Can I retire at age 55 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$71,513$70,876$70,255$69,648$69,056$67,551
2 years$35,403$34,743$34,104$33,485$32,884$31,375
3 years$23,367$22,705$22,068$21,454$20,863$19,398
4 years$17,351$16,691$16,060$15,456$14,880$13,469
5 years$13,742$13,086$12,463$11,872$11,311$9,960
6 years$11,337$10,685$10,072$9,494$8,950$7,659
7 years$9,619$8,974$8,370$7,806$7,279$6,048
8 years$8,332$7,692$7,098$6,548$6,039$4,867
9 years$7,331$6,697$6,114$5,577$5,085$3,973
10 years$6,531$5,903$5,330$4,808$4,333$3,279
11 years$5,877$5,255$4,693$4,184$3,726$2,729
12 years$5,332$4,717$4,165$3,670$3,229$2,287
13 years$4,871$4,263$3,721$3,240$2,816$1,927
14 years$4,477$3,875$3,343$2,876$2,468$1,631
15 years$4,135$3,540$3,018$2,565$2,173$1,385
16 years$3,837$3,248$2,737$2,297$1,921$1,180
17 years$3,574$2,991$2,490$2,064$1,703$1,008
18 years$3,340$2,764$2,273$1,860$1,514$863
19 years$3,131$2,561$2,081$1,680$1,350$741
20 years$2,943$2,380$1,910$1,522$1,206$636
21 years$2,774$2,217$1,757$1,381$1,079$547
22 years$2,620$2,070$1,619$1,256$967$471
23 years$2,479$1,936$1,495$1,144$868$406
24 years$2,351$1,814$1,383$1,043$780$351
25 years$2,233$1,702$1,281$953$702$303
26 years$2,124$1,599$1,188$871$632$262
27 years$2,023$1,505$1,103$797$570$226
28 years$1,930$1,418$1,025$731$515$196
29 years$1,843$1,338$954$670$465$169
30 years$1,763$1,264$889$615$420$146
31 years$1,687$1,195$828$565$380$127
32 years$1,617$1,130$773$519$343$110
33 years$1,551$1,070$722$477$311$95
34 years$1,489$1,015$674$439$281$82
35 years$1,430$962$630$404$255$71
36 years$1,375$913$590$372$231$62
37 years$1,323$867$552$343$209$54
38 years$1,274$824$517$316$190$46
39 years$1,228$784$484$291$172$40
40 years$1,184$746$454$269$156$35
41 years$1,142$710$426$248$142$30
42 years$1,103$676$399$229$128$26
43 years$1,065$644$375$211$117$23
44 years$1,029$614$352$195$106$20
45 years$995$586$330$180$96$17
46 years$962$559$310$166$87$15
47 years$931$533$291$154$79$13
48 years$901$509$274$142$72$11
49 years$873$486$257$131$65$10
50 years$846$464$242$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $866,000, adding $4,994 every year, while hoping to spend $43,015 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: 59/18/23 Blend
54$866,000$866,000$866,000$866,000
55$959,483$913,585$900,162$1,009,918
56$1,011,583$912,583$884,550$1,043,798
57$1,067,555$910,091$866,973$1,075,651
58$1,127,749$905,989$847,320$1,109,456
59$1,192,549$900,152$825,475$1,145,411
60$1,262,377$892,447$801,316$1,183,735
61$1,337,695$882,732$774,716$1,224,673
62$1,419,011$870,857$745,540$1,268,495
63$1,506,886$856,665$713,651$1,315,503
64$1,601,932$839,985$678,903$1,366,028
65$1,704,826$820,641$641,142$1,420,441
66$1,816,308$798,443$600,211$1,479,150
67$1,937,196$773,191$555,943$1,542,609
68$2,068,387$744,674$508,163$1,611,320
69$2,210,868$712,669$456,692$1,685,840
70$2,365,724$676,937$401,339$1,766,785
71$2,534,149$637,229$341,905$1,854,837
72$2,717,459$593,279$278,186$1,950,753
73$2,917,098$544,808$209,963$2,055,367
74$3,134,658$491,519$137,013$2,169,604
75$3,371,889$433,100$59,099$2,294,489
76$3,630,719$369,219$0$2,431,154
77$3,913,269$299,528$0$2,586,753
78$4,221,874$223,656$0$2,772,630
79$4,559,104$141,214$0$2,975,865
80$4,927,790$51,791$0$3,198,218
81$5,331,047$0$0$3,441,634
82$5,772,305$0$0$3,717,178
83$6,255,343$0$0$4,030,110
84$6,784,320$0$0$4,372,875
85$7,363,818$0$0$4,748,451
86$7,998,880$0$0$5,160,116
87$8,695,063$0$0$5,611,481
88$9,458,485$0$0$6,106,525
89$10,295,888$0$0$6,649,626
90$11,214,694$0$0$7,245,612
91$12,223,079$0$0$7,899,796
92$13,330,051$0$0$8,618,034
93$14,545,532$0$0$9,406,775
94$15,880,449$0$0$10,273,123
95$17,346,843$0$0$11,224,904
96$18,957,977$0$0$12,270,741
97$20,728,462$0$0$13,420,131
98$22,674,395$0$0$14,683,538
99$24,813,509$0$0$16,072,492
100$27,165,342$0$0$17,599,693