Can I retire at age 55 with 801,000?

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 $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%11.2%
1 years$66,146$65,557$64,982$64,421$63,873$63,550
2 years$32,745$32,136$31,545$30,972$30,416$30,090
3 years$21,613$21,001$20,411$19,844$19,297$18,978
4 years$16,049$15,438$14,854$14,296$13,763$13,454
5 years$12,710$12,104$11,528$10,981$10,462$10,164
6 years$10,486$9,883$9,316$8,782$8,278$7,991
7 years$8,897$8,300$7,742$7,220$6,733$6,456
8 years$7,707$7,115$6,565$6,056$5,585$5,320
9 years$6,781$6,195$5,655$5,159$4,704$4,449
10 years$6,041$5,460$4,930$4,447$4,008$3,764
11 years$5,436$4,861$4,340$3,870$3,447$3,214
12 years$4,932$4,363$3,852$3,395$2,987$2,764
13 years$4,506$3,943$3,441$2,997$2,605$2,392
14 years$4,141$3,584$3,092$2,660$2,283$2,081
15 years$3,825$3,274$2,792$2,373$2,010$1,818
16 years$3,549$3,004$2,531$2,124$1,777$1,594
17 years$3,305$2,766$2,303$1,909$1,575$1,402
18 years$3,089$2,556$2,103$1,720$1,401$1,236
19 years$2,896$2,369$1,925$1,554$1,249$1,092
20 years$2,722$2,202$1,767$1,408$1,115$967
21 years$2,565$2,051$1,625$1,278$998$858
22 years$2,423$1,914$1,498$1,162$895$762
23 years$2,293$1,790$1,383$1,058$803$678
24 years$2,174$1,677$1,279$965$722$604
25 years$2,065$1,574$1,184$881$649$539
26 years$1,964$1,479$1,098$806$585$481
27 years$1,871$1,392$1,020$737$527$429
28 years$1,785$1,312$948$676$476$384
29 years$1,705$1,238$882$620$430$343
30 years$1,630$1,169$822$569$388$307
31 years$1,561$1,105$766$522$351$275
32 years$1,496$1,046$715$480$318$246
33 years$1,434$990$668$441$287$221
34 years$1,377$938$624$406$260$198
35 years$1,323$890$583$374$236$178
36 years$1,272$845$546$344$214$159
37 years$1,224$802$511$317$194$143
38 years$1,179$763$478$292$175$128
39 years$1,136$725$448$270$159$115
40 years$1,095$690$420$249$144$103
41 years$1,056$657$394$229$131$93
42 years$1,020$625$369$212$119$83
43 years$985$596$347$195$108$75
44 years$952$568$325$180$98$67
45 years$920$542$305$167$89$60
46 years$890$517$287$154$81$54
47 years$861$493$270$142$73$49
48 years$834$471$253$131$67$44
49 years$807$450$238$121$60$39
50 years$782$429$224$112$55$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $801,000, adding $3,220 every year, while hoping to spend $40,645 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: 58/21/21 Blend
54$801,000$801,000$801,000$801,000
55$886,023$843,570$831,155$932,277
56$933,152$841,659$815,753$962,197
57$983,725$838,293$798,472$990,133
58$1,038,052$833,355$779,208$1,019,696
59$1,096,470$826,727$757,848$1,051,049
60$1,159,352$818,279$734,278$1,084,379
61$1,227,106$807,874$708,377$1,119,889
62$1,300,180$795,370$680,016$1,157,807
63$1,379,067$780,611$649,065$1,198,385
64$1,464,308$763,437$615,385$1,241,903
65$1,556,497$743,675$578,830$1,288,674
66$1,656,289$721,144$539,250$1,339,041
67$1,764,402$695,652$496,486$1,393,387
68$1,881,626$666,994$450,374$1,452,138
69$2,008,831$634,956$400,741$1,515,764
70$2,146,972$599,309$347,406$1,584,785
71$2,297,100$559,812$290,181$1,659,782
72$2,460,372$516,211$228,870$1,741,394
73$2,638,061$468,236$163,268$1,830,330
74$2,831,566$415,602$93,160$1,927,376
75$3,042,428$358,009$18,323$2,033,403
76$3,272,341$295,137$0$2,149,373
77$3,523,173$226,652$0$2,290,143
78$3,796,978$152,199$0$2,448,379
79$4,096,015$71,402$0$2,621,334
80$4,422,773$0$0$2,810,511
81$4,779,994$0$0$3,021,297
82$5,170,693$0$0$3,269,949
83$5,598,192$0$0$3,542,089
84$6,066,149$0$0$3,840,052
85$6,578,592$0$0$4,166,414
86$7,139,955$0$0$4,524,006
87$7,755,122$0$0$4,915,950
88$8,429,474$0$0$5,345,683
89$9,168,935$0$0$5,816,991
90$9,980,030$0$0$6,334,042
91$10,869,946$0$0$6,901,430
92$11,846,600$0$0$7,524,213
93$12,918,713$0$0$8,207,963
94$14,095,889$0$0$8,958,819
95$15,388,711$0$0$9,783,541
96$16,808,834$0$0$10,689,579
97$18,369,099$0$0$11,685,139
98$20,083,654$0$0$12,779,261
99$21,968,081$0$0$13,981,903
100$24,039,551$0$0$15,304,038