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%12.5%
1 years$71,266$70,631$70,012$69,407$68,817$68,098
2 years$35,280$34,623$33,986$33,369$32,770$32,046
3 years$23,286$22,627$21,991$21,380$20,791$20,084
4 years$17,291$16,633$16,004$15,403$14,828$14,145
5 years$13,694$13,040$12,420$11,831$11,272$10,613
6 years$11,297$10,648$10,037$9,461$8,919$8,286
7 years$9,586$8,943$8,341$7,779$7,254$6,647
8 years$8,303$7,665$7,074$6,525$6,018$5,436
9 years$7,306$6,674$6,093$5,558$5,068$4,512
10 years$6,508$5,883$5,312$4,791$4,318$3,788
11 years$5,856$5,237$4,676$4,170$3,714$3,208
12 years$5,314$4,701$4,150$3,657$3,218$2,737
13 years$4,855$4,248$3,708$3,229$2,806$2,349
14 years$4,461$3,861$3,331$2,866$2,460$2,026
15 years$4,121$3,527$3,008$2,556$2,166$1,754
16 years$3,823$3,236$2,727$2,289$1,914$1,525
17 years$3,561$2,981$2,482$2,056$1,697$1,329
18 years$3,328$2,754$2,265$1,853$1,509$1,161
19 years$3,120$2,553$2,074$1,675$1,345$1,017
20 years$2,933$2,372$1,903$1,517$1,202$892
21 years$2,764$2,209$1,751$1,376$1,075$784
22 years$2,611$2,062$1,613$1,252$964$689
23 years$2,471$1,929$1,490$1,140$865$607
24 years$2,343$1,807$1,378$1,040$778$536
25 years$2,225$1,696$1,276$949$700$473
26 years$2,117$1,594$1,184$868$630$418
27 years$2,016$1,500$1,099$795$568$369
28 years$1,923$1,414$1,022$728$513$327
29 years$1,837$1,334$951$668$463$289
30 years$1,757$1,259$886$613$418$256
31 years$1,682$1,191$826$563$378$227
32 years$1,611$1,126$770$517$342$201
33 years$1,546$1,067$719$476$310$178
34 years$1,484$1,011$672$438$280$158
35 years$1,425$959$628$403$254$140
36 years$1,371$910$588$371$230$124
37 years$1,319$864$550$342$209$110
38 years$1,270$822$515$315$189$98
39 years$1,224$781$483$290$171$87
40 years$1,180$743$452$268$155$77
41 years$1,138$708$424$247$141$69
42 years$1,099$674$398$228$128$61
43 years$1,061$642$373$211$116$54
44 years$1,025$612$350$194$105$48
45 years$991$584$329$180$96$43
46 years$959$557$309$166$87$38
47 years$928$531$290$153$79$34
48 years$898$507$273$142$72$30
49 years$870$484$256$131$65$27
50 years$843$463$241$121$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $863,000, adding $4,797 every year, while hoping to spend $47,230 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: 68/6/26 Blend
54$863,000$863,000$863,000$863,000
55$955,974$910,235$896,859$1,014,253
56$1,003,231$904,584$876,651$1,048,352
57$1,053,725$897,074$854,184$1,079,808
58$1,107,737$887,562$829,331$1,113,138
59$1,165,574$875,900$801,961$1,148,527
60$1,227,573$861,930$771,937$1,186,180
61$1,294,104$845,483$739,115$1,226,326
62$1,365,572$826,381$703,345$1,269,217
63$1,442,424$804,437$664,470$1,315,134
64$1,525,147$779,451$622,327$1,364,386
65$1,614,280$751,211$576,742$1,417,316
66$1,710,412$719,496$527,538$1,474,305
67$1,814,190$684,068$474,527$1,535,773
68$1,926,327$644,677$417,514$1,602,185
69$2,047,606$601,059$356,294$1,674,057
70$2,178,886$552,936$290,654$1,751,958
71$2,321,113$500,010$220,371$1,836,519
72$2,475,327$441,971$145,214$1,928,436
73$2,642,670$378,487$64,939$2,028,480
74$2,824,401$309,211$0$2,137,505
75$3,021,902$233,775$0$2,262,203
76$3,236,694$151,788$0$2,417,463
77$3,470,451$62,840$0$2,586,481
78$3,725,016$0$0$2,770,608
79$4,002,415$0$0$2,973,546
80$4,304,877$0$0$3,199,389
81$4,634,859$0$0$3,445,829
82$4,995,062$0$0$3,714,889
83$5,388,460$0$0$4,008,798
84$5,818,328$0$0$4,330,007
85$6,288,269$0$0$4,681,217
86$6,802,254$0$0$5,065,401
87$7,364,652$0$0$5,485,833
88$7,980,274$0$0$5,946,118
89$8,654,418$0$0$6,450,225
90$9,392,921$0$0$7,002,525
91$10,202,207$0$0$7,607,832
92$11,089,353$0$0$8,271,450
93$12,062,153$0$0$8,999,216
94$13,129,193$0$0$9,797,562
95$14,299,926$0$0$10,673,574
96$15,584,768$0$0$11,635,053
97$16,995,191$0$0$12,690,596
98$18,543,831$0$0$13,849,670
99$20,244,610$0$0$15,122,706
100$22,112,861$0$0$16,521,193