Can I retire at age 55 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$67,054$66,457$65,874$65,305$64,750$64,261
2 years$33,195$32,577$31,978$31,397$30,833$30,341
3 years$21,910$21,289$20,692$20,116$19,562$19,080
4 years$16,269$15,650$15,058$14,493$13,952$13,485
5 years$12,885$12,270$11,686$11,132$10,606$10,156
6 years$10,630$10,019$9,444$8,902$8,392$7,959
7 years$9,020$8,414$7,848$7,319$6,825$6,409
8 years$7,812$7,212$6,656$6,140$5,662$5,263
9 years$6,874$6,280$5,733$5,230$4,768$4,386
10 years$6,124$5,535$4,998$4,508$4,063$3,697
11 years$5,510$4,928$4,400$3,923$3,494$3,145
12 years$5,000$4,423$3,905$3,441$3,028$2,695
13 years$4,568$3,997$3,489$3,038$2,640$2,324
14 years$4,198$3,633$3,135$2,697$2,315$2,013
15 years$3,877$3,319$2,830$2,405$2,038$1,752
16 years$3,597$3,045$2,566$2,154$1,801$1,530
17 years$3,351$2,804$2,335$1,935$1,597$1,340
18 years$3,132$2,591$2,131$1,744$1,420$1,176
19 years$2,936$2,402$1,951$1,576$1,266$1,035
20 years$2,760$2,232$1,791$1,427$1,131$913
21 years$2,601$2,079$1,647$1,295$1,012$806
22 years$2,456$1,940$1,518$1,178$907$713
23 years$2,325$1,815$1,402$1,072$814$632
24 years$2,204$1,700$1,296$978$732$560
25 years$2,093$1,596$1,201$893$658$497
26 years$1,991$1,500$1,114$817$593$441
27 years$1,897$1,411$1,034$748$535$392
28 years$1,810$1,330$961$685$482$349
29 years$1,729$1,255$895$628$436$311
30 years$1,653$1,185$833$576$394$277
31 years$1,582$1,120$777$529$356$247
32 years$1,516$1,060$725$487$322$220
33 years$1,454$1,004$677$447$291$196
34 years$1,396$951$632$412$264$175
35 years$1,341$902$591$379$239$156
36 years$1,290$856$553$349$216$139
37 years$1,241$813$518$322$196$124
38 years$1,195$773$485$296$178$111
39 years$1,151$735$454$273$161$99
40 years$1,110$699$426$252$146$89
41 years$1,071$666$399$233$133$79
42 years$1,034$634$374$215$120$71
43 years$998$604$351$198$109$63
44 years$965$576$330$183$99$56
45 years$933$549$310$169$90$50
46 years$902$524$291$156$82$45
47 years$873$500$273$144$74$40
48 years$845$477$257$133$67$36
49 years$818$456$241$123$61$32
50 years$793$435$227$114$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $812,000, adding $5,766 every year, while hoping to spend $26,042 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: 60/32/8 Blend
54$812,000$812,000$812,000$812,000
55$900,772$857,736$845,150$952,919
56$964,942$872,056$845,754$1,002,883
57$1,034,785$886,206$845,505$1,053,861
58$1,110,851$900,148$844,348$1,108,813
59$1,193,748$913,845$842,223$1,168,120
60$1,284,142$927,255$839,070$1,232,205
61$1,382,768$940,334$834,822$1,301,535
62$1,490,435$953,035$829,413$1,376,621
63$1,608,032$965,307$822,772$1,458,031
64$1,736,540$977,096$814,823$1,546,387
65$1,877,037$988,344$805,490$1,642,376
66$2,030,711$998,989$794,690$1,746,758
67$2,198,870$1,008,965$782,338$1,860,367
68$2,382,953$1,018,203$768,345$1,984,124
69$2,584,546$1,026,627$752,616$2,119,045
70$2,805,395$1,034,157$735,055$2,266,251
71$3,047,424$1,040,710$715,558$2,426,975
72$3,312,750$1,046,193$694,017$2,602,579
73$3,603,705$1,050,511$670,322$2,794,563
74$3,922,860$1,053,563$644,354$3,004,582
75$4,273,042$1,055,238$615,990$3,234,462
76$4,657,370$1,055,422$585,104$3,486,213
77$5,079,276$1,053,992$551,559$3,762,053
78$5,542,543$1,050,818$515,217$4,064,427
79$6,051,336$1,045,762$475,930$4,396,033
80$6,610,244$1,038,677$433,546$4,759,843
81$7,224,324$1,029,407$387,905$5,159,133
82$7,899,145$1,017,788$338,839$5,597,518
83$8,640,843$1,003,644$286,176$6,078,983
84$9,456,177$986,791$229,731$6,607,918
85$10,352,596$967,032$169,315$7,189,168
86$11,338,303$944,160$104,730$7,828,071
87$12,422,340$917,954$35,769$8,530,513
88$13,614,666$888,181$0$9,302,985
89$14,926,254$854,594$0$10,155,869
90$16,369,196$816,932$0$11,097,292
91$17,956,812$774,920$0$12,132,913
92$19,703,780$728,265$0$13,272,339
93$21,626,274$676,658$0$14,526,161
94$23,742,112$619,772$0$15,906,049
95$26,070,930$557,263$0$17,424,871
96$28,634,361$488,765$0$19,096,809
97$31,456,244$413,894$0$20,937,496
98$34,562,847$332,240$0$22,964,163
99$37,983,112$243,374$0$25,195,801
100$41,748,932$146,842$0$27,653,347