Can I retire at age 55 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$79,854$79,143$78,449$77,771$77,110$74,374
2 years$39,532$38,795$38,082$37,390$36,719$33,992
3 years$26,093$25,353$24,642$23,956$23,296$20,663
4 years$19,374$18,637$17,933$17,259$16,615$14,097
5 years$15,345$14,612$13,917$13,257$12,630$10,233
6 years$12,659$11,932$11,247$10,601$9,994$7,720
7 years$10,741$10,020$9,346$8,716$8,128$5,976
8 years$9,304$8,589$7,926$7,312$6,743$4,712
9 years$8,186$7,478$6,827$6,228$5,678$3,765
10 years$7,293$6,592$5,952$5,369$4,838$3,040
11 years$6,562$5,868$5,240$4,672$4,161$2,474
12 years$5,954$5,267$4,650$4,098$3,606$2,026
13 years$5,440$4,760$4,155$3,618$3,144$1,667
14 years$4,999$4,327$3,733$3,212$2,756$1,377
15 years$4,618$3,952$3,370$2,864$2,427$1,141
16 years$4,284$3,626$3,056$2,565$2,145$948
17 years$3,990$3,340$2,781$2,304$1,902$790
18 years$3,729$3,086$2,538$2,077$1,691$659
19 years$3,496$2,860$2,324$1,876$1,507$551
20 years$3,287$2,658$2,133$1,699$1,346$461
21 years$3,097$2,476$1,962$1,542$1,205$386
22 years$2,925$2,311$1,808$1,402$1,080$323
23 years$2,768$2,161$1,669$1,277$969$271
24 years$2,625$2,025$1,544$1,165$871$228
25 years$2,493$1,900$1,430$1,064$784$191
26 years$2,372$1,786$1,326$973$706$160
27 years$2,259$1,681$1,231$890$637$135
28 years$2,155$1,584$1,145$816$575$113
29 years$2,059$1,494$1,065$748$519$95
30 years$1,968$1,411$992$687$469$80
31 years$1,884$1,334$925$631$424$67
32 years$1,806$1,262$863$579$383$57
33 years$1,732$1,195$806$533$347$48
34 years$1,662$1,133$753$490$314$40
35 years$1,597$1,075$704$451$285$34
36 years$1,536$1,020$659$416$258$28
37 years$1,478$969$616$383$234$24
38 years$1,423$921$577$353$212$20
39 years$1,371$875$541$325$192$17
40 years$1,322$833$507$300$174$14
41 years$1,275$793$475$277$158$12
42 years$1,231$755$446$256$143$10
43 years$1,189$719$418$236$130$8
44 years$1,149$686$393$218$118$7
45 years$1,111$654$369$201$107$6
46 years$1,074$624$346$186$97$5
47 years$1,040$595$325$172$88$4
48 years$1,006$568$306$159$80$4
49 years$975$543$287$147$73$3
50 years$944$518$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $967,000, adding $4,732 every year, while hoping to spend $41,875 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: 37/43/20 Blend
54$967,000$967,000$967,000$967,000
55$1,070,515$1,019,264$1,004,276$1,103,515
56$1,135,153$1,024,653$993,364$1,133,285
57$1,204,980$1,028,903$980,684$1,161,144
58$1,280,483$1,031,914$966,131$1,190,374
59$1,362,193$1,033,578$949,597$1,221,122
60$1,450,697$1,033,784$930,969$1,253,552
61$1,546,640$1,032,411$910,128$1,287,849
62$1,650,730$1,029,332$886,950$1,324,218
63$1,763,746$1,024,412$861,306$1,362,890
64$1,886,547$1,017,507$833,058$1,404,121
65$2,020,075$1,008,464$802,065$1,448,199
66$2,165,367$997,124$768,179$1,495,442
67$2,323,565$983,313$731,243$1,546,207
68$2,495,925$966,852$691,097$1,600,891
69$2,683,830$947,548$647,569$1,659,936
70$2,888,801$925,198$600,482$1,723,834
71$3,112,512$899,586$549,652$1,793,133
72$3,356,807$870,485$494,884$1,868,440
73$3,623,714$837,652$435,976$1,950,434
74$3,915,468$800,832$372,716$2,039,866
75$4,234,529$759,756$304,885$2,137,571
76$4,583,604$714,136$232,252$2,244,478
77$4,965,674$663,672$154,575$2,361,616
78$5,384,024$608,043$71,605$2,490,128
79$5,842,269$546,912$0$2,631,281
80$6,344,391$479,921$0$2,790,098
81$6,894,775$406,693$0$2,981,063
82$7,498,251$326,830$0$3,190,670
83$8,160,137$239,909$0$3,420,897
84$8,886,294$145,488$0$3,673,932
85$9,683,174$43,095$0$3,952,193
86$10,557,886$0$0$4,258,355
87$11,518,260$0$0$4,627,439
88$12,572,921$0$0$5,055,293
89$13,731,372$0$0$5,525,397
90$15,004,079$0$0$6,042,017
91$16,402,573$0$0$6,609,853
92$17,939,558$0$0$7,234,082
93$19,629,029$0$0$7,920,409
94$21,486,405$0$0$8,675,116
95$23,528,673$0$0$9,505,129
96$25,774,547$0$0$10,418,076
97$28,244,648$0$0$11,422,361
98$30,961,694$0$0$12,527,245
99$33,950,715$0$0$13,742,930
100$37,239,291$0$0$15,080,660