Can I retire at age 55 with 978,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$80,762$80,043$79,341$78,656$77,987$75,521
2 years$39,981$39,237$38,515$37,815$37,137$34,674
3 years$26,389$25,642$24,922$24,229$23,561$21,180
4 years$19,595$18,849$18,137$17,455$16,804$14,522
5 years$15,519$14,778$14,075$13,407$12,774$10,598
6 years$12,803$12,067$11,375$10,722$10,108$8,039
7 years$10,863$10,134$9,452$8,815$8,220$6,259
8 years$9,410$8,687$8,016$7,395$6,820$4,964
9 years$8,279$7,563$6,904$6,299$5,743$3,991
10 years$7,376$6,667$6,019$5,430$4,893$3,242
11 years$6,637$5,935$5,299$4,725$4,208$2,656
12 years$6,022$5,327$4,703$4,145$3,647$2,189
13 years$5,501$4,814$4,202$3,659$3,180$1,814
14 years$5,056$4,376$3,775$3,248$2,788$1,509
15 years$4,670$3,997$3,409$2,897$2,455$1,260
16 years$4,333$3,668$3,091$2,594$2,169$1,054
17 years$4,036$3,378$2,812$2,331$1,923$884
18 years$3,772$3,121$2,567$2,100$1,710$743
19 years$3,536$2,893$2,350$1,898$1,524$626
20 years$3,324$2,688$2,157$1,719$1,362$528
21 years$3,132$2,504$1,984$1,560$1,219$445
22 years$2,958$2,337$1,828$1,418$1,092$376
23 years$2,800$2,186$1,688$1,292$980$318
24 years$2,655$2,048$1,561$1,178$881$269
25 years$2,521$1,922$1,446$1,076$793$228
26 years$2,399$1,806$1,341$984$714$193
27 years$2,285$1,700$1,245$900$644$163
28 years$2,180$1,602$1,158$825$581$138
29 years$2,082$1,511$1,077$757$525$117
30 years$1,991$1,427$1,004$694$474$99
31 years$1,906$1,349$936$638$429$84
32 years$1,826$1,277$873$586$388$71
33 years$1,751$1,209$815$539$351$61
34 years$1,681$1,146$762$496$318$51
35 years$1,615$1,087$712$456$288$44
36 years$1,553$1,032$666$420$261$37
37 years$1,495$980$623$387$236$31
38 years$1,439$931$584$357$214$27
39 years$1,387$885$547$329$194$23
40 years$1,337$842$513$304$176$19
41 years$1,290$802$481$280$160$16
42 years$1,245$764$451$259$145$14
43 years$1,203$728$423$239$132$12
44 years$1,162$694$397$220$119$10
45 years$1,123$661$373$204$108$8
46 years$1,087$631$350$188$98$7
47 years$1,051$602$329$174$89$6
48 years$1,018$575$309$160$81$5
49 years$986$549$291$148$74$4
50 years$955$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 $978,000, adding $6,523 every year, while hoping to spend $30,848 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: 67/21/12 Blend
54$978,000$978,000$978,000$978,000
55$1,084,484$1,032,650$1,017,491$1,153,834
56$1,162,280$1,050,428$1,018,755$1,218,615
57$1,246,976$1,068,043$1,019,028$1,285,150
58$1,339,246$1,085,455$1,018,243$1,357,102
59$1,439,826$1,102,620$1,016,332$1,435,000
60$1,549,531$1,119,491$1,013,221$1,519,425
61$1,669,256$1,136,019$1,008,837$1,611,016
62$1,799,985$1,152,149$1,003,098$1,710,480
63$1,942,803$1,167,824$995,921$1,818,594
64$2,098,905$1,182,982$987,220$1,936,216
65$2,269,603$1,197,558$976,902$2,064,290
66$2,456,346$1,211,482$964,871$2,203,858
67$2,660,727$1,224,678$951,028$2,356,067
68$2,884,500$1,237,067$935,267$2,522,183
69$3,129,598$1,248,562$917,477$2,703,599
70$3,398,149$1,259,074$897,545$2,901,852
71$3,692,496$1,268,504$875,348$3,118,637
72$4,015,220$1,276,750$850,762$3,355,820
73$4,369,164$1,283,702$823,654$3,615,461
74$4,757,458$1,289,243$793,886$3,899,828
75$5,183,552$1,293,249$761,314$4,211,422
76$5,651,243$1,295,587$725,787$4,553,000
77$6,164,717$1,296,118$687,148$4,927,602
78$6,728,581$1,294,691$645,231$5,338,577
79$7,347,914$1,291,149$599,864$5,789,618
80$8,028,310$1,285,323$550,867$6,284,795
81$8,775,929$1,277,036$498,053$6,828,597
82$9,597,561$1,266,098$441,225$7,425,968
83$10,500,683$1,252,307$380,177$8,082,362
84$11,493,535$1,235,453$314,695$8,803,788
85$12,585,194$1,215,309$244,556$9,596,871
86$13,785,661$1,191,636$169,526$10,468,914
87$15,105,955$1,164,182$89,361$11,427,966
88$16,558,214$1,132,678$3,806$12,482,900
89$18,155,814$1,096,842$0$13,643,496
90$19,913,492$1,056,372$0$14,931,738
91$21,847,485$1,010,952$0$16,349,554
92$23,975,685$960,245$0$17,909,592
93$26,317,803$903,895$0$19,626,328
94$28,895,560$841,527$0$21,515,716
95$31,732,889$772,744$0$23,595,338
96$34,856,160$697,124$0$25,884,572
97$38,294,429$614,224$0$28,404,774
98$42,079,715$523,575$0$31,179,480
99$46,247,296$424,681$0$34,234,629
100$50,836,047$317,017$0$37,598,808