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%11.8%
1 years$80,019$79,306$78,611$77,932$77,269$76,686
2 years$39,613$38,876$38,161$37,467$36,795$36,207
3 years$26,147$25,406$24,692$24,006$23,344$22,770
4 years$19,415$18,676$17,970$17,295$16,649$16,092
5 years$15,376$14,642$13,945$13,284$12,657$12,119
6 years$12,685$11,956$11,270$10,623$10,015$9,498
7 years$10,764$10,041$9,365$8,734$8,145$7,648
8 years$9,323$8,607$7,943$7,327$6,757$6,280
9 years$8,203$7,494$6,841$6,241$5,690$5,234
10 years$7,308$6,606$5,964$5,380$4,848$4,412
11 years$6,576$5,880$5,251$4,682$4,170$3,753
12 years$5,966$5,278$4,660$4,107$3,613$3,216
13 years$5,451$4,770$4,163$3,626$3,151$2,773
14 years$5,009$4,336$3,741$3,218$2,762$2,403
15 years$4,627$3,961$3,377$2,870$2,432$2,090
16 years$4,293$3,634$3,062$2,570$2,149$1,825
17 years$3,999$3,347$2,786$2,309$1,906$1,599
18 years$3,737$3,092$2,544$2,081$1,695$1,404
19 years$3,503$2,866$2,329$1,880$1,510$1,235
20 years$3,293$2,663$2,137$1,703$1,349$1,089
21 years$3,104$2,481$1,966$1,546$1,207$962
22 years$2,931$2,316$1,812$1,405$1,082$851
23 years$2,774$2,166$1,673$1,280$971$754
24 years$2,630$2,029$1,547$1,167$873$668
25 years$2,498$1,904$1,433$1,066$786$593
26 years$2,377$1,790$1,329$975$708$527
27 years$2,264$1,684$1,234$892$638$468
28 years$2,160$1,587$1,147$817$576$417
29 years$2,063$1,497$1,068$750$520$371
30 years$1,972$1,414$994$688$470$330
31 years$1,888$1,337$927$632$425$294
32 years$1,809$1,265$865$581$384$262
33 years$1,735$1,198$808$534$348$234
34 years$1,666$1,135$755$491$315$209
35 years$1,601$1,077$705$452$285$186
36 years$1,539$1,022$660$417$258$166
37 years$1,481$971$618$384$234$148
38 years$1,426$922$578$354$212$132
39 years$1,374$877$542$326$192$118
40 years$1,325$835$508$301$175$106
41 years$1,278$794$476$278$158$94
42 years$1,234$757$447$256$144$84
43 years$1,191$721$419$236$130$75
44 years$1,151$687$394$218$118$67
45 years$1,113$655$370$202$107$60
46 years$1,077$625$347$186$98$54
47 years$1,042$597$326$172$89$48
48 years$1,008$569$306$159$80$43
49 years$977$544$288$147$73$38
50 years$946$519$271$136$66$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $969,000, adding $2,827 every year, while hoping to spend $41,509 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: 66/28/6 Blend
54$969,000$969,000$969,000$969,000
55$1,070,754$1,019,397$1,004,378$1,140,237
56$1,135,806$1,025,182$993,859$1,192,508
57$1,206,101$1,029,860$981,597$1,244,364
58$1,282,132$1,033,331$967,489$1,299,927
59$1,364,438$1,035,493$951,428$1,359,552
60$1,453,612$1,036,233$933,302$1,423,630
61$1,550,307$1,035,435$912,994$1,492,595
62$1,655,240$1,032,974$890,381$1,566,925
63$1,769,201$1,028,715$865,335$1,647,146
64$1,893,057$1,022,520$837,722$1,733,841
65$2,027,764$1,014,238$807,400$1,827,651
66$2,174,371$1,003,711$774,224$1,929,285
67$2,334,035$990,772$738,038$2,039,525
68$2,508,028$975,241$698,684$2,159,234
69$2,697,751$956,931$655,993$2,289,365
70$2,904,742$935,642$609,790$2,430,969
71$3,130,699$911,162$559,892$2,585,206
72$3,377,489$883,267$506,106$2,753,357
73$3,647,166$851,720$448,234$2,936,833
74$3,941,993$816,271$386,066$3,137,195
75$4,264,461$776,653$319,384$3,356,163
76$4,617,313$732,585$247,960$3,595,635
77$5,003,569$683,772$171,557$3,857,707
78$5,426,554$629,899$89,926$4,144,688
79$5,889,932$570,633$2,807$4,459,131
80$6,397,735$505,624$0$4,803,849
81$6,954,406$434,501$0$5,187,718
82$7,564,836$356,872$0$5,608,958
83$8,234,414$272,324$0$6,071,188
84$8,969,075$180,419$0$6,578,595
85$9,775,356$80,694$0$7,135,798
86$10,660,458$0$0$7,747,891
87$11,632,313$0$0$8,428,916
88$12,699,658$0$0$9,204,225
89$13,872,119$0$0$10,055,956
90$15,160,300$0$0$10,991,820
91$16,575,882$0$0$12,020,313
92$18,131,734$0$0$13,150,792
93$19,842,034$0$0$14,393,568
94$21,722,402$0$0$15,760,002
95$23,790,046$0$0$17,262,609
96$26,063,927$0$0$18,915,176
97$28,564,934$0$0$20,732,897
98$31,316,081$0$0$22,732,508
99$34,342,728$0$0$24,932,453
100$37,672,813$0$0$27,353,051