Can I retire at age 55 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$72,422$71,777$71,147$70,533$69,933$67,722
2 years$35,852$35,185$34,538$33,910$33,302$31,094
3 years$23,664$22,994$22,348$21,727$21,128$18,993
4 years$17,571$16,903$16,264$15,653$15,069$13,022
5 years$13,916$13,252$12,621$12,023$11,455$9,503
6 years$11,481$10,821$10,200$9,615$9,064$7,209
7 years$9,742$9,088$8,476$7,905$7,371$5,612
8 years$8,438$7,790$7,188$6,631$6,115$4,451
9 years$7,424$6,782$6,191$5,648$5,150$3,579
10 years$6,614$5,978$5,398$4,869$4,388$2,908
11 years$5,951$5,322$4,752$4,237$3,774$2,381
12 years$5,400$4,777$4,217$3,717$3,270$1,963
13 years$4,933$4,317$3,768$3,281$2,852$1,626
14 years$4,534$3,924$3,386$2,913$2,500$1,353
15 years$4,188$3,585$3,057$2,598$2,201$1,129
16 years$3,885$3,289$2,771$2,326$1,945$945
17 years$3,619$3,029$2,522$2,090$1,725$793
18 years$3,382$2,799$2,302$1,883$1,534$667
19 years$3,171$2,594$2,107$1,702$1,367$561
20 years$2,981$2,410$1,934$1,541$1,221$473
21 years$2,809$2,245$1,779$1,399$1,093$399
22 years$2,653$2,096$1,640$1,272$979$337
23 years$2,511$1,960$1,514$1,158$879$285
24 years$2,381$1,837$1,400$1,056$790$241
25 years$2,261$1,724$1,297$965$711$204
26 years$2,151$1,620$1,203$882$641$173
27 years$2,049$1,524$1,117$807$577$146
28 years$1,955$1,436$1,038$740$521$124
29 years$1,867$1,355$966$678$471$105
30 years$1,785$1,280$900$623$425$89
31 years$1,709$1,210$839$572$384$76
32 years$1,638$1,145$783$526$348$64
33 years$1,571$1,084$731$483$315$54
34 years$1,508$1,027$683$445$285$46
35 years$1,449$975$638$409$258$39
36 years$1,393$925$597$377$234$33
37 years$1,340$879$559$347$212$28
38 years$1,291$835$524$320$192$24
39 years$1,244$794$490$295$174$20
40 years$1,199$755$460$272$158$17
41 years$1,157$719$431$251$143$15
42 years$1,117$685$404$232$130$12
43 years$1,078$652$379$214$118$11
44 years$1,042$622$356$198$107$9
45 years$1,007$593$334$182$97$8
46 years$974$566$314$169$88$6
47 years$943$540$295$156$80$5
48 years$913$515$277$144$73$5
49 years$884$492$261$133$66$4
50 years$856$470$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $877,000, adding $6,186 every year, while hoping to spend $42,857 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: 76/17/7 Blend
54$877,000$877,000$877,000$877,000
55$972,835$926,354$912,760$1,045,436
56$1,026,464$926,146$897,738$1,093,813
57$1,084,128$924,491$880,777$1,140,711
58$1,146,191$921,273$861,765$1,190,872
59$1,213,057$916,370$840,588$1,244,602
60$1,285,167$909,650$817,126$1,302,239
61$1,363,005$900,974$791,251$1,364,154
62$1,447,106$890,196$762,832$1,430,760
63$1,538,055$877,160$731,731$1,502,510
64$1,636,496$861,700$697,804$1,579,902
65$1,743,138$843,642$660,899$1,663,489
66$1,858,757$822,801$620,859$1,753,876
67$1,984,212$798,979$577,519$1,851,736
68$2,120,442$771,970$530,706$1,957,807
69$2,268,484$741,553$480,242$2,072,903
70$2,429,476$707,496$425,937$2,197,925
71$2,604,672$669,553$367,595$2,333,864
72$2,795,451$627,463$305,012$2,481,813
73$3,003,330$580,952$237,973$2,642,980
74$3,229,979$529,728$166,255$2,818,695
75$3,477,237$473,484$89,623$3,010,425
76$3,747,125$411,895$7,836$3,219,790
77$4,041,870$344,617$0$3,448,575
78$4,363,925$271,287$0$3,704,683
79$4,715,988$191,522$0$3,985,363
80$5,101,030$104,918$0$4,292,446
81$5,522,322$11,046$0$4,628,594
82$5,983,467$0$0$4,996,745
83$6,488,432$0$0$5,417,074
84$7,041,585$0$0$5,879,812
85$7,647,736$0$0$6,386,919
86$8,312,184$0$0$6,942,834
87$9,040,763$0$0$7,552,442
88$9,839,901$0$0$8,221,126
89$10,716,676$0$0$8,954,813
90$11,678,885$0$0$9,760,032
91$12,735,116$0$0$10,643,977
92$13,894,829$0$0$11,614,569
93$15,168,446$0$0$12,680,536
94$16,567,447$0$0$13,851,492
95$18,104,479$0$0$15,138,028
96$19,793,473$0$0$16,551,812
97$21,649,778$0$0$18,105,698
98$23,690,303$0$0$19,813,846
99$25,933,677$0$0$21,691,859
100$28,400,426$0$0$23,756,924