Can I retire at age 55 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$82,166$81,434$80,720$80,023$79,343$77,773
2 years$40,676$39,919$39,185$38,473$37,782$36,207
3 years$26,848$26,087$25,355$24,650$23,971$22,439
4 years$19,935$19,177$18,452$17,759$17,096$15,621
5 years$15,789$15,035$14,319$13,640$12,996$11,581
6 years$13,025$12,277$11,572$10,908$10,283$8,929
7 years$11,052$10,310$9,617$8,968$8,363$7,071
8 years$9,573$8,838$8,156$7,523$6,938$5,707
9 years$8,423$7,695$7,024$6,408$5,843$4,673
10 years$7,504$6,783$6,124$5,524$4,978$3,868
11 years$6,752$6,038$5,392$4,808$4,282$3,229
12 years$6,126$5,420$4,785$4,217$3,710$2,715
13 years$5,597$4,898$4,275$3,723$3,235$2,295
14 years$5,144$4,452$3,841$3,305$2,836$1,949
15 years$4,751$4,067$3,468$2,947$2,497$1,662
16 years$4,408$3,731$3,144$2,639$2,207$1,421
17 years$4,106$3,436$2,861$2,371$1,957$1,218
18 years$3,837$3,175$2,612$2,137$1,740$1,047
19 years$3,597$2,943$2,391$1,931$1,551$901
20 years$3,382$2,735$2,194$1,749$1,385$777
21 years$3,187$2,547$2,018$1,587$1,240$671
22 years$3,010$2,378$1,860$1,443$1,111$580
23 years$2,849$2,224$1,718$1,314$997$502
24 years$2,701$2,084$1,588$1,199$897$435
25 years$2,565$1,955$1,471$1,095$807$377
26 years$2,440$1,838$1,365$1,001$727$327
27 years$2,325$1,730$1,267$916$655$284
28 years$2,218$1,630$1,178$839$591$247
29 years$2,118$1,537$1,096$770$534$214
30 years$2,025$1,452$1,021$706$482$186
31 years$1,939$1,373$952$649$436$162
32 years$1,858$1,299$888$596$394$141
33 years$1,782$1,230$829$548$357$122
34 years$1,711$1,166$775$504$323$106
35 years$1,644$1,106$724$464$293$93
36 years$1,580$1,049$678$428$265$81
37 years$1,521$997$634$394$240$70
38 years$1,464$947$594$363$218$61
39 years$1,411$901$556$335$198$53
40 years$1,360$857$522$309$179$46
41 years$1,312$816$489$285$163$40
42 years$1,267$777$459$263$148$35
43 years$1,223$740$430$243$134$31
44 years$1,182$706$404$224$122$27
45 years$1,143$673$379$207$110$23
46 years$1,105$642$356$191$100$20
47 years$1,070$613$335$177$91$18
48 years$1,035$585$315$163$83$15
49 years$1,003$558$296$151$75$13
50 years$971$533$278$139$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $995,000, adding $5,010 every year, while hoping to spend $21,007 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: 57/16/27 Blend
54$995,000$995,000$995,000$995,000
55$1,101,658$1,048,923$1,033,500$1,156,052
56$1,191,676$1,077,969$1,045,771$1,222,960
57$1,290,171$1,107,734$1,057,749$1,293,220
58$1,397,987$1,138,231$1,069,402$1,369,368
59$1,516,051$1,169,474$1,080,697$1,451,980
60$1,645,385$1,201,475$1,091,596$1,541,690
61$1,787,114$1,234,246$1,102,064$1,639,197
62$1,942,476$1,267,802$1,112,061$1,745,270
63$2,112,838$1,302,153$1,121,544$1,860,757
64$2,299,702$1,337,313$1,130,471$1,986,591
65$2,504,724$1,373,294$1,138,793$2,123,803
66$2,729,727$1,410,107$1,146,464$2,273,525
67$2,976,721$1,447,763$1,153,432$2,437,008
68$3,247,918$1,486,275$1,159,643$2,615,629
69$3,545,755$1,525,652$1,165,041$2,810,904
70$3,872,917$1,565,904$1,169,566$3,024,506
71$4,232,364$1,607,043$1,173,155$3,258,276
72$4,627,353$1,649,076$1,175,743$3,514,246
73$5,061,474$1,692,012$1,177,262$3,794,652
74$5,538,683$1,735,859$1,177,639$4,101,960
75$6,063,337$1,780,624$1,176,798$4,438,887
76$6,640,236$1,826,313$1,174,660$4,808,427
77$7,274,670$1,872,933$1,171,140$5,213,881
78$7,972,466$1,920,486$1,166,153$5,658,886
79$8,740,044$1,968,976$1,159,605$6,147,448
80$9,584,478$2,018,405$1,151,402$6,683,986
81$10,513,562$2,068,774$1,141,441$7,273,366
82$11,535,884$2,120,083$1,129,618$7,920,955
83$12,660,905$2,172,329$1,115,822$8,632,663
84$13,899,053$2,225,508$1,099,937$9,415,008
85$15,261,814$2,279,615$1,081,842$10,275,171
86$16,761,845$2,334,643$1,061,411$11,221,065
87$18,413,095$2,390,582$1,038,509$12,261,413
88$20,230,930$2,447,420$1,012,999$13,405,828
89$22,232,286$2,505,144$984,735$14,664,903
90$24,435,820$2,563,737$953,565$16,050,315
91$26,862,094$2,623,181$919,330$17,574,930
92$29,533,763$2,683,452$881,863$19,252,929
93$32,475,792$2,744,526$840,990$21,099,942
94$35,715,690$2,806,375$796,530$23,133,192
95$39,283,769$2,868,967$748,293$25,371,663
96$43,213,433$2,932,265$696,080$27,836,273
97$47,541,488$2,996,231$639,684$30,550,079
98$52,308,493$3,060,820$578,887$33,538,490
99$57,559,143$3,125,984$513,463$36,829,508
100$63,342,688$3,191,669$443,176$40,453,996