Can I retire at age 55 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$71,761$71,122$70,498$69,890$69,295$67,104
2 years$35,525$34,864$34,223$33,601$32,998$30,810
3 years$23,448$22,784$22,144$21,528$20,935$18,819
4 years$17,411$16,749$16,115$15,510$14,931$12,904
5 years$13,790$13,131$12,506$11,913$11,350$9,417
6 years$11,376$10,722$10,107$9,527$8,981$7,143
7 years$9,653$9,005$8,399$7,833$7,304$5,561
8 years$8,361$7,719$7,123$6,571$6,059$4,411
9 years$7,357$6,721$6,135$5,597$5,103$3,546
10 years$6,554$5,924$5,349$4,824$4,348$2,881
11 years$5,897$5,274$4,709$4,199$3,739$2,360
12 years$5,350$4,733$4,179$3,683$3,240$1,945
13 years$4,888$4,278$3,734$3,251$2,826$1,612
14 years$4,492$3,888$3,355$2,886$2,477$1,341
15 years$4,150$3,552$3,029$2,574$2,181$1,119
16 years$3,850$3,259$2,746$2,305$1,928$937
17 years$3,586$3,001$2,499$2,071$1,709$786
18 years$3,351$2,773$2,281$1,866$1,520$661
19 years$3,142$2,570$2,088$1,686$1,355$556
20 years$2,953$2,388$1,916$1,527$1,210$469
21 years$2,783$2,225$1,763$1,386$1,083$396
22 years$2,629$2,077$1,625$1,260$970$334
23 years$2,488$1,942$1,500$1,148$871$282
24 years$2,359$1,820$1,387$1,047$783$239
25 years$2,240$1,708$1,285$956$705$202
26 years$2,131$1,605$1,192$874$635$171
27 years$2,030$1,511$1,107$800$572$145
28 years$1,937$1,423$1,029$733$516$123
29 years$1,850$1,343$957$672$466$104
30 years$1,769$1,268$892$617$421$88
31 years$1,693$1,199$831$567$381$75
32 years$1,623$1,134$776$521$345$64
33 years$1,556$1,074$724$479$312$54
34 years$1,494$1,018$677$441$282$46
35 years$1,435$966$633$406$256$39
36 years$1,380$917$592$374$232$33
37 years$1,328$871$554$344$210$28
38 years$1,279$827$519$317$190$24
39 years$1,232$787$486$292$173$20
40 years$1,188$748$456$270$157$17
41 years$1,146$712$427$249$142$14
42 years$1,106$679$401$230$129$12
43 years$1,069$646$376$212$117$10
44 years$1,032$616$353$196$106$9
45 years$998$588$331$181$96$8
46 years$965$561$311$167$88$6
47 years$934$535$292$154$79$5
48 years$904$511$275$143$72$5
49 years$876$488$258$132$66$4
50 years$848$466$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $869,000, adding $3,095 every year, while hoping to spend $27,256 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: 64/24/12 Blend
54$869,000$869,000$869,000$869,000
55$960,830$914,773$901,304$1,019,479
56$1,029,835$930,597$902,498$1,074,888
57$1,104,965$946,283$902,817$1,131,938
58$1,186,815$961,795$902,206$1,193,571
59$1,276,042$977,095$900,602$1,260,233
60$1,373,368$992,142$897,942$1,332,415
61$1,479,587$1,006,892$894,158$1,410,657
62$1,595,573$1,021,298$889,181$1,495,556
63$1,722,290$1,035,310$882,937$1,587,769
64$1,860,797$1,048,874$875,348$1,688,021
65$2,012,261$1,061,931$866,335$1,797,109
66$2,177,966$1,074,421$855,812$1,915,915
67$2,359,328$1,086,276$843,691$2,045,409
68$2,557,904$1,097,428$829,879$2,186,659
69$2,775,409$1,107,801$814,279$2,340,845
70$3,013,732$1,117,315$796,789$2,509,267
71$3,274,954$1,125,885$777,303$2,693,357
72$3,561,367$1,133,421$755,710$2,894,695
73$3,875,493$1,139,825$731,892$3,115,022
74$4,220,112$1,144,995$705,730$3,356,257
75$4,598,285$1,148,822$677,094$3,620,517
76$5,013,386$1,151,190$645,852$3,910,134
77$5,469,129$1,151,975$611,865$4,227,681
78$5,969,605$1,151,047$574,987$4,575,991
79$6,519,322$1,148,266$535,067$4,958,191
80$7,123,246$1,143,484$491,945$5,377,726
81$7,786,847$1,136,545$445,456$5,838,394
82$8,516,152$1,127,283$395,425$6,344,382
83$9,317,801$1,115,520$341,673$6,900,307
84$10,199,107$1,101,071$284,009$7,511,257
85$11,168,129$1,083,737$222,237$8,182,840
86$12,233,746$1,063,308$156,149$8,921,241
87$13,405,740$1,039,561$85,532$9,733,276
88$14,694,887$1,012,262$10,160$10,626,459
89$16,113,064$981,161$0$11,609,074
90$17,673,352$945,994$0$12,699,249
91$19,390,167$906,481$0$13,900,024
92$21,279,393$862,327$0$15,221,225
93$23,358,530$813,220$0$16,675,115
94$25,646,861$758,828$0$18,275,212
95$28,165,633$698,803$0$20,036,412
96$30,938,258$632,775$0$21,975,134
97$33,990,532$560,353$0$24,109,473
98$37,350,880$481,124$0$26,459,373
99$41,050,623$394,652$0$29,046,813
100$45,124,273$300,476$0$31,896,018