Can I retire at age 55 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$72,504$71,859$71,228$70,613$70,013$68,182
2 years$35,893$35,225$34,577$33,949$33,340$31,507
3 years$23,691$23,020$22,374$21,751$21,152$19,376
4 years$17,591$16,922$16,282$15,671$15,086$13,380
5 years$13,932$13,267$12,636$12,037$11,468$9,836
6 years$11,494$10,834$10,212$9,626$9,074$7,519
7 years$9,753$9,098$8,486$7,914$7,380$5,900
8 years$8,447$7,799$7,197$6,639$6,122$4,718
9 years$7,433$6,790$6,198$5,655$5,156$3,826
10 years$6,622$5,985$5,404$4,874$4,393$3,136
11 years$5,958$5,328$4,758$4,242$3,778$2,592
12 years$5,406$4,782$4,222$3,721$3,274$2,156
13 years$4,939$4,322$3,772$3,285$2,855$1,803
14 years$4,539$3,928$3,389$2,916$2,503$1,515
15 years$4,193$3,589$3,060$2,601$2,204$1,277
16 years$3,890$3,293$2,775$2,329$1,948$1,080
17 years$3,623$3,032$2,525$2,092$1,727$915
18 years$3,386$2,802$2,305$1,886$1,535$777
19 years$3,174$2,597$2,110$1,704$1,369$661
20 years$2,984$2,413$1,936$1,543$1,222$563
21 years$2,812$2,248$1,781$1,400$1,094$481
22 years$2,656$2,098$1,642$1,273$981$410
23 years$2,514$1,962$1,516$1,160$880$351
24 years$2,383$1,839$1,402$1,058$791$300
25 years$2,264$1,725$1,298$966$712$257
26 years$2,153$1,622$1,204$883$641$220
27 years$2,051$1,526$1,118$808$578$188
28 years$1,957$1,438$1,039$741$522$161
29 years$1,869$1,357$967$679$471$138
30 years$1,787$1,281$901$623$426$119
31 years$1,711$1,211$840$572$385$102
32 years$1,639$1,146$784$526$348$87
33 years$1,572$1,085$732$484$315$75
34 years$1,509$1,029$684$445$285$64
35 years$1,450$976$639$410$258$55
36 years$1,394$926$598$377$234$47
37 years$1,342$880$560$348$212$41
38 years$1,292$836$524$321$192$35
39 years$1,245$795$491$296$174$30
40 years$1,200$756$460$273$158$26
41 years$1,158$720$432$251$144$22
42 years$1,118$686$405$232$130$19
43 years$1,080$653$380$214$118$16
44 years$1,043$623$357$198$107$14
45 years$1,009$594$335$183$97$12
46 years$975$566$314$169$88$10
47 years$944$541$295$156$80$9
48 years$914$516$278$144$73$8
49 years$885$493$261$133$66$7
50 years$857$471$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $878,000, adding $2,038 every year, while hoping to spend $46,610 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: 62/30/8 Blend
54$878,000$878,000$878,000$878,000
55$969,658$923,124$909,515$1,028,046
56$1,018,971$918,765$890,391$1,062,952
57$1,071,751$912,629$869,065$1,095,446
58$1,128,303$904,582$845,412$1,129,726
59$1,188,962$894,478$819,305$1,165,967
60$1,254,093$882,165$790,609$1,204,357
61$1,324,099$867,479$759,183$1,245,111
62$1,399,422$850,250$724,880$1,288,464
63$1,480,545$830,295$687,546$1,334,676
64$1,568,003$807,421$647,021$1,384,038
65$1,662,379$781,425$603,136$1,436,871
66$1,764,316$752,089$555,715$1,493,532
67$1,874,521$719,186$504,576$1,554,417
68$1,993,769$682,473$449,527$1,619,965
69$2,122,914$641,695$390,366$1,690,660
70$2,262,894$596,581$326,886$1,767,043
71$2,414,740$546,844$258,868$1,849,709
72$2,579,587$492,183$186,084$1,939,320
73$2,758,683$432,278$108,295$2,036,608
74$2,953,400$366,791$25,254$2,142,385
75$3,165,247$295,364$0$2,257,548
76$3,395,887$217,622$0$2,388,502
77$3,647,148$133,166$0$2,533,589
78$3,921,041$41,574$0$2,691,893
79$4,219,780$0$0$2,864,789
80$4,545,803$0$0$3,072,806
81$4,901,791$0$0$3,314,990
82$5,290,699$0$0$3,579,633
83$5,715,776$0$0$3,868,954
84$6,180,602$0$0$4,185,399
85$6,689,117$0$0$4,531,657
86$7,245,661$0$0$4,910,694
87$7,855,011$0$0$5,325,772
88$8,522,429$0$0$5,780,484
89$9,253,710$0$0$6,278,790
90$10,055,234$0$0$6,825,046
91$10,934,029$0$0$7,424,053
92$11,897,836$0$0$8,081,099
93$12,955,180$0$0$8,802,008
94$14,115,451$0$0$9,593,193
95$15,388,994$0$0$10,461,720
96$16,787,202$0$0$11,415,373
97$18,322,626$0$0$12,462,725
98$20,009,091$0$0$13,613,221
99$21,861,830$0$0$14,877,266
100$23,897,619$0$0$16,266,321