Can I retire at age 55 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$71,431$70,795$70,174$69,568$68,976$66,902
2 years$35,362$34,703$34,065$33,446$32,846$30,774
3 years$23,340$22,679$22,042$21,429$20,839$18,834
4 years$17,331$16,671$16,041$15,439$14,862$12,940
5 years$13,726$13,071$12,449$11,858$11,298$9,463
6 years$11,324$10,673$10,060$9,483$8,940$7,194
7 years$9,608$8,963$8,360$7,797$7,270$5,613
8 years$8,322$7,683$7,090$6,540$6,032$4,462
9 years$7,323$6,690$6,107$5,571$5,079$3,597
10 years$6,524$5,897$5,324$4,802$4,328$2,930
11 years$5,870$5,249$4,687$4,179$3,722$2,406
12 years$5,326$4,712$4,160$3,666$3,226$1,988
13 years$4,866$4,258$3,716$3,236$2,813$1,652
14 years$4,472$3,870$3,339$2,873$2,466$1,378
15 years$4,131$3,536$3,015$2,562$2,171$1,153
16 years$3,832$3,244$2,733$2,294$1,919$968
17 years$3,569$2,987$2,487$2,061$1,701$815
18 years$3,336$2,761$2,271$1,858$1,513$687
19 years$3,127$2,558$2,079$1,679$1,348$580
20 years$2,940$2,377$1,908$1,520$1,204$490
21 years$2,770$2,214$1,755$1,380$1,078$415
22 years$2,617$2,067$1,617$1,254$966$352
23 years$2,476$1,933$1,493$1,142$867$298
24 years$2,348$1,811$1,381$1,042$779$253
25 years$2,230$1,700$1,279$952$701$215
26 years$2,121$1,598$1,186$870$632$183
27 years$2,021$1,504$1,102$796$570$155
28 years$1,928$1,417$1,024$730$514$132
29 years$1,841$1,337$953$669$464$112
30 years$1,761$1,262$888$614$419$95
31 years$1,686$1,193$828$564$379$81
32 years$1,615$1,129$772$518$343$69
33 years$1,549$1,069$721$477$310$59
34 years$1,487$1,013$674$439$281$50
35 years$1,429$961$630$404$255$43
36 years$1,374$912$589$372$231$36
37 years$1,322$866$551$343$209$31
38 years$1,273$823$516$316$189$26
39 years$1,227$783$484$291$172$22
40 years$1,183$745$453$269$156$19
41 years$1,141$709$425$248$141$16
42 years$1,101$675$399$229$128$14
43 years$1,064$644$374$211$116$12
44 years$1,028$613$351$195$106$10
45 years$994$585$330$180$96$9
46 years$961$558$310$166$87$7
47 years$930$533$291$154$79$6
48 years$900$508$274$142$72$5
49 years$872$485$257$131$65$4
50 years$845$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $865,000, adding $4,519 every year, while hoping to spend $35,556 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: 32/38/30 Blend
54$865,000$865,000$865,000$865,000
55$957,891$912,046$898,639$979,688
56$1,017,765$918,905$890,912$1,003,745
57$1,082,554$924,909$881,734$1,026,213
58$1,152,722$929,977$871,020$1,049,731
59$1,228,780$934,026$858,679$1,074,417
60$1,311,287$936,965$844,617$1,100,405
61$1,400,861$938,699$828,735$1,127,842
62$1,498,181$939,127$810,929$1,156,895
63$1,603,991$938,140$791,091$1,187,752
64$1,719,113$935,624$769,107$1,220,621
65$1,844,451$931,457$744,860$1,255,735
66$1,980,997$925,511$718,226$1,293,355
67$2,129,847$917,649$689,074$1,333,772
68$2,292,202$907,725$657,269$1,377,311
69$2,469,389$895,586$622,670$1,424,334
70$2,662,866$881,069$585,129$1,475,244
71$2,874,238$864,000$544,490$1,530,491
72$3,105,272$844,198$500,592$1,590,576
73$3,357,914$821,468$453,266$1,656,053
74$3,634,306$795,606$402,336$1,727,544
75$3,936,808$766,393$347,617$1,805,736
76$4,268,017$733,601$288,917$1,891,393
77$4,630,794$696,986$226,034$1,985,366
78$5,028,288$656,291$158,759$2,088,598
79$5,463,969$611,245$86,873$2,202,137
80$5,941,657$561,559$10,147$2,327,143
81$6,465,561$506,930$0$2,464,906
82$7,040,315$447,037$0$2,639,818
83$7,671,025$381,540$0$2,835,460
84$8,363,315$310,081$0$3,050,419
85$9,123,378$232,280$0$3,286,728
86$9,958,038$147,737$0$3,546,633
87$10,874,812$56,030$0$3,832,617
88$11,881,981$0$0$4,147,420
89$12,988,665$0$0$4,512,170
90$14,204,915$0$0$4,938,922
91$15,541,802$0$0$5,408,147
92$17,011,522$0$0$5,924,145
93$18,627,515$0$0$6,491,653
94$20,404,585$0$0$7,115,888
95$22,359,043$0$0$7,802,602
96$24,508,861$0$0$8,558,128
97$26,873,841$0$0$9,389,447
98$29,475,799$0$0$10,304,250
99$32,338,772$0$0$11,311,011
100$35,489,246$0$0$12,419,066