Can I retire at age 55 with 868,000?

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 $868,000?

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$71,679$71,040$70,417$69,809$69,216$67,625
2 years$35,484$34,824$34,183$33,562$32,960$31,366
3 years$23,421$22,758$22,119$21,504$20,911$19,364
4 years$17,391$16,729$16,097$15,492$14,914$13,425
5 years$13,774$13,116$12,492$11,899$11,337$9,911
6 years$11,363$10,710$10,095$9,516$8,971$7,609
7 years$9,642$8,994$8,389$7,824$7,296$5,998
8 years$8,351$7,710$7,115$6,563$6,052$4,819
9 years$7,348$6,713$6,128$5,590$5,097$3,927
10 years$6,546$5,917$5,342$4,819$4,343$3,234
11 years$5,890$5,268$4,703$4,194$3,735$2,687
12 years$5,344$4,728$4,174$3,679$3,237$2,247
13 years$4,883$4,273$3,729$3,248$2,823$1,889
14 years$4,487$3,884$3,351$2,883$2,474$1,596
15 years$4,145$3,548$3,025$2,571$2,178$1,353
16 years$3,846$3,255$2,743$2,302$1,925$1,150
17 years$3,582$2,998$2,496$2,068$1,707$981
18 years$3,348$2,770$2,278$1,864$1,518$838
19 years$3,138$2,567$2,086$1,684$1,353$717
20 years$2,950$2,386$1,914$1,525$1,208$615
21 years$2,780$2,222$1,761$1,384$1,081$528
22 years$2,626$2,074$1,623$1,259$969$453
23 years$2,485$1,940$1,498$1,146$870$390
24 years$2,356$1,818$1,386$1,046$782$336
25 years$2,238$1,706$1,283$955$704$289
26 years$2,129$1,603$1,190$873$634$249
27 years$2,028$1,509$1,105$799$572$215
28 years$1,935$1,422$1,028$732$516$185
29 years$1,848$1,341$956$671$466$160
30 years$1,767$1,267$891$616$421$138
31 years$1,691$1,197$830$566$380$119
32 years$1,621$1,133$775$520$344$103
33 years$1,554$1,073$723$478$311$89
34 years$1,492$1,017$676$440$282$77
35 years$1,434$965$632$405$255$66
36 years$1,379$915$591$373$231$57
37 years$1,327$870$553$344$210$50
38 years$1,277$826$518$317$190$43
39 years$1,231$786$485$292$172$37
40 years$1,187$748$455$269$156$32
41 years$1,145$712$427$249$142$28
42 years$1,105$678$400$229$129$24
43 years$1,067$646$376$212$117$21
44 years$1,031$616$353$196$106$18
45 years$997$587$331$181$96$16
46 years$964$560$311$167$87$13
47 years$933$534$292$154$79$12
48 years$903$510$274$142$72$10
49 years$875$487$258$132$65$9
50 years$847$465$243$122$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $868,000, adding $6,424 every year, while hoping to spend $54,848 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: 48/41/11 Blend
54$868,000$868,000$868,000$868,000
55$963,162$917,158$903,704$1,006,191
56$1,003,047$903,741$875,621$1,023,051
57$1,045,162$887,828$844,758$1,035,110
58$1,089,676$869,240$810,965$1,046,957
59$1,136,775$847,784$774,084$1,058,592
60$1,186,660$823,260$733,950$1,070,016
61$1,239,553$795,453$690,391$1,081,234
62$1,295,693$764,137$643,225$1,092,255
63$1,355,347$729,072$592,266$1,103,096
64$1,418,800$690,005$537,315$1,113,777
65$1,486,370$646,667$478,167$1,124,327
66$1,558,402$598,776$414,608$1,134,783
67$1,635,275$546,032$346,413$1,145,190
68$1,717,403$488,117$273,348$1,155,606
69$1,805,241$424,698$195,168$1,166,099
70$1,899,287$355,420$111,618$1,176,751
71$2,000,088$279,909$22,431$1,187,662
72$2,108,244$197,771$0$1,198,946
73$2,224,412$108,590$0$1,219,279
74$2,349,315$11,923$0$1,243,645
75$2,483,745$0$0$1,269,628
76$2,628,574$0$0$1,339,296
77$2,784,757$0$0$1,420,301
78$2,953,344$0$0$1,507,816
79$3,135,491$0$0$1,602,451
80$3,332,465$0$0$1,704,875
81$3,545,661$0$0$1,815,825
82$3,776,611$0$0$1,936,108
83$4,027,001$0$0$2,066,615
84$4,298,684$0$0$2,208,324
85$4,593,697$0$0$2,362,310
86$4,914,284$0$0$2,529,759
87$5,262,909$0$0$2,711,972
88$5,642,285$0$0$2,910,383
89$6,055,399$0$0$3,126,567
90$6,505,535$0$0$3,362,262
91$6,996,308$0$0$3,619,375
92$7,531,697$0$0$3,900,011
93$8,116,082$0$0$4,206,482
94$8,754,282$0$0$4,541,337
95$9,451,605$0$0$4,907,379
96$10,213,893$0$0$5,307,696
97$11,047,578$0$0$5,745,689
98$11,959,744$0$0$6,225,100
99$12,958,187$0$0$6,750,051
100$14,051,497$0$0$7,325,082