Can I retire at age 55 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$71,266$70,631$70,012$69,407$68,817$68,240
2 years$35,280$34,623$33,986$33,369$32,770$32,189
3 years$23,286$22,627$21,991$21,380$20,791$20,223
4 years$17,291$16,633$16,004$15,403$14,828$14,278
5 years$13,694$13,040$12,420$11,831$11,272$10,742
6 years$11,297$10,648$10,037$9,461$8,919$8,409
7 years$9,586$8,943$8,341$7,779$7,254$6,764
8 years$8,303$7,665$7,074$6,525$6,018$5,548
9 years$7,306$6,674$6,093$5,558$5,068$4,618
10 years$6,508$5,883$5,312$4,791$4,318$3,889
11 years$5,856$5,237$4,676$4,170$3,714$3,304
12 years$5,314$4,701$4,150$3,657$3,218$2,828
13 years$4,855$4,248$3,708$3,229$2,806$2,435
14 years$4,461$3,861$3,331$2,866$2,460$2,107
15 years$4,121$3,527$3,008$2,556$2,166$1,830
16 years$3,823$3,236$2,727$2,289$1,914$1,596
17 years$3,561$2,981$2,482$2,056$1,697$1,396
18 years$3,328$2,754$2,265$1,853$1,509$1,224
19 years$3,120$2,553$2,074$1,675$1,345$1,076
20 years$2,933$2,372$1,903$1,517$1,202$947
21 years$2,764$2,209$1,751$1,376$1,075$835
22 years$2,611$2,062$1,613$1,252$964$738
23 years$2,471$1,929$1,490$1,140$865$652
24 years$2,343$1,807$1,378$1,040$778$578
25 years$2,225$1,696$1,276$949$700$512
26 years$2,117$1,594$1,184$868$630$454
27 years$2,016$1,500$1,099$795$568$403
28 years$1,923$1,414$1,022$728$513$358
29 years$1,837$1,334$951$668$463$318
30 years$1,757$1,259$886$613$418$283
31 years$1,682$1,191$826$563$378$252
32 years$1,611$1,126$770$517$342$224
33 years$1,546$1,067$719$476$310$199
34 years$1,484$1,011$672$438$280$177
35 years$1,425$959$628$403$254$158
36 years$1,371$910$588$371$230$141
37 years$1,319$864$550$342$209$126
38 years$1,270$822$515$315$189$112
39 years$1,224$781$483$290$171$100
40 years$1,180$743$452$268$155$89
41 years$1,138$708$424$247$141$79
42 years$1,099$674$398$228$128$71
43 years$1,061$642$373$211$116$63
44 years$1,025$612$350$194$105$56
45 years$991$584$329$180$96$50
46 years$959$557$309$166$87$45
47 years$928$531$290$153$79$40
48 years$898$507$273$142$72$36
49 years$870$484$256$131$65$32
50 years$843$463$241$121$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $863,000, adding $4,350 every year, while hoping to spend $58,663 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: 70/15/15 Blend
54$863,000$863,000$863,000$863,000
55$955,513$909,774$896,398$1,018,824
56$990,558$891,936$864,010$1,043,635
57$1,027,212$871,258$828,571$1,063,327
58$1,065,577$847,538$789,917$1,083,366
59$1,105,762$820,564$747,876$1,103,779
60$1,147,889$790,111$702,269$1,124,595
61$1,192,087$755,940$652,908$1,145,846
62$1,238,497$717,798$599,598$1,167,573
63$1,287,273$675,419$542,133$1,189,821
64$1,338,581$628,521$480,301$1,212,639
65$1,392,602$576,805$413,877$1,236,088
66$1,449,535$519,955$342,630$1,260,233
67$1,509,594$457,639$266,314$1,285,150
68$1,573,013$389,504$184,676$1,310,927
69$1,640,048$315,178$97,450$1,337,659
70$1,710,979$234,267$4,361$1,365,459
71$1,786,109$146,356$0$1,394,451
72$1,865,772$51,008$0$1,439,978
73$1,950,330$0$0$1,488,730
74$2,040,183$0$0$1,548,861
75$2,135,765$0$0$1,621,808
76$2,237,552$0$0$1,699,516
77$2,346,065$0$0$1,782,387
78$2,461,875$0$0$1,870,861
79$2,585,608$0$0$1,965,419
80$2,717,949$0$0$2,066,590
81$2,859,651$0$0$2,174,953
82$3,011,537$0$0$2,291,141
83$3,174,511$0$0$2,415,853
84$3,349,567$0$0$2,549,853
85$3,537,792$0$0$2,693,979
86$3,740,384$0$0$2,849,153
87$3,958,655$0$0$3,016,388
88$4,194,047$0$0$3,196,794
89$4,448,145$0$0$3,391,592
90$4,722,689$0$0$3,602,125
91$5,019,593$0$0$3,829,866
92$5,340,960$0$0$4,076,438
93$5,689,101$0$0$4,343,621
94$6,066,559$0$0$4,633,376
95$6,476,128$0$0$4,947,858
96$6,920,883$0$0$5,289,435
97$7,404,205$0$0$5,660,715
98$7,929,813$0$0$6,064,567
99$8,501,801$0$0$6,504,144
100$9,124,670$0$0$6,982,920