Can I retire at age 55 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$66,972$66,375$65,793$65,225$64,670$62,500
2 years$33,154$32,537$31,938$31,358$30,795$28,630
3 years$21,883$21,263$20,666$20,091$19,538$17,446
4 years$16,249$15,631$15,040$14,475$13,935$11,932
5 years$12,869$12,255$11,671$11,118$10,593$8,685
6 years$10,617$10,007$9,432$8,891$8,382$6,570
7 years$9,008$8,404$7,838$7,310$6,817$5,100
8 years$7,803$7,204$6,647$6,132$5,655$4,033
9 years$6,866$6,272$5,725$5,223$4,762$3,233
10 years$6,116$5,528$4,992$4,502$4,058$2,618
11 years$5,504$4,922$4,395$3,918$3,490$2,138
12 years$4,993$4,417$3,900$3,437$3,024$1,756
13 years$4,562$3,992$3,484$3,034$2,637$1,450
14 years$4,193$3,629$3,131$2,694$2,312$1,202
15 years$3,873$3,315$2,827$2,402$2,035$1,000
16 years$3,593$3,041$2,563$2,151$1,799$834
17 years$3,347$2,801$2,332$1,933$1,595$697
18 years$3,128$2,588$2,129$1,742$1,418$584
19 years$2,932$2,399$1,949$1,574$1,264$490
20 years$2,756$2,229$1,789$1,425$1,129$411
21 years$2,597$2,076$1,645$1,294$1,010$346
22 years$2,453$1,938$1,516$1,176$906$291
23 years$2,322$1,813$1,400$1,071$813$245
24 years$2,201$1,698$1,295$977$731$206
25 years$2,091$1,594$1,199$892$658$174
26 years$1,989$1,498$1,112$816$592$147
27 years$1,895$1,410$1,033$747$534$124
28 years$1,808$1,328$960$684$482$104
29 years$1,726$1,253$893$627$435$88
30 years$1,651$1,183$832$576$393$74
31 years$1,580$1,119$776$529$355$63
32 years$1,514$1,059$724$486$322$53
33 years$1,452$1,003$676$447$291$45
34 years$1,394$950$632$411$263$38
35 years$1,340$901$590$379$239$32
36 years$1,288$855$552$349$216$27
37 years$1,239$812$517$321$196$23
38 years$1,193$772$484$296$178$19
39 years$1,150$734$454$273$161$16
40 years$1,109$698$425$252$146$14
41 years$1,070$665$399$232$133$12
42 years$1,033$633$374$214$120$10
43 years$997$603$351$198$109$8
44 years$964$575$329$183$99$7
45 years$932$548$309$169$90$6
46 years$901$523$290$156$82$5
47 years$872$499$273$144$74$4
48 years$844$477$256$133$67$4
49 years$817$455$241$123$61$3
50 years$792$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $811,000, adding $2,623 every year, while hoping to spend $25,658 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: 28/43/29 Blend
54$811,000$811,000$811,000$811,000
55$896,428$853,445$840,874$913,427
56$960,563$867,963$841,743$941,807
57$1,030,381$882,334$841,782$969,895
58$1,106,433$896,521$840,935$999,559
59$1,189,327$910,489$839,144$1,030,955
60$1,279,733$924,197$836,350$1,064,253
61$1,378,386$937,604$832,488$1,099,641
62$1,486,098$950,663$827,493$1,137,330
63$1,603,761$963,326$821,295$1,177,552
64$1,732,357$975,541$813,821$1,220,564
65$1,872,968$987,253$804,994$1,266,654
66$2,026,784$998,402$794,735$1,316,137
67$2,195,117$1,008,924$782,959$1,369,364
68$2,379,410$1,018,753$769,580$1,426,725
69$2,581,253$1,027,815$754,504$1,488,649
70$2,802,397$1,036,035$737,636$1,555,614
71$3,044,771$1,043,329$718,876$1,628,147
72$3,310,497$1,049,612$698,118$1,706,833
73$3,601,915$1,054,790$675,252$1,792,319
74$3,921,601$1,058,765$650,163$1,885,321
75$4,272,391$1,061,432$622,731$1,986,632
76$4,657,412$1,062,680$592,830$2,097,127
77$5,080,106$1,062,389$560,328$2,217,776
78$5,544,266$1,060,435$525,088$2,349,651
79$6,054,069$1,056,683$486,965$2,493,939
80$6,614,116$1,050,993$445,811$2,651,950
81$7,229,478$1,043,214$401,468$2,825,134
82$7,905,740$1,033,187$353,772$3,015,094
83$8,649,054$1,020,742$302,552$3,223,601
84$9,466,200$1,005,700$247,630$3,452,611
85$10,364,645$987,872$188,818$3,704,289
86$11,352,618$967,057$125,923$3,981,023
87$12,439,183$943,041$58,740$4,285,454
88$13,634,329$915,600$0$4,620,500
89$14,949,060$884,493$0$4,993,389
90$16,395,500$849,470$0$5,423,330
91$17,987,009$810,262$0$5,896,127
92$19,738,306$766,586$0$6,416,194
93$21,665,608$718,144$0$6,988,400
94$23,786,786$664,619$0$7,618,116
95$26,121,530$605,677$0$8,311,266
96$28,691,535$540,964$0$9,074,384
97$31,520,707$470,107$0$9,914,677
98$34,635,388$392,711$0$10,840,095
99$38,064,603$308,359$0$11,859,404
100$41,840,334$216,610$0$12,982,274