Can I retire at age 55 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$66,724$66,130$65,550$64,984$64,431$64,079
2 years$33,032$32,416$31,820$31,242$30,681$30,326
3 years$21,802$21,185$20,590$20,017$19,466$19,118
4 years$16,189$15,573$14,984$14,421$13,883$13,546
5 years$12,822$12,209$11,628$11,077$10,554$10,228
6 years$10,577$9,970$9,397$8,858$8,351$8,037
7 years$8,975$8,373$7,809$7,283$6,791$6,490
8 years$7,774$7,177$6,623$6,109$5,634$5,344
9 years$6,840$6,249$5,704$5,204$4,745$4,467
10 years$6,094$5,508$4,973$4,486$4,043$3,777
11 years$5,483$4,903$4,378$3,904$3,477$3,223
12 years$4,975$4,401$3,886$3,424$3,013$2,770
13 years$4,545$3,977$3,472$3,023$2,627$2,396
14 years$4,177$3,615$3,119$2,684$2,303$2,083
15 years$3,858$3,303$2,816$2,393$2,028$1,818
16 years$3,580$3,030$2,553$2,143$1,792$1,593
17 years$3,334$2,791$2,323$1,925$1,589$1,400
18 years$3,116$2,579$2,121$1,735$1,413$1,234
19 years$2,921$2,390$1,942$1,568$1,259$1,090
20 years$2,746$2,221$1,782$1,420$1,125$964
21 years$2,588$2,069$1,639$1,289$1,007$855
22 years$2,444$1,931$1,511$1,172$902$759
23 years$2,313$1,806$1,395$1,067$810$675
24 years$2,193$1,692$1,290$973$728$600
25 years$2,083$1,588$1,195$889$655$535
26 years$1,982$1,492$1,108$813$590$477
27 years$1,888$1,404$1,029$744$532$426
28 years$1,801$1,323$957$682$480$380
29 years$1,720$1,249$890$625$433$340
30 years$1,645$1,179$829$574$392$304
31 years$1,574$1,115$773$527$354$272
32 years$1,509$1,055$721$484$320$243
33 years$1,447$999$673$445$290$218
34 years$1,389$947$629$410$262$195
35 years$1,335$898$588$377$238$175
36 years$1,283$852$550$347$215$157
37 years$1,235$809$515$320$195$141
38 years$1,189$769$482$295$177$126
39 years$1,146$731$452$272$160$113
40 years$1,105$696$424$251$146$101
41 years$1,066$662$397$231$132$91
42 years$1,029$631$373$214$120$82
43 years$994$601$350$197$109$73
44 years$960$573$328$182$99$66
45 years$928$546$308$168$90$59
46 years$898$521$289$155$81$53
47 years$869$497$272$143$74$48
48 years$841$475$255$133$67$43
49 years$814$453$240$123$61$38
50 years$789$433$226$113$55$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $808,000, adding $6,303 every year, while hoping to spend $21,135 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: 44/41/15 Blend
54$808,000$808,000$808,000$808,000
55$896,918$854,094$841,570$932,244
56$965,916$873,457$847,275$976,941
57$1,041,243$893,060$852,463$1,022,751
58$1,123,524$912,894$857,094$1,071,946
59$1,213,443$932,945$861,126$1,124,848
60$1,311,756$953,202$864,516$1,181,811
61$1,419,296$973,649$867,218$1,243,224
62$1,536,977$994,271$869,183$1,309,517
63$1,665,809$1,015,051$870,361$1,381,164
64$1,806,902$1,035,968$870,698$1,458,687
65$1,961,478$1,057,003$870,138$1,542,662
66$2,130,884$1,078,132$868,623$1,633,721
67$2,316,604$1,099,330$866,092$1,732,566
68$2,520,271$1,120,570$862,480$1,839,965
69$2,743,685$1,141,824$857,718$1,956,768
70$2,988,826$1,163,059$851,738$2,083,912
71$3,257,878$1,184,241$844,463$2,222,429
72$3,553,246$1,205,333$835,816$2,373,457
73$3,877,578$1,226,295$825,717$2,538,251
74$4,233,791$1,247,084$814,079$2,718,192
75$4,625,100$1,267,654$800,813$2,914,807
76$5,055,046$1,287,954$785,826$3,129,777
77$5,527,529$1,307,933$769,020$3,364,953
78$6,046,847$1,327,531$750,292$3,622,381
79$6,617,734$1,346,689$729,535$3,904,313
80$7,245,406$1,365,339$706,637$4,213,231
81$7,935,609$1,383,412$681,481$4,551,874
82$8,694,675$1,400,833$653,945$4,923,261
83$9,529,579$1,417,521$623,899$5,330,720
84$10,448,006$1,433,390$591,210$5,777,919
85$11,458,425$1,448,349$555,738$6,268,904
86$12,570,166$1,462,299$517,336$6,808,133
87$13,793,508$1,475,137$475,852$7,400,524
88$15,139,778$1,486,751$431,126$8,051,494
89$16,621,457$1,497,023$382,990$8,767,020
90$18,252,296$1,505,828$331,270$9,553,688
91$20,047,447$1,513,030$275,785$10,418,760
92$22,023,607$1,518,488$216,343$11,370,239
93$24,199,171$1,522,050$152,747$12,416,951
94$26,594,410$1,523,555$84,789$13,568,623
95$29,231,663$1,522,832$12,252$14,835,979
96$32,135,541$1,519,699$0$16,230,840
97$35,333,165$1,513,964$0$17,776,666
98$38,854,421$1,505,421$0$19,480,164
99$42,732,239$1,493,853$0$21,355,243
100$47,002,906$1,479,031$0$23,419,401