Can I retire at age 55 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$78,533$77,833$77,151$76,485$75,834$74,949
2 years$38,878$38,154$37,452$36,771$36,111$35,220
3 years$25,661$24,934$24,234$23,560$22,911$22,041
4 years$19,054$18,329$17,636$16,974$16,340$15,499
5 years$15,091$14,370$13,686$13,037$12,421$11,612
6 years$12,449$11,734$11,061$10,426$9,829$9,051
7 years$10,564$9,854$9,191$8,572$7,993$7,248
8 years$9,150$8,447$7,795$7,191$6,631$5,918
9 years$8,051$7,355$6,714$6,125$5,584$4,903
10 years$7,172$6,483$5,853$5,280$4,758$4,109
11 years$6,454$5,771$5,153$4,595$4,092$3,474
12 years$5,855$5,180$4,573$4,030$3,546$2,958
13 years$5,350$4,681$4,086$3,558$3,092$2,534
14 years$4,916$4,255$3,671$3,159$2,711$2,181
15 years$4,541$3,887$3,315$2,817$2,387$1,885
16 years$4,213$3,566$3,005$2,522$2,109$1,634
17 years$3,924$3,284$2,735$2,266$1,870$1,421
18 years$3,668$3,035$2,496$2,042$1,663$1,239
19 years$3,438$2,813$2,285$1,845$1,482$1,083
20 years$3,232$2,614$2,097$1,671$1,324$948
21 years$3,046$2,435$1,929$1,517$1,185$831
22 years$2,877$2,273$1,778$1,379$1,062$729
23 years$2,723$2,126$1,642$1,256$953$641
24 years$2,581$1,992$1,518$1,146$857$564
25 years$2,452$1,869$1,406$1,046$771$497
26 years$2,332$1,756$1,304$957$695$438
27 years$2,222$1,653$1,211$876$626$386
28 years$2,120$1,558$1,126$802$565$341
29 years$2,024$1,469$1,048$736$510$301
30 years$1,936$1,388$976$675$461$266
31 years$1,853$1,312$910$620$417$235
32 years$1,776$1,241$849$570$377$208
33 years$1,703$1,176$793$524$341$184
34 years$1,635$1,114$741$482$309$162
35 years$1,571$1,057$692$444$280$144
36 years$1,510$1,003$648$409$254$127
37 years$1,453$953$606$377$230$113
38 years$1,399$905$568$347$208$100
39 years$1,348$861$532$320$189$88
40 years$1,300$819$499$295$171$78
41 years$1,254$780$467$272$155$69
42 years$1,211$743$438$251$141$61
43 years$1,169$707$411$232$128$54
44 years$1,130$674$386$214$116$48
45 years$1,092$643$363$198$105$43
46 years$1,057$613$341$183$96$38
47 years$1,022$585$320$169$87$33
48 years$990$559$301$156$79$30
49 years$958$534$283$144$72$26
50 years$929$510$266$133$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $951,000, adding $5,855 every year, while hoping to spend $27,603 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: 40/34/26 Blend
54$951,000$951,000$951,000$951,000
55$1,054,041$1,003,638$988,898$1,087,906
56$1,132,184$1,023,447$992,657$1,132,770
57$1,217,373$1,043,302$995,616$1,178,258
58$1,310,296$1,063,175$997,720$1,226,935
59$1,411,713$1,083,037$998,911$1,279,109
60$1,522,459$1,102,858$999,126$1,335,120
61$1,643,454$1,122,602$998,301$1,395,344
62$1,775,710$1,142,233$996,368$1,460,197
63$1,920,342$1,161,712$993,256$1,530,135
64$2,078,577$1,180,996$988,890$1,605,666
65$2,251,767$1,200,039$983,192$1,687,347
66$2,441,398$1,218,793$976,081$1,775,796
67$2,649,111$1,237,203$967,469$1,871,691
68$2,876,709$1,255,215$957,268$1,975,785
69$3,126,179$1,272,767$945,383$2,088,907
70$3,399,711$1,289,794$931,715$2,211,972
71$3,699,716$1,306,228$916,161$2,345,990
72$4,028,847$1,321,994$898,613$2,492,076
73$4,390,031$1,337,012$878,958$2,651,461
74$4,786,487$1,351,199$857,076$2,825,504
75$5,221,766$1,364,465$832,845$3,015,701
76$5,699,775$1,376,713$806,134$3,223,709
77$6,224,821$1,387,841$776,809$3,451,352
78$6,801,647$1,397,739$744,726$3,700,644
79$7,435,479$1,406,293$709,739$3,973,807
80$8,132,074$1,413,377$671,691$4,273,294
81$8,897,774$1,418,861$630,421$4,601,810
82$9,739,567$1,422,605$585,760$4,962,340
83$10,665,151$1,424,461$537,531$5,358,176
84$11,683,007$1,424,270$485,549$5,792,952
85$12,802,479$1,421,865$429,621$6,270,675
86$14,033,863$1,417,068$369,545$6,795,766
87$15,388,503$1,409,690$305,110$7,373,101
88$16,878,897$1,399,531$236,098$8,008,059
89$18,518,815$1,386,378$162,277$8,706,573
90$20,323,430$1,370,007$83,409$9,475,186
91$22,309,460$1,350,177$0$10,321,115
92$24,495,326$1,326,637$0$11,252,531
93$26,901,325$1,299,118$0$12,302,708
94$29,549,821$1,267,336$0$13,458,239
95$32,465,458$1,230,990$0$14,729,880
96$35,675,388$1,189,762$0$16,129,485
97$39,209,533$1,143,316$0$17,670,122
98$43,100,861$1,091,294$0$19,366,197
99$47,385,701$1,033,319$0$21,233,588
100$52,104,084$968,993$0$23,289,798