Can I retire at age 55 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$78,780$78,079$77,394$76,726$76,073$73,609
2 years$39,000$38,274$37,570$36,887$36,225$33,765
3 years$25,742$25,012$24,310$23,634$22,983$20,605
4 years$19,114$18,387$17,692$17,027$16,392$14,114
5 years$15,138$14,415$13,729$13,078$12,461$10,289
6 years$12,489$11,771$11,095$10,459$9,860$7,796
7 years$10,597$9,886$9,220$8,599$8,019$6,063
8 years$9,179$8,474$7,820$7,213$6,652$4,803
9 years$8,076$7,378$6,735$6,144$5,602$3,857
10 years$7,195$6,503$5,872$5,296$4,773$3,129
11 years$6,474$5,789$5,169$4,609$4,105$2,560
12 years$5,874$5,196$4,588$4,043$3,557$2,107
13 years$5,366$4,696$4,099$3,569$3,102$1,744
14 years$4,932$4,268$3,683$3,169$2,719$1,448
15 years$4,556$3,899$3,325$2,826$2,394$1,207
16 years$4,227$3,578$3,015$2,530$2,116$1,009
17 years$3,937$3,295$2,743$2,273$1,876$845
18 years$3,679$3,045$2,504$2,049$1,668$710
19 years$3,449$2,822$2,292$1,851$1,487$596
20 years$3,242$2,622$2,104$1,677$1,328$502
21 years$3,055$2,442$1,935$1,522$1,189$423
22 years$2,886$2,280$1,784$1,384$1,065$357
23 years$2,731$2,132$1,647$1,260$956$301
24 years$2,590$1,998$1,523$1,149$860$254
25 years$2,460$1,875$1,411$1,050$774$215
26 years$2,340$1,762$1,308$960$697$182
27 years$2,229$1,658$1,215$878$628$154
28 years$2,126$1,563$1,129$805$567$130
29 years$2,031$1,474$1,051$738$512$110
30 years$1,942$1,392$979$677$462$93
31 years$1,859$1,316$913$622$418$79
32 years$1,781$1,245$852$572$378$67
33 years$1,708$1,179$795$526$342$56
34 years$1,640$1,118$743$484$310$48
35 years$1,576$1,060$695$445$281$41
36 years$1,515$1,006$650$410$254$34
37 years$1,458$956$608$378$230$29
38 years$1,404$908$569$348$209$25
39 years$1,353$864$534$321$189$21
40 years$1,304$822$500$296$172$18
41 years$1,258$782$469$273$156$15
42 years$1,215$745$440$252$141$13
43 years$1,173$710$413$233$128$11
44 years$1,133$677$387$215$117$9
45 years$1,096$645$364$199$106$8
46 years$1,060$615$342$183$96$7
47 years$1,026$587$321$169$87$6
48 years$993$561$302$157$79$5
49 years$961$535$284$145$72$4
50 years$931$511$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $954,000, adding $6,733 every year, while hoping to spend $39,503 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: 40/46/14 Blend
54$954,000$954,000$954,000$954,000
55$1,058,253$1,007,691$992,904$1,095,920
56$1,124,164$1,015,037$984,135$1,130,581
57$1,195,474$1,021,419$973,749$1,163,682
58$1,272,692$1,026,748$961,649$1,198,633
59$1,356,377$1,030,929$947,735$1,235,622
60$1,447,145$1,033,863$931,902$1,274,856
61$1,545,673$1,035,441$914,040$1,316,566
62$1,652,704$1,035,550$894,033$1,361,008
63$1,769,058$1,034,070$871,761$1,408,469
64$1,895,635$1,030,873$847,098$1,459,264
65$2,033,426$1,025,822$819,912$1,513,747
66$2,183,522$1,018,773$790,065$1,572,309
67$2,347,121$1,009,573$757,413$1,635,383
68$2,525,546$998,061$721,804$1,703,451
69$2,720,249$984,063$683,082$1,777,050
70$2,932,831$967,398$641,082$1,856,772
71$3,165,051$947,873$595,630$1,943,276
72$3,418,851$925,283$546,547$2,037,292
73$3,696,363$899,411$493,646$2,139,628
74$3,999,938$870,028$436,729$2,251,183
75$4,332,164$836,892$375,592$2,372,950
76$4,695,890$799,745$310,020$2,506,031
77$5,094,254$758,316$239,789$2,651,645
78$5,530,713$712,318$164,667$2,811,143
79$6,009,070$661,447$84,408$2,986,021
80$6,533,519$605,381$0$3,177,935
81$7,108,674$543,780$0$3,388,903
82$7,739,620$476,287$0$3,634,235
83$8,431,957$402,521$0$3,903,595
84$9,191,853$322,081$0$4,199,507
85$10,026,104$234,545$0$4,524,764
86$10,942,194$139,465$0$4,882,447
87$11,948,368$36,369$0$5,275,963
88$13,053,710$0$0$5,709,076
89$14,268,224$0$0$6,224,027
90$15,602,934$0$0$6,810,307
91$17,069,984$0$0$7,454,857
92$18,682,753$0$0$8,163,574
93$20,455,981$0$0$8,942,951
94$22,405,907$0$0$9,800,146
95$24,550,424$0$0$10,743,043
96$26,909,243$0$0$11,780,329
97$29,504,084$0$0$12,921,575
98$32,358,877$0$0$14,177,327
99$35,499,987$0$0$15,559,205
100$38,956,468$0$0$17,080,012