Can I retire at age 55 with 873,000?

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 $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%11.6%
1 years$72,092$71,449$70,823$70,211$69,614$69,147
2 years$35,689$35,024$34,380$33,755$33,150$32,678
3 years$23,556$22,889$22,246$21,627$21,031$20,570
4 years$17,491$16,826$16,190$15,581$15,000$14,553
5 years$13,853$13,191$12,564$11,968$11,403$10,971
6 years$11,428$10,772$10,153$9,571$9,023$8,607
7 years$9,697$9,046$8,437$7,869$7,338$6,939
8 years$8,399$7,754$7,156$6,601$6,087$5,704
9 years$7,390$6,751$6,163$5,623$5,126$4,760
10 years$6,584$5,951$5,373$4,847$4,368$4,017
11 years$5,924$5,298$4,730$4,218$3,757$3,421
12 years$5,375$4,755$4,198$3,700$3,255$2,936
13 years$4,911$4,297$3,751$3,266$2,839$2,534
14 years$4,513$3,906$3,370$2,900$2,488$2,199
15 years$4,169$3,568$3,043$2,586$2,191$1,915
16 years$3,868$3,274$2,759$2,315$1,936$1,675
17 years$3,602$3,015$2,510$2,080$1,717$1,469
18 years$3,367$2,786$2,292$1,875$1,527$1,292
19 years$3,156$2,582$2,098$1,694$1,361$1,138
20 years$2,967$2,399$1,925$1,534$1,215$1,005
21 years$2,796$2,235$1,771$1,392$1,088$889
22 years$2,641$2,086$1,632$1,266$975$788
23 years$2,499$1,951$1,507$1,153$875$699
24 years$2,370$1,828$1,394$1,052$787$620
25 years$2,251$1,716$1,291$960$708$551
26 years$2,141$1,612$1,197$878$638$491
27 years$2,040$1,517$1,112$804$575$437
28 years$1,946$1,430$1,033$736$519$389
29 years$1,858$1,349$962$675$468$347
30 years$1,777$1,274$896$620$423$310
31 years$1,701$1,204$835$569$383$276
32 years$1,630$1,140$779$523$346$247
33 years$1,563$1,079$728$481$313$220
34 years$1,501$1,023$680$443$284$197
35 years$1,442$970$636$407$257$176
36 years$1,387$921$595$375$233$157
37 years$1,334$875$556$346$211$141
38 years$1,285$831$521$319$191$126
39 years$1,238$790$488$294$173$113
40 years$1,194$752$458$271$157$101
41 years$1,151$716$429$250$143$90
42 years$1,111$682$403$231$129$81
43 years$1,073$649$378$213$118$72
44 years$1,037$619$355$197$107$65
45 years$1,003$590$333$182$97$58
46 years$970$563$313$168$88$52
47 years$938$537$294$155$80$46
48 years$908$513$276$143$73$42
49 years$880$490$259$132$66$37
50 years$852$468$244$122$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $873,000, adding $5,628 every year, while hoping to spend $53,973 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: 43/40/17 Blend
54$873,000$873,000$873,000$873,000
55$967,851$921,582$908,051$1,004,460
56$1,009,145$909,313$881,044$1,018,508
57$1,052,842$894,633$851,323$1,027,958
58$1,099,130$877,369$818,740$1,037,052
59$1,148,215$857,333$783,142$1,045,783
60$1,200,322$834,331$744,365$1,054,147
61$1,255,695$808,154$702,242$1,062,143
62$1,314,604$778,581$656,595$1,069,775
63$1,377,342$745,381$607,240$1,077,052
64$1,444,233$708,306$553,984$1,083,991
65$1,515,627$667,096$496,626$1,090,613
66$1,591,913$621,475$434,954$1,096,950
67$1,673,513$571,153$368,750$1,103,040
68$1,760,893$515,820$297,784$1,108,936
69$1,854,560$455,151$221,816$1,114,699
70$1,955,074$388,803$140,596$1,120,405
71$2,063,047$316,410$53,862$1,126,148
72$2,179,154$237,590$0$1,132,038
73$2,304,133$151,937$0$1,145,223
74$2,438,794$59,022$0$1,169,720
75$2,584,030$0$0$1,195,980
76$2,740,818$0$0$1,242,582
77$2,910,236$0$0$1,321,092
78$3,093,464$0$0$1,406,091
79$3,291,803$0$0$1,498,193
80$3,506,680$0$0$1,598,073
81$3,739,668$0$0$1,706,472
82$3,992,492$0$0$1,824,209
83$4,267,053$0$0$1,952,181
84$4,565,439$0$0$2,091,375
85$4,889,950$0$0$2,242,880
86$5,243,115$0$0$2,407,891
87$5,627,716$0$0$2,587,725
88$6,046,815$0$0$2,783,830
89$6,503,781$0$0$2,997,800
90$7,002,325$0$0$3,231,391
91$7,546,527$0$0$3,486,535
92$8,140,881$0$0$3,765,358
93$8,790,335$0$0$4,070,201
94$9,500,335$0$0$4,403,643
95$10,276,876$0$0$4,768,522
96$11,126,561$0$0$5,167,964
97$12,056,659$0$0$5,605,409
98$13,075,176$0$0$6,084,649
99$14,190,926$0$0$6,609,857
100$15,413,619$0$0$7,185,631