Can I retire at age 55 with 862,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$71,183$70,549$69,930$69,327$68,737$66,859
2 years$35,239$34,583$33,947$33,330$32,732$30,853
3 years$23,259$22,600$21,966$21,355$20,766$18,946
4 years$17,271$16,614$15,986$15,385$14,811$13,063
5 years$13,678$13,025$12,405$11,817$11,259$9,588
6 years$11,284$10,636$10,025$9,450$8,909$7,317
7 years$9,575$8,932$8,331$7,770$7,245$5,732
8 years$8,294$7,657$7,065$6,518$6,011$4,576
9 years$7,297$6,666$6,086$5,552$5,062$3,704
10 years$6,501$5,876$5,305$4,786$4,313$3,030
11 years$5,850$5,231$4,671$4,165$3,709$2,499
12 years$5,307$4,695$4,145$3,653$3,214$2,075
13 years$4,849$4,243$3,704$3,225$2,803$1,732
14 years$4,456$3,857$3,328$2,863$2,457$1,452
15 years$4,116$3,523$3,004$2,553$2,163$1,222
16 years$3,819$3,233$2,724$2,286$1,912$1,031
17 years$3,557$2,977$2,479$2,054$1,695$872
18 years$3,324$2,751$2,263$1,851$1,507$739
19 years$3,117$2,550$2,071$1,673$1,344$627
20 years$2,930$2,369$1,901$1,515$1,200$533
21 years$2,761$2,207$1,749$1,375$1,074$454
22 years$2,608$2,060$1,612$1,250$963$386
23 years$2,468$1,927$1,488$1,138$864$330
24 years$2,340$1,805$1,376$1,038$777$281
25 years$2,222$1,694$1,275$948$699$240
26 years$2,114$1,592$1,182$867$630$205
27 years$2,014$1,498$1,098$794$568$175
28 years$1,921$1,412$1,020$727$512$150
29 years$1,835$1,332$950$667$462$128
30 years$1,755$1,258$885$612$418$110
31 years$1,680$1,189$825$562$378$94
32 years$1,609$1,125$769$517$342$80
33 years$1,544$1,066$718$475$309$69
34 years$1,482$1,010$671$437$280$59
35 years$1,424$958$628$402$254$50
36 years$1,369$909$587$371$230$43
37 years$1,317$863$549$341$208$37
38 years$1,269$821$515$315$189$32
39 years$1,222$780$482$290$171$27
40 years$1,178$742$452$268$155$23
41 years$1,137$707$424$247$141$20
42 years$1,097$673$397$228$128$17
43 years$1,060$641$373$210$116$15
44 years$1,024$611$350$194$105$13
45 years$990$583$329$179$96$11
46 years$958$556$309$166$87$9
47 years$927$531$290$153$79$8
48 years$897$507$273$141$72$7
49 years$869$484$256$131$65$6
50 years$842$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $862,000, adding $2,816 every year, while hoping to spend $29,995 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: 37/43/20 Blend
54$862,000$862,000$862,000$862,000
55$952,829$907,143$893,782$982,246
56$1,018,103$919,678$891,809$1,016,388
57$1,089,030$931,823$888,765$1,050,222
58$1,166,154$943,525$884,582$1,086,151
59$1,250,075$954,732$879,189$1,124,379
60$1,341,453$965,384$872,512$1,165,135
61$1,441,014$975,420$864,473$1,208,670
62$1,549,555$984,774$854,991$1,255,263
63$1,667,957$993,375$843,981$1,305,223
64$1,797,187$1,001,149$831,353$1,358,893
65$1,938,310$1,008,015$817,013$1,416,652
66$2,092,499$1,013,889$800,864$1,478,920
67$2,261,044$1,018,679$782,803$1,546,160
68$2,445,366$1,022,291$762,723$1,618,886
69$2,647,031$1,024,620$740,511$1,697,669
70$2,867,761$1,025,560$716,052$1,783,135
71$3,109,454$1,024,993$689,220$1,875,983
72$3,374,198$1,022,798$659,889$1,976,982
73$3,664,296$1,018,844$627,925$2,086,984
74$3,982,279$1,012,993$593,186$2,206,931
75$4,330,941$1,005,099$555,527$2,337,864
76$4,713,353$995,005$514,793$2,480,935
77$5,132,903$982,548$470,826$2,637,418
78$5,593,318$967,552$423,458$2,808,718
79$6,098,707$949,832$372,514$2,996,393
80$6,653,593$929,192$317,812$3,202,160
81$7,262,962$905,425$259,161$3,427,919
82$7,932,304$878,311$196,363$3,675,768
83$8,667,667$847,616$129,209$3,948,026
84$9,475,714$813,094$57,482$4,247,254
85$10,363,787$774,486$0$4,576,281
86$11,339,972$731,514$0$4,942,299
87$12,413,178$683,887$0$5,358,045
88$13,593,222$631,298$0$5,815,104
89$14,890,919$573,419$0$6,317,736
90$16,318,183$509,907$0$6,870,645
91$17,888,142$440,397$0$7,479,019
92$19,615,261$364,505$0$8,148,582
93$21,515,475$281,823$0$8,885,646
94$23,606,344$191,923$0$9,697,179
95$25,907,215$94,351$0$10,590,863
96$28,439,405$0$0$11,575,174
97$31,226,402$0$0$12,664,841
98$34,294,088$0$0$13,913,536
99$37,670,980$0$0$15,288,239
100$41,388,499$0$0$16,801,761