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%18.5%
1 years$67,054$66,457$65,874$65,305$64,750$62,527
2 years$33,195$32,577$31,978$31,397$30,833$28,617
3 years$21,910$21,289$20,692$20,116$19,562$17,421
4 years$16,269$15,650$15,058$14,493$13,952$11,903
5 years$12,885$12,270$11,686$11,132$10,606$8,654
6 years$10,630$10,019$9,444$8,902$8,392$6,539
7 years$9,020$8,414$7,848$7,319$6,825$5,071
8 years$7,812$7,212$6,656$6,140$5,662$4,005
9 years$6,874$6,280$5,733$5,230$4,768$3,207
10 years$6,124$5,535$4,998$4,508$4,063$2,594
11 years$5,510$4,928$4,400$3,923$3,494$2,115
12 years$5,000$4,423$3,905$3,441$3,028$1,735
13 years$4,568$3,997$3,489$3,038$2,640$1,431
14 years$4,198$3,633$3,135$2,697$2,315$1,184
15 years$3,877$3,319$2,830$2,405$2,038$984
16 years$3,597$3,045$2,566$2,154$1,801$819
17 years$3,351$2,804$2,335$1,935$1,597$684
18 years$3,132$2,591$2,131$1,744$1,420$572
19 years$2,936$2,402$1,951$1,576$1,266$479
20 years$2,760$2,232$1,791$1,427$1,131$402
21 years$2,601$2,079$1,647$1,295$1,012$337
22 years$2,456$1,940$1,518$1,178$907$283
23 years$2,325$1,815$1,402$1,072$814$238
24 years$2,204$1,700$1,296$978$732$200
25 years$2,093$1,596$1,201$893$658$168
26 years$1,991$1,500$1,114$817$593$142
27 years$1,897$1,411$1,034$748$535$119
28 years$1,810$1,330$961$685$482$101
29 years$1,729$1,255$895$628$436$85
30 years$1,653$1,185$833$576$394$72
31 years$1,582$1,120$777$529$356$60
32 years$1,516$1,060$725$487$322$51
33 years$1,454$1,004$677$447$291$43
34 years$1,396$951$632$412$264$36
35 years$1,341$902$591$379$239$30
36 years$1,290$856$553$349$216$26
37 years$1,241$813$518$322$196$22
38 years$1,195$773$485$296$178$18
39 years$1,151$735$454$273$161$15
40 years$1,110$699$426$252$146$13
41 years$1,071$666$399$233$133$11
42 years$1,034$634$374$215$120$9
43 years$998$604$351$198$109$8
44 years$965$576$330$183$99$7
45 years$933$549$310$169$90$6
46 years$902$524$291$156$82$5
47 years$873$500$273$144$74$4
48 years$845$477$257$133$67$3
49 years$818$456$241$123$61$3
50 years$793$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $812,000, adding $3,535 every year, while hoping to spend $51,217 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: 39/42/19 Blend
54$812,000$812,000$812,000$812,000
55$898,470$855,434$842,848$928,294
56$935,620$842,856$816,589$937,442
57$974,842$827,945$787,734$942,178
58$1,016,294$810,533$756,141$946,236
59$1,060,148$790,441$721,664$949,583
60$1,106,591$767,480$684,148$952,186
61$1,155,828$741,451$643,431$954,014
62$1,208,082$712,142$599,346$955,036
63$1,263,599$679,330$551,717$955,224
64$1,322,646$642,777$500,359$954,554
65$1,385,516$602,232$445,081$953,004
66$1,452,529$557,432$385,681$950,554
67$1,524,036$508,096$321,951$947,192
68$1,600,423$453,928$253,672$942,909
69$1,682,111$394,615$180,614$937,705
70$1,769,562$329,827$102,540$931,586
71$1,863,283$259,214$19,201$924,567
72$1,963,830$182,408$0$916,673
73$2,071,813$99,018$0$922,080
74$2,187,903$8,635$0$931,775
75$2,312,834$0$0$941,985
76$2,447,413$0$0$994,069
77$2,592,527$0$0$1,054,616
78$2,749,151$0$0$1,120,052
79$2,918,354$0$0$1,190,836
80$3,101,313$0$0$1,267,470
81$3,299,320$0$0$1,350,509
82$3,513,796$0$0$1,440,562
83$3,746,304$0$0$1,538,297
84$3,998,563$0$0$1,644,451
85$4,272,461$0$0$1,759,834
86$4,570,077$0$0$1,885,337
87$4,893,697$0$0$2,021,941
88$5,245,837$0$0$2,170,724
89$5,629,264$0$0$2,332,872
90$6,047,024$0$0$2,509,693
91$6,502,468$0$0$2,702,624
92$6,999,284$0$0$2,913,248
93$7,541,533$0$0$3,143,306
94$8,133,684$0$0$3,394,717
95$8,780,656$0$0$3,669,592
96$9,487,865$0$0$3,970,255
97$10,261,274$0$0$4,299,267
98$11,107,449$0$0$4,659,445
99$12,033,619$0$0$5,053,893
100$13,047,744$0$0$5,486,029