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%17.5%
1 years$72,257$71,613$70,985$70,372$69,774$67,649
2 years$35,771$35,104$34,459$33,833$33,226$31,103
3 years$23,610$22,941$22,297$21,677$21,080$19,026
4 years$17,531$16,864$16,227$15,617$15,034$13,065
5 years$13,885$13,222$12,593$11,995$11,429$9,550
6 years$11,455$10,797$10,177$9,593$9,043$7,256
7 years$9,719$9,067$8,457$7,887$7,355$5,658
8 years$8,419$7,772$7,172$6,616$6,101$4,496
9 years$7,407$6,767$6,177$5,635$5,138$3,621
10 years$6,599$5,965$5,385$4,858$4,378$2,948
11 years$5,938$5,310$4,741$4,228$3,765$2,419
12 years$5,387$4,766$4,208$3,708$3,263$1,998
13 years$4,922$4,307$3,759$3,274$2,845$1,659
14 years$4,523$3,915$3,378$2,906$2,494$1,383
15 years$4,178$3,576$3,050$2,592$2,196$1,157
16 years$3,877$3,281$2,765$2,321$1,941$970
17 years$3,611$3,022$2,516$2,085$1,721$816
18 years$3,375$2,792$2,297$1,879$1,530$687
19 years$3,164$2,588$2,103$1,698$1,364$580
20 years$2,974$2,405$1,930$1,538$1,218$490
21 years$2,802$2,240$1,775$1,396$1,090$414
22 years$2,647$2,091$1,636$1,269$977$351
23 years$2,505$1,956$1,510$1,156$877$297
24 years$2,375$1,832$1,397$1,054$788$252
25 years$2,256$1,720$1,294$963$709$214
26 years$2,146$1,616$1,200$880$639$182
27 years$2,044$1,521$1,114$806$576$154
28 years$1,950$1,433$1,036$738$520$131
29 years$1,863$1,352$964$677$469$111
30 years$1,781$1,277$898$621$424$95
31 years$1,705$1,207$837$571$383$80
32 years$1,634$1,142$781$524$347$68
33 years$1,567$1,082$729$482$314$58
34 years$1,504$1,025$681$444$284$49
35 years$1,445$972$637$408$257$42
36 years$1,390$923$596$376$233$36
37 years$1,337$877$558$347$211$30
38 years$1,288$833$522$319$192$26
39 years$1,241$792$489$295$174$22
40 years$1,196$754$459$272$158$19
41 years$1,154$717$430$251$143$16
42 years$1,114$683$403$231$130$14
43 years$1,076$651$379$214$118$12
44 years$1,040$620$355$197$107$10
45 years$1,005$592$334$182$97$8
46 years$972$564$313$168$88$7
47 years$941$539$294$155$80$6
48 years$911$514$277$144$73$5
49 years$882$491$260$133$66$4
50 years$854$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 $875,000, adding $4,507 every year, while hoping to spend $29,367 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: 56/14/30 Blend
54$875,000$875,000$875,000$875,000
55$968,899$922,524$908,961$1,014,888
56$1,036,480$936,481$908,165$1,061,054
57$1,109,971$950,138$906,358$1,107,925
58$1,189,942$963,449$903,476$1,158,413
59$1,277,023$976,365$899,449$1,212,879
60$1,371,906$988,834$894,207$1,271,719
61$1,475,353$1,000,799$887,676$1,335,372
62$1,588,202$1,012,202$879,776$1,404,324
63$1,711,377$1,022,977$870,426$1,479,109
64$1,845,892$1,033,058$859,540$1,560,317
65$1,992,866$1,042,371$847,028$1,648,599
66$2,153,530$1,050,839$832,795$1,744,675
67$2,329,240$1,058,380$816,744$1,849,340
68$2,521,488$1,064,906$798,770$1,963,468
69$2,731,918$1,070,324$778,767$2,088,027
70$2,962,338$1,074,534$756,620$2,224,085
71$3,214,741$1,077,432$732,212$2,372,818
72$3,491,323$1,078,904$705,418$2,535,527
73$3,794,499$1,078,831$676,111$2,713,645
74$4,126,931$1,077,087$644,154$2,908,755
75$4,491,551$1,073,538$609,407$3,122,602
76$4,891,589$1,068,040$571,721$3,357,113
77$5,330,600$1,060,443$530,943$3,614,412
78$5,812,502$1,050,586$486,910$3,896,843
79$6,341,611$1,038,299$439,456$4,206,993
80$6,922,680$1,023,400$388,403$4,547,715
81$7,560,947$1,005,700$333,568$4,922,154
82$8,262,180$984,996$274,758$5,333,782
83$9,032,734$961,072$211,774$5,786,428
84$9,879,610$933,702$144,406$6,284,314
85$10,810,523$902,646$72,436$6,832,097
86$11,833,969$867,648$0$7,434,913
87$12,959,310$828,440$0$8,099,826
88$14,196,863$784,736$0$8,856,518
89$15,557,990$736,236$0$9,688,748
90$17,055,213$682,620$0$10,604,194
91$18,702,328$623,551$0$11,611,320
92$20,514,535$558,674$0$12,719,453
93$22,508,580$487,612$0$13,938,872
94$24,702,917$409,967$0$15,280,907
95$27,117,878$325,319$0$16,758,041
96$29,775,866$233,223$0$18,384,035
97$32,701,565$133,213$0$20,174,052
98$35,922,176$24,791$0$22,144,803
99$39,467,667$0$0$24,314,708
100$43,371,065$0$0$26,718,323