Can I retire at age 55 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,092$71,449$70,823$70,211$69,614$66,879
2 years$35,689$35,024$34,380$33,755$33,150$30,427
3 years$23,556$22,889$22,246$21,627$21,031$18,408
4 years$17,491$16,826$16,190$15,581$15,000$12,495
5 years$13,853$13,191$12,564$11,968$11,403$9,023
6 years$11,428$10,772$10,153$9,571$9,023$6,769
7 years$9,697$9,046$8,437$7,869$7,338$5,210
8 years$8,399$7,754$7,156$6,601$6,087$4,083
9 years$7,390$6,751$6,163$5,623$5,126$3,243
10 years$6,584$5,951$5,373$4,847$4,368$2,602
11 years$5,924$5,298$4,730$4,218$3,757$2,104
12 years$5,375$4,755$4,198$3,700$3,255$1,711
13 years$4,911$4,297$3,751$3,266$2,839$1,398
14 years$4,513$3,906$3,370$2,900$2,488$1,147
15 years$4,169$3,568$3,043$2,586$2,191$944
16 years$3,868$3,274$2,759$2,315$1,936$779
17 years$3,602$3,015$2,510$2,080$1,717$644
18 years$3,367$2,786$2,292$1,875$1,527$533
19 years$3,156$2,582$2,098$1,694$1,361$442
20 years$2,967$2,399$1,925$1,534$1,215$367
21 years$2,796$2,235$1,771$1,392$1,088$305
22 years$2,641$2,086$1,632$1,266$975$254
23 years$2,499$1,951$1,507$1,153$875$211
24 years$2,370$1,828$1,394$1,052$787$176
25 years$2,251$1,716$1,291$960$708$146
26 years$2,141$1,612$1,197$878$638$122
27 years$2,040$1,517$1,112$804$575$102
28 years$1,946$1,430$1,033$736$519$85
29 years$1,858$1,349$962$675$468$71
30 years$1,777$1,274$896$620$423$59
31 years$1,701$1,204$835$569$383$49
32 years$1,630$1,140$779$523$346$41
33 years$1,563$1,079$728$481$313$34
34 years$1,501$1,023$680$443$284$29
35 years$1,442$970$636$407$257$24
36 years$1,387$921$595$375$233$20
37 years$1,334$875$556$346$211$17
38 years$1,285$831$521$319$191$14
39 years$1,238$790$488$294$173$12
40 years$1,194$752$458$271$157$10
41 years$1,151$716$429$250$143$8
42 years$1,111$682$403$231$129$7
43 years$1,073$649$378$213$118$6
44 years$1,037$619$355$197$107$5
45 years$1,003$590$333$182$97$4
46 years$970$563$313$168$88$3
47 years$938$537$294$155$80$3
48 years$908$513$276$143$73$2
49 years$880$490$259$132$66$2
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $873,000, adding $3,264 every year, while hoping to spend $53,614 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: 35/36/29 Blend
54$873,000$873,000$873,000$873,000
55$965,413$919,144$905,612$990,678
56$1,006,840$907,137$878,905$997,928
57$1,050,696$892,745$849,507$1,000,710
58$1,097,172$875,794$817,270$1,002,689
59$1,146,476$856,101$782,041$1,003,831
60$1,198,837$833,470$743,661$1,004,101
61$1,254,505$807,697$701,960$1,003,469
62$1,313,752$778,562$656,763$1,001,905
63$1,376,879$745,835$607,889$999,382
64$1,444,212$709,272$555,144$995,877
65$1,516,109$668,615$498,329$991,371
66$1,592,965$623,589$437,236$985,850
67$1,675,210$573,908$371,646$979,306
68$1,763,316$519,264$301,331$971,738
69$1,857,802$459,336$226,053$963,152
70$1,959,236$393,782$145,564$953,566
71$2,068,243$322,242$59,605$943,005
72$2,185,507$244,335$0$931,510
73$2,311,781$159,659$0$929,075
74$2,447,890$67,790$0$946,158
75$2,594,742$0$0$964,476
76$2,753,333$0$0$996,801
77$2,924,760$0$0$1,060,867
78$3,110,225$0$0$1,130,284
79$3,311,053$0$0$1,205,560
80$3,528,699$0$0$1,287,253
81$3,764,761$0$0$1,375,978
82$4,021,001$0$0$1,472,413
83$4,299,352$0$0$1,577,301
84$4,601,943$0$0$1,691,460
85$4,931,117$0$0$1,815,792
86$5,289,449$0$0$1,951,287
87$5,679,775$0$0$2,099,037
88$6,105,214$0$0$2,260,242
89$6,569,200$0$0$2,436,223
90$7,075,513$0$0$2,628,436
91$7,628,311$0$0$2,838,482
92$8,232,174$0$0$3,068,124
93$8,892,144$0$0$3,319,302
94$9,613,769$0$0$3,594,156
95$10,403,161$0$0$3,895,037
96$11,267,047$0$0$4,224,538
97$12,212,837$0$0$4,585,513
98$13,248,689$0$0$4,981,104
99$14,383,587$0$0$5,414,773
100$15,627,426$0$0$5,890,333