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%15.9%
1 years$79,524$78,815$78,124$77,450$76,791$74,935
2 years$39,368$38,635$37,924$37,235$36,567$34,708
3 years$25,985$25,248$24,540$23,857$23,200$21,396
4 years$19,294$18,560$17,859$17,188$16,546$14,812
5 years$15,281$14,551$13,859$13,202$12,578$10,918
6 years$12,607$11,882$11,200$10,558$9,953$8,368
7 years$10,697$9,979$9,307$8,680$8,094$6,586
8 years$9,265$8,554$7,893$7,281$6,715$5,282
9 years$8,152$7,447$6,799$6,202$5,655$4,296
10 years$7,263$6,565$5,927$5,346$4,818$3,532
11 years$6,535$5,844$5,218$4,653$4,144$2,928
12 years$5,929$5,245$4,631$4,081$3,591$2,444
13 years$5,417$4,740$4,137$3,603$3,131$2,051
14 years$4,978$4,309$3,718$3,198$2,745$1,729
15 years$4,598$3,936$3,356$2,852$2,417$1,463
16 years$4,266$3,611$3,043$2,554$2,136$1,241
17 years$3,974$3,326$2,769$2,295$1,894$1,056
18 years$3,714$3,073$2,528$2,068$1,684$900
19 years$3,482$2,848$2,314$1,869$1,501$768
20 years$3,273$2,647$2,124$1,692$1,341$657
21 years$3,084$2,465$1,953$1,536$1,200$563
22 years$2,913$2,301$1,800$1,397$1,075$482
23 years$2,757$2,152$1,662$1,272$965$414
24 years$2,614$2,017$1,537$1,160$868$356
25 years$2,483$1,893$1,424$1,059$781$305
26 years$2,362$1,779$1,321$969$703$263
27 years$2,250$1,674$1,226$887$634$226
28 years$2,146$1,577$1,140$812$572$194
29 years$2,050$1,488$1,061$745$517$167
30 years$1,960$1,405$988$684$467$144
31 years$1,876$1,328$921$628$422$124
32 years$1,798$1,257$860$577$382$107
33 years$1,725$1,190$803$531$346$92
34 years$1,656$1,128$750$488$313$79
35 years$1,591$1,070$701$449$283$68
36 years$1,529$1,016$656$414$257$59
37 years$1,472$965$614$381$233$51
38 years$1,417$917$575$352$211$44
39 years$1,366$872$539$324$191$38
40 years$1,317$829$505$299$174$33
41 years$1,270$790$473$276$157$28
42 years$1,226$752$444$255$143$24
43 years$1,184$716$417$235$130$21
44 years$1,144$683$391$217$118$18
45 years$1,106$651$367$200$107$16
46 years$1,070$621$345$185$97$13
47 years$1,035$593$324$171$88$12
48 years$1,002$566$305$158$80$10
49 years$971$540$286$146$73$9
50 years$940$516$269$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $963,000, adding $5,840 every year, while hoping to spend $53,809 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: 44/49/7 Blend
54$963,000$963,000$963,000$963,000
55$1,067,250$1,016,211$1,001,284$1,111,840
56$1,118,857$1,008,753$977,575$1,135,822
57$1,173,925$999,126$951,268$1,155,800
58$1,232,749$987,167$922,220$1,176,206
59$1,295,654$972,703$890,279$1,197,099
60$1,362,997$955,552$855,289$1,218,546
61$1,435,167$935,518$817,085$1,240,624
62$1,512,592$912,396$775,496$1,263,422
63$1,595,742$885,970$730,341$1,287,044
64$1,685,133$856,007$681,432$1,311,609
65$1,781,330$822,265$628,574$1,337,250
66$1,884,956$784,486$571,561$1,364,122
67$1,996,692$742,397$510,179$1,392,401
68$2,117,288$695,708$444,204$1,422,285
69$2,247,569$644,115$373,402$1,454,000
70$2,388,439$587,295$297,529$1,487,802
71$2,540,894$524,906$216,331$1,523,981
72$2,706,028$456,589$129,540$1,562,861
73$2,885,043$381,962$36,880$1,604,810
74$3,079,262$300,623$0$1,650,243
75$3,290,140$212,147$0$1,704,254
76$3,519,277$116,084$0$1,765,977
77$3,768,432$11,961$0$1,833,263
78$4,039,541$0$0$1,906,794
79$4,334,736$0$0$2,041,641
80$4,656,360$0$0$2,195,694
81$5,006,994$0$0$2,363,754
82$5,389,476$0$0$2,547,195
83$5,806,932$0$0$2,747,530
84$6,262,802$0$0$2,966,426
85$6,760,873$0$0$3,205,717
86$7,305,315$0$0$3,467,422
87$7,900,716$0$0$3,753,765
88$8,552,132$0$0$4,067,193
89$9,265,126$0$0$4,410,404
90$10,045,828$0$0$4,786,365
91$10,900,984$0$0$5,198,347
92$11,838,026$0$0$5,649,949
93$12,865,139$0$0$6,145,138
94$13,991,335$0$0$6,688,282
95$15,226,543$0$0$7,284,190
96$16,581,697$0$0$7,938,164
97$18,068,841$0$0$8,656,038
98$19,701,243$0$0$9,444,244
99$21,493,514$0$0$10,309,862
100$23,461,754$0$0$11,260,697