Can I retire at age 55 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$66,889$66,293$65,712$65,145$64,591$63,055
2 years$33,113$32,497$31,899$31,319$30,757$29,219
3 years$21,856$21,237$20,641$20,067$19,514$18,021
4 years$16,229$15,611$15,021$14,457$13,917$12,482
5 years$12,853$12,240$11,657$11,104$10,580$9,205
6 years$10,604$9,994$9,421$8,880$8,371$7,059
7 years$8,997$8,393$7,829$7,301$6,808$5,559
8 years$7,793$7,195$6,639$6,125$5,648$4,461
9 years$6,857$6,264$5,718$5,217$4,756$3,630
10 years$6,109$5,522$4,985$4,497$4,053$2,986
11 years$5,497$4,916$4,389$3,914$3,486$2,478
12 years$4,987$4,412$3,895$3,433$3,020$2,069
13 years$4,556$3,987$3,480$3,031$2,634$1,738
14 years$4,187$3,624$3,127$2,690$2,309$1,466
15 years$3,868$3,311$2,823$2,399$2,033$1,241
16 years$3,589$3,038$2,560$2,148$1,797$1,054
17 years$3,342$2,797$2,329$1,930$1,593$897
18 years$3,124$2,585$2,126$1,739$1,416$765
19 years$2,929$2,396$1,946$1,572$1,263$654
20 years$2,753$2,226$1,786$1,424$1,128$560
21 years$2,594$2,074$1,643$1,292$1,009$480
22 years$2,450$1,936$1,514$1,175$905$411
23 years$2,319$1,810$1,398$1,070$812$353
24 years$2,199$1,696$1,293$976$730$304
25 years$2,088$1,592$1,198$891$657$261
26 years$1,987$1,496$1,111$815$592$225
27 years$1,892$1,408$1,031$746$533$193
28 years$1,805$1,327$959$683$481$167
29 years$1,724$1,252$892$627$435$144
30 years$1,649$1,182$831$575$393$124
31 years$1,578$1,117$775$528$355$107
32 years$1,512$1,057$723$485$321$92
33 years$1,451$1,001$675$446$291$79
34 years$1,393$949$631$411$263$68
35 years$1,338$900$590$378$238$59
36 years$1,286$854$552$348$216$51
37 years$1,238$811$516$321$196$44
38 years$1,192$771$484$296$177$38
39 years$1,149$733$453$273$161$33
40 years$1,107$698$425$251$146$28
41 years$1,068$664$398$232$132$24
42 years$1,031$632$373$214$120$21
43 years$996$603$350$198$109$18
44 years$962$574$329$183$99$16
45 years$930$548$309$169$90$14
46 years$900$523$290$156$82$12
47 years$871$499$273$144$74$10
48 years$843$476$256$133$67$9
49 years$816$455$241$123$61$8
50 years$791$434$226$114$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $810,000, adding $3,241 every year, while hoping to spend $35,878 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: 62/27/11 Blend
54$810,000$810,000$810,000$810,000
55$895,963$853,033$840,478$949,044
56$949,177$856,658$830,460$988,618
57$1,006,617$859,258$818,904$1,027,382
58$1,068,675$860,745$805,721$1,068,804
59$1,135,784$861,025$790,816$1,113,143
60$1,208,418$859,999$774,093$1,160,684
61$1,287,100$857,562$755,448$1,211,741
62$1,372,402$853,601$734,774$1,266,664
63$1,464,958$847,998$711,959$1,325,837
64$1,565,459$840,626$686,886$1,389,685
65$1,674,671$831,351$659,431$1,458,679
66$1,793,433$820,033$629,468$1,533,337
67$1,922,669$806,520$596,861$1,614,233
68$2,063,396$790,654$561,470$1,702,001
69$2,216,732$772,266$523,149$1,797,342
70$2,383,908$751,177$481,744$1,901,028
71$2,566,281$727,198$437,096$2,013,914
72$2,765,340$700,130$389,038$2,136,943
73$2,982,729$669,761$337,395$2,271,157
74$3,220,254$635,865$281,984$2,417,707
75$3,479,905$598,208$222,616$2,577,865
76$3,763,873$556,538$159,091$2,753,032
77$4,074,569$510,590$91,202$2,944,760
78$4,414,651$460,084$18,732$3,154,759
79$4,787,041$404,724$0$3,384,917
80$5,194,961$344,197$0$3,644,198
81$5,641,958$278,174$0$3,930,820
82$6,131,938$206,304$0$4,245,150
83$6,669,202$128,220$0$4,590,024
84$7,258,490$43,531$0$4,968,570
85$7,905,018$0$0$5,384,234
86$8,614,537$0$0$5,855,136
87$9,393,378$0$0$6,386,306
88$10,248,516$0$0$6,969,574
89$11,187,634$0$0$7,610,189
90$12,219,195$0$0$8,313,933
91$13,352,524$0$0$9,087,175
92$14,597,892$0$0$9,936,933
93$15,966,615$0$0$10,870,936
94$17,471,159$0$0$11,897,701
95$19,125,260$0$0$13,026,611
96$20,944,048$0$0$14,268,003
97$22,944,195$0$0$15,633,266
98$25,144,068$0$0$17,134,949
99$27,563,904$0$0$18,786,877
100$30,226,001$0$0$20,604,282