Can I retire at age 55 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$81,340$80,616$79,909$79,219$78,545$77,022
2 years$40,268$39,518$38,791$38,086$37,403$35,874
3 years$26,578$25,825$25,100$24,402$23,730$22,244
4 years$19,735$18,984$18,267$17,580$16,924$15,492
5 years$15,630$14,884$14,176$13,503$12,866$11,492
6 years$12,895$12,154$11,456$10,799$10,180$8,866
7 years$10,941$10,207$9,520$8,878$8,279$7,025
8 years$9,477$8,749$8,074$7,448$6,868$5,673
9 years$8,339$7,618$6,954$6,344$5,784$4,648
10 years$7,429$6,715$6,063$5,468$4,928$3,849
11 years$6,684$5,978$5,337$4,759$4,239$3,216
12 years$6,065$5,365$4,737$4,174$3,673$2,705
13 years$5,541$4,849$4,232$3,685$3,203$2,289
14 years$5,092$4,407$3,802$3,271$2,808$1,945
15 years$4,704$4,026$3,433$2,918$2,472$1,659
16 years$4,364$3,694$3,113$2,612$2,185$1,420
17 years$4,065$3,402$2,832$2,347$1,937$1,218
18 years$3,799$3,143$2,586$2,115$1,723$1,048
19 years$3,561$2,913$2,367$1,911$1,535$903
20 years$3,348$2,707$2,172$1,731$1,371$779
21 years$3,155$2,522$1,998$1,571$1,227$673
22 years$2,980$2,354$1,842$1,428$1,100$583
23 years$2,820$2,202$1,700$1,301$987$505
24 years$2,674$2,063$1,573$1,187$888$437
25 years$2,539$1,936$1,456$1,084$799$379
26 years$2,416$1,819$1,351$991$719$329
27 years$2,301$1,712$1,254$907$649$286
28 years$2,195$1,613$1,166$831$585$249
29 years$2,097$1,522$1,085$762$528$216
30 years$2,005$1,437$1,011$699$477$188
31 years$1,919$1,359$942$642$432$164
32 years$1,839$1,286$879$590$391$142
33 years$1,764$1,218$821$543$353$124
34 years$1,693$1,154$767$499$320$108
35 years$1,627$1,095$717$460$290$94
36 years$1,564$1,039$671$423$263$82
37 years$1,505$987$628$390$238$71
38 years$1,450$938$588$360$216$62
39 years$1,397$892$551$332$196$54
40 years$1,347$848$516$306$177$47
41 years$1,299$808$484$282$161$41
42 years$1,254$769$454$260$146$36
43 years$1,211$733$426$240$133$31
44 years$1,170$698$400$222$120$27
45 years$1,131$666$376$205$109$24
46 years$1,094$635$353$189$99$21
47 years$1,059$606$331$175$90$18
48 years$1,025$579$311$162$82$16
49 years$993$553$293$149$74$14
50 years$962$528$275$138$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $985,000, adding $3,220 every year, while hoping to spend $20,249 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: 27/47/26 Blend
54$985,000$985,000$985,000$985,000
55$1,088,791$1,036,586$1,021,319$1,109,269
56$1,178,303$1,065,834$1,033,988$1,155,201
57$1,276,267$1,095,837$1,046,404$1,202,517
58$1,383,523$1,126,609$1,058,535$1,252,903
59$1,500,996$1,158,168$1,070,350$1,306,633
60$1,629,708$1,190,527$1,081,816$1,364,010
61$1,770,779$1,223,705$1,092,898$1,425,365
62$1,925,447$1,257,715$1,103,559$1,491,065
63$2,095,074$1,292,574$1,113,760$1,561,512
64$2,281,160$1,328,299$1,123,459$1,637,149
65$2,485,357$1,364,904$1,132,613$1,718,464
66$2,709,484$1,402,405$1,141,177$1,805,995
67$2,955,547$1,440,819$1,149,102$1,900,332
68$3,225,754$1,480,160$1,156,338$2,002,127
69$3,522,538$1,520,444$1,162,832$2,112,096
70$3,848,578$1,561,687$1,168,528$2,231,031
71$4,206,826$1,603,903$1,173,366$2,359,800
72$4,600,534$1,647,106$1,177,287$2,499,362
73$5,033,287$1,691,312$1,180,224$2,650,774
74$5,509,030$1,736,535$1,182,109$2,815,197
75$6,032,113$1,782,787$1,182,872$2,993,914
76$6,607,327$1,830,082$1,182,436$3,188,337
77$7,239,951$1,878,433$1,180,725$3,400,021
78$7,935,801$1,927,851$1,177,654$3,630,681
79$8,701,285$1,978,348$1,173,138$3,882,205
80$9,543,463$2,029,934$1,167,085$4,156,676
81$10,470,115$2,082,619$1,159,401$4,456,388
82$11,489,812$2,136,413$1,149,986$4,783,867
83$12,611,997$2,191,322$1,138,735$5,141,901
84$13,847,078$2,247,354$1,125,540$5,533,560
85$15,206,520$2,304,514$1,110,285$5,962,227
86$16,702,956$2,362,807$1,092,852$6,431,631
87$18,350,309$2,422,235$1,073,113$6,945,882
88$20,163,916$2,482,800$1,050,938$7,509,510
89$22,160,680$2,544,502$1,026,189$8,127,506
90$24,359,226$2,607,339$998,723$8,805,373
91$26,780,075$2,671,307$968,388$9,549,175
92$29,445,841$2,736,399$935,028$10,365,595
93$32,381,443$2,802,609$898,477$11,261,998
94$35,614,338$2,869,925$858,564$12,246,504
95$39,174,783$2,938,334$815,109$13,328,060
96$43,096,119$3,007,820$767,922$14,516,529
97$47,415,084$3,078,364$716,809$15,822,779
98$52,172,164$3,149,945$661,563$17,258,790
99$57,411,968$3,222,536$601,969$18,837,766
100$63,183,658$3,296,109$537,804$20,574,259