Can I retire at age 55 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$72,092$71,449$70,823$70,211$69,614$66,985
2 years$35,689$35,024$34,380$33,755$33,150$30,531
3 years$23,556$22,889$22,246$21,627$21,031$18,506
4 years$17,491$16,826$16,190$15,581$15,000$12,587
5 years$13,853$13,191$12,564$11,968$11,403$9,108
6 years$11,428$10,772$10,153$9,571$9,023$6,848
7 years$9,697$9,046$8,437$7,869$7,338$5,283
8 years$8,399$7,754$7,156$6,601$6,087$4,151
9 years$7,390$6,751$6,163$5,623$5,126$3,305
10 years$6,584$5,951$5,373$4,847$4,368$2,658
11 years$5,924$5,298$4,730$4,218$3,757$2,155
12 years$5,375$4,755$4,198$3,700$3,255$1,757
13 years$4,911$4,297$3,751$3,266$2,839$1,440
14 years$4,513$3,906$3,370$2,900$2,488$1,185
15 years$4,169$3,568$3,043$2,586$2,191$978
16 years$3,868$3,274$2,759$2,315$1,936$809
17 years$3,602$3,015$2,510$2,080$1,717$671
18 years$3,367$2,786$2,292$1,875$1,527$557
19 years$3,156$2,582$2,098$1,694$1,361$463
20 years$2,967$2,399$1,925$1,534$1,215$386
21 years$2,796$2,235$1,771$1,392$1,088$322
22 years$2,641$2,086$1,632$1,266$975$268
23 years$2,499$1,951$1,507$1,153$875$224
24 years$2,370$1,828$1,394$1,052$787$187
25 years$2,251$1,716$1,291$960$708$156
26 years$2,141$1,612$1,197$878$638$131
27 years$2,040$1,517$1,112$804$575$109
28 years$1,946$1,430$1,033$736$519$91
29 years$1,858$1,349$962$675$468$76
30 years$1,777$1,274$896$620$423$64
31 years$1,701$1,204$835$569$383$54
32 years$1,630$1,140$779$523$346$45
33 years$1,563$1,079$728$481$313$37
34 years$1,501$1,023$680$443$284$31
35 years$1,442$970$636$407$257$26
36 years$1,387$921$595$375$233$22
37 years$1,334$875$556$346$211$18
38 years$1,285$831$521$319$191$15
39 years$1,238$790$488$294$173$13
40 years$1,194$752$458$271$157$11
41 years$1,151$716$429$250$143$9
42 years$1,111$682$403$231$129$8
43 years$1,073$649$378$213$118$6
44 years$1,037$619$355$197$107$5
45 years$1,003$590$333$182$97$4
46 years$970$563$313$168$88$4
47 years$938$537$294$155$80$3
48 years$908$513$276$143$73$3
49 years$880$490$259$132$66$2
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $873,000, adding $5,555 every year, while hoping to spend $50,763 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: 46/45/9 Blend
54$873,000$873,000$873,000$873,000
55$967,776$921,507$907,975$1,009,625
56$1,012,478$912,649$884,381$1,030,210
57$1,060,038$901,656$858,295$1,046,826
58$1,110,694$888,370$829,580$1,063,688
59$1,164,706$872,622$798,093$1,080,836
60$1,222,361$854,235$763,684$1,098,317
61$1,283,971$833,021$726,196$1,116,186
62$1,349,878$808,781$685,466$1,134,507
63$1,420,458$781,304$641,321$1,153,356
64$1,496,123$750,367$593,584$1,172,821
65$1,577,326$715,733$542,068$1,193,000
66$1,664,563$677,153$486,576$1,214,011
67$1,758,377$634,363$426,906$1,235,985
68$1,859,368$587,083$362,843$1,259,074
69$1,968,191$535,017$294,166$1,283,451
70$2,085,567$477,854$220,642$1,309,312
71$2,212,290$415,264$142,028$1,336,881
72$2,349,229$346,898$58,072$1,366,412
73$2,497,342$272,387$0$1,398,191
74$2,657,680$191,343$0$1,435,569
75$2,831,398$103,354$0$1,482,033
76$3,019,769$7,987$0$1,532,439
77$3,224,191$0$0$1,587,281
78$3,446,200$0$0$1,694,258
79$3,687,487$0$0$1,814,912
80$3,949,915$0$0$1,946,229
81$4,235,528$0$0$2,089,246
82$4,546,580$0$0$2,245,103
83$4,885,548$0$0$2,415,054
84$5,255,160$0$0$2,600,480
85$5,658,418$0$0$2,802,900
86$6,098,627$0$0$3,023,989
87$6,579,423$0$0$3,265,586
88$7,104,810$0$0$3,529,722
89$7,679,196$0$0$3,818,626
90$8,307,436$0$0$4,134,759
91$8,994,872$0$0$4,480,826
92$9,747,389$0$0$4,859,808
93$10,571,467$0$0$5,274,988
94$11,474,241$0$0$5,729,979
95$12,463,569$0$0$6,228,763
96$13,548,105$0$0$6,775,724
97$14,737,382$0$0$7,375,691
98$16,041,897$0$0$8,033,984
99$17,473,213$0$0$8,756,461
100$19,044,068$0$0$9,549,575