Can I retire at age 55 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$80,515$79,797$79,098$78,415$77,748$74,870
2 years$39,859$39,116$38,397$37,699$37,023$34,156
3 years$26,309$25,563$24,845$24,154$23,489$20,723
4 years$19,535$18,791$18,081$17,402$16,752$14,109
5 years$15,472$14,733$14,032$13,366$12,735$10,221
6 years$12,764$12,030$11,340$10,689$10,077$7,693
7 years$10,830$10,103$9,423$8,788$8,195$5,942
8 years$9,381$8,660$7,992$7,372$6,799$4,674
9 years$8,254$7,540$6,883$6,279$5,725$3,726
10 years$7,353$6,646$6,001$5,413$4,878$3,000
11 years$6,617$5,917$5,283$4,711$4,196$2,435
12 years$6,003$5,311$4,689$4,132$3,636$1,989
13 years$5,485$4,799$4,189$3,648$3,170$1,632
14 years$5,040$4,362$3,764$3,238$2,779$1,345
15 years$4,656$3,985$3,398$2,888$2,447$1,111
16 years$4,320$3,656$3,081$2,586$2,163$921
17 years$4,023$3,367$2,804$2,323$1,918$765
18 years$3,760$3,112$2,559$2,094$1,705$636
19 years$3,525$2,884$2,343$1,892$1,520$530
20 years$3,314$2,680$2,150$1,714$1,357$442
21 years$3,123$2,496$1,978$1,555$1,215$369
22 years$2,949$2,330$1,823$1,414$1,089$308
23 years$2,791$2,179$1,683$1,288$977$258
24 years$2,647$2,042$1,557$1,174$879$215
25 years$2,514$1,916$1,442$1,073$791$180
26 years$2,391$1,801$1,337$981$712$151
27 years$2,278$1,695$1,242$898$642$126
28 years$2,173$1,597$1,154$822$579$106
29 years$2,076$1,507$1,074$754$523$89
30 years$1,985$1,423$1,000$692$473$74
31 years$1,900$1,345$933$636$427$62
32 years$1,820$1,273$870$584$387$52
33 years$1,746$1,205$813$537$350$44
34 years$1,676$1,142$759$494$317$37
35 years$1,610$1,083$710$455$287$31
36 years$1,549$1,028$664$419$260$26
37 years$1,490$977$622$386$236$22
38 years$1,435$928$582$356$214$18
39 years$1,383$883$545$328$194$15
40 years$1,333$840$511$303$176$13
41 years$1,286$799$479$279$159$11
42 years$1,241$761$450$258$145$9
43 years$1,199$725$422$238$131$8
44 years$1,158$691$396$220$119$6
45 years$1,120$659$372$203$108$5
46 years$1,083$629$349$187$98$4
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$3
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $975,000, adding $3,013 every year, while hoping to spend $21,957 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: 71/14/15 Blend
54$975,000$975,000$975,000$975,000
55$1,077,558$1,025,883$1,010,770$1,150,197
56$1,164,107$1,052,789$1,021,269$1,225,725
57$1,258,748$1,080,278$1,031,384$1,305,441
58$1,362,283$1,108,354$1,041,078$1,392,139
59$1,475,596$1,137,024$1,050,314$1,486,505
60$1,599,659$1,166,290$1,059,052$1,589,295
61$1,735,543$1,196,157$1,067,249$1,701,341
62$1,884,428$1,226,629$1,074,862$1,823,560
63$2,047,613$1,257,707$1,081,843$1,956,960
64$2,226,529$1,289,394$1,088,144$2,102,655
65$2,422,751$1,321,690$1,093,713$2,261,869
66$2,638,014$1,354,596$1,098,495$2,435,951
67$2,874,231$1,388,111$1,102,434$2,626,389
68$3,133,508$1,422,233$1,105,470$2,834,821
69$3,418,162$1,456,959$1,107,540$3,063,051
70$3,730,750$1,492,285$1,108,578$3,313,068
71$4,074,086$1,528,207$1,108,515$3,587,063
72$4,451,270$1,564,716$1,107,278$3,887,448
73$4,865,719$1,601,806$1,104,791$4,216,884
74$5,321,194$1,639,467$1,100,973$4,578,301
75$5,821,842$1,677,687$1,095,742$4,974,928
76$6,372,229$1,716,453$1,089,009$5,410,324
77$6,977,388$1,755,750$1,080,681$5,888,407
78$7,642,861$1,795,561$1,070,664$6,413,499
79$8,374,756$1,835,867$1,058,854$6,990,360
80$9,179,803$1,876,647$1,045,148$7,624,236
81$10,065,415$1,917,875$1,029,433$8,320,906
82$11,039,762$1,959,525$1,011,594$9,086,740
83$12,111,845$2,001,569$991,508$9,928,759
84$13,291,579$2,043,972$969,050$10,854,696
85$14,589,893$2,086,699$944,086$11,873,075
86$16,018,825$2,129,711$916,477$12,993,289
87$17,591,643$2,172,964$886,076$14,225,690
88$19,322,964$2,216,413$852,733$15,581,684
89$21,228,894$2,260,005$816,287$17,073,841
90$23,327,181$2,303,684$776,572$18,716,013
91$25,637,380$2,347,392$733,415$20,523,466
92$28,181,042$2,391,063$686,633$22,513,023
93$30,981,909$2,434,626$636,036$24,703,220
94$34,066,146$2,478,005$581,425$27,114,489
95$37,462,584$2,521,118$522,594$29,769,343
96$41,202,991$2,563,877$459,325$32,692,592
97$45,322,376$2,606,187$391,392$35,911,578
98$49,859,314$2,647,946$318,559$39,456,432
99$54,856,312$2,689,043$240,579$43,360,358
100$60,360,211$2,729,361$157,194$47,659,949