Can I retire at age 55 with 878,000?

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 $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%16.1%
1 years$72,504$71,859$71,228$70,613$70,013$68,265
2 years$35,893$35,225$34,577$33,949$33,340$31,590
3 years$23,691$23,020$22,374$21,751$21,152$19,455
4 years$17,591$16,922$16,282$15,671$15,086$13,454
5 years$13,932$13,267$12,636$12,037$11,468$9,907
6 years$11,494$10,834$10,212$9,626$9,074$7,585
7 years$9,753$9,098$8,486$7,914$7,380$5,962
8 years$8,447$7,799$7,197$6,639$6,122$4,776
9 years$7,433$6,790$6,198$5,655$5,156$3,880
10 years$6,622$5,985$5,404$4,874$4,393$3,186
11 years$5,958$5,328$4,758$4,242$3,778$2,638
12 years$5,406$4,782$4,222$3,721$3,274$2,199
13 years$4,939$4,322$3,772$3,285$2,855$1,843
14 years$4,539$3,928$3,389$2,916$2,503$1,551
15 years$4,193$3,589$3,060$2,601$2,204$1,311
16 years$3,890$3,293$2,775$2,329$1,948$1,110
17 years$3,623$3,032$2,525$2,092$1,727$943
18 years$3,386$2,802$2,305$1,886$1,535$803
19 years$3,174$2,597$2,110$1,704$1,369$685
20 years$2,984$2,413$1,936$1,543$1,222$585
21 years$2,812$2,248$1,781$1,400$1,094$500
22 years$2,656$2,098$1,642$1,273$981$428
23 years$2,514$1,962$1,516$1,160$880$367
24 years$2,383$1,839$1,402$1,058$791$314
25 years$2,264$1,725$1,298$966$712$270
26 years$2,153$1,622$1,204$883$641$231
27 years$2,051$1,526$1,118$808$578$199
28 years$1,957$1,438$1,039$741$522$171
29 years$1,869$1,357$967$679$471$147
30 years$1,787$1,281$901$623$426$126
31 years$1,711$1,211$840$572$385$109
32 years$1,639$1,146$784$526$348$93
33 years$1,572$1,085$732$484$315$80
34 years$1,509$1,029$684$445$285$69
35 years$1,450$976$639$410$258$59
36 years$1,394$926$598$377$234$51
37 years$1,342$880$560$348$212$44
38 years$1,292$836$524$321$192$38
39 years$1,245$795$491$296$174$33
40 years$1,200$756$460$273$158$28
41 years$1,158$720$432$251$144$24
42 years$1,118$686$405$232$130$21
43 years$1,080$653$380$214$118$18
44 years$1,043$623$357$198$107$15
45 years$1,009$594$335$183$97$13
46 years$975$566$314$169$88$11
47 years$944$541$295$156$80$10
48 years$914$516$278$144$73$8
49 years$885$493$261$133$66$7
50 years$857$471$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $878,000, adding $5,854 every year, while hoping to spend $44,095 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: 66/23/11 Blend
54$878,000$878,000$878,000$878,000
55$973,594$927,060$913,451$1,035,135
56$1,025,984$925,570$897,135$1,075,382
57$1,082,240$922,528$878,795$1,113,601
58$1,142,710$917,813$858,315$1,154,241
59$1,207,774$911,294$835,577$1,197,535
60$1,277,854$902,834$810,456$1,243,742
61$1,353,408$892,286$782,819$1,293,145
62$1,434,944$879,496$752,532$1,346,060
63$1,523,016$864,299$719,449$1,402,836
64$1,618,234$846,521$683,422$1,463,856
65$1,721,272$825,978$644,294$1,529,548
66$1,832,865$802,474$601,901$1,600,383
67$1,953,825$775,804$556,073$1,676,881
68$2,085,045$745,748$506,631$1,759,618
69$2,227,505$712,074$453,388$1,849,232
70$2,382,284$674,540$396,151$1,946,424
71$2,550,569$632,884$334,714$2,051,975
72$2,733,666$586,834$268,865$2,166,742
73$2,933,012$536,101$198,384$2,291,676
74$3,150,186$480,377$123,037$2,427,828
75$3,386,930$419,340$42,584$2,576,356
76$3,645,158$352,649$0$2,738,543
77$3,926,976$279,941$0$2,920,883
78$4,234,706$200,836$0$3,125,527
79$4,570,900$114,931$0$3,349,229
80$4,938,370$21,801$0$3,593,933
81$5,340,211$0$0$3,861,781
82$5,779,830$0$0$4,175,133
83$6,260,981$0$0$4,524,181
84$6,787,795$0$0$4,906,412
85$7,364,822$0$0$5,325,135
86$7,997,073$0$0$5,783,993
87$8,690,066$0$0$6,286,998
88$9,449,879$0$0$6,838,572
89$10,283,206$0$0$7,443,580
90$11,197,419$0$0$8,107,384
91$12,200,640$0$0$8,835,890
92$13,301,814$0$0$9,635,603
93$14,510,794$0$0$10,513,687
94$15,838,434$0$0$11,478,037
95$17,296,691$0$0$12,537,347
96$18,898,737$0$0$13,701,196
97$20,659,081$0$0$14,980,136
98$22,593,709$0$0$16,385,792
99$24,720,232$0$0$17,930,973
100$27,058,053$0$0$19,629,788