Can I retire at age 55 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$72,257$71,613$70,985$70,372$69,774$67,405
2 years$35,771$35,104$34,459$33,833$33,226$30,863
3 years$23,610$22,941$22,297$21,677$21,080$18,798
4 years$17,531$16,864$16,227$15,617$15,034$12,850
5 years$13,885$13,222$12,593$11,995$11,429$9,348
6 years$11,455$10,797$10,177$9,593$9,043$7,067
7 years$9,719$9,067$8,457$7,887$7,355$5,483
8 years$8,419$7,772$7,172$6,616$6,101$4,334
9 years$7,407$6,767$6,177$5,635$5,138$3,472
10 years$6,599$5,965$5,385$4,858$4,378$2,810
11 years$5,938$5,310$4,741$4,228$3,765$2,292
12 years$5,387$4,766$4,208$3,708$3,263$1,882
13 years$4,922$4,307$3,759$3,274$2,845$1,553
14 years$4,523$3,915$3,378$2,906$2,494$1,287
15 years$4,178$3,576$3,050$2,592$2,196$1,069
16 years$3,877$3,281$2,765$2,321$1,941$891
17 years$3,611$3,022$2,516$2,085$1,721$744
18 years$3,375$2,792$2,297$1,879$1,530$623
19 years$3,164$2,588$2,103$1,698$1,364$522
20 years$2,974$2,405$1,930$1,538$1,218$438
21 years$2,802$2,240$1,775$1,396$1,090$368
22 years$2,647$2,091$1,636$1,269$977$309
23 years$2,505$1,956$1,510$1,156$877$260
24 years$2,375$1,832$1,397$1,054$788$219
25 years$2,256$1,720$1,294$963$709$185
26 years$2,146$1,616$1,200$880$639$156
27 years$2,044$1,521$1,114$806$576$131
28 years$1,950$1,433$1,036$738$520$111
29 years$1,863$1,352$964$677$469$93
30 years$1,781$1,277$898$621$424$79
31 years$1,705$1,207$837$571$383$66
32 years$1,634$1,142$781$524$347$56
33 years$1,567$1,082$729$482$314$47
34 years$1,504$1,025$681$444$284$40
35 years$1,445$972$637$408$257$34
36 years$1,390$923$596$376$233$28
37 years$1,337$877$558$347$211$24
38 years$1,288$833$522$319$192$20
39 years$1,241$792$489$295$174$17
40 years$1,196$754$459$272$158$14
41 years$1,154$717$430$251$143$12
42 years$1,114$683$403$231$130$10
43 years$1,076$651$379$214$118$9
44 years$1,040$620$355$197$107$7
45 years$1,005$592$334$182$97$6
46 years$972$564$313$168$88$5
47 years$941$539$294$155$80$4
48 years$911$514$277$144$73$4
49 years$882$491$260$133$66$3
50 years$854$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 $875,000, adding $4,534 every year, while hoping to spend $54,377 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: 30/48/22 Blend
54$875,000$875,000$875,000$875,000
55$968,927$922,552$908,989$991,240
56$1,009,901$909,900$881,584$996,029
57$1,053,231$894,806$851,438$996,012
58$1,099,102$877,092$818,402$994,862
59$1,147,712$856,572$782,320$992,515
60$1,199,280$833,045$743,029$988,907
61$1,254,045$806,303$700,359$983,972
62$1,312,268$776,122$654,131$977,644
63$1,374,234$742,267$604,160$969,856
64$1,440,257$704,489$550,250$960,543
65$1,510,678$662,524$492,198$949,638
66$1,585,873$616,093$429,792$937,078
67$1,666,252$564,902$362,811$922,799
68$1,752,267$508,639$291,022$906,741
69$1,844,411$446,975$214,184$888,847
70$1,943,226$379,562$132,044$869,063
71$2,049,307$306,033$44,340$847,341
72$2,163,306$225,998$0$823,639
73$2,285,940$139,049$0$809,485
74$2,417,995$44,751$0$805,150
75$2,560,334$0$0$800,267
76$2,713,906$0$0$825,202
77$2,879,754$0$0$877,763
78$3,059,023$0$0$934,689
79$3,252,971$0$0$996,395
80$3,462,984$0$0$1,063,335
81$3,690,580$0$0$1,136,011
82$3,937,435$0$0$1,214,972
83$4,205,387$0$0$1,300,824
84$4,496,459$0$0$1,394,234
85$4,812,878$0$0$1,495,935
86$5,157,091$0$0$1,606,733
87$5,531,793$0$0$1,727,516
88$5,939,948$0$0$1,859,262
89$6,384,818$0$0$2,003,044
90$6,869,993$0$0$2,160,048
91$7,399,425$0$0$2,331,576
92$7,977,462$0$0$2,519,063
93$8,608,893$0$0$2,724,089
94$9,298,989$0$0$2,948,391
95$10,053,552$0$0$3,193,885
96$10,878,971$0$0$3,462,679
97$11,782,282$0$0$3,757,096
98$12,771,231$0$0$4,079,691
99$13,854,348$0$0$4,433,282
100$15,041,027$0$0$4,820,968