Can I retire at age 55 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$71,266$70,631$70,012$69,407$68,817$66,139
2 years$35,280$34,623$33,986$33,369$32,770$30,104
3 years$23,286$22,627$21,991$21,380$20,791$18,221
4 years$17,291$16,633$16,004$15,403$14,828$12,374
5 years$13,694$13,040$12,420$11,831$11,272$8,940
6 years$11,297$10,648$10,037$9,461$8,919$6,711
7 years$9,586$8,943$8,341$7,779$7,254$5,168
8 years$8,303$7,665$7,074$6,525$6,018$4,053
9 years$7,306$6,674$6,093$5,558$5,068$3,221
10 years$6,508$5,883$5,312$4,791$4,318$2,586
11 years$5,856$5,237$4,676$4,170$3,714$2,092
12 years$5,314$4,701$4,150$3,657$3,218$1,703
13 years$4,855$4,248$3,708$3,229$2,806$1,393
14 years$4,461$3,861$3,331$2,866$2,460$1,143
15 years$4,121$3,527$3,008$2,556$2,166$941
16 years$3,823$3,236$2,727$2,289$1,914$777
17 years$3,561$2,981$2,482$2,056$1,697$643
18 years$3,328$2,754$2,265$1,853$1,509$533
19 years$3,120$2,553$2,074$1,675$1,345$442
20 years$2,933$2,372$1,903$1,517$1,202$367
21 years$2,764$2,209$1,751$1,376$1,075$305
22 years$2,611$2,062$1,613$1,252$964$254
23 years$2,471$1,929$1,490$1,140$865$212
24 years$2,343$1,807$1,378$1,040$778$176
25 years$2,225$1,696$1,276$949$700$147
26 years$2,117$1,594$1,184$868$630$123
27 years$2,016$1,500$1,099$795$568$102
28 years$1,923$1,414$1,022$728$513$85
29 years$1,837$1,334$951$668$463$71
30 years$1,757$1,259$886$613$418$59
31 years$1,682$1,191$826$563$378$50
32 years$1,611$1,126$770$517$342$41
33 years$1,546$1,067$719$476$310$35
34 years$1,484$1,011$672$438$280$29
35 years$1,425$959$628$403$254$24
36 years$1,371$910$588$371$230$20
37 years$1,319$864$550$342$209$17
38 years$1,270$822$515$315$189$14
39 years$1,224$781$483$290$171$12
40 years$1,180$743$452$268$155$10
41 years$1,138$708$424$247$141$8
42 years$1,099$674$398$228$128$7
43 years$1,061$642$373$211$116$6
44 years$1,025$612$350$194$105$5
45 years$991$584$329$180$96$4
46 years$959$557$309$166$87$3
47 years$928$531$290$153$79$3
48 years$898$507$273$142$72$2
49 years$870$484$256$131$65$2
50 years$843$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $863,000, adding $4,410 every year, while hoping to spend $31,486 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: 43/33/24 Blend
54$863,000$863,000$863,000$863,000
55$955,575$909,836$896,459$989,815
56$1,019,543$920,917$892,990$1,025,692
57$1,088,980$931,486$888,349$1,061,175
58$1,164,411$941,484$882,464$1,098,994
59$1,246,414$950,849$875,259$1,139,383
60$1,335,622$959,515$866,655$1,182,600
61$1,432,735$967,411$856,567$1,228,931
62$1,538,522$974,462$844,910$1,278,692
63$1,653,827$980,587$831,590$1,332,233
64$1,779,583$985,701$816,514$1,389,944
65$1,916,813$989,713$799,580$1,452,252
66$2,066,646$992,526$780,683$1,519,634
67$2,230,322$994,039$759,715$1,592,614
68$2,409,209$994,141$736,560$1,671,775
69$2,604,812$992,717$711,098$1,757,759
70$2,818,787$989,644$683,204$1,851,278
71$3,052,958$984,792$652,746$1,953,118
72$3,309,334$978,021$619,587$2,064,151
73$3,590,128$969,185$583,585$2,185,337
74$3,897,774$958,129$544,588$2,317,740
75$4,234,956$944,686$502,441$2,462,535
76$4,604,629$928,682$456,980$2,621,021
77$5,010,045$909,932$408,033$2,794,634
78$5,454,790$888,240$355,423$2,984,960
79$5,942,812$863,396$298,962$3,193,751
80$6,478,458$835,182$238,456$3,422,944
81$7,066,518$803,363$173,702$3,674,677
82$7,712,269$767,695$104,488$3,951,313
83$8,421,523$727,914$30,591$4,255,461
84$9,200,684$683,747$0$4,590,003
85$10,056,803$634,901$0$4,970,480
86$10,997,653$581,067$0$5,397,208
87$12,031,794$521,919$0$5,866,290
88$13,168,657$457,113$0$6,382,073
89$14,418,634$386,285$0$6,949,356
90$15,793,171$309,050$0$7,573,429
91$17,304,882$225,001$0$8,260,128
92$18,967,663$133,709$0$9,015,888
93$20,796,824$34,720$0$9,847,808
94$22,809,235$0$0$10,763,714
95$25,023,484$0$0$11,798,546
96$27,460,048$0$0$12,951,275
97$30,141,493$0$0$14,219,985
98$33,092,682$0$0$15,616,455
99$36,341,010$0$0$17,153,665
100$39,916,663$0$0$18,845,917