Can I retire at age 55 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$71,101$70,467$69,849$69,246$68,657$67,079
2 years$35,198$34,543$33,907$33,291$32,694$31,113
3 years$23,232$22,574$21,940$21,330$20,742$19,208
4 years$17,251$16,594$15,967$15,367$14,794$13,317
5 years$13,663$13,010$12,391$11,803$11,246$9,831
6 years$11,271$10,624$10,014$9,439$8,898$7,548
7 years$9,564$8,922$8,322$7,761$7,237$5,950
8 years$8,284$7,648$7,057$6,510$6,004$4,780
9 years$7,289$6,659$6,078$5,545$5,056$3,895
10 years$6,493$5,869$5,299$4,780$4,308$3,208
11 years$5,843$5,225$4,665$4,160$3,705$2,665
12 years$5,301$4,690$4,140$3,649$3,211$2,229
13 years$4,843$4,238$3,699$3,221$2,800$1,874
14 years$4,451$3,852$3,324$2,860$2,454$1,583
15 years$4,111$3,519$3,001$2,550$2,161$1,342
16 years$3,815$3,229$2,721$2,284$1,910$1,141
17 years$3,553$2,974$2,476$2,052$1,693$973
18 years$3,321$2,748$2,260$1,849$1,506$831
19 years$3,113$2,547$2,069$1,671$1,342$711
20 years$2,926$2,366$1,899$1,513$1,199$610
21 years$2,758$2,204$1,747$1,373$1,073$523
22 years$2,605$2,058$1,610$1,249$962$450
23 years$2,465$1,924$1,486$1,137$863$387
24 years$2,337$1,803$1,375$1,037$776$333
25 years$2,220$1,692$1,273$947$698$287
26 years$2,112$1,590$1,181$866$629$247
27 years$2,012$1,497$1,096$793$567$213
28 years$1,919$1,410$1,019$726$512$184
29 years$1,833$1,330$949$666$462$159
30 years$1,753$1,256$884$611$417$137
31 years$1,678$1,188$824$561$377$118
32 years$1,608$1,124$769$516$341$102
33 years$1,542$1,064$718$474$309$88
34 years$1,480$1,009$670$437$280$76
35 years$1,422$957$627$402$253$66
36 years$1,367$908$586$370$230$57
37 years$1,316$862$549$341$208$49
38 years$1,267$820$514$314$189$43
39 years$1,221$779$482$290$171$37
40 years$1,177$742$451$267$155$32
41 years$1,136$706$423$247$141$28
42 years$1,096$672$397$228$128$24
43 years$1,059$641$373$210$116$21
44 years$1,023$611$350$194$105$18
45 years$989$582$328$179$96$15
46 years$957$555$308$165$87$13
47 years$926$530$290$153$79$12
48 years$896$506$272$141$72$10
49 years$868$483$256$131$65$9
50 years$841$462$241$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $861,000, adding $3,303 every year, while hoping to spend $44,705 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: 87/5/8 Blend
54$861,000$861,000$861,000$861,000
55$952,229$906,596$893,251$1,034,025
56$1,001,791$903,453$875,609$1,084,703
57$1,054,909$898,659$855,877$1,133,888
58$1,111,900$892,083$833,940$1,186,514
59$1,173,110$883,592$809,673$1,242,896
60$1,238,919$873,039$782,949$1,303,381
61$1,309,745$860,274$753,633$1,368,350
62$1,386,044$845,133$721,586$1,438,222
63$1,468,322$827,446$686,660$1,513,459
64$1,557,131$807,030$648,702$1,594,569
65$1,653,077$783,694$607,553$1,682,111
66$1,756,829$757,233$563,045$1,776,701
67$1,869,121$727,433$515,002$1,879,016
68$1,990,760$694,065$463,243$1,989,804
69$2,122,631$656,888$407,575$2,109,886
70$2,265,711$615,648$347,801$2,240,168
71$2,421,072$570,073$283,711$2,381,646
72$2,589,895$519,879$215,088$2,535,421
73$2,773,476$464,765$141,705$2,702,700
74$2,973,243$404,412$63,325$2,884,818
75$3,190,769$338,483$0$3,083,242
76$3,427,781$266,622$0$3,301,325
77$3,686,183$188,455$0$3,544,996
78$3,968,067$103,583$0$3,810,831
79$4,275,740$11,588$0$4,101,017
80$4,611,737$0$0$4,417,963
81$4,978,852$0$0$4,769,163
82$5,380,159$0$0$5,153,778
83$5,819,044$0$0$5,574,416
84$6,299,234$0$0$6,034,650
85$6,824,832$0$0$6,538,415
86$7,400,358$0$0$7,090,043
87$8,030,789$0$0$7,694,306
88$8,721,605$0$0$8,356,457
89$9,478,842$0$0$9,082,283
90$10,309,147$0$0$9,878,158
91$11,219,843$0$0$10,751,101
92$12,218,993$0$0$11,708,843
93$13,315,480$0$0$12,759,901
94$14,519,089$0$0$13,913,654
95$15,840,597$0$0$15,180,436
96$17,291,877$0$0$16,571,628
97$18,886,007$0$0$18,099,771
98$20,637,394$0$0$19,778,675
99$22,561,910$0$0$21,623,558
100$24,677,042$0$0$23,651,185