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%12.7%
1 years$80,515$79,797$79,098$78,415$77,748$76,872
2 years$39,859$39,116$38,397$37,699$37,023$36,141
3 years$26,309$25,563$24,845$24,154$23,489$22,629
4 years$19,535$18,791$18,081$17,402$16,752$15,920
5 years$15,472$14,733$14,032$13,366$12,735$11,933
6 years$12,764$12,030$11,340$10,689$10,077$9,307
7 years$10,830$10,103$9,423$8,788$8,195$7,457
8 years$9,381$8,660$7,992$7,372$6,799$6,092
9 years$8,254$7,540$6,883$6,279$5,725$5,051
10 years$7,353$6,646$6,001$5,413$4,878$4,235
11 years$6,617$5,917$5,283$4,711$4,196$3,582
12 years$6,003$5,311$4,689$4,132$3,636$3,052
13 years$5,485$4,799$4,189$3,648$3,170$2,616
14 years$5,040$4,362$3,764$3,238$2,779$2,253
15 years$4,656$3,985$3,398$2,888$2,447$1,949
16 years$4,320$3,656$3,081$2,586$2,163$1,691
17 years$4,023$3,367$2,804$2,323$1,918$1,472
18 years$3,760$3,112$2,559$2,094$1,705$1,284
19 years$3,525$2,884$2,343$1,892$1,520$1,123
20 years$3,314$2,680$2,150$1,714$1,357$984
21 years$3,123$2,496$1,978$1,555$1,215$863
22 years$2,949$2,330$1,823$1,414$1,089$758
23 years$2,791$2,179$1,683$1,288$977$667
24 years$2,647$2,042$1,557$1,174$879$587
25 years$2,514$1,916$1,442$1,073$791$517
26 years$2,391$1,801$1,337$981$712$456
27 years$2,278$1,695$1,242$898$642$403
28 years$2,173$1,597$1,154$822$579$356
29 years$2,076$1,507$1,074$754$523$314
30 years$1,985$1,423$1,000$692$473$278
31 years$1,900$1,345$933$636$427$246
32 years$1,820$1,273$870$584$387$218
33 years$1,746$1,205$813$537$350$193
34 years$1,676$1,142$759$494$317$170
35 years$1,610$1,083$710$455$287$151
36 years$1,549$1,028$664$419$260$134
37 years$1,490$977$622$386$236$118
38 years$1,435$928$582$356$214$105
39 years$1,383$883$545$328$194$93
40 years$1,333$840$511$303$176$82
41 years$1,286$799$479$279$159$73
42 years$1,241$761$450$258$145$65
43 years$1,199$725$422$238$131$57
44 years$1,158$691$396$220$119$51
45 years$1,120$659$372$203$108$45
46 years$1,083$629$349$187$98$40
47 years$1,048$600$328$173$89$36
48 years$1,015$573$308$160$81$32
49 years$983$547$290$148$74$28
50 years$952$523$272$137$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $975,000, adding $3,430 every year, while hoping to spend $20,206 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: 66/24/10 Blend
54$975,000$975,000$975,000$975,000
55$1,077,988$1,026,313$1,011,201$1,146,643
56$1,166,444$1,055,103$1,023,577$1,221,570
57$1,263,245$1,084,627$1,035,690$1,300,716
58$1,369,221$1,114,899$1,047,511$1,386,695
59$1,485,286$1,145,934$1,059,007$1,480,172
60$1,612,447$1,177,746$1,070,146$1,581,880
61$1,751,811$1,210,350$1,080,890$1,692,624
62$1,904,600$1,243,761$1,091,204$1,813,293
63$2,072,157$1,277,994$1,101,047$1,944,864
64$2,255,964$1,313,062$1,110,379$2,088,413
65$2,457,651$1,348,981$1,119,156$2,245,126
66$2,679,015$1,385,765$1,127,331$2,416,307
67$2,922,035$1,423,427$1,134,857$2,603,396
68$3,188,890$1,461,983$1,141,682$2,807,976
69$3,481,981$1,501,445$1,147,753$3,031,791
70$3,803,955$1,541,827$1,153,015$3,276,763
71$4,157,724$1,583,143$1,157,407$3,545,008
72$4,546,500$1,625,404$1,160,867$3,838,859
73$4,973,818$1,668,625$1,163,332$4,160,883
74$5,443,576$1,712,815$1,164,731$4,513,912
75$5,960,065$1,757,987$1,164,994$4,901,062
76$6,528,015$1,804,153$1,164,045$5,325,769
77$7,152,637$1,851,320$1,161,805$5,791,816
78$7,839,671$1,899,500$1,158,191$6,303,373
79$8,595,443$1,948,702$1,153,116$6,865,034
80$9,426,922$1,998,932$1,146,489$7,481,860
81$10,341,786$2,050,197$1,138,214$8,159,428
82$11,348,496$2,102,504$1,128,192$8,903,882
83$12,456,373$2,155,858$1,116,317$9,721,994
84$13,675,689$2,210,261$1,102,480$10,621,222
85$15,017,762$2,265,716$1,086,565$11,609,788
86$16,495,061$2,322,224$1,068,452$12,696,749
87$18,121,328$2,379,783$1,048,016$13,892,086
88$19,911,702$2,438,391$1,025,124$15,206,796
89$21,882,868$2,498,045$999,637$16,652,999
90$24,053,208$2,558,736$971,413$18,244,049
91$26,442,979$2,620,458$940,299$19,994,661
92$29,074,501$2,683,199$906,137$21,921,050
93$31,972,370$2,746,946$868,763$24,041,085
94$35,163,689$2,811,683$828,003$26,374,456
95$38,678,321$2,877,391$783,677$28,942,862
96$42,549,175$2,944,049$735,596$31,770,211
97$46,812,516$3,011,632$683,563$34,882,854
98$51,508,301$3,080,111$627,372$38,309,825
99$56,680,566$3,149,454$566,806$42,083,120
100$62,377,831$3,219,626$501,642$46,237,999