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%11.2%
1 years$73,000$72,350$71,715$71,096$70,491$70,135
2 years$36,139$35,466$34,813$34,181$33,567$33,208
3 years$23,853$23,177$22,526$21,900$21,296$20,945
4 years$17,712$17,038$16,393$15,778$15,189$14,848
5 years$14,028$13,358$12,722$12,119$11,546$11,217
6 years$11,572$10,908$10,281$9,691$9,136$8,819
7 years$9,819$9,160$8,544$7,968$7,430$7,125
8 years$8,505$7,852$7,246$6,684$6,164$5,871
9 years$7,484$6,837$6,241$5,693$5,191$4,910
10 years$6,667$6,026$5,441$4,908$4,423$4,154
11 years$5,999$5,365$4,790$4,271$3,804$3,547
12 years$5,443$4,815$4,251$3,746$3,296$3,051
13 years$4,973$4,351$3,798$3,308$2,875$2,640
14 years$4,570$3,955$3,413$2,936$2,520$2,297
15 years$4,221$3,613$3,081$2,618$2,219$2,006
16 years$3,916$3,315$2,793$2,345$1,961$1,759
17 years$3,648$3,053$2,542$2,107$1,739$1,547
18 years$3,409$2,821$2,320$1,898$1,546$1,364
19 years$3,196$2,615$2,124$1,715$1,378$1,206
20 years$3,004$2,430$1,950$1,554$1,231$1,068
21 years$2,831$2,263$1,793$1,410$1,101$947
22 years$2,674$2,113$1,653$1,282$987$841
23 years$2,531$1,976$1,526$1,168$886$749
24 years$2,400$1,851$1,411$1,065$797$667
25 years$2,279$1,737$1,307$973$717$595
26 years$2,168$1,633$1,212$889$646$531
27 years$2,065$1,537$1,126$814$582$474
28 years$1,970$1,448$1,047$746$525$424
29 years$1,882$1,366$974$684$474$379
30 years$1,799$1,290$907$628$429$339
31 years$1,723$1,219$846$576$387$304
32 years$1,651$1,154$789$530$350$272
33 years$1,583$1,093$737$487$317$244
34 years$1,520$1,036$688$448$287$219
35 years$1,460$982$644$413$260$196
36 years$1,404$932$602$380$236$176
37 years$1,351$886$563$350$214$158
38 years$1,301$842$528$323$194$142
39 years$1,253$800$494$298$176$127
40 years$1,209$761$463$274$159$114
41 years$1,166$725$435$253$144$102
42 years$1,125$690$408$234$131$92
43 years$1,087$658$382$216$119$83
44 years$1,050$627$359$199$108$74
45 years$1,015$598$337$184$98$67
46 years$982$570$317$170$89$60
47 years$950$544$297$157$81$54
48 years$920$520$280$145$73$48
49 years$891$496$263$134$67$43
50 years$863$474$247$124$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $884,000, adding $5,219 every year, while hoping to spend $25,052 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: 58/24/18 Blend
54$884,000$884,000$884,000$884,000
55$979,551$932,699$918,997$1,031,453
56$1,052,811$951,747$923,129$1,086,307
57$1,132,702$970,887$926,559$1,142,892
58$1,219,877$990,100$929,238$1,204,013
59$1,315,050$1,009,361$931,113$1,270,110
60$1,419,010$1,028,644$932,129$1,341,672
61$1,532,623$1,047,921$932,229$1,419,233
62$1,656,843$1,067,162$931,352$1,503,387
63$1,792,723$1,086,335$929,435$1,594,784
64$1,941,420$1,105,404$926,409$1,694,143
65$2,104,207$1,124,332$922,207$1,802,256
66$2,282,489$1,143,076$916,753$1,919,997
67$2,477,810$1,161,595$909,972$2,048,328
68$2,691,874$1,179,840$901,783$2,188,309
69$2,926,553$1,197,760$892,101$2,341,111
70$3,183,914$1,215,302$880,838$2,508,023
71$3,466,229$1,232,408$867,902$2,690,468
72$3,776,003$1,249,015$853,195$2,890,011
73$4,115,994$1,265,056$836,617$3,108,380
74$4,489,243$1,280,461$818,061$3,347,482
75$4,899,095$1,295,153$797,415$3,609,414
76$5,349,239$1,309,052$774,565$3,896,493
77$5,843,736$1,322,070$749,388$4,211,270
78$6,387,062$1,334,116$721,757$4,556,558
79$6,984,145$1,345,091$691,539$4,935,459
80$7,640,418$1,354,890$658,595$5,351,393
81$8,361,863$1,363,402$622,780$5,808,128
82$9,155,072$1,370,507$583,942$6,309,819
83$10,027,308$1,376,081$541,923$6,861,049
84$10,986,572$1,379,987$496,556$7,466,865
85$12,041,680$1,382,085$447,668$8,132,835
86$13,202,345$1,382,221$395,079$8,865,096
87$14,479,269$1,380,234$338,599$9,670,412
88$15,884,243$1,375,954$278,031$10,556,239
89$17,430,260$1,369,200$213,169$11,530,798
90$19,131,634$1,359,778$143,797$12,603,151
91$21,004,137$1,347,484$69,691$13,783,285
92$23,065,150$1,332,101$0$15,082,210
93$25,333,822$1,313,401$0$16,513,867
94$27,831,253$1,291,139$0$18,104,232
95$30,580,693$1,265,057$0$19,854,701
96$33,607,762$1,234,883$0$21,781,579
97$36,940,689$1,200,328$0$23,902,836
98$40,610,581$1,161,085$0$26,238,277
99$44,651,712$1,116,830$0$28,809,728
100$49,101,852$1,067,220$0$31,641,242