Can I retire at age 55 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$66,311$65,720$65,144$64,582$64,032$63,285
2 years$32,827$32,216$31,623$31,049$30,492$29,739
3 years$21,667$21,053$20,462$19,893$19,345$18,611
4 years$16,089$15,476$14,891$14,332$13,797$13,087
5 years$12,742$12,134$11,556$11,008$10,488$9,805
6 years$10,512$9,908$9,339$8,803$8,299$7,642
7 years$8,920$8,321$7,761$7,238$6,749$6,120
8 years$7,726$7,132$6,582$6,072$5,599$4,997
9 years$6,798$6,210$5,669$5,172$4,715$4,140
10 years$6,056$5,474$4,942$4,458$4,018$3,469
11 years$5,449$4,873$4,351$3,880$3,455$2,933
12 years$4,944$4,374$3,862$3,403$2,994$2,498
13 years$4,517$3,953$3,450$3,004$2,611$2,139
14 years$4,151$3,593$3,100$2,667$2,289$1,841
15 years$3,834$3,282$2,799$2,379$2,015$1,591
16 years$3,558$3,011$2,538$2,130$1,781$1,380
17 years$3,314$2,773$2,309$1,914$1,579$1,200
18 years$3,097$2,563$2,108$1,724$1,404$1,046
19 years$2,903$2,375$1,930$1,558$1,252$914
20 years$2,729$2,207$1,771$1,411$1,118$800
21 years$2,572$2,056$1,629$1,281$1,000$702
22 years$2,429$1,919$1,501$1,165$897$616
23 years$2,299$1,795$1,386$1,061$805$541
24 years$2,180$1,682$1,282$967$724$476
25 years$2,070$1,578$1,187$883$651$419
26 years$1,969$1,483$1,101$808$586$370
27 years$1,876$1,396$1,023$739$529$326
28 years$1,790$1,315$951$677$477$288
29 years$1,709$1,241$885$621$431$254
30 years$1,635$1,172$824$570$389$224
31 years$1,565$1,108$768$524$352$198
32 years$1,499$1,048$717$481$318$175
33 years$1,438$993$669$442$288$155
34 years$1,381$941$625$407$261$137
35 years$1,326$892$585$375$236$121
36 years$1,275$847$547$345$214$107
37 years$1,227$804$512$318$194$95
38 years$1,182$764$479$293$176$84
39 years$1,139$727$449$270$160$75
40 years$1,098$692$421$249$145$66
41 years$1,059$658$395$230$131$58
42 years$1,022$627$370$212$119$52
43 years$987$597$347$196$108$46
44 years$954$569$326$181$98$41
45 years$922$543$306$167$89$36
46 years$892$518$288$154$81$32
47 years$863$494$270$143$73$28
48 years$836$472$254$132$67$25
49 years$809$451$239$122$61$22
50 years$784$430$224$113$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $803,000, adding $5,380 every year, while hoping to spend $31,345 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: 68/11/21 Blend
54$803,000$803,000$803,000$803,000
55$890,455$847,896$835,450$945,979
56$947,931$856,093$830,087$992,012
57$1,010,219$863,640$823,493$1,038,213
58$1,077,776$870,473$815,595$1,088,001
59$1,151,106$876,523$806,315$1,141,727
60$1,230,763$881,717$795,571$1,199,781
61$1,317,356$885,976$783,277$1,262,590
62$1,411,555$889,217$769,345$1,330,630
63$1,514,096$891,352$753,681$1,404,420
64$1,625,791$892,285$736,187$1,484,537
65$1,747,533$891,918$716,760$1,571,617
66$1,880,303$890,144$695,293$1,666,360
67$2,025,184$886,851$671,676$1,769,539
68$2,183,365$881,919$645,789$1,882,007
69$2,356,156$875,221$617,510$2,004,704
70$2,544,999$866,622$586,713$2,138,668
71$2,751,483$855,980$553,261$2,285,043
72$2,977,355$843,144$517,016$2,445,092
73$3,224,541$827,954$477,832$2,620,207
74$3,495,159$810,239$435,555$2,811,924
75$3,791,545$789,821$390,025$3,021,936
76$4,116,269$766,508$341,077$3,252,112
77$4,472,160$740,099$288,535$3,504,512
78$4,862,338$710,381$232,219$3,781,408
79$5,290,235$677,128$171,937$4,085,307
80$5,759,634$640,103$107,492$4,418,972
81$6,274,700$599,051$38,676$4,785,451
82$6,840,022$553,707$0$5,188,104
83$7,460,654$503,788$0$5,638,427
84$8,142,163$448,996$0$6,142,471
85$8,890,682$389,016$0$6,696,122
86$9,712,968$323,514$0$7,304,403
87$10,616,464$252,139$0$7,972,850
88$11,609,368$174,518$0$8,707,564
89$12,700,714$90,260$0$9,515,270
90$13,900,454$0$0$10,403,375
91$15,219,552$0$0$11,380,173
92$16,670,087$0$0$12,466,367
93$18,265,369$0$0$13,661,003
94$20,020,059$0$0$14,975,068
95$21,950,314$0$0$16,420,668
96$24,073,934$0$0$18,011,141
97$26,410,531$0$0$19,761,183
98$28,981,713$0$0$21,686,985
99$31,811,292$0$0$23,806,389
100$34,925,501$0$0$26,139,054