Can I retire at age 55 with 863,000?

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 $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%11.5%
1 years$71,266$70,631$70,012$69,407$68,817$68,383
2 years$35,280$34,623$33,986$33,369$32,770$32,332
3 years$23,286$22,627$21,991$21,380$20,791$20,363
4 years$17,291$16,633$16,004$15,403$14,828$14,413
5 years$13,694$13,040$12,420$11,831$11,272$10,872
6 years$11,297$10,648$10,037$9,461$8,919$8,534
7 years$9,586$8,943$8,341$7,779$7,254$6,883
8 years$8,303$7,665$7,074$6,525$6,018$5,662
9 years$7,306$6,674$6,093$5,558$5,068$4,727
10 years$6,508$5,883$5,312$4,791$4,318$3,992
11 years$5,856$5,237$4,676$4,170$3,714$3,402
12 years$5,314$4,701$4,150$3,657$3,218$2,921
13 years$4,855$4,248$3,708$3,229$2,806$2,523
14 years$4,461$3,861$3,331$2,866$2,460$2,190
15 years$4,121$3,527$3,008$2,556$2,166$1,910
16 years$3,823$3,236$2,727$2,289$1,914$1,671
17 years$3,561$2,981$2,482$2,056$1,697$1,466
18 years$3,328$2,754$2,265$1,853$1,509$1,290
19 years$3,120$2,553$2,074$1,675$1,345$1,138
20 years$2,933$2,372$1,903$1,517$1,202$1,006
21 years$2,764$2,209$1,751$1,376$1,075$890
22 years$2,611$2,062$1,613$1,252$964$789
23 years$2,471$1,929$1,490$1,140$865$700
24 years$2,343$1,807$1,378$1,040$778$622
25 years$2,225$1,696$1,276$949$700$554
26 years$2,117$1,594$1,184$868$630$493
27 years$2,016$1,500$1,099$795$568$439
28 years$1,923$1,414$1,022$728$513$392
29 years$1,837$1,334$951$668$463$350
30 years$1,757$1,259$886$613$418$312
31 years$1,682$1,191$826$563$378$279
32 years$1,611$1,126$770$517$342$249
33 years$1,546$1,067$719$476$310$223
34 years$1,484$1,011$672$438$280$199
35 years$1,425$959$628$403$254$178
36 years$1,371$910$588$371$230$159
37 years$1,319$864$550$342$209$143
38 years$1,270$822$515$315$189$128
39 years$1,224$781$483$290$171$114
40 years$1,180$743$452$268$155$102
41 years$1,138$708$424$247$141$92
42 years$1,099$674$398$228$128$82
43 years$1,061$642$373$211$116$74
44 years$1,025$612$350$194$105$66
45 years$991$584$329$180$96$59
46 years$959$557$309$166$87$53
47 years$928$531$290$153$79$47
48 years$898$507$273$142$72$43
49 years$870$484$256$131$65$38
50 years$843$463$241$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $863,000, adding $5,548 every year, while hoping to spend $37,806 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: 62/31/7 Blend
54$863,000$863,000$863,000$863,000
55$956,749$911,010$897,633$1,014,417
56$1,014,112$915,424$887,479$1,058,022
57$1,076,059$918,787$875,717$1,100,692
58$1,143,017$921,009$862,254$1,146,295
59$1,215,458$921,990$846,992$1,195,113
60$1,293,896$921,630$829,828$1,247,459
61$1,378,901$919,817$810,654$1,303,676
62$1,471,096$916,436$789,359$1,364,148
63$1,571,170$911,362$765,824$1,429,292
64$1,679,876$904,466$739,926$1,499,576
65$1,798,047$895,608$711,537$1,575,512
66$1,926,596$884,641$680,522$1,657,667
67$2,066,529$871,409$646,739$1,746,667
68$2,218,952$855,746$610,043$1,843,205
69$2,385,085$837,477$570,279$1,948,044
70$2,566,267$816,417$527,287$2,062,029
71$2,763,974$792,368$480,898$2,186,092
72$2,979,829$765,124$430,938$2,321,262
73$3,215,620$734,464$377,223$2,468,675
74$3,473,314$700,154$319,561$2,629,587
75$3,755,080$661,949$257,754$2,805,384
76$4,063,301$619,587$191,592$2,997,596
77$4,400,605$572,794$120,857$3,207,911
78$4,769,883$521,277$45,322$3,438,196
79$5,174,321$464,730$0$3,690,509
80$5,617,425$402,825$0$3,969,758
81$6,103,059$335,220$0$4,279,601
82$6,635,477$261,552$0$4,619,437
83$7,219,363$181,435$0$4,992,342
84$7,859,878$94,465$0$5,401,710
85$8,562,705$214$0$5,851,286
86$9,334,107$0$0$6,345,201
87$10,180,979$0$0$6,922,727
88$11,110,917$0$0$7,557,048
89$12,132,291$0$0$8,253,809
90$13,254,319$0$0$9,019,306
91$14,487,157$0$0$9,860,478
92$15,841,992$0$0$10,784,967
93$17,331,151$0$0$11,801,194
94$18,968,212$0$0$12,918,435
95$20,768,136$0$0$14,146,911
96$22,747,404$0$0$15,497,881
97$24,924,177$0$0$16,983,752
98$27,318,462$0$0$18,618,191
99$29,952,303$0$0$20,416,260
100$32,849,986$0$0$22,394,551