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%16.1%
1 years$71,348$70,713$70,093$69,488$68,897$67,176
2 years$35,321$34,663$34,026$33,407$32,808$31,086
3 years$23,313$22,653$22,017$21,404$20,815$19,144
4 years$17,311$16,652$16,023$15,421$14,845$13,240
5 years$13,710$13,055$12,434$11,845$11,285$9,749
6 years$11,311$10,661$10,049$9,472$8,930$7,464
7 years$9,597$8,953$8,350$7,788$7,262$5,867
8 years$8,313$7,674$7,082$6,533$6,025$4,700
9 years$7,314$6,682$6,100$5,565$5,074$3,818
10 years$6,516$5,890$5,318$4,797$4,323$3,135
11 years$5,863$5,243$4,682$4,175$3,718$2,596
12 years$5,320$4,706$4,155$3,662$3,222$2,164
13 years$4,860$4,253$3,712$3,233$2,810$1,814
14 years$4,467$3,866$3,335$2,870$2,463$1,527
15 years$4,126$3,531$3,011$2,559$2,168$1,290
16 years$3,828$3,240$2,730$2,291$1,916$1,093
17 years$3,565$2,984$2,484$2,059$1,699$928
18 years$3,332$2,757$2,268$1,855$1,511$790
19 years$3,124$2,555$2,076$1,677$1,347$674
20 years$2,936$2,375$1,905$1,518$1,203$575
21 years$2,767$2,212$1,753$1,378$1,076$492
22 years$2,614$2,065$1,615$1,253$965$421
23 years$2,474$1,931$1,491$1,141$866$361
24 years$2,345$1,809$1,379$1,041$779$309
25 years$2,228$1,698$1,278$951$701$265
26 years$2,119$1,596$1,185$869$631$228
27 years$2,019$1,502$1,100$795$569$196
28 years$1,926$1,415$1,023$729$513$168
29 years$1,839$1,335$952$668$464$144
30 years$1,759$1,261$887$613$419$124
31 years$1,684$1,192$827$563$379$107
32 years$1,613$1,128$771$518$343$92
33 years$1,547$1,068$720$476$310$79
34 years$1,485$1,012$673$438$281$68
35 years$1,427$960$629$403$254$59
36 years$1,372$911$588$371$230$50
37 years$1,320$865$551$342$209$43
38 years$1,271$823$516$315$189$37
39 years$1,225$782$483$291$172$32
40 years$1,181$744$453$268$156$28
41 years$1,140$708$425$247$141$24
42 years$1,100$675$398$228$128$21
43 years$1,062$643$374$211$116$18
44 years$1,027$613$351$195$106$15
45 years$992$584$329$180$96$13
46 years$960$557$309$166$87$11
47 years$929$532$291$153$79$10
48 years$899$508$273$142$72$8
49 years$871$485$257$131$65$7
50 years$844$463$241$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $864,000, adding $3,944 every year, while hoping to spend $33,588 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: 57/25/18 Blend
54$864,000$864,000$864,000$864,000
55$956,196$910,404$897,012$1,005,939
56$1,017,991$919,277$891,325$1,049,065
57$1,084,963$927,458$884,321$1,092,062
58$1,157,605$934,879$875,922$1,138,163
59$1,236,458$941,466$866,043$1,187,676
60$1,322,120$947,141$854,598$1,240,936
61$1,415,244$951,819$841,495$1,298,318
62$1,516,552$955,411$826,638$1,360,233
63$1,626,838$957,824$809,928$1,427,136
64$1,746,974$958,956$791,260$1,499,529
65$1,877,922$958,701$770,523$1,577,968
66$2,020,738$956,945$747,603$1,663,066
67$2,176,586$953,568$722,381$1,755,500
68$2,346,747$948,443$694,730$1,856,018
69$2,532,632$941,433$664,520$1,965,446
70$2,735,791$932,394$631,613$2,084,695
71$2,957,936$921,175$595,865$2,214,774
72$3,200,946$907,614$557,128$2,356,792
73$3,466,895$891,539$515,244$2,511,979
74$3,758,063$872,769$470,049$2,681,689
75$4,076,963$851,112$421,373$2,867,419
76$4,426,361$826,365$369,037$3,070,819
77$4,809,305$798,312$312,855$3,293,712
78$5,229,149$766,724$252,631$3,538,112
79$5,689,591$731,363$188,163$3,806,237
80$6,194,701$691,970$119,238$4,100,539
81$6,748,962$648,279$45,634$4,423,723
82$7,357,313$600,001$0$4,778,773
83$8,025,195$546,837$0$5,175,304
84$8,758,599$488,467$0$5,620,392
85$9,564,129$424,554$0$6,109,322
86$10,449,055$354,743$0$6,646,568
87$11,421,389$278,656$0$7,237,064
88$12,489,958$195,896$0$7,886,248
89$13,664,483$106,045$0$8,600,118
90$14,955,677$8,658$0$9,385,285
91$16,375,341$0$0$10,249,040
92$17,936,478$0$0$11,226,032
93$19,653,413$0$0$12,303,229
94$21,541,929$0$0$13,488,162
95$23,619,415$0$0$14,791,754
96$25,905,031$0$0$16,226,038
97$28,419,888$0$0$17,804,273
98$31,187,245$0$0$19,541,067
99$34,232,732$0$0$21,452,519
100$37,584,586$0$0$23,556,365