Can I retire at age 55 with 872,000?

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 $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%17.2%
1 years$72,009$71,368$70,742$70,131$69,535$67,498
2 years$35,648$34,984$34,341$33,717$33,112$31,076
3 years$23,529$22,862$22,221$21,603$21,007$19,037
4 years$17,471$16,806$16,171$15,564$14,983$13,093
5 years$13,837$13,176$12,549$11,954$11,390$9,585
6 years$11,415$10,760$10,142$9,560$9,012$7,294
7 years$9,686$9,036$8,428$7,860$7,329$5,698
8 years$8,390$7,745$7,147$6,593$6,080$4,535
9 years$7,382$6,744$6,156$5,616$5,121$3,660
10 years$6,576$5,944$5,367$4,841$4,363$2,985
11 years$5,918$5,292$4,725$4,213$3,752$2,454
12 years$5,369$4,750$4,193$3,696$3,252$2,031
13 years$4,905$4,292$3,746$3,263$2,836$1,690
14 years$4,508$3,902$3,366$2,896$2,486$1,411
15 years$4,164$3,564$3,039$2,583$2,189$1,183
16 years$3,863$3,270$2,756$2,313$1,934$995
17 years$3,598$3,012$2,507$2,078$1,715$838
18 years$3,363$2,783$2,289$1,873$1,525$708
19 years$3,153$2,579$2,095$1,692$1,359$598
20 years$2,964$2,397$1,923$1,533$1,214$507
21 years$2,793$2,232$1,769$1,391$1,086$430
22 years$2,638$2,084$1,630$1,265$974$365
23 years$2,496$1,949$1,505$1,152$874$310
24 years$2,367$1,826$1,392$1,050$786$263
25 years$2,248$1,714$1,289$959$707$224
26 years$2,139$1,611$1,196$877$637$190
27 years$2,037$1,516$1,110$803$574$162
28 years$1,943$1,428$1,032$736$518$138
29 years$1,856$1,347$961$675$468$118
30 years$1,775$1,272$895$619$423$100
31 years$1,699$1,203$834$569$382$85
32 years$1,628$1,138$778$523$346$73
33 years$1,562$1,078$727$481$313$62
34 years$1,499$1,022$679$442$283$53
35 years$1,440$969$635$407$257$45
36 years$1,385$920$594$375$232$38
37 years$1,333$874$556$345$211$33
38 years$1,283$830$521$318$191$28
39 years$1,236$789$488$294$173$24
40 years$1,192$751$457$271$157$20
41 years$1,150$715$429$250$143$17
42 years$1,110$681$402$231$129$15
43 years$1,072$649$377$213$117$13
44 years$1,036$618$354$196$107$11
45 years$1,002$590$333$181$97$9
46 years$969$563$312$168$88$8
47 years$937$537$293$155$80$7
48 years$907$512$276$143$72$6
49 years$879$489$259$132$66$5
50 years$851$467$244$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $872,000, adding $6,858 every year, while hoping to spend $42,532 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: 63/27/10 Blend
54$872,000$872,000$872,000$872,000
55$968,018$921,802$908,286$1,026,438
56$1,021,502$921,717$893,460$1,066,243
57$1,079,016$920,202$876,712$1,104,128
58$1,140,926$917,142$857,932$1,144,421
59$1,207,634$912,415$837,006$1,187,355
60$1,279,582$905,893$813,815$1,233,188
61$1,357,255$897,437$788,233$1,282,205
62$1,441,186$886,902$760,130$1,334,721
63$1,531,961$874,134$729,368$1,391,086
64$1,630,223$858,970$695,805$1,451,685
65$1,736,682$841,235$659,290$1,516,945
66$1,852,115$820,747$619,667$1,587,340
67$1,977,378$797,311$576,774$1,663,392
68$2,113,413$770,721$530,438$1,745,678
69$2,261,255$740,761$480,482$1,834,837
70$2,422,044$707,199$426,719$1,931,577
71$2,597,032$669,792$368,954$2,036,678
72$2,787,600$628,282$306,984$2,151,003
73$2,995,264$582,397$240,597$2,275,508
74$3,221,695$531,848$169,571$2,411,248
75$3,468,731$476,331$93,674$2,559,388
76$3,738,394$415,525$12,665$2,721,218
77$4,032,913$349,088$0$2,898,161
78$4,354,738$276,661$0$3,099,664
79$4,706,569$197,865$0$3,321,545
80$5,091,378$112,300$0$3,564,402
81$5,512,437$19,540$0$3,830,387
82$5,973,348$0$0$4,121,873
83$6,478,080$0$0$4,465,507
84$7,031,001$0$0$4,848,371
85$7,636,922$0$0$5,267,999
86$8,301,144$0$0$5,728,070
87$9,029,502$0$0$6,232,635
88$9,828,424$0$0$6,786,155
89$10,704,991$0$0$7,393,544
90$11,667,000$0$0$8,060,216
91$12,723,043$0$0$8,792,133
92$13,882,581$0$0$9,595,863
93$15,156,038$0$0$10,478,643
94$16,554,897$0$0$11,448,442
95$18,091,807$0$0$12,514,041
96$19,780,705$0$0$13,685,114
97$21,636,940$0$0$14,972,317
98$23,677,428$0$0$16,387,392
99$25,920,802$0$0$17,943,273
100$28,387,590$0$0$19,654,212