Can I retire at age 55 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$79,524$78,815$78,124$77,450$76,791$73,890
2 years$39,368$38,635$37,924$37,235$36,567$33,678
3 years$25,985$25,248$24,540$23,857$23,200$20,414
4 years$19,294$18,560$17,859$17,188$16,546$13,884
5 years$15,281$14,551$13,859$13,202$12,578$10,047
6 years$12,607$11,882$11,200$10,558$9,953$7,554
7 years$10,697$9,979$9,307$8,680$8,094$5,828
8 years$9,265$8,554$7,893$7,281$6,715$4,579
9 years$8,152$7,447$6,799$6,202$5,655$3,645
10 years$7,263$6,565$5,927$5,346$4,818$2,932
11 years$6,535$5,844$5,218$4,653$4,144$2,377
12 years$5,929$5,245$4,631$4,081$3,591$1,938
13 years$5,417$4,740$4,137$3,603$3,131$1,588
14 years$4,978$4,309$3,718$3,198$2,745$1,307
15 years$4,598$3,936$3,356$2,852$2,417$1,079
16 years$4,266$3,611$3,043$2,554$2,136$892
17 years$3,974$3,326$2,769$2,295$1,894$740
18 years$3,714$3,073$2,528$2,068$1,684$615
19 years$3,482$2,848$2,314$1,869$1,501$511
20 years$3,273$2,647$2,124$1,692$1,341$426
21 years$3,084$2,465$1,953$1,536$1,200$355
22 years$2,913$2,301$1,800$1,397$1,075$296
23 years$2,757$2,152$1,662$1,272$965$247
24 years$2,614$2,017$1,537$1,160$868$206
25 years$2,483$1,893$1,424$1,059$781$172
26 years$2,362$1,779$1,321$969$703$144
27 years$2,250$1,674$1,226$887$634$120
28 years$2,146$1,577$1,140$812$572$101
29 years$2,050$1,488$1,061$745$517$84
30 years$1,960$1,405$988$684$467$71
31 years$1,876$1,328$921$628$422$59
32 years$1,798$1,257$860$577$382$49
33 years$1,725$1,190$803$531$346$41
34 years$1,656$1,128$750$488$313$35
35 years$1,591$1,070$701$449$283$29
36 years$1,529$1,016$656$414$257$24
37 years$1,472$965$614$381$233$20
38 years$1,417$917$575$352$211$17
39 years$1,366$872$539$324$191$14
40 years$1,317$829$505$299$174$12
41 years$1,270$790$473$276$157$10
42 years$1,226$752$444$255$143$8
43 years$1,184$716$417$235$130$7
44 years$1,144$683$391$217$118$6
45 years$1,106$651$367$200$107$5
46 years$1,070$621$345$185$97$4
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$2
50 years$940$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $963,000, adding $3,571 every year, while hoping to spend $48,142 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: 66/14/20 Blend
54$963,000$963,000$963,000$963,000
55$1,064,909$1,013,870$998,944$1,129,611
56$1,122,308$1,012,327$981,186$1,171,901
57$1,183,947$1,009,095$961,219$1,212,261
58$1,250,209$1,004,040$938,920$1,255,238
59$1,321,513$997,021$914,156$1,301,088
60$1,398,319$987,887$886,792$1,350,096
61$1,481,132$976,478$856,685$1,402,577
62$1,570,509$962,627$823,685$1,458,880
63$1,667,058$946,153$787,636$1,519,389
64$1,771,451$926,867$748,374$1,584,530
65$1,884,424$904,569$705,730$1,654,775
66$2,006,787$879,045$659,524$1,730,646
67$2,139,431$850,069$609,569$1,812,717
68$2,283,335$817,405$555,672$1,901,628
69$2,439,576$780,799$497,628$1,998,081
70$2,609,339$739,984$435,225$2,102,855
71$2,793,928$694,679$368,240$2,216,812
72$2,994,774$644,584$296,443$2,340,902
73$3,213,457$589,385$219,590$2,476,177
74$3,451,712$528,747$137,428$2,623,798
75$3,711,450$462,318$49,695$2,785,048
76$3,994,771$389,726$0$2,961,344
77$4,303,992$310,576$0$3,163,629
78$4,641,658$224,453$0$3,396,183
79$5,010,573$130,918$0$3,650,364
80$5,413,826$29,507$0$3,928,350
81$5,854,813$0$0$4,232,540
82$6,337,278$0$0$4,577,945
83$6,865,340$0$0$4,961,030
84$7,443,537$0$0$5,380,548
85$8,076,865$0$0$5,840,131
86$8,770,826$0$0$6,343,782
87$9,531,480$0$0$6,895,905
88$10,365,500$0$0$7,501,354
89$11,280,238$0$0$8,165,474
90$12,283,789$0$0$8,894,152
91$13,385,070$0$0$9,693,873
92$14,593,905$0$0$10,571,780
93$15,921,112$0$0$11,535,741
94$17,378,612$0$0$12,594,423
95$18,979,533$0$0$13,757,376
96$20,738,340$0$0$15,035,117
97$22,670,967$0$0$16,439,233
98$24,794,967$0$0$17,982,492
99$27,129,679$0$0$19,678,956
100$29,696,408$0$0$21,544,120