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%12.1%
1 years$71,761$71,122$70,498$69,890$69,295$68,686
2 years$35,525$34,864$34,223$33,601$32,998$32,384
3 years$23,448$22,784$22,144$21,528$20,935$20,335
4 years$17,411$16,749$16,115$15,510$14,931$14,350
5 years$13,790$13,131$12,506$11,913$11,350$10,790
6 years$11,376$10,722$10,107$9,527$8,981$8,443
7 years$9,653$9,005$8,399$7,833$7,304$6,787
8 years$8,361$7,719$7,123$6,571$6,059$5,564
9 years$7,357$6,721$6,135$5,597$5,103$4,629
10 years$6,554$5,924$5,349$4,824$4,348$3,895
11 years$5,897$5,274$4,709$4,199$3,739$3,307
12 years$5,350$4,733$4,179$3,683$3,240$2,829
13 years$4,888$4,278$3,734$3,251$2,826$2,434
14 years$4,492$3,888$3,355$2,886$2,477$2,105
15 years$4,150$3,552$3,029$2,574$2,181$1,828
16 years$3,850$3,259$2,746$2,305$1,928$1,593
17 years$3,586$3,001$2,499$2,071$1,709$1,392
18 years$3,351$2,773$2,281$1,866$1,520$1,220
19 years$3,142$2,570$2,088$1,686$1,355$1,071
20 years$2,953$2,388$1,916$1,527$1,210$942
21 years$2,783$2,225$1,763$1,386$1,083$830
22 years$2,629$2,077$1,625$1,260$970$733
23 years$2,488$1,942$1,500$1,148$871$648
24 years$2,359$1,820$1,387$1,047$783$573
25 years$2,240$1,708$1,285$956$705$507
26 years$2,131$1,605$1,192$874$635$450
27 years$2,030$1,511$1,107$800$572$399
28 years$1,937$1,423$1,029$733$516$354
29 years$1,850$1,343$957$672$466$314
30 years$1,769$1,268$892$617$421$279
31 years$1,693$1,199$831$567$381$248
32 years$1,623$1,134$776$521$345$221
33 years$1,556$1,074$724$479$312$196
34 years$1,494$1,018$677$441$282$175
35 years$1,435$966$633$406$256$155
36 years$1,380$917$592$374$232$138
37 years$1,328$871$554$344$210$123
38 years$1,279$827$519$317$190$110
39 years$1,232$787$486$292$173$98
40 years$1,188$748$456$270$157$87
41 years$1,146$712$427$249$142$78
42 years$1,106$679$401$230$129$69
43 years$1,069$646$376$212$117$62
44 years$1,032$616$353$196$106$55
45 years$998$588$331$181$96$49
46 years$965$561$311$167$88$44
47 years$934$535$292$154$79$39
48 years$904$511$275$143$72$35
49 years$876$488$258$132$66$31
50 years$848$466$243$122$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $869,000, adding $5,270 every year, while hoping to spend $38,047 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: 39/32/29 Blend
54$869,000$869,000$869,000$869,000
55$963,074$917,017$903,548$992,187
56$1,020,826$921,469$893,335$1,018,433
57$1,083,193$924,864$881,504$1,042,915
58$1,150,607$927,110$867,963$1,068,669
59$1,223,540$928,110$852,610$1,095,836
60$1,302,512$927,759$835,344$1,124,576
61$1,388,096$925,947$816,056$1,155,063
62$1,480,921$922,557$794,633$1,187,495
63$1,581,678$917,465$770,956$1,222,093
64$1,691,127$910,539$744,901$1,259,102
65$1,810,106$901,640$716,340$1,298,796
66$1,939,536$890,619$685,136$1,341,480
67$2,080,428$877,319$651,147$1,387,494
68$2,233,897$861,573$614,227$1,437,218
69$2,401,171$843,206$574,219$1,491,073
70$2,583,598$822,031$530,963$1,549,528
71$2,782,664$797,849$484,289$1,613,105
72$3,000,004$770,452$434,021$1,682,383
73$3,237,418$739,618$379,975$1,758,007
74$3,496,888$705,113$321,958$1,840,691
75$3,780,596$666,689$259,768$1,931,231
76$4,090,943$624,083$193,197$2,030,507
77$4,430,574$577,018$122,024$2,139,498
78$4,802,402$525,201$46,021$2,259,289
79$5,209,634$468,322$0$2,391,082
80$5,655,800$406,054$0$2,547,068
81$6,144,792$338,051$0$2,733,769
82$6,680,892$263,946$0$2,938,650
83$7,268,817$183,354$0$3,163,605
84$7,913,766$95,868$0$3,410,733
85$8,621,460$1,055$0$3,682,346
86$9,398,204$0$0$3,981,002
87$10,250,943$0$0$4,345,277
88$11,187,326$0$0$4,745,814
89$12,215,780$0$0$5,185,861
90$13,345,588$0$0$5,669,406
91$14,586,976$0$0$6,200,843
92$15,951,210$0$0$6,785,010
93$17,450,701$0$0$7,427,241
94$19,099,123$0$0$8,133,409
95$20,911,540$0$0$8,909,986
96$22,904,549$0$0$9,764,105
97$25,096,436$0$0$10,703,620
98$27,507,348$0$0$11,737,188
99$30,159,482$0$0$12,874,347
100$33,077,294$0$0$14,125,605