Can I retire at age 55 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$70,770$70,140$69,525$68,925$68,338$65,627
2 years$35,035$34,382$33,750$33,137$32,542$29,844
3 years$23,125$22,469$21,838$21,231$20,646$18,046
4 years$17,171$16,517$15,893$15,296$14,725$12,243
5 years$13,599$12,950$12,333$11,749$11,194$8,836
6 years$11,219$10,574$9,967$9,395$8,857$6,626
7 years$9,519$8,880$8,283$7,725$7,203$5,097
8 years$8,245$7,612$7,025$6,480$5,976$3,992
9 years$7,255$6,628$6,050$5,519$5,032$3,169
10 years$6,463$5,842$5,275$4,758$4,288$2,541
11 years$5,816$5,201$4,644$4,141$3,688$2,053
12 years$5,277$4,668$4,121$3,632$3,196$1,668
13 years$4,821$4,218$3,682$3,206$2,787$1,363
14 years$4,430$3,834$3,308$2,846$2,443$1,117
15 years$4,092$3,503$2,987$2,538$2,151$919
16 years$3,797$3,214$2,708$2,273$1,901$757
17 years$3,536$2,960$2,464$2,042$1,686$626
18 years$3,305$2,735$2,250$1,840$1,499$518
19 years$3,098$2,535$2,059$1,663$1,336$429
20 years$2,913$2,355$1,890$1,506$1,193$356
21 years$2,745$2,194$1,738$1,367$1,068$295
22 years$2,592$2,048$1,602$1,243$957$245
23 years$2,453$1,915$1,479$1,132$859$204
24 years$2,326$1,795$1,368$1,032$772$170
25 years$2,209$1,684$1,267$943$695$141
26 years$2,102$1,583$1,175$862$626$118
27 years$2,002$1,490$1,091$789$564$98
28 years$1,910$1,404$1,015$723$509$82
29 years$1,824$1,324$944$663$460$68
30 years$1,744$1,251$879$608$415$57
31 years$1,670$1,182$820$559$376$47
32 years$1,600$1,119$765$514$340$39
33 years$1,535$1,059$714$472$307$33
34 years$1,473$1,004$667$435$278$27
35 years$1,416$952$624$400$252$23
36 years$1,361$904$584$368$228$19
37 years$1,310$858$546$339$207$16
38 years$1,261$816$512$313$188$13
39 years$1,215$776$479$288$170$11
40 years$1,172$738$449$266$154$9
41 years$1,130$703$421$245$140$8
42 years$1,091$669$395$227$127$6
43 years$1,054$638$371$209$115$5
44 years$1,018$608$348$193$105$4
45 years$984$580$327$178$95$4
46 years$952$553$307$165$86$3
47 years$921$528$288$152$78$3
48 years$892$504$271$141$71$2
49 years$864$481$255$130$65$2
50 years$837$459$239$120$59$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $857,000, adding $5,881 every year, while hoping to spend $43,351 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: 68/26/6 Blend
54$857,000$857,000$857,000$857,000
55$950,480$905,059$891,776$1,013,887
56$1,001,304$903,282$875,525$1,054,869
57$1,055,859$899,965$857,277$1,093,836
58$1,114,480$894,986$836,919$1,135,270
59$1,177,534$888,218$814,333$1,179,404
60$1,245,425$879,523$789,396$1,226,496
61$1,318,597$868,758$761,979$1,276,829
62$1,397,535$855,768$731,946$1,330,720
63$1,482,774$840,392$699,157$1,388,515
64$1,574,903$822,457$663,465$1,450,600
65$1,674,567$801,781$624,715$1,517,398
66$1,782,476$778,171$582,746$1,589,381
67$1,899,410$751,423$537,390$1,667,066
68$2,026,228$721,321$488,470$1,751,026
69$2,163,873$687,636$435,804$1,841,896
70$2,313,384$650,126$379,199$1,940,376
71$2,475,902$608,535$318,455$2,047,238
72$2,652,683$562,592$253,362$2,163,339
73$2,845,109$512,011$183,702$2,289,621
74$3,054,701$456,491$109,247$2,427,129
75$3,283,132$395,711$29,759$2,577,013
76$3,532,244$329,333$0$2,740,548
77$3,804,064$257,001$0$2,922,663
78$4,100,823$178,339$0$3,123,649
79$4,424,976$92,947$0$3,343,331
80$4,779,228$406$0$3,583,619
81$5,166,556$0$0$3,846,624
82$5,590,236$0$0$4,163,206
83$6,053,877$0$0$4,509,824
84$6,561,452$0$0$4,889,339
85$7,117,338$0$0$5,305,030
86$7,726,352$0$0$5,760,506
87$8,393,803$0$0$6,259,743
88$9,125,532$0$0$6,807,120
89$9,927,979$0$0$7,407,459
90$10,808,232$0$0$8,066,071
91$11,774,100$0$0$8,788,809
92$12,834,184$0$0$9,582,116
93$13,997,960$0$0$10,453,090
94$15,275,863$0$0$11,409,553
95$16,679,391$0$0$12,460,117
96$18,221,209$0$0$13,614,273
97$19,915,268$0$0$14,882,474
98$21,776,940$0$0$16,276,237
99$23,823,157$0$0$17,808,251
100$26,072,574$0$0$19,492,493