Can I retire at age 55 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$72,752$72,104$71,472$70,855$70,252$69,060
2 years$36,016$35,345$34,695$34,065$33,453$32,256
3 years$23,772$23,098$22,450$21,826$21,224$20,059
4 years$17,651$16,980$16,338$15,724$15,137$14,013
5 years$13,980$13,312$12,679$12,078$11,507$10,427
6 years$11,533$10,871$10,246$9,659$9,105$8,070
7 years$9,786$9,129$8,515$7,941$7,405$6,416
8 years$8,476$7,825$7,221$6,661$6,143$5,200
9 years$7,458$6,813$6,220$5,674$5,173$4,275
10 years$6,644$6,006$5,422$4,891$4,408$3,554
11 years$5,979$5,346$4,774$4,257$3,791$2,980
12 years$5,424$4,799$4,237$3,734$3,285$2,517
13 years$4,956$4,337$3,785$3,296$2,865$2,138
14 years$4,554$3,942$3,401$2,926$2,511$1,824
15 years$4,207$3,601$3,071$2,610$2,211$1,562
16 years$3,903$3,304$2,784$2,337$1,954$1,343
17 years$3,635$3,043$2,533$2,099$1,733$1,157
18 years$3,398$2,812$2,313$1,892$1,541$999
19 years$3,185$2,606$2,117$1,710$1,373$865
20 years$2,994$2,421$1,943$1,548$1,227$750
21 years$2,822$2,255$1,787$1,405$1,098$651
22 years$2,665$2,105$1,647$1,278$984$566
23 years$2,522$1,969$1,521$1,164$883$492
24 years$2,391$1,845$1,406$1,061$794$429
25 years$2,271$1,731$1,303$969$714$374
26 years$2,161$1,627$1,208$886$643$326
27 years$2,058$1,531$1,122$811$580$285
28 years$1,964$1,443$1,043$743$523$249
29 years$1,875$1,361$971$682$473$217
30 years$1,793$1,286$904$625$427$190
31 years$1,717$1,215$843$574$386$166
32 years$1,645$1,150$786$528$349$145
33 years$1,578$1,089$734$485$316$127
34 years$1,515$1,032$686$447$286$111
35 years$1,455$979$641$411$259$97
36 years$1,399$929$600$379$235$85
37 years$1,346$883$562$349$213$75
38 years$1,296$839$526$322$193$65
39 years$1,249$798$493$297$175$57
40 years$1,204$759$462$274$159$50
41 years$1,162$722$433$252$144$44
42 years$1,122$688$406$233$131$38
43 years$1,083$655$381$215$119$34
44 years$1,047$625$358$199$108$29
45 years$1,012$596$336$183$98$26
46 years$979$568$316$169$89$23
47 years$947$542$296$156$81$20
48 years$917$518$279$145$73$17
49 years$888$494$262$134$66$15
50 years$860$472$246$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $881,000, adding $4,445 every year, while hoping to spend $42,062 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: 22/50/28 Blend
54$881,000$881,000$881,000$881,000
55$975,447$928,754$915,099$988,172
56$1,030,189$929,509$901,001$1,000,539
57$1,089,105$928,892$885,021$1,009,954
58$1,152,576$926,790$867,051$1,019,121
59$1,221,021$923,085$846,980$1,028,048
60$1,294,901$917,652$824,689$1,036,746
61$1,374,720$910,356$800,056$1,045,232
62$1,461,035$901,057$772,951$1,053,530
63$1,554,455$889,604$743,240$1,061,670
64$1,655,653$875,838$710,782$1,069,690
65$1,765,367$859,591$675,430$1,077,639
66$1,884,407$840,684$637,030$1,085,575
67$2,013,668$818,928$595,421$1,093,570
68$2,154,130$794,124$550,436$1,101,707
69$2,306,874$766,058$501,898$1,110,087
70$2,473,088$734,508$449,625$1,118,828
71$2,654,079$699,235$393,424$1,128,066
72$2,851,287$659,990$333,095$1,137,961
73$3,066,294$616,505$268,430$1,148,698
74$3,300,844$568,502$199,210$1,160,488
75$3,556,854$515,682$125,208$1,173,575
76$3,836,436$457,734$46,185$1,188,239
77$4,141,914$394,324$0$1,204,796
78$4,475,847$325,104$0$1,235,006
79$4,841,052$249,702$0$1,283,348
80$5,240,631$167,729$0$1,336,556
81$5,677,999$78,772$0$1,395,242
82$6,156,918$0$0$1,460,088
83$6,681,529$0$0$1,541,542
84$7,256,394$0$0$1,678,445
85$7,886,535$0$0$1,828,672
86$8,577,485$0$0$1,993,560
87$9,335,337$0$0$2,174,586
88$10,166,804$0$0$2,373,374
89$11,079,277$0$0$2,591,712
90$12,080,899$0$0$2,831,574
91$13,180,639$0$0$3,095,129
92$14,388,380$0$0$3,384,772
93$15,715,004$0$0$3,703,137
94$17,172,503$0$0$4,053,128
95$18,774,085$0$0$4,437,945
96$20,534,303$0$0$4,861,113
97$22,469,190$0$0$5,326,514
98$24,596,407$0$0$5,838,428
99$26,935,414$0$0$6,401,568
100$29,507,650$0$0$7,021,128