Can I retire at age 55 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$71,844$71,204$70,579$69,970$69,375$68,822
2 years$35,566$34,904$34,262$33,639$33,036$32,479
3 years$23,475$22,810$22,170$21,553$20,959$20,415
4 years$17,431$16,768$16,134$15,528$14,948$14,421
5 years$13,805$13,146$12,521$11,927$11,363$10,855
6 years$11,389$10,735$10,118$9,538$8,992$8,502
7 years$9,664$9,015$8,408$7,842$7,313$6,843
8 years$8,371$7,728$7,131$6,578$6,066$5,616
9 years$7,365$6,728$6,142$5,603$5,109$4,678
10 years$6,561$5,931$5,355$4,830$4,353$3,941
11 years$5,904$5,280$4,714$4,204$3,744$3,350
12 years$5,357$4,739$4,184$3,687$3,244$2,869
13 years$4,894$4,282$3,738$3,255$2,829$2,472
14 years$4,498$3,893$3,359$2,890$2,480$2,140
15 years$4,154$3,556$3,032$2,577$2,183$1,861
16 years$3,854$3,263$2,749$2,307$1,930$1,624
17 years$3,590$3,005$2,502$2,073$1,711$1,421
18 years$3,355$2,776$2,284$1,868$1,521$1,247
19 years$3,145$2,573$2,091$1,688$1,356$1,097
20 years$2,957$2,391$1,919$1,529$1,211$966
21 years$2,786$2,227$1,765$1,388$1,084$853
22 years$2,632$2,079$1,627$1,262$972$754
23 years$2,491$1,945$1,502$1,149$872$667
24 years$2,362$1,822$1,389$1,048$784$591
25 years$2,243$1,710$1,286$957$705$524
26 years$2,134$1,607$1,193$875$635$465
27 years$2,033$1,512$1,108$801$573$413
28 years$1,939$1,425$1,030$734$517$367
29 years$1,852$1,344$958$673$467$327
30 years$1,771$1,270$893$618$422$291
31 years$1,695$1,200$832$567$381$259
32 years$1,624$1,136$777$521$345$231
33 years$1,558$1,075$725$479$312$205
34 years$1,496$1,019$677$441$283$183
35 years$1,437$967$633$406$256$163
36 years$1,382$918$593$374$232$146
37 years$1,330$872$555$345$210$130
38 years$1,280$828$519$318$191$116
39 years$1,234$788$487$293$173$103
40 years$1,189$749$456$270$157$92
41 years$1,147$713$428$249$142$82
42 years$1,108$679$401$230$129$74
43 years$1,070$647$376$212$117$66
44 years$1,034$617$353$196$106$59
45 years$999$588$332$181$97$52
46 years$967$561$312$167$88$47
47 years$935$536$293$154$80$42
48 years$905$511$275$143$72$37
49 years$877$488$259$132$66$33
50 years$849$466$243$122$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $870,000, adding $4,024 every year, while hoping to spend $39,136 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: 53/31/16 Blend
54$870,000$870,000$870,000$870,000
55$962,891$916,781$903,296$1,009,573
56$1,019,465$920,063$891,916$1,045,218
57$1,080,499$922,194$878,843$1,079,494
58$1,146,404$923,076$863,979$1,115,917
59$1,217,637$922,606$847,222$1,154,702
60$1,294,696$920,674$828,463$1,196,086
61$1,378,129$917,161$807,592$1,240,333
62$1,468,542$911,945$784,489$1,287,737
63$1,566,596$904,894$759,033$1,338,622
64$1,673,023$895,867$731,094$1,393,348
65$1,788,623$884,717$700,538$1,452,313
66$1,914,281$871,287$667,224$1,515,958
67$2,050,968$855,410$631,006$1,584,772
68$2,199,752$836,910$591,730$1,659,298
69$2,361,808$815,600$549,235$1,740,134
70$2,538,431$791,283$503,353$1,827,944
71$2,731,045$763,750$453,909$1,923,464
72$2,941,217$732,779$400,720$2,027,506
73$3,170,672$698,136$343,595$2,140,970
74$3,421,309$659,573$282,334$2,264,853
75$3,695,219$616,829$216,729$2,400,255
76$3,994,703$569,625$146,561$2,548,395
77$4,322,295$517,669$71,603$2,710,620
78$4,680,786$460,652$0$2,888,420
79$5,073,248$398,246$0$3,084,875
80$5,503,065$330,105$0$3,313,512
81$5,973,961$255,864$0$3,564,151
82$6,490,041$175,137$0$3,839,063
83$7,055,823$87,517$0$4,140,753
84$7,676,285$0$0$4,471,990
85$8,356,908$0$0$4,838,361
86$9,103,730$0$0$5,273,208
87$9,923,402$0$0$5,750,563
88$10,823,250$0$0$6,274,701
89$11,811,344$0$0$6,850,335
90$12,896,573$0$0$7,482,656
91$14,088,731$0$0$8,177,382
92$15,398,605$0$0$8,940,811
93$16,838,080$0$0$9,779,885
94$18,420,249$0$0$10,702,248
95$20,159,537$0$0$11,716,323
96$22,071,836$0$0$12,831,392
97$24,174,654$0$0$14,057,677
98$26,487,281$0$0$15,406,445
99$29,030,971$0$0$16,890,105
100$31,829,140$0$0$18,522,334