Can I retire at age 55 with 886,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$73,165$72,513$71,877$71,257$70,651$67,982
2 years$36,220$35,546$34,892$34,258$33,643$30,985
3 years$23,907$23,230$22,577$21,950$21,345$18,781
4 years$17,752$17,076$16,431$15,813$15,223$12,774
5 years$14,059$13,388$12,751$12,146$11,572$9,244
6 years$11,599$10,932$10,305$9,713$9,157$6,950
7 years$9,842$9,181$8,563$7,986$7,447$5,362
8 years$8,524$7,870$7,262$6,699$6,178$4,212
9 years$7,501$6,852$6,255$5,706$5,203$3,354
10 years$6,682$6,040$5,453$4,919$4,433$2,698
11 years$6,013$5,377$4,801$4,281$3,813$2,187
12 years$5,455$4,826$4,261$3,755$3,304$1,783
13 years$4,984$4,361$3,807$3,315$2,881$1,461
14 years$4,580$3,964$3,420$2,943$2,526$1,202
15 years$4,231$3,621$3,088$2,624$2,224$992
16 years$3,925$3,323$2,800$2,350$1,965$821
17 years$3,656$3,060$2,548$2,111$1,743$681
18 years$3,417$2,828$2,326$1,903$1,549$565
19 years$3,203$2,621$2,129$1,719$1,381$470
20 years$3,011$2,435$1,954$1,557$1,234$392
21 years$2,838$2,268$1,797$1,413$1,104$326
22 years$2,680$2,117$1,656$1,285$989$272
23 years$2,536$1,980$1,529$1,170$888$227
24 years$2,405$1,855$1,414$1,067$798$190
25 years$2,284$1,741$1,310$975$718$159
26 years$2,173$1,636$1,215$891$647$133
27 years$2,070$1,540$1,128$816$583$111
28 years$1,975$1,451$1,049$747$526$93
29 years$1,886$1,369$976$685$475$78
30 years$1,804$1,293$909$629$430$65
31 years$1,726$1,222$848$578$388$54
32 years$1,654$1,156$791$531$351$45
33 years$1,587$1,095$738$488$318$38
34 years$1,523$1,038$690$449$288$32
35 years$1,463$985$645$414$261$27
36 years$1,407$934$603$381$236$22
37 years$1,354$888$565$351$214$19
38 years$1,304$843$529$323$194$16
39 years$1,256$802$496$298$176$13
40 years$1,211$763$464$275$160$11
41 years$1,169$726$435$254$145$9
42 years$1,128$692$409$234$131$8
43 years$1,089$659$383$216$119$6
44 years$1,053$628$360$200$108$5
45 years$1,018$599$338$184$98$5
46 years$984$572$317$170$89$4
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$3
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $886,000, adding $2,522 every year, while hoping to spend $45,070 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: 62/28/10 Blend
54$886,000$886,000$886,000$886,000
55$978,973$932,015$918,282$1,037,321
56$1,030,875$929,730$901,091$1,074,394
57$1,086,559$925,822$881,813$1,109,421
58$1,146,365$920,165$860,331$1,146,526
59$1,210,665$912,623$836,522$1,185,911
60$1,279,864$903,053$810,257$1,227,799
61$1,354,413$891,305$781,403$1,272,438
62$1,434,801$877,217$749,818$1,320,102
63$1,521,569$860,619$715,355$1,371,095
64$1,615,311$841,331$677,862$1,425,754
65$1,716,679$819,162$637,176$1,484,451
66$1,826,389$793,910$593,130$1,547,601
67$1,945,230$765,361$545,549$1,615,660
68$2,074,067$733,288$494,249$1,689,135
69$2,213,855$697,452$439,040$1,768,588
70$2,365,640$657,599$379,720$1,854,639
71$2,530,576$613,462$316,080$1,947,976
72$2,709,930$564,757$247,904$2,049,359
73$2,905,096$511,183$174,963$2,159,630
74$3,117,611$452,426$97,018$2,279,720
75$3,349,162$388,150$13,823$2,410,660
76$3,601,608$318,001$0$2,553,588
77$3,876,995$241,605$0$2,717,763
78$4,177,574$158,570$0$2,898,675
79$4,505,823$68,477$0$3,096,417
80$4,864,471$0$0$3,312,724
81$5,256,522$0$0$3,558,483
82$5,685,282$0$0$3,850,390
83$6,154,392$0$0$4,169,833
84$6,667,862$0$0$4,519,551
85$7,230,105$0$0$4,902,558
86$7,845,985$0$0$5,322,175
87$8,520,853$0$0$5,782,059
88$9,260,608$0$0$6,286,238
89$10,071,743$0$0$6,839,147
90$10,961,409$0$0$7,445,671
91$11,937,486$0$0$8,111,192
92$13,008,649$0$0$8,841,637
93$14,184,458$0$0$9,643,535
94$15,475,441$0$0$10,524,079
95$16,893,195$0$0$11,491,190
96$18,450,497$0$0$12,553,597
97$20,161,421$0$0$13,720,915
98$22,041,471$0$0$15,003,734
99$24,107,730$0$0$16,413,724
100$26,379,015$0$0$17,963,741