Can I retire at age 55 with 946,000?

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 $946,000?

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$78,120$77,424$76,745$76,082$75,435$74,586
2 years$38,673$37,953$37,255$36,578$35,922$35,066
3 years$25,526$24,803$24,106$23,436$22,790$21,955
4 years$18,954$18,233$17,543$16,884$16,254$15,447
5 years$15,011$14,295$13,614$12,969$12,356$11,578
6 years$12,384$11,673$11,002$10,371$9,777$9,030
7 years$10,508$9,803$9,143$8,527$7,951$7,235
8 years$9,102$8,403$7,754$7,153$6,596$5,911
9 years$8,008$7,316$6,679$6,093$5,555$4,900
10 years$7,134$6,449$5,822$5,252$4,733$4,109
11 years$6,420$5,741$5,126$4,571$4,071$3,476
12 years$5,825$5,153$4,549$4,009$3,528$2,962
13 years$5,321$4,657$4,064$3,539$3,076$2,538
14 years$4,890$4,233$3,652$3,142$2,697$2,186
15 years$4,517$3,867$3,297$2,802$2,374$1,891
16 years$4,191$3,548$2,989$2,509$2,098$1,641
17 years$3,904$3,267$2,720$2,254$1,861$1,428
18 years$3,648$3,019$2,483$2,032$1,654$1,246
19 years$3,420$2,798$2,273$1,836$1,475$1,089
20 years$3,215$2,600$2,086$1,663$1,317$954
21 years$3,030$2,422$1,919$1,509$1,179$837
22 years$2,862$2,261$1,769$1,372$1,056$736
23 years$2,708$2,114$1,633$1,249$948$647
24 years$2,568$1,981$1,510$1,140$852$570
25 years$2,439$1,859$1,399$1,041$767$502
26 years$2,320$1,747$1,297$952$691$443
27 years$2,210$1,644$1,205$871$623$391
28 years$2,108$1,549$1,120$798$562$345
29 years$2,014$1,462$1,042$732$508$305
30 years$1,926$1,380$971$672$459$270
31 years$1,843$1,305$905$617$415$239
32 years$1,766$1,235$844$567$375$211
33 years$1,694$1,169$788$521$339$187
34 years$1,626$1,108$737$480$307$165
35 years$1,563$1,051$689$442$278$146
36 years$1,502$998$644$407$252$130
37 years$1,446$948$603$375$229$115
38 years$1,392$901$565$345$207$102
39 years$1,341$856$529$318$188$90
40 years$1,293$815$496$294$170$80
41 years$1,248$776$465$271$155$71
42 years$1,204$739$436$250$140$63
43 years$1,163$704$409$231$127$56
44 years$1,124$671$384$213$116$49
45 years$1,087$640$361$197$105$44
46 years$1,051$610$339$182$95$39
47 years$1,017$582$318$168$87$34
48 years$984$556$299$155$79$31
49 years$953$531$281$143$71$27
50 years$924$507$264$133$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $946,000, adding $5,099 every year, while hoping to spend $49,719 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: 46/32/22 Blend
54$946,000$946,000$946,000$946,000
55$1,047,752$997,614$982,951$1,089,131
56$1,101,722$993,596$962,979$1,114,669
57$1,159,530$987,715$940,672$1,137,044
58$1,221,516$979,827$915,898$1,160,306
59$1,288,052$969,780$888,522$1,184,561
60$1,359,546$957,412$858,400$1,209,930
61$1,436,445$942,551$825,382$1,236,548
62$1,519,243$925,016$789,312$1,264,568
63$1,608,478$904,614$750,027$1,294,163
64$1,704,745$881,142$707,355$1,325,527
65$1,808,696$854,385$661,118$1,358,876
66$1,921,047$824,114$611,130$1,394,456
67$2,042,585$790,087$557,194$1,432,539
68$2,174,177$752,049$499,108$1,473,434
69$2,316,773$709,729$436,658$1,517,483
70$2,471,420$662,842$369,622$1,565,070
71$2,639,268$611,085$297,768$1,616,624
72$2,821,584$554,138$220,853$1,672,625
73$3,019,758$491,664$138,625$1,733,608
74$3,235,324$423,306$50,819$1,800,169
75$3,469,965$348,686$0$1,872,973
76$3,725,535$267,405$0$1,962,828
77$4,004,075$179,043$0$2,073,876
78$4,307,830$83,156$0$2,195,165
79$4,639,271$0$0$2,327,789
80$5,001,118$0$0$2,480,258
81$5,396,366$0$0$2,678,888
82$5,828,311$0$0$2,896,065
83$6,300,582$0$0$3,133,628
84$6,817,175$0$0$3,393,602
85$7,382,489$0$0$3,678,213
86$8,001,370$0$0$3,989,916
87$8,679,150$0$0$4,331,413
88$9,421,707$0$0$4,705,680
89$10,235,508$0$0$5,115,996
90$11,127,680$0$0$5,565,969
91$12,106,070$0$0$6,059,576
92$13,179,322$0$0$6,601,196
93$14,356,956$0$0$7,195,653
94$15,649,459$0$0$7,848,260
95$17,068,383$0$0$8,564,871
96$18,626,451$0$0$9,351,933
97$20,337,680$0$0$10,216,548
98$22,217,512$0$0$11,166,542
99$24,282,956$0$0$12,210,534
100$26,552,753$0$0$13,358,022