Can I retire at age 55 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,330$72,677$72,040$71,418$70,810$69,099
2 years$36,302$35,626$34,971$34,335$33,719$32,005
3 years$23,961$23,282$22,628$21,999$21,393$19,730
4 years$17,792$17,115$16,468$15,849$15,258$13,658
5 years$14,091$13,418$12,780$12,174$11,599$10,067
6 years$11,625$10,957$10,328$9,735$9,178$7,716
7 years$9,864$9,202$8,582$8,004$7,464$6,073
8 years$8,544$7,887$7,279$6,714$6,192$4,870
9 years$7,517$6,867$6,269$5,719$5,215$3,961
10 years$6,697$6,053$5,466$4,930$4,443$3,257
11 years$6,026$5,389$4,812$4,291$3,821$2,700
12 years$5,467$4,837$4,270$3,763$3,311$2,254
13 years$4,995$4,371$3,815$3,322$2,888$1,891
14 years$4,591$3,973$3,428$2,949$2,531$1,594
15 years$4,240$3,630$3,095$2,630$2,229$1,349
16 years$3,934$3,330$2,806$2,355$1,970$1,144
17 years$3,664$3,067$2,553$2,116$1,746$973
18 years$3,425$2,834$2,331$1,907$1,553$830
19 years$3,211$2,626$2,134$1,723$1,384$709
20 years$3,018$2,441$1,958$1,561$1,236$606
21 years$2,844$2,273$1,801$1,416$1,106$519
22 years$2,686$2,122$1,660$1,288$992$445
23 years$2,542$1,985$1,533$1,173$890$382
24 years$2,410$1,860$1,418$1,070$800$328
25 years$2,289$1,745$1,313$977$720$282
26 years$2,178$1,640$1,218$893$649$242
27 years$2,075$1,544$1,131$818$585$208
28 years$1,979$1,454$1,051$749$528$179
29 years$1,890$1,372$978$687$476$154
30 years$1,808$1,296$911$630$430$133
31 years$1,730$1,225$850$579$389$114
32 years$1,658$1,159$793$532$352$99
33 years$1,590$1,098$740$489$319$85
34 years$1,527$1,040$691$450$288$73
35 years$1,467$987$646$414$261$63
36 years$1,410$937$605$382$237$54
37 years$1,357$890$566$352$215$47
38 years$1,307$845$530$324$195$40
39 years$1,259$804$497$299$176$35
40 years$1,214$765$465$276$160$30
41 years$1,171$728$436$254$145$26
42 years$1,131$693$409$235$132$22
43 years$1,092$661$384$217$120$19
44 years$1,055$630$361$200$108$17
45 years$1,020$600$339$185$98$14
46 years$987$573$318$171$89$12
47 years$955$547$299$158$81$11
48 years$924$522$281$146$74$9
49 years$895$498$264$135$67$8
50 years$867$476$248$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $888,000, adding $4,684 every year, while hoping to spend $38,862 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: 82/13/5 Blend
54$888,000$888,000$888,000$888,000
55$983,408$936,344$922,580$1,063,567
56$1,042,366$940,876$912,137$1,121,157
57$1,106,036$944,327$900,042$1,178,657
58$1,174,857$946,604$886,199$1,240,564
59$1,249,312$947,607$870,506$1,307,297
60$1,329,931$947,230$852,858$1,379,316
61$1,417,300$945,359$833,144$1,457,127
62$1,512,059$941,876$811,248$1,541,288
63$1,614,914$936,653$787,050$1,632,413
64$1,726,642$929,557$760,424$1,731,180
65$1,848,098$920,443$731,236$1,838,334
66$1,980,220$909,160$699,348$1,954,696
67$2,124,042$895,549$664,616$2,081,172
68$2,280,702$879,439$626,889$2,218,757
69$2,451,452$860,650$586,008$2,368,552
70$2,637,669$838,990$541,808$2,531,766
71$2,840,869$814,259$494,116$2,709,733
72$3,062,722$786,242$442,753$2,903,924
73$3,305,064$754,712$387,530$3,115,957
74$3,569,919$719,431$328,251$3,347,618
75$3,859,512$680,145$264,709$3,600,874
76$4,176,296$636,586$196,690$3,877,893
77$4,522,970$588,471$123,971$4,181,064
78$4,902,507$535,499$46,318$4,513,021
79$5,318,179$477,356$0$4,876,667
80$5,773,593$413,705$0$5,277,149
81$6,272,716$344,193$0$5,718,807
82$6,819,922$268,448$0$6,203,068
83$7,420,025$186,073$0$6,734,228
84$8,078,330$96,653$0$7,317,025
85$8,800,678$0$0$7,956,677
86$9,593,504$0$0$8,658,971
87$10,463,896$0$0$9,445,174
88$11,419,661$0$0$10,308,513
89$12,469,400$0$0$11,256,761
90$13,622,588$0$0$12,298,478
91$14,889,662$0$0$13,443,097
92$16,282,121$0$0$14,701,007
93$17,812,633$0$0$16,083,656
94$19,495,154$0$0$17,603,654
95$21,345,060$0$0$19,274,894
96$23,379,290$0$0$21,112,685
97$25,616,508$0$0$23,133,891
98$28,077,277$0$0$25,357,093
99$30,784,253$0$0$27,802,763
100$33,762,398$0$0$30,493,457