Can I retire at age 55 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$66,228$65,638$65,063$64,501$63,953$61,807
2 years$32,786$32,176$31,584$31,010$30,454$28,313
3 years$21,640$21,027$20,437$19,869$19,321$17,252
4 years$16,069$15,457$14,873$14,314$13,780$11,799
5 years$12,726$12,119$11,542$10,995$10,475$8,588
6 years$10,499$9,896$9,328$8,792$8,289$6,497
7 years$8,909$8,310$7,751$7,229$6,741$5,044
8 years$7,716$7,124$6,574$6,064$5,592$3,988
9 years$6,789$6,202$5,662$5,165$4,710$3,197
10 years$6,048$5,467$4,936$4,452$4,013$2,589
11 years$5,443$4,867$4,346$3,875$3,451$2,114
12 years$4,938$4,368$3,857$3,399$2,991$1,737
13 years$4,511$3,948$3,446$3,001$2,608$1,434
14 years$4,146$3,588$3,096$2,664$2,286$1,189
15 years$3,830$3,278$2,795$2,376$2,013$989
16 years$3,553$3,008$2,534$2,127$1,779$825
17 years$3,309$2,770$2,306$1,911$1,577$689
18 years$3,093$2,559$2,105$1,722$1,402$577
19 years$2,900$2,372$1,927$1,556$1,250$484
20 years$2,726$2,204$1,769$1,409$1,117$407
21 years$2,569$2,053$1,627$1,279$999$342
22 years$2,426$1,917$1,499$1,163$896$288
23 years$2,296$1,793$1,384$1,059$804$242
24 years$2,177$1,679$1,280$966$723$204
25 years$2,068$1,576$1,186$882$650$172
26 years$1,967$1,481$1,100$807$586$145
27 years$1,874$1,394$1,021$738$528$122
28 years$1,787$1,314$949$677$477$103
29 years$1,707$1,239$884$620$430$87
30 years$1,633$1,170$823$569$389$74
31 years$1,563$1,106$767$523$351$62
32 years$1,497$1,047$716$481$318$52
33 years$1,436$991$668$442$288$44
34 years$1,379$940$625$407$261$37
35 years$1,325$891$584$374$236$32
36 years$1,274$846$546$345$214$27
37 years$1,226$803$511$318$194$23
38 years$1,180$764$479$293$176$19
39 years$1,137$726$449$270$159$16
40 years$1,096$691$420$249$144$14
41 years$1,058$658$394$230$131$12
42 years$1,021$626$370$212$119$10
43 years$986$597$347$196$108$8
44 years$953$569$326$181$98$7
45 years$921$542$306$167$89$6
46 years$891$517$287$154$81$5
47 years$862$494$270$142$73$4
48 years$835$471$254$132$67$4
49 years$808$450$238$122$60$3
50 years$783$430$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $802,000, adding $3,144 every year, while hoping to spend $59,949 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: 45/34/21 Blend
54$802,000$802,000$802,000$802,000
55$887,047$844,541$832,110$921,472
56$913,741$822,138$796,200$923,590
57$941,148$796,629$757,079$919,732
58$969,278$767,796$714,574$914,318
59$998,139$735,413$668,507$907,231
60$1,027,739$699,239$618,692$898,350
61$1,058,084$659,017$564,934$887,543
62$1,089,178$614,478$507,028$874,673
63$1,121,023$565,336$444,762$859,593
64$1,153,620$511,290$377,915$842,147
65$1,186,966$452,021$306,252$822,170
66$1,221,058$387,191$229,533$799,488
67$1,255,888$316,445$147,504$773,916
68$1,291,444$239,406$59,901$745,255
69$1,327,711$155,677$0$713,297
70$1,364,671$64,839$0$685,348
71$1,402,299$0$0$668,458
72$1,440,566$0$0$661,563
73$1,479,435$0$0$679,175
74$1,518,865$0$0$697,012
75$1,558,806$0$0$715,049
76$1,599,199$0$0$733,254
77$1,639,975$0$0$751,591
78$1,681,057$0$0$770,021
79$1,722,355$0$0$788,497
80$1,763,764$0$0$806,965
81$1,805,167$0$0$825,364
82$1,846,431$0$0$843,628
83$1,887,404$0$0$861,678
84$1,927,914$0$0$879,427
85$1,967,767$0$0$896,776
86$2,006,747$0$0$913,617
87$2,044,608$0$0$929,824
88$2,081,076$0$0$945,259
89$2,115,843$0$0$959,767
90$2,148,565$0$0$973,176
91$2,178,857$0$0$985,290
92$2,206,290$0$0$995,895
93$2,230,384$0$0$1,004,750
94$2,250,606$0$0$1,011,587
95$2,266,362$0$0$1,016,109
96$2,276,990$0$0$1,017,984
97$2,281,754$0$0$1,016,845
98$2,279,839$0$0$1,012,283
99$2,270,337$0$0$1,003,845
100$2,252,241$0$0$991,028