Can I retire at age 55 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$70,853$70,222$69,606$69,005$68,418$66,656
2 years$35,076$34,422$33,789$33,175$32,580$30,816
3 years$23,151$22,495$21,864$21,256$20,670$18,960
4 years$17,191$16,537$15,911$15,314$14,742$13,099
5 years$13,615$12,965$12,348$11,762$11,207$9,635
6 years$11,232$10,587$9,979$9,406$8,867$7,369
7 years$9,531$8,891$8,293$7,734$7,212$5,786
8 years$8,255$7,621$7,033$6,487$5,983$4,630
9 years$7,264$6,635$6,057$5,526$5,038$3,756
10 years$6,471$5,849$5,281$4,763$4,293$3,081
11 years$5,823$5,207$4,649$4,146$3,692$2,548
12 years$5,283$4,673$4,126$3,636$3,199$2,121
13 years$4,826$4,223$3,686$3,210$2,790$1,775
14 years$4,436$3,839$3,312$2,850$2,446$1,492
15 years$4,097$3,507$2,990$2,541$2,153$1,259
16 years$3,801$3,218$2,711$2,276$1,903$1,065
17 years$3,541$2,963$2,467$2,045$1,687$903
18 years$3,309$2,738$2,252$1,843$1,500$768
19 years$3,102$2,538$2,062$1,665$1,337$654
20 years$2,916$2,358$1,892$1,508$1,195$557
21 years$2,748$2,197$1,740$1,369$1,069$476
22 years$2,595$2,050$1,604$1,244$958$407
23 years$2,456$1,918$1,481$1,133$860$348
24 years$2,329$1,797$1,370$1,034$773$298
25 years$2,212$1,686$1,269$944$696$255
26 years$2,104$1,585$1,177$863$627$219
27 years$2,005$1,491$1,093$790$565$187
28 years$1,912$1,405$1,016$724$510$161
29 years$1,826$1,326$945$664$460$138
30 years$1,747$1,252$880$609$416$118
31 years$1,672$1,184$821$559$376$102
32 years$1,602$1,120$766$514$340$87
33 years$1,537$1,061$715$473$308$75
34 years$1,475$1,005$668$435$279$64
35 years$1,417$953$625$400$252$55
36 years$1,363$905$584$369$229$48
37 years$1,311$859$547$340$207$41
38 years$1,263$817$512$313$188$35
39 years$1,217$777$480$289$170$30
40 years$1,173$739$450$266$155$26
41 years$1,132$703$422$246$140$22
42 years$1,092$670$396$227$127$19
43 years$1,055$638$371$209$115$16
44 years$1,019$608$348$193$105$14
45 years$986$580$327$179$95$12
46 years$953$553$307$165$86$10
47 years$922$528$289$152$78$9
48 years$893$504$271$141$71$8
49 years$865$482$255$130$65$7
50 years$838$460$240$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $858,000, adding $3,939 every year, while hoping to spend $52,081 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: 39/36/25 Blend
54$858,000$858,000$858,000$858,000
55$949,579$904,105$890,806$979,431
56$991,022$892,992$865,234$990,352
57$1,034,947$879,590$837,060$997,004
58$1,081,552$863,730$806,142$1,003,175
59$1,131,053$845,236$772,331$1,008,851
60$1,183,688$823,919$735,471$1,014,025
61$1,239,715$799,582$695,400$1,018,691
62$1,299,419$772,015$651,949$1,022,847
63$1,363,110$740,994$604,940$1,026,498
64$1,431,129$706,284$554,187$1,029,652
65$1,503,848$667,636$499,496$1,032,327
66$1,581,678$624,787$440,666$1,034,547
67$1,665,065$577,458$377,485$1,036,344
68$1,754,503$525,355$309,732$1,037,762
69$1,850,532$468,166$237,177$1,038,857
70$1,953,742$405,563$159,579$1,039,696
71$2,064,786$337,198$76,687$1,040,363
72$2,184,376$262,703$0$1,040,958
73$2,313,298$181,690$0$1,044,742
74$2,452,412$93,751$0$1,070,752
75$2,602,666$0$0$1,098,752
76$2,765,099$0$0$1,129,629
77$2,940,854$0$0$1,203,314
78$3,131,188$0$0$1,283,207
79$3,337,483$0$0$1,369,899
80$3,561,258$0$0$1,464,042
81$3,804,183$0$0$1,566,351
82$4,068,096$0$0$1,677,615
83$4,355,020$0$0$1,798,699
84$4,667,176$0$0$1,930,558
85$5,007,013$0$0$2,074,241
86$5,377,222$0$0$2,230,903
87$5,780,767$0$0$2,401,815
88$6,220,908$0$0$2,588,375
89$6,701,234$0$0$2,792,125
90$7,225,696$0$0$3,014,758
91$7,798,643$0$0$3,258,142
92$8,424,861$0$0$3,524,331
93$9,109,623$0$0$3,815,588
94$9,858,732$0$0$4,134,405
95$10,678,577$0$0$4,483,523
96$11,576,196$0$0$4,865,965
97$12,559,336$0$0$5,285,058
98$13,636,532$0$0$5,744,465
99$14,817,180$0$0$6,248,222
100$16,111,630$0$0$6,800,774