Can I retire at age 55 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,018$70,385$69,768$69,166$68,578$67,414
2 years$35,157$34,503$33,868$33,253$32,656$31,487
3 years$23,205$22,548$21,915$21,305$20,718$19,581
4 years$17,231$16,575$15,948$15,349$14,776$13,679
5 years$13,647$12,995$12,377$11,790$11,233$10,178
6 years$11,258$10,611$10,002$9,428$8,888$7,878
7 years$9,553$8,911$8,312$7,752$7,228$6,263
8 years$8,274$7,639$7,049$6,503$5,997$5,076
9 years$7,280$6,651$6,071$5,539$5,050$4,173
10 years$6,486$5,862$5,293$4,774$4,303$3,469
11 years$5,836$5,219$4,660$4,155$3,701$2,909
12 years$5,295$4,684$4,136$3,645$3,207$2,457
13 years$4,838$4,233$3,695$3,218$2,796$2,087
14 years$4,446$3,848$3,320$2,856$2,451$1,780
15 years$4,107$3,515$2,997$2,547$2,158$1,525
16 years$3,810$3,225$2,718$2,281$1,908$1,311
17 years$3,549$2,970$2,473$2,049$1,691$1,129
18 years$3,317$2,745$2,257$1,847$1,504$976
19 years$3,109$2,544$2,067$1,669$1,340$844
20 years$2,923$2,364$1,897$1,511$1,197$732
21 years$2,754$2,202$1,745$1,372$1,071$635
22 years$2,601$2,055$1,608$1,247$960$552
23 years$2,462$1,922$1,485$1,136$862$481
24 years$2,334$1,801$1,373$1,036$775$419
25 years$2,217$1,690$1,272$946$697$365
26 years$2,109$1,588$1,179$865$628$318
27 years$2,009$1,495$1,095$792$566$278
28 years$1,917$1,409$1,018$725$511$243
29 years$1,831$1,329$947$665$461$212
30 years$1,751$1,255$882$611$417$185
31 years$1,676$1,186$823$561$377$162
32 years$1,606$1,123$768$515$341$142
33 years$1,540$1,063$717$474$309$124
34 years$1,479$1,008$670$436$279$108
35 years$1,421$956$626$401$253$95
36 years$1,366$907$586$370$229$83
37 years$1,314$861$548$341$208$73
38 years$1,266$819$513$314$188$64
39 years$1,219$779$481$289$171$56
40 years$1,176$741$451$267$155$49
41 years$1,134$705$423$246$141$43
42 years$1,095$671$397$227$128$37
43 years$1,057$640$372$210$116$33
44 years$1,022$610$349$194$105$29
45 years$988$582$328$179$95$25
46 years$955$555$308$165$87$22
47 years$925$529$289$153$79$19
48 years$895$505$272$141$71$17
49 years$867$483$256$130$65$15
50 years$840$461$240$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $860,000, adding $6,686 every year, while hoping to spend $55,756 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: 38/32/30 Blend
54$860,000$860,000$860,000$860,000
55$954,617$909,037$895,707$982,170
56$992,664$894,255$866,389$988,321
57$1,032,723$876,881$834,220$989,411
58$1,074,940$856,728$799,046$989,543
59$1,119,475$833,599$760,706$988,670
60$1,166,502$807,286$719,030$986,741
61$1,216,211$777,568$673,843$983,707
62$1,268,807$744,212$624,959$979,520
63$1,324,518$706,971$572,187$974,131
64$1,383,588$665,582$515,326$967,494
65$1,446,290$619,771$454,165$959,564
66$1,512,916$569,245$388,484$950,299
67$1,583,790$513,694$318,055$939,659
68$1,659,265$452,794$242,638$927,608
69$1,739,727$386,197$161,983$914,115
70$1,825,600$313,541$75,830$899,155
71$1,917,346$234,440$0$882,707
72$2,015,475$148,488$0$869,918
73$2,120,544$55,254$0$881,866
74$2,233,164$0$0$894,356
75$2,354,006$0$0$923,605
76$2,483,804$0$0$976,001
77$2,623,368$0$0$1,032,425
78$2,773,582$0$0$1,093,246
79$2,935,422$0$0$1,158,869
80$3,109,955$0$0$1,229,740
81$3,298,357$0$0$1,306,349
82$3,501,919$0$0$1,389,234
83$3,722,058$0$0$1,478,986
84$3,960,334$0$0$1,576,257
85$4,218,461$0$0$1,681,762
86$4,498,324$0$0$1,796,288
87$4,801,994$0$0$1,920,699
88$5,131,751$0$0$2,055,947
89$5,490,102$0$0$2,203,080
90$5,879,805$0$0$2,363,249
91$6,303,893$0$0$2,537,722
92$6,765,705$0$0$2,727,894
93$7,268,914$0$0$2,935,301
94$7,817,564$0$0$3,161,632
95$8,416,103$0$0$3,408,747
96$9,069,430$0$0$3,678,693
97$9,782,935$0$0$3,973,725
98$10,562,552$0$0$4,296,324
99$11,414,816$0$0$4,649,222
100$12,346,920$0$0$5,035,428