Can I retire at age 55 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$73,000$72,350$71,715$71,096$70,491$69,901
2 years$36,139$35,466$34,813$34,181$33,567$32,972
3 years$23,853$23,177$22,526$21,900$21,296$20,715
4 years$17,712$17,038$16,393$15,778$15,189$14,626
5 years$14,028$13,358$12,722$12,119$11,546$11,003
6 years$11,572$10,908$10,281$9,691$9,136$8,614
7 years$9,819$9,160$8,544$7,968$7,430$6,928
8 years$8,505$7,852$7,246$6,684$6,164$5,683
9 years$7,484$6,837$6,241$5,693$5,191$4,731
10 years$6,667$6,026$5,441$4,908$4,423$3,983
11 years$5,999$5,365$4,790$4,271$3,804$3,384
12 years$5,443$4,815$4,251$3,746$3,296$2,896
13 years$4,973$4,351$3,798$3,308$2,875$2,494
14 years$4,570$3,955$3,413$2,936$2,520$2,158
15 years$4,221$3,613$3,081$2,618$2,219$1,875
16 years$3,916$3,315$2,793$2,345$1,961$1,635
17 years$3,648$3,053$2,542$2,107$1,739$1,430
18 years$3,409$2,821$2,320$1,898$1,546$1,254
19 years$3,196$2,615$2,124$1,715$1,378$1,102
20 years$3,004$2,430$1,950$1,554$1,231$970
21 years$2,831$2,263$1,793$1,410$1,101$856
22 years$2,674$2,113$1,653$1,282$987$756
23 years$2,531$1,976$1,526$1,168$886$668
24 years$2,400$1,851$1,411$1,065$797$592
25 years$2,279$1,737$1,307$973$717$524
26 years$2,168$1,633$1,212$889$646$465
27 years$2,065$1,537$1,126$814$582$413
28 years$1,970$1,448$1,047$746$525$367
29 years$1,882$1,366$974$684$474$326
30 years$1,799$1,290$907$628$429$290
31 years$1,723$1,219$846$576$387$258
32 years$1,651$1,154$789$530$350$229
33 years$1,583$1,093$737$487$317$204
34 years$1,520$1,036$688$448$287$182
35 years$1,460$982$644$413$260$162
36 years$1,404$932$602$380$236$144
37 years$1,351$886$563$350$214$129
38 years$1,301$842$528$323$194$115
39 years$1,253$800$494$298$176$102
40 years$1,209$761$463$274$159$91
41 years$1,166$725$435$253$144$81
42 years$1,125$690$408$234$131$72
43 years$1,087$658$382$216$119$65
44 years$1,050$627$359$199$108$58
45 years$1,015$598$337$184$98$51
46 years$982$570$317$170$89$46
47 years$950$544$297$157$81$41
48 years$920$520$280$145$73$37
49 years$891$496$263$134$67$33
50 years$863$474$247$124$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $884,000, adding $5,691 every year, while hoping to spend $54,121 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: 67/11/22 Blend
54$884,000$884,000$884,000$884,000
55$980,038$933,186$919,484$1,039,869
56$1,022,418$921,328$892,703$1,068,848
57$1,067,306$907,075$863,210$1,093,788
58$1,114,902$890,252$830,858$1,119,784
59$1,165,423$870,675$795,493$1,146,942
60$1,219,106$848,148$756,952$1,175,378
61$1,276,211$822,464$715,066$1,205,220
62$1,337,023$793,403$669,659$1,236,614
63$1,401,853$760,733$620,546$1,269,721
64$1,471,042$724,209$567,534$1,304,721
65$1,544,963$683,570$510,421$1,341,813
66$1,624,026$638,542$448,998$1,381,222
67$1,708,681$588,834$383,043$1,423,194
68$1,799,418$534,140$312,327$1,468,006
69$1,896,779$474,133$236,610$1,515,965
70$2,001,356$408,471$155,642$1,567,413
71$2,113,800$336,792$69,162$1,622,728
72$2,234,825$258,712$0$1,682,331
73$2,365,215$173,827$0$1,752,121
74$2,505,832$81,709$0$1,844,864
75$2,657,622$0$0$1,944,957
76$2,821,624$0$0$2,055,300
77$2,998,981$0$0$2,185,368
78$3,190,950$0$0$2,326,196
79$3,398,911$0$0$2,478,803
80$3,624,382$0$0$2,644,309
81$3,869,033$0$0$2,823,945
82$4,134,700$0$0$3,019,067
83$4,423,402$0$0$3,231,164
84$4,737,361$0$0$3,461,876
85$5,079,022$0$0$3,713,007
86$5,451,072$0$0$3,986,540
87$5,856,473$0$0$4,284,660
88$6,298,480$0$0$4,609,770
89$6,780,678$0$0$4,964,516
90$7,307,013$0$0$5,351,809
91$7,881,827$0$0$5,774,855
92$8,509,901$0$0$6,237,182
93$9,196,499$0$0$6,742,675
94$9,947,416$0$0$7,295,612
95$10,769,032$0$0$7,900,701
96$11,668,372$0$0$8,563,129
97$12,653,173$0$0$9,288,606
98$13,731,955$0$0$10,083,421
99$14,914,099$0$0$10,954,499
100$16,209,939$0$0$11,909,468