Can I retire at age 55 with 882,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$72,835$72,186$71,553$70,935$70,332$67,541
2 years$36,057$35,385$34,734$34,103$33,491$30,715
3 years$23,799$23,125$22,475$21,850$21,248$18,573
4 years$17,671$16,999$16,356$15,742$15,154$12,600
5 years$13,996$13,327$12,693$12,091$11,520$9,094
6 years$11,546$10,883$10,258$9,670$9,116$6,819
7 years$9,797$9,139$8,524$7,950$7,413$5,246
8 years$8,486$7,834$7,229$6,669$6,150$4,109
9 years$7,467$6,821$6,227$5,680$5,179$3,261
10 years$6,652$6,012$5,429$4,897$4,413$2,615
11 years$5,985$5,353$4,779$4,262$3,795$2,113
12 years$5,431$4,804$4,241$3,738$3,289$1,717
13 years$4,961$4,342$3,789$3,300$2,868$1,402
14 years$4,560$3,946$3,405$2,929$2,514$1,150
15 years$4,212$3,605$3,074$2,613$2,214$945
16 years$3,908$3,308$2,787$2,339$1,956$779
17 years$3,640$3,046$2,536$2,102$1,735$644
18 years$3,402$2,815$2,315$1,894$1,542$533
19 years$3,189$2,609$2,119$1,711$1,375$441
20 years$2,998$2,424$1,945$1,550$1,228$366
21 years$2,825$2,258$1,789$1,407$1,099$304
22 years$2,668$2,108$1,649$1,279$985$253
23 years$2,525$1,971$1,523$1,165$884$210
24 years$2,394$1,847$1,408$1,062$795$175
25 years$2,274$1,733$1,304$970$715$145
26 years$2,163$1,629$1,210$887$644$121
27 years$2,061$1,533$1,123$812$581$101
28 years$1,966$1,445$1,044$744$524$84
29 years$1,878$1,363$972$682$473$70
30 years$1,795$1,287$905$626$428$58
31 years$1,719$1,217$844$575$387$49
32 years$1,647$1,151$787$529$350$41
33 years$1,580$1,090$735$486$316$34
34 years$1,516$1,033$687$447$287$28
35 years$1,457$980$642$412$260$23
36 years$1,401$930$601$379$235$20
37 years$1,348$884$562$349$213$16
38 years$1,298$840$526$322$193$14
39 years$1,251$798$493$297$175$11
40 years$1,206$760$462$274$159$9
41 years$1,163$723$434$253$144$8
42 years$1,123$689$407$233$131$7
43 years$1,085$656$382$215$119$5
44 years$1,048$625$358$199$108$5
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$3
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$2
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 $3,819 every year, while hoping to spend $32,314 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: 78/12/10 Blend
54$882,000$882,000$882,000$882,000
55$975,903$929,157$915,486$1,050,075
56$1,041,064$940,304$911,773$1,110,507
57$1,111,787$950,914$906,853$1,172,221
58$1,188,607$960,927$900,650$1,238,971
59$1,272,111$970,278$893,088$1,311,245
60$1,362,943$978,899$884,083$1,389,581
61$1,461,815$986,716$873,551$1,474,571
62$1,569,506$993,651$861,401$1,566,868
63$1,686,877$999,622$847,540$1,667,191
64$1,814,875$1,004,539$831,868$1,776,331
65$1,954,540$1,008,310$814,284$1,895,162
66$2,107,020$1,010,833$794,679$2,024,646
67$2,273,575$1,012,003$772,940$2,165,843
68$2,455,596$1,011,708$748,950$2,319,919
69$2,654,611$1,009,826$722,585$2,488,163
70$2,872,306$1,006,232$693,715$2,671,992
71$3,110,533$1,000,789$662,207$2,872,969
72$3,371,335$993,355$627,918$3,092,818
73$3,656,960$983,778$590,702$3,333,436
74$3,969,883$971,897$550,404$3,596,915
75$4,312,833$957,541$506,864$3,885,561
76$4,688,810$940,529$459,912$4,201,916
77$5,101,124$920,670$409,374$4,548,780
78$5,553,416$897,761$355,066$4,929,240
79$6,049,699$871,586$296,795$5,346,698
80$6,594,393$841,918$234,363$5,804,905
81$7,192,366$808,517$167,559$6,307,992
82$7,848,980$771,127$96,165$6,860,515
83$8,570,144$729,480$19,954$7,467,495
84$9,362,364$683,290$0$8,134,464
85$10,232,809$632,255$0$8,874,071
86$11,189,378$576,058$0$9,689,186
87$12,240,770$514,361$0$10,585,115
88$13,396,572$446,808$0$11,570,051
89$14,667,344$373,023$0$12,653,026
90$16,064,721$292,609$0$13,843,988
91$17,601,522$205,146$0$15,153,906
92$19,291,869$110,190$0$16,594,861
93$21,151,324$7,274$0$18,180,171
94$23,197,032$0$0$19,924,510
95$25,447,882$0$0$21,857,796
96$27,924,689$0$0$23,986,251
97$30,650,386$0$0$26,328,624
98$33,650,240$0$0$28,906,637
99$36,952,096$0$0$31,744,221
100$40,586,632$0$0$34,867,745