Can I retire at age 55 with 875,000?

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 $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%16.7%
1 years$72,257$71,613$70,985$70,372$69,774$67,867
2 years$35,771$35,104$34,459$33,833$33,226$31,318
3 years$23,610$22,941$22,297$21,677$21,080$19,232
4 years$17,531$16,864$16,227$15,617$15,034$13,260
5 years$13,885$13,222$12,593$11,995$11,429$9,733
6 years$11,455$10,797$10,177$9,593$9,043$7,427
7 years$9,719$9,067$8,457$7,887$7,355$5,819
8 years$8,419$7,772$7,172$6,616$6,101$4,645
9 years$7,407$6,767$6,177$5,635$5,138$3,760
10 years$6,599$5,965$5,385$4,858$4,378$3,076
11 years$5,938$5,310$4,741$4,228$3,765$2,537
12 years$5,387$4,766$4,208$3,708$3,263$2,106
13 years$4,922$4,307$3,759$3,274$2,845$1,758
14 years$4,523$3,915$3,378$2,906$2,494$1,474
15 years$4,178$3,576$3,050$2,592$2,196$1,240
16 years$3,877$3,281$2,765$2,321$1,941$1,046
17 years$3,611$3,022$2,516$2,085$1,721$885
18 years$3,375$2,792$2,297$1,879$1,530$750
19 years$3,164$2,588$2,103$1,698$1,364$636
20 years$2,974$2,405$1,930$1,538$1,218$541
21 years$2,802$2,240$1,775$1,396$1,090$460
22 years$2,647$2,091$1,636$1,269$977$392
23 years$2,505$1,956$1,510$1,156$877$334
24 years$2,375$1,832$1,397$1,054$788$285
25 years$2,256$1,720$1,294$963$709$244
26 years$2,146$1,616$1,200$880$639$208
27 years$2,044$1,521$1,114$806$576$178
28 years$1,950$1,433$1,036$738$520$152
29 years$1,863$1,352$964$677$469$130
30 years$1,781$1,277$898$621$424$111
31 years$1,705$1,207$837$571$383$95
32 years$1,634$1,142$781$524$347$82
33 years$1,567$1,082$729$482$314$70
34 years$1,504$1,025$681$444$284$60
35 years$1,445$972$637$408$257$51
36 years$1,390$923$596$376$233$44
37 years$1,337$877$558$347$211$38
38 years$1,288$833$522$319$192$32
39 years$1,241$792$489$295$174$28
40 years$1,196$754$459$272$158$24
41 years$1,154$717$430$251$143$20
42 years$1,114$683$403$231$130$17
43 years$1,076$651$379$214$118$15
44 years$1,040$620$355$197$107$13
45 years$1,005$592$334$182$97$11
46 years$972$564$313$168$88$9
47 years$941$539$294$155$80$8
48 years$911$514$277$144$73$7
49 years$882$491$260$133$66$6
50 years$854$469$244$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $875,000, adding $4,215 every year, while hoping to spend $46,191 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: 59/28/13 Blend
54$875,000$875,000$875,000$875,000
55$968,598$922,223$908,660$1,022,381
56$1,018,248$918,265$889,954$1,055,173
57$1,071,414$912,565$869,072$1,085,382
58$1,128,407$904,989$845,894$1,117,223
59$1,189,565$895,394$820,292$1,150,858
60$1,255,262$883,630$792,134$1,186,467
61$1,325,908$869,537$761,280$1,224,252
62$1,401,952$852,946$727,584$1,264,436
63$1,483,888$833,677$690,895$1,307,266
64$1,572,258$811,540$651,053$1,353,018
65$1,667,657$786,335$607,892$1,401,998
66$1,770,741$757,848$561,239$1,454,545
67$1,882,228$725,854$510,912$1,511,038
68$2,002,909$690,115$456,722$1,571,895
69$2,133,654$650,378$398,470$1,637,580
70$2,275,417$606,377$335,949$1,708,610
71$2,429,251$557,831$268,944$1,785,555
72$2,596,310$504,440$197,230$1,869,049
73$2,777,867$445,891$120,570$1,959,796
74$2,975,320$381,850$38,719$2,058,574
75$3,190,207$311,965$0$2,166,245
76$3,424,222$235,865$0$2,290,512
77$3,679,228$153,158$0$2,431,857
78$3,957,275$63,428$0$2,586,116
79$4,260,620$0$0$2,754,627
80$4,591,746$0$0$2,949,270
81$4,953,389$0$0$3,183,263
82$5,348,558$0$0$3,439,018
83$5,780,567$0$0$3,718,689
84$6,253,064$0$0$4,024,646
85$6,770,066$0$0$4,359,500
86$7,335,997$0$0$4,726,125
87$7,955,727$0$0$5,127,689
88$8,634,622$0$0$5,567,676
89$9,378,586$0$0$6,049,925
90$10,194,127$0$0$6,578,667
91$11,088,409$0$0$7,158,557
92$12,069,324$0$0$7,794,724
93$13,145,565$0$0$8,492,820
94$14,326,704$0$0$9,259,068
95$15,623,289$0$0$10,100,321
96$17,046,937$0$0$11,024,133
97$18,610,444$0$0$12,038,821
98$20,327,907$0$0$13,153,550
99$22,214,856$0$0$14,378,414
100$24,288,399$0$0$15,724,536