Can I retire at age 55 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$82,331$81,598$80,882$80,184$79,502$76,529
2 years$40,758$39,999$39,263$38,550$37,858$34,897
3 years$26,902$26,140$25,406$24,699$24,019$21,163
4 years$19,976$19,216$18,489$17,795$17,130$14,401
5 years$15,821$15,065$14,348$13,668$13,022$10,427
6 years$13,052$12,302$11,596$10,930$10,304$7,844
7 years$11,075$10,331$9,636$8,986$8,380$6,055
8 years$9,592$8,856$8,172$7,538$6,952$4,760
9 years$8,440$7,710$7,039$6,421$5,855$3,792
10 years$7,519$6,796$6,136$5,535$4,988$3,052
11 years$6,766$6,050$5,402$4,817$4,290$2,475
12 years$6,139$5,431$4,794$4,225$3,718$2,020
13 years$5,608$4,908$4,284$3,730$3,242$1,657
14 years$5,154$4,461$3,849$3,311$2,842$1,364
15 years$4,761$4,075$3,475$2,953$2,502$1,126
16 years$4,417$3,739$3,151$2,644$2,211$933
17 years$4,114$3,443$2,867$2,376$1,961$774
18 years$3,845$3,182$2,617$2,141$1,744$643
19 years$3,605$2,949$2,396$1,935$1,554$535
20 years$3,388$2,740$2,199$1,752$1,388$446
21 years$3,193$2,552$2,022$1,590$1,242$372
22 years$3,016$2,383$1,864$1,446$1,113$311
23 years$2,854$2,228$1,721$1,317$999$260
24 years$2,706$2,088$1,592$1,201$898$217
25 years$2,570$1,959$1,474$1,097$808$181
26 years$2,445$1,841$1,367$1,003$728$152
27 years$2,329$1,733$1,270$918$657$127
28 years$2,222$1,633$1,180$841$592$106
29 years$2,122$1,541$1,098$771$535$89
30 years$2,029$1,455$1,023$708$483$75
31 years$1,943$1,375$954$650$437$62
32 years$1,862$1,301$890$597$395$52
33 years$1,785$1,232$831$549$358$44
34 years$1,714$1,168$776$505$324$37
35 years$1,647$1,108$726$465$293$31
36 years$1,583$1,052$679$429$266$26
37 years$1,524$999$636$395$241$22
38 years$1,467$949$595$364$218$18
39 years$1,414$903$558$336$198$15
40 years$1,363$859$523$310$180$13
41 years$1,315$817$490$286$163$11
42 years$1,269$778$460$264$148$9
43 years$1,226$742$431$243$134$7
44 years$1,185$707$405$225$122$6
45 years$1,145$674$380$207$111$5
46 years$1,108$643$357$192$100$4
47 years$1,072$614$335$177$91$4
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $997,000, adding $4,272 every year, while hoping to spend $55,151 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: 76/14/10 Blend
54$997,000$997,000$997,000$997,000
55$1,103,101$1,050,260$1,034,806$1,184,671
56$1,156,937$1,043,042$1,010,792$1,231,752
57$1,214,415$1,033,622$984,125$1,275,914
58$1,275,851$1,021,835$954,658$1,322,758
59$1,341,585$1,007,502$922,237$1,372,529
60$1,411,996$990,439$886,701$1,425,500
61$1,487,497$970,448$847,882$1,481,968
62$1,568,540$947,318$805,604$1,542,266
63$1,655,622$920,828$759,684$1,606,759
64$1,749,291$890,744$709,928$1,675,850
65$1,850,145$856,817$656,137$1,749,983
66$1,958,842$818,783$598,100$1,829,650
67$2,076,106$776,366$535,599$1,915,393
68$2,202,731$729,270$468,404$2,007,811
69$2,339,590$677,184$396,276$2,107,564
70$2,487,642$619,780$318,965$2,215,383
71$2,647,942$556,710$236,211$2,332,073
72$2,821,650$487,606$147,741$2,458,523
73$3,010,039$412,080$53,271$2,595,714
74$3,214,513$329,721$0$2,744,730
75$3,436,612$240,097$0$2,911,840
76$3,678,033$142,749$0$3,099,686
77$3,940,643$37,193$0$3,304,071
78$4,226,493$0$0$3,526,639
79$4,537,843$0$0$3,781,077
80$4,877,178$0$0$4,064,664
81$5,247,235$0$0$4,373,962
82$5,651,024$0$0$4,711,491
83$6,091,859$0$0$5,080,026
84$6,573,389$0$0$5,482,623
85$7,099,630$0$0$5,922,645
86$7,675,004$0$0$6,403,794
87$8,304,379$0$0$6,930,147
88$8,993,116$0$0$7,506,192
89$9,747,117$0$0$8,136,873
90$10,572,883$0$0$8,827,633
91$11,477,571$0$0$9,584,465
92$12,469,064$0$0$10,413,971
93$13,556,044$0$0$11,323,422
94$14,748,073$0$0$12,320,823
95$16,055,682$0$0$13,414,996
96$17,490,472$0$0$14,615,654
97$19,065,219$0$0$15,933,498
98$20,793,997$0$0$17,380,313
99$22,692,311$0$0$18,969,085
100$24,777,239$0$0$20,714,114