Can I retire at age 55 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$66,476$65,884$65,306$64,742$64,192$63,180
2 years$32,909$32,296$31,702$31,126$30,568$29,551
3 years$21,721$21,106$20,513$19,943$19,393$18,404
4 years$16,129$15,515$14,928$14,368$13,831$12,876
5 years$12,774$12,164$11,585$11,036$10,514$9,596
6 years$10,538$9,933$9,362$8,825$8,320$7,440
7 years$8,942$8,342$7,780$7,256$6,766$5,924
8 years$7,745$7,150$6,598$6,087$5,613$4,810
9 years$6,815$6,226$5,683$5,185$4,727$3,961
10 years$6,071$5,488$4,955$4,469$4,028$3,299
11 years$5,463$4,885$4,362$3,889$3,464$2,772
12 years$4,956$4,385$3,871$3,412$3,002$2,345
13 years$4,528$3,963$3,459$3,012$2,618$1,996
14 years$4,162$3,602$3,108$2,674$2,295$1,706
15 years$3,844$3,290$2,806$2,384$2,020$1,465
16 years$3,566$3,019$2,544$2,135$1,786$1,261
17 years$3,322$2,780$2,315$1,918$1,583$1,089
18 years$3,105$2,569$2,113$1,729$1,408$943
19 years$2,910$2,381$1,934$1,562$1,255$818
20 years$2,736$2,213$1,775$1,415$1,121$711
21 years$2,578$2,061$1,633$1,284$1,003$618
22 years$2,435$1,924$1,505$1,167$899$539
23 years$2,305$1,799$1,390$1,063$807$470
24 years$2,185$1,686$1,285$970$725$410
25 years$2,075$1,582$1,190$886$653$358
26 years$1,974$1,487$1,104$810$588$313
27 years$1,881$1,399$1,025$741$530$274
28 years$1,794$1,319$953$679$478$240
29 years$1,714$1,244$887$623$432$210
30 years$1,639$1,175$826$572$390$184
31 years$1,569$1,110$770$525$353$161
32 years$1,503$1,051$719$482$319$142
33 years$1,442$995$671$444$289$124
34 years$1,384$943$627$408$261$109
35 years$1,330$895$586$376$237$96
36 years$1,279$849$548$346$215$84
37 years$1,230$806$513$319$194$74
38 years$1,185$766$481$294$176$65
39 years$1,141$729$450$271$160$57
40 years$1,101$693$422$250$145$50
41 years$1,062$660$396$231$132$44
42 years$1,025$629$371$213$119$38
43 years$990$599$348$196$108$34
44 years$956$571$327$181$98$30
45 years$925$544$307$168$89$26
46 years$894$519$288$155$81$23
47 years$865$496$271$143$74$20
48 years$838$473$255$132$67$18
49 years$811$452$239$122$61$15
50 years$786$432$225$113$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $805,000, adding $5,538 every year, while hoping to spend $33,400 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: 66/22/12 Blend
54$805,000$805,000$805,000$805,000
55$892,822$850,157$837,680$948,987
56$948,353$856,278$830,205$993,248
57$1,008,428$861,579$821,360$1,037,160
58$1,073,476$865,985$811,064$1,084,306
59$1,143,969$869,415$799,232$1,134,999
60$1,220,422$871,786$785,775$1,189,584
61$1,303,407$873,005$770,600$1,248,444
62$1,393,549$872,976$753,610$1,311,999
63$1,491,537$871,598$734,702$1,380,716
64$1,598,129$868,762$713,770$1,455,106
65$1,714,159$864,352$690,702$1,535,736
66$1,840,543$858,245$665,381$1,623,230
67$1,978,293$850,314$637,685$1,718,278
68$2,128,519$840,419$607,487$1,821,641
69$2,292,443$828,415$574,654$1,934,157
70$2,471,412$814,147$539,045$2,056,754
71$2,666,909$797,453$500,515$2,190,453
72$2,880,563$778,157$458,912$2,336,382
73$3,114,171$756,078$414,076$2,495,785
74$3,369,711$731,020$365,842$2,670,035
75$3,649,360$702,778$314,036$2,860,647
76$3,955,514$671,135$258,476$3,069,292
77$4,290,815$635,859$198,974$3,297,813
78$4,658,170$596,707$135,331$3,548,246
79$5,060,780$553,423$67,341$3,822,833
80$5,502,172$505,733$0$4,124,050
81$5,986,229$453,349$0$4,455,295
82$6,517,230$395,969$0$4,828,158
83$7,099,885$333,269$0$5,237,360
84$7,739,385$264,911$0$5,686,597
85$8,441,446$190,535$0$6,179,944
86$9,212,366$109,764$0$6,721,894
87$10,059,082$22,196$0$7,317,399
88$10,989,234$0$0$7,971,920
89$12,011,242$0$0$8,709,050
90$13,134,379$0$0$9,525,081
91$14,368,864$0$0$10,422,070
92$15,725,951$0$0$11,408,203
93$17,218,042$0$0$12,492,498
94$18,858,800$0$0$13,684,893
95$20,663,278$0$0$14,996,333
96$22,648,060$0$0$16,438,882
97$24,831,419$0$0$18,025,827
98$27,233,488$0$0$19,771,812
99$29,876,451$0$0$21,692,968
100$32,784,748$0$0$23,807,072