Can I retire at age 55 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$71,348$70,713$70,093$69,488$68,897$66,189
2 years$35,321$34,663$34,026$33,407$32,808$30,113
3 years$23,313$22,653$22,017$21,404$20,815$18,218
4 years$17,311$16,652$16,023$15,421$14,845$12,366
5 years$13,710$13,055$12,434$11,845$11,285$8,930
6 years$11,311$10,661$10,049$9,472$8,930$6,699
7 years$9,597$8,953$8,350$7,788$7,262$5,156
8 years$8,313$7,674$7,082$6,533$6,025$4,041
9 years$7,314$6,682$6,100$5,565$5,074$3,210
10 years$6,516$5,890$5,318$4,797$4,323$2,575
11 years$5,863$5,243$4,682$4,175$3,718$2,082
12 years$5,320$4,706$4,155$3,662$3,222$1,693
13 years$4,860$4,253$3,712$3,233$2,810$1,384
14 years$4,467$3,866$3,335$2,870$2,463$1,135
15 years$4,126$3,531$3,011$2,559$2,168$934
16 years$3,828$3,240$2,730$2,291$1,916$771
17 years$3,565$2,984$2,484$2,059$1,699$637
18 years$3,332$2,757$2,268$1,855$1,511$528
19 years$3,124$2,555$2,076$1,677$1,347$438
20 years$2,936$2,375$1,905$1,518$1,203$363
21 years$2,767$2,212$1,753$1,378$1,076$302
22 years$2,614$2,065$1,615$1,253$965$251
23 years$2,474$1,931$1,491$1,141$866$209
24 years$2,345$1,809$1,379$1,041$779$174
25 years$2,228$1,698$1,278$951$701$145
26 years$2,119$1,596$1,185$869$631$121
27 years$2,019$1,502$1,100$795$569$101
28 years$1,926$1,415$1,023$729$513$84
29 years$1,839$1,335$952$668$464$70
30 years$1,759$1,261$887$613$419$58
31 years$1,684$1,192$827$563$379$49
32 years$1,613$1,128$771$518$343$41
33 years$1,547$1,068$720$476$310$34
34 years$1,485$1,012$673$438$281$28
35 years$1,427$960$629$403$254$24
36 years$1,372$911$588$371$230$20
37 years$1,320$865$551$342$209$16
38 years$1,271$823$516$315$189$14
39 years$1,225$782$483$291$172$11
40 years$1,181$744$453$268$156$10
41 years$1,140$708$425$247$141$8
42 years$1,100$675$398$228$128$7
43 years$1,062$643$374$211$116$6
44 years$1,027$613$351$195$106$5
45 years$992$584$329$180$96$4
46 years$960$557$309$166$87$3
47 years$929$532$291$153$79$3
48 years$899$508$273$142$72$2
49 years$871$485$257$131$65$2
50 years$844$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $864,000, adding $2,707 every year, while hoping to spend $21,081 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: 60/16/24 Blend
54$864,000$864,000$864,000$864,000
55$954,920$909,128$895,736$1,005,945
56$1,029,892$931,246$903,313$1,063,052
57$1,111,805$953,740$910,438$1,122,809
58$1,201,343$976,608$917,072$1,187,552
59$1,299,263$999,845$923,177$1,257,769
60$1,406,395$1,023,444$928,711$1,333,998
61$1,523,655$1,047,401$933,630$1,416,833
62$1,652,051$1,071,706$937,889$1,506,928
63$1,792,691$1,096,351$941,440$1,605,002
64$1,946,799$1,121,326$944,232$1,711,850
65$2,115,721$1,146,619$946,212$1,828,347
66$2,300,939$1,172,217$947,324$1,955,457
67$2,504,085$1,198,106$947,510$2,094,243
68$2,726,958$1,224,270$946,708$2,245,876
69$2,971,540$1,250,691$944,855$2,411,647
70$3,240,011$1,277,349$941,881$2,592,979
71$3,534,776$1,304,223$937,718$2,791,439
72$3,858,481$1,331,288$932,290$3,008,756
73$4,214,045$1,358,520$925,520$3,246,835
74$4,604,678$1,385,888$917,326$3,507,775
75$5,033,921$1,413,363$907,622$3,793,891
76$5,505,674$1,440,910$896,320$4,107,732
77$6,024,231$1,468,493$883,325$4,452,110
78$6,594,326$1,496,073$868,540$4,830,123
79$7,221,173$1,523,606$851,862$5,245,186
80$7,910,517$1,551,047$833,183$5,701,063
81$8,668,686$1,578,344$812,391$6,201,904
82$9,502,654$1,605,446$789,369$6,752,280
83$10,420,105$1,632,292$763,993$7,357,232
84$11,429,503$1,658,822$736,134$8,022,315
85$12,540,176$1,684,968$705,658$8,753,651
86$13,762,401$1,710,658$672,424$9,557,988
87$15,107,501$1,735,816$636,286$10,442,765
88$16,587,953$1,760,358$597,089$11,416,180
89$18,217,506$1,784,197$554,673$12,487,267
90$20,011,307$1,807,238$508,870$13,665,986
91$21,986,047$1,829,380$459,504$14,963,312
92$24,160,119$1,850,515$406,392$16,391,343
93$26,553,788$1,870,527$349,344$17,963,412
94$29,189,386$1,889,294$288,158$19,694,214
95$32,091,519$1,906,685$222,626$21,599,946
96$35,287,300$1,922,559$152,531$23,698,457
97$38,806,609$1,936,769$77,645$26,009,422
98$42,682,367$1,949,154$0$28,554,525
99$46,950,854$1,959,548$0$31,358,244
100$51,652,045$1,967,769$0$34,467,593