Can I retire at age 55 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$73,330$72,677$72,040$71,418$70,810$69,239
2 years$36,302$35,626$34,971$34,335$33,719$32,144
3 years$23,961$23,282$22,628$21,999$21,393$19,864
4 years$17,792$17,115$16,468$15,849$15,258$13,786
5 years$14,091$13,418$12,780$12,174$11,599$10,188
6 years$11,625$10,957$10,328$9,735$9,178$7,830
7 years$9,864$9,202$8,582$8,004$7,464$6,180
8 years$8,544$7,887$7,279$6,714$6,192$4,971
9 years$7,517$6,867$6,269$5,719$5,215$4,055
10 years$6,697$6,053$5,466$4,930$4,443$3,344
11 years$6,026$5,389$4,812$4,291$3,821$2,781
12 years$5,467$4,837$4,270$3,763$3,311$2,329
13 years$4,995$4,371$3,815$3,322$2,888$1,961
14 years$4,591$3,973$3,428$2,949$2,531$1,659
15 years$4,240$3,630$3,095$2,630$2,229$1,408
16 years$3,934$3,330$2,806$2,355$1,970$1,199
17 years$3,664$3,067$2,553$2,116$1,746$1,024
18 years$3,425$2,834$2,331$1,907$1,553$876
19 years$3,211$2,626$2,134$1,723$1,384$751
20 years$3,018$2,441$1,958$1,561$1,236$645
21 years$2,844$2,273$1,801$1,416$1,106$554
22 years$2,686$2,122$1,660$1,288$992$477
23 years$2,542$1,985$1,533$1,173$890$411
24 years$2,410$1,860$1,418$1,070$800$354
25 years$2,289$1,745$1,313$977$720$305
26 years$2,178$1,640$1,218$893$649$264
27 years$2,075$1,544$1,131$818$585$228
28 years$1,979$1,454$1,051$749$528$197
29 years$1,890$1,372$978$687$476$170
30 years$1,808$1,296$911$630$430$147
31 years$1,730$1,225$850$579$389$127
32 years$1,658$1,159$793$532$352$110
33 years$1,590$1,098$740$489$319$95
34 years$1,527$1,040$691$450$288$82
35 years$1,467$987$646$414$261$71
36 years$1,410$937$605$382$237$62
37 years$1,357$890$566$352$215$54
38 years$1,307$845$530$324$195$46
39 years$1,259$804$497$299$176$40
40 years$1,214$765$465$276$160$35
41 years$1,171$728$436$254$145$30
42 years$1,131$693$409$235$132$26
43 years$1,092$661$384$217$120$23
44 years$1,055$630$361$200$108$20
45 years$1,020$600$339$185$98$17
46 years$987$573$318$171$89$15
47 years$955$547$299$158$81$13
48 years$924$522$281$146$74$11
49 years$895$498$264$135$67$10
50 years$867$476$248$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $888,000, adding $2,611 every year, while hoping to spend $35,740 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: 58/19/23 Blend
54$888,000$888,000$888,000$888,000
55$981,269$934,205$920,441$1,031,973
56$1,043,332$941,954$913,249$1,074,577
57$1,110,527$948,885$904,618$1,116,947
58$1,183,340$954,920$894,462$1,162,369
59$1,262,305$959,976$882,691$1,211,147
60$1,348,011$963,965$869,212$1,263,618
61$1,441,102$966,794$853,925$1,320,151
62$1,542,290$968,362$836,727$1,381,158
63$1,652,356$968,564$817,510$1,447,090
64$1,772,161$967,288$796,161$1,518,448
65$1,902,650$964,415$772,561$1,595,787
66$2,044,866$959,817$746,588$1,679,716
67$2,199,955$953,360$718,111$1,770,910
68$2,369,178$944,902$686,995$1,870,117
69$2,553,923$934,291$653,098$1,978,159
70$2,755,720$921,368$616,274$2,095,947
71$2,976,251$905,963$576,367$2,224,486
72$3,217,369$887,895$533,215$2,364,886
73$3,481,114$866,975$486,650$2,518,372
74$3,769,730$843,000$436,497$2,686,299
75$4,085,693$815,757$382,569$2,870,160
76$4,431,724$785,019$324,676$3,071,606
77$4,810,823$750,549$262,615$3,292,458
78$5,226,292$712,091$196,179$3,534,728
79$5,681,770$669,379$125,146$3,800,634
80$6,181,262$622,130$49,290$4,092,626
81$6,729,180$570,044$0$4,413,410
82$7,330,385$512,805$0$4,773,739
83$7,990,231$450,078$0$5,182,550
84$8,714,613$381,511$0$5,631,433
85$9,510,027$306,729$0$6,124,464
86$10,383,629$225,338$0$6,666,138
87$11,343,301$136,921$0$7,261,409
88$12,397,727$41,040$0$7,915,739
89$13,556,473$0$0$8,635,151
90$14,830,077$0$0$9,439,405
91$16,230,151$0$0$10,333,035
92$17,769,486$0$0$11,315,636
93$19,462,174$0$0$12,396,215
94$21,323,742$0$0$13,584,693
95$23,371,298$0$0$14,892,004
96$25,623,690$0$0$16,330,194
97$28,101,684$0$0$17,912,534
98$30,828,161$0$0$19,653,648
99$33,828,333$0$0$21,569,647
100$37,129,976$0$0$23,678,285