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%18.6%
1 years$72,257$71,613$70,985$70,372$69,774$67,352
2 years$35,771$35,104$34,459$33,833$33,226$30,810
3 years$23,610$22,941$22,297$21,677$21,080$18,747
4 years$17,531$16,864$16,227$15,617$15,034$12,803
5 years$13,885$13,222$12,593$11,995$11,429$9,304
6 years$11,455$10,797$10,177$9,593$9,043$7,026
7 years$9,719$9,067$8,457$7,887$7,355$5,445
8 years$8,419$7,772$7,172$6,616$6,101$4,298
9 years$7,407$6,767$6,177$5,635$5,138$3,439
10 years$6,599$5,965$5,385$4,858$4,378$2,780
11 years$5,938$5,310$4,741$4,228$3,765$2,265
12 years$5,387$4,766$4,208$3,708$3,263$1,857
13 years$4,922$4,307$3,759$3,274$2,845$1,530
14 years$4,523$3,915$3,378$2,906$2,494$1,266
15 years$4,178$3,576$3,050$2,592$2,196$1,051
16 years$3,877$3,281$2,765$2,321$1,941$875
17 years$3,611$3,022$2,516$2,085$1,721$729
18 years$3,375$2,792$2,297$1,879$1,530$609
19 years$3,164$2,588$2,103$1,698$1,364$510
20 years$2,974$2,405$1,930$1,538$1,218$427
21 years$2,802$2,240$1,775$1,396$1,090$358
22 years$2,647$2,091$1,636$1,269$977$301
23 years$2,505$1,956$1,510$1,156$877$253
24 years$2,375$1,832$1,397$1,054$788$212
25 years$2,256$1,720$1,294$963$709$179
26 years$2,146$1,616$1,200$880$639$150
27 years$2,044$1,521$1,114$806$576$126
28 years$1,950$1,433$1,036$738$520$106
29 years$1,863$1,352$964$677$469$90
30 years$1,781$1,277$898$621$424$75
31 years$1,705$1,207$837$571$383$64
32 years$1,634$1,142$781$524$347$54
33 years$1,567$1,082$729$482$314$45
34 years$1,504$1,025$681$444$284$38
35 years$1,445$972$637$408$257$32
36 years$1,390$923$596$376$233$27
37 years$1,337$877$558$347$211$23
38 years$1,288$833$522$319$192$19
39 years$1,241$792$489$295$174$16
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$8
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$3
49 years$882$491$260$133$66$3
50 years$854$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $875,000, adding $2,312 every year, while hoping to spend $28,426 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: 49/36/15 Blend
54$875,000$875,000$875,000$875,000
55$966,635$920,260$906,697$1,009,878
56$1,034,987$935,108$906,827$1,054,784
57$1,109,357$949,730$906,008$1,100,407
58$1,190,331$964,086$904,178$1,149,341
59$1,278,551$978,132$901,274$1,201,905
60$1,374,723$991,821$897,227$1,258,454
61$1,479,627$1,005,102$891,966$1,319,378
62$1,594,118$1,017,921$885,416$1,385,108
63$1,719,139$1,030,221$877,499$1,456,118
64$1,855,730$1,041,939$868,133$1,532,933
65$2,005,031$1,053,011$857,232$1,616,133
66$2,168,301$1,063,366$844,707$1,706,356
67$2,346,926$1,072,929$830,463$1,804,307
68$2,542,431$1,081,621$814,401$1,910,765
69$2,756,495$1,089,356$796,419$2,026,590
70$2,990,967$1,096,045$776,410$2,152,727
71$3,247,885$1,101,590$754,259$2,290,225
72$3,529,492$1,105,890$729,849$2,440,237
73$3,838,257$1,108,836$703,056$2,604,037
74$4,176,903$1,110,313$673,751$2,783,030
75$4,548,425$1,110,196$641,800$2,978,769
76$4,956,125$1,108,357$607,062$3,192,963
77$5,403,639$1,104,656$569,387$3,427,503
78$5,894,972$1,098,946$528,624$3,684,470
79$6,434,537$1,091,071$484,610$3,966,164
80$7,027,192$1,080,866$437,177$4,275,120
81$7,678,293$1,068,156$386,150$4,614,137
82$8,393,737$1,052,754$331,344$4,986,300
83$9,180,023$1,034,464$272,569$5,395,015
84$10,044,309$1,013,076$209,624$5,844,037
85$10,994,482$988,370$142,300$6,337,510
86$12,039,231$960,112$70,378$6,880,002
87$13,188,128$928,053$0$7,476,554
88$14,451,721$891,931$0$8,133,747
89$15,841,630$851,470$0$8,868,779
90$17,370,659$806,374$0$9,677,175
91$19,052,913$756,334$0$10,566,437
92$20,903,937$701,021$0$11,544,832
93$22,940,856$640,088$0$12,621,477
94$25,182,538$573,168$0$13,806,421
95$27,649,777$499,872$0$15,110,747
96$30,365,480$419,792$0$16,546,667
97$33,354,891$332,494$0$18,127,651
98$36,645,824$237,520$0$19,868,543
99$40,268,927$134,388$0$21,785,711
100$44,257,972$22,587$0$23,897,197