Can I retire at age 55 with 856,000?

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 $856,000?

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$70,688$70,058$69,444$68,844$68,259$65,680
2 years$34,994$34,342$33,711$33,098$32,504$29,936
3 years$23,098$22,443$21,813$21,206$20,622$18,146
4 years$17,151$16,498$15,874$15,278$14,708$12,342
5 years$13,583$12,935$12,319$11,735$11,181$8,931
6 years$11,206$10,562$9,956$9,385$8,847$6,715
7 years$9,508$8,870$8,273$7,716$7,195$5,180
8 years$8,236$7,603$7,016$6,472$5,969$4,070
9 years$7,247$6,620$6,043$5,513$5,027$3,240
10 years$6,456$5,835$5,269$4,752$4,283$2,606
11 years$5,809$5,195$4,638$4,136$3,683$2,113
12 years$5,270$4,663$4,116$3,628$3,192$1,723
13 years$4,815$4,214$3,678$3,203$2,783$1,412
14 years$4,425$3,830$3,304$2,843$2,440$1,162
15 years$4,088$3,499$2,983$2,535$2,148$959
16 years$3,792$3,210$2,705$2,270$1,899$793
17 years$3,532$2,956$2,461$2,040$1,684$658
18 years$3,301$2,732$2,247$1,838$1,497$546
19 years$3,095$2,532$2,057$1,661$1,334$454
20 years$2,909$2,353$1,888$1,504$1,192$378
21 years$2,742$2,191$1,736$1,365$1,066$315
22 years$2,589$2,046$1,600$1,241$956$263
23 years$2,451$1,913$1,478$1,131$858$220
24 years$2,324$1,793$1,367$1,031$771$183
25 years$2,207$1,682$1,266$942$694$153
26 years$2,099$1,581$1,174$861$625$128
27 years$2,000$1,488$1,090$788$564$107
28 years$1,908$1,402$1,013$722$509$90
29 years$1,822$1,323$943$662$459$75
30 years$1,742$1,249$878$608$415$63
31 years$1,668$1,181$819$558$375$52
32 years$1,598$1,117$764$513$339$44
33 years$1,533$1,058$713$472$307$37
34 years$1,472$1,003$667$434$278$31
35 years$1,414$951$623$400$252$26
36 years$1,360$903$583$368$228$22
37 years$1,308$857$546$339$207$18
38 years$1,260$815$511$312$188$15
39 years$1,214$775$479$288$170$13
40 years$1,170$737$449$266$154$11
41 years$1,129$702$421$245$140$9
42 years$1,090$668$395$226$127$7
43 years$1,053$637$370$209$115$6
44 years$1,017$607$348$193$105$5
45 years$983$579$326$178$95$4
46 years$951$552$307$165$86$4
47 years$920$527$288$152$78$3
48 years$891$503$271$140$71$3
49 years$863$480$254$130$65$2
50 years$836$459$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $856,000, adding $6,968 every year, while hoping to spend $25,135 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: 46/29/25 Blend
54$856,000$856,000$856,000$856,000
55$950,499$905,131$891,863$987,113
56$1,020,707$922,739$894,997$1,031,227
57$1,097,233$940,368$897,394$1,076,060
58$1,180,696$957,991$899,002$1,124,206
59$1,271,776$975,581$899,767$1,175,988
60$1,371,222$993,109$899,634$1,231,761
61$1,479,857$1,010,542$898,542$1,291,917
62$1,598,589$1,027,846$896,430$1,356,892
63$1,728,417$1,044,982$893,233$1,427,162
64$1,870,441$1,061,912$888,882$1,503,255
65$2,025,872$1,078,591$883,305$1,585,755
66$2,196,043$1,094,975$876,428$1,675,302
67$2,382,423$1,111,012$868,172$1,772,607
68$2,586,629$1,126,650$858,454$1,878,452
69$2,810,441$1,141,832$847,188$1,993,700
70$3,055,822$1,156,497$834,285$2,119,303
71$3,324,931$1,170,581$819,648$2,256,313
72$3,620,147$1,184,013$803,180$2,405,889
73$3,944,092$1,196,720$784,777$2,569,309
74$4,299,653$1,208,622$764,330$2,747,987
75$4,690,008$1,219,634$741,725$2,943,478
76$5,118,660$1,229,668$716,845$3,157,500
77$5,589,469$1,238,628$689,564$3,391,948
78$6,106,685$1,246,410$659,755$3,648,913
79$6,674,989$1,252,907$627,279$3,930,699
80$7,299,542$1,258,003$591,997$4,239,851
81$7,986,026$1,261,576$553,759$4,579,174
82$8,740,702$1,263,495$512,412$4,951,762
83$9,570,468$1,263,620$467,792$5,361,028
84$10,482,924$1,261,806$419,731$5,810,736
85$11,486,443$1,257,895$368,053$6,305,037
86$12,590,250$1,251,722$312,573$6,848,510
87$13,804,509$1,243,110$253,098$7,446,204
88$15,140,420$1,231,873$189,427$8,103,688
89$16,610,321$1,217,813$121,351$8,827,101
90$18,227,807$1,200,719$48,650$9,623,216
91$20,007,859$1,180,370$0$10,499,499
92$21,966,981$1,156,529$0$11,471,903
93$24,123,362$1,128,947$0$12,556,139
94$26,497,039$1,097,360$0$13,749,293
95$29,110,094$1,061,488$0$15,062,473
96$31,986,856$1,021,034$0$16,507,922
97$35,154,136$975,685$0$18,099,133
98$38,641,474$925,109$0$19,850,981
99$42,481,421$868,956$0$21,779,860
100$46,709,846$806,855$0$23,903,837