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%17.9%
1 years$72,257$71,613$70,985$70,372$69,774$67,540
2 years$35,771$35,104$34,459$33,833$33,226$30,996
3 years$23,610$22,941$22,297$21,677$21,080$18,924
4 years$17,531$16,864$16,227$15,617$15,034$12,969
5 years$13,885$13,222$12,593$11,995$11,429$9,459
6 years$11,455$10,797$10,177$9,593$9,043$7,171
7 years$9,719$9,067$8,457$7,887$7,355$5,580
8 years$8,419$7,772$7,172$6,616$6,101$4,423
9 years$7,407$6,767$6,177$5,635$5,138$3,554
10 years$6,599$5,965$5,385$4,858$4,378$2,886
11 years$5,938$5,310$4,741$4,228$3,765$2,362
12 years$5,387$4,766$4,208$3,708$3,263$1,946
13 years$4,922$4,307$3,759$3,274$2,845$1,611
14 years$4,523$3,915$3,378$2,906$2,494$1,339
15 years$4,178$3,576$3,050$2,592$2,196$1,117
16 years$3,877$3,281$2,765$2,321$1,941$934
17 years$3,611$3,022$2,516$2,085$1,721$783
18 years$3,375$2,792$2,297$1,879$1,530$658
19 years$3,164$2,588$2,103$1,698$1,364$553
20 years$2,974$2,405$1,930$1,538$1,218$466
21 years$2,802$2,240$1,775$1,396$1,090$393
22 years$2,647$2,091$1,636$1,269$977$332
23 years$2,505$1,956$1,510$1,156$877$280
24 years$2,375$1,832$1,397$1,054$788$237
25 years$2,256$1,720$1,294$963$709$200
26 years$2,146$1,616$1,200$880$639$169
27 years$2,044$1,521$1,114$806$576$143
28 years$1,950$1,433$1,036$738$520$121
29 years$1,863$1,352$964$677$469$103
30 years$1,781$1,277$898$621$424$87
31 years$1,705$1,207$837$571$383$74
32 years$1,634$1,142$781$524$347$63
33 years$1,567$1,082$729$482$314$53
34 years$1,504$1,025$681$444$284$45
35 years$1,445$972$637$408$257$38
36 years$1,390$923$596$376$233$32
37 years$1,337$877$558$347$211$27
38 years$1,288$833$522$319$192$23
39 years$1,241$792$489$295$174$20
40 years$1,196$754$459$272$158$17
41 years$1,154$717$430$251$143$14
42 years$1,114$683$403$231$130$12
43 years$1,076$651$379$214$118$10
44 years$1,040$620$355$197$107$9
45 years$1,005$592$334$182$97$7
46 years$972$564$313$168$88$6
47 years$941$539$294$155$80$5
48 years$911$514$277$144$73$4
49 years$882$491$260$133$66$4
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 $5,782 every year, while hoping to spend $27,878 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: 63/29/8 Blend
54$875,000$875,000$875,000$875,000
55$970,214$923,839$910,277$1,029,400
56$1,039,514$939,445$911,109$1,085,219
57$1,114,948$954,882$911,035$1,142,356
58$1,197,113$970,111$909,994$1,204,024
59$1,286,664$985,092$907,925$1,270,663
60$1,384,324$999,782$904,761$1,342,755
61$1,490,888$1,014,134$900,433$1,420,832
62$1,607,229$1,028,098$894,869$1,505,480
63$1,734,313$1,041,620$887,993$1,597,345
64$1,873,198$1,054,645$879,725$1,697,141
65$2,025,052$1,067,110$869,984$1,805,650
66$2,191,159$1,078,951$858,681$1,923,740
67$2,372,936$1,090,098$845,725$2,052,363
68$2,571,940$1,100,477$831,021$2,192,572
69$2,789,886$1,110,009$814,469$2,345,525
70$3,028,664$1,118,609$795,963$2,512,499
71$3,290,356$1,126,189$775,396$2,694,903
72$3,577,252$1,132,652$752,652$2,894,290
73$3,891,877$1,137,897$727,611$3,112,371
74$4,237,011$1,141,816$700,148$3,351,034
75$4,615,715$1,144,295$670,132$3,612,358
76$5,031,363$1,145,210$637,427$3,898,637
77$5,487,670$1,144,433$601,888$4,212,399
78$5,988,728$1,141,826$563,367$4,556,430
79$6,539,045$1,137,242$521,707$4,933,805
80$7,143,588$1,130,527$476,744$5,347,909
81$7,807,827$1,121,517$428,308$5,802,478
82$8,537,790$1,110,035$376,221$6,301,627
83$9,340,116$1,095,899$320,296$6,849,896
84$10,222,121$1,078,911$260,339$7,452,287
85$11,191,864$1,058,864$196,147$8,114,315
86$12,258,224$1,035,538$127,508$8,842,061
87$13,430,983$1,008,700$54,200$9,642,228
88$14,720,921$978,104$0$10,522,204
89$16,139,911$943,487$0$11,492,186
90$17,701,038$904,574$0$12,564,172
91$19,418,717$861,072$0$13,743,451
92$21,308,834$812,672$0$15,040,955
93$23,388,889$759,047$0$16,468,737
94$25,678,166$699,850$0$18,040,077
95$28,197,913$634,717$0$19,769,618
96$30,971,542$563,260$0$21,673,495
97$34,024,851$485,071$0$23,769,494
98$37,386,265$399,719$0$26,077,219
99$41,087,105$306,747$0$28,618,277
100$45,161,886$205,673$0$31,416,481