Can I retire at age 55 with 856,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$70,688$70,058$69,444$68,844$68,259$66,908
2 years$34,994$34,342$33,711$33,098$32,504$31,149
3 years$23,098$22,443$21,813$21,206$20,622$19,305
4 years$17,151$16,498$15,874$15,278$14,708$13,438
5 years$13,583$12,935$12,319$11,735$11,181$9,963
6 years$11,206$10,562$9,956$9,385$8,847$7,682
7 years$9,508$8,870$8,273$7,716$7,195$6,083
8 years$8,236$7,603$7,016$6,472$5,969$4,910
9 years$7,247$6,620$6,043$5,513$5,027$4,020
10 years$6,456$5,835$5,269$4,752$4,283$3,328
11 years$5,809$5,195$4,638$4,136$3,683$2,778
12 years$5,270$4,663$4,116$3,628$3,192$2,336
13 years$4,815$4,214$3,678$3,203$2,783$1,974
14 years$4,425$3,830$3,304$2,843$2,440$1,677
15 years$4,088$3,499$2,983$2,535$2,148$1,429
16 years$3,792$3,210$2,705$2,270$1,899$1,222
17 years$3,532$2,956$2,461$2,040$1,684$1,048
18 years$3,301$2,732$2,247$1,838$1,497$901
19 years$3,095$2,532$2,057$1,661$1,334$776
20 years$2,909$2,353$1,888$1,504$1,192$669
21 years$2,742$2,191$1,736$1,365$1,066$578
22 years$2,589$2,046$1,600$1,241$956$499
23 years$2,451$1,913$1,478$1,131$858$432
24 years$2,324$1,793$1,367$1,031$771$374
25 years$2,207$1,682$1,266$942$694$324
26 years$2,099$1,581$1,174$861$625$281
27 years$2,000$1,488$1,090$788$564$244
28 years$1,908$1,402$1,013$722$509$212
29 years$1,822$1,323$943$662$459$184
30 years$1,742$1,249$878$608$415$160
31 years$1,668$1,181$819$558$375$139
32 years$1,598$1,117$764$513$339$121
33 years$1,533$1,058$713$472$307$105
34 years$1,472$1,003$667$434$278$92
35 years$1,414$951$623$400$252$80
36 years$1,360$903$583$368$228$69
37 years$1,308$857$546$339$207$60
38 years$1,260$815$511$312$188$53
39 years$1,214$775$479$288$170$46
40 years$1,170$737$449$266$154$40
41 years$1,129$702$421$245$140$35
42 years$1,090$668$395$226$127$30
43 years$1,053$637$370$209$115$26
44 years$1,017$607$348$193$105$23
45 years$983$579$326$178$95$20
46 years$951$552$307$165$86$17
47 years$920$527$288$152$78$15
48 years$891$503$271$140$71$13
49 years$863$480$254$130$65$11
50 years$836$459$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $856,000, adding $5,178 every year, while hoping to spend $47,814 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: 56/38/6 Blend
54$856,000$856,000$856,000$856,000
55$948,653$903,285$890,017$1,000,275
56$994,542$896,672$868,959$1,029,023
57$1,043,509$888,133$845,593$1,054,513
58$1,095,818$877,522$819,791$1,081,093
59$1,151,757$864,687$791,420$1,108,871
60$1,211,643$849,463$760,339$1,137,969
61$1,275,823$831,680$726,403$1,168,523
62$1,344,679$811,153$689,459$1,200,688
63$1,418,627$787,691$649,347$1,234,633
64$1,498,127$761,088$605,900$1,270,550
65$1,583,682$731,127$558,944$1,308,653
66$1,675,845$697,580$508,296$1,349,180
67$1,775,224$660,204$453,767$1,392,398
68$1,882,485$618,743$395,157$1,438,605
69$1,998,362$572,924$332,258$1,488,131
70$2,123,660$522,463$264,853$1,541,347
71$2,259,265$467,055$192,717$1,598,664
72$2,406,149$406,380$115,613$1,660,540
73$2,565,384$340,100$33,293$1,727,486
74$2,738,145$267,857$0$1,800,070
75$2,925,728$189,273$0$1,882,417
76$3,129,555$103,951$0$1,974,237
77$3,351,192$11,467$0$2,074,195
78$3,592,363$0$0$2,183,177
79$3,854,963$0$0$2,339,224
80$4,141,078$0$0$2,514,539
81$4,453,003$0$0$2,705,742
82$4,793,264$0$0$2,914,392
83$5,164,644$0$0$3,142,204
84$5,570,201$0$0$3,391,064
85$6,013,307$0$0$3,663,051
86$6,497,670$0$0$3,960,452
87$7,027,374$0$0$4,285,788
88$7,606,917$0$0$4,641,831
89$8,241,251$0$0$5,031,635
90$8,935,827$0$0$5,458,565
91$9,696,649$0$0$5,926,322
92$10,530,331$0$0$6,438,987
93$11,444,153$0$0$7,001,051
94$12,446,137$0$0$7,617,463
95$13,545,116$0$0$8,293,671
96$14,750,819$0$0$9,035,677
97$16,073,963$0$0$9,850,094
98$17,526,352$0$0$10,744,205
99$19,120,990$0$0$11,726,030
100$20,872,199$0$0$12,804,408