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%16.1%
1 years$80,019$79,306$78,611$77,932$77,269$75,340
2 years$39,613$38,876$38,161$37,467$36,795$34,864
3 years$26,147$25,406$24,692$24,006$23,344$21,471
4 years$19,415$18,676$17,970$17,295$16,649$14,849
5 years$15,376$14,642$13,945$13,284$12,657$10,934
6 years$12,685$11,956$11,270$10,623$10,015$8,371
7 years$10,764$10,041$9,365$8,734$8,145$6,580
8 years$9,323$8,607$7,943$7,327$6,757$5,271
9 years$8,203$7,494$6,841$6,241$5,690$4,282
10 years$7,308$6,606$5,964$5,380$4,848$3,516
11 years$6,576$5,880$5,251$4,682$4,170$2,912
12 years$5,966$5,278$4,660$4,107$3,613$2,427
13 years$5,451$4,770$4,163$3,626$3,151$2,034
14 years$5,009$4,336$3,741$3,218$2,762$1,712
15 years$4,627$3,961$3,377$2,870$2,432$1,446
16 years$4,293$3,634$3,062$2,570$2,149$1,226
17 years$3,999$3,347$2,786$2,309$1,906$1,041
18 years$3,737$3,092$2,544$2,081$1,695$886
19 years$3,503$2,866$2,329$1,880$1,510$756
20 years$3,293$2,663$2,137$1,703$1,349$645
21 years$3,104$2,481$1,966$1,546$1,207$552
22 years$2,931$2,316$1,812$1,405$1,082$472
23 years$2,774$2,166$1,673$1,280$971$405
24 years$2,630$2,029$1,547$1,167$873$347
25 years$2,498$1,904$1,433$1,066$786$298
26 years$2,377$1,790$1,329$975$708$255
27 years$2,264$1,684$1,234$892$638$219
28 years$2,160$1,587$1,147$817$576$188
29 years$2,063$1,497$1,068$750$520$162
30 years$1,972$1,414$994$688$470$139
31 years$1,888$1,337$927$632$425$120
32 years$1,809$1,265$865$581$384$103
33 years$1,735$1,198$808$534$348$89
34 years$1,666$1,135$755$491$315$76
35 years$1,601$1,077$705$452$285$66
36 years$1,539$1,022$660$417$258$56
37 years$1,481$971$618$384$234$49
38 years$1,426$922$578$354$212$42
39 years$1,374$877$542$326$192$36
40 years$1,325$835$508$301$175$31
41 years$1,278$794$476$278$158$27
42 years$1,234$757$447$256$144$23
43 years$1,191$721$419$236$130$20
44 years$1,151$687$394$218$118$17
45 years$1,113$655$370$202$107$15
46 years$1,077$625$347$186$98$13
47 years$1,042$597$326$172$89$11
48 years$1,008$569$306$159$80$9
49 years$977$544$288$147$73$8
50 years$946$519$271$136$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $969,000, adding $6,058 every year, while hoping to spend $53,288 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: 71/20/9 Blend
54$969,000$969,000$969,000$969,000
55$1,074,087$1,022,730$1,007,710$1,148,155
56$1,126,946$1,016,146$984,771$1,191,363
57$1,183,410$1,007,453$959,276$1,231,499
58$1,243,792$996,492$931,086$1,273,978
59$1,308,432$983,093$900,051$1,319,018
60$1,377,705$967,078$866,016$1,366,861
61$1,452,023$948,256$828,819$1,417,772
62$1,531,835$926,427$788,290$1,472,046
63$1,617,637$901,376$744,252$1,530,011
64$1,709,971$872,879$696,520$1,592,026
65$1,809,435$840,697$644,901$1,658,490
66$1,916,683$804,577$589,190$1,729,845
67$2,032,435$764,251$529,178$1,806,577
68$2,157,481$719,438$464,644$1,889,225
69$2,292,691$669,837$395,357$1,978,386
70$2,439,020$615,133$321,075$2,074,718
71$2,597,517$554,992$241,548$2,178,949
72$2,769,336$489,059$156,513$2,291,885
73$2,955,748$416,963$65,695$2,414,414
74$3,158,148$338,307$0$2,547,520
75$3,378,072$252,677$0$2,695,287
76$3,617,208$159,631$0$2,862,846
77$3,877,415$58,705$0$3,045,237
78$4,160,737$0$0$3,243,957
79$4,469,425$0$0$3,471,792
80$4,805,955$0$0$3,734,307
81$5,173,051$0$0$4,020,712
82$5,573,712$0$0$4,333,354
83$6,011,241$0$0$4,674,815
84$6,489,272$0$0$5,047,938
85$7,011,806$0$0$5,455,853
86$7,583,248$0$0$5,902,005
87$8,208,448$0$0$6,390,189
88$8,892,748$0$0$6,924,583
89$9,642,028$0$0$7,509,786
90$10,462,765$0$0$8,150,865
91$11,362,090$0$0$8,853,400
92$12,347,858$0$0$9,623,534
93$13,428,720$0$0$10,468,035
94$14,614,203$0$0$11,394,356
95$15,914,802$0$0$12,410,708
96$17,342,075$0$0$13,526,133
97$18,908,755$0$0$14,750,591
98$20,628,866$0$0$16,095,055
99$22,517,859$0$0$17,571,611
100$24,592,752$0$0$19,193,573