Can I retire at age 55 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$67,550$66,948$66,361$65,788$65,228$64,413
2 years$33,440$32,818$32,214$31,629$31,061$30,241
3 years$22,072$21,447$20,845$20,265$19,706$18,907
4 years$16,389$15,766$15,170$14,600$14,055$13,282
5 years$12,980$12,360$11,772$11,214$10,684$9,940
6 years$10,708$10,093$9,514$8,968$8,454$7,739
7 years$9,086$8,476$7,906$7,373$6,875$6,191
8 years$7,870$7,266$6,705$6,185$5,704$5,049
9 years$6,925$6,326$5,775$5,268$4,803$4,178
10 years$6,169$5,576$5,035$4,541$4,093$3,497
11 years$5,551$4,964$4,432$3,952$3,520$2,953
12 years$5,036$4,456$3,934$3,467$3,050$2,511
13 years$4,601$4,027$3,514$3,061$2,660$2,148
14 years$4,229$3,660$3,158$2,717$2,332$1,847
15 years$3,906$3,343$2,851$2,423$2,053$1,594
16 years$3,624$3,068$2,585$2,169$1,814$1,380
17 years$3,375$2,825$2,352$1,949$1,609$1,199
18 years$3,155$2,611$2,147$1,757$1,430$1,044
19 years$2,957$2,419$1,966$1,587$1,275$910
20 years$2,780$2,248$1,804$1,438$1,139$796
21 years$2,620$2,094$1,659$1,305$1,019$697
22 years$2,474$1,955$1,529$1,186$914$611
23 years$2,342$1,828$1,412$1,080$820$536
24 years$2,220$1,713$1,306$985$737$471
25 years$2,109$1,608$1,210$900$663$414
26 years$2,006$1,511$1,122$823$597$364
27 years$1,911$1,422$1,042$753$539$321
28 years$1,823$1,340$968$690$486$283
29 years$1,741$1,264$901$633$439$249
30 years$1,665$1,194$839$581$397$220
31 years$1,594$1,128$783$533$359$194
32 years$1,527$1,068$730$490$324$171
33 years$1,465$1,011$682$451$293$151
34 years$1,406$958$637$415$266$133
35 years$1,351$909$596$382$241$118
36 years$1,299$863$557$352$218$104
37 years$1,250$819$521$324$198$92
38 years$1,204$779$488$299$179$81
39 years$1,160$741$457$275$162$72
40 years$1,118$705$429$254$147$64
41 years$1,079$671$402$234$134$56
42 years$1,041$639$377$216$121$50
43 years$1,006$609$354$200$110$44
44 years$972$580$332$184$100$39
45 years$940$553$312$170$91$34
46 years$909$528$293$157$82$30
47 years$879$504$275$145$75$27
48 years$851$481$259$134$68$24
49 years$824$459$243$124$62$21
50 years$799$439$229$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $818,000, adding $5,513 every year, while hoping to spend $37,821 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: 68/21/11 Blend
54$818,000$818,000$818,000$818,000
55$907,123$863,769$851,090$966,323
56$959,408$865,852$839,360$1,008,457
57$1,015,759$866,770$825,970$1,049,469
58$1,076,550$866,425$810,823$1,093,335
59$1,142,193$864,715$793,821$1,140,328
60$1,213,140$861,530$774,857$1,190,751
61$1,289,889$856,753$753,824$1,244,940
62$1,372,986$850,263$730,605$1,303,264
63$1,463,032$841,927$705,082$1,366,130
64$1,560,688$831,608$677,129$1,433,990
65$1,666,681$819,159$646,615$1,507,340
66$1,781,808$804,424$613,403$1,586,730
67$1,906,951$787,239$577,350$1,672,766
68$2,043,074$767,429$538,306$1,766,118
69$2,191,244$744,808$496,115$1,867,524
70$2,352,629$719,183$450,613$1,977,800
71$2,528,519$690,345$401,631$2,097,847
72$2,720,332$658,075$348,989$2,228,658
73$2,929,627$622,142$292,501$2,371,331
74$3,158,122$582,300$231,974$2,527,078
75$3,407,709$538,292$167,203$2,697,235
76$3,680,469$489,841$97,978$2,883,278
77$3,978,693$436,660$24,077$3,086,835
78$4,304,905$378,441$0$3,309,703
79$4,661,883$314,862$0$3,560,297
80$5,052,685$245,581$0$3,837,808
81$5,480,681$170,236$0$4,141,852
82$5,949,580$88,447$0$4,475,126
83$6,463,467$0$0$4,840,601
84$7,026,843$0$0$5,241,599
85$7,644,662$0$0$5,703,811
86$8,322,383$0$0$6,210,887
87$9,066,017$0$0$6,767,331
88$9,882,186$0$0$7,378,105
89$10,778,185$0$0$8,048,673
90$11,762,049$0$0$8,785,057
91$12,842,628$0$0$9,593,888
92$14,029,672$0$0$10,482,471
93$15,333,924$0$0$11,458,854
94$16,767,216$0$0$12,531,905
95$18,342,585$0$0$13,711,391
96$20,074,392$0$0$15,008,073
97$21,978,460$0$0$16,433,807
98$24,072,223$0$0$18,001,657
99$26,374,887$0$0$19,726,012
100$28,907,612$0$0$21,622,729