Can I retire at age 55 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$72,670$72,022$71,391$70,774$70,172$69,584
2 years$35,975$35,305$34,656$34,026$33,415$32,823
3 years$23,745$23,072$22,425$21,801$21,200$20,621
4 years$17,631$16,961$16,319$15,706$15,120$14,559
5 years$13,964$13,297$12,664$12,064$11,494$10,953
6 years$11,520$10,858$10,235$9,648$9,095$8,575
7 years$9,775$9,119$8,505$7,932$7,397$6,897
8 years$8,467$7,816$7,213$6,654$6,136$5,657
9 years$7,450$6,806$6,213$5,668$5,168$4,709
10 years$6,637$5,999$5,416$4,886$4,403$3,965
11 years$5,972$5,340$4,768$4,252$3,787$3,369
12 years$5,418$4,793$4,232$3,729$3,281$2,883
13 years$4,950$4,332$3,781$3,293$2,862$2,483
14 years$4,549$3,937$3,397$2,923$2,508$2,148
15 years$4,202$3,597$3,067$2,607$2,209$1,867
16 years$3,899$3,300$2,781$2,334$1,952$1,628
17 years$3,631$3,039$2,530$2,097$1,731$1,423
18 years$3,394$2,808$2,310$1,890$1,539$1,248
19 years$3,182$2,603$2,115$1,708$1,372$1,097
20 years$2,991$2,419$1,941$1,547$1,225$966
21 years$2,818$2,253$1,785$1,404$1,096$852
22 years$2,662$2,103$1,645$1,276$983$752
23 years$2,519$1,967$1,519$1,162$882$665
24 years$2,389$1,843$1,405$1,060$793$589
25 years$2,269$1,729$1,301$968$714$522
26 years$2,158$1,625$1,207$885$643$463
27 years$2,056$1,530$1,121$810$579$411
28 years$1,961$1,441$1,042$742$523$365
29 years$1,873$1,360$969$681$472$324
30 years$1,791$1,284$903$625$427$288
31 years$1,715$1,214$842$574$386$256
32 years$1,643$1,149$785$527$349$228
33 years$1,576$1,088$733$485$316$203
34 years$1,513$1,031$685$446$286$181
35 years$1,454$978$641$411$259$161
36 years$1,398$928$599$378$235$144
37 years$1,345$882$561$349$213$128
38 years$1,295$838$525$321$193$114
39 years$1,248$797$492$296$175$102
40 years$1,203$758$461$273$159$91
41 years$1,161$721$433$252$144$81
42 years$1,120$687$406$233$131$72
43 years$1,082$655$381$215$118$64
44 years$1,046$624$357$198$108$57
45 years$1,011$595$336$183$98$51
46 years$978$568$315$169$89$46
47 years$946$542$296$156$80$41
48 years$916$517$278$144$73$36
49 years$887$494$262$133$66$32
50 years$859$472$246$123$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $880,000, adding $5,112 every year, while hoping to spend $51,853 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: 32/38/30 Blend
54$880,000$880,000$880,000$880,000
55$975,033$928,393$914,753$997,208
56$1,019,315$918,713$890,226$1,005,066
57$1,066,376$906,821$863,140$1,008,629
58$1,116,445$892,553$833,353$1,011,473
59$1,169,771$875,738$800,720$1,013,570
60$1,226,630$856,191$765,085$1,014,898
61$1,287,321$833,718$726,290$1,015,434
62$1,352,172$808,116$684,166$1,015,161
63$1,421,546$779,165$638,537$1,014,066
64$1,495,836$746,636$589,220$1,012,139
65$1,575,476$710,287$536,024$1,009,376
66$1,660,942$669,858$478,749$1,005,782
67$1,752,756$625,079$417,185$1,001,367
68$1,851,491$575,662$351,114$996,150
69$1,957,774$521,301$280,308$990,162
70$2,072,298$461,676$204,529$983,445
71$2,195,821$396,446$123,529$976,052
72$2,329,176$325,253$37,048$968,055
73$2,473,278$247,716$0$959,542
74$2,629,134$163,436$0$968,304
75$2,797,851$71,989$0$990,592
76$2,980,643$0$0$1,014,785
77$3,178,849$0$0$1,052,486
78$3,393,939$0$0$1,126,177
79$3,627,529$0$0$1,206,325
80$3,881,399$0$0$1,293,554
81$4,157,506$0$0$1,388,552
82$4,458,002$0$0$1,492,076
83$4,785,256$0$0$1,604,959
84$5,141,874$0$0$1,728,117
85$5,530,727$0$0$1,862,561
86$5,954,970$0$0$2,009,401
87$6,418,080$0$0$2,169,859
88$6,923,881$0$0$2,345,283
89$7,476,585$0$0$2,537,153
90$8,080,830$0$0$2,747,103
91$8,741,718$0$0$2,976,929
92$9,464,871$0$0$3,228,611
93$10,256,479$0$0$3,504,327
94$11,123,355$0$0$3,806,478
95$12,073,005$0$0$4,137,707
96$13,113,694$0$0$4,500,924
97$14,254,524$0$0$4,899,337
98$15,505,521$0$0$5,336,476
99$16,877,726$0$0$5,816,232
100$18,383,302$0$0$6,342,888