Can I retire at age 55 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$72,009$71,368$70,742$70,131$69,535$69,212
2 years$35,648$34,984$34,341$33,717$33,112$32,787
3 years$23,529$22,862$22,221$21,603$21,007$20,689
4 years$17,471$16,806$16,171$15,564$14,983$14,674
5 years$13,837$13,176$12,549$11,954$11,390$11,091
6 years$11,415$10,760$10,142$9,560$9,012$8,725
7 years$9,686$9,036$8,428$7,860$7,329$7,053
8 years$8,390$7,745$7,147$6,593$6,080$5,815
9 years$7,382$6,744$6,156$5,616$5,121$4,866
10 years$6,576$5,944$5,367$4,841$4,363$4,119
11 years$5,918$5,292$4,725$4,213$3,752$3,519
12 years$5,369$4,750$4,193$3,696$3,252$3,029
13 years$4,905$4,292$3,746$3,263$2,836$2,623
14 years$4,508$3,902$3,366$2,896$2,486$2,283
15 years$4,164$3,564$3,039$2,583$2,189$1,996
16 years$3,863$3,270$2,756$2,313$1,934$1,751
17 years$3,598$3,012$2,507$2,078$1,715$1,541
18 years$3,363$2,783$2,289$1,873$1,525$1,360
19 years$3,153$2,579$2,095$1,692$1,359$1,203
20 years$2,964$2,397$1,923$1,533$1,214$1,066
21 years$2,793$2,232$1,769$1,391$1,086$946
22 years$2,638$2,084$1,630$1,265$974$841
23 years$2,496$1,949$1,505$1,152$874$749
24 years$2,367$1,826$1,392$1,050$786$668
25 years$2,248$1,714$1,289$959$707$596
26 years$2,139$1,611$1,196$877$637$532
27 years$2,037$1,516$1,110$803$574$476
28 years$1,943$1,428$1,032$736$518$426
29 years$1,856$1,347$961$675$468$381
30 years$1,775$1,272$895$619$423$341
31 years$1,699$1,203$834$569$382$306
32 years$1,628$1,138$778$523$346$274
33 years$1,562$1,078$727$481$313$246
34 years$1,499$1,022$679$442$283$221
35 years$1,440$969$635$407$257$198
36 years$1,385$920$594$375$232$178
37 years$1,333$874$556$345$211$160
38 years$1,283$830$521$318$191$143
39 years$1,236$789$488$294$173$129
40 years$1,192$751$457$271$157$116
41 years$1,150$715$429$250$143$104
42 years$1,110$681$402$231$129$93
43 years$1,072$649$377$213$117$84
44 years$1,036$618$354$196$107$76
45 years$1,002$590$333$181$97$68
46 years$969$563$312$168$88$61
47 years$937$537$293$155$80$55
48 years$907$512$276$143$72$49
49 years$879$489$259$132$66$44
50 years$851$467$244$122$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $872,000, adding $4,110 every year, while hoping to spend $57,001 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: 50/31/19 Blend
54$872,000$872,000$872,000$872,000
55$965,183$918,967$905,451$1,008,147
56$1,002,984$903,348$875,135$1,022,650
57$1,042,729$885,053$841,893$1,032,211
58$1,084,558$863,891$805,567$1,041,387
59$1,128,620$839,660$765,991$1,050,162
60$1,175,080$812,144$722,993$1,058,522
61$1,224,117$781,117$676,391$1,066,458
62$1,275,924$746,339$625,998$1,073,960
63$1,330,714$707,556$571,615$1,081,026
64$1,388,719$664,498$513,037$1,087,655
65$1,450,193$616,883$450,047$1,093,851
66$1,515,411$564,409$382,422$1,099,626
67$1,584,676$506,758$309,927$1,104,998
68$1,658,320$443,596$232,316$1,109,990
69$1,736,703$374,566$149,333$1,114,638
70$1,820,222$299,295$60,711$1,118,984
71$1,909,311$217,387$0$1,123,086
72$2,004,444$128,423$0$1,133,877
73$2,106,144$31,962$0$1,158,157
74$2,214,980$0$0$1,183,767
75$2,331,579$0$0$1,235,611
76$2,456,627$0$0$1,302,966
77$2,590,877$0$0$1,375,343
78$2,735,157$0$0$1,453,196
79$2,890,373$0$0$1,537,023
80$3,057,523$0$0$1,627,372
81$3,237,701$0$0$1,724,845
82$3,432,109$0$0$1,830,101
83$3,642,067$0$0$1,943,866
84$3,869,027$0$0$2,066,940
85$4,114,585$0$0$2,200,198
86$4,380,493$0$0$2,344,605
87$4,668,680$0$0$2,501,221
88$4,981,266$0$0$2,671,212
89$5,320,581$0$0$2,855,860
90$5,689,189$0$0$3,056,577
91$6,089,912$0$0$3,274,913
92$6,525,853$0$0$3,512,576
93$7,000,424$0$0$3,771,445
94$7,517,383$0$0$4,053,587
95$8,080,864$0$0$4,361,278
96$8,695,416$0$0$4,697,021
97$9,366,047$0$0$5,063,572
98$10,098,269$0$0$5,463,967
99$10,898,149$0$0$5,901,546
100$11,772,368$0$0$6,379,985