Can I retire at age 55 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$72,339$71,695$71,066$70,453$69,853$67,808
2 years$35,812$35,145$34,498$33,871$33,264$31,219
3 years$23,637$22,967$22,323$21,702$21,104$19,125
4 years$17,551$16,883$16,245$15,635$15,051$13,153
5 years$13,901$13,237$12,607$12,009$11,442$9,629
6 years$11,468$10,809$10,188$9,604$9,054$7,328
7 years$9,730$9,077$8,466$7,896$7,363$5,725
8 years$8,428$7,781$7,180$6,624$6,108$4,556
9 years$7,416$6,775$6,184$5,642$5,144$3,677
10 years$6,606$5,972$5,392$4,863$4,383$2,998
11 years$5,945$5,316$4,747$4,233$3,770$2,465
12 years$5,394$4,771$4,213$3,713$3,267$2,040
13 years$4,928$4,312$3,764$3,278$2,849$1,697
14 years$4,529$3,919$3,382$2,909$2,497$1,418
15 years$4,183$3,581$3,053$2,595$2,199$1,189
16 years$3,881$3,285$2,768$2,323$1,943$999
17 years$3,615$3,025$2,519$2,087$1,723$842
18 years$3,378$2,796$2,299$1,881$1,532$711
19 years$3,167$2,591$2,105$1,700$1,365$601
20 years$2,977$2,408$1,932$1,540$1,220$509
21 years$2,806$2,243$1,777$1,397$1,091$432
22 years$2,650$2,093$1,638$1,270$978$366
23 years$2,508$1,958$1,512$1,157$878$311
24 years$2,378$1,834$1,399$1,055$789$264
25 years$2,258$1,722$1,295$964$710$225
26 years$2,148$1,618$1,201$881$640$191
27 years$2,047$1,523$1,116$807$577$163
28 years$1,952$1,435$1,037$739$520$139
29 years$1,865$1,354$965$678$470$118
30 years$1,783$1,278$899$622$425$101
31 years$1,707$1,208$838$571$384$86
32 years$1,636$1,143$782$525$347$73
33 years$1,569$1,083$730$483$314$62
34 years$1,506$1,026$682$444$285$53
35 years$1,447$973$638$409$258$45
36 years$1,391$924$597$377$234$39
37 years$1,339$878$558$347$212$33
38 years$1,289$834$523$320$192$28
39 years$1,242$793$490$295$174$24
40 years$1,198$754$459$272$158$20
41 years$1,155$718$431$251$143$17
42 years$1,115$684$404$232$130$15
43 years$1,077$652$379$214$118$13
44 years$1,041$621$356$197$107$11
45 years$1,006$592$334$182$97$9
46 years$973$565$314$168$88$8
47 years$942$539$295$156$80$7
48 years$912$515$277$144$73$6
49 years$883$492$260$133$66$5
50 years$855$470$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $876,000, adding $2,333 every year, while hoping to spend $32,221 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: 49/27/24 Blend
54$876,000$876,000$876,000$876,000
55$967,758$921,330$907,752$1,008,506
56$1,032,187$932,193$903,879$1,048,026
57$1,102,107$942,507$898,796$1,087,519
58$1,178,045$952,214$892,429$1,129,774
59$1,260,580$961,246$884,700$1,175,064
60$1,350,349$969,536$875,527$1,223,694
61$1,448,051$977,010$864,823$1,276,000
62$1,554,457$983,589$852,500$1,332,354
63$1,670,416$989,190$838,464$1,393,167
64$1,796,862$993,723$822,615$1,458,894
65$1,934,821$997,094$804,852$1,530,036
66$2,085,424$999,203$785,065$1,607,150
67$2,249,916$999,943$763,144$1,690,849
68$2,429,667$999,200$738,969$1,781,812
69$2,626,186$996,853$712,417$1,880,790
70$2,841,133$992,776$683,360$1,988,610
71$3,076,338$986,831$651,662$2,106,189
72$3,333,815$978,876$617,183$2,234,539
73$3,615,780$968,757$579,775$2,374,776
74$3,924,677$956,313$539,284$2,528,136
75$4,263,193$941,372$495,549$2,695,983
76$4,634,291$923,752$448,403$2,879,823
77$5,041,234$903,260$397,669$3,081,319
78$5,487,613$879,693$343,164$3,302,308
79$5,977,386$852,835$284,697$3,544,818
80$6,514,912$822,457$222,067$3,811,090
81$7,104,993$788,317$155,066$4,103,596
82$7,752,917$750,159$83,475$4,425,064
83$8,464,511$707,713$7,068$4,778,509
84$9,246,192$660,692$0$5,167,255
85$10,105,031$608,794$0$5,614,045
86$11,048,818$551,698$0$6,107,030
87$12,086,132$489,066$0$6,648,936
88$13,226,428$420,540$0$7,244,765
89$14,480,120$345,744$0$7,900,034
90$15,858,684$264,277$0$8,620,826
91$17,374,762$175,718$0$9,413,847
92$19,042,282$79,623$0$10,286,492
93$20,876,591$0$0$11,246,914
94$22,894,597$0$0$12,311,376
95$25,114,931$0$0$13,508,697
96$27,558,119$0$0$14,826,305
97$30,246,778$0$0$16,276,409
98$33,205,829$0$0$17,872,466
99$36,462,731$0$0$19,629,300
100$40,047,738$0$0$21,563,247