Can I retire at age 55 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,137$66,539$65,955$65,386$64,830$63,134
2 years$33,236$32,617$32,017$31,435$30,871$29,175
3 years$21,937$21,316$20,717$20,141$19,586$17,942
4 years$16,289$15,669$15,077$14,510$13,969$12,389
5 years$12,901$12,285$11,700$11,145$10,619$9,108
6 years$10,643$10,032$9,456$8,913$8,402$6,962
7 years$9,031$8,424$7,858$7,328$6,833$5,463
8 years$7,822$7,221$6,664$6,147$5,669$4,369
9 years$6,883$6,287$5,740$5,236$4,774$3,543
10 years$6,131$5,542$5,004$4,514$4,068$2,904
11 years$5,517$4,934$4,405$3,928$3,498$2,400
12 years$5,006$4,428$3,910$3,446$3,032$1,996
13 years$4,573$4,002$3,493$3,042$2,644$1,670
14 years$4,203$3,638$3,138$2,700$2,317$1,403
15 years$3,882$3,323$2,834$2,408$2,040$1,182
16 years$3,602$3,049$2,569$2,156$1,803$1,000
17 years$3,355$2,808$2,338$1,937$1,599$847
18 years$3,135$2,595$2,134$1,746$1,422$720
19 years$2,939$2,405$1,954$1,578$1,267$612
20 years$2,763$2,234$1,793$1,429$1,132$522
21 years$2,604$2,081$1,649$1,297$1,013$445
22 years$2,459$1,943$1,520$1,179$908$380
23 years$2,328$1,817$1,403$1,074$815$325
24 years$2,207$1,703$1,298$979$733$278
25 years$2,096$1,598$1,202$894$659$238
26 years$1,994$1,502$1,115$818$594$204
27 years$1,900$1,413$1,035$749$535$174
28 years$1,812$1,332$962$686$483$150
29 years$1,731$1,256$896$629$436$128
30 years$1,655$1,186$834$577$394$110
31 years$1,584$1,122$778$530$356$94
32 years$1,518$1,061$726$487$322$81
33 years$1,456$1,005$678$448$292$69
34 years$1,398$952$633$412$264$60
35 years$1,343$903$592$379$239$51
36 years$1,291$857$554$349$217$44
37 years$1,242$814$518$322$196$38
38 years$1,196$774$485$297$178$32
39 years$1,153$736$455$274$161$28
40 years$1,111$700$426$252$146$24
41 years$1,072$667$400$233$133$21
42 years$1,035$635$375$215$121$18
43 years$1,000$605$352$198$109$15
44 years$966$577$330$183$99$13
45 years$934$550$310$169$90$11
46 years$903$524$291$156$82$10
47 years$874$500$274$144$74$8
48 years$846$478$257$133$68$7
49 years$819$456$242$123$61$6
50 years$794$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $813,000, adding $5,134 every year, while hoping to spend $21,351 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: 57/14/29 Blend
54$813,000$813,000$813,000$813,000
55$901,222$858,133$845,531$945,142
56$970,429$877,464$851,139$995,226
57$1,045,980$897,027$856,219$1,047,132
58$1,128,499$916,810$860,732$1,103,278
59$1,218,673$936,801$864,634$1,164,083
60$1,317,260$956,987$867,881$1,230,005
61$1,425,093$977,351$870,427$1,301,554
62$1,543,089$997,878$872,223$1,379,287
63$1,672,258$1,018,548$873,217$1,463,822
64$1,813,714$1,039,343$873,355$1,555,837
65$1,968,681$1,060,239$872,581$1,656,084
66$2,138,509$1,081,213$870,835$1,765,387
67$2,324,683$1,102,239$868,054$1,884,658
68$2,528,841$1,123,289$864,174$2,014,901
69$2,752,785$1,144,331$859,126$2,157,224
70$2,998,500$1,165,334$852,837$2,312,847
71$3,268,173$1,186,262$845,234$2,483,116
72$3,564,213$1,207,075$836,235$2,669,516
73$3,889,274$1,227,733$825,761$2,873,682
74$4,246,279$1,248,191$813,722$3,097,418
75$4,638,447$1,268,401$800,030$3,342,713
76$5,069,327$1,288,311$784,590$3,611,758
77$5,542,826$1,307,866$767,301$3,906,971
78$6,063,250$1,327,006$748,061$4,231,017
79$6,635,341$1,345,669$726,760$4,586,833
80$7,264,325$1,363,786$703,286$4,977,657
81$7,955,958$1,381,284$677,519$5,407,059
82$8,716,585$1,398,086$649,334$5,878,975
83$9,553,193$1,414,108$618,603$6,397,744
84$10,473,481$1,429,262$585,189$6,968,149
85$11,485,934$1,443,454$548,951$7,595,461
86$12,599,898$1,456,581$509,739$8,285,493
87$13,825,671$1,468,538$467,399$9,044,653
88$15,174,602$1,479,209$421,770$9,880,001
89$16,659,194$1,488,472$372,681$10,799,324
90$18,293,222$1,496,198$319,956$11,811,204
91$20,091,867$1,502,248$263,411$12,925,099
92$22,071,855$1,506,476$202,853$14,151,438
93$24,251,616$1,508,725$138,081$15,501,714
94$26,651,459$1,508,830$68,884$16,988,595
95$29,293,760$1,506,615$0$18,626,048
96$32,203,177$1,501,893$0$20,430,999
97$35,406,881$1,494,465$0$22,441,725
98$38,934,810$1,484,121$0$24,655,666
99$42,819,955$1,470,638$0$27,093,508
100$47,098,670$1,453,779$0$29,778,053