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 $4,683 every year, while hoping to spend $55,814 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: 56/20/24 Blend
54$884,000$884,000$884,000$884,000
55$978,999$932,147$918,445$1,027,173
56$1,019,471$918,436$889,827$1,046,988
57$1,062,200$902,183$858,380$1,062,287
58$1,107,359$883,204$823,949$1,077,778
59$1,155,133$861,305$786,376$1,093,496
60$1,205,728$836,280$745,490$1,109,481
61$1,259,365$807,910$701,117$1,125,782
62$1,316,289$775,966$653,073$1,142,456
63$1,376,765$740,204$601,166$1,159,568
64$1,441,087$700,365$545,196$1,177,195
65$1,509,571$656,177$484,954$1,195,425
66$1,582,568$607,350$420,220$1,214,358
67$1,660,460$553,580$350,768$1,234,110
68$1,743,665$494,544$276,357$1,254,812
69$1,832,644$429,901$196,740$1,276,616
70$1,927,898$359,292$111,655$1,299,691
71$2,029,981$282,334$20,833$1,324,232
72$2,139,498$198,627$0$1,350,457
73$2,257,113$107,746$0$1,398,100
74$2,383,555$9,242$0$1,454,916
75$2,519,625$0$0$1,515,957
76$2,666,202$0$0$1,603,087
77$2,824,251$0$0$1,699,291
78$2,994,834$0$0$1,803,187
79$3,179,115$0$0$1,915,494
80$3,378,375$0$0$2,036,999
81$3,594,022$0$0$2,168,572
82$3,827,603$0$0$2,311,164
83$4,080,820$0$0$2,465,825
84$4,355,543$0$0$2,633,707
85$4,653,829$0$0$2,816,079
86$4,977,943$0$0$3,014,335
87$5,330,373$0$0$3,230,011
88$5,713,858$0$0$3,464,794
89$6,131,413$0$0$3,720,543
90$6,586,352$0$0$3,999,302
91$7,082,325$0$0$4,303,321
92$7,623,348$0$0$4,635,076
93$8,213,843$0$0$4,997,295
94$8,858,675$0$0$5,392,977
95$9,563,201$0$0$5,825,427
96$10,333,318$0$0$6,298,281
97$11,175,519$0$0$6,815,543
98$12,096,953$0$0$7,381,624
99$13,105,492$0$0$8,001,379
100$14,209,803$0$0$8,680,154