Can I retire at age 55 with 877,000?

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 $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%17.9%
1 years$72,422$71,777$71,147$70,533$69,933$67,695
2 years$35,852$35,185$34,538$33,910$33,302$31,067
3 years$23,664$22,994$22,348$21,727$21,128$18,967
4 years$17,571$16,903$16,264$15,653$15,069$12,998
5 years$13,916$13,252$12,621$12,023$11,455$9,481
6 years$11,481$10,821$10,200$9,615$9,064$7,188
7 years$9,742$9,088$8,476$7,905$7,371$5,593
8 years$8,438$7,790$7,188$6,631$6,115$4,433
9 years$7,424$6,782$6,191$5,648$5,150$3,562
10 years$6,614$5,978$5,398$4,869$4,388$2,892
11 years$5,951$5,322$4,752$4,237$3,774$2,367
12 years$5,400$4,777$4,217$3,717$3,270$1,950
13 years$4,933$4,317$3,768$3,281$2,852$1,615
14 years$4,534$3,924$3,386$2,913$2,500$1,342
15 years$4,188$3,585$3,057$2,598$2,201$1,120
16 years$3,885$3,289$2,771$2,326$1,945$937
17 years$3,619$3,029$2,522$2,090$1,725$785
18 years$3,382$2,799$2,302$1,883$1,534$659
19 years$3,171$2,594$2,107$1,702$1,367$555
20 years$2,981$2,410$1,934$1,541$1,221$467
21 years$2,809$2,245$1,779$1,399$1,093$394
22 years$2,653$2,096$1,640$1,272$979$333
23 years$2,511$1,960$1,514$1,158$879$281
24 years$2,381$1,837$1,400$1,056$790$237
25 years$2,261$1,724$1,297$965$711$201
26 years$2,151$1,620$1,203$882$641$170
27 years$2,049$1,524$1,117$807$577$144
28 years$1,955$1,436$1,038$740$521$122
29 years$1,867$1,355$966$678$471$103
30 years$1,785$1,280$900$623$425$87
31 years$1,709$1,210$839$572$384$74
32 years$1,638$1,145$783$526$348$63
33 years$1,571$1,084$731$483$315$53
34 years$1,508$1,027$683$445$285$45
35 years$1,449$975$638$409$258$38
36 years$1,393$925$597$377$234$32
37 years$1,340$879$559$347$212$27
38 years$1,291$835$524$320$192$23
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$14
42 years$1,117$685$404$232$130$12
43 years$1,078$652$379$214$118$10
44 years$1,042$622$356$198$107$9
45 years$1,007$593$334$182$97$7
46 years$974$566$314$169$88$6
47 years$943$540$295$156$80$5
48 years$913$515$277$144$73$4
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 $6,210 every year, while hoping to spend $24,900 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: 75/11/14 Blend
54$877,000$877,000$877,000$877,000
55$972,860$926,379$912,785$1,042,480
56$1,045,598$945,278$916,870$1,108,218
57$1,124,921$964,268$920,257$1,176,532
58$1,211,474$983,329$922,897$1,250,724
59$1,305,968$1,002,435$924,737$1,331,371
60$1,409,184$1,021,562$925,723$1,419,108
61$1,521,983$1,040,681$925,798$1,514,635
62$1,645,313$1,059,762$924,900$1,618,724
63$1,780,218$1,078,774$922,967$1,732,224
64$1,927,846$1,097,679$919,932$1,856,071
65$2,089,463$1,116,442$915,726$1,991,296
66$2,266,462$1,135,021$910,276$2,139,036
67$2,460,376$1,153,372$903,506$2,300,543
68$2,672,895$1,171,449$895,335$2,477,196
69$2,905,881$1,189,200$885,679$2,670,514
70$3,161,383$1,206,572$874,451$2,882,174
71$3,441,657$1,223,508$861,558$3,114,021
72$3,749,190$1,239,944$846,904$3,368,089
73$4,086,721$1,255,815$830,389$3,646,619
74$4,457,267$1,271,049$811,907$3,952,081
75$4,864,149$1,285,572$791,347$4,287,196
76$5,311,029$1,299,302$768,594$4,654,965
77$5,801,939$1,312,153$743,527$5,058,692
78$6,341,321$1,324,033$716,020$5,502,021
79$6,934,069$1,334,843$685,940$5,988,965
80$7,585,574$1,344,481$653,149$6,523,949
81$8,301,776$1,352,834$617,503$7,111,849
82$9,089,219$1,359,784$578,850$7,758,036
83$9,955,111$1,365,206$537,034$8,468,433
84$10,907,397$1,368,965$491,889$9,249,566
85$11,954,827$1,370,919$443,242$10,108,626
86$13,107,043$1,370,918$390,915$11,053,539
87$14,374,669$1,368,801$334,718$12,093,040
88$15,769,410$1,364,398$274,456$13,236,755
89$17,304,164$1,357,527$209,924$14,495,294
90$18,993,140$1,347,997$140,908$15,880,348
91$20,851,996$1,335,605$67,184$17,404,803
92$22,897,984$1,320,134$0$19,082,859
93$25,150,115$1,301,357$0$20,931,883
94$27,629,333$1,279,030$0$22,978,228
95$30,358,720$1,252,897$0$25,230,894
96$33,363,707$1,222,687$0$27,710,867
97$36,672,317$1,188,111$0$30,441,276
98$40,315,430$1,148,864$0$33,447,606
99$44,327,069$1,104,624$0$36,757,943
100$48,744,729$1,055,049$0$40,403,234