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%16.3%
1 years$82,166$81,434$80,720$80,023$79,343$77,299
2 years$40,676$39,919$39,185$38,473$37,782$35,737
3 years$26,848$26,087$25,355$24,650$23,971$21,988
4 years$19,935$19,177$18,452$17,759$17,096$15,191
5 years$15,789$15,035$14,319$13,640$12,996$11,174
6 years$13,025$12,277$11,572$10,908$10,283$8,545
7 years$11,052$10,310$9,617$8,968$8,363$6,710
8 years$9,573$8,838$8,156$7,523$6,938$5,369
9 years$8,423$7,695$7,024$6,408$5,843$4,356
10 years$7,504$6,783$6,124$5,524$4,978$3,573
11 years$6,752$6,038$5,392$4,808$4,282$2,954
12 years$6,126$5,420$4,785$4,217$3,710$2,460
13 years$5,597$4,898$4,275$3,723$3,235$2,058
14 years$5,144$4,452$3,841$3,305$2,836$1,730
15 years$4,751$4,067$3,468$2,947$2,497$1,460
16 years$4,408$3,731$3,144$2,639$2,207$1,235
17 years$4,106$3,436$2,861$2,371$1,957$1,048
18 years$3,837$3,175$2,612$2,137$1,740$890
19 years$3,597$2,943$2,391$1,931$1,551$758
20 years$3,382$2,735$2,194$1,749$1,385$646
21 years$3,187$2,547$2,018$1,587$1,240$552
22 years$3,010$2,378$1,860$1,443$1,111$472
23 years$2,849$2,224$1,718$1,314$997$403
24 years$2,701$2,084$1,588$1,199$897$345
25 years$2,565$1,955$1,471$1,095$807$296
26 years$2,440$1,838$1,365$1,001$727$253
27 years$2,325$1,730$1,267$916$655$217
28 years$2,218$1,630$1,178$839$591$186
29 years$2,118$1,537$1,096$770$534$160
30 years$2,025$1,452$1,021$706$482$137
31 years$1,939$1,373$952$649$436$118
32 years$1,858$1,299$888$596$394$101
33 years$1,782$1,230$829$548$357$87
34 years$1,711$1,166$775$504$323$75
35 years$1,644$1,106$724$464$293$64
36 years$1,580$1,049$678$428$265$55
37 years$1,521$997$634$394$240$47
38 years$1,464$947$594$363$218$41
39 years$1,411$901$556$335$198$35
40 years$1,360$857$522$309$179$30
41 years$1,312$816$489$285$163$26
42 years$1,267$777$459$263$148$22
43 years$1,223$740$430$243$134$19
44 years$1,182$706$404$224$122$16
45 years$1,143$673$379$207$110$14
46 years$1,105$642$356$191$100$12
47 years$1,070$613$335$177$91$10
48 years$1,035$585$315$163$83$9
49 years$1,003$558$296$151$75$8
50 years$971$533$278$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $995,000, adding $5,547 every year, while hoping to spend $30,519 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: 23/49/28 Blend
54$995,000$995,000$995,000$995,000
55$1,102,212$1,049,477$1,034,054$1,117,717
56$1,182,165$1,068,429$1,036,223$1,150,523
57$1,269,251$1,087,287$1,037,442$1,182,700
58$1,364,165$1,106,014$1,037,646$1,216,502
59$1,467,672$1,124,571$1,036,769$1,252,083
60$1,580,613$1,142,914$1,034,740$1,289,614
61$1,703,917$1,160,998$1,031,485$1,329,286
62$1,838,603$1,178,774$1,026,926$1,371,309
63$1,985,795$1,196,188$1,020,983$1,415,918
64$2,146,730$1,213,185$1,013,570$1,463,372
65$2,322,770$1,229,704$1,004,597$1,513,960
66$2,515,413$1,245,680$993,972$1,568,002
67$2,726,311$1,261,044$981,596$1,625,851
68$2,957,282$1,275,723$967,366$1,687,902
69$3,210,328$1,289,636$951,176$1,754,590
70$3,487,653$1,302,701$932,913$1,826,398
71$3,791,687$1,314,826$912,459$1,903,862
72$4,125,104$1,325,917$889,690$1,987,574
73$4,490,849$1,335,872$864,480$2,078,193
74$4,892,167$1,344,581$836,691$2,176,444
75$5,332,632$1,351,929$806,184$2,283,135
76$5,816,180$1,357,794$772,811$2,399,157
77$6,347,148$1,362,043$736,418$2,525,498
78$6,930,314$1,364,540$696,844$2,663,249
79$7,570,938$1,365,134$653,921$2,813,622
80$8,274,819$1,363,671$607,472$2,977,952
81$9,048,342$1,359,983$557,315$3,157,722
82$9,898,544$1,353,893$503,255$3,354,566
83$10,833,175$1,345,213$445,094$3,570,296
84$11,860,775$1,333,745$382,622$3,806,913
85$12,990,754$1,319,278$315,619$4,066,630
86$14,233,475$1,301,587$243,857$4,351,894
87$15,600,361$1,280,436$167,097$4,665,407
88$17,103,994$1,255,574$85,091$5,010,160
89$18,758,238$1,226,733$0$5,389,452
90$20,578,368$1,193,633$0$5,807,658
91$22,581,215$1,155,975$0$6,295,261
92$24,785,324$1,113,443$0$6,831,348
93$27,211,129$1,065,703$0$7,420,927
94$29,881,143$1,012,401$0$8,069,522
95$32,820,174$953,164$0$8,783,227
96$36,055,558$887,595$0$9,568,768
97$39,617,415$815,277$0$10,433,561
98$43,538,933$735,767$0$11,385,792
99$47,856,683$648,599$0$12,434,488
100$52,610,961$553,277$0$13,589,609