Can I retire at age 55 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$81,093$80,370$79,666$78,978$78,306$77,296
2 years$40,145$39,397$38,673$37,970$37,289$36,272
3 years$26,497$25,747$25,024$24,328$23,657$22,666
4 years$19,675$18,926$18,211$17,527$16,873$15,915
5 years$15,583$14,839$14,132$13,462$12,826$11,904
6 years$12,855$12,117$11,421$10,766$10,149$9,264
7 years$10,908$10,176$9,491$8,851$8,254$7,406
8 years$9,448$8,722$8,049$7,425$6,847$6,037
9 years$8,313$7,594$6,933$6,325$5,767$4,993
10 years$7,406$6,694$6,044$5,452$4,913$4,176
11 years$6,664$5,959$5,321$4,745$4,226$3,524
12 years$6,046$5,349$4,722$4,162$3,662$2,995
13 years$5,524$4,834$4,219$3,674$3,193$2,560
14 years$5,077$4,394$3,791$3,262$2,799$2,199
15 years$4,689$4,014$3,423$2,909$2,465$1,897
16 years$4,351$3,683$3,103$2,604$2,178$1,642
17 years$4,052$3,392$2,824$2,340$1,931$1,425
18 years$3,787$3,134$2,578$2,109$1,717$1,240
19 years$3,550$2,904$2,360$1,906$1,531$1,081
20 years$3,338$2,699$2,166$1,726$1,367$944
21 years$3,145$2,514$1,992$1,566$1,223$826
22 years$2,971$2,347$1,836$1,424$1,097$723
23 years$2,811$2,195$1,695$1,297$984$634
24 years$2,666$2,056$1,568$1,183$885$557
25 years$2,532$1,930$1,452$1,080$796$489
26 years$2,408$1,814$1,347$988$717$430
27 years$2,294$1,707$1,251$904$647$378
28 years$2,189$1,608$1,163$828$583$333
29 years$2,090$1,517$1,082$760$527$293
30 years$1,999$1,433$1,008$697$476$259
31 years$1,913$1,355$939$640$430$228
32 years$1,834$1,282$877$588$389$201
33 years$1,759$1,214$818$541$352$177
34 years$1,688$1,150$765$498$319$156
35 years$1,622$1,091$715$458$289$138
36 years$1,560$1,036$669$422$262$122
37 years$1,501$984$626$389$237$108
38 years$1,445$935$586$358$215$95
39 years$1,392$889$549$331$195$84
40 years$1,343$846$515$305$177$74
41 years$1,295$805$483$281$161$66
42 years$1,250$767$453$260$146$58
43 years$1,207$731$425$240$132$51
44 years$1,167$696$399$221$120$45
45 years$1,128$664$374$204$109$40
46 years$1,091$633$352$189$99$35
47 years$1,056$605$330$174$90$31
48 years$1,022$577$311$161$82$28
49 years$990$551$292$149$74$24
50 years$959$526$274$138$67$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $982,000, adding $2,746 every year, while hoping to spend $37,851 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: 67/24/9 Blend
54$982,000$982,000$982,000$982,000
55$1,084,996$1,032,950$1,017,729$1,155,581
56$1,155,393$1,043,292$1,011,550$1,213,169
57$1,231,701$1,052,871$1,003,895$1,271,315
58$1,314,484$1,061,612$994,676$1,333,889
59$1,404,362$1,069,431$983,797$1,401,318
60$1,502,014$1,076,240$971,162$1,474,073
61$1,608,191$1,081,947$956,667$1,552,676
62$1,723,717$1,086,453$940,206$1,637,699
63$1,849,498$1,089,651$921,664$1,729,776
64$1,986,532$1,091,430$900,926$1,829,604
65$2,135,918$1,091,670$877,867$1,937,952
66$2,298,865$1,090,244$852,358$2,055,670
67$2,476,702$1,087,019$824,265$2,183,693
68$2,670,894$1,081,852$793,447$2,323,054
69$2,883,053$1,074,590$759,755$2,474,891
70$3,114,954$1,065,075$723,036$2,640,459
71$3,368,550$1,053,134$683,129$2,821,144
72$3,645,994$1,038,589$639,865$3,018,473
73$3,949,652$1,021,247$593,067$3,234,131
74$4,282,135$1,000,906$542,553$3,469,975
75$4,646,313$977,351$488,130$3,728,054
76$5,045,351$950,356$429,596$4,010,629
77$5,482,732$919,678$366,742$4,320,191
78$5,962,293$885,064$299,350$4,659,489
79$6,488,259$846,245$227,191$5,031,555
80$7,065,284$802,934$150,025$5,439,729
81$7,698,496$754,830$67,603$5,887,700
82$8,393,540$701,615$0$6,379,531
83$9,156,638$642,951$0$6,921,660
84$9,994,641$578,481$0$7,524,132
85$10,915,097$507,829$0$8,185,924
86$11,926,321$430,597$0$8,913,076
87$13,037,474$346,364$0$9,712,246
88$14,258,646$254,685$0$10,590,772
89$15,600,955$155,092$0$11,556,745
90$17,076,649$47,089$0$12,619,083
91$18,699,222$0$0$13,787,618
92$20,483,542$0$0$15,091,634
93$22,445,988$0$0$16,539,573
94$24,604,607$0$0$18,132,321
95$26,979,282$0$0$19,884,561
96$29,591,922$0$0$21,812,465
97$32,466,665$0$0$23,933,855
98$35,630,108$0$0$26,268,367
99$39,111,554$0$0$28,837,637
100$42,943,294$0$0$31,665,504