Can I retire at age 55 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$72,257$71,613$70,985$70,372$69,774$68,198
2 years$35,771$35,104$34,459$33,833$33,226$31,646
3 years$23,610$22,941$22,297$21,677$21,080$19,546
4 years$17,531$16,864$16,227$15,617$15,034$13,559
5 years$13,885$13,222$12,593$11,995$11,429$10,015
6 years$11,455$10,797$10,177$9,593$9,043$7,693
7 years$9,719$9,067$8,457$7,887$7,355$6,068
8 years$8,419$7,772$7,172$6,616$6,101$4,878
9 years$7,407$6,767$6,177$5,635$5,138$3,977
10 years$6,599$5,965$5,385$4,858$4,378$3,278
11 years$5,938$5,310$4,741$4,228$3,765$2,725
12 years$5,387$4,766$4,208$3,708$3,263$2,280
13 years$4,922$4,307$3,759$3,274$2,845$1,919
14 years$4,523$3,915$3,378$2,906$2,494$1,622
15 years$4,178$3,576$3,050$2,592$2,196$1,376
16 years$3,877$3,281$2,765$2,321$1,941$1,171
17 years$3,611$3,022$2,516$2,085$1,721$999
18 years$3,375$2,792$2,297$1,879$1,530$854
19 years$3,164$2,588$2,103$1,698$1,364$731
20 years$2,974$2,405$1,930$1,538$1,218$627
21 years$2,802$2,240$1,775$1,396$1,090$539
22 years$2,647$2,091$1,636$1,269$977$463
23 years$2,505$1,956$1,510$1,156$877$399
24 years$2,375$1,832$1,397$1,054$788$344
25 years$2,256$1,720$1,294$963$709$296
26 years$2,146$1,616$1,200$880$639$255
27 years$2,044$1,521$1,114$806$576$220
28 years$1,950$1,433$1,036$738$520$190
29 years$1,863$1,352$964$677$469$164
30 years$1,781$1,277$898$621$424$142
31 years$1,705$1,207$837$571$383$123
32 years$1,634$1,142$781$524$347$106
33 years$1,567$1,082$729$482$314$92
34 years$1,504$1,025$681$444$284$79
35 years$1,445$972$637$408$257$69
36 years$1,390$923$596$376$233$59
37 years$1,337$877$558$347$211$51
38 years$1,288$833$522$319$192$44
39 years$1,241$792$489$295$174$38
40 years$1,196$754$459$272$158$33
41 years$1,154$717$430$251$143$29
42 years$1,114$683$403$231$130$25
43 years$1,076$651$379$214$118$22
44 years$1,040$620$355$197$107$19
45 years$1,005$592$334$182$97$16
46 years$972$564$313$168$88$14
47 years$941$539$294$155$80$12
48 years$911$514$277$144$73$10
49 years$882$491$260$133$66$9
50 years$854$469$244$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $875,000, adding $3,941 every year, while hoping to spend $53,605 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: 49/31/20 Blend
54$875,000$875,000$875,000$875,000
55$968,315$921,940$908,378$1,010,146
56$1,010,048$910,080$881,773$1,027,716
57$1,054,241$895,842$852,480$1,041,024
58$1,101,088$879,053$820,353$1,054,353
59$1,150,803$859,530$785,239$1,067,729
60$1,203,616$837,078$746,976$1,081,179
61$1,259,783$811,493$705,397$1,094,739
62$1,319,580$782,556$660,327$1,108,453
63$1,383,313$750,036$611,584$1,122,373
64$1,451,314$713,691$558,975$1,136,559
65$1,523,949$673,263$502,302$1,151,085
66$1,601,617$628,479$441,354$1,166,034
67$1,684,758$579,050$375,916$1,181,504
68$1,773,852$524,672$305,758$1,197,610
69$1,869,427$465,023$230,642$1,214,483
70$1,972,062$399,763$150,322$1,232,272
71$2,082,392$328,531$64,538$1,251,152
72$2,201,115$250,948$0$1,271,320
73$2,328,997$166,612$0$1,298,764
74$2,466,879$75,101$0$1,343,048
75$2,615,685$0$0$1,390,739
76$2,776,430$0$0$1,450,430
77$2,950,231$0$0$1,542,742
78$3,138,314$0$0$1,642,717
79$3,342,026$0$0$1,751,083
80$3,562,851$0$0$1,868,637
81$3,802,418$0$0$1,996,259
82$4,062,519$0$0$2,134,914
83$4,345,127$0$0$2,285,665
84$4,652,411$0$0$2,449,683
85$4,986,755$0$0$2,628,253
86$5,350,787$0$0$2,822,791
87$5,747,394$0$0$3,034,855
88$6,179,757$0$0$3,266,161
89$6,651,373$0$0$3,518,595
90$7,166,095$0$0$3,794,234
91$7,728,161$0$0$4,095,366
92$8,342,238$0$0$4,424,508
93$9,013,464$0$0$4,784,433
94$9,747,495$0$0$5,178,191
95$10,550,559$0$0$5,609,144
96$11,429,513$0$0$6,080,991
97$12,391,909$0$0$6,597,808
98$13,446,061$0$0$7,164,082
99$14,601,128$0$0$7,784,754
100$15,867,193$0$0$8,465,268