Can I retire at age 55 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$72,009$71,368$70,742$70,131$69,535$69,125
2 years$35,648$34,984$34,341$33,717$33,112$32,699
3 years$23,529$22,862$22,221$21,603$21,007$20,604
4 years$17,471$16,806$16,171$15,564$14,983$14,591
5 years$13,837$13,176$12,549$11,954$11,390$11,012
6 years$11,415$10,760$10,142$9,560$9,012$8,648
7 years$9,686$9,036$8,428$7,860$7,329$6,979
8 years$8,390$7,745$7,147$6,593$6,080$5,744
9 years$7,382$6,744$6,156$5,616$5,121$4,799
10 years$6,576$5,944$5,367$4,841$4,363$4,055
11 years$5,918$5,292$4,725$4,213$3,752$3,458
12 years$5,369$4,750$4,193$3,696$3,252$2,971
13 years$4,905$4,292$3,746$3,263$2,836$2,568
14 years$4,508$3,902$3,366$2,896$2,486$2,230
15 years$4,164$3,564$3,039$2,583$2,189$1,946
16 years$3,863$3,270$2,756$2,313$1,934$1,704
17 years$3,598$3,012$2,507$2,078$1,715$1,496
18 years$3,363$2,783$2,289$1,873$1,525$1,317
19 years$3,153$2,579$2,095$1,692$1,359$1,163
20 years$2,964$2,397$1,923$1,533$1,214$1,028
21 years$2,793$2,232$1,769$1,391$1,086$911
22 years$2,638$2,084$1,630$1,265$974$808
23 years$2,496$1,949$1,505$1,152$874$718
24 years$2,367$1,826$1,392$1,050$786$638
25 years$2,248$1,714$1,289$959$707$568
26 years$2,139$1,611$1,196$877$637$507
27 years$2,037$1,516$1,110$803$574$452
28 years$1,943$1,428$1,032$736$518$403
29 years$1,856$1,347$961$675$468$360
30 years$1,775$1,272$895$619$423$322
31 years$1,699$1,203$834$569$382$288
32 years$1,628$1,138$778$523$346$257
33 years$1,562$1,078$727$481$313$230
34 years$1,499$1,022$679$442$283$206
35 years$1,440$969$635$407$257$184
36 years$1,385$920$594$375$232$165
37 years$1,333$874$556$345$211$148
38 years$1,283$830$521$318$191$132
39 years$1,236$789$488$294$173$119
40 years$1,192$751$457$271$157$106
41 years$1,150$715$429$250$143$95
42 years$1,110$681$402$231$129$86
43 years$1,072$649$377$213$117$77
44 years$1,036$618$354$196$107$69
45 years$1,002$590$333$181$97$62
46 years$969$563$312$168$88$55
47 years$937$537$293$155$80$50
48 years$907$512$276$143$72$45
49 years$879$489$259$132$66$40
50 years$851$467$244$122$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $872,000, adding $2,794 every year, while hoping to spend $56,402 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: 39/42/19 Blend
54$872,000$872,000$872,000$872,000
55$963,826$917,610$904,094$995,854
56$1,002,125$902,562$874,370$1,004,044
57$1,042,440$884,885$841,760$1,007,305
58$1,084,917$864,393$806,107$1,009,662
59$1,129,716$840,886$767,249$1,011,062
60$1,177,010$814,152$725,014$1,011,455
61$1,226,987$783,967$679,224$1,010,787
62$1,279,855$750,097$629,693$1,009,007
63$1,335,838$712,290$576,226$1,006,063
64$1,395,183$670,281$518,619$1,001,904
65$1,458,158$623,791$456,659$996,482
66$1,525,057$572,525$390,125$989,749
67$1,596,203$516,168$318,784$981,660
68$1,671,947$454,392$242,394$972,173
69$1,752,674$386,845$160,703$961,249
70$1,838,806$313,160$73,446$948,857
71$1,930,805$232,945$0$934,969
72$2,029,178$145,791$0$923,554
73$2,134,480$51,260$0$926,760
74$2,247,320$0$0$929,742
75$2,368,367$0$0$956,190
76$2,498,352$0$0$1,010,112
77$2,638,081$0$0$1,068,160
78$2,788,436$0$0$1,130,713
79$2,950,388$0$0$1,198,184
80$3,125,001$0$0$1,271,029
81$3,313,445$0$0$1,349,750
82$3,517,006$0$0$1,434,896
83$3,737,097$0$0$1,527,072
84$3,975,269$0$0$1,626,943
85$4,233,230$0$0$1,735,241
86$4,512,856$0$0$1,852,769
87$4,816,211$0$0$1,980,411
88$5,145,564$0$0$2,119,141
89$5,503,411$0$0$2,270,029
90$5,892,498$0$0$2,434,251
91$6,315,845$0$0$2,613,103
92$6,776,777$0$0$2,808,011
93$7,278,951$0$0$3,020,543
94$7,826,391$0$0$3,252,426
95$8,423,526$0$0$3,505,560
96$9,075,234$0$0$3,782,038
97$9,786,879$0$0$4,084,162
98$10,564,370$0$0$4,414,467
99$11,414,212$0$0$4,775,747
100$12,343,563$0$0$5,171,073