Can I retire at age 55 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$71,596$70,958$70,336$69,729$69,136$66,498
2 years$35,444$34,783$34,144$33,523$32,922$30,295
3 years$23,394$22,731$22,093$21,479$20,887$18,354
4 years$17,371$16,710$16,078$15,474$14,897$12,477
5 years$13,758$13,101$12,477$11,886$11,324$9,024
6 years$11,350$10,698$10,084$9,505$8,961$6,782
7 years$9,631$8,984$8,379$7,815$7,287$5,229
8 years$8,342$7,701$7,106$6,556$6,046$4,105
9 years$7,340$6,705$6,121$5,584$5,091$3,267
10 years$6,539$5,910$5,336$4,813$4,338$2,626
11 years$5,884$5,261$4,698$4,189$3,731$2,127
12 years$5,338$4,722$4,169$3,674$3,233$1,733
13 years$4,877$4,268$3,725$3,244$2,819$1,420
14 years$4,482$3,879$3,347$2,880$2,471$1,167
15 years$4,140$3,544$3,022$2,568$2,176$963
16 years$3,841$3,251$2,740$2,299$1,923$796
17 years$3,578$2,994$2,493$2,066$1,705$659
18 years$3,344$2,767$2,276$1,862$1,516$547
19 years$3,135$2,564$2,083$1,682$1,351$455
20 years$2,947$2,383$1,912$1,524$1,207$378
21 years$2,777$2,220$1,759$1,383$1,080$315
22 years$2,623$2,072$1,621$1,257$968$263
23 years$2,482$1,938$1,497$1,145$869$219
24 years$2,353$1,816$1,384$1,044$781$183
25 years$2,235$1,704$1,282$954$703$153
26 years$2,126$1,601$1,189$872$633$128
27 years$2,026$1,507$1,104$798$571$107
28 years$1,932$1,420$1,026$731$515$89
29 years$1,846$1,340$955$671$465$74
30 years$1,765$1,265$890$616$420$62
31 years$1,689$1,196$829$565$380$52
32 years$1,619$1,132$774$520$344$44
33 years$1,553$1,072$723$478$311$36
34 years$1,491$1,016$675$440$282$30
35 years$1,432$963$631$405$255$25
36 years$1,377$914$590$373$231$21
37 years$1,325$868$553$343$209$18
38 years$1,276$825$518$316$190$15
39 years$1,229$785$485$292$172$12
40 years$1,185$747$454$269$156$10
41 years$1,144$711$426$248$142$9
42 years$1,104$677$400$229$129$7
43 years$1,066$645$375$212$117$6
44 years$1,030$615$352$195$106$5
45 years$996$586$331$180$96$4
46 years$963$559$311$167$87$4
47 years$932$534$292$154$79$3
48 years$902$510$274$142$72$3
49 years$874$487$258$131$65$2
50 years$846$465$242$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $867,000, adding $5,661 every year, while hoping to spend $33,423 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: 66/12/22 Blend
54$867,000$867,000$867,000$867,000
55$961,273$915,322$901,884$1,018,965
56$1,023,761$924,611$896,535$1,067,703
57$1,091,503$933,235$889,887$1,116,637
58$1,164,999$941,126$881,861$1,169,353
59$1,244,799$948,212$872,374$1,226,225
60$1,331,510$954,416$861,339$1,287,662
61$1,425,797$959,655$848,667$1,354,120
62$1,528,393$963,843$834,263$1,426,097
63$1,640,105$966,887$818,026$1,504,148
64$1,761,820$968,688$799,854$1,588,880
65$1,894,514$969,142$779,637$1,680,967
66$2,039,261$968,138$757,262$1,781,150
67$2,197,246$965,556$732,610$1,890,249
68$2,369,769$961,273$705,557$2,009,165
69$2,558,264$955,154$675,972$2,138,895
70$2,764,310$947,059$643,719$2,280,539
71$2,989,642$936,838$608,657$2,435,309
72$3,236,175$924,332$570,637$2,604,542
73$3,506,015$909,374$529,502$2,789,714
74$3,801,480$891,785$485,092$2,992,453
75$4,125,125$871,376$437,237$3,214,554
76$4,479,762$847,948$385,759$3,457,998
77$4,868,489$821,289$330,473$3,724,969
78$5,294,718$791,176$271,187$4,017,876
79$5,762,206$757,370$207,699$4,339,377
80$6,275,092$719,622$139,798$4,692,403
81$6,837,934$677,666$67,264$5,080,186
82$7,455,754$631,222$0$5,506,291
83$8,134,082$579,993$0$5,977,029
84$8,879,012$523,666$0$6,511,361
85$9,697,255$461,910$0$7,098,320
86$10,596,205$394,374$0$7,743,239
87$11,584,008$320,688$0$8,451,995
88$12,669,637$240,462$0$9,231,066
89$13,862,978$153,282$0$10,087,589
90$15,174,922$58,714$0$11,029,430
91$16,617,469$0$0$12,065,259
92$18,203,840$0$0$13,210,400
93$19,948,598$0$0$14,478,465
94$21,867,793$0$0$15,873,372
95$23,979,106$0$0$17,407,980
96$26,302,018$0$0$19,096,456
97$28,857,994$0$0$20,954,412
98$31,670,684$0$0$22,999,048
99$34,766,147$0$0$25,249,317
100$38,173,097$0$0$27,726,101