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%12.2%
1 years$71,266$70,631$70,012$69,407$68,817$68,183
2 years$35,280$34,623$33,986$33,369$32,770$32,132
3 years$23,286$22,627$21,991$21,380$20,791$20,167
4 years$17,291$16,633$16,004$15,403$14,828$14,225
5 years$13,694$13,040$12,420$11,831$11,272$10,690
6 years$11,297$10,648$10,037$9,461$8,919$8,360
7 years$9,586$8,943$8,341$7,779$7,254$6,717
8 years$8,303$7,665$7,074$6,525$6,018$5,503
9 years$7,306$6,674$6,093$5,558$5,068$4,576
10 years$6,508$5,883$5,312$4,791$4,318$3,848
11 years$5,856$5,237$4,676$4,170$3,714$3,265
12 years$5,314$4,701$4,150$3,657$3,218$2,791
13 years$4,855$4,248$3,708$3,229$2,806$2,400
14 years$4,461$3,861$3,331$2,866$2,460$2,074
15 years$4,121$3,527$3,008$2,556$2,166$1,800
16 years$3,823$3,236$2,727$2,289$1,914$1,567
17 years$3,561$2,981$2,482$2,056$1,697$1,369
18 years$3,328$2,754$2,265$1,853$1,509$1,198
19 years$3,120$2,553$2,074$1,675$1,345$1,052
20 years$2,933$2,372$1,903$1,517$1,202$925
21 years$2,764$2,209$1,751$1,376$1,075$814
22 years$2,611$2,062$1,613$1,252$964$718
23 years$2,471$1,929$1,490$1,140$865$634
24 years$2,343$1,807$1,378$1,040$778$560
25 years$2,225$1,696$1,276$949$700$496
26 years$2,117$1,594$1,184$868$630$439
27 years$2,016$1,500$1,099$795$568$389
28 years$1,923$1,414$1,022$728$513$345
29 years$1,837$1,334$951$668$463$306
30 years$1,757$1,259$886$613$418$272
31 years$1,682$1,191$826$563$378$241
32 years$1,611$1,126$770$517$342$214
33 years$1,546$1,067$719$476$310$191
34 years$1,484$1,011$672$438$280$169
35 years$1,425$959$628$403$254$151
36 years$1,371$910$588$371$230$134
37 years$1,319$864$550$342$209$119
38 years$1,270$822$515$315$189$106
39 years$1,224$781$483$290$171$94
40 years$1,180$743$452$268$155$84
41 years$1,138$708$424$247$141$75
42 years$1,099$674$398$228$128$67
43 years$1,061$642$373$211$116$59
44 years$1,025$612$350$194$105$53
45 years$991$584$329$180$96$47
46 years$959$557$309$166$87$42
47 years$928$531$290$153$79$37
48 years$898$507$273$142$72$33
49 years$870$484$256$131$65$30
50 years$843$463$241$121$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $863,000, adding $5,069 every year, while hoping to spend $20,125 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: 55/34/11 Blend
54$863,000$863,000$863,000$863,000
55$956,255$910,516$897,139$1,005,922
56$1,032,380$933,718$905,780$1,063,356
57$1,115,595$957,383$914,037$1,123,223
58$1,206,603$981,512$921,874$1,187,933
59$1,306,176$1,006,105$929,256$1,257,949
60$1,415,164$1,031,163$936,145$1,333,784
61$1,534,507$1,056,685$942,501$1,416,002
62$1,665,234$1,082,671$948,283$1,505,221
63$1,808,483$1,109,117$953,445$1,602,125
64$1,965,506$1,136,021$957,943$1,707,468
65$2,137,680$1,163,378$961,727$1,822,076
66$2,326,524$1,191,185$964,746$1,946,864
67$2,533,711$1,219,435$966,946$2,082,835
68$2,761,082$1,248,119$968,271$2,231,099
69$3,010,667$1,277,231$968,662$2,392,874
70$3,284,699$1,306,760$968,057$2,569,506
71$3,585,642$1,336,695$966,390$2,762,473
72$3,916,206$1,367,022$963,594$2,973,409
73$4,279,381$1,397,727$959,595$3,204,111
74$4,678,456$1,428,794$954,320$3,456,559
75$5,117,058$1,460,205$947,690$3,732,935
76$5,599,182$1,491,939$939,621$4,035,644
77$6,129,228$1,523,974$930,028$4,367,336
78$6,712,046$1,556,284$918,820$4,730,930
79$7,352,976$1,588,844$905,902$5,129,644
80$8,057,904$1,621,622$891,175$5,567,022
81$8,833,316$1,654,587$874,534$6,046,973
82$9,686,354$1,687,702$855,872$6,573,801
83$10,624,892$1,720,929$835,073$7,152,251
84$11,657,603$1,754,226$812,020$7,787,551
85$12,794,042$1,787,547$786,587$8,485,462
86$14,044,741$1,820,843$758,643$9,252,336
87$15,421,300$1,854,060$728,054$10,095,169
88$16,936,504$1,887,141$694,675$11,021,673
89$18,604,440$1,920,023$658,359$12,040,347
90$20,440,627$1,952,639$618,949$13,160,556
91$22,462,170$1,984,917$576,282$14,392,623
92$24,687,913$2,016,780$530,189$15,747,923
93$27,138,622$2,048,143$480,492$17,238,991
94$29,837,178$2,078,919$427,005$18,879,644
95$32,808,795$2,109,011$369,535$20,685,108
96$36,081,256$2,138,316$307,878$22,672,162
97$39,685,176$2,166,726$241,824$24,859,299
98$43,654,290$2,194,121$171,151$27,266,900
99$48,025,772$2,220,378$95,630$29,917,424
100$52,840,586$2,245,362$15,018$32,835,625