Can I retire at age 55 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$71,348$70,713$70,093$69,488$68,897$67,644
2 years$35,321$34,663$34,026$33,407$32,808$31,550
3 years$23,313$22,653$22,017$21,404$20,815$19,591
4 years$17,311$16,652$16,023$15,421$14,845$13,666
5 years$13,710$13,055$12,434$11,845$11,285$10,153
6 years$11,311$10,661$10,049$9,472$8,930$7,845
7 years$9,597$8,953$8,350$7,788$7,262$6,227
8 years$8,313$7,674$7,082$6,533$6,025$5,037
9 years$7,314$6,682$6,100$5,565$5,074$4,134
10 years$6,516$5,890$5,318$4,797$4,323$3,431
11 years$5,863$5,243$4,682$4,175$3,718$2,871
12 years$5,320$4,706$4,155$3,662$3,222$2,420
13 years$4,860$4,253$3,712$3,233$2,810$2,051
14 years$4,467$3,866$3,335$2,870$2,463$1,747
15 years$4,126$3,531$3,011$2,559$2,168$1,493
16 years$3,828$3,240$2,730$2,291$1,916$1,281
17 years$3,565$2,984$2,484$2,059$1,699$1,101
18 years$3,332$2,757$2,268$1,855$1,511$949
19 years$3,124$2,555$2,076$1,677$1,347$820
20 years$2,936$2,375$1,905$1,518$1,203$709
21 years$2,767$2,212$1,753$1,378$1,076$614
22 years$2,614$2,065$1,615$1,253$965$533
23 years$2,474$1,931$1,491$1,141$866$462
24 years$2,345$1,809$1,379$1,041$779$402
25 years$2,228$1,698$1,278$951$701$349
26 years$2,119$1,596$1,185$869$631$304
27 years$2,019$1,502$1,100$795$569$265
28 years$1,926$1,415$1,023$729$513$231
29 years$1,839$1,335$952$668$464$201
30 years$1,759$1,261$887$613$419$175
31 years$1,684$1,192$827$563$379$153
32 years$1,613$1,128$771$518$343$133
33 years$1,547$1,068$720$476$310$116
34 years$1,485$1,012$673$438$281$102
35 years$1,427$960$629$403$254$89
36 years$1,372$911$588$371$230$77
37 years$1,320$865$551$342$209$68
38 years$1,271$823$516$315$189$59
39 years$1,225$782$483$291$172$52
40 years$1,181$744$453$268$156$45
41 years$1,140$708$425$247$141$39
42 years$1,100$675$398$228$128$34
43 years$1,062$643$374$211$116$30
44 years$1,027$613$351$195$106$26
45 years$992$584$329$180$96$23
46 years$960$557$309$166$87$20
47 years$929$532$291$153$79$18
48 years$899$508$273$142$72$15
49 years$871$485$257$131$65$13
50 years$844$463$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $864,000, adding $6,511 every year, while hoping to spend $50,863 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: 47/41/12 Blend
54$864,000$864,000$864,000$864,000
55$958,844$913,052$899,660$1,000,410
56$1,002,528$903,674$875,681$1,020,412
57$1,048,964$892,131$849,194$1,036,336
58$1,098,377$878,265$820,061$1,052,479
59$1,151,017$861,905$788,138$1,068,879
60$1,207,155$842,873$753,275$1,085,580
61$1,267,089$820,978$715,314$1,102,637
62$1,331,146$796,019$674,091$1,120,111
63$1,399,683$767,785$629,433$1,138,075
64$1,473,093$736,049$581,162$1,156,614
65$1,551,806$700,573$529,088$1,175,824
66$1,636,294$661,105$473,017$1,195,817
67$1,727,076$617,378$412,742$1,216,723
68$1,824,719$569,111$348,051$1,238,687
69$1,929,849$516,006$278,719$1,261,877
70$2,043,151$457,748$204,513$1,286,485
71$2,165,378$394,003$125,189$1,312,727
72$2,297,357$324,420$40,494$1,340,849
73$2,439,998$248,627$0$1,371,130
74$2,594,301$166,233$0$1,410,272
75$2,761,363$76,822$0$1,458,191
76$2,942,393$0$0$1,510,133
77$3,138,718$0$0$1,575,630
78$3,351,798$0$0$1,684,417
79$3,583,240$0$0$1,802,664
80$3,834,810$0$0$1,931,285
81$4,108,451$0$0$2,071,285
82$4,406,303$0$0$2,223,770
83$4,730,717$0$0$2,389,956
84$5,084,283$0$0$2,571,184
85$5,469,850$0$0$2,768,926
86$5,890,555$0$0$2,984,806
87$6,349,849$0$0$3,220,609
88$6,851,533$0$0$3,478,302
89$7,399,789$0$0$3,760,048
90$7,999,223$0$0$4,068,233
91$8,654,907$0$0$4,405,478
92$9,372,423$0$0$4,774,675
93$10,157,918$0$0$5,179,005
94$11,018,164$0$0$5,621,972
95$11,960,616$0$0$6,107,435
96$12,993,483$0$0$6,639,644
97$14,125,809$0$0$7,223,279
98$15,367,552$0$0$7,863,497
99$16,729,682$0$0$8,565,975
100$18,224,279$0$0$9,336,969