Can I retire at age 55 with 871,000?

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 $871,000?

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 years$71,926$71,286$70,661$70,051$69,455$68,873
2 years$35,607$34,944$34,301$33,678$33,074$32,487
3 years$23,502$22,836$22,195$21,578$20,983$20,410
4 years$17,451$16,787$16,152$15,546$14,965$14,411
5 years$13,821$13,161$12,535$11,941$11,377$10,841
6 years$11,402$10,747$10,130$9,549$9,002$8,487
7 years$9,675$9,025$8,418$7,851$7,321$6,827
8 years$8,380$7,736$7,139$6,586$6,073$5,600
9 years$7,374$6,736$6,149$5,610$5,115$4,661
10 years$6,569$5,937$5,361$4,836$4,358$3,925
11 years$5,911$5,286$4,720$4,208$3,748$3,335
12 years$5,363$4,744$4,189$3,691$3,248$2,854
13 years$4,900$4,287$3,742$3,259$2,832$2,457
14 years$4,503$3,897$3,362$2,893$2,483$2,126
15 years$4,159$3,560$3,036$2,580$2,186$1,847
16 years$3,859$3,266$2,752$2,310$1,932$1,611
17 years$3,594$3,008$2,505$2,076$1,713$1,409
18 years$3,359$2,780$2,286$1,870$1,523$1,235
19 years$3,149$2,576$2,093$1,690$1,358$1,086
20 years$2,960$2,394$1,921$1,531$1,213$956
21 years$2,790$2,230$1,767$1,389$1,085$843
22 years$2,635$2,081$1,628$1,263$973$745
23 years$2,494$1,947$1,504$1,150$873$658
24 years$2,364$1,824$1,391$1,049$785$583
25 years$2,246$1,712$1,288$958$706$517
26 years$2,136$1,609$1,194$876$636$458
27 years$2,035$1,514$1,109$802$574$407
28 years$1,941$1,427$1,031$735$518$361
29 years$1,854$1,346$960$674$467$321
30 years$1,773$1,271$894$618$422$285
31 years$1,697$1,202$833$568$382$254
32 years$1,626$1,137$777$522$345$226
33 years$1,560$1,077$726$480$313$201
34 years$1,497$1,020$678$442$283$179
35 years$1,439$968$634$407$256$160
36 years$1,383$919$593$374$232$142
37 years$1,331$873$555$345$210$127
38 years$1,282$829$520$318$191$113
39 years$1,235$788$487$293$173$101
40 years$1,191$750$457$270$157$90
41 years$1,149$714$428$249$142$80
42 years$1,109$680$402$230$129$71
43 years$1,071$648$377$213$117$64
44 years$1,035$618$354$196$106$57
45 years$1,000$589$332$181$97$51
46 years$968$562$312$167$88$45
47 years$936$536$293$155$80$40
48 years$906$512$275$143$72$36
49 years$878$489$259$132$66$32
50 years$850$467$243$122$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $871,000, adding $6,933 every year, while hoping to spend $57,966 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: 31/40/29 Blend
54$871,000$871,000$871,000$871,000
55$966,993$920,830$907,330$988,229
56$1,003,951$904,276$876,050$988,727
57$1,042,736$884,967$841,780$983,722
58$1,083,473$862,708$804,357$977,205
59$1,126,298$837,292$763,614$969,085
60$1,171,359$808,498$719,373$959,267
61$1,218,817$776,093$671,452$947,654
62$1,268,847$739,832$619,656$934,144
63$1,321,640$699,455$563,785$918,634
64$1,377,404$654,684$503,628$901,016
65$1,436,366$605,231$438,966$881,179
66$1,498,773$550,785$369,570$859,011
67$1,564,897$491,023$295,200$834,396
68$1,635,033$425,600$215,606$807,215
69$1,709,505$354,152$130,526$777,348
70$1,788,665$276,296$39,689$744,674
71$1,872,900$191,626$0$709,070
72$1,962,633$99,713$0$688,125
73$2,058,328$106$0$678,259
74$2,160,493$0$0$667,151
75$2,269,683$0$0$702,170
76$2,386,508$0$0$739,774
77$2,511,637$0$0$780,143
78$2,645,803$0$0$823,523
79$2,789,810$0$0$870,188
80$2,944,541$0$0$920,437
81$3,110,965$0$0$974,598
82$3,290,146$0$0$1,033,033
83$3,483,252$0$0$1,096,137
84$3,691,567$0$0$1,164,346
85$3,916,499$0$0$1,238,139
86$4,159,600$0$0$1,318,043
87$4,422,570$0$0$1,404,636
88$4,707,282$0$0$1,498,554
89$5,015,794$0$0$1,600,497
90$5,350,367$0$0$1,711,234
91$5,713,490$0$0$1,831,613
92$6,107,899$0$0$1,962,564
93$6,536,605$0$0$2,105,112
94$7,002,918$0$0$2,260,384
95$7,510,481$0$0$2,429,621
96$8,063,304$0$0$2,614,189
97$8,665,798$0$0$2,815,590
98$9,322,817$0$0$3,035,480
99$10,039,705$0$0$3,275,677
100$10,822,344$0$0$3,538,189