Can I retire at age 55 with 997,000?

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 $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%18.6%
1 years$82,331$81,598$80,882$80,184$79,502$76,742
2 years$40,758$39,999$39,263$38,550$37,858$35,106
3 years$26,902$26,140$25,406$24,699$24,019$21,361
4 years$19,976$19,216$18,489$17,795$17,130$14,588
5 years$15,821$15,065$14,348$13,668$13,022$10,601
6 years$13,052$12,302$11,596$10,930$10,304$8,006
7 years$11,075$10,331$9,636$8,986$8,380$6,205
8 years$9,592$8,856$8,172$7,538$6,952$4,898
9 years$8,440$7,710$7,039$6,421$5,855$3,919
10 years$7,519$6,796$6,136$5,535$4,988$3,168
11 years$6,766$6,050$5,402$4,817$4,290$2,581
12 years$6,139$5,431$4,794$4,225$3,718$2,116
13 years$5,608$4,908$4,284$3,730$3,242$1,744
14 years$5,154$4,461$3,849$3,311$2,842$1,443
15 years$4,761$4,075$3,475$2,953$2,502$1,197
16 years$4,417$3,739$3,151$2,644$2,211$997
17 years$4,114$3,443$2,867$2,376$1,961$831
18 years$3,845$3,182$2,617$2,141$1,744$694
19 years$3,605$2,949$2,396$1,935$1,554$581
20 years$3,388$2,740$2,199$1,752$1,388$487
21 years$3,193$2,552$2,022$1,590$1,242$408
22 years$3,016$2,383$1,864$1,446$1,113$343
23 years$2,854$2,228$1,721$1,317$999$288
24 years$2,706$2,088$1,592$1,201$898$242
25 years$2,570$1,959$1,474$1,097$808$204
26 years$2,445$1,841$1,367$1,003$728$171
27 years$2,329$1,733$1,270$918$657$144
28 years$2,222$1,633$1,180$841$592$121
29 years$2,122$1,541$1,098$771$535$102
30 years$2,029$1,455$1,023$708$483$86
31 years$1,943$1,375$954$650$437$72
32 years$1,862$1,301$890$597$395$61
33 years$1,785$1,232$831$549$358$51
34 years$1,714$1,168$776$505$324$43
35 years$1,647$1,108$726$465$293$37
36 years$1,583$1,052$679$429$266$31
37 years$1,524$999$636$395$241$26
38 years$1,467$949$595$364$218$22
39 years$1,414$903$558$336$198$18
40 years$1,363$859$523$310$180$16
41 years$1,315$817$490$286$163$13
42 years$1,269$778$460$264$148$11
43 years$1,226$742$431$243$134$9
44 years$1,185$707$405$225$122$8
45 years$1,145$674$380$207$111$7
46 years$1,108$643$357$192$100$6
47 years$1,072$614$335$177$91$5
48 years$1,038$586$315$164$83$4
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $997,000, adding $5,546 every year, while hoping to spend $35,015 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: 40/38/22 Blend
54$997,000$997,000$997,000$997,000
55$1,104,415$1,051,574$1,036,120$1,141,205
56$1,179,809$1,065,845$1,033,575$1,182,419
57$1,261,721$1,079,642$1,029,770$1,223,239
58$1,350,776$1,092,905$1,024,628$1,266,693
59$1,447,667$1,105,569$1,018,064$1,313,042
60$1,553,153$1,117,565$1,009,993$1,362,573
61$1,668,069$1,128,821$1,000,323$1,415,605
62$1,793,337$1,139,258$988,958$1,472,491
63$1,929,969$1,148,793$975,799$1,533,621
64$2,079,078$1,157,337$960,742$1,599,428
65$2,241,893$1,164,795$943,675$1,670,390
66$2,419,764$1,171,067$924,486$1,747,036
67$2,614,177$1,176,047$903,054$1,829,952
68$2,826,770$1,179,620$879,252$1,919,786
69$3,059,344$1,181,665$852,951$2,017,254
70$3,313,885$1,182,054$824,013$2,123,148
71$3,592,577$1,180,651$792,293$2,238,345
72$3,897,827$1,177,310$757,642$2,363,813
73$4,232,285$1,171,878$719,903$2,500,625
74$4,598,869$1,164,191$678,911$2,649,964
75$5,000,794$1,154,077$634,495$2,813,139
76$5,441,600$1,141,351$586,475$2,991,597
77$5,925,186$1,125,820$534,665$3,186,936
78$6,455,847$1,107,277$478,868$3,400,923
79$7,038,313$1,085,504$418,880$3,635,511
80$7,677,796$1,060,269$354,487$3,892,855
81$8,380,036$1,031,327$285,467$4,175,337
82$9,151,356$998,418$211,587$4,485,589
83$9,998,723$961,269$132,603$4,826,517
84$10,929,809$919,587$48,262$5,201,329
85$11,953,070$873,067$0$5,613,570
86$13,077,818$821,383$0$6,076,953
87$14,314,315$764,190$0$6,598,725
88$15,673,866$701,126$0$7,172,383
89$17,168,924$631,805$0$7,803,264
90$18,813,213$555,822$0$8,497,253
91$20,621,850$472,747$0$9,260,845
92$22,611,494$382,127$0$10,101,198
93$24,800,497$283,482$0$11,026,214
94$27,209,082$176,306$0$12,044,602
95$29,859,528$60,065$0$13,165,970
96$32,776,386$0$0$14,400,915
97$35,986,706$0$0$15,788,639
98$39,520,294$0$0$17,343,903
99$43,409,990$0$0$19,056,067
100$47,691,981$0$0$20,941,079