Can I retire at age 55 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$71,596$70,958$70,336$69,729$69,136$66,577
2 years$35,444$34,783$34,144$33,523$32,922$30,373
3 years$23,394$22,731$22,093$21,479$20,887$18,428
4 years$17,371$16,710$16,078$15,474$14,897$12,546
5 years$13,758$13,101$12,477$11,886$11,324$9,089
6 years$11,350$10,698$10,084$9,505$8,961$6,841
7 years$9,631$8,984$8,379$7,815$7,287$5,284
8 years$8,342$7,701$7,106$6,556$6,046$4,156
9 years$7,340$6,705$6,121$5,584$5,091$3,313
10 years$6,539$5,910$5,336$4,813$4,338$2,668
11 years$5,884$5,261$4,698$4,189$3,731$2,165
12 years$5,338$4,722$4,169$3,674$3,233$1,768
13 years$4,877$4,268$3,725$3,244$2,819$1,451
14 years$4,482$3,879$3,347$2,880$2,471$1,196
15 years$4,140$3,544$3,022$2,568$2,176$988
16 years$3,841$3,251$2,740$2,299$1,923$819
17 years$3,578$2,994$2,493$2,066$1,705$680
18 years$3,344$2,767$2,276$1,862$1,516$566
19 years$3,135$2,564$2,083$1,682$1,351$471
20 years$2,947$2,383$1,912$1,524$1,207$393
21 years$2,777$2,220$1,759$1,383$1,080$328
22 years$2,623$2,072$1,621$1,257$968$274
23 years$2,482$1,938$1,497$1,145$869$229
24 years$2,353$1,816$1,384$1,044$781$192
25 years$2,235$1,704$1,282$954$703$160
26 years$2,126$1,601$1,189$872$633$134
27 years$2,026$1,507$1,104$798$571$112
28 years$1,932$1,420$1,026$731$515$94
29 years$1,846$1,340$955$671$465$79
30 years$1,765$1,265$890$616$420$66
31 years$1,689$1,196$829$565$380$55
32 years$1,619$1,132$774$520$344$46
33 years$1,553$1,072$723$478$311$39
34 years$1,491$1,016$675$440$282$33
35 years$1,432$963$631$405$255$27
36 years$1,377$914$590$373$231$23
37 years$1,325$868$553$343$209$19
38 years$1,276$825$518$316$190$16
39 years$1,229$785$485$292$172$14
40 years$1,185$747$454$269$156$11
41 years$1,144$711$426$248$142$10
42 years$1,104$677$400$229$129$8
43 years$1,066$645$375$212$117$7
44 years$1,030$615$352$195$106$6
45 years$996$586$331$180$96$5
46 years$963$559$311$167$87$4
47 years$932$534$292$154$79$3
48 years$902$510$274$142$72$3
49 years$874$487$258$131$65$2
50 years$846$465$242$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $867,000, adding $5,079 every year, while hoping to spend $35,971 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: 23/49/28 Blend
54$867,000$867,000$867,000$867,000
55$960,673$914,722$901,283$974,184
56$1,020,389$921,271$893,204$992,821
57$1,084,990$926,934$883,647$1,009,409
58$1,154,937$931,632$872,528$1,026,406
59$1,230,736$935,277$859,753$1,043,867
60$1,312,943$937,778$845,226$1,061,860
61$1,402,170$939,036$828,849$1,080,461
62$1,499,091$938,948$810,515$1,099,756
63$1,604,446$937,404$790,114$1,119,844
64$1,719,048$934,286$767,532$1,140,839
65$1,843,796$929,471$742,649$1,162,870
66$1,979,673$922,825$715,338$1,186,081
67$2,127,766$914,210$685,468$1,210,638
68$2,289,269$903,477$652,902$1,236,728
69$2,465,496$890,469$617,496$1,264,562
70$2,657,894$875,019$579,099$1,294,377
71$2,868,056$856,952$537,555$1,326,442
72$3,097,734$836,079$492,700$1,361,056
73$3,348,859$812,203$444,362$1,398,558
74$3,623,556$785,114$392,362$1,439,327
75$3,924,166$754,592$336,513$1,483,789
76$4,253,264$720,400$276,619$1,532,419
77$4,613,689$682,292$212,478$1,585,750
78$5,008,564$640,003$143,875$1,644,378
79$5,441,332$593,258$70,589$1,708,968
80$5,915,782$541,761$0$1,780,262
81$6,436,088$485,204$0$1,861,366
82$7,006,847$423,257$0$1,973,581
83$7,633,123$355,574$0$2,096,899
84$8,320,495$281,790$0$2,232,547
85$9,075,105$201,518$0$2,381,882
86$9,903,722$114,348$0$2,546,408
87$10,813,801$19,851$0$2,727,793
88$11,813,554$0$0$2,927,884
89$12,912,030$0$0$3,193,172
90$14,119,196$0$0$3,496,636
91$15,446,032$0$0$3,830,352
92$16,904,636$0$0$4,197,385
93$18,508,335$0$0$4,601,110
94$20,271,814$0$0$5,045,245
95$22,211,249$0$0$5,533,890
96$24,344,466$0$0$6,071,558
97$26,691,102$0$0$6,663,225
98$29,272,796$0$0$7,314,371
99$32,113,387$0$0$8,031,036
100$35,239,144$0$0$8,819,875