Can I retire at age 55 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$67,467$66,866$66,280$65,708$65,149$63,063
2 years$33,400$32,778$32,175$31,590$31,023$28,941
3 years$22,045$21,420$20,819$20,240$19,682$17,670
4 years$16,369$15,746$15,151$14,582$14,038$12,109
5 years$12,964$12,345$11,758$11,200$10,671$8,832
6 years$10,695$10,081$9,502$8,957$8,444$6,696
7 years$9,075$8,466$7,896$7,364$6,867$5,210
8 years$7,861$7,257$6,697$6,177$5,697$4,130
9 years$6,916$6,318$5,768$5,262$4,798$3,318
10 years$6,162$5,569$5,029$4,536$4,088$2,694
11 years$5,544$4,958$4,427$3,947$3,516$2,205
12 years$5,030$4,450$3,929$3,462$3,047$1,817
13 years$4,596$4,022$3,510$3,057$2,657$1,504
14 years$4,224$3,656$3,154$2,714$2,329$1,250
15 years$3,901$3,339$2,848$2,420$2,050$1,043
16 years$3,620$3,064$2,582$2,167$1,812$872
17 years$3,371$2,822$2,349$1,947$1,607$731
18 years$3,151$2,607$2,145$1,755$1,429$614
19 years$2,954$2,416$1,963$1,585$1,273$517
20 years$2,777$2,245$1,802$1,436$1,137$435
21 years$2,617$2,092$1,657$1,303$1,018$367
22 years$2,471$1,952$1,527$1,185$912$310
23 years$2,339$1,826$1,410$1,079$819$262
24 years$2,218$1,711$1,304$984$736$221
25 years$2,106$1,606$1,208$899$662$187
26 years$2,004$1,509$1,120$822$597$158
27 years$1,909$1,420$1,040$752$538$134
28 years$1,821$1,338$967$689$485$113
29 years$1,739$1,262$900$632$438$96
30 years$1,663$1,192$838$580$396$81
31 years$1,592$1,127$782$533$358$69
32 years$1,525$1,066$729$490$324$58
33 years$1,463$1,010$681$450$293$49
34 years$1,405$957$636$414$265$42
35 years$1,349$908$595$381$240$36
36 years$1,298$862$556$351$218$30
37 years$1,249$818$521$324$197$26
38 years$1,202$778$488$298$179$22
39 years$1,158$740$457$275$162$18
40 years$1,117$704$428$254$147$16
41 years$1,078$670$402$234$134$13
42 years$1,040$638$377$216$121$11
43 years$1,005$608$353$199$110$10
44 years$971$579$332$184$100$8
45 years$938$552$312$170$91$7
46 years$908$527$293$157$82$6
47 years$878$503$275$145$75$5
48 years$850$480$258$134$68$4
49 years$823$459$243$124$62$4
50 years$798$438$228$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $817,000, adding $6,413 every year, while hoping to spend $58,772 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: 59/29/12 Blend
54$817,000$817,000$817,000$817,000
55$906,949$863,648$850,985$957,431
56$936,925$843,434$816,960$971,973
57$967,988$820,259$779,825$980,669
58$1,000,189$793,917$739,415$988,739
59$1,033,578$764,189$695,554$996,129
60$1,068,210$730,842$648,063$1,002,782
61$1,104,145$693,631$596,751$1,008,637
62$1,141,446$652,296$541,420$1,013,633
63$1,180,178$606,564$481,862$1,017,704
64$1,220,414$556,143$417,862$1,020,780
65$1,262,229$500,727$349,194$1,022,791
66$1,305,705$439,992$275,621$1,023,662
67$1,350,930$373,594$196,897$1,023,315
68$1,397,998$301,173$112,765$1,021,669
69$1,447,008$222,345$22,957$1,018,640
70$1,498,069$136,706$0$1,014,142
71$1,551,298$43,830$0$1,017,415
72$1,606,819$0$0$1,022,778
73$1,664,768$0$0$1,045,337
74$1,725,291$0$0$1,083,520
75$1,788,545$0$0$1,123,442
76$1,854,699$0$0$1,165,213
77$1,923,939$0$0$1,208,949
78$1,996,463$0$0$1,254,782
79$2,072,488$0$0$1,302,848
80$2,152,247$0$0$1,353,299
81$2,235,995$0$0$1,406,300
82$2,324,008$0$0$1,462,028
83$2,416,586$0$0$1,520,677
84$2,514,057$0$0$1,582,459
85$2,616,776$0$0$1,647,603
86$2,725,130$0$0$1,716,358
87$2,839,541$0$0$1,788,999
88$2,960,471$0$0$1,865,823
89$3,088,421$0$0$1,947,155
90$3,223,941$0$0$2,033,349
91$3,367,629$0$0$2,124,795
92$3,520,141$0$0$2,221,915
93$3,682,194$0$0$2,325,173
94$3,854,570$0$0$2,435,078
95$4,038,128$0$0$2,552,184
96$4,233,805$0$0$2,677,101
97$4,442,632$0$0$2,810,493
98$4,665,733$0$0$2,953,091
99$4,904,344$0$0$3,105,696
100$5,159,819$0$0$3,269,186