Can I retire at age 55 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$70,853$70,222$69,606$69,005$68,418$66,548
2 years$35,076$34,422$33,789$33,175$32,580$30,710
3 years$23,151$22,495$21,864$21,256$20,670$18,858
4 years$17,191$16,537$15,911$15,314$14,742$13,002
5 years$13,615$12,965$12,348$11,762$11,207$9,544
6 years$11,232$10,587$9,979$9,406$8,867$7,283
7 years$9,531$8,891$8,293$7,734$7,212$5,706
8 years$8,255$7,621$7,033$6,487$5,983$4,555
9 years$7,264$6,635$6,057$5,526$5,038$3,687
10 years$6,471$5,849$5,281$4,763$4,293$3,016
11 years$5,823$5,207$4,649$4,146$3,692$2,488
12 years$5,283$4,673$4,126$3,636$3,199$2,066
13 years$4,826$4,223$3,686$3,210$2,790$1,724
14 years$4,436$3,839$3,312$2,850$2,446$1,445
15 years$4,097$3,507$2,990$2,541$2,153$1,216
16 years$3,801$3,218$2,711$2,276$1,903$1,026
17 years$3,541$2,963$2,467$2,045$1,687$868
18 years$3,309$2,738$2,252$1,843$1,500$735
19 years$3,102$2,538$2,062$1,665$1,337$624
20 years$2,916$2,358$1,892$1,508$1,195$531
21 years$2,748$2,197$1,740$1,369$1,069$452
22 years$2,595$2,050$1,604$1,244$958$385
23 years$2,456$1,918$1,481$1,133$860$328
24 years$2,329$1,797$1,370$1,034$773$280
25 years$2,212$1,686$1,269$944$696$239
26 years$2,104$1,585$1,177$863$627$204
27 years$2,005$1,491$1,093$790$565$174
28 years$1,912$1,405$1,016$724$510$149
29 years$1,826$1,326$945$664$460$128
30 years$1,747$1,252$880$609$416$109
31 years$1,672$1,184$821$559$376$93
32 years$1,602$1,120$766$514$340$80
33 years$1,537$1,061$715$473$308$68
34 years$1,475$1,005$668$435$279$59
35 years$1,417$953$625$400$252$50
36 years$1,363$905$584$369$229$43
37 years$1,311$859$547$340$207$37
38 years$1,263$817$512$313$188$32
39 years$1,217$777$480$289$170$27
40 years$1,173$739$450$266$155$23
41 years$1,132$703$422$246$140$20
42 years$1,092$670$396$227$127$17
43 years$1,055$638$371$209$115$15
44 years$1,019$608$348$193$105$12
45 years$986$580$327$179$95$11
46 years$953$553$307$165$86$9
47 years$922$528$289$152$78$8
48 years$893$504$271$141$71$7
49 years$865$482$255$130$65$6
50 years$838$460$240$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $858,000, adding $4,538 every year, while hoping to spend $54,561 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: 72/18/10 Blend
54$858,000$858,000$858,000$858,000
55$950,197$904,723$891,424$1,016,482
56$989,065$891,002$863,234$1,047,187
57$1,030,068$874,780$832,271$1,073,615
58$1,073,368$855,877$798,385$1,101,060
59$1,119,138$834,102$761,418$1,129,611
60$1,167,570$809,253$721,205$1,159,363
61$1,218,872$781,116$677,576$1,190,423
62$1,273,271$749,465$630,349$1,222,911
63$1,331,017$714,060$579,337$1,256,960
64$1,392,380$674,649$524,345$1,292,718
65$1,457,659$630,963$465,166$1,330,348
66$1,527,179$582,719$401,588$1,370,035
67$1,601,296$529,617$333,386$1,411,981
68$1,680,401$471,341$260,328$1,456,412
69$1,764,922$407,557$182,169$1,503,580
70$1,855,327$337,910$98,654$1,553,763
71$1,952,131$262,028$9,519$1,607,272
72$2,055,896$179,515$0$1,664,452
73$2,167,243$89,956$0$1,734,818
74$2,286,848$0$0$1,811,338
75$2,415,457$0$0$1,894,904
76$2,553,888$0$0$2,004,060
77$2,703,038$0$0$2,121,699
78$2,863,895$0$0$2,248,605
79$3,037,541$0$0$2,385,635
80$3,225,167$0$0$2,533,734
81$3,428,082$0$0$2,693,940
82$3,647,723$0$0$2,867,391
83$3,885,671$0$0$3,055,344
84$4,143,666$0$0$3,259,174
85$4,423,619$0$0$3,480,400
86$4,727,631$0$0$3,720,687
87$5,058,016$0$0$3,981,870
88$5,417,318$0$0$4,265,966
89$5,808,335$0$0$4,575,196
90$6,234,147$0$0$4,912,001
91$6,698,143$0$0$5,279,069
92$7,204,051$0$0$5,679,359
93$7,755,978$0$0$6,116,126
94$8,358,440$0$0$6,592,953
95$9,016,410$0$0$7,113,786
96$9,735,365$0$0$7,682,967
97$10,521,329$0$0$8,305,277
98$11,380,941$0$0$8,985,980
99$12,321,505$0$0$9,730,872
100$13,351,068$0$0$10,546,335