Can I retire at age 55 with 861,000?

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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$66,647
2 years$35,198$34,543$33,907$33,291$32,694$30,684
3 years$23,232$22,574$21,940$21,330$20,742$18,797
4 years$17,251$16,594$15,967$15,367$14,794$12,927
5 years$13,663$13,010$12,391$11,803$11,246$9,464
6 years$11,271$10,624$10,014$9,439$8,898$7,202
7 years$9,564$8,922$8,322$7,761$7,237$5,627
8 years$8,284$7,648$7,057$6,510$6,004$4,478
9 years$7,289$6,659$6,078$5,545$5,056$3,614
10 years$6,493$5,869$5,299$4,780$4,308$2,947
11 years$5,843$5,225$4,665$4,160$3,705$2,423
12 years$5,301$4,690$4,140$3,649$3,211$2,005
13 years$4,843$4,238$3,699$3,221$2,800$1,668
14 years$4,451$3,852$3,324$2,860$2,454$1,394
15 years$4,111$3,519$3,001$2,550$2,161$1,168
16 years$3,815$3,229$2,721$2,284$1,910$982
17 years$3,553$2,974$2,476$2,052$1,693$828
18 years$3,321$2,748$2,260$1,849$1,506$699
19 years$3,113$2,547$2,069$1,671$1,342$591
20 years$2,926$2,366$1,899$1,513$1,199$500
21 years$2,758$2,204$1,747$1,373$1,073$424
22 years$2,605$2,058$1,610$1,249$962$360
23 years$2,465$1,924$1,486$1,137$863$306
24 years$2,337$1,803$1,375$1,037$776$260
25 years$2,220$1,692$1,273$947$698$221
26 years$2,112$1,590$1,181$866$629$188
27 years$2,012$1,497$1,096$793$567$160
28 years$1,919$1,410$1,019$726$512$136
29 years$1,833$1,330$949$666$462$116
30 years$1,753$1,256$884$611$417$99
31 years$1,678$1,188$824$561$377$84
32 years$1,608$1,124$769$516$341$72
33 years$1,542$1,064$718$474$309$61
34 years$1,480$1,009$670$437$280$52
35 years$1,422$957$627$402$253$45
36 years$1,367$908$586$370$230$38
37 years$1,316$862$549$341$208$32
38 years$1,267$820$514$314$189$28
39 years$1,221$779$482$290$171$24
40 years$1,177$742$451$267$155$20
41 years$1,136$706$423$247$141$17
42 years$1,096$672$397$228$128$15
43 years$1,059$641$373$210$116$12
44 years$1,023$611$350$194$105$11
45 years$989$582$328$179$96$9
46 years$957$555$308$165$87$8
47 years$926$530$290$153$79$7
48 years$896$506$272$141$72$6
49 years$868$483$256$131$65$5
50 years$841$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $861,000, adding $3,179 every year, while hoping to spend $35,125 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: 59/12/29 Blend
54$861,000$861,000$861,000$861,000
55$952,101$906,468$893,123$1,000,577
56$1,011,843$913,512$885,670$1,041,153
57$1,076,501$919,724$876,789$1,081,402
58$1,146,539$925,027$866,398$1,124,585
59$1,222,470$929,336$854,405$1,170,996
60$1,304,853$932,565$840,719$1,220,962
61$1,394,306$934,619$825,241$1,274,844
62$1,491,509$935,399$807,870$1,333,039
63$1,597,208$934,799$788,500$1,395,989
64$1,712,227$932,707$767,017$1,464,181
65$1,837,468$929,004$743,307$1,538,152
66$1,973,928$923,563$717,245$1,618,497
67$2,122,701$916,250$688,706$1,705,874
68$2,284,993$906,923$657,554$1,801,008
69$2,462,131$895,431$623,651$1,904,701
70$2,655,575$881,614$586,850$2,017,839
71$2,866,934$865,303$546,999$2,141,400
72$3,097,976$846,318$503,939$2,276,466
73$3,350,651$824,468$457,502$2,424,228
74$3,627,104$799,554$407,515$2,586,006
75$3,929,698$771,362$353,796$2,763,253
76$4,261,034$739,666$296,156$2,957,576
77$4,623,978$704,228$234,395$3,170,750
78$5,021,684$664,795$168,308$3,404,730
79$5,457,627$621,101$97,677$3,661,679
80$5,935,634$572,864$22,278$3,943,981
81$6,459,919$519,785$0$4,254,269
82$7,035,125$461,548$0$4,613,452
83$7,666,365$397,822$0$5,015,260
84$8,359,272$328,253$0$5,456,408
85$9,120,050$252,470$0$5,940,882
86$9,955,534$170,079$0$6,473,078
87$10,873,252$80,667$0$7,057,836
88$11,881,498$0$0$7,700,494
89$12,989,410$0$0$8,409,073
90$14,207,052$0$0$9,199,613
91$15,545,514$0$0$10,068,673
92$17,017,014$0$0$11,024,193
93$18,635,012$0$0$12,074,925
94$20,414,337$0$0$13,230,509
95$22,371,327$0$0$14,501,566
96$24,523,984$0$0$15,899,800
97$26,892,141$0$0$17,438,105
98$29,497,652$0$0$19,130,688
99$32,364,595$0$0$20,993,201
100$35,519,498$0$0$23,042,894