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%13.4%
1 years$66,889$66,293$65,712$65,145$64,591$63,678
2 years$33,113$32,497$31,899$31,319$30,757$29,840
3 years$21,856$21,237$20,641$20,067$19,514$18,620
4 years$16,229$15,611$15,021$14,457$13,917$13,053
5 years$12,853$12,240$11,657$11,104$10,580$9,749
6 years$10,604$9,994$9,421$8,880$8,371$7,574
7 years$8,997$8,393$7,829$7,301$6,808$6,045
8 years$7,793$7,195$6,639$6,125$5,648$4,919
9 years$6,857$6,264$5,718$5,217$4,756$4,061
10 years$6,109$5,522$4,985$4,497$4,053$3,391
11 years$5,497$4,916$4,389$3,914$3,486$2,856
12 years$4,987$4,412$3,895$3,433$3,020$2,423
13 years$4,556$3,987$3,480$3,031$2,634$2,067
14 years$4,187$3,624$3,127$2,690$2,309$1,772
15 years$3,868$3,311$2,823$2,399$2,033$1,525
16 years$3,589$3,038$2,560$2,148$1,797$1,317
17 years$3,342$2,797$2,329$1,930$1,593$1,141
18 years$3,124$2,585$2,126$1,739$1,416$990
19 years$2,929$2,396$1,946$1,572$1,263$861
20 years$2,753$2,226$1,786$1,424$1,128$751
21 years$2,594$2,074$1,643$1,292$1,009$655
22 years$2,450$1,936$1,514$1,175$905$573
23 years$2,319$1,810$1,398$1,070$812$501
24 years$2,199$1,696$1,293$976$730$439
25 years$2,088$1,592$1,198$891$657$385
26 years$1,987$1,496$1,111$815$592$337
27 years$1,892$1,408$1,031$746$533$296
28 years$1,805$1,327$959$683$481$260
29 years$1,724$1,252$892$627$435$228
30 years$1,649$1,182$831$575$393$201
31 years$1,578$1,117$775$528$355$177
32 years$1,512$1,057$723$485$321$155
33 years$1,451$1,001$675$446$291$137
34 years$1,393$949$631$411$263$120
35 years$1,338$900$590$378$238$106
36 years$1,286$854$552$348$216$93
37 years$1,238$811$516$321$196$82
38 years$1,192$771$484$296$177$72
39 years$1,149$733$453$273$161$64
40 years$1,107$698$425$251$146$56
41 years$1,068$664$398$232$132$49
42 years$1,031$632$373$214$120$44
43 years$996$603$350$198$109$38
44 years$962$574$329$183$99$34
45 years$930$548$309$169$90$30
46 years$900$523$290$156$82$26
47 years$871$499$273$144$74$23
48 years$843$476$256$133$67$20
49 years$816$455$241$123$61$18
50 years$791$434$226$114$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $810,000, adding $6,745 every year, while hoping to spend $37,933 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: 40/43/17 Blend
54$810,000$810,000$810,000$810,000
55$899,577$856,647$844,092$930,774
56$950,974$858,263$832,009$955,233
57$1,006,342$858,686$818,250$977,498
58$1,066,045$857,818$802,718$1,000,784
59$1,130,486$855,556$785,313$1,025,202
60$1,200,104$851,787$765,930$1,050,878
61$1,275,384$846,394$744,458$1,077,954
62$1,356,859$839,252$720,782$1,106,587
63$1,445,112$830,229$694,782$1,136,954
64$1,540,787$819,184$666,331$1,169,254
65$1,644,592$805,968$635,298$1,203,708
66$1,757,304$790,425$601,544$1,240,563
67$1,879,779$772,386$564,926$1,280,097
68$2,012,959$751,675$525,293$1,322,618
69$2,157,878$728,104$482,488$1,368,470
70$2,315,676$701,476$436,346$1,418,038
71$2,487,607$671,580$386,695$1,471,750
72$2,675,051$638,195$333,357$1,530,081
73$2,879,525$601,086$276,144$1,593,564
74$3,102,703$560,005$214,861$1,662,788
75$3,346,422$514,689$149,302$1,738,411
76$3,612,709$464,861$79,256$1,821,162
77$3,903,793$410,226$4,498$1,911,853
78$4,222,129$350,477$0$2,011,387
79$4,570,420$285,284$0$2,134,418
80$4,951,642$214,303$0$2,270,163
81$5,369,073$137,167$0$2,419,083
82$5,826,321$53,490$0$2,582,596
83$6,327,361$0$0$2,762,268
84$6,876,570$0$0$2,977,407
85$7,478,768$0$0$3,241,162
86$8,139,265$0$0$3,530,561
87$8,863,910$0$0$3,848,182
88$9,659,143$0$0$4,196,861
89$10,532,060$0$0$4,579,725
90$11,490,476$0$0$5,000,217
91$12,543,002$0$0$5,462,129
92$13,699,121$0$0$5,969,641
93$14,969,281$0$0$6,527,357
94$16,364,992$0$0$7,140,346
95$17,898,934$0$0$7,814,198
96$19,585,077$0$0$8,555,067
97$21,438,811$0$0$9,369,734
98$23,477,091$0$0$10,265,673
99$25,718,599$0$0$11,251,114
100$28,183,916$0$0$12,335,128