Can I retire at age 55 with 819,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$67,632$67,030$66,442$65,868$65,308$64,094
2 years$33,481$32,858$32,253$31,667$31,099$29,881
3 years$22,099$21,473$20,870$20,290$19,731$18,546
4 years$16,409$15,785$15,188$14,618$14,072$12,930
5 years$12,996$12,376$11,787$11,228$10,697$9,601
6 years$10,721$10,106$9,525$8,979$8,464$7,415
7 years$9,097$8,487$7,916$7,382$6,884$5,882
8 years$7,880$7,275$6,713$6,193$5,711$4,756
9 years$6,933$6,334$5,782$5,275$4,809$3,901
10 years$6,177$5,583$5,041$4,547$4,098$3,235
11 years$5,558$4,970$4,438$3,957$3,524$2,706
12 years$5,043$4,461$3,938$3,471$3,054$2,279
13 years$4,607$4,031$3,519$3,064$2,663$1,931
14 years$4,234$3,664$3,162$2,720$2,335$1,643
15 years$3,911$3,348$2,855$2,426$2,055$1,403
16 years$3,628$3,071$2,588$2,172$1,817$1,203
17 years$3,380$2,829$2,355$1,952$1,611$1,033
18 years$3,159$2,614$2,150$1,759$1,432$890
19 years$2,961$2,422$1,968$1,589$1,277$768
20 years$2,784$2,251$1,806$1,439$1,140$664
21 years$2,623$2,097$1,661$1,306$1,020$575
22 years$2,477$1,957$1,531$1,188$915$498
23 years$2,345$1,831$1,414$1,082$821$432
24 years$2,223$1,715$1,308$987$738$375
25 years$2,112$1,610$1,211$901$664$326
26 years$2,009$1,513$1,123$824$598$283
27 years$1,914$1,424$1,043$754$539$246
28 years$1,825$1,341$970$691$487$215
29 years$1,743$1,266$902$634$439$187
30 years$1,667$1,195$840$581$397$163
31 years$1,596$1,130$783$534$359$142
32 years$1,529$1,069$731$491$325$124
33 years$1,467$1,012$683$451$294$108
34 years$1,408$960$638$415$266$94
35 years$1,353$910$596$382$241$82
36 years$1,301$864$558$352$218$72
37 years$1,252$820$522$324$198$62
38 years$1,205$780$489$299$179$54
39 years$1,161$741$458$276$163$48
40 years$1,120$705$429$254$148$41
41 years$1,080$671$403$235$134$36
42 years$1,043$639$378$216$121$32
43 years$1,007$609$354$200$110$28
44 years$973$581$333$185$100$24
45 years$941$554$312$170$91$21
46 years$910$528$293$157$82$18
47 years$880$504$276$145$75$16
48 years$852$481$259$134$68$14
49 years$825$460$243$124$62$12
50 years$800$439$229$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $819,000, adding $3,967 every year, while hoping to spend $21,616 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: 83/11/6 Blend
54$819,000$819,000$819,000$819,000
55$906,630$863,223$850,528$981,230
56$976,107$882,522$856,022$1,049,839
57$1,051,946$902,041$860,975$1,121,833
58$1,134,774$921,770$865,347$1,200,208
59$1,225,279$941,695$869,094$1,285,592
60$1,324,220$961,801$872,171$1,378,674
61$1,432,433$982,073$874,532$1,480,213
62$1,550,838$1,002,491$876,126$1,591,046
63$1,680,448$1,023,037$876,900$1,712,094
64$1,822,378$1,043,690$876,800$1,844,372
65$1,977,856$1,064,426$875,769$1,988,995
66$2,148,235$1,085,221$873,745$2,147,197
67$2,335,005$1,106,047$870,665$2,320,331
68$2,539,807$1,126,874$866,463$2,509,891
69$2,764,447$1,147,671$861,070$2,717,522
70$3,010,916$1,168,402$854,411$2,945,037
71$3,281,406$1,189,031$846,411$3,194,431
72$3,578,333$1,209,517$836,989$3,467,904
73$3,904,357$1,229,817$826,062$3,767,879
74$4,262,407$1,249,884$813,541$4,097,025
75$4,655,713$1,269,668$799,335$4,458,285
76$5,087,829$1,289,116$783,346$4,854,897
77$5,562,675$1,308,170$765,475$5,290,434
78$6,084,565$1,326,767$745,616$5,768,829
79$6,658,255$1,344,843$723,658$6,294,416
80$7,288,982$1,362,326$699,486$6,871,971
81$7,982,519$1,379,140$672,980$7,506,758
82$8,745,223$1,395,205$644,012$8,204,576
83$9,584,100$1,410,435$612,451$8,971,813
84$10,506,870$1,424,737$578,159$9,815,511
85$11,522,035$1,438,014$540,992$10,743,428
86$12,638,966$1,450,160$500,799$11,764,114
87$13,867,987$1,461,065$457,422$12,886,988
88$15,220,474$1,470,609$410,697$14,122,431
89$16,708,959$1,478,666$360,453$15,481,884
90$18,347,254$1,485,102$306,509$16,977,950
91$20,150,576$1,489,773$248,679$18,624,520
92$22,135,691$1,492,529$186,766$20,436,902
93$24,321,075$1,493,206$120,567$22,431,963
94$26,727,086$1,491,635$49,867$24,628,289
95$29,376,156$1,487,632$0$27,046,366
96$32,293,003$1,481,005$0$29,710,401
97$35,504,863$1,471,548$0$32,647,145
98$39,041,750$1,459,044$0$35,880,828
99$42,936,733$1,443,262$0$39,441,673
100$47,226,255$1,423,958$0$43,362,982