Can I retire at age 55 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$81,753$81,025$80,315$79,621$78,944$75,992
2 years$40,472$39,718$38,988$38,279$37,592$34,652
3 years$26,713$25,956$25,228$24,526$23,850$21,014
4 years$19,835$19,081$18,359$17,670$17,010$14,300
5 years$15,710$14,959$14,248$13,572$12,931$10,353
6 years$12,960$12,215$11,514$10,854$10,232$7,789
7 years$10,997$10,259$9,568$8,923$8,321$6,012
8 years$9,525$8,793$8,115$7,486$6,903$4,726
9 years$8,381$7,656$6,989$6,376$5,813$3,765
10 years$7,466$6,749$6,093$5,496$4,953$3,030
11 years$6,718$6,008$5,364$4,783$4,260$2,458
12 years$6,095$5,392$4,761$4,196$3,692$2,006
13 years$5,569$4,873$4,253$3,704$3,219$1,645
14 years$5,118$4,430$3,822$3,288$2,822$1,354
15 years$4,727$4,046$3,451$2,932$2,485$1,119
16 years$4,386$3,713$3,128$2,626$2,196$926
17 years$4,085$3,419$2,847$2,359$1,947$768
18 years$3,818$3,159$2,599$2,126$1,731$639
19 years$3,579$2,928$2,379$1,921$1,543$532
20 years$3,365$2,721$2,183$1,740$1,378$443
21 years$3,171$2,534$2,008$1,579$1,233$370
22 years$2,995$2,366$1,851$1,436$1,106$309
23 years$2,834$2,213$1,709$1,308$992$258
24 years$2,687$2,073$1,581$1,193$892$215
25 years$2,552$1,946$1,464$1,089$803$180
26 years$2,428$1,829$1,358$996$723$151
27 years$2,313$1,721$1,261$912$652$126
28 years$2,206$1,622$1,172$835$588$106
29 years$2,107$1,530$1,091$766$531$88
30 years$2,015$1,445$1,016$703$480$74
31 years$1,929$1,366$947$646$434$62
32 years$1,848$1,292$884$593$392$52
33 years$1,773$1,224$825$546$355$43
34 years$1,702$1,160$771$502$322$36
35 years$1,635$1,100$721$462$291$31
36 years$1,572$1,044$674$426$264$26
37 years$1,513$992$631$392$239$21
38 years$1,457$942$591$361$217$18
39 years$1,404$896$554$333$197$15
40 years$1,353$853$519$307$178$13
41 years$1,306$812$487$284$162$11
42 years$1,260$773$456$262$147$9
43 years$1,217$737$428$242$133$7
44 years$1,176$702$402$223$121$6
45 years$1,137$669$378$206$110$5
46 years$1,100$639$355$190$100$4
47 years$1,064$609$333$176$91$4
48 years$1,030$582$313$162$82$3
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $990,000, adding $5,273 every year, while hoping to spend $47,995 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: 83/11/6 Blend
54$990,000$990,000$990,000$990,000
55$1,096,419$1,043,949$1,028,604$1,186,595
56$1,157,188$1,044,036$1,011,996$1,246,360
57$1,222,546$1,042,519$993,223$1,304,949
58$1,292,911$1,039,268$972,162$1,367,781
59$1,368,743$1,034,147$948,684$1,435,252
60$1,450,543$1,027,009$922,653$1,507,796
61$1,538,866$1,017,700$893,930$1,585,894
62$1,634,320$1,006,057$862,366$1,670,074
63$1,737,573$991,906$827,807$1,760,918
64$1,849,358$975,062$790,092$1,859,065
65$1,970,485$955,332$749,052$1,965,223
66$2,101,839$932,508$704,510$2,080,167
67$2,244,398$906,373$656,283$2,204,756
68$2,399,236$876,694$604,177$2,339,933
69$2,567,533$843,227$547,992$2,486,737
70$2,750,589$805,713$487,518$2,646,314
71$2,949,834$763,878$422,534$2,819,926
72$3,166,840$717,431$352,812$3,008,966
73$3,403,339$666,066$278,113$3,214,966
74$3,661,235$609,459$198,185$3,439,616
75$3,942,626$547,267$112,769$3,684,779
76$4,249,818$479,128$21,591$3,952,506
77$4,585,353$404,659$0$4,245,060
78$4,952,028$323,455$0$4,569,781
79$5,352,920$235,090$0$4,926,361
80$5,791,421$139,113$0$5,316,464
81$6,271,263$35,046$0$5,743,450
82$6,796,556$0$0$6,211,019
83$7,371,826$0$0$6,732,646
84$8,002,057$0$0$7,308,776
85$8,692,739$0$0$7,940,188
86$9,449,915$0$0$8,632,409
87$10,280,245$0$0$9,391,531
88$11,191,062$0$0$10,224,259
89$12,190,442$0$0$11,137,982
90$13,287,282$0$0$12,140,836
91$14,491,383$0$0$13,241,785
92$15,813,539$0$0$14,450,702
93$17,265,643$0$0$15,778,463
94$18,860,793$0$0$17,237,051
95$20,613,421$0$0$18,839,664
96$22,539,425$0$0$20,600,843
97$24,656,320$0$0$22,536,607
98$26,983,401$0$0$24,664,606
99$29,541,927$0$0$27,004,282
100$32,355,319$0$0$29,577,058