Can I retire at age 55 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$80,515$79,797$79,098$78,415$77,748$75,319
2 years$39,859$39,116$38,397$37,699$37,023$34,598
3 years$26,309$25,563$24,845$24,154$23,489$21,143
4 years$19,535$18,791$18,081$17,402$16,752$14,504
5 years$15,472$14,733$14,032$13,366$12,735$10,590
6 years$12,764$12,030$11,340$10,689$10,077$8,038
7 years$10,830$10,103$9,423$8,788$8,195$6,261
8 years$9,381$8,660$7,992$7,372$6,799$4,969
9 years$8,254$7,540$6,883$6,279$5,725$3,997
10 years$7,353$6,646$6,001$5,413$4,878$3,250
11 years$6,617$5,917$5,283$4,711$4,196$2,663
12 years$6,003$5,311$4,689$4,132$3,636$2,197
13 years$5,485$4,799$4,189$3,648$3,170$1,821
14 years$5,040$4,362$3,764$3,238$2,779$1,516
15 years$4,656$3,985$3,398$2,888$2,447$1,267
16 years$4,320$3,656$3,081$2,586$2,163$1,061
17 years$4,023$3,367$2,804$2,323$1,918$891
18 years$3,760$3,112$2,559$2,094$1,705$749
19 years$3,525$2,884$2,343$1,892$1,520$631
20 years$3,314$2,680$2,150$1,714$1,357$533
21 years$3,123$2,496$1,978$1,555$1,215$450
22 years$2,949$2,330$1,823$1,414$1,089$380
23 years$2,791$2,179$1,683$1,288$977$322
24 years$2,647$2,042$1,557$1,174$879$272
25 years$2,514$1,916$1,442$1,073$791$231
26 years$2,391$1,801$1,337$981$712$195
27 years$2,278$1,695$1,242$898$642$166
28 years$2,173$1,597$1,154$822$579$141
29 years$2,076$1,507$1,074$754$523$119
30 years$1,985$1,423$1,000$692$473$101
31 years$1,900$1,345$933$636$427$86
32 years$1,820$1,273$870$584$387$73
33 years$1,746$1,205$813$537$350$62
34 years$1,676$1,142$759$494$317$53
35 years$1,610$1,083$710$455$287$45
36 years$1,549$1,028$664$419$260$38
37 years$1,490$977$622$386$236$32
38 years$1,435$928$582$356$214$27
39 years$1,383$883$545$328$194$23
40 years$1,333$840$511$303$176$20
41 years$1,286$799$479$279$159$17
42 years$1,241$761$450$258$145$14
43 years$1,199$725$422$238$131$12
44 years$1,158$691$396$220$119$10
45 years$1,120$659$372$203$108$9
46 years$1,083$629$349$187$98$7
47 years$1,048$600$328$173$89$6
48 years$1,015$573$308$160$81$5
49 years$983$547$290$148$74$5
50 years$952$523$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $975,000, adding $4,969 every year, while hoping to spend $49,273 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: 63/14/23 Blend
54$975,000$975,000$975,000$975,000
55$1,079,576$1,027,901$1,012,788$1,140,804
56$1,137,266$1,025,842$994,290$1,180,694
57$1,199,190$1,022,030$973,522$1,218,318
58$1,265,726$1,016,329$950,354$1,258,302
59$1,337,292$1,008,591$924,652$1,300,880
60$1,414,345$998,661$896,278$1,346,315
61$1,497,389$986,376$865,083$1,394,896
62$1,586,974$971,560$830,915$1,446,946
63$1,683,708$954,028$793,613$1,502,820
64$1,788,256$933,586$753,009$1,562,912
65$1,901,352$910,026$708,929$1,627,658
66$2,023,801$883,128$661,189$1,697,544
67$2,156,488$852,661$609,598$1,773,102
68$2,300,386$818,377$553,956$1,854,927
69$2,456,565$780,018$494,053$1,943,672
70$2,626,204$737,307$429,673$2,040,064
71$2,810,596$689,955$360,586$2,144,905
72$3,011,166$637,652$286,556$2,259,081
73$3,229,482$580,074$207,332$2,383,576
74$3,467,269$516,877$122,657$2,519,473
75$3,726,424$447,697$32,260$2,667,973
76$4,009,035$372,151$0$2,830,404
77$4,317,402$289,832$0$3,023,988
78$4,654,055$200,312$0$3,244,063
79$5,021,780$103,138$0$3,484,569
80$5,423,642$0$0$3,747,565
81$5,863,018$0$0$4,035,655
82$6,343,624$0$0$4,368,224
83$6,869,554$0$0$4,732,225
84$7,445,313$0$0$5,130,785
85$8,075,864$0$0$5,567,348
86$8,766,671$0$0$6,045,707
87$9,523,754$0$0$6,570,039
88$10,353,740$0$0$7,144,945
89$11,263,929$0$0$7,775,490
90$12,262,362$0$0$8,467,257
91$13,357,895$0$0$9,226,393
92$14,560,282$0$0$10,059,667
93$15,880,269$0$0$10,974,539
94$17,329,693$0$0$11,979,225
95$18,921,591$0$0$13,082,776
96$20,670,327$0$0$14,295,161
97$22,591,724$0$0$15,627,364
98$24,703,214$0$0$17,091,487
99$27,024,001$0$0$18,700,859
100$29,575,241$0$0$20,470,167