Can I retire at age 55 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$66,559$65,966$65,387$64,823$64,272$63,390
2 years$32,950$32,336$31,741$31,165$30,606$29,719
3 years$21,748$21,132$20,539$19,968$19,417$18,553
4 years$16,149$15,534$14,947$14,386$13,849$13,013
5 years$12,790$12,179$11,599$11,049$10,528$9,724
6 years$10,551$9,945$9,374$8,836$8,330$7,559
7 years$8,953$8,352$7,790$7,265$6,775$6,036
8 years$7,755$7,159$6,606$6,094$5,620$4,915
9 years$6,823$6,233$5,690$5,191$4,733$4,060
10 years$6,079$5,494$4,961$4,475$4,033$3,392
11 years$5,470$4,891$4,367$3,894$3,468$2,859
12 years$4,963$4,390$3,876$3,416$3,006$2,426
13 years$4,534$3,967$3,463$3,016$2,621$2,072
14 years$4,167$3,606$3,111$2,677$2,297$1,777
15 years$3,849$3,294$2,809$2,387$2,023$1,531
16 years$3,571$3,023$2,547$2,138$1,788$1,323
17 years$3,326$2,784$2,318$1,921$1,585$1,146
18 years$3,108$2,572$2,116$1,731$1,409$996
19 years$2,914$2,384$1,937$1,564$1,256$867
20 years$2,739$2,215$1,778$1,417$1,122$756
21 years$2,581$2,063$1,635$1,286$1,004$660
22 years$2,438$1,926$1,507$1,169$900$578
23 years$2,307$1,801$1,391$1,065$808$506
24 years$2,188$1,688$1,287$971$726$443
25 years$2,078$1,584$1,192$887$654$389
26 years$1,977$1,489$1,105$811$589$341
27 years$1,883$1,401$1,026$742$531$300
28 years$1,796$1,320$954$680$479$264
29 years$1,716$1,245$888$624$432$232
30 years$1,641$1,176$827$572$391$204
31 years$1,571$1,112$771$526$353$179
32 years$1,505$1,052$719$483$320$158
33 years$1,443$996$672$444$289$139
34 years$1,386$944$628$409$262$123
35 years$1,331$896$587$376$237$108
36 years$1,280$850$549$346$215$95
37 years$1,232$807$514$319$195$84
38 years$1,186$767$481$294$177$74
39 years$1,143$730$451$271$160$65
40 years$1,102$694$423$250$145$57
41 years$1,063$661$396$231$132$51
42 years$1,026$629$372$213$120$45
43 years$991$600$349$197$108$39
44 years$958$572$327$182$98$35
45 years$926$545$307$168$89$31
46 years$895$520$289$155$81$27
47 years$866$496$271$143$74$24
48 years$839$474$255$132$67$21
49 years$812$452$240$122$61$19
50 years$787$432$225$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $806,000, adding $2,552 every year, while hoping to spend $44,998 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: 84/5/11 Blend
54$806,000$806,000$806,000$806,000
55$890,844$848,126$835,633$963,878
56$933,833$841,807$815,750$1,005,718
57$979,698$833,670$793,692$1,045,378
58$1,028,686$823,578$769,339$1,087,570
59$1,081,066$811,388$742,566$1,132,522
60$1,137,134$796,945$713,241$1,180,483
61$1,197,213$780,086$681,226$1,231,730
62$1,261,659$760,641$646,377$1,286,567
63$1,330,862$738,426$608,544$1,345,327
64$1,405,250$713,249$567,571$1,408,380
65$1,485,293$684,905$523,291$1,476,131
66$1,571,506$653,179$475,535$1,549,026
67$1,664,456$617,842$424,122$1,627,559
68$1,764,767$578,652$368,866$1,712,272
69$1,873,120$535,353$309,571$1,803,761
70$1,990,269$487,676$246,032$1,902,687
71$2,117,038$435,334$178,036$2,009,773
72$2,254,337$378,026$105,361$2,125,820
73$2,403,163$315,433$27,774$2,251,710
74$2,564,614$247,218$0$2,388,412
75$2,739,898$173,024$0$2,543,456
76$2,930,341$92,477$0$2,715,462
77$3,137,406$5,178$0$2,902,497
78$3,362,698$0$0$3,106,028
79$3,607,987$0$0$3,332,580
80$3,875,217$0$0$3,579,721
81$4,166,530$0$0$3,849,148
82$4,484,283$0$0$4,143,041
83$4,831,068$0$0$4,463,802
84$5,209,741$0$0$4,814,073
85$5,623,444$0$0$5,196,763
86$6,075,638$0$0$5,615,075
87$6,570,132$0$0$6,072,534
88$7,111,120$0$0$6,573,022
89$7,703,220$0$0$7,120,815
90$8,351,517$0$0$7,720,619
91$9,061,612$0$0$8,377,617
92$9,839,670$0$0$9,097,518
93$10,692,485$0$0$9,886,609
94$11,627,535$0$0$10,751,814
95$12,653,060$0$0$11,700,757
96$13,778,132$0$0$12,741,839
97$15,012,748$0$0$13,884,310
98$16,367,916$0$0$15,138,362
99$17,855,763$0$0$16,515,220
100$19,489,647$0$0$18,027,249