Can I retire at age 55 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$82,331$81,598$80,882$80,184$79,502$77,738
2 years$40,758$39,999$39,263$38,550$37,858$36,090
3 years$26,902$26,140$25,406$24,699$24,019$22,302
4 years$19,976$19,216$18,489$17,795$17,130$15,478
5 years$15,821$15,065$14,348$13,668$13,022$11,439
6 years$13,052$12,302$11,596$10,930$10,304$8,791
7 years$11,075$10,331$9,636$8,986$8,380$6,938
8 years$9,592$8,856$8,172$7,538$6,952$5,581
9 years$8,440$7,710$7,039$6,421$5,855$4,553
10 years$7,519$6,796$6,136$5,535$4,988$3,755
11 years$6,766$6,050$5,402$4,817$4,290$3,123
12 years$6,139$5,431$4,794$4,225$3,718$2,615
13 years$5,608$4,908$4,284$3,730$3,242$2,202
14 years$5,154$4,461$3,849$3,311$2,842$1,862
15 years$4,761$4,075$3,475$2,953$2,502$1,581
16 years$4,417$3,739$3,151$2,644$2,211$1,346
17 years$4,114$3,443$2,867$2,376$1,961$1,149
18 years$3,845$3,182$2,617$2,141$1,744$983
19 years$3,605$2,949$2,396$1,935$1,554$843
20 years$3,388$2,740$2,199$1,752$1,388$724
21 years$3,193$2,552$2,022$1,590$1,242$622
22 years$3,016$2,383$1,864$1,446$1,113$535
23 years$2,854$2,228$1,721$1,317$999$461
24 years$2,706$2,088$1,592$1,201$898$398
25 years$2,570$1,959$1,474$1,097$808$343
26 years$2,445$1,841$1,367$1,003$728$296
27 years$2,329$1,733$1,270$918$657$256
28 years$2,222$1,633$1,180$841$592$221
29 years$2,122$1,541$1,098$771$535$191
30 years$2,029$1,455$1,023$708$483$165
31 years$1,943$1,375$954$650$437$143
32 years$1,862$1,301$890$597$395$124
33 years$1,785$1,232$831$549$358$107
34 years$1,714$1,168$776$505$324$93
35 years$1,647$1,108$726$465$293$80
36 years$1,583$1,052$679$429$266$69
37 years$1,524$999$636$395$241$60
38 years$1,467$949$595$364$218$52
39 years$1,414$903$558$336$198$45
40 years$1,363$859$523$310$180$39
41 years$1,315$817$490$286$163$34
42 years$1,269$778$460$264$148$29
43 years$1,226$742$431$243$134$25
44 years$1,185$707$405$225$122$22
45 years$1,145$674$380$207$111$19
46 years$1,108$643$357$192$100$16
47 years$1,072$614$335$177$91$14
48 years$1,038$586$315$164$83$12
49 years$1,005$560$296$151$75$11
50 years$973$534$279$140$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $997,000, adding $5,624 every year, while hoping to spend $20,998 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: 50/38/12 Blend
54$997,000$997,000$997,000$997,000
55$1,104,495$1,051,654$1,036,201$1,155,870
56$1,194,812$1,080,844$1,048,572$1,220,876
57$1,293,637$1,110,759$1,060,653$1,288,804
58$1,401,817$1,141,415$1,072,414$1,362,143
59$1,520,282$1,172,824$1,083,819$1,441,408
60$1,650,058$1,205,000$1,094,835$1,527,163
61$1,792,275$1,237,956$1,105,423$1,620,033
62$1,948,176$1,271,705$1,115,543$1,720,703
63$2,119,131$1,306,259$1,125,155$1,829,928
64$2,306,649$1,341,633$1,134,214$1,948,539
65$2,512,392$1,377,838$1,142,675$2,077,451
66$2,738,190$1,414,886$1,150,489$2,217,672
67$2,986,061$1,452,790$1,157,606$2,370,311
68$3,258,224$1,491,562$1,163,970$2,536,590
69$3,557,126$1,531,212$1,169,527$2,717,855
70$3,885,464$1,571,752$1,174,217$2,915,589
71$4,246,205$1,613,192$1,177,977$3,131,422
72$4,642,622$1,655,542$1,180,743$3,367,155
73$5,078,317$1,698,811$1,182,446$3,624,767
74$5,557,261$1,743,008$1,183,013$3,906,441
75$6,083,826$1,788,141$1,182,369$4,214,580
76$6,662,833$1,834,217$1,180,435$4,551,834
77$7,299,591$1,881,242$1,177,128$4,921,118
78$7,999,947$1,929,221$1,172,360$5,325,648
79$8,770,348$1,978,158$1,166,040$5,768,965
80$9,617,893$2,028,058$1,158,072$6,254,971
81$10,550,406$2,078,921$1,148,356$6,787,965
82$11,576,507$2,130,748$1,136,786$7,372,683
83$12,705,695$2,183,539$1,123,252$8,014,347
84$13,948,434$2,237,290$1,107,639$8,718,706
85$15,316,255$2,291,998$1,089,825$9,492,097
86$16,821,864$2,347,657$1,069,685$10,341,504
87$18,479,260$2,404,258$1,047,086$11,274,620
88$20,303,871$2,461,793$1,021,889$12,299,926
89$22,312,692$2,520,248$993,950$13,426,763
90$24,524,456$2,579,608$963,116$14,665,427
91$26,959,799$2,639,858$929,229$16,027,264
92$29,641,463$2,700,975$892,123$17,524,775
93$32,594,508$2,762,939$851,624$19,171,738
94$35,846,546$2,825,721$807,552$20,983,334
95$39,428,005$2,889,292$759,716$22,976,295
96$43,372,413$2,953,620$707,919$25,169,056
97$47,716,718$3,018,666$651,953$27,581,936
98$52,501,633$3,084,390$591,602$30,237,322
99$57,772,019$3,150,745$526,641$33,159,890
100$63,577,315$3,217,681$456,833$36,376,829