Can I retire at age 55 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$71,844$71,204$70,579$69,970$69,375$67,863
2 years$35,566$34,904$34,262$33,639$33,036$31,520
3 years$23,475$22,810$22,170$21,553$20,959$19,487
4 years$17,431$16,768$16,134$15,528$14,948$13,531
5 years$13,805$13,146$12,521$11,927$11,363$10,006
6 years$11,389$10,735$10,118$9,538$8,992$7,694
7 years$9,664$9,015$8,408$7,842$7,313$6,076
8 years$8,371$7,728$7,131$6,578$6,066$4,890
9 years$7,365$6,728$6,142$5,603$5,109$3,991
10 years$6,561$5,931$5,355$4,830$4,353$3,294
11 years$5,904$5,280$4,714$4,204$3,744$2,741
12 years$5,357$4,739$4,184$3,687$3,244$2,297
13 years$4,894$4,282$3,738$3,255$2,829$1,935
14 years$4,498$3,893$3,359$2,890$2,480$1,638
15 years$4,154$3,556$3,032$2,577$2,183$1,392
16 years$3,854$3,263$2,749$2,307$1,930$1,186
17 years$3,590$3,005$2,502$2,073$1,711$1,013
18 years$3,355$2,776$2,284$1,868$1,521$867
19 years$3,145$2,573$2,091$1,688$1,356$744
20 years$2,957$2,391$1,919$1,529$1,211$639
21 years$2,786$2,227$1,765$1,388$1,084$550
22 years$2,632$2,079$1,627$1,262$972$474
23 years$2,491$1,945$1,502$1,149$872$408
24 years$2,362$1,822$1,389$1,048$784$352
25 years$2,243$1,710$1,286$957$705$304
26 years$2,134$1,607$1,193$875$635$263
27 years$2,033$1,512$1,108$801$573$227
28 years$1,939$1,425$1,030$734$517$196
29 years$1,852$1,344$958$673$467$170
30 years$1,771$1,270$893$618$422$147
31 years$1,695$1,200$832$567$381$127
32 years$1,624$1,136$777$521$345$110
33 years$1,558$1,075$725$479$312$95
34 years$1,496$1,019$677$441$283$83
35 years$1,437$967$633$406$256$72
36 years$1,382$918$593$374$232$62
37 years$1,330$872$555$345$210$54
38 years$1,280$828$519$318$191$47
39 years$1,234$788$487$293$173$40
40 years$1,189$749$456$270$157$35
41 years$1,147$713$428$249$142$30
42 years$1,108$679$401$230$129$26
43 years$1,070$647$376$212$117$23
44 years$1,034$617$353$196$106$20
45 years$999$588$332$181$97$17
46 years$967$561$312$167$88$15
47 years$935$536$293$154$80$13
48 years$905$511$275$143$72$11
49 years$877$488$259$132$66$10
50 years$849$466$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $870,000, adding $2,358 every year, while hoping to spend $22,559 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: 65/8/27 Blend
54$870,000$870,000$870,000$870,000
55$961,172$915,062$901,577$1,016,668
56$1,035,209$935,898$907,778$1,075,274
57$1,116,042$956,998$913,429$1,136,582
58$1,204,340$978,352$918,491$1,203,096
59$1,300,839$999,949$922,917$1,275,330
60$1,406,352$1,021,773$926,662$1,353,851
61$1,521,771$1,043,811$929,676$1,439,284
62$1,648,080$1,066,046$931,909$1,532,318
63$1,786,362$1,088,460$933,305$1,633,713
64$1,937,809$1,111,033$933,809$1,744,303
65$2,103,734$1,133,743$933,361$1,865,014
66$2,285,585$1,156,566$931,898$1,996,859
67$2,484,953$1,179,476$929,355$2,140,962
68$2,703,594$1,202,446$925,664$2,298,556
69$2,943,438$1,225,444$920,752$2,471,003
70$3,206,616$1,248,437$914,544$2,659,804
71$3,495,470$1,271,390$906,960$2,866,613
72$3,812,584$1,294,263$897,919$3,093,253
73$4,160,801$1,317,016$887,333$3,341,735
74$4,543,255$1,339,602$875,111$3,614,273
75$4,963,398$1,361,974$861,159$3,913,311
76$5,425,033$1,384,079$845,376$4,241,539
77$5,932,349$1,405,862$827,659$4,601,925
78$6,489,961$1,427,261$807,897$4,997,739
79$7,102,954$1,448,213$785,978$5,432,586
80$7,776,928$1,468,649$761,782$5,910,439
81$8,518,057$1,488,495$735,184$6,435,679
82$9,333,139$1,507,671$706,052$7,013,133
83$10,229,666$1,526,094$674,252$7,648,121
84$11,215,891$1,543,672$639,639$8,346,510
85$12,300,910$1,560,310$602,065$9,114,763
86$13,494,743$1,575,905$561,374$9,960,007
87$14,808,429$1,590,347$517,402$10,890,094
88$16,254,134$1,603,519$469,980$11,913,682
89$17,845,260$1,615,296$418,930$13,040,310
90$19,596,578$1,625,547$364,065$14,280,497
91$21,524,360$1,634,130$305,192$15,645,831
92$23,646,537$1,640,894$242,108$17,149,088
93$25,982,866$1,645,681$174,602$18,804,348
94$28,555,120$1,648,320$102,452$20,627,130
95$31,387,286$1,648,632$25,428$22,634,539
96$34,505,799$1,646,425$0$24,845,425
97$37,939,786$1,641,495$0$27,296,921
98$41,721,343$1,633,627$0$30,004,451
99$45,885,837$1,622,592$0$32,985,996
100$50,472,241$1,608,148$0$36,269,452