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%13.1%
1 years$71,679$71,040$70,417$69,809$69,216$68,322
2 years$35,484$34,824$34,183$33,562$32,960$32,061
3 years$23,421$22,758$22,119$21,504$20,911$20,035
4 years$17,391$16,729$16,097$15,492$14,914$14,067
5 years$13,774$13,116$12,492$11,899$11,337$10,522
6 years$11,363$10,710$10,095$9,516$8,971$8,188
7 years$9,642$8,994$8,389$7,824$7,296$6,546
8 years$8,351$7,710$7,115$6,563$6,052$5,336
9 years$7,348$6,713$6,128$5,590$5,097$4,413
10 years$6,546$5,917$5,342$4,819$4,343$3,691
11 years$5,890$5,268$4,703$4,194$3,735$3,115
12 years$5,344$4,728$4,174$3,679$3,237$2,647
13 years$4,883$4,273$3,729$3,248$2,823$2,263
14 years$4,487$3,884$3,351$2,883$2,474$1,944
15 years$4,145$3,548$3,025$2,571$2,178$1,677
16 years$3,846$3,255$2,743$2,302$1,925$1,451
17 years$3,582$2,998$2,496$2,068$1,707$1,259
18 years$3,348$2,770$2,278$1,864$1,518$1,096
19 years$3,138$2,567$2,086$1,684$1,353$955
20 years$2,950$2,386$1,914$1,525$1,208$834
21 years$2,780$2,222$1,761$1,384$1,081$730
22 years$2,626$2,074$1,623$1,259$969$639
23 years$2,485$1,940$1,498$1,146$870$560
24 years$2,356$1,818$1,386$1,046$782$492
25 years$2,238$1,706$1,283$955$704$432
26 years$2,129$1,603$1,190$873$634$380
27 years$2,028$1,509$1,105$799$572$334
28 years$1,935$1,422$1,028$732$516$294
29 years$1,848$1,341$956$671$466$259
30 years$1,767$1,267$891$616$421$229
31 years$1,691$1,197$830$566$380$201
32 years$1,621$1,133$775$520$344$178
33 years$1,554$1,073$723$478$311$157
34 years$1,492$1,017$676$440$282$138
35 years$1,434$965$632$405$255$122
36 years$1,379$915$591$373$231$108
37 years$1,327$870$553$344$210$95
38 years$1,277$826$518$317$190$84
39 years$1,231$786$485$292$172$74
40 years$1,187$748$455$269$156$66
41 years$1,145$712$427$249$142$58
42 years$1,105$678$400$229$129$51
43 years$1,067$646$376$212$117$45
44 years$1,031$616$353$196$106$40
45 years$997$587$331$181$96$35
46 years$964$560$311$167$87$31
47 years$933$534$292$154$79$28
48 years$903$510$274$142$72$24
49 years$875$487$258$132$65$22
50 years$847$465$243$122$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $868,000, adding $6,964 every year, while hoping to spend $42,824 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: 37/39/24 Blend
54$868,000$868,000$868,000$868,000
55$963,719$917,715$904,261$992,220
56$1,016,454$917,119$888,990$1,013,113
57$1,073,133$915,058$871,771$1,031,203
58$1,134,112$911,416$852,495$1,049,891
59$1,199,785$906,068$831,047$1,069,259
60$1,270,580$898,883$807,304$1,089,399
61$1,346,972$889,721$781,141$1,110,415
62$1,429,480$878,433$752,426$1,132,425
63$1,518,674$864,864$721,020$1,155,564
64$1,615,183$848,847$686,779$1,179,985
65$1,719,697$830,206$649,551$1,205,858
66$1,832,974$808,754$609,179$1,233,378
67$1,955,848$784,293$565,497$1,262,764
68$2,089,236$756,615$518,332$1,294,261
69$2,234,147$725,498$467,506$1,328,145
70$2,391,691$690,709$412,828$1,364,726
71$2,563,089$651,999$354,104$1,404,353
72$2,749,685$609,107$291,126$1,447,416
73$2,952,955$561,756$223,682$1,494,349
74$3,174,527$509,653$151,546$1,545,642
75$3,416,192$452,489$74,485$1,601,841
76$3,679,918$389,936$0$1,663,553
77$3,967,876$321,649$0$1,733,446
78$4,282,453$247,263$0$1,830,775
79$4,626,278$166,393$0$1,937,361
80$5,002,243$78,631$0$2,054,216
81$5,413,535$0$0$2,182,464
82$5,863,662$0$0$2,330,408
83$6,356,488$0$0$2,529,449
84$6,896,267$0$0$2,747,574
85$7,487,682$0$0$2,986,692
86$8,135,893$0$0$3,248,904
87$8,846,583$0$0$3,536,525
88$9,626,009$0$0$3,852,105
89$10,481,065$0$0$4,198,452
90$11,419,342$0$0$4,578,660
91$12,449,203$0$0$4,996,135
92$13,579,861$0$0$5,454,633
93$14,821,462$0$0$5,958,287
94$16,185,185$0$0$6,511,653
95$17,683,343$0$0$7,119,750
96$19,329,502$0$0$7,788,106
97$21,138,608$0$0$8,522,811
98$23,127,123$0$0$9,330,577
99$25,313,186$0$0$10,218,795
100$27,716,782$0$0$11,195,611