Can I retire at age 55 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$73,248$72,595$71,959$71,337$70,731$68,631
2 years$36,261$35,586$34,931$34,297$33,681$31,584
3 years$23,934$23,256$22,603$21,974$21,369$19,339
4 years$17,772$17,095$16,449$15,831$15,240$13,293
5 years$14,075$13,403$12,765$12,160$11,585$9,727
6 years$11,612$10,945$10,316$9,724$9,167$7,398
7 years$9,853$9,191$8,573$7,995$7,455$5,776
8 years$8,534$7,879$7,270$6,707$6,185$4,595
9 years$7,509$6,860$6,262$5,713$5,209$3,706
10 years$6,689$6,047$5,459$4,924$4,438$3,020
11 years$6,019$5,383$4,806$4,286$3,817$2,482
12 years$5,461$4,831$4,265$3,759$3,308$2,052
13 years$4,990$4,366$3,811$3,319$2,884$1,706
14 years$4,585$3,969$3,424$2,946$2,528$1,424
15 years$4,236$3,625$3,092$2,627$2,226$1,193
16 years$3,930$3,326$2,803$2,352$1,967$1,002
17 years$3,660$3,063$2,551$2,114$1,745$844
18 years$3,421$2,831$2,328$1,905$1,551$712
19 years$3,207$2,623$2,131$1,721$1,383$602
20 years$3,015$2,438$1,956$1,559$1,235$509
21 years$2,841$2,271$1,799$1,415$1,105$431
22 years$2,683$2,120$1,658$1,286$991$366
23 years$2,539$1,983$1,531$1,172$889$310
24 years$2,408$1,857$1,416$1,068$799$264
25 years$2,287$1,743$1,312$976$719$224
26 years$2,175$1,638$1,216$892$648$190
27 years$2,072$1,542$1,130$817$584$162
28 years$1,977$1,453$1,050$748$527$138
29 years$1,888$1,371$977$686$476$117
30 years$1,806$1,294$910$630$430$100
31 years$1,728$1,224$849$578$389$85
32 years$1,656$1,158$792$532$352$72
33 years$1,588$1,096$739$489$318$62
34 years$1,525$1,039$691$450$288$53
35 years$1,465$986$646$414$261$45
36 years$1,409$936$604$381$236$38
37 years$1,356$889$565$351$214$32
38 years$1,305$844$529$324$194$28
39 years$1,258$803$496$299$176$24
40 years$1,213$764$465$275$160$20
41 years$1,170$727$436$254$145$17
42 years$1,129$693$409$234$132$15
43 years$1,091$660$384$216$119$12
44 years$1,054$629$360$200$108$11
45 years$1,019$600$338$185$98$9
46 years$985$572$318$170$89$8
47 years$954$546$298$158$81$7
48 years$923$521$280$146$74$6
49 years$894$498$264$135$67$5
50 years$866$476$248$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $887,000, adding $2,585 every year, while hoping to spend $43,759 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: 37/47/16 Blend
54$887,000$887,000$887,000$887,000
55$980,140$933,129$919,381$1,011,556
56$1,033,556$932,294$903,621$1,033,572
57$1,090,952$929,950$885,866$1,052,981
58$1,152,691$925,979$866,004$1,073,012
59$1,219,166$920,253$843,916$1,093,744
60$1,290,812$912,636$819,479$1,115,268
61$1,368,106$902,987$792,562$1,137,685
62$1,451,571$891,151$763,031$1,161,111
63$1,541,783$876,969$730,745$1,185,680
64$1,639,375$860,270$695,554$1,211,540
65$1,745,041$840,873$657,305$1,238,861
66$1,859,546$818,587$615,836$1,267,832
67$1,983,731$793,209$570,977$1,298,670
68$2,118,519$764,525$522,553$1,331,615
69$2,264,929$732,307$470,379$1,366,941
70$2,424,077$696,315$414,262$1,404,953
71$2,597,194$656,296$354,002$1,445,994
72$2,785,634$611,981$289,387$1,490,449
73$2,990,886$563,085$220,198$1,538,750
74$3,214,588$509,308$146,207$1,591,378
75$3,458,546$450,333$67,174$1,648,874
76$3,724,743$385,825$0$1,711,839
77$4,015,365$315,429$0$1,783,879
78$4,332,817$238,770$0$1,875,243
79$4,679,748$155,454$0$1,975,335
80$5,059,073$65,062$0$2,085,138
81$5,474,002$0$0$2,205,743
82$5,928,069$0$0$2,355,349
83$6,425,166$0$0$2,556,090
84$6,969,579$0$0$2,776,062
85$7,566,027$0$0$3,017,188
86$8,219,707$0$0$3,281,584
87$8,936,343$0$0$3,571,583
88$9,722,241$0$0$3,889,753
89$10,584,344$0$0$4,238,924
90$11,530,300$0$0$4,622,211
91$12,568,534$0$0$5,043,047
92$13,708,325$0$0$5,505,213
93$14,959,895$0$0$6,012,876
94$16,334,505$0$0$6,570,623
95$17,844,559$0$0$7,183,509
96$19,503,723$0$0$7,857,105
97$21,327,051$0$0$8,597,546
98$23,331,127$0$0$9,411,590
99$25,534,224$0$0$10,306,685
100$27,956,471$0$0$11,291,036