Can I retire at age 55 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$81,423$80,698$79,990$79,299$78,625$76,078
2 years$40,308$39,558$38,830$38,125$37,440$34,898
3 years$26,605$25,851$25,126$24,427$23,754$21,296
4 years$19,755$19,004$18,285$17,598$16,941$14,587
5 years$15,646$14,899$14,190$13,517$12,879$10,634
6 years$12,908$12,166$11,468$10,810$10,190$8,057
7 years$10,952$10,217$9,530$8,887$8,288$6,266
8 years$9,487$8,758$8,082$7,455$6,875$4,964
9 years$8,347$7,625$6,961$6,350$5,790$3,986
10 years$7,436$6,721$6,069$5,474$4,933$3,234
11 years$6,691$5,984$5,343$4,764$4,243$2,646
12 years$6,071$5,371$4,742$4,179$3,677$2,178
13 years$5,546$4,853$4,236$3,689$3,206$1,802
14 years$5,097$4,412$3,806$3,275$2,811$1,497
15 years$4,708$4,030$3,437$2,921$2,475$1,248
16 years$4,368$3,698$3,116$2,615$2,187$1,043
17 years$4,069$3,405$2,835$2,350$1,939$874
18 years$3,803$3,147$2,588$2,117$1,724$733
19 years$3,565$2,916$2,369$1,913$1,537$616
20 years$3,351$2,710$2,174$1,733$1,373$519
21 years$3,158$2,524$2,000$1,573$1,228$437
22 years$2,983$2,356$1,843$1,430$1,101$369
23 years$2,823$2,204$1,702$1,302$988$311
24 years$2,676$2,065$1,574$1,188$888$263
25 years$2,542$1,938$1,458$1,085$799$222
26 years$2,418$1,821$1,352$992$720$188
27 years$2,304$1,714$1,256$908$649$159
28 years$2,198$1,615$1,167$832$586$134
29 years$2,099$1,524$1,086$763$529$114
30 years$2,007$1,439$1,012$700$478$96
31 years$1,921$1,360$943$643$432$81
32 years$1,841$1,287$880$591$391$69
33 years$1,766$1,219$822$543$354$58
34 years$1,695$1,155$768$500$320$49
35 years$1,629$1,096$718$460$290$42
36 years$1,566$1,040$672$424$263$35
37 years$1,507$988$629$391$238$30
38 years$1,451$939$589$360$216$25
39 years$1,398$893$551$332$196$22
40 years$1,348$849$517$306$178$18
41 years$1,300$808$485$282$161$15
42 years$1,255$770$455$261$146$13
43 years$1,212$734$427$241$133$11
44 years$1,172$699$400$222$120$9
45 years$1,133$667$376$205$109$8
46 years$1,095$636$353$190$99$7
47 years$1,060$607$332$175$90$6
48 years$1,026$579$312$162$82$5
49 years$994$553$293$150$74$4
50 years$963$529$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $986,000, adding $3,317 every year, while hoping to spend $28,367 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: 35/44/21 Blend
54$986,000$986,000$986,000$986,000
55$1,089,993$1,037,735$1,022,452$1,121,076
56$1,170,991$1,058,402$1,026,522$1,164,899
57$1,259,299$1,079,131$1,029,778$1,209,295
58$1,355,633$1,099,895$1,032,162$1,256,615
59$1,460,783$1,120,664$1,033,614$1,307,138
60$1,575,614$1,141,408$1,034,071$1,361,169
61$1,701,081$1,162,092$1,033,468$1,419,047
62$1,838,236$1,182,679$1,031,733$1,481,145
63$1,988,236$1,203,130$1,028,796$1,547,875
64$2,152,354$1,223,402$1,024,579$1,619,693
65$2,331,994$1,243,448$1,019,002$1,697,101
66$2,528,701$1,263,220$1,011,982$1,780,653
67$2,744,175$1,282,664$1,003,430$1,870,964
68$2,980,290$1,301,724$993,254$1,968,708
69$3,239,109$1,320,339$981,358$2,074,633
70$3,522,905$1,338,442$967,640$2,189,563
71$3,834,181$1,355,965$951,995$2,314,409
72$4,175,693$1,372,833$934,312$2,450,175
73$4,550,477$1,388,965$914,476$2,597,971
74$4,961,879$1,404,277$892,364$2,759,020
75$5,413,582$1,418,678$867,849$2,934,676
76$5,909,644$1,432,071$840,800$3,126,428
77$6,454,538$1,444,352$811,076$3,335,925
78$7,053,187$1,455,412$778,533$3,564,982
79$7,711,017$1,465,132$743,019$3,815,607
80$8,434,006$1,473,389$704,375$4,090,012
81$9,228,738$1,480,048$662,436$4,390,641
82$10,102,469$1,484,970$617,026$4,720,188
83$11,063,190$1,488,003$567,967$5,081,627
84$12,119,709$1,488,989$515,067$5,478,241
85$13,281,727$1,487,757$458,129$5,913,651
86$14,559,933$1,484,127$396,947$6,391,852
87$15,966,106$1,477,909$331,304$6,917,251
88$17,513,222$1,468,900$260,976$7,494,712
89$19,215,579$1,456,884$185,727$8,129,598
90$21,088,931$1,441,634$105,312$8,827,828
91$23,150,635$1,422,908$19,473$9,595,929
92$25,419,818$1,400,449$0$10,441,103
93$27,917,555$1,373,985$0$11,387,454
94$30,667,065$1,343,230$0$12,433,287
95$33,693,935$1,307,878$0$13,583,962
96$37,026,360$1,267,607$0$14,850,204
97$40,695,404$1,222,076$0$16,243,837
98$44,735,301$1,170,923$0$17,777,897
99$49,183,769$1,113,766$0$19,466,756
100$54,082,373$1,050,200$0$21,326,257