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%11.9%
1 years$72,009$71,368$70,742$70,131$69,535$68,981
2 years$35,648$34,984$34,341$33,717$33,112$32,553
3 years$23,529$22,862$22,221$21,603$21,007$20,462
4 years$17,471$16,806$16,171$15,564$14,983$14,454
5 years$13,837$13,176$12,549$11,954$11,390$10,880
6 years$11,415$10,760$10,142$9,560$9,012$8,522
7 years$9,686$9,036$8,428$7,860$7,329$6,858
8 years$8,390$7,745$7,147$6,593$6,080$5,629
9 years$7,382$6,744$6,156$5,616$5,121$4,688
10 years$6,576$5,944$5,367$4,841$4,363$3,950
11 years$5,918$5,292$4,725$4,213$3,752$3,358
12 years$5,369$4,750$4,193$3,696$3,252$2,876
13 years$4,905$4,292$3,746$3,263$2,836$2,478
14 years$4,508$3,902$3,366$2,896$2,486$2,145
15 years$4,164$3,564$3,039$2,583$2,189$1,865
16 years$3,863$3,270$2,756$2,313$1,934$1,628
17 years$3,598$3,012$2,507$2,078$1,715$1,424
18 years$3,363$2,783$2,289$1,873$1,525$1,250
19 years$3,153$2,579$2,095$1,692$1,359$1,099
20 years$2,964$2,397$1,923$1,533$1,214$969
21 years$2,793$2,232$1,769$1,391$1,086$855
22 years$2,638$2,084$1,630$1,265$974$756
23 years$2,496$1,949$1,505$1,152$874$669
24 years$2,367$1,826$1,392$1,050$786$592
25 years$2,248$1,714$1,289$959$707$525
26 years$2,139$1,611$1,196$877$637$466
27 years$2,037$1,516$1,110$803$574$414
28 years$1,943$1,428$1,032$736$518$368
29 years$1,856$1,347$961$675$468$327
30 years$1,775$1,272$895$619$423$291
31 years$1,699$1,203$834$569$382$259
32 years$1,628$1,138$778$523$346$231
33 years$1,562$1,078$727$481$313$206
34 years$1,499$1,022$679$442$283$184
35 years$1,440$969$635$407$257$164
36 years$1,385$920$594$375$232$146
37 years$1,333$874$556$345$211$130
38 years$1,283$830$521$318$191$116
39 years$1,236$789$488$294$173$104
40 years$1,192$751$457$271$157$92
41 years$1,150$715$429$250$143$83
42 years$1,110$681$402$231$129$74
43 years$1,072$649$377$213$117$66
44 years$1,036$618$354$196$107$59
45 years$1,002$590$333$181$97$52
46 years$969$563$312$168$88$47
47 years$937$537$293$155$80$42
48 years$907$512$276$143$72$37
49 years$879$489$259$132$66$33
50 years$851$467$244$122$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $872,000, adding $6,424 every year, while hoping to spend $59,560 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: 51/41/8 Blend
54$872,000$872,000$872,000$872,000
55$967,570$921,354$907,838$1,014,624
56$1,002,891$903,129$874,880$1,029,146
57$1,039,818$882,015$838,820$1,037,987
58$1,078,453$857,807$799,494$1,046,192
59$1,118,905$830,289$756,727$1,053,714
60$1,161,292$799,232$710,336$1,060,507
61$1,205,742$764,393$660,131$1,066,523
62$1,252,396$725,516$605,913$1,071,714
63$1,301,403$682,329$547,474$1,076,032
64$1,352,929$634,546$484,597$1,079,426
65$1,407,153$581,864$417,056$1,081,850
66$1,464,268$523,961$344,613$1,083,254
67$1,524,487$460,499$267,021$1,083,592
68$1,588,041$391,119$184,022$1,082,818
69$1,655,180$315,444$95,347$1,080,890
70$1,726,181$233,072$713$1,077,766
71$1,801,342$143,584$0$1,073,409
72$1,880,991$46,531$0$1,076,346
73$1,965,485$0$0$1,078,611
74$2,055,216$0$0$1,106,567
75$2,150,610$0$0$1,158,652
76$2,252,137$0$0$1,214,136
77$2,360,307$0$0$1,273,304
78$2,475,682$0$0$1,336,470
79$2,598,875$0$0$1,403,978
80$2,730,561$0$0$1,476,203
81$2,871,476$0$0$1,553,560
82$3,022,431$0$0$1,636,501
83$3,184,311$0$0$1,725,523
84$3,358,092$0$0$1,821,172
85$3,544,841$0$0$1,924,045
86$3,745,732$0$0$2,034,800
87$3,962,052$0$0$2,154,160
88$4,195,216$0$0$2,282,916
89$4,446,777$0$0$2,421,939
90$4,718,442$0$0$2,572,188
91$5,012,087$0$0$2,734,713
92$5,329,774$0$0$2,910,670
93$5,673,767$0$0$3,101,331
94$6,046,560$0$0$3,308,093
95$6,450,890$0$0$3,532,494
96$6,889,770$0$0$3,776,223
97$7,366,515$0$0$4,041,140
98$7,884,768$0$0$4,329,290
99$8,448,539$0$0$4,642,925
100$9,062,240$0$0$4,984,519