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%15.8%
1 years$73,082$72,431$71,796$71,176$70,571$68,893
2 years$36,179$35,506$34,853$34,219$33,605$31,925
3 years$23,880$23,203$22,552$21,925$21,321$19,690
4 years$17,732$17,057$16,412$15,796$15,206$13,637
5 years$14,043$13,373$12,736$12,132$11,559$10,057
6 years$11,585$10,920$10,293$9,702$9,147$7,713
7 years$9,830$9,171$8,553$7,977$7,439$6,073
8 years$8,515$7,861$7,254$6,692$6,171$4,874
9 years$7,492$6,844$6,248$5,700$5,197$3,966
10 years$6,674$6,033$5,447$4,913$4,428$3,263
11 years$6,006$5,371$4,795$4,276$3,808$2,707
12 years$5,449$4,820$4,256$3,751$3,300$2,261
13 years$4,978$4,356$3,802$3,311$2,878$1,899
14 years$4,575$3,960$3,416$2,939$2,523$1,601
15 years$4,226$3,617$3,085$2,621$2,221$1,356
16 years$3,921$3,319$2,797$2,347$1,963$1,151
17 years$3,652$3,057$2,545$2,109$1,741$980
18 years$3,413$2,824$2,323$1,901$1,548$836
19 years$3,200$2,618$2,127$1,717$1,379$714
20 years$3,008$2,432$1,952$1,555$1,232$612
21 years$2,834$2,266$1,795$1,412$1,103$524
22 years$2,677$2,115$1,655$1,283$988$450
23 years$2,534$1,978$1,528$1,169$887$386
24 years$2,402$1,853$1,413$1,066$797$332
25 years$2,282$1,739$1,309$974$718$285
26 years$2,170$1,635$1,214$890$646$246
27 years$2,068$1,538$1,127$815$583$211
28 years$1,972$1,450$1,048$747$526$182
29 years$1,884$1,368$975$685$475$157
30 years$1,801$1,291$908$628$429$135
31 years$1,724$1,221$847$577$388$117
32 years$1,652$1,155$790$530$351$100
33 years$1,585$1,094$738$488$318$87
34 years$1,521$1,037$689$449$287$75
35 years$1,462$983$644$413$260$65
36 years$1,406$933$603$380$236$56
37 years$1,353$887$564$351$214$48
38 years$1,302$843$528$323$194$41
39 years$1,255$801$495$298$176$36
40 years$1,210$762$464$275$159$31
41 years$1,167$726$435$253$145$27
42 years$1,127$691$408$234$131$23
43 years$1,088$658$383$216$119$20
44 years$1,052$628$359$199$108$17
45 years$1,017$598$337$184$98$15
46 years$983$571$317$170$89$13
47 years$951$545$298$157$81$11
48 years$921$520$280$145$73$10
49 years$892$497$263$134$67$8
50 years$864$474$247$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $885,000, adding $2,408 every year, while hoping to spend $52,676 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: 46/32/22 Blend
54$885,000$885,000$885,000$885,000
55$977,754$930,849$917,131$1,016,465
56$1,021,438$920,414$891,808$1,033,444
57$1,067,812$907,702$863,872$1,046,456
58$1,117,096$892,545$833,178$1,059,500
59$1,169,528$874,768$799,578$1,072,603
60$1,225,370$854,182$762,914$1,085,800
61$1,284,909$830,589$723,023$1,099,132
62$1,348,460$803,778$679,735$1,112,649
63$1,416,367$773,527$632,870$1,126,410
64$1,489,007$739,600$582,241$1,140,486
65$1,566,793$701,748$527,653$1,154,958
66$1,650,179$659,707$468,903$1,169,921
67$1,739,664$613,199$405,778$1,185,487
68$1,835,792$561,929$338,054$1,201,781
69$1,939,164$505,585$265,500$1,218,952
70$2,050,438$443,837$187,874$1,237,166
71$2,170,337$376,339$104,921$1,256,617
72$2,299,654$302,722$16,379$1,277,524
73$2,439,261$222,599$0$1,300,135
74$2,590,117$135,557$0$1,343,069
75$2,753,275$41,166$0$1,393,606
76$2,929,893$0$0$1,448,330
77$3,121,243$0$0$1,529,215
78$3,328,725$0$0$1,632,722
79$3,553,876$0$0$1,745,133
80$3,798,390$0$0$1,867,306
81$4,064,129$0$0$2,000,181
82$4,353,139$0$0$2,144,796
83$4,667,673$0$0$2,302,290
84$5,010,212$0$0$2,473,919
85$5,383,482$0$0$2,661,062
86$5,790,486$0$0$2,865,241
87$6,234,528$0$0$3,088,128
88$6,719,245$0$0$3,331,563
89$7,248,640$0$0$3,597,576
90$7,827,120$0$0$3,888,396
91$8,459,537$0$0$4,206,482
92$9,151,234$0$0$4,554,540
93$9,908,091$0$0$4,935,547
94$10,736,586$0$0$5,352,785
95$11,643,850$0$0$5,809,867
96$12,637,738$0$0$6,310,771
97$13,726,898$0$0$6,859,878
98$14,920,856$0$0$7,462,014
99$16,230,102$0$0$8,122,495
100$17,666,192$0$0$8,847,174