Can I retire at age 55 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,413$72,759$72,121$71,498$70,890$68,484
2 years$36,343$35,666$35,010$34,374$33,757$31,357
3 years$23,988$23,308$22,654$22,024$21,417$19,098
4 years$17,812$17,134$16,486$15,867$15,275$13,055
5 years$14,107$13,433$12,794$12,187$11,612$9,497
6 years$11,638$10,969$10,339$9,746$9,188$7,180
7 years$9,875$9,212$8,592$8,013$7,472$5,571
8 years$8,553$7,896$7,287$6,722$6,199$4,403
9 years$7,526$6,875$6,276$5,726$5,220$3,527
10 years$6,705$6,060$5,472$4,935$4,448$2,855
11 years$6,033$5,395$4,817$4,295$3,825$2,329
12 years$5,474$4,842$4,275$3,768$3,315$1,912
13 years$5,001$4,376$3,820$3,326$2,891$1,578
14 years$4,596$3,978$3,432$2,953$2,534$1,307
15 years$4,245$3,634$3,099$2,633$2,231$1,087
16 years$3,939$3,334$2,809$2,358$1,972$906
17 years$3,668$3,070$2,556$2,118$1,748$756
18 years$3,429$2,837$2,334$1,909$1,555$633
19 years$3,214$2,629$2,136$1,725$1,386$530
20 years$3,021$2,443$1,961$1,562$1,238$445
21 years$2,847$2,276$1,803$1,418$1,108$374
22 years$2,689$2,124$1,662$1,289$993$314
23 years$2,545$1,987$1,535$1,174$891$264
24 years$2,413$1,862$1,419$1,071$801$223
25 years$2,292$1,747$1,315$978$721$188
26 years$2,180$1,642$1,219$894$649$158
27 years$2,077$1,545$1,132$819$585$133
28 years$1,981$1,456$1,052$750$528$112
29 years$1,892$1,374$979$688$477$95
30 years$1,810$1,297$912$631$431$80
31 years$1,732$1,226$850$580$390$67
32 years$1,660$1,160$793$533$352$57
33 years$1,592$1,099$741$490$319$48
34 years$1,528$1,042$692$451$289$41
35 years$1,468$988$647$415$262$34
36 years$1,412$938$605$382$237$29
37 years$1,359$891$567$352$215$24
38 years$1,308$846$531$325$195$21
39 years$1,261$805$497$299$177$17
40 years$1,215$766$466$276$160$15
41 years$1,173$729$437$255$145$12
42 years$1,132$694$410$235$132$10
43 years$1,093$661$385$217$120$9
44 years$1,056$630$361$200$109$7
45 years$1,021$601$339$185$99$6
46 years$988$573$318$171$90$5
47 years$956$547$299$158$81$4
48 years$925$522$281$146$74$4
49 years$896$499$264$135$67$3
50 years$868$477$248$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $889,000, adding $4,072 every year, while hoping to spend $26,657 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: 76/6/18 Blend
54$889,000$889,000$889,000$889,000
55$983,878$936,761$922,982$1,054,316
56$1,055,871$954,300$925,539$1,119,008
57$1,134,314$971,804$927,288$1,186,209
58$1,219,836$989,245$928,174$1,259,178
59$1,313,131$1,006,589$928,140$1,338,482
60$1,414,961$1,023,803$927,123$1,424,746
61$1,526,166$1,040,849$925,062$1,518,660
62$1,647,672$1,057,687$921,888$1,620,982
63$1,780,494$1,074,274$917,531$1,732,551
64$1,925,755$1,090,563$911,918$1,854,286
65$2,084,687$1,106,506$904,973$1,987,205
66$2,258,649$1,122,049$896,613$2,132,427
67$2,449,137$1,137,135$886,755$2,291,186
68$2,657,798$1,151,703$875,311$2,464,840
69$2,886,446$1,165,689$862,186$2,654,888
70$3,137,079$1,179,024$847,285$2,862,981
71$3,411,897$1,191,632$830,506$3,090,939
72$3,713,325$1,203,436$811,741$3,340,765
73$4,044,030$1,214,351$790,881$3,614,671
74$4,406,954$1,224,287$767,808$3,915,091
75$4,805,334$1,233,148$742,401$4,244,709
76$5,242,739$1,240,833$714,532$4,606,483
77$5,723,098$1,247,233$684,068$5,003,672
78$6,250,740$1,252,233$650,870$5,439,870
79$6,830,433$1,255,711$614,793$5,919,035
80$7,467,432$1,257,536$575,683$6,445,531
81$8,167,525$1,257,569$533,383$7,024,168
82$8,937,086$1,255,664$487,725$7,660,246
83$9,783,142$1,251,665$438,537$8,359,606
84$10,713,432$1,245,406$385,637$9,128,686
85$11,736,482$1,236,711$328,836$9,974,581
86$12,861,687$1,225,393$267,936$10,905,111
87$14,099,398$1,211,256$202,730$11,928,894
88$15,461,018$1,194,089$133,004$13,055,428
89$16,959,113$1,173,671$58,531$14,295,182
90$18,607,528$1,149,766$0$15,659,692
91$20,421,516$1,122,125$0$17,165,696
92$22,417,886$1,090,485$0$18,835,440
93$24,615,157$1,054,565$0$20,673,166
94$27,033,735$1,014,071$0$22,695,945
95$29,696,105$968,689$0$24,922,587
96$32,627,041$918,088$0$27,373,822
97$35,853,844$861,919$0$30,072,492
98$39,406,595$799,812$0$33,043,765
99$43,318,439$731,374$0$36,315,378
100$47,625,901$656,193$0$39,917,895