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%16.1%
1 years$80,515$79,797$79,098$78,415$77,748$75,807
2 years$39,859$39,116$38,397$37,699$37,023$35,080
3 years$26,309$25,563$24,845$24,154$23,489$21,604
4 years$19,535$18,791$18,081$17,402$16,752$14,941
5 years$15,472$14,733$14,032$13,366$12,735$11,001
6 years$12,764$12,030$11,340$10,689$10,077$8,423
7 years$10,830$10,103$9,423$8,788$8,195$6,621
8 years$9,381$8,660$7,992$7,372$6,799$5,304
9 years$8,254$7,540$6,883$6,279$5,725$4,309
10 years$7,353$6,646$6,001$5,413$4,878$3,538
11 years$6,617$5,917$5,283$4,711$4,196$2,930
12 years$6,003$5,311$4,689$4,132$3,636$2,442
13 years$5,485$4,799$4,189$3,648$3,170$2,047
14 years$5,040$4,362$3,764$3,238$2,779$1,723
15 years$4,656$3,985$3,398$2,888$2,447$1,455
16 years$4,320$3,656$3,081$2,586$2,163$1,233
17 years$4,023$3,367$2,804$2,323$1,918$1,047
18 years$3,760$3,112$2,559$2,094$1,705$892
19 years$3,525$2,884$2,343$1,892$1,520$760
20 years$3,314$2,680$2,150$1,714$1,357$649
21 years$3,123$2,496$1,978$1,555$1,215$555
22 years$2,949$2,330$1,823$1,414$1,089$475
23 years$2,791$2,179$1,683$1,288$977$407
24 years$2,647$2,042$1,557$1,174$879$349
25 years$2,514$1,916$1,442$1,073$791$299
26 years$2,391$1,801$1,337$981$712$257
27 years$2,278$1,695$1,242$898$642$221
28 years$2,173$1,597$1,154$822$579$190
29 years$2,076$1,507$1,074$754$523$163
30 years$1,985$1,423$1,000$692$473$140
31 years$1,900$1,345$933$636$427$121
32 years$1,820$1,273$870$584$387$104
33 years$1,746$1,205$813$537$350$89
34 years$1,676$1,142$759$494$317$77
35 years$1,610$1,083$710$455$287$66
36 years$1,549$1,028$664$419$260$57
37 years$1,490$977$622$386$236$49
38 years$1,435$928$582$356$214$42
39 years$1,383$883$545$328$194$36
40 years$1,333$840$511$303$176$31
41 years$1,286$799$479$279$159$27
42 years$1,241$761$450$258$145$23
43 years$1,199$725$422$238$131$20
44 years$1,158$691$396$220$119$17
45 years$1,120$659$372$203$108$15
46 years$1,083$629$349$187$98$13
47 years$1,048$600$328$173$89$11
48 years$1,015$573$308$160$81$9
49 years$983$547$290$148$74$8
50 years$952$523$272$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $975,000, adding $4,737 every year, while hoping to spend $22,774 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: 28/42/30 Blend
54$975,000$975,000$975,000$975,000
55$1,079,336$1,027,661$1,012,549$1,099,458
56$1,165,197$1,053,785$1,022,238$1,142,189
57$1,259,053$1,080,426$1,031,488$1,185,800
58$1,361,694$1,107,585$1,040,261$1,232,203
59$1,473,993$1,135,263$1,048,516$1,281,656
60$1,596,908$1,163,459$1,056,209$1,334,440
61$1,731,497$1,192,172$1,063,296$1,390,868
62$1,878,922$1,221,401$1,069,729$1,451,282
63$2,040,466$1,251,143$1,075,459$1,516,063
64$2,217,538$1,281,394$1,080,431$1,585,626
65$2,411,694$1,312,149$1,084,593$1,660,433
66$2,624,644$1,343,402$1,087,884$1,740,991
67$2,858,275$1,375,146$1,090,245$1,827,859
68$3,114,662$1,407,371$1,091,612$1,921,655
69$3,396,094$1,440,068$1,091,916$2,023,059
70$3,705,089$1,473,225$1,091,089$2,132,822
71$4,044,423$1,506,829$1,089,056$2,251,771
72$4,417,154$1,540,863$1,085,739$2,380,820
73$4,826,649$1,575,311$1,081,057$2,520,973
74$5,276,621$1,610,154$1,074,926$2,673,343
75$5,771,155$1,645,371$1,067,255$2,839,153
76$6,314,756$1,680,937$1,057,951$3,019,753
77$6,912,384$1,716,827$1,046,916$3,216,632
78$7,569,507$1,753,011$1,034,047$3,431,433
79$8,292,147$1,789,458$1,019,237$3,665,966
80$9,086,937$1,826,133$1,002,373$3,922,228
81$9,961,190$1,862,999$983,338$4,202,423
82$10,922,959$1,900,014$962,008$4,508,979
83$11,981,119$1,937,133$938,253$4,844,575
84$13,145,448$1,974,307$911,939$5,212,164
85$14,426,720$2,011,484$882,925$5,615,005
86$15,836,804$2,048,606$851,062$6,056,688
87$17,388,783$2,085,612$816,197$6,541,175
88$19,097,066$2,122,434$778,168$7,072,833
89$20,977,536$2,159,002$736,805$7,656,479
90$23,047,689$2,195,238$691,932$8,297,423
91$25,326,806$2,231,058$643,365$9,001,521
92$27,836,134$2,266,373$590,912$9,775,229
93$30,599,082$2,301,088$534,369$10,625,666
94$33,641,446$2,335,099$473,528$11,560,681
95$36,991,651$2,368,296$408,169$12,588,928
96$40,681,018$2,400,561$338,061$13,719,949
97$44,744,061$2,431,768$262,966$14,964,264
98$49,218,813$2,461,782$182,632$16,333,470
99$54,147,181$2,490,459$96,800$17,840,356
100$59,575,346$2,517,644$5,196$19,499,017