Can I retire at age 55 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$70,770$70,140$69,525$68,925$68,338$66,151
2 years$35,035$34,382$33,750$33,137$32,542$30,358
3 years$23,125$22,469$21,838$21,231$20,646$18,535
4 years$17,171$16,517$15,893$15,296$14,725$12,702
5 years$13,599$12,950$12,333$11,749$11,194$9,265
6 years$11,219$10,574$9,967$9,395$8,857$7,024
7 years$9,519$8,880$8,283$7,725$7,203$5,465
8 years$8,245$7,612$7,025$6,480$5,976$4,332
9 years$7,255$6,628$6,050$5,519$5,032$3,481
10 years$6,463$5,842$5,275$4,758$4,288$2,826
11 years$5,816$5,201$4,644$4,141$3,688$2,313
12 years$5,277$4,668$4,121$3,632$3,196$1,906
13 years$4,821$4,218$3,682$3,206$2,787$1,578
14 years$4,430$3,834$3,308$2,846$2,443$1,312
15 years$4,092$3,503$2,987$2,538$2,151$1,094
16 years$3,797$3,214$2,708$2,273$1,901$915
17 years$3,536$2,960$2,464$2,042$1,686$767
18 years$3,305$2,735$2,250$1,840$1,499$644
19 years$3,098$2,535$2,059$1,663$1,336$542
20 years$2,913$2,355$1,890$1,506$1,193$457
21 years$2,745$2,194$1,738$1,367$1,068$385
22 years$2,592$2,048$1,602$1,243$957$325
23 years$2,453$1,915$1,479$1,132$859$274
24 years$2,326$1,795$1,368$1,032$772$232
25 years$2,209$1,684$1,267$943$695$196
26 years$2,102$1,583$1,175$862$626$166
27 years$2,002$1,490$1,091$789$564$140
28 years$1,910$1,404$1,015$723$509$119
29 years$1,824$1,324$944$663$460$101
30 years$1,744$1,251$879$608$415$85
31 years$1,670$1,182$820$559$376$72
32 years$1,600$1,119$765$514$340$61
33 years$1,535$1,059$714$472$307$52
34 years$1,473$1,004$667$435$278$44
35 years$1,416$952$624$400$252$37
36 years$1,361$904$584$368$228$32
37 years$1,310$858$546$339$207$27
38 years$1,261$816$512$313$188$23
39 years$1,215$776$479$288$170$19
40 years$1,172$738$449$266$154$16
41 years$1,130$703$421$245$140$14
42 years$1,091$669$395$227$127$12
43 years$1,054$638$371$209$115$10
44 years$1,018$608$348$193$105$8
45 years$984$580$327$178$95$7
46 years$952$553$307$165$86$6
47 years$921$528$288$152$78$5
48 years$892$504$271$141$71$4
49 years$864$481$255$130$65$4
50 years$837$459$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $857,000, adding $4,785 every year, while hoping to spend $40,981 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: 49/25/26 Blend
54$857,000$857,000$857,000$857,000
55$949,350$903,929$890,645$988,660
56$1,002,580$904,618$876,878$1,017,328
57$1,059,866$903,967$861,277$1,043,996
58$1,121,579$901,868$843,736$1,072,156
59$1,188,125$898,204$824,146$1,101,969
60$1,259,951$892,853$802,392$1,133,612
61$1,337,548$885,686$778,355$1,167,284
62$1,421,457$876,563$751,908$1,203,208
63$1,512,269$865,339$722,921$1,241,630
64$1,610,638$851,858$691,257$1,282,824
65$1,717,281$835,956$656,771$1,327,097
66$1,832,985$817,460$619,315$1,374,788
67$1,958,618$796,184$578,730$1,426,275
68$2,095,134$771,934$534,855$1,481,979
69$2,243,582$744,502$487,516$1,542,365
70$2,405,115$713,671$436,536$1,607,951
71$2,581,005$679,209$381,728$1,679,313
72$2,772,649$640,871$322,897$1,757,090
73$2,981,584$598,399$259,839$1,841,988
74$3,209,503$551,518$192,341$1,934,793
75$3,458,270$499,940$120,182$2,036,376
76$3,729,935$443,359$43,130$2,147,702
77$4,026,756$381,451$0$2,269,841
78$4,351,218$313,875$0$2,414,823
79$4,706,058$240,271$0$2,586,590
80$5,094,289$160,257$0$2,774,688
81$5,519,227$73,431$0$2,980,805
82$5,984,528$0$0$3,206,800
83$6,494,212$0$0$3,460,403
84$7,052,711$0$0$3,760,522
85$7,664,904$0$0$4,089,588
86$8,336,164$0$0$4,450,502
87$9,072,410$0$0$4,846,458
88$9,880,161$0$0$5,280,975
89$10,766,597$0$0$5,757,928
90$11,739,628$0$0$6,281,587
91$12,807,964$0$0$6,856,653
92$13,981,204$0$0$7,488,309
93$15,269,920$0$0$8,182,260
94$16,685,758$0$0$8,944,793
95$18,241,548$0$0$9,782,836
96$19,951,424$0$0$10,704,017
97$21,830,959$0$0$11,716,743
98$23,897,308$0$0$12,830,277
99$26,169,371$0$0$14,054,821
100$28,667,973$0$0$15,401,619