Can I retire at age 55 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$79,358$78,652$77,962$77,289$76,631$74,537
2 years$39,286$38,555$37,846$37,158$36,491$34,396
3 years$25,931$25,196$24,489$23,808$23,152$21,122
4 years$19,254$18,522$17,821$17,152$16,512$14,563
5 years$15,249$14,521$13,830$13,174$12,552$10,689
6 years$12,580$11,858$11,177$10,536$9,932$8,157
7 years$10,675$9,958$9,288$8,662$8,077$6,391
8 years$9,246$8,536$7,877$7,266$6,701$5,101
9 years$8,135$7,432$6,784$6,189$5,643$4,129
10 years$7,248$6,551$5,915$5,335$4,808$3,378
11 years$6,522$5,832$5,207$4,643$4,135$2,786
12 years$5,917$5,234$4,621$4,073$3,584$2,314
13 years$5,406$4,730$4,129$3,596$3,125$1,931
14 years$4,968$4,300$3,710$3,192$2,739$1,619
15 years$4,589$3,928$3,349$2,847$2,412$1,362
16 years$4,258$3,604$3,037$2,549$2,132$1,149
17 years$3,966$3,319$2,763$2,290$1,890$972
18 years$3,706$3,067$2,523$2,064$1,681$823
19 years$3,474$2,842$2,309$1,865$1,498$699
20 years$3,266$2,641$2,119$1,689$1,338$594
21 years$3,078$2,460$1,949$1,533$1,197$506
22 years$2,907$2,297$1,797$1,394$1,073$431
23 years$2,751$2,148$1,659$1,269$963$367
24 years$2,609$2,012$1,534$1,158$866$313
25 years$2,478$1,889$1,421$1,057$779$268
26 years$2,357$1,775$1,318$967$702$229
27 years$2,245$1,670$1,224$885$633$195
28 years$2,142$1,574$1,138$811$571$167
29 years$2,046$1,485$1,059$743$516$143
30 years$1,956$1,402$986$682$466$122
31 years$1,873$1,326$919$627$421$105
32 years$1,794$1,254$858$576$381$90
33 years$1,721$1,188$801$530$345$77
34 years$1,652$1,126$748$487$312$66
35 years$1,587$1,068$700$449$283$56
36 years$1,526$1,014$654$413$256$48
37 years$1,469$963$613$381$232$41
38 years$1,414$915$574$351$211$35
39 years$1,363$870$537$323$191$30
40 years$1,314$828$504$298$173$26
41 years$1,268$788$472$275$157$22
42 years$1,223$750$443$254$143$19
43 years$1,182$715$416$235$129$16
44 years$1,142$681$390$217$117$14
45 years$1,104$650$366$200$107$12
46 years$1,068$620$344$185$97$10
47 years$1,033$592$323$171$88$9
48 years$1,000$565$304$158$80$8
49 years$968$539$286$146$72$6
50 years$938$515$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $961,000, adding $4,911 every year, while hoping to spend $26,012 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: 61/9/30 Blend
54$961,000$961,000$961,000$961,000
55$1,064,088$1,013,155$998,259$1,120,075
56$1,144,948$1,035,123$1,004,024$1,180,803
57$1,233,184$1,057,295$1,009,111$1,243,854
58$1,329,522$1,079,655$1,013,468$1,312,145
59$1,434,758$1,102,183$1,017,044$1,386,194
60$1,549,771$1,124,858$1,019,783$1,466,571
61$1,675,528$1,147,657$1,021,627$1,553,908
62$1,813,095$1,170,555$1,022,514$1,648,898
63$1,963,644$1,193,525$1,022,381$1,752,307
64$2,128,465$1,216,537$1,021,161$1,864,981
65$2,308,981$1,239,560$1,018,782$1,987,849
66$2,506,756$1,262,558$1,015,171$2,121,937
67$2,723,516$1,285,494$1,010,250$2,268,379
68$2,961,160$1,308,328$1,003,938$2,428,420
69$3,221,778$1,331,016$996,150$2,603,437
70$3,507,674$1,353,511$986,796$2,794,946
71$3,821,386$1,375,762$975,783$3,004,619
72$4,165,709$1,397,716$963,012$3,234,299
73$4,543,720$1,419,313$948,382$3,486,018
74$4,958,811$1,440,491$931,785$3,762,018
75$5,414,718$1,461,184$913,108$4,064,767
76$5,915,557$1,481,318$892,234$4,396,990
77$6,465,859$1,500,819$869,040$4,761,688
78$7,070,620$1,519,602$843,396$5,162,172
79$7,735,342$1,537,582$815,169$5,602,089
80$8,466,087$1,554,663$784,216$6,085,462
81$9,269,532$1,570,745$750,392$6,616,726
82$10,153,035$1,585,723$713,541$7,200,768
83$11,124,704$1,599,482$673,504$7,842,978
84$12,193,468$1,611,902$630,111$8,549,296
85$13,369,169$1,622,852$583,186$9,326,270
86$14,662,648$1,632,195$532,547$10,181,118
87$16,085,851$1,639,786$478,001$11,121,798
88$17,651,941$1,645,469$419,347$12,157,081
89$19,375,420$1,649,078$356,376$13,296,635
90$21,272,268$1,650,438$288,870$14,551,118
91$23,360,092$1,649,362$216,600$15,932,278
92$25,658,293$1,645,652$139,327$17,453,064
93$28,188,247$1,639,098$56,803$19,127,749
94$30,973,511$1,629,476$0$20,972,065
95$34,040,038$1,616,549$0$23,013,363
96$37,416,428$1,600,066$0$25,280,802
97$41,134,196$1,579,762$0$27,777,340
98$45,228,068$1,555,353$0$30,526,292
99$49,736,306$1,526,542$0$33,553,351
100$54,701,077$1,493,010$0$36,886,832