Can I retire at age 55 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$80,762$80,043$79,341$78,656$77,987$75,160
2 years$39,981$39,237$38,515$37,815$37,137$34,320
3 years$26,389$25,642$24,922$24,229$23,561$20,843
4 years$19,595$18,849$18,137$17,455$16,804$14,205
5 years$15,519$14,778$14,075$13,407$12,774$10,301
6 years$12,803$12,067$11,375$10,722$10,108$7,762
7 years$10,863$10,134$9,452$8,815$8,220$6,002
8 years$9,410$8,687$8,016$7,395$6,820$4,726
9 years$8,279$7,563$6,904$6,299$5,743$3,772
10 years$7,376$6,667$6,019$5,430$4,893$3,042
11 years$6,637$5,935$5,299$4,725$4,208$2,472
12 years$6,022$5,327$4,703$4,145$3,647$2,022
13 years$5,501$4,814$4,202$3,659$3,180$1,661
14 years$5,056$4,376$3,775$3,248$2,788$1,371
15 years$4,670$3,997$3,409$2,897$2,455$1,134
16 years$4,333$3,668$3,091$2,594$2,169$941
17 years$4,036$3,378$2,812$2,331$1,923$783
18 years$3,772$3,121$2,567$2,100$1,710$652
19 years$3,536$2,893$2,350$1,898$1,524$544
20 years$3,324$2,688$2,157$1,719$1,362$454
21 years$3,132$2,504$1,984$1,560$1,219$380
22 years$2,958$2,337$1,828$1,418$1,092$318
23 years$2,800$2,186$1,688$1,292$980$266
24 years$2,655$2,048$1,561$1,178$881$223
25 years$2,521$1,922$1,446$1,076$793$187
26 years$2,399$1,806$1,341$984$714$157
27 years$2,285$1,700$1,245$900$644$132
28 years$2,180$1,602$1,158$825$581$110
29 years$2,082$1,511$1,077$757$525$93
30 years$1,991$1,427$1,004$694$474$78
31 years$1,906$1,349$936$638$429$65
32 years$1,826$1,277$873$586$388$55
33 years$1,751$1,209$815$539$351$46
34 years$1,681$1,146$762$496$318$39
35 years$1,615$1,087$712$456$288$32
36 years$1,553$1,032$666$420$261$27
37 years$1,495$980$623$387$236$23
38 years$1,439$931$584$357$214$19
39 years$1,387$885$547$329$194$16
40 years$1,337$842$513$304$176$14
41 years$1,290$802$481$280$160$11
42 years$1,245$764$451$259$145$10
43 years$1,203$728$423$239$132$8
44 years$1,162$694$397$220$119$7
45 years$1,123$661$373$204$108$6
46 years$1,087$631$350$188$98$5
47 years$1,051$602$329$174$89$4
48 years$1,018$575$309$160$81$3
49 years$986$549$291$148$74$3
50 years$955$524$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $978,000, adding $2,681 every year, while hoping to spend $42,784 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: 28/50/22 Blend
54$978,000$978,000$978,000$978,000
55$1,080,521$1,028,687$1,013,528$1,103,231
56$1,145,213$1,033,571$1,001,960$1,126,041
57$1,215,069$1,037,261$988,570$1,146,573
58$1,290,571$1,039,651$973,252$1,167,731
59$1,372,248$1,040,634$955,895$1,189,594
60$1,460,683$1,040,090$936,383$1,212,256
61$1,556,516$1,037,897$914,595$1,235,819
62$1,660,448$1,033,922$890,401$1,260,404
63$1,773,254$1,028,025$863,670$1,286,145
64$1,895,785$1,020,057$834,262$1,313,195
65$2,028,977$1,009,861$802,031$1,341,728
66$2,173,858$997,270$766,825$1,371,938
67$2,331,562$982,106$728,484$1,404,046
68$2,503,334$964,183$686,842$1,438,301
69$2,690,547$943,301$641,724$1,474,982
70$2,894,710$919,250$592,948$1,514,403
71$3,117,484$891,806$540,326$1,556,917
72$3,360,697$860,735$483,656$1,602,919
73$3,626,363$825,785$422,734$1,652,853
74$3,916,697$786,694$357,340$1,707,213
75$4,234,140$743,181$287,251$1,766,556
76$4,581,376$694,952$212,228$1,831,501
77$4,961,365$641,692$132,026$1,902,741
78$5,377,362$583,073$46,386$1,981,050
79$5,832,953$518,744$0$2,067,289
80$6,332,089$448,337$0$2,172,985
81$6,879,118$371,462$0$2,300,951
82$7,478,830$287,706$0$2,441,549
83$8,136,502$196,634$0$2,596,176
84$8,857,943$97,787$0$2,766,386
85$9,649,553$0$0$2,953,897
86$10,518,384$0$0$3,165,744
87$11,472,199$0$0$3,457,539
88$12,519,553$0$0$3,778,117
89$13,669,868$0$0$4,130,384
90$14,933,525$0$0$4,517,538
91$16,321,959$0$0$4,943,108
92$17,847,768$0$0$5,410,976
93$19,524,830$0$0$5,925,422
94$21,368,434$0$0$6,491,161
95$23,395,427$0$0$7,113,387
96$25,624,366$0$0$7,797,826
97$28,075,699$0$0$8,550,781
98$30,771,954$0$0$9,379,201
99$33,737,951$0$0$10,290,742
100$37,001,039$0$0$11,293,838