Can I retire at age 55 with 956,000?

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 $956,000?

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$78,946$78,242$77,556$76,887$76,233$74,450
2 years$39,082$38,354$37,649$36,965$36,301$34,516
3 years$25,796$25,065$24,361$23,684$23,031$21,298
4 years$19,154$18,425$17,729$17,063$16,426$14,759
5 years$15,170$14,446$13,758$13,106$12,487$10,890
6 years$12,515$11,796$11,119$10,481$9,880$8,356
7 years$10,619$9,906$9,240$8,617$8,035$6,584
8 years$9,198$8,491$7,836$7,228$6,666$5,286
9 years$8,093$7,393$6,749$6,157$5,614$4,305
10 years$7,210$6,517$5,884$5,307$4,783$3,543
11 years$6,488$5,802$5,180$4,619$4,114$2,942
12 years$5,886$5,207$4,597$4,052$3,565$2,459
13 years$5,378$4,706$4,107$3,577$3,109$2,066
14 years$4,942$4,277$3,691$3,175$2,725$1,744
15 years$4,565$3,908$3,332$2,832$2,399$1,477
16 years$4,235$3,585$3,021$2,535$2,121$1,255
17 years$3,945$3,302$2,749$2,278$1,880$1,069
18 years$3,687$3,051$2,509$2,053$1,672$913
19 years$3,456$2,828$2,297$1,855$1,490$781
20 years$3,249$2,628$2,108$1,680$1,331$669
21 years$3,062$2,447$1,939$1,525$1,191$574
22 years$2,892$2,285$1,787$1,386$1,068$492
23 years$2,737$2,137$1,650$1,263$958$423
24 years$2,595$2,002$1,526$1,152$861$364
25 years$2,465$1,879$1,414$1,052$775$313
26 years$2,345$1,766$1,311$962$698$270
27 years$2,234$1,662$1,217$880$630$232
28 years$2,131$1,566$1,132$806$568$200
29 years$2,035$1,477$1,053$740$513$173
30 years$1,946$1,395$981$679$463$149
31 years$1,863$1,319$915$623$419$129
32 years$1,785$1,248$853$573$379$111
33 years$1,712$1,182$797$527$343$96
34 years$1,644$1,120$744$485$311$83
35 years$1,579$1,062$696$446$281$71
36 years$1,518$1,008$651$411$255$62
37 years$1,461$958$609$379$231$53
38 years$1,407$910$571$349$209$46
39 years$1,356$865$535$322$190$40
40 years$1,307$823$501$297$172$34
41 years$1,261$784$470$274$156$30
42 years$1,217$746$441$253$142$26
43 years$1,175$711$414$233$129$22
44 years$1,136$678$388$215$117$19
45 years$1,098$646$365$199$106$17
46 years$1,062$617$342$184$96$14
47 years$1,028$589$322$170$87$12
48 years$995$562$302$157$79$11
49 years$963$537$284$145$72$9
50 years$933$513$267$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $956,000, adding $5,533 every year, while hoping to spend $51,271 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: 56/17/27 Blend
54$956,000$956,000$956,000$956,000
55$1,059,219$1,008,551$993,733$1,110,392
56$1,112,708$1,003,418$972,471$1,141,041
57$1,169,934$996,316$948,779$1,168,606
58$1,231,224$987,092$922,520$1,197,590
59$1,296,938$975,588$893,553$1,228,145
60$1,367,468$961,635$861,730$1,260,442
61$1,443,247$945,053$826,896$1,294,675
62$1,524,749$925,651$788,888$1,331,055
63$1,612,495$903,229$747,536$1,369,821
64$1,707,055$877,573$702,665$1,411,239
65$1,809,059$848,458$654,088$1,455,604
66$1,919,195$815,645$601,612$1,503,246
67$2,038,222$778,880$545,035$1,554,530
68$2,166,972$737,897$484,145$1,609,865
69$2,306,362$692,413$418,723$1,669,704
70$2,457,398$642,128$348,537$1,734,551
71$2,621,186$586,726$273,347$1,804,965
72$2,798,945$525,874$192,902$1,881,567
73$2,992,013$459,217$106,940$1,965,049
74$3,201,863$386,383$15,186$2,056,177
75$3,430,114$306,977$0$2,155,799
76$3,678,549$220,582$0$2,288,693
77$3,949,129$126,759$0$2,438,289
78$4,244,012$25,042$0$2,601,454
79$4,565,574$0$0$2,779,566
80$4,916,428$0$0$2,990,058
81$5,299,452$0$0$3,225,045
82$5,717,813$0$0$3,481,795
83$6,174,998$0$0$3,762,460
84$6,674,846$0$0$4,069,406
85$7,221,584$0$0$4,405,241
86$7,819,865$0$0$4,772,835
87$8,474,813$0$0$5,175,348
88$9,192,072$0$0$5,616,262
89$9,977,855$0$0$6,099,410
90$10,839,007$0$0$6,629,013
91$11,783,063$0$0$7,209,720
92$12,818,324$0$0$7,846,652
93$13,953,935$0$0$8,545,451
94$15,199,964$0$0$9,312,327
95$16,567,503$0$0$10,154,126
96$18,068,772$0$0$11,078,383
97$19,717,229$0$0$12,093,404
98$21,527,700$0$0$13,208,335
99$23,516,517$0$0$14,433,254
100$25,701,673$0$0$15,779,261