Can I retire at age 55 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$81,010$80,288$79,584$78,897$78,226$77,799
2 years$40,104$39,357$38,633$37,931$37,251$36,819
3 years$26,470$25,720$24,998$24,303$23,633$23,211
4 years$19,655$18,907$18,192$17,509$16,855$16,446
5 years$15,567$14,823$14,118$13,449$12,813$12,418
6 years$12,842$12,104$11,409$10,755$10,139$9,758
7 years$10,897$10,165$9,481$8,842$8,245$7,879
8 years$9,438$8,714$8,041$7,418$6,840$6,489
9 years$8,305$7,587$6,926$6,318$5,761$5,424
10 years$7,398$6,687$6,038$5,446$4,908$4,586
11 years$6,657$5,953$5,316$4,740$4,221$3,913
12 years$6,040$5,343$4,718$4,157$3,658$3,364
13 years$5,518$4,829$4,215$3,670$3,190$2,909
14 years$5,071$4,389$3,787$3,258$2,796$2,529
15 years$4,684$4,010$3,419$2,906$2,462$2,208
16 years$4,346$3,679$3,100$2,602$2,176$1,934
17 years$4,048$3,388$2,821$2,338$1,929$1,700
18 years$3,783$3,131$2,575$2,107$1,716$1,498
19 years$3,547$2,902$2,357$1,904$1,529$1,323
20 years$3,334$2,696$2,163$1,724$1,366$1,171
21 years$3,142$2,511$1,990$1,565$1,222$1,038
22 years$2,968$2,344$1,834$1,423$1,096$921
23 years$2,808$2,193$1,693$1,296$983$819
24 years$2,663$2,054$1,566$1,182$884$729
25 years$2,529$1,928$1,451$1,079$795$650
26 years$2,406$1,812$1,345$987$716$579
27 years$2,292$1,705$1,249$903$646$517
28 years$2,186$1,607$1,161$828$583$462
29 years$2,088$1,516$1,081$759$526$413
30 years$1,997$1,432$1,007$696$476$369
31 years$1,912$1,353$938$640$430$330
32 years$1,832$1,280$876$588$389$296
33 years$1,757$1,213$818$541$352$265
34 years$1,687$1,149$764$497$319$237
35 years$1,620$1,090$714$458$289$212
36 years$1,558$1,035$668$422$262$190
37 years$1,499$983$625$389$237$171
38 years$1,444$934$586$358$215$153
39 years$1,391$888$549$330$195$137
40 years$1,341$845$514$305$177$123
41 years$1,294$804$482$281$160$110
42 years$1,249$766$452$259$146$99
43 years$1,206$730$424$239$132$89
44 years$1,166$696$398$221$120$80
45 years$1,127$663$374$204$109$72
46 years$1,090$633$351$189$99$64
47 years$1,055$604$330$174$90$58
48 years$1,021$577$310$161$81$52
49 years$989$551$292$149$74$47
50 years$958$526$274$138$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $981,000, adding $5,245 every year, while hoping to spend $52,841 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: 60/17/23 Blend
54$981,000$981,000$981,000$981,000
55$1,086,472$1,034,479$1,019,274$1,144,723
56$1,141,070$1,028,946$997,197$1,179,348
57$1,199,466$1,021,371$972,610$1,210,901
58$1,261,991$1,011,598$945,372$1,244,167
59$1,329,010$999,462$915,337$1,279,321
60$1,400,920$984,787$882,353$1,316,561
61$1,478,161$967,389$846,258$1,356,105
62$1,561,212$947,070$806,887$1,398,196
63$1,650,601$923,622$764,063$1,443,104
64$1,746,908$896,824$717,604$1,491,129
65$1,850,768$866,444$667,320$1,542,606
66$1,962,880$832,234$613,009$1,597,905
67$2,084,013$793,933$554,464$1,657,438
68$2,215,011$751,263$491,467$1,721,662
69$2,356,800$703,934$423,789$1,791,084
70$2,510,402$651,635$351,195$1,866,268
71$2,676,938$594,039$273,434$1,947,837
72$2,857,639$530,801$190,248$2,036,484
73$3,053,864$461,556$101,367$2,132,976
74$3,267,103$385,917$6,507$2,238,164
75$3,498,997$303,477$0$2,352,991
76$3,751,352$213,804$0$2,501,746
77$4,026,154$116,445$0$2,665,554
78$4,325,589$10,918$0$2,844,177
79$4,652,062$0$0$3,039,113
80$5,008,222$0$0$3,271,339
81$5,396,982$0$0$3,527,124
82$5,821,550$0$0$3,806,545
83$6,285,457$0$0$4,111,937
84$6,792,591$0$0$4,445,868
85$7,347,232$0$0$4,811,167
86$7,954,093$0$0$5,210,949
87$8,618,364$0$0$5,648,643
88$9,345,759$0$0$6,128,027
89$10,142,569$0$0$6,653,259
90$11,015,726$0$0$7,228,921
91$11,972,862$0$0$7,860,056
92$13,022,381$0$0$8,552,222
93$14,173,542$0$0$9,311,537
94$15,436,543$0$0$10,144,743
95$16,822,615$0$0$11,059,264
96$18,344,129$0$0$12,063,278
97$20,014,715$0$0$13,165,795
98$21,849,384$0$0$14,376,738
99$23,864,674$0$0$15,707,040
100$26,078,803$0$0$17,168,746