Can I retire at age 55 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$72,174$71,531$70,904$70,292$69,694$67,382
2 years$35,730$35,064$34,419$33,794$33,188$30,881
3 years$23,583$22,915$22,272$21,652$21,056$18,826
4 years$17,511$16,845$16,208$15,599$15,017$12,882
5 years$13,869$13,207$12,578$11,982$11,416$9,381
6 years$11,441$10,784$10,165$9,582$9,033$7,101
7 years$9,708$9,057$8,447$7,878$7,346$5,516
8 years$8,409$7,763$7,164$6,608$6,094$4,364
9 years$7,399$6,759$6,170$5,629$5,132$3,500
10 years$6,591$5,958$5,379$4,852$4,373$2,837
11 years$5,931$5,304$4,736$4,223$3,761$2,317
12 years$5,381$4,761$4,203$3,704$3,259$1,905
13 years$4,916$4,302$3,755$3,270$2,842$1,574
14 years$4,518$3,911$3,374$2,903$2,491$1,306
15 years$4,174$3,572$3,046$2,589$2,194$1,087
16 years$3,872$3,278$2,762$2,318$1,939$907
17 years$3,607$3,019$2,513$2,083$1,719$759
18 years$3,371$2,789$2,294$1,877$1,528$636
19 years$3,160$2,585$2,100$1,696$1,362$534
20 years$2,970$2,402$1,927$1,536$1,217$449
21 years$2,799$2,238$1,773$1,394$1,089$377
22 years$2,644$2,089$1,634$1,268$976$318
23 years$2,502$1,953$1,509$1,154$876$268
24 years$2,372$1,830$1,395$1,053$788$226
25 years$2,253$1,718$1,292$962$709$190
26 years$2,144$1,614$1,199$879$638$161
27 years$2,042$1,519$1,113$805$576$136
28 years$1,948$1,432$1,035$737$519$115
29 years$1,861$1,351$963$676$469$97
30 years$1,779$1,275$897$620$424$82
31 years$1,703$1,206$836$570$383$69
32 years$1,632$1,141$780$524$346$58
33 years$1,565$1,080$728$482$314$49
34 years$1,503$1,024$681$443$284$42
35 years$1,444$971$636$408$257$35
36 years$1,388$922$595$376$233$30
37 years$1,336$876$557$346$211$25
38 years$1,286$832$522$319$191$21
39 years$1,239$791$489$294$174$18
40 years$1,195$753$458$271$157$15
41 years$1,153$717$430$250$143$13
42 years$1,113$682$403$231$130$11
43 years$1,075$650$378$213$118$9
44 years$1,038$620$355$197$107$8
45 years$1,004$591$333$182$97$7
46 years$971$564$313$168$88$6
47 years$940$538$294$155$80$5
48 years$910$514$276$143$73$4
49 years$881$490$260$133$66$3
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $874,000, adding $6,798 every year, while hoping to spend $37,144 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: 54/26/20 Blend
54$874,000$874,000$874,000$874,000
55$970,160$923,838$910,291$1,016,925
56$1,029,596$929,585$901,265$1,055,463
57$1,093,848$934,369$890,692$1,092,911
58$1,163,371$938,103$878,480$1,132,872
59$1,238,660$940,696$864,534$1,175,599
60$1,320,263$942,049$848,755$1,221,368
61$1,408,780$942,059$831,038$1,270,489
62$1,504,871$940,616$811,274$1,323,300
63$1,609,265$937,603$789,349$1,380,181
64$1,722,759$932,895$765,142$1,441,547
65$1,846,235$926,362$738,528$1,507,861
66$1,980,660$917,862$709,377$1,579,633
67$2,127,098$907,248$677,553$1,657,429
68$2,286,722$894,363$642,911$1,741,874
69$2,460,821$879,041$605,302$1,833,659
70$2,650,816$861,105$564,570$1,933,548
71$2,858,268$840,368$520,552$2,042,388
72$3,084,898$816,632$473,077$2,161,112
73$3,332,599$789,689$421,967$2,290,753
74$3,603,457$759,316$367,035$2,432,454
75$3,899,766$725,280$308,088$2,587,477
76$4,224,055$687,331$244,922$2,757,215
77$4,579,107$645,208$177,325$2,943,211
78$4,967,986$598,634$105,075$3,147,166
79$5,394,068$547,314$27,942$3,370,962
80$5,861,069$490,939$0$3,616,676
81$6,373,084$429,181$0$3,898,207
82$6,934,622$361,694$0$4,213,603
83$7,550,648$288,111$0$4,559,750
84$8,226,632$208,047$0$4,939,798
85$8,968,601$121,093$0$5,357,221
86$9,783,190$26,818$0$5,815,849
87$10,677,710$0$0$6,319,910
88$11,660,215$0$0$6,895,588
89$12,739,578$0$0$7,536,535
90$13,925,571$0$0$8,240,893
91$15,228,962$0$0$9,015,068
92$16,661,613$0$0$9,866,117
93$18,236,591$0$0$10,801,816
94$19,968,296$0$0$11,830,731
95$21,872,590$0$0$12,962,300
96$23,966,948$0$0$14,206,921
97$26,270,626$0$0$15,576,051
98$28,804,840$0$0$17,082,313
99$31,592,964$0$0$18,739,615
100$34,660,752$0$0$20,563,282