Can I retire at age 55 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$72,504$71,859$71,228$70,613$70,013$68,740
2 years$35,893$35,225$34,577$33,949$33,340$32,062
3 years$23,691$23,020$22,374$21,751$21,152$19,909
4 years$17,591$16,922$16,282$15,671$15,086$13,887
5 years$13,932$13,267$12,636$12,037$11,468$10,317
6 years$11,494$10,834$10,212$9,626$9,074$7,972
7 years$9,753$9,098$8,486$7,914$7,380$6,327
8 years$8,447$7,799$7,197$6,639$6,122$5,119
9 years$7,433$6,790$6,198$5,655$5,156$4,201
10 years$6,622$5,985$5,404$4,874$4,393$3,486
11 years$5,958$5,328$4,758$4,242$3,778$2,918
12 years$5,406$4,782$4,222$3,721$3,274$2,459
13 years$4,939$4,322$3,772$3,285$2,855$2,085
14 years$4,539$3,928$3,389$2,916$2,503$1,775
15 years$4,193$3,589$3,060$2,601$2,204$1,517
16 years$3,890$3,293$2,775$2,329$1,948$1,301
17 years$3,623$3,032$2,525$2,092$1,727$1,119
18 years$3,386$2,802$2,305$1,886$1,535$964
19 years$3,174$2,597$2,110$1,704$1,369$833
20 years$2,984$2,413$1,936$1,543$1,222$720
21 years$2,812$2,248$1,781$1,400$1,094$624
22 years$2,656$2,098$1,642$1,273$981$541
23 years$2,514$1,962$1,516$1,160$880$470
24 years$2,383$1,839$1,402$1,058$791$408
25 years$2,264$1,725$1,298$966$712$355
26 years$2,153$1,622$1,204$883$641$309
27 years$2,051$1,526$1,118$808$578$269
28 years$1,957$1,438$1,039$741$522$234
29 years$1,869$1,357$967$679$471$204
30 years$1,787$1,281$901$623$426$178
31 years$1,711$1,211$840$572$385$155
32 years$1,639$1,146$784$526$348$135
33 years$1,572$1,085$732$484$315$118
34 years$1,509$1,029$684$445$285$103
35 years$1,450$976$639$410$258$90
36 years$1,394$926$598$377$234$79
37 years$1,342$880$560$348$212$69
38 years$1,292$836$524$321$192$60
39 years$1,245$795$491$296$174$52
40 years$1,200$756$460$273$158$46
41 years$1,158$720$432$251$144$40
42 years$1,118$686$405$232$130$35
43 years$1,080$653$380$214$118$31
44 years$1,043$623$357$198$107$27
45 years$1,009$594$335$183$97$23
46 years$975$566$314$169$88$20
47 years$944$541$295$156$80$18
48 years$914$516$278$144$73$16
49 years$885$493$261$133$66$14
50 years$857$471$245$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $878,000, adding $6,680 every year, while hoping to spend $33,150 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: 33/42/25 Blend
54$878,000$878,000$878,000$878,000
55$974,446$927,912$914,303$998,989
56$1,038,569$938,109$909,661$1,028,240
57$1,108,120$947,694$903,753$1,056,299
58$1,183,620$956,602$896,500$1,085,878
59$1,265,639$964,765$887,822$1,117,133
60$1,354,804$972,109$877,634$1,150,239
61$1,451,806$978,554$865,847$1,185,387
62$1,557,405$984,018$852,368$1,222,795
63$1,672,437$988,412$837,099$1,262,702
64$1,797,822$991,640$819,937$1,305,374
65$1,934,572$993,603$800,778$1,351,108
66$2,083,801$994,192$779,507$1,400,233
67$2,246,738$993,296$756,009$1,453,115
68$2,424,730$990,793$730,161$1,510,161
69$2,619,267$986,556$701,835$1,571,821
70$2,831,983$980,448$670,897$1,638,597
71$3,064,680$972,326$637,208$1,711,044
72$3,319,344$962,036$600,621$1,789,779
73$3,598,159$949,417$560,983$1,875,487
74$3,903,531$934,298$518,135$1,968,924
75$4,238,108$916,496$471,910$2,070,931
76$4,604,810$895,819$422,134$2,182,441
77$5,006,849$872,063$368,624$2,304,484
78$5,447,766$845,012$311,191$2,438,203
79$5,931,457$814,437$249,635$2,584,865
80$6,462,218$780,097$183,750$2,745,871
81$7,044,778$741,735$113,319$2,922,772
82$7,684,346$699,081$38,116$3,117,285
83$8,386,662$651,848$0$3,331,311
84$9,158,047$599,734$0$3,578,192
85$10,005,465$542,419$0$3,860,594
86$10,936,590$479,564$0$4,170,979
87$11,959,871$410,813$0$4,512,264
88$13,084,622$335,786$0$4,887,667
89$14,321,100$254,086$0$5,300,742
90$15,680,606$165,291$0$5,755,413
91$17,175,593$68,955$0$6,256,012
92$18,819,780$0$0$6,807,321
93$20,628,279$0$0$7,430,971
94$22,617,746$0$0$8,152,233
95$24,806,527$0$0$8,945,908
96$27,214,840$0$0$9,819,346
97$29,864,960$0$0$10,780,643
98$32,781,429$0$0$11,838,725
99$35,991,291$0$0$13,003,423
100$39,524,343$0$0$14,285,569