Can I retire at age 55 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$71,018$70,385$69,768$69,166$68,578$68,088
2 years$35,157$34,503$33,868$33,253$32,656$32,163
3 years$23,205$22,548$21,915$21,305$20,718$20,236
4 years$17,231$16,575$15,948$15,349$14,776$14,309
5 years$13,647$12,995$12,377$11,790$11,233$10,782
6 years$11,258$10,611$10,002$9,428$8,888$8,454
7 years$9,553$8,911$8,312$7,752$7,228$6,811
8 years$8,274$7,639$7,049$6,503$5,997$5,597
9 years$7,280$6,651$6,071$5,539$5,050$4,667
10 years$6,486$5,862$5,293$4,774$4,303$3,937
11 years$5,836$5,219$4,660$4,155$3,701$3,351
12 years$5,295$4,684$4,136$3,645$3,207$2,873
13 years$4,838$4,233$3,695$3,218$2,796$2,479
14 years$4,446$3,848$3,320$2,856$2,451$2,149
15 years$4,107$3,515$2,997$2,547$2,158$1,871
16 years$3,810$3,225$2,718$2,281$1,908$1,635
17 years$3,549$2,970$2,473$2,049$1,691$1,433
18 years$3,317$2,745$2,257$1,847$1,504$1,259
19 years$3,109$2,544$2,067$1,669$1,340$1,109
20 years$2,923$2,364$1,897$1,511$1,197$978
21 years$2,754$2,202$1,745$1,372$1,071$865
22 years$2,601$2,055$1,608$1,247$960$765
23 years$2,462$1,922$1,485$1,136$862$678
24 years$2,334$1,801$1,373$1,036$775$602
25 years$2,217$1,690$1,272$946$697$535
26 years$2,109$1,588$1,179$865$628$475
27 years$2,009$1,495$1,095$792$566$423
28 years$1,917$1,409$1,018$725$511$377
29 years$1,831$1,329$947$665$461$335
30 years$1,751$1,255$882$611$417$299
31 years$1,676$1,186$823$561$377$267
32 years$1,606$1,123$768$515$341$238
33 years$1,540$1,063$717$474$309$212
34 years$1,479$1,008$670$436$279$190
35 years$1,421$956$626$401$253$169
36 years$1,366$907$586$370$229$151
37 years$1,314$861$548$341$208$135
38 years$1,266$819$513$314$188$121
39 years$1,219$779$481$289$171$108
40 years$1,176$741$451$267$155$96
41 years$1,134$705$423$246$141$86
42 years$1,095$671$397$227$128$77
43 years$1,057$640$372$210$116$69
44 years$1,022$610$349$194$105$62
45 years$988$582$328$179$95$55
46 years$955$555$308$165$87$49
47 years$925$529$289$153$79$44
48 years$895$505$272$141$71$40
49 years$867$483$256$130$65$35
50 years$840$461$240$121$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $860,000, adding $5,820 every year, while hoping to spend $54,891 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: 39/36/25 Blend
54$860,000$860,000$860,000$860,000
55$953,723$908,143$894,813$983,645
56$992,600$894,239$866,386$991,995
57$1,033,601$877,813$835,167$995,468
58$1,076,888$858,685$801,004$998,147
59$1,122,632$836,662$763,739$999,990
60$1,171,023$811,541$723,207$1,000,961
61$1,222,267$783,106$679,234$1,001,022
62$1,276,590$751,130$631,640$1,000,138
63$1,334,237$715,371$580,235$998,274
64$1,395,479$675,574$524,823$995,399
65$1,460,610$631,469$465,196$991,484
66$1,529,952$582,771$401,140$986,505
67$1,603,858$529,178$332,430$980,441
68$1,682,715$470,371$258,829$973,279
69$1,766,947$406,013$180,095$965,008
70$1,857,016$335,749$95,969$955,629
71$1,953,433$259,202$6,185$945,148
72$2,056,755$175,974$0$933,585
73$2,167,594$85,647$0$944,876
74$2,286,621$0$0$958,472
75$2,414,574$0$0$977,702
76$2,552,262$0$0$1,034,986
77$2,700,573$0$0$1,096,777
78$2,860,484$0$0$1,163,491
79$3,033,065$0$0$1,235,587
80$3,219,496$0$0$1,313,571
81$3,421,069$0$0$1,397,995
82$3,639,209$0$0$1,489,469
83$3,875,478$0$0$1,588,663
84$4,131,596$0$0$1,696,314
85$4,409,454$0$0$1,813,232
86$4,711,132$0$0$1,940,308
87$5,038,916$0$0$2,078,523
88$5,395,322$0$0$2,228,956
89$5,783,118$0$0$2,392,793
90$6,205,350$0$0$2,571,340
91$6,665,369$0$0$2,766,036
92$7,166,862$0$0$2,978,462
93$7,713,889$0$0$3,210,359
94$8,310,917$0$0$3,463,645
95$8,962,864$0$0$3,740,429
96$9,675,142$0$0$4,043,036
97$10,453,712$0$0$4,374,022
98$11,305,134$0$0$4,736,206
99$12,236,634$0$0$5,132,686
100$13,256,166$0$0$5,566,880