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%18.5%
1 years$71,101$70,467$69,849$69,246$68,657$66,300
2 years$35,198$34,543$33,907$33,291$32,694$30,343
3 years$23,232$22,574$21,940$21,330$20,742$18,472
4 years$17,251$16,594$15,967$15,367$14,794$12,621
5 years$13,663$13,010$12,391$11,803$11,246$9,176
6 years$11,271$10,624$10,014$9,439$8,898$6,934
7 years$9,564$8,922$8,322$7,761$7,237$5,377
8 years$8,284$7,648$7,057$6,510$6,004$4,247
9 years$7,289$6,659$6,078$5,545$5,056$3,400
10 years$6,493$5,869$5,299$4,780$4,308$2,750
11 years$5,843$5,225$4,665$4,160$3,705$2,242
12 years$5,301$4,690$4,140$3,649$3,211$1,840
13 years$4,843$4,238$3,699$3,221$2,800$1,517
14 years$4,451$3,852$3,324$2,860$2,454$1,256
15 years$4,111$3,519$3,001$2,550$2,161$1,043
16 years$3,815$3,229$2,721$2,284$1,910$869
17 years$3,553$2,974$2,476$2,052$1,693$725
18 years$3,321$2,748$2,260$1,849$1,506$606
19 years$3,113$2,547$2,069$1,671$1,342$508
20 years$2,926$2,366$1,899$1,513$1,199$426
21 years$2,758$2,204$1,747$1,373$1,073$357
22 years$2,605$2,058$1,610$1,249$962$300
23 years$2,465$1,924$1,486$1,137$863$252
24 years$2,337$1,803$1,375$1,037$776$212
25 years$2,220$1,692$1,273$947$698$179
26 years$2,112$1,590$1,181$866$629$150
27 years$2,012$1,497$1,096$793$567$127
28 years$1,919$1,410$1,019$726$512$107
29 years$1,833$1,330$949$666$462$90
30 years$1,753$1,256$884$611$417$76
31 years$1,678$1,188$824$561$377$64
32 years$1,608$1,124$769$516$341$54
33 years$1,542$1,064$718$474$309$45
34 years$1,480$1,009$670$437$280$38
35 years$1,422$957$627$402$253$32
36 years$1,367$908$586$370$230$27
37 years$1,316$862$549$341$208$23
38 years$1,267$820$514$314$189$19
39 years$1,221$779$482$290$171$16
40 years$1,177$742$451$267$155$14
41 years$1,136$706$423$247$141$12
42 years$1,096$672$397$228$128$10
43 years$1,059$641$373$210$116$8
44 years$1,023$611$350$194$105$7
45 years$989$582$328$179$96$6
46 years$957$555$308$165$87$5
47 years$926$530$290$153$79$4
48 years$896$506$272$141$72$4
49 years$868$483$256$131$65$3
50 years$841$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $861,000, adding $6,238 every year, while hoping to spend $47,473 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: 55/32/13 Blend
54$861,000$861,000$861,000$861,000
55$955,256$909,623$896,278$1,004,253
56$1,002,182$903,684$875,792$1,032,284
57$1,052,302$895,863$853,029$1,057,099
58$1,105,894$886,017$827,863$1,083,020
59$1,163,259$873,995$800,160$1,110,160
60$1,224,729$859,639$769,783$1,138,650
61$1,290,668$842,778$736,587$1,168,632
62$1,361,474$823,232$700,421$1,200,269
63$1,437,587$800,812$661,127$1,233,742
64$1,519,485$775,317$618,540$1,269,251
65$1,607,699$746,534$572,487$1,307,023
66$1,702,807$714,236$522,788$1,347,309
67$1,805,446$678,187$469,254$1,390,390
68$1,916,316$638,133$411,689$1,436,580
69$2,036,187$593,807$349,887$1,486,226
70$2,165,903$544,929$283,633$1,539,720
71$2,306,394$491,200$212,704$1,597,493
72$2,458,682$432,304$136,865$1,660,028
73$2,623,889$367,909$55,872$1,727,861
74$2,803,252$297,663$0$1,801,589
75$2,998,129$221,194$0$1,886,115
76$3,210,016$138,110$0$1,986,483
77$3,440,557$47,996$0$2,095,792
78$3,691,561$0$0$2,214,992
79$3,965,019$0$0$2,362,595
80$4,263,123$0$0$2,541,996
81$4,588,285$0$0$2,737,758
82$4,943,158$0$0$2,951,485
83$5,330,664$0$0$3,184,949
84$5,754,021$0$0$3,440,098
85$6,216,767$0$0$3,719,075
86$6,722,803$0$0$4,024,243
87$7,276,421$0$0$4,358,201
88$7,882,346$0$0$4,723,813
89$8,545,782$0$0$5,124,231
90$9,272,462$0$0$5,562,927
91$10,068,695$0$0$6,043,725
92$10,941,433$0$0$6,570,836
93$11,898,332$0$0$7,148,898
94$12,947,821$0$0$7,783,019
95$14,099,188$0$0$8,478,826
96$15,362,660$0$0$9,242,516
97$16,749,506$0$0$10,080,916
98$18,272,136$0$0$11,001,547
99$19,944,220$0$0$12,012,691
100$21,780,819$0$0$13,123,476