Can I retire at age 55 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$82,249$81,516$80,801$80,104$79,422$78,955
2 years$40,717$39,959$39,224$38,511$37,820$37,349
3 years$26,875$26,114$25,380$24,675$23,995$23,534
4 years$19,956$19,196$18,470$17,777$17,113$16,666
5 years$15,805$15,050$14,334$13,654$13,009$12,577
6 years$13,039$12,290$11,584$10,919$10,294$9,878
7 years$11,063$10,321$9,626$8,977$8,372$7,972
8 years$9,583$8,847$8,164$7,531$6,945$6,561
9 years$8,432$7,703$7,032$6,415$5,849$5,481
10 years$7,511$6,790$6,130$5,530$4,983$4,631
11 years$6,759$6,044$5,397$4,812$4,286$3,950
12 years$6,132$5,425$4,790$4,221$3,714$3,393
13 years$5,603$4,903$4,279$3,727$3,239$2,933
14 years$5,149$4,456$3,845$3,308$2,839$2,548
15 years$4,756$4,071$3,471$2,950$2,500$2,223
16 years$4,413$3,735$3,147$2,642$2,209$1,946
17 years$4,110$3,440$2,864$2,373$1,959$1,709
18 years$3,841$3,179$2,614$2,139$1,742$1,505
19 years$3,601$2,946$2,393$1,933$1,552$1,328
20 years$3,385$2,737$2,197$1,750$1,387$1,174
21 years$3,190$2,550$2,020$1,589$1,241$1,040
22 years$3,013$2,380$1,862$1,444$1,112$923
23 years$2,851$2,226$1,719$1,315$998$820
24 years$2,704$2,086$1,590$1,200$897$729
25 years$2,568$1,957$1,473$1,096$808$649
26 years$2,443$1,840$1,366$1,002$727$579
27 years$2,327$1,731$1,268$917$656$516
28 years$2,220$1,631$1,179$840$592$460
29 years$2,120$1,539$1,097$770$534$411
30 years$2,027$1,453$1,022$707$483$367
31 years$1,941$1,374$953$649$437$328
32 years$1,860$1,300$889$597$395$294
33 years$1,784$1,231$830$549$357$263
34 years$1,712$1,167$776$505$324$235
35 years$1,645$1,107$725$465$293$211
36 years$1,582$1,050$678$428$266$189
37 years$1,522$998$635$394$241$169
38 years$1,466$948$595$364$218$151
39 years$1,412$902$557$335$198$136
40 years$1,362$858$522$309$179$122
41 years$1,314$817$490$285$163$109
42 years$1,268$778$459$263$148$98
43 years$1,225$741$431$243$134$88
44 years$1,183$706$404$224$122$79
45 years$1,144$674$380$207$110$70
46 years$1,107$643$357$191$100$63
47 years$1,071$613$335$177$91$57
48 years$1,036$585$315$163$83$51
49 years$1,004$559$296$151$75$46
50 years$972$534$278$140$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $996,000, adding $6,162 every year, while hoping to spend $21,639 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: 73/16/11 Blend
54$996,000$996,000$996,000$996,000
55$1,103,948$1,051,160$1,035,722$1,181,708
56$1,193,527$1,079,643$1,047,395$1,262,405
57$1,291,518$1,108,797$1,058,734$1,347,479
58$1,398,756$1,138,631$1,069,704$1,440,066
59$1,516,160$1,169,155$1,080,271$1,540,904
60$1,644,744$1,200,379$1,090,395$1,650,805
61$1,785,622$1,232,312$1,100,038$1,770,662
62$1,940,022$1,264,962$1,109,156$1,901,461
63$2,109,299$1,298,339$1,117,707$2,044,286
64$2,294,940$1,332,451$1,125,643$2,200,332
65$2,498,587$1,367,304$1,132,915$2,370,914
66$2,722,047$1,402,906$1,139,472$2,557,482
67$2,967,311$1,439,264$1,145,260$2,761,633
68$3,236,573$1,476,383$1,150,221$2,985,125
69$3,532,246$1,514,269$1,154,297$3,229,895
70$3,856,993$1,552,926$1,157,424$3,498,078
71$4,213,744$1,592,358$1,159,535$3,792,024
72$4,605,730$1,632,567$1,160,563$4,114,326
73$5,036,506$1,673,555$1,160,434$4,467,835
74$5,509,993$1,715,322$1,159,072$4,855,698
75$6,030,508$1,757,869$1,156,397$5,281,377
76$6,602,809$1,801,193$1,152,325$5,748,691
77$7,232,135$1,845,291$1,146,768$6,261,845
78$7,924,262$1,890,159$1,139,633$6,825,472
79$8,685,551$1,935,791$1,130,825$7,444,679
80$9,523,011$1,982,179$1,120,242$8,125,092
81$10,444,365$2,029,313$1,107,777$8,872,910
82$11,458,123$2,077,182$1,093,320$9,694,964
83$12,573,660$2,125,772$1,076,754$10,598,781
84$13,801,306$2,175,068$1,057,958$11,592,654
85$15,152,443$2,225,050$1,036,804$12,685,722
86$16,639,614$2,275,699$1,013,159$13,888,058
87$18,276,637$2,326,991$986,882$15,210,757
88$20,078,740$2,378,899$957,829$16,666,049
89$22,062,701$2,431,395$925,845$18,267,409
90$24,247,007$2,484,444$890,772$20,029,686
91$26,652,031$2,538,011$852,442$21,969,244
92$29,300,220$2,592,055$810,680$24,104,114
93$32,216,309$2,646,533$765,305$26,454,166
94$35,427,554$2,701,395$716,124$29,041,298
95$38,963,990$2,756,588$662,940$31,889,639
96$42,858,711$2,812,055$605,542$35,025,780
97$47,148,186$2,867,732$543,715$38,479,023
98$51,872,601$2,923,551$477,229$42,281,659
99$57,076,239$2,979,437$405,848$46,469,271
100$62,807,895$3,035,310$329,324$51,081,074