Can I retire at age 55 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$82,001$81,271$80,558$79,862$79,183$78,356
2 years$40,595$39,839$39,106$38,395$37,706$36,874
3 years$26,794$26,035$25,304$24,600$23,922$23,110
4 years$19,895$19,138$18,415$17,723$17,062$16,275
5 years$15,757$15,005$14,291$13,613$12,970$12,212
6 years$12,999$12,253$11,549$10,886$10,263$9,534
7 years$11,030$10,290$9,597$8,950$8,346$7,648
8 years$9,554$8,820$8,139$7,508$6,924$6,255
9 years$8,406$7,680$7,010$6,395$5,831$5,192
10 years$7,489$6,769$6,112$5,513$4,968$4,358
11 years$6,739$6,026$5,381$4,798$4,273$3,692
12 years$6,114$5,409$4,775$4,208$3,703$3,149
13 years$5,586$4,888$4,266$3,715$3,229$2,703
14 years$5,133$4,443$3,833$3,298$2,831$2,331
15 years$4,742$4,059$3,461$2,941$2,492$2,019
16 years$4,399$3,724$3,138$2,634$2,203$1,754
17 years$4,098$3,429$2,855$2,366$1,953$1,529
18 years$3,830$3,169$2,607$2,132$1,737$1,336
19 years$3,590$2,937$2,386$1,927$1,548$1,170
20 years$3,375$2,729$2,190$1,745$1,383$1,026
21 years$3,180$2,542$2,014$1,584$1,237$902
22 years$3,004$2,373$1,857$1,440$1,109$793
23 years$2,843$2,219$1,714$1,312$995$699
24 years$2,695$2,079$1,585$1,196$895$616
25 years$2,560$1,951$1,468$1,092$805$544
26 years$2,435$1,834$1,362$999$725$481
27 years$2,320$1,726$1,265$914$654$425
28 years$2,213$1,626$1,176$838$590$376
29 years$2,114$1,534$1,094$768$533$333
30 years$2,021$1,449$1,019$705$481$295
31 years$1,935$1,370$950$647$435$261
32 years$1,854$1,296$886$595$394$231
33 years$1,778$1,227$828$547$356$205
34 years$1,707$1,163$773$503$323$182
35 years$1,640$1,103$723$463$292$161
36 years$1,577$1,047$676$427$265$143
37 years$1,518$995$633$393$240$127
38 years$1,461$945$593$362$218$113
39 years$1,408$899$555$334$197$100
40 years$1,358$855$521$308$179$89
41 years$1,310$814$488$284$162$79
42 years$1,264$775$458$262$147$70
43 years$1,221$739$430$242$134$62
44 years$1,180$704$403$224$121$55
45 years$1,141$671$379$207$110$49
46 years$1,103$641$356$191$100$44
47 years$1,067$611$334$176$91$39
48 years$1,033$584$314$163$82$34
49 years$1,001$557$295$151$75$31
50 years$970$532$277$139$68$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $993,000, adding $4,407 every year, while hoping to spend $29,095 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: 81/14/5 Blend
54$993,000$993,000$993,000$993,000
55$1,098,832$1,046,203$1,030,811$1,187,337
56$1,179,956$1,066,510$1,034,387$1,266,154
57$1,268,379$1,086,837$1,037,107$1,348,297
58$1,364,816$1,107,154$1,038,912$1,437,547
59$1,470,052$1,127,429$1,039,740$1,534,598
60$1,584,952$1,147,628$1,039,526$1,640,212
61$1,710,467$1,167,712$1,038,200$1,755,232
62$1,847,647$1,187,641$1,035,692$1,880,582
63$1,997,644$1,207,373$1,031,924$2,017,282
64$2,161,729$1,226,860$1,026,819$2,166,457
65$2,341,301$1,246,052$1,020,294$2,329,341
66$2,537,901$1,264,895$1,012,260$2,507,300
67$2,753,223$1,283,332$1,002,628$2,701,832
68$2,989,138$1,301,301$991,301$2,914,593
69$3,247,700$1,318,735$978,181$3,147,402
70$3,531,177$1,335,564$963,161$3,402,267
71$3,842,063$1,351,713$946,133$3,681,399
72$4,183,106$1,367,100$926,981$3,987,233
73$4,557,334$1,381,639$905,586$4,322,452
74$4,968,082$1,395,238$881,823$4,690,014
75$5,419,021$1,407,800$855,559$5,093,174
76$5,914,199$1,419,220$826,658$5,535,523
77$6,458,071$1,429,386$794,975$6,021,016
78$7,055,548$1,438,179$760,360$6,554,009
79$7,712,038$1,445,474$722,656$7,139,304
80$8,433,500$1,451,137$681,700$7,782,192
81$9,226,499$1,455,024$637,318$8,488,503
82$10,098,266$1,456,985$589,333$9,264,661
83$11,056,770$1,456,857$537,556$10,117,746
84$12,110,788$1,454,471$481,791$11,055,556
85$13,269,992$1,449,643$421,835$12,086,689
86$14,545,037$1,442,182$357,473$13,220,617
87$15,947,665$1,431,883$288,482$14,467,779
88$17,490,810$1,418,529$214,630$15,839,676
89$19,188,726$1,401,890$135,673$17,348,985
90$21,057,115$1,381,721$51,357$19,009,675
91$23,113,280$1,357,766$0$20,837,139
92$25,376,288$1,329,749$0$22,850,402
93$27,867,143$1,297,381$0$25,069,153
94$30,608,994$1,260,355$0$27,511,268
95$33,627,345$1,218,346$0$30,199,464
96$36,950,300$1,171,010$0$33,158,777
97$40,608,824$1,117,983$0$36,416,794
98$44,637,039$1,058,879$0$40,003,917
99$49,072,545$993,293$0$43,953,648
100$53,956,773$920,792$0$48,302,906