Can I retire at age 55 with 806,000?

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 $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%11.4%
1 years$66,559$65,966$65,387$64,823$64,272$63,893
2 years$32,950$32,336$31,741$31,165$30,606$30,224
3 years$21,748$21,132$20,539$19,968$19,417$19,044
4 years$16,149$15,534$14,947$14,386$13,849$13,487
5 years$12,790$12,179$11,599$11,049$10,528$10,178
6 years$10,551$9,945$9,374$8,836$8,330$7,993
7 years$8,953$8,352$7,790$7,265$6,775$6,451
8 years$7,755$7,159$6,606$6,094$5,620$5,310
9 years$6,823$6,233$5,690$5,191$4,733$4,435
10 years$6,079$5,494$4,961$4,475$4,033$3,748
11 years$5,470$4,891$4,367$3,894$3,468$3,196
12 years$4,963$4,390$3,876$3,416$3,006$2,746
13 years$4,534$3,967$3,463$3,016$2,621$2,373
14 years$4,167$3,606$3,111$2,677$2,297$2,062
15 years$3,849$3,294$2,809$2,387$2,023$1,799
16 years$3,571$3,023$2,547$2,138$1,788$1,575
17 years$3,326$2,784$2,318$1,921$1,585$1,383
18 years$3,108$2,572$2,116$1,731$1,409$1,218
19 years$2,914$2,384$1,937$1,564$1,256$1,075
20 years$2,739$2,215$1,778$1,417$1,122$950
21 years$2,581$2,063$1,635$1,286$1,004$842
22 years$2,438$1,926$1,507$1,169$900$747
23 years$2,307$1,801$1,391$1,065$808$664
24 years$2,188$1,688$1,287$971$726$590
25 years$2,078$1,584$1,192$887$654$525
26 years$1,977$1,489$1,105$811$589$468
27 years$1,883$1,401$1,026$742$531$418
28 years$1,796$1,320$954$680$479$373
29 years$1,716$1,245$888$624$432$333
30 years$1,641$1,176$827$572$391$297
31 years$1,571$1,112$771$526$353$266
32 years$1,505$1,052$719$483$320$238
33 years$1,443$996$672$444$289$213
34 years$1,386$944$628$409$262$190
35 years$1,331$896$587$376$237$170
36 years$1,280$850$549$346$215$153
37 years$1,232$807$514$319$195$137
38 years$1,186$767$481$294$177$122
39 years$1,143$730$451$271$160$110
40 years$1,102$694$423$250$145$98
41 years$1,063$661$396$231$132$88
42 years$1,026$629$372$213$120$79
43 years$991$600$349$197$108$71
44 years$958$572$327$182$98$64
45 years$926$545$307$168$89$57
46 years$895$520$289$155$81$51
47 years$866$496$271$143$74$46
48 years$839$474$255$132$67$41
49 years$812$452$240$122$61$37
50 years$787$432$225$113$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $806,000, adding $4,302 every year, while hoping to spend $26,477 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: 48/42/10 Blend
54$806,000$806,000$806,000$806,000
55$892,650$849,932$837,439$932,865
56$955,528$863,407$837,321$974,427
57$1,023,934$876,655$836,313$1,016,408
58$1,098,401$889,637$834,355$1,061,382
59$1,179,519$902,311$831,388$1,109,636
60$1,267,938$914,632$827,347$1,161,488
61$1,364,371$926,552$822,167$1,217,287
62$1,469,604$938,020$815,776$1,277,419
63$1,584,502$948,981$808,103$1,342,309
64$1,710,016$959,377$799,070$1,412,428
65$1,847,196$969,145$788,597$1,488,295
66$1,997,195$978,218$776,600$1,570,481
67$2,161,284$986,526$762,991$1,659,620
68$2,340,862$993,992$747,678$1,756,407
69$2,537,469$1,000,537$730,565$1,861,613
70$2,752,803$1,006,075$711,550$1,976,088
71$2,988,730$1,010,514$690,528$2,100,767
72$3,247,309$1,013,757$667,389$2,236,685
73$3,530,805$1,015,702$642,018$2,384,984
74$3,841,714$1,016,239$614,293$2,546,924
75$4,182,786$1,015,251$584,088$2,723,893
76$4,557,047$1,012,615$551,272$2,917,426
77$4,967,832$1,008,200$515,706$3,129,214
78$5,418,816$1,001,867$477,247$3,361,125
79$5,914,044$993,467$435,744$3,615,219
80$6,457,975$982,845$391,039$3,893,769
81$7,055,518$969,835$342,969$4,199,281
82$7,712,084$954,260$291,362$4,534,523
83$8,433,633$935,934$236,038$4,902,547
84$9,226,729$914,661$176,811$5,306,718
85$10,098,606$890,230$113,485$5,750,752
86$11,057,233$862,420$45,856$6,238,745
87$12,111,390$830,998$0$6,775,216
88$13,270,750$795,716$0$7,367,957
89$14,545,971$756,310$0$8,025,064
90$15,948,795$712,504$0$8,747,727
91$17,492,160$664,005$0$9,542,659
92$19,190,320$610,501$0$10,417,265
93$21,058,983$551,665$0$11,379,709
94$23,115,453$487,151$0$12,438,991
95$25,378,800$416,592$0$13,605,036
96$27,870,034$339,601$0$14,888,788
97$30,612,305$255,770$0$16,302,311
98$33,631,123$164,665$0$17,858,910
99$36,954,596$65,832$0$19,573,251
100$40,613,696$0$0$21,461,505