Can I retire at age 55 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$67,385$66,784$66,199$65,627$65,069$64,203
2 years$33,359$32,737$32,135$31,551$30,985$30,114
3 years$22,018$21,394$20,794$20,215$19,658$18,809
4 years$16,349$15,727$15,132$14,564$14,020$13,200
5 years$12,949$12,330$11,743$11,187$10,658$9,868
6 years$10,682$10,069$9,490$8,946$8,433$7,675
7 years$9,064$8,456$7,887$7,355$6,859$6,133
8 years$7,851$7,248$6,688$6,170$5,690$4,996
9 years$6,908$6,311$5,761$5,255$4,792$4,130
10 years$6,154$5,563$5,022$4,530$4,083$3,452
11 years$5,538$4,952$4,422$3,943$3,511$2,911
12 years$5,024$4,445$3,924$3,458$3,043$2,473
13 years$4,590$4,017$3,506$3,053$2,653$2,112
14 years$4,218$3,651$3,150$2,710$2,326$1,813
15 years$3,897$3,335$2,844$2,417$2,048$1,563
16 years$3,615$3,060$2,579$2,164$1,810$1,352
17 years$3,367$2,818$2,346$1,944$1,605$1,172
18 years$3,147$2,604$2,142$1,752$1,427$1,019
19 years$2,950$2,413$1,961$1,583$1,272$888
20 years$2,773$2,243$1,800$1,434$1,136$775
21 years$2,613$2,089$1,655$1,302$1,017$677
22 years$2,468$1,950$1,526$1,183$911$593
23 years$2,336$1,824$1,409$1,078$818$519
24 years$2,215$1,709$1,303$983$735$456
25 years$2,104$1,604$1,207$898$662$400
26 years$2,001$1,507$1,119$821$596$351
27 years$1,907$1,418$1,039$751$537$309
28 years$1,819$1,337$966$688$485$272
29 years$1,737$1,261$899$631$438$239
30 years$1,661$1,191$837$579$396$211
31 years$1,590$1,126$781$532$358$185
32 years$1,524$1,065$728$489$324$163
33 years$1,461$1,009$680$450$293$144
34 years$1,403$956$635$414$265$127
35 years$1,348$907$594$381$240$112
36 years$1,296$861$556$351$218$99
37 years$1,247$817$520$323$197$87
38 years$1,201$777$487$298$179$77
39 years$1,157$739$456$275$162$68
40 years$1,116$703$428$253$147$60
41 years$1,076$669$401$234$133$53
42 years$1,039$637$376$216$121$47
43 years$1,003$607$353$199$110$41
44 years$970$579$331$184$100$36
45 years$937$552$311$170$91$32
46 years$907$526$292$157$82$28
47 years$877$502$275$145$75$25
48 years$849$480$258$134$68$22
49 years$822$458$243$124$62$20
50 years$797$437$228$114$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $816,000, adding $5,317 every year, while hoping to spend $25,996 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: 27/47/26 Blend
54$816,000$816,000$816,000$816,000
55$904,716$861,468$848,820$921,681
56$969,338$876,021$849,596$950,256
57$1,039,680$890,415$849,527$978,315
58$1,116,297$904,616$848,557$1,007,906
59$1,199,803$918,586$846,627$1,039,176
60$1,290,870$932,283$843,676$1,072,290
61$1,390,240$945,666$839,640$1,107,428
62$1,498,728$958,687$834,451$1,144,793
63$1,617,232$971,297$828,039$1,184,609
64$1,746,741$983,442$820,330$1,227,124
65$1,888,344$995,065$811,246$1,272,612
66$2,043,238$1,006,106$800,706$1,321,379
67$2,212,743$1,016,501$788,624$1,373,762
68$2,398,312$1,026,178$774,913$1,430,136
69$2,601,545$1,035,066$759,477$1,490,916
70$2,824,204$1,043,086$742,221$1,556,560
71$3,068,229$1,050,154$723,042$1,627,578
72$3,335,757$1,056,180$701,833$1,704,532
73$3,629,142$1,061,071$678,482$1,788,048
74$3,950,977$1,064,725$652,873$1,878,814
75$4,304,115$1,067,036$624,883$1,977,595
76$4,691,704$1,067,889$594,385$2,085,237
77$5,117,206$1,067,164$561,246$2,202,674
78$5,584,438$1,064,732$525,325$2,330,942
79$6,097,604$1,060,457$486,476$2,471,186
80$6,661,335$1,054,195$444,549$2,624,670
81$7,280,733$1,045,792$399,382$2,792,794
82$7,961,417$1,035,085$350,811$2,977,107
83$8,709,579$1,021,902$298,661$3,179,318
84$9,532,042$1,006,061$242,752$3,401,319
85$10,436,319$987,366$182,893$3,645,199
86$11,430,690$965,614$118,887$3,913,268
87$12,524,279$940,587$50,527$4,208,077
88$13,727,134$912,055$0$4,532,446
89$15,050,330$879,775$0$4,895,710
90$16,506,068$843,488$0$5,310,452
91$18,107,790$802,921$0$5,766,504
92$19,870,308$757,788$0$6,268,131
93$21,809,941$707,782$0$6,820,038
94$23,944,673$652,580$0$7,427,415
95$26,294,315$591,843$0$8,095,990
96$28,880,701$525,209$0$8,832,079
97$31,727,886$452,297$0$9,642,651
98$34,862,376$372,705$0$10,535,396
99$38,313,378$286,008$0$11,518,791
100$42,113,077$191,757$0$12,602,193