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%14.2%
1 years$81,753$81,025$80,315$79,621$78,944$77,572
2 years$40,472$39,718$38,988$38,279$37,592$36,215
3 years$26,713$25,956$25,228$24,526$23,850$22,510
4 years$19,835$19,081$18,359$17,670$17,010$15,717
5 years$15,710$14,959$14,248$13,572$12,931$11,689
6 years$12,960$12,215$11,514$10,854$10,232$9,042
7 years$10,997$10,259$9,568$8,923$8,321$7,185
8 years$9,525$8,793$8,115$7,486$6,903$5,819
9 years$8,381$7,656$6,989$6,376$5,813$4,782
10 years$7,466$6,749$6,093$5,496$4,953$3,973
11 years$6,718$6,008$5,364$4,783$4,260$3,329
12 years$6,095$5,392$4,761$4,196$3,692$2,810
13 years$5,569$4,873$4,253$3,704$3,219$2,385
14 years$5,118$4,430$3,822$3,288$2,822$2,034
15 years$4,727$4,046$3,451$2,932$2,485$1,741
16 years$4,386$3,713$3,128$2,626$2,196$1,495
17 years$4,085$3,419$2,847$2,359$1,947$1,287
18 years$3,818$3,159$2,599$2,126$1,731$1,111
19 years$3,579$2,928$2,379$1,921$1,543$961
20 years$3,365$2,721$2,183$1,740$1,378$832
21 years$3,171$2,534$2,008$1,579$1,233$722
22 years$2,995$2,366$1,851$1,436$1,106$627
23 years$2,834$2,213$1,709$1,308$992$545
24 years$2,687$2,073$1,581$1,193$892$475
25 years$2,552$1,946$1,464$1,089$803$413
26 years$2,428$1,829$1,358$996$723$360
27 years$2,313$1,721$1,261$912$652$314
28 years$2,206$1,622$1,172$835$588$274
29 years$2,107$1,530$1,091$766$531$239
30 years$2,015$1,445$1,016$703$480$209
31 years$1,929$1,366$947$646$434$183
32 years$1,848$1,292$884$593$392$160
33 years$1,773$1,224$825$546$355$139
34 years$1,702$1,160$771$502$322$122
35 years$1,635$1,100$721$462$291$107
36 years$1,572$1,044$674$426$264$93
37 years$1,513$992$631$392$239$82
38 years$1,457$942$591$361$217$71
39 years$1,404$896$554$333$197$62
40 years$1,353$853$519$307$178$55
41 years$1,306$812$487$284$162$48
42 years$1,260$773$456$262$147$42
43 years$1,217$737$428$242$133$37
44 years$1,176$702$402$223$121$32
45 years$1,137$669$378$206$110$28
46 years$1,100$639$355$190$100$25
47 years$1,064$609$333$176$91$22
48 years$1,030$582$313$162$82$19
49 years$998$556$294$150$75$16
50 years$967$531$277$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $990,000, adding $3,927 every year, while hoping to spend $21,758 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: 53/26/21 Blend
54$990,000$990,000$990,000$990,000
55$1,095,031$1,042,561$1,027,216$1,146,554
56$1,183,573$1,070,496$1,038,477$1,210,340
57$1,280,418$1,099,071$1,049,386$1,277,118
58$1,386,389$1,128,293$1,059,909$1,349,321
59$1,502,393$1,158,172$1,070,008$1,427,473
60$1,629,429$1,188,714$1,079,646$1,512,150
61$1,768,598$1,219,928$1,088,780$1,603,990
62$1,921,109$1,251,819$1,097,369$1,703,691
63$2,088,299$1,284,395$1,105,368$1,812,025
64$2,271,636$1,317,660$1,112,728$1,929,842
65$2,472,739$1,351,622$1,119,400$2,058,078
66$2,693,390$1,386,283$1,125,332$2,197,763
67$2,935,553$1,421,648$1,130,468$2,350,035
68$3,201,391$1,457,721$1,134,750$2,516,144
69$3,493,287$1,494,503$1,138,118$2,697,469
70$3,813,864$1,531,995$1,140,507$2,895,531
71$4,166,015$1,570,200$1,141,851$3,112,002
72$4,552,924$1,609,115$1,142,078$3,348,729
73$4,978,100$1,648,739$1,141,115$3,607,744
74$5,445,408$1,689,069$1,138,885$3,891,287
75$5,959,107$1,730,101$1,135,305$4,201,826
76$6,523,889$1,771,830$1,130,291$4,542,082
77$7,144,923$1,814,246$1,123,753$4,915,053
78$7,827,903$1,857,343$1,115,597$5,324,042
79$8,579,105$1,901,108$1,105,725$5,772,690
80$9,405,441$1,945,530$1,094,034$6,265,008
81$10,314,529$1,990,593$1,080,417$6,805,418
82$11,314,760$2,036,281$1,064,760$7,398,793
83$12,415,381$2,082,575$1,046,945$8,050,502
84$13,626,581$2,129,452$1,026,848$8,766,463
85$14,959,585$2,176,888$1,004,341$9,553,198
86$16,426,763$2,224,856$979,287$10,417,896
87$18,041,744$2,273,326$951,544$11,368,477
88$19,819,547$2,322,263$920,965$12,413,671
89$21,776,717$2,371,630$887,394$13,563,100
90$23,931,490$2,421,388$850,669$14,827,367
91$26,303,956$2,471,490$810,621$16,218,157
92$28,916,255$2,521,888$767,072$17,748,349
93$31,792,780$2,572,528$719,837$19,432,137
94$34,960,415$2,623,353$668,722$21,285,164
95$38,448,778$2,674,298$613,525$23,324,667
96$42,290,509$2,725,295$554,034$25,569,647
97$46,521,576$2,776,269$490,029$28,041,041
98$51,181,611$2,827,141$421,279$30,761,927
99$56,314,287$2,877,822$347,544$33,757,735
100$61,967,729$2,928,220$268,571$37,056,494