Can I retire at age 55 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$81,836$81,107$80,396$79,702$79,024$78,004
2 years$40,513$39,758$39,027$38,318$37,630$36,604
3 years$26,740$25,982$25,253$24,551$23,874$22,874
4 years$19,855$19,100$18,378$17,687$17,027$16,060
5 years$15,725$14,975$14,262$13,586$12,944$12,013
6 years$12,973$12,228$11,526$10,865$10,242$9,349
7 years$11,008$10,269$9,578$8,932$8,330$7,474
8 years$9,535$8,802$8,123$7,493$6,910$6,092
9 years$8,389$7,664$6,996$6,382$5,819$5,039
10 years$7,474$6,755$6,099$5,502$4,958$4,214
11 years$6,725$6,014$5,370$4,788$4,264$3,556
12 years$6,102$5,398$4,766$4,200$3,695$3,023
13 years$5,575$4,878$4,258$3,708$3,222$2,584
14 years$5,123$4,434$3,826$3,291$2,825$2,220
15 years$4,732$4,051$3,454$2,935$2,487$1,914
16 years$4,391$3,716$3,132$2,628$2,198$1,657
17 years$4,089$3,423$2,850$2,362$1,949$1,438
18 years$3,822$3,163$2,601$2,128$1,733$1,251
19 years$3,583$2,931$2,381$1,923$1,545$1,091
20 years$3,368$2,724$2,186$1,742$1,380$952
21 years$3,174$2,537$2,010$1,581$1,235$833
22 years$2,998$2,368$1,853$1,437$1,107$730
23 years$2,837$2,215$1,711$1,309$993$640
24 years$2,690$2,075$1,582$1,194$893$562
25 years$2,555$1,948$1,465$1,090$804$494
26 years$2,430$1,830$1,359$997$724$434
27 years$2,315$1,723$1,262$912$653$382
28 years$2,209$1,623$1,173$836$589$336
29 years$2,110$1,531$1,092$767$532$296
30 years$2,017$1,446$1,017$704$480$261
31 years$1,931$1,367$948$646$434$230
32 years$1,850$1,294$885$594$393$203
33 years$1,775$1,225$826$546$356$179
34 years$1,704$1,161$772$502$322$158
35 years$1,637$1,101$721$463$292$139
36 years$1,574$1,045$675$426$264$123
37 years$1,515$993$632$392$239$109
38 years$1,458$943$592$362$217$96
39 years$1,405$897$554$334$197$85
40 years$1,355$854$519$308$179$75
41 years$1,307$812$487$284$162$66
42 years$1,262$774$457$262$147$58
43 years$1,219$737$429$242$133$52
44 years$1,177$703$402$223$121$46
45 years$1,138$670$378$206$110$40
46 years$1,101$639$355$190$100$36
47 years$1,065$610$333$176$91$31
48 years$1,031$582$313$163$82$28
49 years$999$556$295$150$75$25
50 years$968$531$277$139$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $991,000, adding $2,971 every year, while hoping to spend $56,619 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: 33/49/18 Blend
54$991,000$991,000$991,000$991,000
55$1,095,147$1,042,624$1,027,263$1,125,086
56$1,146,609$1,033,470$1,001,434$1,138,324
57$1,201,424$1,021,970$972,842$1,147,149
58$1,259,872$1,007,950$941,335$1,155,461
59$1,322,262$991,223$906,754$1,163,247
60$1,388,934$971,594$868,931$1,170,500
61$1,460,258$948,855$827,693$1,177,215
62$1,536,641$922,785$782,858$1,183,393
63$1,618,530$893,153$734,235$1,189,042
64$1,706,413$859,711$681,625$1,194,175
65$1,800,829$822,198$624,821$1,198,816
66$1,902,366$780,339$563,605$1,202,997
67$2,011,673$733,840$497,751$1,206,760
68$2,129,459$682,394$427,022$1,210,163
69$2,256,507$625,674$351,170$1,213,275
70$2,393,674$563,335$269,936$1,216,184
71$2,541,902$495,012$183,053$1,218,993
72$2,702,227$420,319$90,237$1,221,830
73$2,875,789$338,850$0$1,224,845
74$3,063,840$250,173$0$1,229,909
75$3,267,755$153,835$0$1,254,140
76$3,489,048$49,356$0$1,280,494
77$3,729,385$0$0$1,309,314
78$3,990,597$0$0$1,375,378
79$4,274,698$0$0$1,476,305
80$4,583,905$0$0$1,586,287
81$4,920,656$0$0$1,706,208
82$5,287,635$0$0$1,837,042
83$5,687,796$0$0$1,979,860
84$6,124,389$0$0$2,135,841
85$6,600,993$0$0$2,306,285
86$7,121,546$0$0$2,492,621
87$7,690,383$0$0$2,696,423
88$8,312,278$0$0$2,919,423
89$8,992,488$0$0$3,163,530
90$9,736,798$0$0$3,430,846
91$10,551,581$0$0$3,723,683
92$11,443,852$0$0$4,044,591
93$12,421,340$0$0$4,396,377
94$13,492,553$0$0$4,782,130
95$14,666,864$0$0$5,205,256
96$15,954,593$0$0$5,669,504
97$17,367,110$0$0$6,179,004
98$18,916,935$0$0$6,738,307
99$20,617,862$0$0$7,352,424
100$22,485,082$0$0$8,026,875