Can I retire at age 55 with 995,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$82,166$81,434$80,720$80,023$79,343$78,416
2 years$40,676$39,919$39,185$38,473$37,782$36,850
3 years$26,848$26,087$25,355$24,650$23,971$23,061
4 years$19,935$19,177$18,452$17,759$17,096$16,216
5 years$15,789$15,035$14,319$13,640$12,996$12,149
6 years$13,025$12,277$11,572$10,908$10,283$9,470
7 years$11,052$10,310$9,617$8,968$8,363$7,583
8 years$9,573$8,838$8,156$7,523$6,938$6,192
9 years$8,423$7,695$7,024$6,408$5,843$5,130
10 years$7,504$6,783$6,124$5,524$4,978$4,299
11 years$6,752$6,038$5,392$4,808$4,282$3,634
12 years$6,126$5,420$4,785$4,217$3,710$3,095
13 years$5,597$4,898$4,275$3,723$3,235$2,651
14 years$5,144$4,452$3,841$3,305$2,836$2,282
15 years$4,751$4,067$3,468$2,947$2,497$1,972
16 years$4,408$3,731$3,144$2,639$2,207$1,710
17 years$4,106$3,436$2,861$2,371$1,957$1,487
18 years$3,837$3,175$2,612$2,137$1,740$1,297
19 years$3,597$2,943$2,391$1,931$1,551$1,133
20 years$3,382$2,735$2,194$1,749$1,385$992
21 years$3,187$2,547$2,018$1,587$1,240$869
22 years$3,010$2,378$1,860$1,443$1,111$763
23 years$2,849$2,224$1,718$1,314$997$671
24 years$2,701$2,084$1,588$1,199$897$590
25 years$2,565$1,955$1,471$1,095$807$520
26 years$2,440$1,838$1,365$1,001$727$458
27 years$2,325$1,730$1,267$916$655$404
28 years$2,218$1,630$1,178$839$591$357
29 years$2,118$1,537$1,096$770$534$315
30 years$2,025$1,452$1,021$706$482$278
31 years$1,939$1,373$952$649$436$246
32 years$1,858$1,299$888$596$394$217
33 years$1,782$1,230$829$548$357$192
34 years$1,711$1,166$775$504$323$170
35 years$1,644$1,106$724$464$293$150
36 years$1,580$1,049$678$428$265$133
37 years$1,521$997$634$394$240$118
38 years$1,464$947$594$363$218$104
39 years$1,411$901$556$335$198$92
40 years$1,360$857$522$309$179$82
41 years$1,312$816$489$285$163$72
42 years$1,267$777$459$263$148$64
43 years$1,223$740$430$243$134$57
44 years$1,182$706$404$224$122$50
45 years$1,143$673$379$207$110$45
46 years$1,105$642$356$191$100$40
47 years$1,070$613$335$177$91$35
48 years$1,035$585$315$163$83$31
49 years$1,003$558$296$151$75$28
50 years$971$533$278$139$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $995,000, adding $4,987 every year, while hoping to spend $55,332 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: 74/9/17 Blend
54$995,000$995,000$995,000$995,000
55$1,101,634$1,048,899$1,033,477$1,178,524
56$1,155,128$1,041,422$1,009,225$1,222,659
57$1,212,224$1,031,725$982,307$1,263,733
58$1,273,230$1,019,639$952,574$1,307,282
59$1,338,486$1,004,988$919,872$1,353,537
60$1,408,363$987,584$884,039$1,402,755
61$1,483,268$967,227$844,906$1,455,221
62$1,563,648$943,707$802,297$1,511,248
63$1,649,992$916,802$756,026$1,571,181
64$1,742,840$886,273$705,901$1,635,405
65$1,842,781$851,872$651,721$1,704,342
66$1,950,465$813,334$593,273$1,778,458
67$2,066,604$770,379$530,339$1,858,271
68$2,191,980$722,710$462,688$1,944,349
69$2,327,454$670,015$390,080$2,037,324
70$2,473,971$611,962$312,265$2,137,891
71$2,632,570$548,202$228,980$2,246,818
72$2,804,393$478,365$139,951$2,364,954
73$2,990,696$402,060$44,895$2,493,236
74$3,192,860$318,874$0$2,632,699
75$3,412,403$228,370$0$2,794,744
76$3,650,998$130,089$0$2,979,733
77$3,910,480$23,544$0$3,180,966
78$4,192,872$0$0$3,400,043
79$4,500,400$0$0$3,647,817
80$4,835,511$0$0$3,920,395
81$5,200,899$0$0$4,217,641
82$5,599,530$0$0$4,541,974
83$6,034,668$0$0$4,896,054
84$6,509,906$0$0$5,282,810
85$7,029,198$0$0$5,705,467
86$7,596,900$0$0$6,167,575
87$8,217,805$0$0$6,673,043
88$8,897,191$0$0$7,226,175
89$9,640,873$0$0$7,831,709
90$10,455,249$0$0$8,494,864
91$11,347,368$0$0$9,221,387
92$12,324,992$0$0$10,017,607
93$13,396,670$0$0$10,890,493
94$14,571,817$0$0$11,847,724
95$15,860,802$0$0$12,897,754
96$17,275,048$0$0$14,049,896
97$18,827,135$0$0$15,314,409
98$20,530,921$0$0$16,702,591
99$22,401,670$0$0$18,226,891
100$24,456,199$0$0$19,901,020