Can I retire at age 55 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$72,917$72,268$71,634$71,016$70,412$68,158
2 years$36,098$35,425$34,774$34,142$33,529$31,279
3 years$23,826$23,151$22,501$21,875$21,272$19,097
4 years$17,691$17,018$16,375$15,760$15,172$13,087
5 years$14,012$13,343$12,708$12,105$11,533$9,546
6 years$11,559$10,895$10,270$9,681$9,126$7,237
7 years$9,808$9,150$8,534$7,959$7,422$5,631
8 years$8,496$7,843$7,238$6,677$6,157$4,463
9 years$7,475$6,829$6,234$5,687$5,185$3,586
10 years$6,659$6,019$5,435$4,902$4,418$2,912
11 years$5,992$5,359$4,785$4,266$3,800$2,384
12 years$5,437$4,810$4,246$3,742$3,293$1,963
13 years$4,967$4,346$3,794$3,304$2,871$1,626
14 years$4,565$3,951$3,409$2,933$2,517$1,351
15 years$4,216$3,609$3,078$2,615$2,216$1,127
16 years$3,912$3,311$2,790$2,342$1,959$943
17 years$3,644$3,050$2,539$2,104$1,737$790
18 years$3,405$2,818$2,318$1,896$1,544$664
19 years$3,192$2,612$2,122$1,713$1,376$559
20 years$3,001$2,427$1,947$1,552$1,229$470
21 years$2,828$2,261$1,791$1,408$1,100$397
22 years$2,671$2,110$1,651$1,281$986$335
23 years$2,528$1,974$1,524$1,166$885$283
24 years$2,397$1,849$1,410$1,064$796$239
25 years$2,277$1,735$1,306$971$716$202
26 years$2,166$1,631$1,211$888$645$171
27 years$2,063$1,535$1,124$813$581$145
28 years$1,968$1,446$1,045$745$525$123
29 years$1,880$1,364$973$683$474$104
30 years$1,797$1,289$906$627$428$88
31 years$1,721$1,218$845$576$387$74
32 years$1,649$1,153$788$529$350$63
33 years$1,581$1,092$736$487$317$53
34 years$1,518$1,034$688$448$287$45
35 years$1,459$981$643$412$260$38
36 years$1,402$931$601$380$235$33
37 years$1,349$885$563$350$213$28
38 years$1,299$841$527$322$193$23
39 years$1,252$799$494$297$175$20
40 years$1,207$761$463$274$159$17
41 years$1,165$724$434$253$144$14
42 years$1,124$689$407$233$131$12
43 years$1,086$657$382$215$119$10
44 years$1,049$626$359$199$108$9
45 years$1,014$597$337$184$98$7
46 years$981$570$316$170$89$6
47 years$949$544$297$157$81$5
48 years$919$519$279$145$73$5
49 years$890$496$262$134$67$4
50 years$862$473$247$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $883,000, adding $6,255 every year, while hoping to spend $43,254 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: 29/41/30 Blend
54$883,000$883,000$883,000$883,000
55$979,518$932,719$919,033$998,748
56$1,033,407$932,400$903,798$1,014,243
57$1,091,343$930,616$886,604$1,026,747
58$1,153,693$927,250$867,338$1,039,340
59$1,220,860$922,175$845,884$1,052,064
60$1,293,287$915,262$822,121$1,064,964
61$1,371,461$906,368$795,921$1,078,096
62$1,455,916$895,345$767,149$1,091,526
63$1,547,238$882,036$735,668$1,105,330
64$1,646,075$866,274$701,331$1,119,599
65$1,753,134$847,882$663,986$1,134,434
66$1,869,198$826,672$623,473$1,149,957
67$1,995,123$802,446$579,627$1,166,304
68$2,131,853$774,993$532,272$1,183,633
69$2,280,427$744,093$481,227$1,202,123
70$2,441,985$709,508$426,304$1,221,980
71$2,617,785$670,991$367,302$1,243,437
72$2,809,208$628,278$304,015$1,266,757
73$3,017,774$581,091$236,227$1,292,240
74$3,245,159$529,136$163,712$1,320,226
75$3,493,203$472,101$86,234$1,351,095
76$3,763,934$409,659$3,547$1,385,279
77$4,059,584$341,461$0$1,423,261
78$4,382,610$267,141$0$1,492,696
79$4,735,716$186,311$0$1,570,060
80$5,121,881$98,562$0$1,654,990
81$5,544,383$3,462$0$1,748,347
82$6,006,832$0$0$1,851,089
83$6,513,204$0$0$2,009,144
84$7,067,877$0$0$2,184,128
85$7,675,672$0$0$2,376,016
86$8,341,899$0$0$2,586,504
87$9,072,404$0$0$2,817,458
88$9,873,630$0$0$3,070,934
89$10,752,670$0$0$3,349,196
90$11,717,337$0$0$3,654,740
91$12,776,239$0$0$3,990,312
92$13,938,857$0$0$4,358,941
93$15,215,635$0$0$4,763,961
94$16,618,076$0$0$5,209,046
95$18,158,856$0$0$5,698,243
96$19,851,936$0$0$6,236,011
97$21,712,698$0$0$6,827,263
98$23,758,087$0$0$7,477,410
99$26,006,772$0$0$8,192,416
100$28,479,323$0$0$8,978,851