Can I retire at age 55 with 883,000?

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 $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%12.7%
1 years$72,917$72,268$71,634$71,016$70,412$69,618
2 years$36,098$35,425$34,774$34,142$33,529$32,731
3 years$23,826$23,151$22,501$21,875$21,272$20,493
4 years$17,691$17,018$16,375$15,760$15,172$14,418
5 years$14,012$13,343$12,708$12,105$11,533$10,807
6 years$11,559$10,895$10,270$9,681$9,126$8,428
7 years$9,808$9,150$8,534$7,959$7,422$6,753
8 years$8,496$7,843$7,238$6,677$6,157$5,517
9 years$7,475$6,829$6,234$5,687$5,185$4,574
10 years$6,659$6,019$5,435$4,902$4,418$3,835
11 years$5,992$5,359$4,785$4,266$3,800$3,244
12 years$5,437$4,810$4,246$3,742$3,293$2,764
13 years$4,967$4,346$3,794$3,304$2,871$2,369
14 years$4,565$3,951$3,409$2,933$2,517$2,041
15 years$4,216$3,609$3,078$2,615$2,216$1,765
16 years$3,912$3,311$2,790$2,342$1,959$1,532
17 years$3,644$3,050$2,539$2,104$1,737$1,333
18 years$3,405$2,818$2,318$1,896$1,544$1,163
19 years$3,192$2,612$2,122$1,713$1,376$1,017
20 years$3,001$2,427$1,947$1,552$1,229$891
21 years$2,828$2,261$1,791$1,408$1,100$781
22 years$2,671$2,110$1,651$1,281$986$687
23 years$2,528$1,974$1,524$1,166$885$604
24 years$2,397$1,849$1,410$1,064$796$532
25 years$2,277$1,735$1,306$971$716$469
26 years$2,166$1,631$1,211$888$645$413
27 years$2,063$1,535$1,124$813$581$365
28 years$1,968$1,446$1,045$745$525$322
29 years$1,880$1,364$973$683$474$285
30 years$1,797$1,289$906$627$428$252
31 years$1,721$1,218$845$576$387$223
32 years$1,649$1,153$788$529$350$197
33 years$1,581$1,092$736$487$317$174
34 years$1,518$1,034$688$448$287$154
35 years$1,459$981$643$412$260$137
36 years$1,402$931$601$380$235$121
37 years$1,349$885$563$350$213$107
38 years$1,299$841$527$322$193$95
39 years$1,252$799$494$297$175$84
40 years$1,207$761$463$274$159$75
41 years$1,165$724$434$253$144$66
42 years$1,124$689$407$233$131$59
43 years$1,086$657$382$215$119$52
44 years$1,049$626$359$199$108$46
45 years$1,014$597$337$184$98$41
46 years$981$570$316$170$89$36
47 years$949$544$297$157$81$32
48 years$919$519$279$145$73$29
49 years$890$496$262$134$67$25
50 years$862$473$247$124$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $883,000, adding $2,366 every year, while hoping to spend $52,591 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: 61/30/9 Blend
54$883,000$883,000$883,000$883,000
55$975,507$928,708$915,021$1,032,935
56$1,019,052$918,258$889,718$1,061,233
57$1,065,276$905,533$861,804$1,085,846
58$1,114,397$890,367$831,138$1,111,386
59$1,166,653$872,583$797,568$1,137,944
60$1,222,304$851,992$760,939$1,165,622
61$1,281,637$828,397$721,088$1,194,534
62$1,344,963$801,588$677,844$1,224,808
63$1,412,625$771,342$631,028$1,256,589
64$1,484,999$737,423$580,453$1,290,037
65$1,562,496$699,584$525,926$1,325,332
66$1,645,567$657,561$467,241$1,362,677
67$1,734,709$611,075$404,187$1,402,298
68$1,830,463$559,831$336,541$1,444,446
69$1,933,427$503,520$264,072$1,489,403
70$2,044,255$441,811$186,537$1,537,483
71$2,163,667$374,358$103,684$1,589,037
72$2,292,452$300,792$15,249$1,644,457
73$2,431,478$220,727$0$1,704,177
74$2,581,699$133,752$0$1,776,282
75$2,744,161$39,435$0$1,855,771
76$2,920,018$0$0$1,941,808
77$3,110,534$0$0$2,055,784
78$3,317,102$0$0$2,193,535
79$3,541,252$0$0$2,343,070
80$3,784,669$0$0$2,505,521
81$4,049,204$0$0$2,682,130
82$4,336,895$0$0$2,874,267
83$4,649,982$0$0$3,083,436
84$4,990,931$0$0$3,311,295
85$5,362,457$0$0$3,559,665
86$5,767,546$0$0$3,830,554
87$6,209,484$0$0$4,126,169
88$6,691,891$0$0$4,448,941
89$7,218,747$0$0$4,801,545
90$7,794,438$0$0$5,186,928
91$8,423,789$0$0$5,608,332
92$9,112,115$0$0$6,069,329
93$9,865,268$0$0$6,573,848
94$10,689,689$0$0$7,126,220
95$11,592,473$0$0$7,731,212
96$12,581,432$0$0$8,394,074
97$13,665,172$0$0$9,120,588
98$14,853,166$0$0$9,917,121
99$16,155,851$0$0$10,790,686
100$17,584,722$0$0$11,749,009