Can I retire at age 55 with 866,000?

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 $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%11.6%
1 years$71,513$70,876$70,255$69,648$69,056$68,592
2 years$35,403$34,743$34,104$33,485$32,884$32,416
3 years$23,367$22,705$22,068$21,454$20,863$20,405
4 years$17,351$16,691$16,060$15,456$14,880$14,436
5 years$13,742$13,086$12,463$11,872$11,311$10,883
6 years$11,337$10,685$10,072$9,494$8,950$8,538
7 years$9,619$8,974$8,370$7,806$7,279$6,883
8 years$8,332$7,692$7,098$6,548$6,039$5,659
9 years$7,331$6,697$6,114$5,577$5,085$4,721
10 years$6,531$5,903$5,330$4,808$4,333$3,985
11 years$5,877$5,255$4,693$4,184$3,726$3,394
12 years$5,332$4,717$4,165$3,670$3,229$2,912
13 years$4,871$4,263$3,721$3,240$2,816$2,514
14 years$4,477$3,875$3,343$2,876$2,468$2,181
15 years$4,135$3,540$3,018$2,565$2,173$1,900
16 years$3,837$3,248$2,737$2,297$1,921$1,661
17 years$3,574$2,991$2,490$2,064$1,703$1,457
18 years$3,340$2,764$2,273$1,860$1,514$1,281
19 years$3,131$2,561$2,081$1,680$1,350$1,129
20 years$2,943$2,380$1,910$1,522$1,206$997
21 years$2,774$2,217$1,757$1,381$1,079$882
22 years$2,620$2,070$1,619$1,256$967$781
23 years$2,479$1,936$1,495$1,144$868$693
24 years$2,351$1,814$1,383$1,043$780$615
25 years$2,233$1,702$1,281$953$702$547
26 years$2,124$1,599$1,188$871$632$487
27 years$2,023$1,505$1,103$797$570$433
28 years$1,930$1,418$1,025$731$515$386
29 years$1,843$1,338$954$670$465$344
30 years$1,763$1,264$889$615$420$307
31 years$1,687$1,195$828$565$380$274
32 years$1,617$1,130$773$519$343$245
33 years$1,551$1,070$722$477$311$219
34 years$1,489$1,015$674$439$281$195
35 years$1,430$962$630$404$255$175
36 years$1,375$913$590$372$231$156
37 years$1,323$867$552$343$209$140
38 years$1,274$824$517$316$190$125
39 years$1,228$784$484$291$172$112
40 years$1,184$746$454$269$156$100
41 years$1,142$710$426$248$142$89
42 years$1,103$676$399$229$128$80
43 years$1,065$644$375$211$117$72
44 years$1,029$614$352$195$106$64
45 years$995$586$330$180$96$57
46 years$962$559$310$166$87$51
47 years$931$533$291$154$79$46
48 years$901$509$274$142$72$41
49 years$873$486$257$131$65$37
50 years$846$464$242$121$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $866,000, adding $2,364 every year, while hoping to spend $51,933 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: 54/23/23 Blend
54$866,000$866,000$866,000$866,000
55$956,770$910,872$897,449$1,002,269
56$999,105$900,249$872,258$1,023,182
57$1,044,017$887,364$844,481$1,040,326
58$1,091,714$872,053$813,979$1,057,898
59$1,142,425$854,139$780,603$1,075,956
60$1,196,397$833,437$744,199$1,094,568
61$1,253,905$809,751$704,605$1,113,809
62$1,315,246$782,871$661,651$1,133,766
63$1,380,747$752,578$615,163$1,154,540
64$1,450,766$718,637$564,954$1,176,244
65$1,525,697$680,803$510,832$1,199,006
66$1,605,969$638,814$452,597$1,222,971
67$1,692,056$592,394$390,037$1,248,305
68$1,784,476$541,251$322,933$1,275,193
69$1,883,797$485,077$251,056$1,303,846
70$1,990,644$423,545$174,166$1,334,498
71$2,105,702$356,312$92,013$1,367,416
72$2,229,725$283,012$4,336$1,402,899
73$2,363,539$203,262$0$1,441,280
74$2,508,053$116,655$0$1,504,834
75$2,664,265$22,762$0$1,574,642
76$2,833,274$0$0$1,650,182
77$3,016,285$0$0$1,752,016
78$3,214,625$0$0$1,868,693
79$3,429,752$0$0$1,995,316
80$3,663,269$0$0$2,132,839
81$3,916,942$0$0$2,282,311
82$4,192,709$0$0$2,444,884
83$4,492,707$0$0$2,621,828
84$4,819,283$0$0$2,814,539
85$5,175,021$0$0$3,024,552
86$5,562,767$0$0$3,253,559
87$5,985,649$0$0$3,503,421
88$6,447,113$0$0$3,776,186
89$6,950,950$0$0$4,074,108
90$7,501,335$0$0$4,399,669
91$8,102,863$0$0$4,755,604
92$8,760,593$0$0$5,144,919
93$9,480,096$0$0$5,570,928
94$10,267,505$0$0$6,037,279
95$11,129,573$0$0$6,547,988
96$12,073,737$0$0$7,107,479
97$13,108,188$0$0$7,720,623
98$14,241,946$0$0$8,392,786
99$15,484,944$0$0$9,129,876
100$16,848,122$0$0$9,938,402