Can I retire at age 55 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$72,174$71,531$70,904$70,292$69,694$67,141
2 years$35,730$35,064$34,419$33,794$33,188$30,644
3 years$23,583$22,915$22,272$21,652$21,056$18,601
4 years$17,511$16,845$16,208$15,599$15,017$12,671
5 years$13,869$13,207$12,578$11,982$11,416$9,184
6 years$11,441$10,784$10,165$9,582$9,033$6,917
7 years$9,708$9,057$8,447$7,878$7,346$5,345
8 years$8,409$7,763$7,164$6,608$6,094$4,207
9 years$7,399$6,759$6,170$5,629$5,132$3,356
10 years$6,591$5,958$5,379$4,852$4,373$2,704
11 years$5,931$5,304$4,736$4,223$3,761$2,196
12 years$5,381$4,761$4,203$3,704$3,259$1,795
13 years$4,916$4,302$3,755$3,270$2,842$1,474
14 years$4,518$3,911$3,374$2,903$2,491$1,215
15 years$4,174$3,572$3,046$2,589$2,194$1,005
16 years$3,872$3,278$2,762$2,318$1,939$833
17 years$3,607$3,019$2,513$2,083$1,719$692
18 years$3,371$2,789$2,294$1,877$1,528$576
19 years$3,160$2,585$2,100$1,696$1,362$480
20 years$2,970$2,402$1,927$1,536$1,217$401
21 years$2,799$2,238$1,773$1,394$1,089$335
22 years$2,644$2,089$1,634$1,268$976$280
23 years$2,502$1,953$1,509$1,154$876$234
24 years$2,372$1,830$1,395$1,053$788$196
25 years$2,253$1,718$1,292$962$709$164
26 years$2,144$1,614$1,199$879$638$138
27 years$2,042$1,519$1,113$805$576$115
28 years$1,948$1,432$1,035$737$519$97
29 years$1,861$1,351$963$676$469$81
30 years$1,779$1,275$897$620$424$68
31 years$1,703$1,206$836$570$383$57
32 years$1,632$1,141$780$524$346$48
33 years$1,565$1,080$728$482$314$40
34 years$1,503$1,024$681$443$284$34
35 years$1,444$971$636$408$257$28
36 years$1,388$922$595$376$233$24
37 years$1,336$876$557$346$211$20
38 years$1,286$832$522$319$191$17
39 years$1,239$791$489$294$174$14
40 years$1,195$753$458$271$157$12
41 years$1,153$717$430$250$143$10
42 years$1,113$682$403$231$130$8
43 years$1,075$650$378$213$118$7
44 years$1,038$620$355$197$107$6
45 years$1,004$591$333$182$97$5
46 years$971$564$313$168$88$4
47 years$940$538$294$155$80$3
48 years$910$514$276$143$73$3
49 years$881$490$260$133$66$2
50 years$853$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $874,000, adding $6,286 every year, while hoping to spend $52,825 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: 35/41/24 Blend
54$874,000$874,000$874,000$874,000
55$969,632$923,310$909,763$996,337
56$1,012,329$912,347$884,035$1,005,710
57$1,057,611$899,076$855,674$1,010,546
58$1,105,685$883,329$824,537$1,014,709
59$1,156,779$864,926$790,473$1,018,172
60$1,211,141$843,678$753,325$1,020,911
61$1,269,045$819,385$712,928$1,022,904
62$1,330,786$791,834$669,110$1,024,132
63$1,396,693$760,801$621,692$1,024,579
64$1,467,123$726,047$570,486$1,024,236
65$1,542,467$687,321$515,295$1,023,096
66$1,623,157$644,357$455,915$1,021,160
67$1,709,662$596,874$392,131$1,018,436
68$1,802,500$544,574$323,720$1,014,941
69$1,902,239$487,142$250,449$1,010,699
70$2,009,502$424,246$172,074$1,005,748
71$2,124,973$355,536$88,340$1,000,139
72$2,249,402$280,639$0$993,934
73$2,383,615$199,165$0$987,477
74$2,528,518$110,698$0$1,004,766
75$2,685,108$14,803$0$1,023,348
76$2,854,477$0$0$1,043,449
77$3,037,831$0$0$1,105,468
78$3,236,491$0$0$1,180,005
79$3,451,911$0$0$1,260,941
80$3,685,691$0$0$1,348,890
81$3,939,589$0$0$1,444,529
82$4,215,541$0$0$1,548,602
83$4,515,675$0$0$1,661,928
84$4,842,332$0$0$1,785,407
85$5,198,089$0$0$1,920,030
86$5,585,781$0$0$2,066,890
87$6,008,528$0$0$2,227,186
88$6,469,765$0$0$2,402,240
89$6,973,271$0$0$2,593,509
90$7,523,209$0$0$2,802,593
91$8,124,158$0$0$3,031,257
92$8,781,162$0$0$3,281,443
93$9,499,772$0$0$3,555,289
94$10,286,104$0$0$3,855,151
95$11,146,887$0$0$4,183,621
96$12,089,537$0$0$4,543,555
97$13,122,214$0$0$4,938,099
98$14,253,911$0$0$5,370,715
99$15,494,528$0$0$5,845,220
100$16,854,969$0$0$6,365,815