Can I retire at age 55 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$80,680$79,961$79,260$78,576$77,907$75,535
2 years$39,940$39,197$38,476$37,777$37,099$34,729
3 years$26,362$25,615$24,896$24,204$23,537$21,244
4 years$19,575$18,830$18,118$17,438$16,787$14,588
5 years$15,503$14,763$14,060$13,394$12,761$10,663
6 years$12,790$12,055$11,363$10,711$10,097$8,101
7 years$10,852$10,124$9,443$8,806$8,212$6,318
8 years$9,400$8,678$8,008$7,387$6,813$5,020
9 years$8,271$7,556$6,897$6,292$5,737$4,043
10 years$7,368$6,660$6,013$5,424$4,888$3,291
11 years$6,630$5,929$5,294$4,721$4,204$2,701
12 years$6,015$5,322$4,698$4,141$3,643$2,231
13 years$5,496$4,809$4,198$3,655$3,177$1,852
14 years$5,051$4,371$3,772$3,245$2,785$1,544
15 years$4,665$3,993$3,405$2,894$2,452$1,292
16 years$4,328$3,664$3,087$2,591$2,167$1,083
17 years$4,032$3,374$2,809$2,328$1,922$911
18 years$3,768$3,118$2,565$2,098$1,709$767
19 years$3,532$2,890$2,348$1,896$1,523$647
20 years$3,321$2,685$2,155$1,717$1,360$547
21 years$3,129$2,501$1,982$1,558$1,217$463
22 years$2,955$2,335$1,827$1,417$1,091$392
23 years$2,797$2,184$1,687$1,290$979$332
24 years$2,652$2,046$1,560$1,177$880$281
25 years$2,519$1,920$1,445$1,075$792$239
26 years$2,396$1,805$1,340$983$714$203
27 years$2,283$1,698$1,244$900$643$172
28 years$2,178$1,600$1,157$824$580$146
29 years$2,080$1,510$1,076$756$524$124
30 years$1,989$1,426$1,003$694$474$106
31 years$1,904$1,348$935$637$428$90
32 years$1,824$1,275$872$585$387$76
33 years$1,750$1,208$814$538$351$65
34 years$1,680$1,145$761$495$317$55
35 years$1,614$1,086$711$456$287$47
36 years$1,552$1,030$665$420$260$40
37 years$1,493$979$623$387$236$34
38 years$1,438$930$583$357$214$29
39 years$1,385$884$546$329$194$25
40 years$1,336$841$512$303$176$21
41 years$1,289$801$480$280$160$18
42 years$1,244$763$450$258$145$15
43 years$1,201$727$423$238$132$13
44 years$1,161$693$397$220$119$11
45 years$1,122$661$373$203$108$9
46 years$1,085$630$350$188$98$8
47 years$1,050$601$329$173$89$7
48 years$1,017$574$309$160$81$6
49 years$985$548$290$148$74$5
50 years$954$524$273$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $977,000, adding $5,095 every year, while hoping to spend $57,578 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: 81/14/5 Blend
54$977,000$977,000$977,000$977,000
55$1,081,909$1,030,128$1,014,985$1,168,989
56$1,131,002$1,019,342$987,724$1,215,880
57$1,183,172$1,006,098$957,621$1,259,123
58$1,238,672$990,214$924,518$1,304,803
59$1,297,781$971,498$888,254$1,353,129
60$1,360,800$949,747$848,656$1,404,334
61$1,428,063$924,746$805,547$1,458,674
62$1,499,933$896,267$758,741$1,516,431
63$1,576,810$864,067$708,042$1,577,915
64$1,659,130$827,892$653,247$1,643,470
65$1,747,374$787,471$594,143$1,713,474
66$1,842,067$742,519$530,509$1,788,341
67$1,943,788$692,732$462,110$1,868,533
68$2,053,170$637,791$388,707$1,954,555
69$2,170,909$577,359$310,044$2,046,967
70$2,297,769$511,077$225,858$2,146,384
71$2,434,591$438,568$135,873$2,253,486
72$2,582,295$359,434$39,800$2,369,023
73$2,741,895$273,252$0$2,493,823
74$2,914,504$179,578$0$2,632,145
75$3,101,348$77,941$0$2,784,132
76$3,303,771$0$0$2,948,787
77$3,523,252$0$0$3,132,308
78$3,761,420$0$0$3,344,504
79$4,020,062$0$0$3,574,963
80$4,301,148$0$0$3,825,443
81$4,606,843$0$0$4,097,876
82$4,939,528$0$0$4,394,387
83$5,301,824$0$0$4,717,316
84$5,696,617$0$0$5,069,237
85$6,127,080$0$0$5,452,983
86$6,596,706$0$0$5,871,671
87$7,109,341$0$0$6,328,734
88$7,669,217$0$0$6,827,949
89$8,280,995$0$0$7,373,475
90$8,949,804$0$0$7,969,891
91$9,681,292$0$0$8,622,237
92$10,481,677$0$0$9,336,063
93$11,357,809$0$0$10,117,483
94$12,317,226$0$0$10,973,225
95$13,368,233$0$0$11,910,702
96$14,519,974$0$0$12,938,074
97$15,782,520$0$0$14,064,332
98$17,166,964$0$0$15,299,375
99$18,685,522$0$0$16,654,107
100$20,351,649$0$0$18,140,540