Can I retire at age 55 with 869,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$71,761$71,122$70,498$69,890$69,295$66,651
2 years$35,525$34,864$34,223$33,601$32,998$30,365
3 years$23,448$22,784$22,144$21,528$20,935$18,397
4 years$17,411$16,749$16,115$15,510$14,931$12,506
5 years$13,790$13,131$12,506$11,913$11,350$9,045
6 years$11,376$10,722$10,107$9,527$8,981$6,797
7 years$9,653$9,005$8,399$7,833$7,304$5,241
8 years$8,361$7,719$7,123$6,571$6,059$4,115
9 years$7,357$6,721$6,135$5,597$5,103$3,274
10 years$6,554$5,924$5,349$4,824$4,348$2,632
11 years$5,897$5,274$4,709$4,199$3,739$2,132
12 years$5,350$4,733$4,179$3,683$3,240$1,737
13 years$4,888$4,278$3,734$3,251$2,826$1,423
14 years$4,492$3,888$3,355$2,886$2,477$1,170
15 years$4,150$3,552$3,029$2,574$2,181$965
16 years$3,850$3,259$2,746$2,305$1,928$798
17 years$3,586$3,001$2,499$2,071$1,709$661
18 years$3,351$2,773$2,281$1,866$1,520$548
19 years$3,142$2,570$2,088$1,686$1,355$456
20 years$2,953$2,388$1,916$1,527$1,210$379
21 years$2,783$2,225$1,763$1,386$1,083$316
22 years$2,629$2,077$1,625$1,260$970$263
23 years$2,488$1,942$1,500$1,148$871$220
24 years$2,359$1,820$1,387$1,047$783$183
25 years$2,240$1,708$1,285$956$705$153
26 years$2,131$1,605$1,192$874$635$128
27 years$2,030$1,511$1,107$800$572$107
28 years$1,937$1,423$1,029$733$516$89
29 years$1,850$1,343$957$672$466$75
30 years$1,769$1,268$892$617$421$62
31 years$1,693$1,199$831$567$381$52
32 years$1,623$1,134$776$521$345$44
33 years$1,556$1,074$724$479$312$36
34 years$1,494$1,018$677$441$282$31
35 years$1,435$966$633$406$256$26
36 years$1,380$917$592$374$232$21
37 years$1,328$871$554$344$210$18
38 years$1,279$827$519$317$190$15
39 years$1,232$787$486$292$173$13
40 years$1,188$748$456$270$157$10
41 years$1,146$712$427$249$142$9
42 years$1,106$679$401$230$129$7
43 years$1,069$646$376$212$117$6
44 years$1,032$616$353$196$106$5
45 years$998$588$331$181$96$4
46 years$965$561$311$167$88$4
47 years$934$535$292$154$79$3
48 years$904$511$275$143$72$3
49 years$876$488$258$132$66$2
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $869,000, adding $3,023 every year, while hoping to spend $21,954 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: 72/11/17 Blend
54$869,000$869,000$869,000$869,000
55$960,756$914,699$901,230$1,025,928
56$1,035,394$936,161$908,062$1,091,063
57$1,116,910$957,938$914,387$1,159,427
58$1,205,981$980,023$920,166$1,233,728
59$1,303,355$1,002,408$925,355$1,314,549
60$1,409,853$1,025,081$929,910$1,402,533
61$1,526,381$1,048,033$933,785$1,498,391
62$1,653,935$1,071,251$936,930$1,602,902
63$1,793,614$1,094,719$939,295$1,716,927
64$1,946,626$1,118,424$940,824$1,841,414
65$2,114,302$1,142,347$941,462$1,977,407
66$2,298,108$1,166,469$941,149$2,126,057
67$2,499,659$1,190,770$939,821$2,288,631
68$2,720,733$1,215,227$937,414$2,466,527
69$2,963,290$1,239,815$933,859$2,661,284
70$3,229,485$1,264,506$929,084$2,874,598
71$3,521,697$1,289,271$923,013$3,108,337
72$3,842,543$1,314,078$915,566$3,364,563
73$4,194,907$1,338,892$906,662$3,645,543
74$4,581,965$1,363,676$896,213$3,953,780
75$5,007,217$1,388,388$884,128$4,292,029
76$5,474,519$1,412,984$870,311$4,663,327
77$5,988,117$1,437,417$854,664$5,071,022
78$6,552,691$1,461,636$837,081$5,518,802
79$7,173,395$1,485,587$817,453$6,010,732
80$7,855,910$1,509,209$795,666$6,551,292
81$8,606,492$1,532,440$771,601$7,145,417
82$9,432,036$1,555,211$745,131$7,798,549
83$10,340,138$1,577,450$716,127$8,516,682
84$11,339,166$1,599,079$684,451$9,306,425
85$12,438,341$1,620,015$649,961$10,175,059
86$13,647,824$1,640,167$612,506$11,130,609
87$14,978,808$1,659,441$571,931$12,181,918
88$16,443,628$1,677,736$528,072$13,338,732
89$18,055,874$1,694,941$480,759$14,611,794
90$19,830,522$1,710,942$429,814$16,012,939
91$21,784,072$1,725,615$375,049$17,555,213
92$23,934,706$1,738,828$316,271$19,252,994
93$26,302,457$1,750,442$253,277$21,122,125
94$28,909,400$1,760,306$185,855$23,180,066
95$31,779,861$1,768,263$113,783$25,446,062
96$34,940,642$1,774,143$36,830$27,941,319
97$38,421,279$1,777,767$0$30,689,208
98$42,254,316$1,778,945$0$33,723,702
99$46,475,616$1,777,473$0$37,072,634
100$51,124,697$1,773,138$0$40,760,646