Can I retire at age 55 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$70,935$70,304$69,687$69,085$68,498$66,120
2 years$35,117$34,463$33,829$33,214$32,618$30,247
3 years$23,178$22,522$21,889$21,281$20,694$18,405
4 years$17,211$16,556$15,930$15,331$14,759$12,568
5 years$13,631$12,980$12,362$11,776$11,220$9,133
6 years$11,245$10,599$9,991$9,417$8,878$6,898
7 years$9,542$8,901$8,302$7,743$7,220$5,346
8 years$8,265$7,630$7,041$6,495$5,990$4,220
9 years$7,272$6,643$6,064$5,532$5,044$3,376
10 years$6,478$5,856$5,287$4,769$4,298$2,729
11 years$5,829$5,213$4,655$4,150$3,696$2,224
12 years$5,289$4,679$4,131$3,640$3,203$1,823
13 years$4,832$4,228$3,691$3,214$2,793$1,502
14 years$4,441$3,843$3,316$2,853$2,449$1,243
15 years$4,102$3,511$2,994$2,544$2,156$1,032
16 years$3,806$3,221$2,714$2,278$1,905$859
17 years$3,545$2,967$2,470$2,047$1,689$716
18 years$3,313$2,741$2,255$1,845$1,502$598
19 years$3,106$2,541$2,064$1,667$1,339$501
20 years$2,919$2,361$1,894$1,510$1,196$419
21 years$2,751$2,199$1,742$1,370$1,070$352
22 years$2,598$2,053$1,606$1,246$959$295
23 years$2,459$1,920$1,483$1,135$861$248
24 years$2,332$1,799$1,371$1,035$774$209
25 years$2,215$1,688$1,270$945$696$175
26 years$2,107$1,587$1,178$864$627$148
27 years$2,007$1,493$1,094$791$566$124
28 years$1,915$1,407$1,017$725$510$105
29 years$1,829$1,327$946$665$461$88
30 years$1,749$1,254$881$610$416$74
31 years$1,674$1,185$822$560$376$62
32 years$1,604$1,121$767$515$341$53
33 years$1,538$1,062$716$473$308$44
34 years$1,477$1,006$669$436$279$37
35 years$1,419$955$625$401$253$31
36 years$1,364$906$585$369$229$27
37 years$1,313$860$548$340$208$22
38 years$1,264$818$513$314$188$19
39 years$1,218$778$480$289$171$16
40 years$1,174$740$450$267$155$13
41 years$1,133$704$422$246$140$11
42 years$1,094$671$396$227$127$10
43 years$1,056$639$372$210$116$8
44 years$1,021$609$349$194$105$7
45 years$987$581$328$179$95$6
46 years$954$554$308$165$87$5
47 years$923$529$289$153$79$4
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$3
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $859,000, adding $5,620 every year, while hoping to spend $50,391 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: 49/43/8 Blend
54$859,000$859,000$859,000$859,000
55$952,415$906,888$893,574$996,808
56$995,946$897,710$869,893$1,018,597
57$1,042,228$886,393$843,729$1,036,445
58$1,091,488$872,780$814,948$1,054,653
59$1,143,976$856,702$783,405$1,073,268
60$1,199,965$837,984$748,952$1,092,345
61$1,259,752$816,436$711,433$1,111,948
62$1,323,666$791,860$670,684$1,132,151
63$1,392,064$764,045$626,537$1,153,038
64$1,465,340$732,770$578,812$1,174,707
65$1,543,927$697,797$527,323$1,197,270
66$1,628,296$658,878$471,877$1,220,853
67$1,718,968$615,748$412,271$1,245,601
68$1,816,513$568,130$348,293$1,271,680
69$1,921,557$515,729$279,720$1,299,276
70$2,034,788$458,232$206,323$1,328,601
71$2,156,962$395,310$127,860$1,359,895
72$2,288,908$326,616$44,079$1,393,429
73$2,431,538$251,782$0$1,429,507
74$2,585,856$170,420$0$1,472,343
75$2,752,962$82,120$0$1,522,721
76$2,934,068$0$0$1,577,333
77$3,130,507$0$0$1,643,105
78$3,343,744$0$0$1,756,758
79$3,575,389$0$0$1,880,305
80$3,827,215$0$0$2,014,700
81$4,101,173$0$0$2,160,996
82$4,399,406$0$0$2,320,350
83$4,724,277$0$0$2,494,033
84$5,078,383$0$0$2,683,449
85$5,464,583$0$0$2,890,137
86$5,886,024$0$0$3,115,797
87$6,346,170$0$0$3,362,297
88$6,848,833$0$0$3,631,693
89$7,398,212$0$0$3,926,250
90$7,998,927$0$0$4,248,462
91$8,656,067$0$0$4,601,075
92$9,375,235$0$0$4,987,111
93$10,162,600$0$0$5,409,899
94$11,024,955$0$0$5,873,106
95$11,969,783$0$0$6,380,769
96$13,005,321$0$0$6,937,335
97$14,140,646$0$0$7,547,702
98$15,385,750$0$0$8,217,262
99$16,751,641$0$0$8,951,958
100$18,250,445$0$0$9,758,334