Can I retire at age 55 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$70,935$70,304$69,687$69,085$68,498$66,492
2 years$35,117$34,463$33,829$33,214$32,618$30,613
3 years$23,178$22,522$21,889$21,281$20,694$18,753
4 years$17,211$16,556$15,930$15,331$14,759$12,897
5 years$13,631$12,980$12,362$11,776$11,220$9,442
6 years$11,245$10,599$9,991$9,417$8,878$7,186
7 years$9,542$8,901$8,302$7,743$7,220$5,613
8 years$8,265$7,630$7,041$6,495$5,990$4,468
9 years$7,272$6,643$6,064$5,532$5,044$3,605
10 years$6,478$5,856$5,287$4,769$4,298$2,940
11 years$5,829$5,213$4,655$4,150$3,696$2,418
12 years$5,289$4,679$4,131$3,640$3,203$2,001
13 years$4,832$4,228$3,691$3,214$2,793$1,664
14 years$4,441$3,843$3,316$2,853$2,449$1,390
15 years$4,102$3,511$2,994$2,544$2,156$1,166
16 years$3,806$3,221$2,714$2,278$1,905$980
17 years$3,545$2,967$2,470$2,047$1,689$826
18 years$3,313$2,741$2,255$1,845$1,502$697
19 years$3,106$2,541$2,064$1,667$1,339$590
20 years$2,919$2,361$1,894$1,510$1,196$499
21 years$2,751$2,199$1,742$1,370$1,070$423
22 years$2,598$2,053$1,606$1,246$959$359
23 years$2,459$1,920$1,483$1,135$861$305
24 years$2,332$1,799$1,371$1,035$774$259
25 years$2,215$1,688$1,270$945$696$220
26 years$2,107$1,587$1,178$864$627$188
27 years$2,007$1,493$1,094$791$566$160
28 years$1,915$1,407$1,017$725$510$136
29 years$1,829$1,327$946$665$461$116
30 years$1,749$1,254$881$610$416$99
31 years$1,674$1,185$822$560$376$84
32 years$1,604$1,121$767$515$341$72
33 years$1,538$1,062$716$473$308$61
34 years$1,477$1,006$669$436$279$52
35 years$1,419$955$625$401$253$44
36 years$1,364$906$585$369$229$38
37 years$1,313$860$548$340$208$32
38 years$1,264$818$513$314$188$28
39 years$1,218$778$480$289$171$23
40 years$1,174$740$450$267$155$20
41 years$1,133$704$422$246$140$17
42 years$1,094$671$396$227$127$15
43 years$1,056$639$372$210$116$12
44 years$1,021$609$349$194$105$11
45 years$987$581$328$179$95$9
46 years$954$554$308$165$87$8
47 years$923$529$289$153$79$7
48 years$894$505$272$141$71$6
49 years$866$482$255$130$65$5
50 years$839$461$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $859,000, adding $2,662 every year, while hoping to spend $27,260 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: 32/38/30 Blend
54$859,000$859,000$859,000$859,000
55$949,364$903,837$890,522$971,009
56$1,017,195$919,120$891,350$1,003,225
57$1,091,030$934,239$891,293$1,035,327
58$1,171,455$949,156$890,290$1,069,381
59$1,259,111$963,833$888,283$1,105,579
60$1,354,705$978,225$885,205$1,144,134
61$1,459,015$992,288$880,989$1,185,280
62$1,572,898$1,005,974$875,566$1,229,279
63$1,697,297$1,019,230$868,860$1,276,420
64$1,833,249$1,032,000$860,795$1,327,021
65$1,981,897$1,044,225$851,289$1,381,438
66$2,144,499$1,055,841$840,256$1,440,062
67$2,322,442$1,066,780$827,608$1,503,327
68$2,517,249$1,076,971$813,251$1,571,713
69$2,730,601$1,086,335$797,087$1,645,752
70$2,964,347$1,094,790$779,015$1,726,031
71$3,220,525$1,102,250$758,927$1,813,202
72$3,501,379$1,108,620$736,711$1,907,982
73$3,809,379$1,113,802$712,250$2,011,169
74$4,147,247$1,117,689$685,421$2,123,641
75$4,517,981$1,120,171$656,098$2,246,372
76$4,924,882$1,121,127$624,145$2,380,437
77$5,371,589$1,120,431$589,422$2,527,024
78$5,862,108$1,117,948$551,784$2,687,449
79$6,400,852$1,113,537$511,078$2,863,163
80$6,992,683$1,107,044$467,144$3,055,771
81$7,642,957$1,098,311$419,814$3,267,046
82$8,357,576$1,087,165$368,915$3,498,946
83$9,143,040$1,073,427$314,265$3,753,637
84$10,006,510$1,056,905$255,673$4,033,508
85$10,955,877$1,037,397$192,940$4,341,200
86$11,999,834$1,014,686$125,861$4,679,628
87$13,147,957$988,546$54,218$5,052,011
88$14,410,800$958,736$0$5,461,905
89$15,799,987$925,000$0$5,920,354
90$17,328,329$887,068$0$6,443,556
91$19,009,940$844,655$0$7,019,000
92$20,860,369$797,459$0$7,652,049
93$22,896,752$745,160$0$8,348,618
94$25,137,968$687,420$0$9,115,228
95$27,604,819$623,881$0$9,959,072
96$30,320,226$554,167$0$10,888,082
97$33,309,446$477,878$0$11,911,004
98$36,600,307$394,592$0$13,037,484
99$40,223,476$303,864$0$14,278,156
100$44,212,740$205,224$0$15,644,747