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%12.9%
1 years$67,054$66,457$65,874$65,305$64,750$63,967
2 years$33,195$32,577$31,978$31,397$30,833$30,046
3 years$21,910$21,289$20,692$20,116$19,562$18,794
4 years$16,269$15,650$15,058$14,493$13,952$13,209
5 years$12,885$12,270$11,686$11,132$10,606$9,891
6 years$10,630$10,019$9,444$8,902$8,392$7,705
7 years$9,020$8,414$7,848$7,319$6,825$6,167
8 years$7,812$7,212$6,656$6,140$5,662$5,033
9 years$6,874$6,280$5,733$5,230$4,768$4,167
10 years$6,124$5,535$4,998$4,508$4,063$3,490
11 years$5,510$4,928$4,400$3,923$3,494$2,948
12 years$5,000$4,423$3,905$3,441$3,028$2,509
13 years$4,568$3,997$3,489$3,038$2,640$2,148
14 years$4,198$3,633$3,135$2,697$2,315$1,847
15 years$3,877$3,319$2,830$2,405$2,038$1,596
16 years$3,597$3,045$2,566$2,154$1,801$1,383
17 years$3,351$2,804$2,335$1,935$1,597$1,202
18 years$3,132$2,591$2,131$1,744$1,420$1,047
19 years$2,936$2,402$1,951$1,576$1,266$914
20 years$2,760$2,232$1,791$1,427$1,131$800
21 years$2,601$2,079$1,647$1,295$1,012$700
22 years$2,456$1,940$1,518$1,178$907$614
23 years$2,325$1,815$1,402$1,072$814$540
24 years$2,204$1,700$1,296$978$732$474
25 years$2,093$1,596$1,201$893$658$417
26 years$1,991$1,500$1,114$817$593$368
27 years$1,897$1,411$1,034$748$535$324
28 years$1,810$1,330$961$685$482$286
29 years$1,729$1,255$895$628$436$252
30 years$1,653$1,185$833$576$394$222
31 years$1,582$1,120$777$529$356$196
32 years$1,516$1,060$725$487$322$174
33 years$1,454$1,004$677$447$291$153
34 years$1,396$951$632$412$264$136
35 years$1,341$902$591$379$239$120
36 years$1,290$856$553$349$216$106
37 years$1,241$813$518$322$196$94
38 years$1,195$773$485$296$178$83
39 years$1,151$735$454$273$161$73
40 years$1,110$699$426$252$146$65
41 years$1,071$666$399$233$133$57
42 years$1,034$634$374$215$120$51
43 years$998$604$351$198$109$45
44 years$965$576$330$183$99$40
45 years$933$549$310$169$90$35
46 years$902$524$291$156$82$31
47 years$873$500$273$144$74$28
48 years$845$477$257$133$67$24
49 years$818$456$241$123$61$22
50 years$793$435$227$114$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $812,000, adding $5,212 every year, while hoping to spend $42,485 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: 77/16/7 Blend
54$812,000$812,000$812,000$812,000
55$900,200$857,164$844,578$968,346
56$946,817$853,962$827,668$1,010,629
57$996,765$849,178$808,767$1,050,968
58$1,050,338$842,691$787,764$1,093,949
59$1,107,861$834,372$764,543$1,139,818
60$1,169,689$824,082$738,981$1,188,844
61$1,236,211$811,676$710,951$1,241,323
62$1,307,856$796,999$680,319$1,297,585
63$1,385,093$779,888$646,945$1,357,989
64$1,468,439$760,169$610,685$1,422,936
65$1,558,462$737,659$571,384$1,492,864
66$1,655,784$712,164$528,885$1,568,260
67$1,761,092$683,478$483,021$1,649,657
68$1,875,138$651,383$433,617$1,737,647
69$1,998,751$615,650$380,492$1,832,880
70$2,132,842$576,035$323,457$1,936,075
71$2,278,412$532,280$262,312$2,048,025
72$2,436,562$484,114$196,852$2,169,603
73$2,608,505$431,250$126,860$2,301,775
74$2,795,574$373,382$52,111$2,445,604
75$2,999,235$310,191$0$2,602,265
76$3,221,103$241,336$0$2,775,118
77$3,462,954$166,460$0$2,967,814
78$3,726,742$85,183$0$3,178,052
79$4,014,620$0$0$3,407,591
80$4,328,955$0$0$3,658,880
81$4,672,356$0$0$3,949,814
82$5,047,691$0$0$4,267,833
83$5,458,121$0$0$4,615,616
84$5,907,125$0$0$4,996,116
85$6,398,535$0$0$5,412,583
86$6,936,568$0$0$5,868,595
87$7,525,869$0$0$6,368,094
88$8,171,556$0$0$6,915,421
89$8,879,261$0$0$7,515,355
90$9,655,190$0$0$8,173,162
91$10,506,175$0$0$8,894,638
92$11,439,746$0$0$9,686,171
93$12,464,191$0$0$10,554,796
94$13,588,645$0$0$11,508,260
95$14,823,165$0$0$12,555,099
96$16,178,833$0$0$13,704,715
97$17,667,857$0$0$14,967,465
98$19,303,682$0$0$16,354,759
99$21,101,123$0$0$17,879,167
100$23,076,500$0$0$19,554,534