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%13.9%
1 years$72,835$72,186$71,553$70,935$70,332$69,195
2 years$36,057$35,385$34,734$34,103$33,491$32,349
3 years$23,799$23,125$22,475$21,850$21,248$20,136
4 years$17,671$16,999$16,356$15,742$15,154$14,081
5 years$13,996$13,327$12,693$12,091$11,520$10,489
6 years$11,546$10,883$10,258$9,670$9,116$8,127
7 years$9,797$9,139$8,524$7,950$7,413$6,468
8 years$8,486$7,834$7,229$6,669$6,150$5,248
9 years$7,467$6,821$6,227$5,680$5,179$4,320
10 years$6,652$6,012$5,429$4,897$4,413$3,596
11 years$5,985$5,353$4,779$4,262$3,795$3,019
12 years$5,431$4,804$4,241$3,738$3,289$2,553
13 years$4,961$4,342$3,789$3,300$2,868$2,171
14 years$4,560$3,946$3,405$2,929$2,514$1,855
15 years$4,212$3,605$3,074$2,613$2,214$1,591
16 years$3,908$3,308$2,787$2,339$1,956$1,369
17 years$3,640$3,046$2,536$2,102$1,735$1,182
18 years$3,402$2,815$2,315$1,894$1,542$1,022
19 years$3,189$2,609$2,119$1,711$1,375$886
20 years$2,998$2,424$1,945$1,550$1,228$769
21 years$2,825$2,258$1,789$1,407$1,099$669
22 years$2,668$2,108$1,649$1,279$985$582
23 years$2,525$1,971$1,523$1,165$884$507
24 years$2,394$1,847$1,408$1,062$795$443
25 years$2,274$1,733$1,304$970$715$386
26 years$2,163$1,629$1,210$887$644$338
27 years$2,061$1,533$1,123$812$581$295
28 years$1,966$1,445$1,044$744$524$258
29 years$1,878$1,363$972$682$473$226
30 years$1,795$1,287$905$626$428$198
31 years$1,719$1,217$844$575$387$173
32 years$1,647$1,151$787$529$350$152
33 years$1,580$1,090$735$486$316$133
34 years$1,516$1,033$687$447$287$117
35 years$1,457$980$642$412$260$102
36 years$1,401$930$601$379$235$90
37 years$1,348$884$562$349$213$79
38 years$1,298$840$526$322$193$69
39 years$1,251$798$493$297$175$60
40 years$1,206$760$462$274$159$53
41 years$1,163$723$434$253$144$47
42 years$1,123$689$407$233$131$41
43 years$1,085$656$382$215$119$36
44 years$1,048$625$358$199$108$31
45 years$1,013$596$336$184$98$28
46 years$980$569$316$170$89$24
47 years$948$543$297$157$81$21
48 years$918$518$279$145$73$19
49 years$889$495$262$134$67$16
50 years$861$473$246$124$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $882,000, adding $6,689 every year, while hoping to spend $58,225 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: 60/21/19 Blend
54$882,000$882,000$882,000$882,000
55$978,864$932,118$918,447$1,032,375
56$1,016,757$915,841$887,264$1,053,081
57$1,056,564$896,814$853,085$1,068,650
58$1,098,418$874,843$815,748$1,084,309
59$1,142,465$849,719$775,084$1,100,075
60$1,188,863$821,221$730,915$1,115,969
61$1,237,784$789,119$683,059$1,132,019
62$1,289,417$753,164$631,320$1,148,256
63$1,343,965$713,097$575,497$1,164,718
64$1,401,653$668,642$515,379$1,181,452
65$1,462,724$619,508$450,747$1,198,512
66$1,527,445$565,387$381,370$1,215,960
67$1,596,106$505,952$307,007$1,233,871
68$1,669,025$440,861$227,409$1,252,330
69$1,746,551$369,748$142,312$1,271,435
70$1,829,064$292,231$51,445$1,291,301
71$1,916,981$207,903$0$1,312,057
72$2,010,759$116,335$0$1,343,082
73$2,110,896$17,075$0$1,387,047
74$2,217,940$0$0$1,433,767
75$2,332,494$0$0$1,504,409
76$2,455,213$0$0$1,584,359
77$2,586,822$0$0$1,670,149
78$2,728,111$0$0$1,762,302
79$2,879,951$0$0$1,861,390
80$3,043,297$0$0$1,968,045
81$3,219,195$0$0$2,082,957
82$3,408,799$0$0$2,206,887
83$3,613,370$0$0$2,340,670
84$3,834,300$0$0$2,485,221
85$4,073,114$0$0$2,641,549
86$4,331,490$0$0$2,810,762
87$4,611,273$0$0$2,994,078
88$4,914,489$0$0$3,192,836
89$5,243,369$0$0$3,408,507
90$5,600,364$0$0$3,642,712
91$5,988,171$0$0$3,897,232
92$6,409,756$0$0$4,174,027
93$6,868,383$0$0$4,475,251
94$7,367,641$0$0$4,803,279
95$7,911,483$0$0$5,160,718
96$8,504,255$0$0$5,550,443
97$9,150,743$0$0$5,975,615
98$9,856,213$0$0$6,439,714
99$10,626,462$0$0$6,946,570
100$11,467,871$0$0$7,500,401