Can I retire at age 55 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,082$72,431$71,796$71,176$70,571$69,834
2 years$36,179$35,506$34,853$34,219$33,605$32,863
3 years$23,880$23,203$22,552$21,925$21,321$20,596
4 years$17,732$17,057$16,412$15,796$15,206$14,505
5 years$14,043$13,373$12,736$12,132$11,559$10,884
6 years$11,585$10,920$10,293$9,702$9,147$8,497
7 years$9,830$9,171$8,553$7,977$7,439$6,816
8 years$8,515$7,861$7,254$6,692$6,171$5,575
9 years$7,492$6,844$6,248$5,700$5,197$4,627
10 years$6,674$6,033$5,447$4,913$4,428$3,884
11 years$6,006$5,371$4,795$4,276$3,808$3,290
12 years$5,449$4,820$4,256$3,751$3,300$2,807
13 years$4,978$4,356$3,802$3,311$2,878$2,409
14 years$4,575$3,960$3,416$2,939$2,523$2,078
15 years$4,226$3,617$3,085$2,621$2,221$1,799
16 years$3,921$3,319$2,797$2,347$1,963$1,563
17 years$3,652$3,057$2,545$2,109$1,741$1,363
18 years$3,413$2,824$2,323$1,901$1,548$1,191
19 years$3,200$2,618$2,127$1,717$1,379$1,042
20 years$3,008$2,432$1,952$1,555$1,232$915
21 years$2,834$2,266$1,795$1,412$1,103$804
22 years$2,677$2,115$1,655$1,283$988$707
23 years$2,534$1,978$1,528$1,169$887$623
24 years$2,402$1,853$1,413$1,066$797$549
25 years$2,282$1,739$1,309$974$718$485
26 years$2,170$1,635$1,214$890$646$428
27 years$2,068$1,538$1,127$815$583$379
28 years$1,972$1,450$1,048$747$526$335
29 years$1,884$1,368$975$685$475$297
30 years$1,801$1,291$908$628$429$263
31 years$1,724$1,221$847$577$388$233
32 years$1,652$1,155$790$530$351$206
33 years$1,585$1,094$738$488$318$183
34 years$1,521$1,037$689$449$287$162
35 years$1,462$983$644$413$260$144
36 years$1,406$933$603$380$236$128
37 years$1,353$887$564$351$214$113
38 years$1,302$843$528$323$194$100
39 years$1,255$801$495$298$176$89
40 years$1,210$762$464$275$159$79
41 years$1,167$726$435$253$145$70
42 years$1,127$691$408$234$131$62
43 years$1,088$658$383$216$119$55
44 years$1,052$628$359$199$108$49
45 years$1,017$598$337$184$98$44
46 years$983$571$317$170$89$39
47 years$951$545$298$157$81$35
48 years$921$520$280$145$73$31
49 years$892$497$263$134$67$27
50 years$864$474$247$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $885,000, adding $3,306 every year, while hoping to spend $37,075 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: 70/13/17 Blend
54$885,000$885,000$885,000$885,000
55$978,680$931,775$918,058$1,043,034
56$1,039,058$937,985$909,365$1,092,506
57$1,104,352$943,256$899,139$1,141,899
58$1,175,024$947,503$887,288$1,195,020
59$1,251,582$950,637$873,718$1,252,230
60$1,334,586$952,561$858,330$1,313,932
61$1,424,649$953,172$841,020$1,380,566
62$1,522,448$952,362$821,678$1,452,621
63$1,628,726$950,015$800,192$1,530,633
64$1,744,300$946,010$776,443$1,615,197
65$1,870,069$940,216$750,305$1,706,966
66$2,007,025$932,495$721,649$1,806,663
67$2,156,256$922,701$690,338$1,915,085
68$2,318,961$910,680$656,231$2,033,109
69$2,496,458$896,267$619,179$2,161,706
70$2,690,201$879,288$579,025$2,301,944
71$2,901,787$859,559$535,608$2,455,003
72$3,132,977$836,885$488,758$2,622,185
73$3,385,707$811,058$438,298$2,804,923
74$3,662,109$781,861$384,041$3,004,802
75$3,964,534$749,061$325,796$3,223,567
76$4,295,566$712,415$263,360$3,463,145
77$4,658,052$671,662$196,521$3,725,659
78$5,055,129$626,529$125,060$4,013,452
79$5,490,249$576,726$48,746$4,329,110
80$5,967,216$521,946$0$4,675,481
81$6,490,217$461,867$0$5,061,638
82$7,063,866$396,146$0$5,494,940
83$7,693,245$324,421$0$5,970,405
84$8,383,950$246,311$0$6,492,298
85$9,142,145$161,413$0$7,065,319
86$9,974,621$69,300$0$7,694,648
87$10,888,860$0$0$8,385,994
88$11,893,100$0$0$9,150,009
89$12,996,421$0$0$10,000,345
90$14,208,823$0$0$10,934,801
91$15,541,323$0$0$11,961,876
92$17,006,059$0$0$13,090,932
93$18,616,403$0$0$14,332,284
94$20,387,087$0$0$15,697,295
95$22,334,343$0$0$17,198,485
96$24,476,054$0$0$18,849,649
97$26,831,923$0$0$20,665,984
98$29,423,659$0$0$22,664,236
99$32,275,181$0$0$24,862,855
100$35,412,843$0$0$27,282,170