Can I retire at age 55 with 801,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$66,146$65,557$64,982$64,421$63,873$61,631
2 years$32,745$32,136$31,545$30,972$30,416$28,181
3 years$21,613$21,001$20,411$19,844$19,297$17,139
4 years$16,049$15,438$14,854$14,296$13,763$11,698
5 years$12,710$12,104$11,528$10,981$10,462$8,497
6 years$10,486$9,883$9,316$8,782$8,278$6,413
7 years$8,897$8,300$7,742$7,220$6,733$4,967
8 years$7,707$7,115$6,565$6,056$5,585$3,919
9 years$6,781$6,195$5,655$5,159$4,704$3,134
10 years$6,041$5,460$4,930$4,447$4,008$2,531
11 years$5,436$4,861$4,340$3,870$3,447$2,061
12 years$4,932$4,363$3,852$3,395$2,987$1,689
13 years$4,506$3,943$3,441$2,997$2,605$1,391
14 years$4,141$3,584$3,092$2,660$2,283$1,150
15 years$3,825$3,274$2,792$2,373$2,010$954
16 years$3,549$3,004$2,531$2,124$1,777$793
17 years$3,305$2,766$2,303$1,909$1,575$661
18 years$3,089$2,556$2,103$1,720$1,401$552
19 years$2,896$2,369$1,925$1,554$1,249$461
20 years$2,722$2,202$1,767$1,408$1,115$386
21 years$2,565$2,051$1,625$1,278$998$324
22 years$2,423$1,914$1,498$1,162$895$272
23 years$2,293$1,790$1,383$1,058$803$228
24 years$2,174$1,677$1,279$965$722$191
25 years$2,065$1,574$1,184$881$649$161
26 years$1,964$1,479$1,098$806$585$135
27 years$1,871$1,392$1,020$737$527$114
28 years$1,785$1,312$948$676$476$96
29 years$1,705$1,238$882$620$430$80
30 years$1,630$1,169$822$569$388$68
31 years$1,561$1,105$766$522$351$57
32 years$1,496$1,046$715$480$318$48
33 years$1,434$990$668$441$287$40
34 years$1,377$938$624$406$260$34
35 years$1,323$890$583$374$236$29
36 years$1,272$845$546$344$214$24
37 years$1,224$802$511$317$194$20
38 years$1,179$763$478$292$175$17
39 years$1,136$725$448$270$159$14
40 years$1,095$690$420$249$144$12
41 years$1,056$657$394$229$131$10
42 years$1,020$625$369$212$119$9
43 years$985$596$347$195$108$7
44 years$952$568$325$180$98$6
45 years$920$542$305$167$89$5
46 years$890$517$287$154$81$4
47 years$861$493$270$142$73$4
48 years$834$471$253$131$67$3
49 years$807$450$238$121$60$3
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $801,000, adding $2,469 every year, while hoping to spend $40,098 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: 65/12/23 Blend
54$801,000$801,000$801,000$801,000
55$885,249$842,796$830,380$937,377
56$932,880$841,429$815,534$971,406
57$984,026$838,651$798,847$1,003,833
58$1,039,003$834,351$780,214$1,038,353
59$1,098,157$828,410$759,527$1,075,174
60$1,161,870$820,703$736,672$1,114,526
61$1,230,560$811,097$711,530$1,156,665
62$1,304,688$799,451$683,977$1,201,873
63$1,384,757$785,616$653,881$1,250,460
64$1,471,324$769,432$621,108$1,302,774
65$1,564,998$750,734$585,515$1,359,196
66$1,666,451$729,343$546,952$1,420,149
67$1,776,419$705,070$505,265$1,486,101
68$1,895,714$677,719$460,291$1,557,569
69$2,025,226$647,077$411,861$1,635,126
70$2,165,938$612,922$359,797$1,719,403
71$2,318,928$575,020$303,914$1,811,101
72$2,485,383$533,120$244,019$1,910,991
73$2,666,608$486,959$179,911$2,019,930
74$2,864,042$436,260$111,377$2,138,861
75$3,079,266$380,728$38,200$2,268,828
76$3,314,019$320,052$0$2,410,984
77$3,570,219$253,904$0$2,576,395
78$3,849,973$181,937$0$2,767,317
79$4,155,603$103,785$0$2,975,982
80$4,489,665$19,061$0$3,204,173
81$4,854,972$0$0$3,453,852
82$5,254,623$0$0$3,736,777
83$5,692,027$0$0$4,049,236
84$6,170,943$0$0$4,391,402
85$6,695,505$0$0$4,766,237
86$7,270,268$0$0$5,177,003
87$7,900,250$0$0$5,627,292
88$8,590,975$0$0$6,121,062
89$9,348,529$0$0$6,662,669
90$10,179,613$0$0$7,256,913
91$11,091,610$0$0$7,909,082
92$12,092,651$0$0$8,624,999
93$13,191,694$0$0$9,411,079
94$14,398,606$0$0$10,274,389
95$15,724,256$0$0$11,222,713
96$17,180,617$0$0$12,264,626
97$18,780,880$0$0$13,409,577
98$20,539,577$0$0$14,667,971
99$22,472,717$0$0$16,051,277
100$24,597,938$0$0$17,572,126