Can I retire at age 55 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$81,836$81,107$80,396$79,702$79,024$77,715
2 years$40,513$39,758$39,027$38,318$37,630$36,315
3 years$26,740$25,982$25,253$24,551$23,874$22,594
4 years$19,855$19,100$18,378$17,687$17,027$15,792
5 years$15,725$14,975$14,262$13,586$12,944$11,757
6 years$12,973$12,228$11,526$10,865$10,242$9,105
7 years$11,008$10,269$9,578$8,932$8,330$7,242
8 years$9,535$8,802$8,123$7,493$6,910$5,873
9 years$8,389$7,664$6,996$6,382$5,819$4,831
10 years$7,474$6,755$6,099$5,502$4,958$4,019
11 years$6,725$6,014$5,370$4,788$4,264$3,372
12 years$6,102$5,398$4,766$4,200$3,695$2,850
13 years$5,575$4,878$4,258$3,708$3,222$2,422
14 years$5,123$4,434$3,826$3,291$2,825$2,068
15 years$4,732$4,051$3,454$2,935$2,487$1,773
16 years$4,391$3,716$3,132$2,628$2,198$1,524
17 years$4,089$3,423$2,850$2,362$1,949$1,315
18 years$3,822$3,163$2,601$2,128$1,733$1,136
19 years$3,583$2,931$2,381$1,923$1,545$984
20 years$3,368$2,724$2,186$1,742$1,380$854
21 years$3,174$2,537$2,010$1,581$1,235$742
22 years$2,998$2,368$1,853$1,437$1,107$645
23 years$2,837$2,215$1,711$1,309$993$562
24 years$2,690$2,075$1,582$1,194$893$490
25 years$2,555$1,948$1,465$1,090$804$427
26 years$2,430$1,830$1,359$997$724$373
27 years$2,315$1,723$1,262$912$653$326
28 years$2,209$1,623$1,173$836$589$285
29 years$2,110$1,531$1,092$767$532$249
30 years$2,017$1,446$1,017$704$480$218
31 years$1,931$1,367$948$646$434$191
32 years$1,850$1,294$885$594$393$167
33 years$1,775$1,225$826$546$356$146
34 years$1,704$1,161$772$502$322$128
35 years$1,637$1,101$721$463$292$112
36 years$1,574$1,045$675$426$264$98
37 years$1,515$993$632$392$239$86
38 years$1,458$943$592$362$217$75
39 years$1,405$897$554$334$197$66
40 years$1,355$854$519$308$179$58
41 years$1,307$812$487$284$162$51
42 years$1,262$774$457$262$147$45
43 years$1,219$737$429$242$133$39
44 years$1,177$703$402$223$121$34
45 years$1,138$670$378$206$110$30
46 years$1,101$639$355$190$100$26
47 years$1,065$610$333$176$91$23
48 years$1,031$582$313$163$82$20
49 years$999$556$295$150$75$18
50 years$968$531$277$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $991,000, adding $6,706 every year, while hoping to spend $54,857 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: 44/41/15 Blend
54$991,000$991,000$991,000$991,000
55$1,098,999$1,046,476$1,031,116$1,142,326
56$1,152,730$1,039,386$1,007,291$1,166,206
57$1,210,102$1,030,110$980,829$1,186,062
58$1,271,430$1,018,483$951,584$1,206,397
59$1,337,057$1,004,330$919,404$1,227,279
60$1,407,361$987,466$884,127$1,248,787
61$1,482,753$967,693$845,587$1,271,011
62$1,563,689$944,805$803,610$1,294,054
63$1,650,666$918,581$758,011$1,318,034
64$1,744,230$888,788$708,600$1,343,088
65$1,844,981$855,178$655,178$1,369,368
66$1,953,578$817,491$597,536$1,397,050
67$2,070,746$775,450$535,455$1,426,332
68$2,197,278$728,763$468,709$1,457,439
69$2,334,048$677,121$397,059$1,490,625
70$2,482,018$620,197$320,258$1,526,176
71$2,642,243$557,645$238,045$1,564,417
72$2,815,883$489,101$150,151$1,605,710
73$3,004,214$414,178$56,292$1,650,465
74$3,208,640$332,469$0$1,699,142
75$3,430,704$243,543$0$1,759,278
76$3,672,104$146,945$0$1,834,501
77$3,934,709$42,195$0$1,916,490
78$4,220,573$0$0$2,006,024
79$4,531,957$0$0$2,136,097
80$4,871,351$0$0$2,298,730
81$5,241,492$0$0$2,476,210
82$5,645,395$0$0$2,669,998
83$6,086,379$0$0$2,881,701
84$6,568,096$0$0$3,113,088
85$7,094,566$0$0$3,366,106
86$7,670,216$0$0$3,642,899
87$8,299,922$0$0$3,945,829
88$8,989,048$0$0$4,277,496
89$9,743,505$0$0$4,640,762
90$10,569,800$0$0$5,038,780
91$11,475,100$0$0$5,475,023
92$12,467,296$0$0$5,953,315
93$13,555,082$0$0$6,477,868
94$14,748,029$0$0$7,053,321
95$16,056,682$0$0$7,684,783
96$17,492,655$0$0$8,377,883
97$19,068,740$0$0$9,138,820
98$20,799,028$0$0$9,974,425
99$22,699,043$0$0$10,892,220
100$24,785,882$0$0$11,900,492