Can I retire at age 55 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$71,761$71,122$70,498$69,890$69,295$68,657
2 years$35,525$34,864$34,223$33,601$32,998$32,355
3 years$23,448$22,784$22,144$21,528$20,935$20,308
4 years$17,411$16,749$16,115$15,510$14,931$14,323
5 years$13,790$13,131$12,506$11,913$11,350$10,764
6 years$11,376$10,722$10,107$9,527$8,981$8,418
7 years$9,653$9,005$8,399$7,833$7,304$6,763
8 years$8,361$7,719$7,123$6,571$6,059$5,541
9 years$7,357$6,721$6,135$5,597$5,103$4,607
10 years$6,554$5,924$5,349$4,824$4,348$3,875
11 years$5,897$5,274$4,709$4,199$3,739$3,288
12 years$5,350$4,733$4,179$3,683$3,240$2,811
13 years$4,888$4,278$3,734$3,251$2,826$2,417
14 years$4,492$3,888$3,355$2,886$2,477$2,088
15 years$4,150$3,552$3,029$2,574$2,181$1,812
16 years$3,850$3,259$2,746$2,305$1,928$1,578
17 years$3,586$3,001$2,499$2,071$1,709$1,378
18 years$3,351$2,773$2,281$1,866$1,520$1,207
19 years$3,142$2,570$2,088$1,686$1,355$1,059
20 years$2,953$2,388$1,916$1,527$1,210$931
21 years$2,783$2,225$1,763$1,386$1,083$820
22 years$2,629$2,077$1,625$1,260$970$723
23 years$2,488$1,942$1,500$1,148$871$638
24 years$2,359$1,820$1,387$1,047$783$564
25 years$2,240$1,708$1,285$956$705$499
26 years$2,131$1,605$1,192$874$635$442
27 years$2,030$1,511$1,107$800$572$392
28 years$1,937$1,423$1,029$733$516$347
29 years$1,850$1,343$957$672$466$308
30 years$1,769$1,268$892$617$421$274
31 years$1,693$1,199$831$567$381$243
32 years$1,623$1,134$776$521$345$216
33 years$1,556$1,074$724$479$312$192
34 years$1,494$1,018$677$441$282$171
35 years$1,435$966$633$406$256$152
36 years$1,380$917$592$374$232$135
37 years$1,328$871$554$344$210$120
38 years$1,279$827$519$317$190$107
39 years$1,232$787$486$292$173$95
40 years$1,188$748$456$270$157$85
41 years$1,146$712$427$249$142$75
42 years$1,106$679$401$230$129$67
43 years$1,069$646$376$212$117$60
44 years$1,032$616$353$196$106$53
45 years$998$588$331$181$96$47
46 years$965$561$311$167$88$42
47 years$934$535$292$154$79$38
48 years$904$511$275$143$72$34
49 years$876$488$258$132$66$30
50 years$848$466$243$122$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $869,000, adding $3,275 every year, while hoping to spend $26,856 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: 41/39/20 Blend
54$869,000$869,000$869,000$869,000
55$961,016$914,959$901,490$994,635
56$1,030,465$931,218$903,115$1,035,162
57$1,106,098$947,373$903,895$1,076,165
58$1,188,517$963,391$903,772$1,119,994
59$1,278,385$979,236$902,688$1,166,922
60$1,376,431$994,870$900,579$1,217,248
61$1,483,460$1,010,251$897,381$1,271,306
62$1,600,354$1,025,334$893,024$1,329,462
63$1,728,087$1,040,073$887,437$1,392,123
64$1,867,730$1,054,415$880,545$1,459,735
65$2,020,464$1,068,307$872,269$1,532,794
66$2,187,587$1,081,689$862,525$1,611,844
67$2,370,528$1,094,499$851,227$1,697,490
68$2,570,864$1,106,672$838,285$1,790,396
69$2,790,328$1,118,134$823,604$1,891,297
70$3,030,830$1,128,812$807,083$2,001,005
71$3,294,474$1,138,623$788,620$2,120,416
72$3,583,577$1,147,481$768,105$2,250,519
73$3,900,689$1,155,296$745,424$2,392,406
74$4,248,622$1,161,968$720,458$2,547,281
75$4,630,471$1,167,394$693,083$2,716,476
76$5,049,646$1,171,463$663,168$2,901,458
77$5,509,903$1,174,058$630,578$3,103,850
78$6,015,380$1,175,054$595,169$3,325,440
79$6,570,635$1,174,317$556,793$3,568,202
80$7,180,689$1,171,708$515,295$3,834,316
81$7,851,074$1,167,076$470,512$4,126,186
82$8,587,883$1,160,263$422,274$4,446,465
83$9,397,831$1,151,100$370,404$4,798,082
84$10,288,315$1,139,408$314,717$5,184,267
85$11,267,482$1,124,999$255,020$5,608,585
86$12,344,313$1,107,671$191,110$6,074,969
87$13,528,697$1,087,211$122,776$6,587,757
88$14,831,535$1,063,395$49,800$7,151,737
89$16,264,833$1,035,984$0$7,772,188
90$17,841,824$1,004,724$0$8,460,929
91$19,577,084$969,349$0$9,230,122
92$21,486,675$929,576$0$10,076,271
93$23,588,295$885,105$0$11,007,249
94$25,901,445$835,619$0$12,031,737
95$28,447,611$780,783$0$13,159,305
96$31,250,469$720,243$0$14,400,506
97$34,336,107$653,625$0$15,766,971
98$37,733,269$580,532$0$17,271,528
99$41,473,631$500,546$0$18,928,315
100$45,592,094$413,225$0$20,752,920