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%13.2%
1 years$80,515$79,797$79,098$78,415$77,748$76,713
2 years$39,859$39,116$38,397$37,699$37,023$35,982
3 years$26,309$25,563$24,845$24,154$23,489$22,474
4 years$19,535$18,791$18,081$17,402$16,752$15,772
5 years$15,472$14,733$14,032$13,366$12,735$11,791
6 years$12,764$12,030$11,340$10,689$10,077$9,171
7 years$10,830$10,103$9,423$8,788$8,195$7,328
8 years$9,381$8,660$7,992$7,372$6,799$5,969
9 years$8,254$7,540$6,883$6,279$5,725$4,934
10 years$7,353$6,646$6,001$5,413$4,878$4,124
11 years$6,617$5,917$5,283$4,711$4,196$3,478
12 years$6,003$5,311$4,689$4,132$3,636$2,954
13 years$5,485$4,799$4,189$3,648$3,170$2,524
14 years$5,040$4,362$3,764$3,238$2,779$2,167
15 years$4,656$3,985$3,398$2,888$2,447$1,867
16 years$4,320$3,656$3,081$2,586$2,163$1,615
17 years$4,023$3,367$2,804$2,323$1,918$1,401
18 years$3,760$3,112$2,559$2,094$1,705$1,218
19 years$3,525$2,884$2,343$1,892$1,520$1,061
20 years$3,314$2,680$2,150$1,714$1,357$926
21 years$3,123$2,496$1,978$1,555$1,215$809
22 years$2,949$2,330$1,823$1,414$1,089$708
23 years$2,791$2,179$1,683$1,288$977$621
24 years$2,647$2,042$1,557$1,174$879$544
25 years$2,514$1,916$1,442$1,073$791$478
26 years$2,391$1,801$1,337$981$712$420
27 years$2,278$1,695$1,242$898$642$369
28 years$2,173$1,597$1,154$822$579$325
29 years$2,076$1,507$1,074$754$523$286
30 years$1,985$1,423$1,000$692$473$252
31 years$1,900$1,345$933$636$427$222
32 years$1,820$1,273$870$584$387$195
33 years$1,746$1,205$813$537$350$172
34 years$1,676$1,142$759$494$317$152
35 years$1,610$1,083$710$455$287$134
36 years$1,549$1,028$664$419$260$118
37 years$1,490$977$622$386$236$104
38 years$1,435$928$582$356$214$92
39 years$1,383$883$545$328$194$81
40 years$1,333$840$511$303$176$72
41 years$1,286$799$479$279$159$63
42 years$1,241$761$450$258$145$56
43 years$1,199$725$422$238$131$49
44 years$1,158$691$396$220$119$43
45 years$1,120$659$372$203$108$38
46 years$1,083$629$349$187$98$34
47 years$1,048$600$328$173$89$30
48 years$1,015$573$308$160$81$26
49 years$983$547$290$148$74$23
50 years$952$523$272$137$67$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $975,000, adding $5,311 every year, while hoping to spend $22,074 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: 47/25/28 Blend
54$975,000$975,000$975,000$975,000
55$1,079,928$1,028,253$1,013,141$1,121,799
56$1,166,594$1,055,151$1,023,594$1,178,781
57$1,261,361$1,082,627$1,033,658$1,238,034
58$1,365,030$1,110,686$1,043,297$1,301,929
59$1,478,486$1,139,333$1,052,470$1,370,914
60$1,602,703$1,168,572$1,061,139$1,445,484
61$1,738,753$1,198,406$1,069,261$1,526,182
62$1,887,815$1,228,838$1,076,791$1,613,608
63$2,051,191$1,259,869$1,083,683$1,708,421
64$2,230,312$1,291,502$1,089,886$1,811,350
65$2,426,756$1,323,737$1,095,348$1,923,196
66$2,642,258$1,356,574$1,100,016$2,044,843
67$2,878,733$1,390,011$1,103,831$2,177,266
68$3,138,287$1,424,045$1,106,733$2,321,537
69$3,423,243$1,458,674$1,108,659$2,478,841
70$3,736,157$1,493,892$1,109,542$2,650,480
71$4,079,846$1,529,694$1,109,313$2,837,893
72$4,457,414$1,566,072$1,107,898$3,042,663
73$4,872,278$1,603,017$1,105,221$3,266,536
74$5,328,205$1,640,520$1,101,200$3,511,437
75$5,829,343$1,678,567$1,095,752$3,779,488
76$6,380,264$1,717,144$1,088,787$4,073,027
77$6,986,003$1,756,237$1,080,214$4,394,630
78$7,652,109$1,795,825$1,069,934$4,747,139
79$8,384,694$1,835,890$1,057,847$5,133,685
80$9,190,492$1,876,409$1,043,844$5,557,719
81$10,076,925$1,917,355$1,027,815$6,023,046
82$11,052,167$1,958,701$1,009,643$6,533,859
83$12,125,227$2,000,417$989,205$7,094,780
84$13,306,029$2,042,467$966,373$7,710,905
85$14,605,511$2,084,814$941,013$8,387,848
86$16,035,721$2,127,418$912,985$9,131,799
87$17,609,937$2,170,233$882,142$9,949,582
88$19,342,787$2,213,212$848,331$10,848,716
89$21,250,393$2,256,301$811,391$11,837,491
90$23,350,515$2,299,442$771,155$12,925,042
91$25,662,727$2,342,573$727,448$14,121,439
92$28,208,593$2,385,627$680,085$15,437,783
93$31,011,878$2,428,532$628,877$16,886,306
94$34,098,767$2,471,208$573,622$18,480,494
95$37,498,116$2,513,571$514,112$20,235,209
96$41,241,717$2,555,529$450,129$22,166,830
97$45,364,608$2,596,986$381,444$24,293,415
98$49,905,396$2,637,836$307,820$26,634,861
99$54,906,622$2,677,965$229,007$29,213,102
100$60,415,165$2,717,254$144,747$32,052,313