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%14.3%
1 years$71,348$70,713$70,093$69,488$68,897$67,672
2 years$35,321$34,663$34,026$33,407$32,808$31,578
3 years$23,313$22,653$22,017$21,404$20,815$19,618
4 years$17,311$16,652$16,023$15,421$14,845$13,691
5 years$13,710$13,055$12,434$11,845$11,285$10,177
6 years$11,311$10,661$10,049$9,472$8,930$7,868
7 years$9,597$8,953$8,350$7,788$7,262$6,248
8 years$8,313$7,674$7,082$6,533$6,025$5,058
9 years$7,314$6,682$6,100$5,565$5,074$4,154
10 years$6,516$5,890$5,318$4,797$4,323$3,449
11 years$5,863$5,243$4,682$4,175$3,718$2,889
12 years$5,320$4,706$4,155$3,662$3,222$2,436
13 years$4,860$4,253$3,712$3,233$2,810$2,066
14 years$4,467$3,866$3,335$2,870$2,463$1,761
15 years$4,126$3,531$3,011$2,559$2,168$1,506
16 years$3,828$3,240$2,730$2,291$1,916$1,293
17 years$3,565$2,984$2,484$2,059$1,699$1,112
18 years$3,332$2,757$2,268$1,855$1,511$959
19 years$3,124$2,555$2,076$1,677$1,347$829
20 years$2,936$2,375$1,905$1,518$1,203$718
21 years$2,767$2,212$1,753$1,378$1,076$622
22 years$2,614$2,065$1,615$1,253$965$540
23 years$2,474$1,931$1,491$1,141$866$469
24 years$2,345$1,809$1,379$1,041$779$408
25 years$2,228$1,698$1,278$951$701$355
26 years$2,119$1,596$1,185$869$631$309
27 years$2,019$1,502$1,100$795$569$269
28 years$1,926$1,415$1,023$729$513$235
29 years$1,839$1,335$952$668$464$205
30 years$1,759$1,261$887$613$419$179
31 years$1,684$1,192$827$563$379$156
32 years$1,613$1,128$771$518$343$136
33 years$1,547$1,068$720$476$310$119
34 years$1,485$1,012$673$438$281$104
35 years$1,427$960$629$403$254$91
36 years$1,372$911$588$371$230$79
37 years$1,320$865$551$342$209$69
38 years$1,271$823$516$315$189$61
39 years$1,225$782$483$291$172$53
40 years$1,181$744$453$268$156$46
41 years$1,140$708$425$247$141$41
42 years$1,100$675$398$228$128$35
43 years$1,062$643$374$211$116$31
44 years$1,027$613$351$195$106$27
45 years$992$584$329$180$96$24
46 years$960$557$309$166$87$21
47 years$929$532$291$153$79$18
48 years$899$508$273$142$72$16
49 years$871$485$257$131$65$14
50 years$844$463$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $864,000, adding $3,909 every year, while hoping to spend $22,012 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: 35/35/30 Blend
54$864,000$864,000$864,000$864,000
55$956,160$910,368$896,976$980,886
56$1,030,268$931,556$903,604$1,021,031
57$1,111,197$953,043$909,717$1,062,076
58$1,199,620$974,823$915,273$1,105,947
59$1,296,276$996,885$920,230$1,152,914
60$1,401,983$1,019,219$924,544$1,203,273
61$1,517,636$1,041,811$928,167$1,257,352
62$1,644,224$1,064,649$931,050$1,315,510
63$1,782,836$1,087,718$933,141$1,378,146
64$1,934,669$1,111,000$934,385$1,445,700
65$2,101,044$1,134,478$934,725$1,518,655
66$2,283,413$1,158,130$934,102$1,597,547
67$2,483,379$1,181,936$932,452$1,682,966
68$2,702,703$1,205,870$929,708$1,775,561
69$2,943,328$1,229,907$925,803$1,876,052
70$3,207,392$1,254,018$920,662$1,985,229
71$3,497,253$1,278,171$914,211$2,103,968
72$3,815,504$1,302,333$906,368$2,233,230
73$4,165,005$1,326,467$897,051$2,374,081
74$4,548,905$1,350,533$886,172$2,527,693
75$4,970,674$1,374,490$873,640$2,695,361
76$5,434,133$1,398,291$859,357$2,878,511
77$5,943,494$1,421,886$843,224$3,078,718
78$6,503,394$1,445,222$825,136$3,297,720
79$7,118,944$1,468,242$804,982$3,537,433
80$7,795,775$1,490,884$782,648$3,799,969
81$8,540,090$1,513,083$758,012$4,087,661
82$9,358,722$1,534,768$730,949$4,403,079
83$10,259,203$1,555,863$701,327$4,749,060
84$11,249,829$1,576,287$669,008$5,128,729
85$12,339,740$1,595,954$633,849$5,545,538
86$13,539,009$1,614,771$595,698$6,003,290
87$14,858,733$1,632,639$554,399$6,506,181
88$16,311,138$1,649,453$509,786$7,058,836
89$17,909,699$1,665,101$461,689$7,666,359
90$19,669,260$1,679,463$409,927$8,334,375
91$21,606,179$1,692,411$354,314$9,069,089
92$23,738,479$1,703,809$294,653$9,877,341
93$26,086,020$1,713,512$230,740$10,766,676
94$28,670,686$1,721,366$162,362$11,745,411
95$31,516,591$1,727,208$89,296$12,822,718
96$34,650,305$1,730,863$11,310$14,008,709
97$38,101,108$1,732,146$0$15,314,535
98$41,901,261$1,730,861$0$16,775,508
99$46,086,315$1,726,800$0$18,387,521
100$50,695,446$1,719,739$0$20,161,979