Can I retire at age 55 with 870,000?

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 $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%19.1%
1 years$71,844$71,204$70,579$69,970$69,375$66,834
2 years$35,566$34,904$34,262$33,639$33,036$30,504
3 years$23,475$22,810$22,170$21,553$20,959$18,516
4 years$17,431$16,768$16,134$15,528$14,948$12,613
5 years$13,805$13,146$12,521$11,927$11,363$9,142
6 years$11,389$10,735$10,118$9,538$8,992$6,885
7 years$9,664$9,015$8,408$7,842$7,313$5,321
8 years$8,371$7,728$7,131$6,578$6,066$4,187
9 years$7,365$6,728$6,142$5,603$5,109$3,340
10 years$6,561$5,931$5,355$4,830$4,353$2,692
11 years$5,904$5,280$4,714$4,204$3,744$2,186
12 years$5,357$4,739$4,184$3,687$3,244$1,786
13 years$4,894$4,282$3,738$3,255$2,829$1,467
14 years$4,498$3,893$3,359$2,890$2,480$1,209
15 years$4,154$3,556$3,032$2,577$2,183$1,000
16 years$3,854$3,263$2,749$2,307$1,930$829
17 years$3,590$3,005$2,502$2,073$1,711$689
18 years$3,355$2,776$2,284$1,868$1,521$574
19 years$3,145$2,573$2,091$1,688$1,356$478
20 years$2,957$2,391$1,919$1,529$1,211$399
21 years$2,786$2,227$1,765$1,388$1,084$333
22 years$2,632$2,079$1,627$1,262$972$279
23 years$2,491$1,945$1,502$1,149$872$233
24 years$2,362$1,822$1,389$1,048$784$195
25 years$2,243$1,710$1,286$957$705$164
26 years$2,134$1,607$1,193$875$635$137
27 years$2,033$1,512$1,108$801$573$115
28 years$1,939$1,425$1,030$734$517$96
29 years$1,852$1,344$958$673$467$81
30 years$1,771$1,270$893$618$422$68
31 years$1,695$1,200$832$567$381$57
32 years$1,624$1,136$777$521$345$48
33 years$1,558$1,075$725$479$312$40
34 years$1,496$1,019$677$441$283$34
35 years$1,437$967$633$406$256$28
36 years$1,382$918$593$374$232$24
37 years$1,330$872$555$345$210$20
38 years$1,280$828$519$318$191$17
39 years$1,234$788$487$293$173$14
40 years$1,189$749$456$270$157$12
41 years$1,147$713$428$249$142$10
42 years$1,108$679$401$230$129$8
43 years$1,070$647$376$212$117$7
44 years$1,034$617$353$196$106$6
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$2
50 years$849$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 $870,000, adding $3,375 every year, while hoping to spend $58,735 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: 78/8/14 Blend
54$870,000$870,000$870,000$870,000
55$962,221$916,111$902,626$1,034,261
56$997,874$898,507$870,371$1,064,580
57$1,035,195$878,072$835,066$1,090,010
58$1,074,293$854,605$796,548$1,116,253
59$1,115,283$827,893$754,645$1,143,367
60$1,158,294$797,712$709,178$1,171,416
61$1,203,464$763,824$659,959$1,200,474
62$1,250,943$725,976$606,793$1,230,618
63$1,300,892$683,903$549,474$1,261,938
64$1,353,491$637,322$487,790$1,294,531
65$1,408,933$585,936$421,516$1,328,507
66$1,467,426$529,429$350,419$1,363,987
67$1,529,202$467,470$274,257$1,401,104
68$1,594,510$399,705$192,774$1,440,008
69$1,663,624$325,764$105,705$1,480,863
70$1,736,841$245,254$12,773$1,523,855
71$1,814,487$157,760$0$1,569,185
72$1,896,918$62,844$0$1,629,987
73$1,984,524$0$0$1,696,480
74$2,077,731$0$0$1,770,596
75$2,177,004$0$0$1,855,445
76$2,282,855$0$0$1,945,931
77$2,395,842$0$0$2,042,536
78$2,516,578$0$0$2,145,786
79$2,645,735$0$0$2,256,257
80$2,784,048$0$0$2,374,581
81$2,932,325$0$0$2,501,452
82$3,091,452$0$0$2,637,631
83$3,262,401$0$0$2,783,952
84$3,446,238$0$0$2,941,333
85$3,644,136$0$0$3,110,780
86$3,857,381$0$0$3,293,396
87$4,087,385$0$0$3,490,398
88$4,335,701$0$0$3,703,117
89$4,604,034$0$0$3,933,020
90$4,894,259$0$0$4,181,716
91$5,208,436$0$0$4,450,977
92$5,548,831$0$0$4,742,748
93$5,917,934$0$0$5,059,170
94$6,318,484$0$0$5,402,596
95$6,753,493$0$0$5,775,613
96$7,226,274$0$0$6,181,070
97$7,740,472$0$0$6,622,099
98$8,300,098$0$0$7,102,145
99$8,909,564$0$0$7,625,000
100$9,573,725$0$0$8,194,838