Can I retire at age 55 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$67,302$66,702$66,118$65,547$64,989$63,860
2 years$33,318$32,697$32,096$31,513$30,947$29,813
3 years$21,991$21,368$20,768$20,191$19,634$18,531
4 years$16,329$15,708$15,114$14,546$14,003$12,939
5 years$12,933$12,315$11,729$11,173$10,645$9,623
6 years$10,669$10,056$9,479$8,935$8,423$7,444
7 years$9,053$8,445$7,877$7,346$6,850$5,915
8 years$7,841$7,239$6,680$6,162$5,683$4,791
9 years$6,899$6,303$5,754$5,249$4,786$3,936
10 years$6,146$5,556$5,016$4,525$4,078$3,270
11 years$5,531$4,946$4,416$3,938$3,507$2,741
12 years$5,018$4,439$3,919$3,454$3,039$2,313
13 years$4,584$4,012$3,502$3,049$2,650$1,963
14 years$4,213$3,647$3,146$2,707$2,323$1,674
15 years$3,892$3,331$2,841$2,414$2,045$1,433
16 years$3,611$3,056$2,575$2,162$1,808$1,231
17 years$3,363$2,815$2,344$1,942$1,603$1,060
18 years$3,143$2,601$2,139$1,750$1,425$915
19 years$2,947$2,411$1,958$1,581$1,270$791
20 years$2,770$2,240$1,797$1,432$1,135$685
21 years$2,610$2,086$1,653$1,300$1,015$594
22 years$2,465$1,948$1,524$1,182$910$516
23 years$2,333$1,822$1,407$1,076$817$449
24 years$2,212$1,707$1,301$982$734$391
25 years$2,101$1,602$1,205$897$661$340
26 years$1,999$1,505$1,118$820$595$297
27 years$1,904$1,417$1,038$750$537$259
28 years$1,816$1,335$965$688$484$226
29 years$1,735$1,259$898$630$437$197
30 years$1,659$1,189$836$579$395$172
31 years$1,588$1,124$780$531$357$150
32 years$1,522$1,064$727$488$323$131
33 years$1,460$1,007$679$449$292$115
34 years$1,401$955$635$413$265$100
35 years$1,346$906$593$380$240$88
36 years$1,294$860$555$350$217$77
37 years$1,246$816$520$323$197$67
38 years$1,199$776$487$298$179$59
39 years$1,156$738$456$274$162$51
40 years$1,114$702$427$253$147$45
41 years$1,075$668$401$233$133$39
42 years$1,038$636$376$215$121$34
43 years$1,002$606$353$199$110$30
44 years$968$578$331$184$100$26
45 years$936$551$311$170$90$23
46 years$905$526$292$157$82$20
47 years$876$502$274$145$75$18
48 years$848$479$258$134$68$15
49 years$821$457$242$124$61$14
50 years$796$437$228$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $815,000, adding $4,483 every year, while hoping to spend $34,046 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: 59/24/17 Blend
54$815,000$815,000$815,000$815,000
55$902,754$859,559$846,927$951,797
56$958,610$865,453$839,074$991,389
57$1,019,023$870,494$829,817$1,030,400
58$1,084,421$874,606$819,073$1,072,159
59$1,155,275$877,705$806,755$1,116,937
60$1,232,103$879,703$792,773$1,165,033
61$1,315,477$880,507$777,029$1,216,778
62$1,406,022$880,019$759,426$1,272,536
63$1,504,428$878,132$739,859$1,332,711
64$1,611,454$874,734$718,219$1,397,750
65$1,727,935$869,708$694,391$1,468,145
66$1,854,787$862,927$668,257$1,544,440
67$1,993,023$854,258$639,691$1,627,238
68$2,143,754$843,559$608,563$1,717,202
69$2,308,204$830,681$574,736$1,815,067
70$2,487,719$815,463$538,069$1,921,644
71$2,683,784$797,739$498,412$2,037,828
72$2,898,031$777,328$455,610$2,164,610
73$3,132,257$754,044$409,499$2,303,080
74$3,388,440$727,685$359,910$2,454,447
75$3,668,760$698,041$306,666$2,620,042
76$3,975,615$664,887$249,582$2,801,337
77$4,311,648$627,986$188,463$2,999,955
78$4,679,768$587,089$123,108$3,217,691
79$5,083,179$541,931$53,306$3,456,522
80$5,525,408$492,231$0$3,718,636
81$6,010,343$437,693$0$4,010,286
82$6,542,264$378,006$0$4,340,860
83$7,125,885$312,838$0$4,703,661
84$7,766,399$241,841$0$5,101,978
85$8,469,526$164,646$0$5,539,436
86$9,241,567$80,863$0$6,020,033
87$10,089,463$0$0$6,548,179
88$11,020,860$0$0$7,131,355
89$12,044,181$0$0$7,795,621
90$13,168,705$0$0$8,525,654
91$14,404,656$0$0$9,328,098
92$15,763,295$0$0$10,210,276
93$17,257,030$0$0$11,180,254
94$18,899,531$0$0$12,246,917
95$20,705,859$0$0$13,420,059
96$22,692,607$0$0$14,710,465
97$24,878,059$0$0$16,130,022
98$27,282,357$0$0$17,691,825
99$29,927,696$0$0$19,410,303
100$32,838,529$0$0$21,301,353