Can I retire at age 55 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,513$70,876$70,255$69,648$69,056$67,250
2 years$35,403$34,743$34,104$33,485$32,884$31,077
3 years$23,367$22,705$22,068$21,454$20,863$19,111
4 years$17,351$16,691$16,060$15,456$14,880$13,197
5 years$13,742$13,086$12,463$11,872$11,311$9,702
6 years$11,337$10,685$10,072$9,494$8,950$7,416
7 years$9,619$8,974$8,370$7,806$7,279$5,820
8 years$8,332$7,692$7,098$6,548$6,039$4,654
9 years$7,331$6,697$6,114$5,577$5,085$3,774
10 years$6,531$5,903$5,330$4,808$4,333$3,093
11 years$5,877$5,255$4,693$4,184$3,726$2,556
12 years$5,332$4,717$4,165$3,670$3,229$2,127
13 years$4,871$4,263$3,721$3,240$2,816$1,779
14 years$4,477$3,875$3,343$2,876$2,468$1,494
15 years$4,135$3,540$3,018$2,565$2,173$1,260
16 years$3,837$3,248$2,737$2,297$1,921$1,065
17 years$3,574$2,991$2,490$2,064$1,703$903
18 years$3,340$2,764$2,273$1,860$1,514$767
19 years$3,131$2,561$2,081$1,680$1,350$652
20 years$2,943$2,380$1,910$1,522$1,206$556
21 years$2,774$2,217$1,757$1,381$1,079$474
22 years$2,620$2,070$1,619$1,256$967$405
23 years$2,479$1,936$1,495$1,144$868$346
24 years$2,351$1,814$1,383$1,043$780$296
25 years$2,233$1,702$1,281$953$702$253
26 years$2,124$1,599$1,188$871$632$217
27 years$2,023$1,505$1,103$797$570$186
28 years$1,930$1,418$1,025$731$515$159
29 years$1,843$1,338$954$670$465$137
30 years$1,763$1,264$889$615$420$117
31 years$1,687$1,195$828$565$380$100
32 years$1,617$1,130$773$519$343$86
33 years$1,551$1,070$722$477$311$74
34 years$1,489$1,015$674$439$281$63
35 years$1,430$962$630$404$255$54
36 years$1,375$913$590$372$231$47
37 years$1,323$867$552$343$209$40
38 years$1,274$824$517$316$190$34
39 years$1,228$784$484$291$172$30
40 years$1,184$746$454$269$156$25
41 years$1,142$710$426$248$142$22
42 years$1,103$676$399$229$128$19
43 years$1,065$644$375$211$117$16
44 years$1,029$614$352$195$106$14
45 years$995$586$330$180$96$12
46 years$962$559$310$166$87$10
47 years$931$533$291$154$79$9
48 years$901$509$274$142$72$8
49 years$873$486$257$131$65$6
50 years$846$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $866,000, adding $4,816 every year, while hoping to spend $23,510 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: 80/5/15 Blend
54$866,000$866,000$866,000$866,000
55$959,300$913,402$899,979$1,032,703
56$1,032,134$933,144$905,114$1,101,416
57$1,111,609$953,066$909,632$1,173,297
58$1,198,378$973,151$913,490$1,251,516
59$1,293,159$993,381$916,638$1,336,699
60$1,396,743$1,013,739$919,027$1,429,534
61$1,510,000$1,034,202$920,604$1,530,779
62$1,633,890$1,054,747$921,314$1,641,269
63$1,769,467$1,075,350$921,098$1,761,926
64$1,917,894$1,095,983$919,897$1,893,762
65$2,080,451$1,116,618$917,645$2,037,895
66$2,258,546$1,137,222$914,276$2,195,556
67$2,453,733$1,157,762$909,719$2,368,099
68$2,667,721$1,178,199$903,902$2,557,020
69$2,902,393$1,198,495$896,747$2,763,963
70$3,159,822$1,218,605$888,172$2,990,743
71$3,442,292$1,238,485$878,094$3,239,357
72$3,752,319$1,258,085$866,424$3,512,008
73$4,092,675$1,277,350$853,068$3,811,121
74$4,466,412$1,296,225$837,930$4,139,370
75$4,876,893$1,314,647$820,908$4,499,700
76$5,327,823$1,332,551$801,896$4,895,358
77$5,823,283$1,349,868$780,781$5,329,921
78$6,367,768$1,366,522$757,447$5,807,330
79$6,966,232$1,382,433$731,773$6,331,929
80$7,624,131$1,397,516$703,631$6,908,504
81$8,347,477$1,411,679$672,888$7,542,331
82$9,142,893$1,424,825$639,403$8,239,221
83$10,017,677$1,436,850$603,032$9,005,580
84$10,979,869$1,447,644$563,622$9,848,467
85$12,038,326$1,457,090$521,014$10,775,660
86$13,202,809$1,465,061$475,042$11,795,732
87$14,484,072$1,471,425$425,532$12,918,130
88$15,893,962$1,476,040$372,303$14,153,263
89$17,445,536$1,478,755$315,164$15,512,604
90$19,153,177$1,479,411$253,919$17,008,796
91$21,032,736$1,477,837$188,360$18,655,770
92$23,101,677$1,473,852$118,271$20,468,882
93$25,379,243$1,467,266$43,429$22,465,051
94$27,886,639$1,457,875$0$24,662,923
95$30,647,228$1,445,463$0$27,088,881
96$33,686,757$1,429,802$0$29,767,534
97$37,033,592$1,410,649$0$32,716,920
98$40,718,995$1,387,748$0$35,964,585
99$44,777,411$1,360,825$0$39,540,880
100$49,246,794$1,329,593$0$43,479,254