Can I retire at age 55 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$78,615$77,915$77,232$76,565$75,914$74,139
2 years$38,918$38,194$37,491$36,810$36,149$34,371
3 years$25,688$24,960$24,259$23,585$22,935$21,209
4 years$19,074$18,348$17,655$16,991$16,357$14,697
5 years$15,107$14,385$13,701$13,051$12,434$10,845
6 years$12,463$11,747$11,072$10,437$9,839$8,321
7 years$10,575$9,865$9,201$8,581$8,002$6,556
8 years$9,159$8,456$7,803$7,198$6,638$5,264
9 years$8,059$7,362$6,721$6,131$5,590$4,287
10 years$7,180$6,490$5,859$5,285$4,763$3,529
11 years$6,460$5,777$5,159$4,600$4,097$2,929
12 years$5,862$5,185$4,578$4,035$3,550$2,448
13 years$5,355$4,686$4,090$3,562$3,096$2,057
14 years$4,921$4,260$3,675$3,162$2,714$1,736
15 years$4,546$3,891$3,318$2,820$2,389$1,471
16 years$4,218$3,570$3,008$2,525$2,112$1,250
17 years$3,928$3,288$2,737$2,269$1,872$1,065
18 years$3,671$3,038$2,499$2,044$1,665$909
19 years$3,442$2,816$2,288$1,847$1,484$777
20 years$3,236$2,617$2,100$1,673$1,325$666
21 years$3,049$2,437$1,931$1,518$1,186$571
22 years$2,880$2,275$1,780$1,381$1,063$490
23 years$2,725$2,128$1,643$1,257$954$421
24 years$2,584$1,994$1,520$1,147$858$362
25 years$2,454$1,871$1,408$1,047$772$312
26 years$2,335$1,758$1,306$958$695$269
27 years$2,224$1,655$1,212$877$627$231
28 years$2,122$1,559$1,127$803$566$200
29 years$2,027$1,471$1,049$736$511$172
30 years$1,938$1,389$977$676$461$148
31 years$1,855$1,313$911$621$417$128
32 years$1,778$1,243$850$570$377$111
33 years$1,705$1,177$793$525$342$95
34 years$1,637$1,115$741$483$309$82
35 years$1,572$1,058$693$444$280$71
36 years$1,512$1,004$648$409$254$61
37 years$1,455$954$607$377$230$53
38 years$1,401$906$568$348$209$46
39 years$1,350$862$532$320$189$40
40 years$1,302$820$499$296$172$34
41 years$1,256$781$468$273$156$30
42 years$1,212$743$439$252$141$26
43 years$1,171$708$412$232$128$22
44 years$1,131$675$387$214$116$19
45 years$1,094$644$363$198$106$16
46 years$1,058$614$341$183$96$14
47 years$1,023$586$320$169$87$12
48 years$991$559$301$156$79$11
49 years$959$534$283$144$72$9
50 years$929$510$266$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $952,000, adding $2,766 every year, while hoping to spend $32,645 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: 44/37/19 Blend
54$952,000$952,000$952,000$952,000
55$1,051,957$1,001,501$986,745$1,092,350
56$1,124,523$1,015,841$985,067$1,135,379
57$1,203,396$1,029,789$982,239$1,178,557
58$1,289,186$1,043,292$978,187$1,224,679
59$1,382,562$1,056,292$972,835$1,274,031
60$1,484,261$1,068,729$966,104$1,326,931
61$1,595,096$1,080,536$957,908$1,383,732
62$1,715,957$1,091,644$948,160$1,444,821
63$1,847,829$1,101,979$936,767$1,510,629
64$1,991,792$1,111,461$923,634$1,581,629
65$2,149,038$1,120,005$908,658$1,658,347
66$2,320,876$1,127,521$891,734$1,741,362
67$2,508,749$1,133,914$872,751$1,831,315
68$2,714,247$1,139,081$851,594$1,928,915
69$2,939,118$1,142,914$828,140$2,034,942
70$3,185,288$1,145,297$802,263$2,150,263
71$3,454,879$1,146,107$773,830$2,275,830
72$3,750,225$1,145,216$742,702$2,412,700
73$4,073,900$1,142,483$708,735$2,562,038
74$4,428,736$1,137,763$671,775$2,725,130
75$4,817,853$1,130,900$631,666$2,903,398
76$5,244,688$1,121,728$588,241$3,098,411
77$5,713,026$1,110,072$541,326$3,311,903
78$6,227,035$1,095,746$490,741$3,545,788
79$6,791,309$1,078,553$436,297$3,802,180
80$7,410,906$1,058,286$377,796$4,083,411
81$8,091,398$1,034,722$315,033$4,392,057
82$8,838,925$1,007,628$247,791$4,730,963
83$9,660,249$976,755$175,845$5,103,267
84$10,562,821$941,842$98,962$5,512,433
85$11,554,847$902,611$16,896$5,962,286
86$12,645,371$858,768$0$6,457,046
87$13,844,354$810,003$0$7,015,700
88$15,162,771$755,986$0$7,633,646
89$16,612,715$696,371$0$8,313,181
90$18,207,509$630,790$0$9,060,624
91$19,961,831$558,855$0$9,882,941
92$21,891,854$480,156$0$10,787,814
93$24,015,398$394,258$0$11,783,714
94$26,352,097$300,705$0$12,879,984
95$28,923,584$199,012$0$14,086,925
96$31,753,694$88,669$0$15,415,896
97$34,868,693$0$0$16,879,421
98$38,297,520$0$0$18,503,879
99$42,072,062$0$0$20,332,006
100$46,227,455$0$0$22,344,734