Can I retire at age 55 with 874,000?

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 $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%17%
1 years$72,174$71,531$70,904$70,292$69,694$67,707
2 years$35,730$35,064$34,419$33,794$33,188$31,202
3 years$23,583$22,915$22,272$21,652$21,056$19,132
4 years$17,511$16,845$16,208$15,599$15,017$13,171
5 years$13,869$13,207$12,578$11,982$11,416$9,653
6 years$11,441$10,784$10,165$9,582$9,033$7,354
7 years$9,708$9,057$8,447$7,878$7,346$5,752
8 years$8,409$7,763$7,164$6,608$6,094$4,583
9 years$7,399$6,759$6,170$5,629$5,132$3,703
10 years$6,591$5,958$5,379$4,852$4,373$3,024
11 years$5,931$5,304$4,736$4,223$3,761$2,489
12 years$5,381$4,761$4,203$3,704$3,259$2,063
13 years$4,916$4,302$3,755$3,270$2,842$1,718
14 years$4,518$3,911$3,374$2,903$2,491$1,437
15 years$4,174$3,572$3,046$2,589$2,194$1,207
16 years$3,872$3,278$2,762$2,318$1,939$1,016
17 years$3,607$3,019$2,513$2,083$1,719$857
18 years$3,371$2,789$2,294$1,877$1,528$725
19 years$3,160$2,585$2,100$1,696$1,362$614
20 years$2,970$2,402$1,927$1,536$1,217$521
21 years$2,799$2,238$1,773$1,394$1,089$442
22 years$2,644$2,089$1,634$1,268$976$376
23 years$2,502$1,953$1,509$1,154$876$320
24 years$2,372$1,830$1,395$1,053$788$272
25 years$2,253$1,718$1,292$962$709$232
26 years$2,144$1,614$1,199$879$638$198
27 years$2,042$1,519$1,113$805$576$168
28 years$1,948$1,432$1,035$737$519$144
29 years$1,861$1,351$963$676$469$123
30 years$1,779$1,275$897$620$424$105
31 years$1,703$1,206$836$570$383$89
32 years$1,632$1,141$780$524$346$76
33 years$1,565$1,080$728$482$314$65
34 years$1,503$1,024$681$443$284$56
35 years$1,444$971$636$408$257$47
36 years$1,388$922$595$376$233$41
37 years$1,336$876$557$346$211$35
38 years$1,286$832$522$319$191$30
39 years$1,239$791$489$294$174$25
40 years$1,195$753$458$271$157$22
41 years$1,153$717$430$250$143$18
42 years$1,113$682$403$231$130$16
43 years$1,075$650$378$213$118$13
44 years$1,038$620$355$197$107$12
45 years$1,004$591$333$182$97$10
46 years$971$564$313$168$88$8
47 years$940$538$294$155$80$7
48 years$910$514$276$143$73$6
49 years$881$490$260$133$66$5
50 years$853$469$244$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $874,000, adding $6,312 every year, while hoping to spend $37,806 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: 82/12/6 Blend
54$874,000$874,000$874,000$874,000
55$969,659$923,337$909,790$1,048,272
56$1,028,339$928,355$900,042$1,105,603
57$1,091,737$932,352$888,702$1,162,808
58$1,160,295$935,238$875,674$1,224,434
59$1,234,497$936,917$860,861$1,290,903
60$1,314,878$937,288$844,162$1,362,676
61$1,402,022$936,242$825,468$1,440,264
62$1,496,576$933,666$804,669$1,524,229
63$1,599,249$929,437$781,647$1,615,187
64$1,710,819$923,426$756,279$1,713,821
65$1,832,146$915,497$728,438$1,820,881
66$1,964,173$905,505$697,989$1,937,193
67$2,107,939$893,295$664,792$2,063,668
68$2,264,587$878,704$628,700$2,201,310
69$2,435,374$861,560$589,561$2,351,223
70$2,621,685$841,680$547,215$2,514,627
71$2,825,045$818,870$501,494$2,692,863
72$3,047,129$792,924$452,224$2,887,411
73$3,289,784$763,626$399,221$3,099,900
74$3,555,044$730,745$342,297$3,332,126
75$3,845,146$694,039$281,251$3,586,070
76$4,162,554$653,250$215,876$3,863,914
77$4,509,981$608,106$145,955$4,168,060
78$4,890,416$558,320$71,261$4,501,160
79$5,307,148$503,587$0$4,866,133
80$5,763,801$443,587$0$5,266,739
81$6,264,365$377,979$0$5,710,889
82$6,813,236$306,405$0$6,197,942
83$7,415,253$228,486$0$6,732,224
84$8,075,749$143,822$0$7,318,504
85$8,800,596$51,990$0$7,962,034
86$9,596,262$0$0$8,668,603
87$10,469,873$0$0$9,450,859
88$11,429,279$0$0$10,317,497
89$12,483,126$0$0$11,269,466
90$13,640,939$0$0$12,315,372
91$14,913,212$0$0$13,464,698
92$16,311,505$0$0$14,727,890
93$17,848,554$0$0$16,116,456
94$19,538,390$0$0$17,643,075
95$21,396,472$0$0$19,321,716
96$23,439,831$0$0$21,167,767
97$25,687,232$0$0$23,198,186
98$28,159,348$0$0$25,431,654
99$30,878,959$0$0$27,888,754
100$33,871,161$0$0$30,592,164