Can I retire at age 55 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$71,183$70,549$69,930$69,327$68,737$66,219
2 years$35,239$34,583$33,947$33,330$32,732$30,223
3 years$23,259$22,600$21,966$21,355$20,766$18,346
4 years$17,271$16,614$15,986$15,385$14,811$12,497
5 years$13,678$13,025$12,405$11,817$11,259$9,058
6 years$11,284$10,636$10,025$9,450$8,909$6,822
7 years$9,575$8,932$8,331$7,770$7,245$5,272
8 years$8,294$7,657$7,065$6,518$6,011$4,149
9 years$7,297$6,666$6,086$5,552$5,062$3,309
10 years$6,501$5,876$5,305$4,786$4,313$2,667
11 years$5,850$5,231$4,671$4,165$3,709$2,166
12 years$5,307$4,695$4,145$3,653$3,214$1,770
13 years$4,849$4,243$3,704$3,225$2,803$1,453
14 years$4,456$3,857$3,328$2,863$2,457$1,198
15 years$4,116$3,523$3,004$2,553$2,163$991
16 years$3,819$3,233$2,724$2,286$1,912$822
17 years$3,557$2,977$2,479$2,054$1,695$683
18 years$3,324$2,751$2,263$1,851$1,507$568
19 years$3,117$2,550$2,071$1,673$1,344$474
20 years$2,930$2,369$1,901$1,515$1,200$396
21 years$2,761$2,207$1,749$1,375$1,074$330
22 years$2,608$2,060$1,612$1,250$963$276
23 years$2,468$1,927$1,488$1,138$864$231
24 years$2,340$1,805$1,376$1,038$777$194
25 years$2,222$1,694$1,275$948$699$162
26 years$2,114$1,592$1,182$867$630$136
27 years$2,014$1,498$1,098$794$568$114
28 years$1,921$1,412$1,020$727$512$95
29 years$1,835$1,332$950$667$462$80
30 years$1,755$1,258$885$612$418$67
31 years$1,680$1,189$825$562$378$56
32 years$1,609$1,125$769$517$342$47
33 years$1,544$1,066$718$475$309$40
34 years$1,482$1,010$671$437$280$33
35 years$1,424$958$628$402$254$28
36 years$1,369$909$587$371$230$23
37 years$1,317$863$549$341$208$20
38 years$1,269$821$515$315$189$17
39 years$1,222$780$482$290$171$14
40 years$1,178$742$452$268$155$12
41 years$1,137$707$424$247$141$10
42 years$1,097$673$397$228$128$8
43 years$1,060$641$373$210$116$7
44 years$1,024$611$350$194$105$6
45 years$990$583$329$179$96$5
46 years$958$556$309$166$87$4
47 years$927$531$290$153$79$3
48 years$897$507$273$141$72$3
49 years$869$484$256$131$65$2
50 years$842$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $862,000, adding $2,495 every year, while hoping to spend $32,597 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: 64/22/14 Blend
54$862,000$862,000$862,000$862,000
55$952,498$906,812$893,451$1,010,117
56$1,014,969$916,562$888,698$1,058,748
57$1,082,721$925,698$882,694$1,107,860
58$1,156,256$934,155$875,362$1,160,705
59$1,236,129$941,864$866,622$1,217,646
60$1,322,951$948,752$856,390$1,279,085
61$1,417,391$954,740$844,578$1,345,465
62$1,520,188$959,746$831,095$1,417,273
63$1,632,155$963,681$815,844$1,495,049
64$1,754,185$966,451$798,725$1,579,386
65$1,887,262$967,957$779,633$1,670,941
66$2,032,468$968,093$758,456$1,770,436
67$2,190,996$966,746$735,080$1,878,669
68$2,364,157$963,795$709,385$1,996,522
69$2,553,395$959,115$681,243$2,124,964
70$2,760,301$952,571$650,524$2,265,067
71$2,986,624$944,020$617,089$2,418,013
72$3,234,292$933,310$580,795$2,585,106
73$3,505,429$920,280$541,490$2,767,784
74$3,802,370$904,762$499,017$2,967,634
75$4,127,690$886,573$453,213$3,186,404
76$4,484,223$865,524$403,904$3,426,027
77$4,875,091$841,412$350,912$3,688,630
78$5,303,732$814,023$294,049$3,976,563
79$5,773,933$783,130$233,120$4,292,416
80$6,289,865$748,495$167,921$4,639,046
81$6,856,122$709,862$98,237$5,019,603
82$7,477,766$666,964$23,847$5,437,564
83$8,160,370$619,517$0$5,896,760
84$8,910,075$567,221$0$6,409,716
85$9,733,647$509,759$0$6,977,137
86$10,638,538$446,796$0$7,600,636
87$11,632,957$377,977$0$8,285,921
88$12,725,950$302,929$0$9,039,285
89$13,927,480$221,257$0$9,867,664
90$15,248,527$132,542$0$10,778,703
91$16,701,184$36,344$0$11,780,832
92$18,298,777$0$0$12,883,341
93$20,055,988$0$0$14,112,885
94$21,988,993$0$0$15,475,180
95$24,115,614$0$0$16,973,997
96$26,455,488$0$0$18,623,184
97$29,030,252$0$0$20,438,001
98$31,863,746$0$0$22,435,259
99$34,982,237$0$0$24,633,483
100$38,414,668$0$0$27,053,087