Can I retire at age 55 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$82,084$81,352$80,639$79,943$79,263$76,695
2 years$40,635$39,879$39,145$38,434$37,744$35,181
3 years$26,821$26,061$25,330$24,625$23,947$21,469
4 years$19,915$19,158$18,433$17,741$17,079$14,705
5 years$15,773$15,020$14,305$13,627$12,983$10,720
6 years$13,012$12,265$11,561$10,897$10,273$8,123
7 years$11,041$10,300$9,607$8,959$8,355$6,317
8 years$9,564$8,829$8,147$7,516$6,931$5,004
9 years$8,415$7,687$7,017$6,402$5,837$4,018
10 years$7,496$6,776$6,118$5,518$4,973$3,261
11 years$6,745$6,032$5,386$4,803$4,277$2,667
12 years$6,120$5,414$4,780$4,213$3,707$2,196
13 years$5,591$4,893$4,271$3,719$3,232$1,817
14 years$5,139$4,447$3,837$3,301$2,833$1,509
15 years$4,747$4,063$3,464$2,944$2,495$1,258
16 years$4,404$3,728$3,141$2,636$2,205$1,051
17 years$4,102$3,433$2,858$2,369$1,955$881
18 years$3,833$3,172$2,609$2,135$1,738$739
19 years$3,594$2,940$2,389$1,929$1,549$621
20 years$3,378$2,732$2,192$1,747$1,384$523
21 years$3,184$2,545$2,016$1,585$1,238$441
22 years$3,007$2,375$1,858$1,442$1,110$372
23 years$2,846$2,222$1,716$1,313$996$314
24 years$2,698$2,082$1,587$1,197$896$265
25 years$2,563$1,953$1,470$1,094$806$224
26 years$2,438$1,836$1,363$1,000$726$189
27 years$2,322$1,728$1,266$915$655$160
28 years$2,215$1,628$1,177$839$591$135
29 years$2,116$1,536$1,095$769$533$115
30 years$2,023$1,451$1,020$706$482$97
31 years$1,937$1,371$951$648$436$82
32 years$1,856$1,297$887$596$394$70
33 years$1,780$1,229$828$548$357$59
34 years$1,709$1,165$774$504$323$50
35 years$1,642$1,105$724$464$292$42
36 years$1,579$1,048$677$427$265$36
37 years$1,519$996$634$394$240$30
38 years$1,463$946$593$363$218$26
39 years$1,409$900$556$335$197$22
40 years$1,359$856$521$309$179$18
41 years$1,311$815$489$285$162$16
42 years$1,266$776$458$263$147$13
43 years$1,222$739$430$243$134$11
44 years$1,181$705$404$224$121$9
45 years$1,142$672$379$207$110$8
46 years$1,104$641$356$191$100$7
47 years$1,069$612$334$177$91$6
48 years$1,034$584$314$163$83$5
49 years$1,002$558$295$151$75$4
50 years$970$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $994,000, adding $2,883 every year, while hoping to spend $32,912 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: 49/25/26 Blend
54$994,000$994,000$994,000$994,000
55$1,098,362$1,045,680$1,030,273$1,143,957
56$1,175,377$1,061,900$1,029,769$1,192,357
57$1,259,144$1,077,812$1,028,145$1,241,404
58$1,350,318$1,093,366$1,025,329$1,294,039
59$1,449,617$1,108,508$1,021,245$1,350,616
60$1,557,835$1,123,182$1,015,813$1,411,525
61$1,675,842$1,137,325$1,008,951$1,477,201
62$1,804,598$1,150,874$1,000,570$1,548,119
63$1,945,158$1,163,758$990,581$1,624,807
64$2,098,685$1,175,903$978,886$1,707,848
65$2,266,457$1,187,229$965,385$1,797,885
66$2,449,885$1,197,652$949,975$1,895,628
67$2,650,518$1,207,082$932,543$2,001,862
68$2,870,063$1,215,422$912,976$2,117,451
69$3,110,402$1,222,570$891,154$2,243,354
70$3,373,605$1,228,418$866,949$2,380,625
71$3,661,952$1,232,849$840,231$2,530,430
72$3,977,953$1,235,741$810,861$2,694,055
73$4,324,375$1,236,963$778,695$2,872,922
74$4,704,263$1,236,376$743,584$3,068,597
75$5,120,972$1,233,832$705,368$3,282,813
76$5,578,197$1,229,176$663,883$3,517,477
77$6,080,007$1,222,240$618,958$3,774,700
78$6,630,887$1,212,848$570,411$4,056,806
79$7,235,774$1,200,814$518,056$4,366,363
80$7,900,108$1,185,939$461,697$4,706,205
81$8,629,882$1,168,014$401,127$5,079,456
82$9,431,698$1,146,814$336,133$5,489,567
83$10,312,829$1,122,106$266,490$5,940,342
84$11,281,287$1,093,638$191,967$6,435,979
85$12,345,898$1,061,147$112,318$6,981,111
86$13,516,389$1,024,352$27,290$7,580,848
87$14,803,472$982,957$0$8,240,825
88$16,218,953$936,649$0$8,984,863
89$17,775,838$885,095$0$9,811,441
90$19,488,454$827,946$0$10,720,625
91$21,372,592$764,831$0$11,720,843
92$23,445,645$695,356$0$12,821,385
93$25,726,781$619,109$0$14,032,490
94$28,237,117$535,650$0$15,365,448
95$30,999,924$444,517$0$16,832,699
96$34,040,839$345,221$0$18,447,961
97$37,388,113$237,246$0$20,226,352
98$41,072,876$120,046$0$22,184,536
99$45,129,426$0$0$24,340,883
100$49,595,559$0$0$26,717,555