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%16.8%
1 years$80,019$79,306$78,611$77,932$77,269$75,127
2 years$39,613$38,876$38,161$37,467$36,795$34,653
3 years$26,147$25,406$24,692$24,006$23,344$21,269
4 years$19,415$18,676$17,970$17,295$16,649$14,657
5 years$15,376$14,642$13,945$13,284$12,657$10,753
6 years$12,685$11,956$11,270$10,623$10,015$8,201
7 years$10,764$10,041$9,365$8,734$8,145$6,421
8 years$9,323$8,607$7,943$7,327$6,757$5,123
9 years$8,203$7,494$6,841$6,241$5,690$4,144
10 years$7,308$6,606$5,964$5,380$4,848$3,388
11 years$6,576$5,880$5,251$4,682$4,170$2,793
12 years$5,966$5,278$4,660$4,107$3,613$2,317
13 years$5,451$4,770$4,163$3,626$3,151$1,933
14 years$5,009$4,336$3,741$3,218$2,762$1,619
15 years$4,627$3,961$3,377$2,870$2,432$1,361
16 years$4,293$3,634$3,062$2,570$2,149$1,148
17 years$3,999$3,347$2,786$2,309$1,906$970
18 years$3,737$3,092$2,544$2,081$1,695$821
19 years$3,503$2,866$2,329$1,880$1,510$697
20 years$3,293$2,663$2,137$1,703$1,349$592
21 years$3,104$2,481$1,966$1,546$1,207$503
22 years$2,931$2,316$1,812$1,405$1,082$428
23 years$2,774$2,166$1,673$1,280$971$365
24 years$2,630$2,029$1,547$1,167$873$311
25 years$2,498$1,904$1,433$1,066$786$266
26 years$2,377$1,790$1,329$975$708$227
27 years$2,264$1,684$1,234$892$638$194
28 years$2,160$1,587$1,147$817$576$165
29 years$2,063$1,497$1,068$750$520$141
30 years$1,972$1,414$994$688$470$121
31 years$1,888$1,337$927$632$425$103
32 years$1,809$1,265$865$581$384$88
33 years$1,735$1,198$808$534$348$76
34 years$1,666$1,135$755$491$315$65
35 years$1,601$1,077$705$452$285$55
36 years$1,539$1,022$660$417$258$47
37 years$1,481$971$618$384$234$40
38 years$1,426$922$578$354$212$35
39 years$1,374$877$542$326$192$30
40 years$1,325$835$508$301$175$25
41 years$1,278$794$476$278$158$22
42 years$1,234$757$447$256$144$19
43 years$1,191$721$419$236$130$16
44 years$1,151$687$394$218$118$14
45 years$1,113$655$370$202$107$12
46 years$1,077$625$347$186$98$10
47 years$1,042$597$326$172$89$9
48 years$1,008$569$306$159$80$7
49 years$977$544$288$147$73$6
50 years$946$519$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $969,000, adding $6,747 every year, while hoping to spend $42,200 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: 56/37/7 Blend
54$969,000$969,000$969,000$969,000
55$1,074,798$1,023,441$1,008,421$1,132,921
56$1,139,526$1,028,689$997,303$1,178,123
57$1,209,443$1,032,780$984,397$1,222,034
58$1,285,033$1,035,612$969,601$1,268,824
59$1,366,827$1,037,078$952,804$1,318,772
60$1,455,413$1,037,064$933,892$1,372,187
61$1,551,433$1,035,448$912,745$1,429,410
62$1,655,595$1,032,102$889,239$1,490,819
63$1,768,679$1,026,887$863,241$1,556,833
64$1,891,539$1,019,660$834,615$1,627,913
65$2,025,119$1,010,266$803,217$1,704,571
66$2,170,454$998,542$768,898$1,787,372
67$2,328,685$984,315$731,500$1,876,941
68$2,501,066$967,401$690,860$1,973,970
69$2,688,977$947,607$646,807$2,079,224
70$2,893,939$924,726$599,161$2,193,546
71$3,117,624$898,540$547,736$2,317,872
72$3,361,872$868,819$492,336$2,453,234
73$3,628,710$835,319$432,756$2,600,773
74$3,920,370$797,781$368,785$2,761,750
75$4,239,307$755,931$300,198$2,937,559
76$4,588,226$709,482$226,765$3,129,741
77$4,970,105$658,126$148,241$3,339,997
78$5,388,223$601,541$64,375$3,570,206
79$5,846,190$539,386$0$3,822,447
80$6,347,984$471,298$0$4,100,889
81$6,897,984$396,897$0$4,411,443
82$7,501,012$315,779$0$4,752,116
83$8,162,382$227,518$0$5,126,020
84$8,887,943$131,665$0$5,536,592
85$9,684,141$27,745$0$5,987,625
86$10,558,075$0$0$6,483,305
87$11,517,564$0$0$7,062,756
88$12,571,221$0$0$7,711,572
89$13,728,536$0$0$8,424,313
90$14,999,961$0$0$9,207,428
91$16,397,011$0$0$10,068,021
92$17,932,373$0$0$11,013,920
93$19,620,022$0$0$12,053,748
94$21,475,355$0$0$13,197,006
95$23,515,337$0$0$14,454,159
96$25,758,655$0$0$15,836,741
97$28,225,902$0$0$17,357,456
98$30,939,763$0$0$19,030,302
99$33,925,235$0$0$20,870,705
100$37,209,859$0$0$22,895,657