Can I retire at age 55 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$78,368$77,669$76,988$76,324$75,675$75,135
2 years$38,796$38,073$37,373$36,694$36,036$35,491
3 years$25,607$24,881$24,183$23,510$22,862$22,330
4 years$19,014$18,290$17,599$16,938$16,306$15,790
5 years$15,059$14,340$13,657$13,010$12,395$11,898
6 years$12,423$11,710$11,037$10,404$9,808$9,329
7 years$10,541$9,834$9,172$8,554$7,977$7,516
8 years$9,131$8,429$7,779$7,176$6,617$6,176
9 years$8,034$7,339$6,700$6,112$5,573$5,150
10 years$7,157$6,469$5,841$5,269$4,748$4,344
11 years$6,440$5,759$5,142$4,585$4,084$3,698
12 years$5,843$5,169$4,564$4,022$3,539$3,171
13 years$5,338$4,671$4,077$3,551$3,086$2,735
14 years$4,906$4,246$3,663$3,152$2,705$2,371
15 years$4,532$3,879$3,308$2,811$2,382$2,065
16 years$4,204$3,559$2,999$2,517$2,105$1,804
17 years$3,916$3,278$2,729$2,261$1,866$1,581
18 years$3,660$3,029$2,491$2,038$1,660$1,389
19 years$3,431$2,807$2,280$1,842$1,479$1,224
20 years$3,225$2,608$2,093$1,668$1,321$1,080
21 years$3,039$2,430$1,925$1,514$1,182$954
22 years$2,871$2,268$1,774$1,376$1,060$845
23 years$2,717$2,121$1,638$1,253$951$749
24 years$2,576$1,987$1,515$1,143$855$664
25 years$2,447$1,865$1,403$1,044$769$590
26 years$2,327$1,753$1,301$955$693$525
27 years$2,217$1,650$1,209$874$625$467
28 years$2,115$1,554$1,123$801$564$416
29 years$2,020$1,466$1,045$734$509$370
30 years$1,932$1,385$974$674$460$330
31 years$1,849$1,309$908$619$416$294
32 years$1,772$1,239$847$569$376$262
33 years$1,700$1,173$791$523$340$234
34 years$1,632$1,112$739$481$308$209
35 years$1,568$1,055$691$443$279$187
36 years$1,507$1,001$646$408$253$167
37 years$1,450$951$605$376$229$149
38 years$1,397$903$566$346$208$133
39 years$1,346$859$531$319$189$119
40 years$1,297$817$497$295$171$106
41 years$1,252$778$466$272$155$95
42 years$1,208$741$438$251$141$85
43 years$1,167$706$411$232$128$76
44 years$1,128$673$385$214$116$68
45 years$1,090$642$362$197$105$61
46 years$1,054$612$340$182$96$54
47 years$1,020$584$319$169$87$49
48 years$988$558$300$156$79$44
49 years$956$533$282$144$72$39
50 years$927$509$265$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $949,000, adding $5,382 every year, while hoping to spend $56,865 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: 40/39/21 Blend
54$949,000$949,000$949,000$949,000
55$1,051,350$1,001,053$986,343$1,086,675
56$1,098,083$989,600$958,882$1,101,052
57$1,147,678$975,681$928,594$1,110,773
58$1,200,365$959,113$895,327$1,120,131
59$1,256,399$939,706$858,916$1,129,124
60$1,316,057$917,257$819,195$1,137,756
61$1,379,642$891,550$775,985$1,146,034
62$1,447,487$862,357$729,102$1,153,971
63$1,519,956$829,439$678,353$1,161,587
64$1,597,450$792,539$623,536$1,168,912
65$1,680,405$751,389$564,440$1,175,981
66$1,769,302$705,703$500,844$1,182,842
67$1,864,668$655,179$432,519$1,189,555
68$1,967,080$599,499$359,225$1,196,191
69$2,077,173$538,325$280,710$1,202,838
70$2,195,644$471,302$196,713$1,209,600
71$2,323,256$398,053$106,959$1,216,602
72$2,460,850$318,179$11,164$1,223,989
73$2,609,348$231,261$0$1,231,930
74$2,769,764$136,855$0$1,261,030
75$2,943,211$34,493$0$1,295,109
76$3,130,915$0$0$1,331,998
77$3,334,220$0$0$1,404,830
78$3,554,607$0$0$1,499,933
79$3,793,703$0$0$1,603,217
80$4,053,297$0$0$1,715,472
81$4,335,358$0$0$1,837,560
82$4,642,050$0$0$1,970,436
83$4,975,757$0$0$2,115,147
84$5,339,098$0$0$2,272,846
85$5,734,959$0$0$2,444,802
86$6,166,512$0$0$2,632,410
87$6,637,252$0$0$2,837,210
88$7,151,022$0$0$3,060,892
89$7,712,055$0$0$3,305,321
90$8,325,009$0$0$3,572,545
91$8,995,015$0$0$3,864,824
92$9,727,717$0$0$4,184,644
93$10,529,335$0$0$4,534,742
94$11,406,713$0$0$4,918,132
95$12,367,390$0$0$5,338,136
96$13,419,668$0$0$5,798,407
97$14,572,689$0$0$6,302,974
98$15,836,521$0$0$6,856,270
99$17,222,252$0$0$7,463,180
100$18,742,095$0$0$8,129,082