Can I retire at age 55 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$81,753$81,025$80,315$79,621$78,944$75,902
2 years$40,472$39,718$38,988$38,279$37,592$34,564
3 years$26,713$25,956$25,228$24,526$23,850$20,930
4 years$19,835$19,081$18,359$17,670$17,010$14,221
5 years$15,710$14,959$14,248$13,572$12,931$10,280
6 years$12,960$12,215$11,514$10,854$10,232$7,721
7 years$10,997$10,259$9,568$8,923$8,321$5,950
8 years$9,525$8,793$8,115$7,486$6,903$4,669
9 years$8,381$7,656$6,989$6,376$5,813$3,713
10 years$7,466$6,749$6,093$5,496$4,953$2,982
11 years$6,718$6,008$5,364$4,783$4,260$2,414
12 years$6,095$5,392$4,761$4,196$3,692$1,966
13 years$5,569$4,873$4,253$3,704$3,219$1,609
14 years$5,118$4,430$3,822$3,288$2,822$1,322
15 years$4,727$4,046$3,451$2,932$2,485$1,090
16 years$4,386$3,713$3,128$2,626$2,196$900
17 years$4,085$3,419$2,847$2,359$1,947$745
18 years$3,818$3,159$2,599$2,126$1,731$618
19 years$3,579$2,928$2,379$1,921$1,543$513
20 years$3,365$2,721$2,183$1,740$1,378$427
21 years$3,171$2,534$2,008$1,579$1,233$355
22 years$2,995$2,366$1,851$1,436$1,106$296
23 years$2,834$2,213$1,709$1,308$992$247
24 years$2,687$2,073$1,581$1,193$892$206
25 years$2,552$1,946$1,464$1,089$803$171
26 years$2,428$1,829$1,358$996$723$143
27 years$2,313$1,721$1,261$912$652$119
28 years$2,206$1,622$1,172$835$588$100
29 years$2,107$1,530$1,091$766$531$83
30 years$2,015$1,445$1,016$703$480$70
31 years$1,929$1,366$947$646$434$58
32 years$1,848$1,292$884$593$392$49
33 years$1,773$1,224$825$546$355$41
34 years$1,702$1,160$771$502$322$34
35 years$1,635$1,100$721$462$291$28
36 years$1,572$1,044$674$426$264$24
37 years$1,513$992$631$392$239$20
38 years$1,457$942$591$361$217$17
39 years$1,404$896$554$333$197$14
40 years$1,353$853$519$307$178$12
41 years$1,306$812$487$284$162$10
42 years$1,260$773$456$262$147$8
43 years$1,217$737$428$242$133$7
44 years$1,176$702$402$223$121$6
45 years$1,137$669$378$206$110$5
46 years$1,100$639$355$190$100$4
47 years$1,064$609$333$176$91$3
48 years$1,030$582$313$162$82$3
49 years$998$556$294$150$75$2
50 years$967$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $990,000, adding $6,068 every year, while hoping to spend $51,258 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: 83/11/6 Blend
54$990,000$990,000$990,000$990,000
55$1,097,239$1,044,769$1,029,424$1,187,415
56$1,154,619$1,041,425$1,009,372$1,243,866
57$1,216,135$1,036,198$986,930$1,298,295
58$1,282,152$1,028,944$961,964$1,356,457
59$1,353,076$1,019,506$934,333$1,418,693
60$1,429,348$1,007,721$903,892$1,485,382
61$1,511,455$993,413$870,486$1,556,939
62$1,599,931$976,397$833,955$1,633,821
63$1,695,362$956,479$794,131$1,716,530
64$1,798,393$933,450$750,838$1,805,623
65$1,909,731$907,091$703,893$1,901,709
66$2,030,154$877,170$653,104$2,005,463
67$2,160,518$843,439$598,271$2,117,625
68$2,301,763$805,640$539,185$2,239,013
69$2,454,922$763,495$475,627$2,370,527
70$2,621,133$716,715$407,369$2,513,159
71$2,801,644$664,990$334,172$2,668,002
72$2,997,833$607,995$255,788$2,836,262
73$3,211,211$545,386$171,956$3,019,267
74$3,443,442$476,798$82,404$3,218,481
75$3,696,360$401,847$0$3,435,517
76$3,971,977$320,127$0$3,672,996
77$4,272,514$231,208$0$3,937,720
78$4,600,410$134,637$0$4,226,589
79$4,958,352$29,934$0$4,542,005
80$5,349,299$0$0$4,886,615
81$5,776,505$0$0$5,273,432
82$6,243,557$0$0$5,700,308
83$6,754,400$0$0$6,167,227
84$7,313,381$0$0$6,678,165
85$7,925,283$0$0$7,237,498
86$8,595,376$0$0$7,850,045
87$9,329,463$0$0$8,521,113
88$10,133,933$0$0$9,256,547
89$11,015,824$0$0$10,062,782
90$11,982,888$0$0$10,946,908
91$13,043,661$0$0$11,916,734
92$14,207,546$0$0$12,980,859
93$15,484,901$0$0$14,148,757
94$16,887,133$0$0$15,430,861
95$18,426,811$0$0$16,838,666
96$20,117,777$0$0$18,384,833
97$21,975,281$0$0$20,083,311
98$24,016,124$0$0$21,949,466
99$26,258,814$0$0$24,000,225
100$28,723,738$0$0$26,254,236