071,464$1,020,107$1,005,087$1,154,682
56$1,133,819$1,023,158$991,824$1,212,819
57$1,201,057$1,024,881$976,638$1,270,466
58$1,273,627$1,025,163$959,418$1,332,396
59$1,352,027$1,023,886$940,048$1,399,015
60$1,436,801$1,020,923$918,407$1,470,770
61$1,528,548$1,016,142$894,367$1,548,154
62$1,627,927$1,009,400$867,796$1,631,709
63$1,735,662$1,000,547$838,553$1,722,036
64$1,852,550$989,423$806,494$1,819,792
65$1,979,464$975,860$771,467$1,925,706
66$2,117,370$959,677$733,311$2,040,578
67$2,267,326$940,686$691,862$2,165,290
68$2,430,498$918,684$646,944$2,300,817
69$2,608,169$893,460$598,376$2,448,230
70$2,801,749$864,787$545,969$2,608,713
71$3,012,793$832,426$489,524$2,783,568
72$3,243,009$796,126$428,834$2,974,232
73$3,494,278$755,619$363,683$3,182,289
74$3,768,672$710,622$293,844$3,409,485
75$4,068,471$660,836$219,082$3,657,745
76$4,396,184$605,946$139,150$3,929,190
77$4,754,575$545,618$53,791$4,226,159
78$5,146,686$479,497$0$4,551,232
79$5,575,867$407,212$0$4,910,435
80$6,045,808$328,368$0$5,308,825
81$6,560,570$242,548$0$5,745,286
82$7,124,628$149,313$0$6,223,651
83$7,742,909$48,198$0$6,748,148
84$8,420,839$0$0$7,323,433
85$9,164,394$0$0$7,963,407
86$9,980,158$0$0$8,673,125
87$10,875,382$0$0$9,452,003
88$11,858,051$0$0$10,306,995
89$12,936,964$0$0$11,245,759
90$14,121,812$0$0$12,276,731
91$15,423,271$0$0$13,409,206
92$16,853,101$0$0$14,653,421
93$18,424,259$0$0$16,020,655
94$20,151,017$0$0$17,523,334
95$22,049,100$0$0$19,175,145
96$24,135,832$0$0$20,991,171
97$26,430,299$0$0$22,988,027
98$28,953,529$0$0$25,184,018
99$31,728,690$0$0$27,599,313
100$34,781,307$0$0$30,256,134