Can I retire at age 55 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$71,679$71,040$70,417$69,809$69,216$68,550
2 years$35,484$34,824$34,183$33,562$32,960$32,289
3 years$23,421$22,758$22,119$21,504$20,911$20,256
4 years$17,391$16,729$16,097$15,492$14,914$14,280
5 years$13,774$13,116$12,492$11,899$11,337$10,726
6 years$11,363$10,710$10,095$9,516$8,971$8,383
7 years$9,642$8,994$8,389$7,824$7,296$6,732
8 years$8,351$7,710$7,115$6,563$6,052$5,513
9 years$7,348$6,713$6,128$5,590$5,097$4,581
10 years$6,546$5,917$5,342$4,819$4,343$3,850
11 years$5,890$5,268$4,703$4,194$3,735$3,265
12 years$5,344$4,728$4,174$3,679$3,237$2,789
13 years$4,883$4,273$3,729$3,248$2,823$2,397
14 years$4,487$3,884$3,351$2,883$2,474$2,070
15 years$4,145$3,548$3,025$2,571$2,178$1,795
16 years$3,846$3,255$2,743$2,302$1,925$1,562
17 years$3,582$2,998$2,496$2,068$1,707$1,363
18 years$3,348$2,770$2,278$1,864$1,518$1,193
19 years$3,138$2,567$2,086$1,684$1,353$1,046
20 years$2,950$2,386$1,914$1,525$1,208$919
21 years$2,780$2,222$1,761$1,384$1,081$809
22 years$2,626$2,074$1,623$1,259$969$713
23 years$2,485$1,940$1,498$1,146$870$629
24 years$2,356$1,818$1,386$1,046$782$555
25 years$2,238$1,706$1,283$955$704$491
26 years$2,129$1,603$1,190$873$634$434
27 years$2,028$1,509$1,105$799$572$385
28 years$1,935$1,422$1,028$732$516$341
29 years$1,848$1,341$956$671$466$302
30 years$1,767$1,267$891$616$421$268
31 years$1,691$1,197$830$566$380$238
32 years$1,621$1,133$775$520$344$211
33 years$1,554$1,073$723$478$311$187
34 years$1,492$1,017$676$440$282$167
35 years$1,434$965$632$405$255$148
36 years$1,379$915$591$373$231$132
37 years$1,327$870$553$344$210$117
38 years$1,277$826$518$317$190$104
39 years$1,231$786$485$292$172$92
40 years$1,187$748$455$269$156$82
41 years$1,145$712$427$249$142$73
42 years$1,105$678$400$229$129$65
43 years$1,067$646$376$212$117$58
44 years$1,031$616$353$196$106$52
45 years$997$587$331$181$96$46
46 years$964$560$311$167$87$41
47 years$933$534$292$154$79$36
48 years$903$510$274$142$72$32
49 years$875$487$258$132$65$29
50 years$847$465$243$122$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $868,000, adding $2,628 every year, while hoping to spend $50,778 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: 34/40/26 Blend
54$868,000$868,000$868,000$868,000
55$959,247$913,243$899,789$984,219
56$1,003,063$903,964$875,904$993,898
57$1,049,646$892,529$849,518$999,571
58$1,099,225$878,778$820,492$1,004,688
59$1,152,050$862,543$788,683$1,009,235
60$1,208,396$843,644$753,941$1,013,199
61$1,268,562$821,893$716,108$1,016,571
62$1,332,879$797,089$675,020$1,019,345
63$1,401,705$769,019$630,506$1,021,523
64$1,475,437$737,459$582,386$1,023,109
65$1,554,509$702,171$530,473$1,024,117
66$1,639,396$662,905$474,571$1,024,567
67$1,730,621$619,394$414,476$1,024,488
68$1,828,757$571,357$349,974$1,023,919
69$1,934,434$518,498$280,842$1,022,914
70$2,048,343$460,501$206,847$1,021,535
71$2,171,244$397,035$127,745$1,019,863
72$2,303,970$327,749$43,284$1,017,996
73$2,447,439$252,273$0$1,016,050
74$2,602,659$170,215$0$1,027,162
75$2,770,737$81,162$0$1,052,159
76$2,952,891$0$0$1,079,293
77$3,150,460$0$0$1,115,615
78$3,364,917$0$0$1,193,926
79$3,597,881$0$0$1,279,108
80$3,851,135$0$0$1,371,825
81$4,126,638$0$0$1,472,811
82$4,426,547$0$0$1,582,870
83$4,753,235$0$0$1,702,890
84$5,109,313$0$0$1,833,847
85$5,497,656$0$0$1,976,815
86$5,921,426$0$0$2,132,977
87$6,384,106$0$0$2,303,635
88$6,889,527$0$0$2,490,223
89$7,441,911$0$0$2,694,319
90$8,045,901$0$0$2,917,661
91$8,706,614$0$0$3,162,162
92$9,429,680$0$0$3,429,929
93$10,221,301$0$0$3,723,284
94$11,088,306$0$0$4,044,780
95$12,038,215$0$0$4,397,234
96$13,079,310$0$0$4,783,744
97$14,220,712$0$0$5,207,725
98$15,472,468$0$0$5,672,938
99$16,845,643$0$0$6,183,524
100$18,352,423$0$0$6,744,046