Can I retire at age 55 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$67,715$67,112$66,523$65,949$65,388$64,199
2 years$33,522$32,898$32,293$31,706$31,137$29,944
3 years$22,126$21,499$20,896$20,314$19,755$18,594
4 years$16,429$15,804$15,207$14,635$14,089$12,970
5 years$13,012$12,391$11,801$11,241$10,710$9,636
6 years$10,735$10,118$9,537$8,990$8,475$7,446
7 years$9,108$8,497$7,925$7,391$6,892$5,909
8 years$7,889$7,283$6,721$6,200$5,718$4,781
9 years$6,942$6,342$5,789$5,281$4,815$3,924
10 years$6,184$5,590$5,047$4,552$4,103$3,256
11 years$5,565$4,976$4,443$3,962$3,529$2,725
12 years$5,049$4,466$3,943$3,475$3,058$2,297
13 years$4,613$4,036$3,523$3,068$2,666$1,947
14 years$4,239$3,669$3,165$2,723$2,337$1,658
15 years$3,916$3,352$2,858$2,429$2,058$1,417
16 years$3,633$3,075$2,591$2,175$1,819$1,215
17 years$3,384$2,832$2,358$1,954$1,613$1,045
18 years$3,162$2,617$2,152$1,761$1,434$901
19 years$2,965$2,425$1,970$1,591$1,278$778
20 years$2,787$2,254$1,808$1,441$1,142$673
21 years$2,626$2,099$1,663$1,308$1,022$583
22 years$2,480$1,960$1,533$1,189$916$505
23 years$2,348$1,833$1,416$1,083$822$439
24 years$2,226$1,717$1,309$988$739$381
25 years$2,114$1,611$1,212$902$665$332
26 years$2,011$1,515$1,125$825$599$289
27 years$1,916$1,425$1,044$755$540$251
28 years$1,828$1,343$971$692$487$219
29 years$1,746$1,267$903$634$440$191
30 years$1,669$1,197$841$582$398$166
31 years$1,598$1,131$784$535$359$145
32 years$1,531$1,070$732$491$325$127
33 years$1,468$1,014$683$452$294$110
34 years$1,410$961$639$416$266$96
35 years$1,354$911$597$383$241$84
36 years$1,302$865$558$352$219$73
37 years$1,253$821$523$325$198$64
38 years$1,207$781$489$299$180$56
39 years$1,163$742$459$276$163$49
40 years$1,121$706$430$255$148$43
41 years$1,082$672$403$235$134$37
42 years$1,044$640$378$217$122$33
43 years$1,008$610$355$200$110$29
44 years$974$581$333$185$100$25
45 years$942$555$313$171$91$22
46 years$911$529$294$158$83$19
47 years$882$505$276$146$75$17
48 years$853$482$259$135$68$15
49 years$826$460$244$124$62$13
50 years$801$440$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 $820,000, adding $3,825 every year, while hoping to spend $44,858 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: 40/33/27 Blend
54$820,000$820,000$820,000$820,000
55$907,585$864,125$851,415$936,521
56$952,431$858,739$832,209$952,476
57$1,000,347$851,585$810,856$965,261
58$1,051,599$842,530$787,237$978,231
59$1,106,480$831,432$761,227$991,428
60$1,165,308$818,139$732,696$1,004,905
61$1,228,435$802,494$701,507$1,018,725
62$1,296,245$784,326$667,517$1,032,957
63$1,369,161$763,456$630,577$1,047,686
64$1,447,646$739,697$590,533$1,063,007
65$1,532,210$712,846$547,220$1,079,028
66$1,623,412$682,692$500,468$1,095,877
67$1,721,867$649,010$450,100$1,113,697
68$1,828,249$611,563$395,930$1,132,651
69$1,943,301$570,100$337,764$1,152,925
70$2,067,838$524,355$275,400$1,174,732
71$2,202,756$474,048$208,625$1,198,309
72$2,349,043$418,882$137,219$1,223,928
73$2,507,781$358,543$60,952$1,251,894
74$2,680,164$292,701$0$1,282,549
75$2,867,502$221,004$0$1,322,171
76$3,071,238$143,085$0$1,384,427
77$3,292,960$58,551$0$1,452,304
78$3,534,414$0$0$1,526,427
79$3,797,521$0$0$1,619,480
80$4,084,398$0$0$1,744,219
81$4,397,371$0$0$1,880,408
82$4,739,002$0$0$2,029,174
83$5,112,113$0$0$2,191,758
84$5,519,807$0$0$2,369,527
85$5,965,504$0$0$2,563,987
86$6,452,966$0$0$2,776,793
87$6,986,337$0$0$3,009,771
88$7,570,179$0$0$3,264,930
89$8,209,518$0$0$3,544,483
90$8,909,885$0$0$3,850,865
91$9,677,374$0$0$4,186,761
92$10,518,695$0$0$4,555,126
93$11,441,239$0$0$4,959,216
94$12,453,147$0$0$5,402,616
95$13,563,383$0$0$5,889,276
96$14,781,824$0$0$6,423,546
97$16,119,348$0$0$7,010,220
98$17,587,937$0$0$7,654,576
99$19,200,791$0$0$8,362,429
100$20,972,451$0$0$9,140,186