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%18.3%
1 years$70,770$70,140$69,525$68,925$68,338$66,045
2 years$35,035$34,382$33,750$33,137$32,542$30,254
3 years$23,125$22,469$21,838$21,231$20,646$18,436
4 years$17,171$16,517$15,893$15,296$14,725$12,609
5 years$13,599$12,950$12,333$11,749$11,194$9,177
6 years$11,219$10,574$9,967$9,395$8,857$6,942
7 years$9,519$8,880$8,283$7,725$7,203$5,389
8 years$8,245$7,612$7,025$6,480$5,976$4,262
9 years$7,255$6,628$6,050$5,519$5,032$3,416
10 years$6,463$5,842$5,275$4,758$4,288$2,767
11 years$5,816$5,201$4,644$4,141$3,688$2,259
12 years$5,277$4,668$4,121$3,632$3,196$1,856
13 years$4,821$4,218$3,682$3,206$2,787$1,532
14 years$4,430$3,834$3,308$2,846$2,443$1,270
15 years$4,092$3,503$2,987$2,538$2,151$1,057
16 years$3,797$3,214$2,708$2,273$1,901$881
17 years$3,536$2,960$2,464$2,042$1,686$737
18 years$3,305$2,735$2,250$1,840$1,499$617
19 years$3,098$2,535$2,059$1,663$1,336$517
20 years$2,913$2,355$1,890$1,506$1,193$434
21 years$2,745$2,194$1,738$1,367$1,068$365
22 years$2,592$2,048$1,602$1,243$957$307
23 years$2,453$1,915$1,479$1,132$859$259
24 years$2,326$1,795$1,368$1,032$772$218
25 years$2,209$1,684$1,267$943$695$184
26 years$2,102$1,583$1,175$862$626$155
27 years$2,002$1,490$1,091$789$564$131
28 years$1,910$1,404$1,015$723$509$110
29 years$1,824$1,324$944$663$460$93
30 years$1,744$1,251$879$608$415$79
31 years$1,670$1,182$820$559$376$66
32 years$1,600$1,119$765$514$340$56
33 years$1,535$1,059$714$472$307$47
34 years$1,473$1,004$667$435$278$40
35 years$1,416$952$624$400$252$34
36 years$1,361$904$584$368$228$29
37 years$1,310$858$546$339$207$24
38 years$1,261$816$512$313$188$20
39 years$1,215$776$479$288$170$17
40 years$1,172$738$449$266$154$15
41 years$1,130$703$421$245$140$12
42 years$1,091$669$395$227$127$10
43 years$1,054$638$371$209$115$9
44 years$1,018$608$348$193$105$7
45 years$984$580$327$178$95$6
46 years$952$553$307$165$86$5
47 years$921$528$288$152$78$4
48 years$892$504$271$141$71$4
49 years$864$481$255$130$65$3
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 $6,449 every year, while hoping to spend $32,311 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: 36/40/24 Blend
54$857,000$857,000$857,000$857,000
55$951,066$905,645$892,362$978,229
56$1,013,696$915,643$887,877$1,008,799
57$1,081,632$925,048$882,159$1,038,348
58$1,155,379$933,797$875,133$1,069,605
59$1,235,497$941,822$866,719$1,102,744
60$1,322,599$949,052$856,835$1,137,958
61$1,417,358$955,410$845,394$1,175,460
62$1,520,519$960,815$832,304$1,215,488
63$1,632,898$965,181$817,472$1,258,308
64$1,755,393$968,415$800,798$1,304,212
65$1,888,996$970,420$782,177$1,353,527
66$2,034,794$971,091$761,500$1,406,613
67$2,193,987$970,318$738,655$1,463,872
68$2,367,895$967,985$713,520$1,525,749
69$2,557,969$963,965$685,973$1,592,738
70$2,765,811$958,129$655,882$1,665,384
71$2,993,181$950,334$623,111$1,744,295
72$3,242,018$940,433$587,518$1,830,142
73$3,514,458$928,269$548,954$1,923,669
74$3,812,852$913,673$507,263$2,025,700
75$4,139,790$896,470$462,283$2,137,150
76$4,498,123$876,471$413,844$2,259,027
77$4,890,993$853,479$361,769$2,392,452
78$5,321,858$827,284$305,872$2,538,662
79$5,794,529$797,662$245,960$2,699,028
80$6,313,202$764,379$181,831$2,875,066
81$6,882,500$727,185$113,274$3,068,453
82$7,507,516$685,817$40,069$3,281,045
83$8,193,857$639,997$0$3,514,893
84$8,947,704$589,430$0$3,782,009
85$9,775,861$533,804$0$4,086,742
86$10,685,830$472,791$0$4,421,654
87$11,685,869$406,042$0$4,789,877
88$12,785,079$333,190$0$5,194,867
89$13,993,488$253,847$0$5,640,438
90$15,322,141$167,603$0$6,130,800
91$16,783,207$74,024$0$6,670,597
92$18,390,096$0$0$7,264,958
93$20,157,581$0$0$7,931,577
94$22,101,937$0$0$8,700,884
95$24,241,098$0$0$9,547,409
96$26,594,824$0$0$10,478,989
97$29,184,886$0$0$11,504,259
98$32,035,271$0$0$12,632,734
99$35,172,413$0$0$13,874,898
100$38,625,433$0$0$15,242,301