Can I retire at age 55 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$73,248$72,595$71,959$71,337$70,731$70,285
2 years$36,261$35,586$34,931$34,297$33,681$33,232
3 years$23,934$23,256$22,603$21,974$21,369$20,929
4 years$17,772$17,095$16,449$15,831$15,240$14,814
5 years$14,075$13,403$12,765$12,160$11,585$11,174
6 years$11,612$10,945$10,316$9,724$9,167$8,771
7 years$9,853$9,191$8,573$7,995$7,455$7,075
8 years$8,534$7,879$7,270$6,707$6,185$5,820
9 years$7,509$6,860$6,262$5,713$5,209$4,859
10 years$6,689$6,047$5,459$4,924$4,438$4,103
11 years$6,019$5,383$4,806$4,286$3,817$3,497
12 years$5,461$4,831$4,265$3,759$3,308$3,002
13 years$4,990$4,366$3,811$3,319$2,884$2,593
14 years$4,585$3,969$3,424$2,946$2,528$2,251
15 years$4,236$3,625$3,092$2,627$2,226$1,963
16 years$3,930$3,326$2,803$2,352$1,967$1,717
17 years$3,660$3,063$2,551$2,114$1,745$1,507
18 years$3,421$2,831$2,328$1,905$1,551$1,326
19 years$3,207$2,623$2,131$1,721$1,383$1,170
20 years$3,015$2,438$1,956$1,559$1,235$1,034
21 years$2,841$2,271$1,799$1,415$1,105$915
22 years$2,683$2,120$1,658$1,286$991$811
23 years$2,539$1,983$1,531$1,172$889$720
24 years$2,408$1,857$1,416$1,068$799$640
25 years$2,287$1,743$1,312$976$719$569
26 years$2,175$1,638$1,216$892$648$507
27 years$2,072$1,542$1,130$817$584$452
28 years$1,977$1,453$1,050$748$527$403
29 years$1,888$1,371$977$686$476$359
30 years$1,806$1,294$910$630$430$321
31 years$1,728$1,224$849$578$389$287
32 years$1,656$1,158$792$532$352$256
33 years$1,588$1,096$739$489$318$229
34 years$1,525$1,039$691$450$288$205
35 years$1,465$986$646$414$261$183
36 years$1,409$936$604$381$236$164
37 years$1,356$889$565$351$214$147
38 years$1,305$844$529$324$194$131
39 years$1,258$803$496$299$176$118
40 years$1,213$764$465$275$160$105
41 years$1,170$727$436$254$145$94
42 years$1,129$693$409$234$132$84
43 years$1,091$660$384$216$119$76
44 years$1,054$629$360$200$108$68
45 years$1,019$600$338$185$98$61
46 years$985$572$318$170$89$54
47 years$954$546$298$158$81$49
48 years$923$521$280$146$74$44
49 years$894$498$264$135$67$39
50 years$866$476$248$124$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $887,000, adding $4,772 every year, while hoping to spend $53,200 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: 39/50/11 Blend
54$887,000$887,000$887,000$887,000
55$982,396$935,385$921,637$1,017,266
56$1,025,996$924,615$895,907$1,031,612
57$1,072,261$911,534$867,533$1,041,529
58$1,121,405$895,972$836,368$1,051,070
59$1,173,664$877,751$802,263$1,060,225
60$1,229,297$856,680$765,058$1,068,987
61$1,288,586$832,558$724,588$1,077,353
62$1,351,841$805,172$680,681$1,085,324
63$1,419,399$774,297$633,155$1,092,908
64$1,491,634$739,693$581,821$1,100,118
65$1,568,951$701,108$526,482$1,106,974
66$1,651,797$658,276$466,933$1,113,504
67$1,740,662$610,913$402,957$1,119,747
68$1,836,084$558,722$334,330$1,125,752
69$1,938,651$501,386$260,817$1,131,579
70$2,049,012$438,573$182,173$1,137,305
71$2,167,877$369,929$98,142$1,143,021
72$2,296,028$295,082$8,456$1,148,838
73$2,434,321$213,639$0$1,154,885
74$2,583,699$125,185$0$1,171,559
75$2,745,197$29,280$0$1,190,523
76$2,919,954$0$0$1,211,030
77$3,109,221$0$0$1,274,373
78$3,314,373$0$0$1,360,593
79$3,536,923$0$0$1,454,229
80$3,778,534$0$0$1,555,994
81$4,041,036$0$0$1,666,672
82$4,326,442$0$0$1,787,126
83$4,636,966$0$0$1,918,306
84$4,975,044$0$0$2,061,256
85$5,343,356$0$0$2,217,126
86$5,744,854$0$0$2,387,183
87$6,182,783$0$0$2,572,818
88$6,660,718$0$0$2,775,565
89$7,182,591$0$0$2,997,113
90$7,752,734$0$0$3,239,320
91$8,375,913$0$0$3,504,231
92$9,057,377$0$0$3,794,101
93$9,802,905$0$0$4,111,408
94$10,618,859$0$0$4,458,886
95$11,512,247$0$0$4,839,542
96$12,490,783$0$0$5,256,689
97$13,562,965$0$0$5,713,976
98$14,738,151$0$0$6,215,422
99$16,026,646$0$0$6,765,451
100$17,439,801$0$0$7,368,938