Can I retire at age 55 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$81,423$80,698$79,990$79,299$78,625$77,418
2 years$40,308$39,558$38,830$38,125$37,440$36,227
3 years$26,605$25,851$25,126$24,427$23,754$22,572
4 years$19,755$19,004$18,285$17,598$16,941$15,801
5 years$15,646$14,899$14,190$13,517$12,879$11,782
6 years$12,908$12,166$11,468$10,810$10,190$9,139
7 years$10,952$10,217$9,530$8,887$8,288$7,282
8 years$9,487$8,758$8,082$7,455$6,875$5,915
9 years$8,347$7,625$6,961$6,350$5,790$4,875
10 years$7,436$6,721$6,069$5,474$4,933$4,062
11 years$6,691$5,984$5,343$4,764$4,243$3,415
12 years$6,071$5,371$4,742$4,179$3,677$2,892
13 years$5,546$4,853$4,236$3,689$3,206$2,462
14 years$5,097$4,412$3,806$3,275$2,811$2,107
15 years$4,708$4,030$3,437$2,921$2,475$1,810
16 years$4,368$3,698$3,116$2,615$2,187$1,559
17 years$4,069$3,405$2,835$2,350$1,939$1,348
18 years$3,803$3,147$2,588$2,117$1,724$1,167
19 years$3,565$2,916$2,369$1,913$1,537$1,013
20 years$3,351$2,710$2,174$1,733$1,373$881
21 years$3,158$2,524$2,000$1,573$1,228$767
22 years$2,983$2,356$1,843$1,430$1,101$669
23 years$2,823$2,204$1,702$1,302$988$584
24 years$2,676$2,065$1,574$1,188$888$510
25 years$2,542$1,938$1,458$1,085$799$446
26 years$2,418$1,821$1,352$992$720$390
27 years$2,304$1,714$1,256$908$649$342
28 years$2,198$1,615$1,167$832$586$299
29 years$2,099$1,524$1,086$763$529$262
30 years$2,007$1,439$1,012$700$478$230
31 years$1,921$1,360$943$643$432$202
32 years$1,841$1,287$880$591$391$177
33 years$1,766$1,219$822$543$354$156
34 years$1,695$1,155$768$500$320$137
35 years$1,629$1,096$718$460$290$120
36 years$1,566$1,040$672$424$263$105
37 years$1,507$988$629$391$238$93
38 years$1,451$939$589$360$216$81
39 years$1,398$893$551$332$196$71
40 years$1,348$849$517$306$178$63
41 years$1,300$808$485$282$161$55
42 years$1,255$770$455$261$146$48
43 years$1,212$734$427$241$133$43
44 years$1,172$699$400$222$120$37
45 years$1,133$667$376$205$109$33
46 years$1,095$636$353$190$99$29
47 years$1,060$607$332$175$90$25
48 years$1,026$579$312$162$82$22
49 years$994$553$293$150$74$20
50 years$963$529$276$138$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $986,000, adding $4,195 every year, while hoping to spend $52,446 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: 61/18/21 Blend
54$986,000$986,000$986,000$986,000
55$1,090,899$1,038,641$1,023,358$1,151,207
56$1,146,369$1,033,732$1,001,839$1,187,592
57$1,205,738$1,026,825$977,840$1,221,126
58$1,269,351$1,017,767$951,225$1,256,542
59$1,337,581$1,006,394$921,848$1,294,031
60$1,410,842$992,535$889,557$1,333,804
61$1,489,585$976,007$854,195$1,376,096
62$1,574,308$956,616$815,595$1,421,170
63$1,665,555$934,158$773,585$1,469,316
64$1,763,926$908,416$727,984$1,520,855
65$1,870,077$879,159$678,603$1,576,146
66$1,984,732$846,145$625,243$1,635,586
67$2,108,685$809,116$567,699$1,699,617
68$2,242,809$767,801$505,755$1,768,725
69$2,388,063$721,911$439,185$1,843,454
70$2,545,503$671,141$367,755$1,924,404
71$2,716,288$615,171$291,218$2,012,241
72$2,901,693$553,659$209,319$2,107,704
73$3,103,124$486,245$121,788$2,211,608
74$3,322,121$412,551$28,347$2,324,861
75$3,560,385$332,173$0$2,448,463
76$3,819,783$244,688$0$2,599,518
77$4,102,371$149,648$0$2,771,080
78$4,410,412$46,580$0$2,958,221
79$4,746,395$0$0$3,162,520
80$5,113,061$0$0$3,398,599
81$5,513,427$0$0$3,666,520
82$5,950,814$0$0$3,959,289
83$6,428,877$0$0$4,279,362
84$6,951,641$0$0$4,629,444
85$7,523,539$0$0$5,012,512
86$8,149,449$0$0$5,431,845
87$8,834,745$0$0$5,891,054
88$9,585,344$0$0$6,394,115
89$10,407,762$0$0$6,945,406
90$11,309,175$0$0$7,549,750
91$12,297,487$0$0$8,212,459
92$13,381,402$0$0$8,939,383
93$14,570,507$0$0$9,736,964
94$15,875,364$0$0$10,612,299
95$17,307,604$0$0$11,573,207
96$18,880,041$0$0$12,628,299
97$20,606,788$0$0$13,787,061
98$22,503,395$0$0$15,059,944
99$24,586,989$0$0$16,458,458
100$26,876,440$0$0$17,995,286