Can I retire at age 55 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$79,028$78,324$77,637$76,967$76,313$74,048
2 years$39,123$38,394$37,688$37,003$36,339$34,076
3 years$25,823$25,091$24,387$23,708$23,055$20,865
4 years$19,174$18,445$17,747$17,081$16,443$14,342
5 years$15,186$14,461$13,773$13,120$12,500$10,494
6 years$12,528$11,808$11,130$10,492$9,891$7,982
7 years$10,630$9,917$9,249$8,626$8,044$6,232
8 years$9,208$8,500$7,844$7,236$6,673$4,957
9 years$8,102$7,401$6,756$6,164$5,620$3,998
10 years$7,217$6,524$5,890$5,313$4,788$3,258
11 years$6,494$5,808$5,186$4,624$4,118$2,677
12 years$5,892$5,213$4,602$4,056$3,569$2,214
13 years$5,383$4,711$4,112$3,581$3,112$1,841
14 years$4,947$4,282$3,694$3,178$2,728$1,537
15 years$4,570$3,912$3,336$2,835$2,402$1,287
16 years$4,240$3,589$3,024$2,538$2,123$1,081
17 years$3,949$3,305$2,752$2,280$1,882$911
18 years$3,691$3,054$2,512$2,055$1,674$768
19 years$3,460$2,831$2,300$1,857$1,492$649
20 years$3,253$2,630$2,111$1,682$1,332$549
21 years$3,065$2,450$1,941$1,526$1,192$465
22 years$2,895$2,287$1,789$1,388$1,069$395
23 years$2,740$2,139$1,652$1,264$959$335
24 years$2,598$2,004$1,528$1,153$862$284
25 years$2,467$1,881$1,415$1,053$776$242
26 years$2,347$1,768$1,312$963$699$205
27 years$2,236$1,663$1,219$881$630$175
28 years$2,133$1,568$1,133$807$569$149
29 years$2,037$1,479$1,054$740$513$127
30 years$1,948$1,397$982$679$464$108
31 years$1,865$1,320$916$624$419$92
32 years$1,787$1,249$854$573$379$78
33 years$1,714$1,183$798$527$343$67
34 years$1,645$1,121$745$485$311$57
35 years$1,581$1,063$697$447$282$48
36 years$1,520$1,009$652$411$255$41
37 years$1,463$959$610$379$231$35
38 years$1,408$911$571$349$210$30
39 years$1,357$866$535$322$190$25
40 years$1,308$824$502$297$172$22
41 years$1,262$785$470$274$156$18
42 years$1,218$747$441$253$142$16
43 years$1,177$712$414$234$129$13
44 years$1,137$679$389$216$117$11
45 years$1,099$647$365$199$106$10
46 years$1,063$617$343$184$96$8
47 years$1,029$589$322$170$88$7
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$5
50 years$934$513$267$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $957,000, adding $4,028 every year, while hoping to spend $55,987 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: 65/16/19 Blend
54$957,000$957,000$957,000$957,000
55$1,058,769$1,008,048$993,214$1,122,285
56$1,107,194$997,872$966,917$1,155,230
57$1,158,681$985,322$937,863$1,184,450
58$1,213,485$970,221$905,900$1,215,051
59$1,271,882$952,384$870,869$1,247,169
60$1,334,176$931,613$832,605$1,280,956
61$1,400,700$907,700$790,936$1,316,582
62$1,471,819$880,424$745,679$1,354,236
63$1,547,931$849,551$696,646$1,394,127
64$1,629,475$814,835$643,639$1,436,489
65$1,716,932$776,012$586,451$1,481,582
66$1,810,828$732,806$524,867$1,529,695
67$1,911,744$684,925$458,661$1,581,150
68$2,020,313$632,057$387,597$1,636,303
69$2,137,234$573,877$311,431$1,695,552
70$2,263,273$510,038$229,905$1,759,336
71$2,399,271$440,174$142,751$1,828,144
72$2,546,153$363,899$49,689$1,902,520
73$2,704,935$280,804$0$1,983,066
74$2,876,733$190,459$0$2,080,509
75$3,062,776$92,407$0$2,196,934
76$3,264,412$0$0$2,323,143
77$3,483,125$0$0$2,462,548
78$3,720,549$0$0$2,631,594
79$3,978,477$0$0$2,815,295
80$4,258,885$0$0$3,015,064
81$4,563,944$0$0$3,232,458
82$4,896,045$0$0$3,469,186
83$5,257,818$0$0$3,727,131
84$5,652,156$0$0$4,008,365
85$6,082,244$0$0$4,315,169
86$6,551,590$0$0$4,650,053
87$7,064,050$0$0$5,015,778
88$7,623,874$0$0$5,415,388
89$8,235,737$0$0$5,852,229
90$8,904,789$0$0$6,329,990
91$9,636,698$0$0$6,852,728
92$10,437,705$0$0$7,424,913
93$11,314,684$0$0$8,051,467
94$12,275,204$0$0$8,737,811
95$13,327,599$0$0$9,489,911
96$14,481,048$0$0$10,314,342
97$15,745,662$0$0$11,218,344
98$17,132,573$0$0$12,209,890
99$18,654,047$0$0$13,297,763
100$20,323,590$0$0$14,491,637