Can I retire at age 55 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$72,835$72,186$71,553$70,935$70,332$67,729
2 years$36,057$35,385$34,734$34,103$33,491$30,898
3 years$23,799$23,125$22,475$21,850$21,248$18,747
4 years$17,671$16,999$16,356$15,742$15,154$12,763
5 years$13,996$13,327$12,693$12,091$11,520$9,246
6 years$11,546$10,883$10,258$9,670$9,116$6,959
7 years$9,797$9,139$8,524$7,950$7,413$5,375
8 years$8,486$7,834$7,229$6,669$6,150$4,228
9 years$7,467$6,821$6,227$5,680$5,179$3,370
10 years$6,652$6,012$5,429$4,897$4,413$2,714
11 years$5,985$5,353$4,779$4,262$3,795$2,203
12 years$5,431$4,804$4,241$3,738$3,289$1,799
13 years$4,961$4,342$3,789$3,300$2,868$1,476
14 years$4,560$3,946$3,405$2,929$2,514$1,216
15 years$4,212$3,605$3,074$2,613$2,214$1,005
16 years$3,908$3,308$2,787$2,339$1,956$833
17 years$3,640$3,046$2,536$2,102$1,735$692
18 years$3,402$2,815$2,315$1,894$1,542$575
19 years$3,189$2,609$2,119$1,711$1,375$479
20 years$2,998$2,424$1,945$1,550$1,228$400
21 years$2,825$2,258$1,789$1,407$1,099$334
22 years$2,668$2,108$1,649$1,279$985$279
23 years$2,525$1,971$1,523$1,165$884$233
24 years$2,394$1,847$1,408$1,062$795$195
25 years$2,274$1,733$1,304$970$715$163
26 years$2,163$1,629$1,210$887$644$137
27 years$2,061$1,533$1,123$812$581$114
28 years$1,966$1,445$1,044$744$524$96
29 years$1,878$1,363$972$682$473$80
30 years$1,795$1,287$905$626$428$67
31 years$1,719$1,217$844$575$387$56
32 years$1,647$1,151$787$529$350$47
33 years$1,580$1,090$735$486$316$40
34 years$1,516$1,033$687$447$287$33
35 years$1,457$980$642$412$260$28
36 years$1,401$930$601$379$235$23
37 years$1,348$884$562$349$213$20
38 years$1,298$840$526$322$193$16
39 years$1,251$798$493$297$175$14
40 years$1,206$760$462$274$159$12
41 years$1,163$723$434$253$144$10
42 years$1,123$689$407$233$131$8
43 years$1,085$656$382$215$119$7
44 years$1,048$625$358$199$108$6
45 years$1,013$596$336$184$98$5
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$3
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $882,000, adding $6,567 every year, while hoping to spend $24,214 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: 30/43/27 Blend
54$882,000$882,000$882,000$882,000
55$978,738$931,992$918,321$999,806
56$1,052,806$951,896$923,321$1,036,642
57$1,133,617$971,964$927,677$1,073,675
58$1,221,833$992,178$931,342$1,113,031
59$1,318,185$1,012,519$934,267$1,154,928
60$1,423,473$1,032,966$936,398$1,199,608
61$1,538,583$1,053,496$937,682$1,247,338
62$1,664,485$1,074,085$938,062$1,298,412
63$1,802,252$1,094,705$937,477$1,353,155
64$1,953,064$1,115,327$935,864$1,411,926
65$2,118,217$1,135,919$933,156$1,475,122
66$2,299,144$1,156,447$929,286$1,543,181
67$2,497,418$1,176,875$924,179$1,616,587
68$2,714,775$1,197,162$917,759$1,695,874
69$2,953,125$1,217,266$909,947$1,781,632
70$3,214,572$1,237,140$900,658$1,874,513
71$3,501,434$1,256,736$889,806$1,975,237
72$3,816,264$1,275,999$877,297$2,084,596
73$4,161,873$1,294,873$863,037$2,203,470
74$4,541,359$1,313,297$846,924$2,332,826
75$4,958,135$1,331,206$828,853$2,473,733
76$5,415,959$1,348,529$808,714$2,627,373
77$5,918,971$1,365,192$786,390$2,795,048
78$6,471,735$1,381,115$761,763$2,978,196
79$7,079,275$1,396,212$734,705$3,178,405
80$7,747,127$1,410,393$705,084$3,397,429
81$8,481,392$1,423,561$672,763$3,637,201
82$9,288,791$1,435,611$637,596$3,899,857
83$10,176,726$1,446,435$599,434$4,187,752
84$11,153,355$1,455,913$558,119$4,503,486
85$12,227,667$1,463,923$513,485$4,849,929
86$13,409,564$1,470,330$465,362$5,230,246
87$14,709,956$1,474,993$413,568$5,647,932
88$16,140,866$1,477,761$357,917$6,106,839
89$17,715,539$1,478,477$298,212$6,611,221
90$19,448,570$1,476,968$234,249$7,165,770
91$21,356,041$1,473,057$165,813$7,775,660
92$23,455,672$1,466,551$92,682$8,446,602
93$25,766,986$1,457,247$14,622$9,184,894
94$28,311,497$1,444,931$0$9,997,484
95$31,112,911$1,429,374$0$10,911,821
96$34,197,349$1,410,335$0$11,922,355
97$37,593,594$1,387,556$0$13,034,266
98$41,333,362$1,360,767$0$14,257,918
99$45,451,600$1,329,680$0$15,604,733
100$49,986,819$1,293,990$0$17,087,305