Can I retire at age 55 with 820,000?

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 $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%18.3%
1 years$67,715$67,112$66,523$65,949$65,388$63,194
2 years$33,522$32,898$32,293$31,706$31,137$28,948
3 years$22,126$21,499$20,896$20,314$19,755$17,640
4 years$16,429$15,804$15,207$14,635$14,089$12,064
5 years$13,012$12,391$11,801$11,241$10,710$8,781
6 years$10,735$10,118$9,537$8,990$8,475$6,642
7 years$9,108$8,497$7,925$7,391$6,892$5,157
8 years$7,889$7,283$6,721$6,200$5,718$4,078
9 years$6,942$6,342$5,789$5,281$4,815$3,269
10 years$6,184$5,590$5,047$4,552$4,103$2,647
11 years$5,565$4,976$4,443$3,962$3,529$2,161
12 years$5,049$4,466$3,943$3,475$3,058$1,776
13 years$4,613$4,036$3,523$3,068$2,666$1,466
14 years$4,239$3,669$3,165$2,723$2,337$1,215
15 years$3,916$3,352$2,858$2,429$2,058$1,011
16 years$3,633$3,075$2,591$2,175$1,819$843
17 years$3,384$2,832$2,358$1,954$1,613$705
18 years$3,162$2,617$2,152$1,761$1,434$590
19 years$2,965$2,425$1,970$1,591$1,278$495
20 years$2,787$2,254$1,808$1,441$1,142$416
21 years$2,626$2,099$1,663$1,308$1,022$349
22 years$2,480$1,960$1,533$1,189$916$294
23 years$2,348$1,833$1,416$1,083$822$248
24 years$2,226$1,717$1,309$988$739$209
25 years$2,114$1,611$1,212$902$665$176
26 years$2,011$1,515$1,125$825$599$148
27 years$1,916$1,425$1,044$755$540$125
28 years$1,828$1,343$971$692$487$106
29 years$1,746$1,267$903$634$440$89
30 years$1,669$1,197$841$582$398$75
31 years$1,598$1,131$784$535$359$64
32 years$1,531$1,070$732$491$325$54
33 years$1,468$1,014$683$452$294$45
34 years$1,410$961$639$416$266$38
35 years$1,354$911$597$383$241$32
36 years$1,302$865$558$352$219$27
37 years$1,253$821$523$325$198$23
38 years$1,207$781$489$299$180$20
39 years$1,163$742$459$276$163$16
40 years$1,121$706$430$255$148$14
41 years$1,082$672$403$235$134$12
42 years$1,044$640$378$217$122$10
43 years$1,008$610$355$200$110$8
44 years$974$581$333$185$100$7
45 years$942$555$313$171$91$6
46 years$911$529$294$158$83$5
47 years$882$505$276$146$75$4
48 years$853$482$259$135$68$4
49 years$826$460$244$124$62$3
50 years$801$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $820,000, adding $3,633 every year, while hoping to spend $25,009 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: 34/37/29 Blend
54$820,000$820,000$820,000$820,000
55$907,387$863,927$851,217$930,184
56$973,332$879,651$853,124$963,464
57$1,045,164$895,306$854,256$996,846
58$1,123,458$910,864$854,561$1,032,366
59$1,208,847$926,292$853,985$1,070,231
60$1,302,026$941,556$852,470$1,110,671
61$1,403,759$956,620$849,955$1,153,940
62$1,514,891$971,442$846,376$1,200,321
63$1,636,349$985,982$841,669$1,250,124
64$1,769,154$1,000,192$835,762$1,303,694
65$1,914,430$1,014,025$828,583$1,361,410
66$2,073,417$1,027,427$820,056$1,423,695
67$2,247,478$1,040,343$810,099$1,491,012
68$2,438,114$1,052,713$798,631$1,563,877
69$2,646,978$1,064,473$785,562$1,642,858
70$2,875,892$1,075,554$770,801$1,728,583
71$3,126,862$1,085,885$754,251$1,821,747
72$3,402,096$1,095,387$735,812$1,923,117
73$3,704,027$1,103,978$715,379$2,033,541
74$4,035,334$1,111,570$692,841$2,153,955
75$4,398,971$1,118,069$668,084$2,285,397
76$4,798,187$1,123,376$640,986$2,429,007
77$5,236,565$1,127,384$611,421$2,586,051
78$5,718,049$1,129,981$579,259$2,757,922
79$6,246,987$1,131,046$544,361$2,946,162
80$6,828,165$1,130,454$506,583$3,152,473
81$7,466,860$1,128,067$465,775$3,378,732
82$8,168,881$1,123,744$421,780$3,627,015
83$8,940,631$1,117,332$374,434$3,899,613
84$9,789,163$1,108,669$323,565$4,199,053
85$10,722,248$1,097,584$268,995$4,528,129
86$11,748,447$1,083,895$210,536$4,889,920
87$12,877,193$1,067,411$147,993$5,287,828
88$14,118,879$1,047,926$81,163$5,725,608
89$15,484,956$1,025,225$9,833$6,207,401
90$16,988,040$999,080$0$6,737,781
91$18,642,033$969,247$0$7,342,303
92$20,462,250$935,471$0$8,010,604
93$22,465,571$897,480$0$8,745,855
94$24,670,589$854,986$0$9,554,912
95$27,097,795$807,687$0$10,445,333
96$29,769,767$755,260$0$11,425,453
97$32,711,381$697,366$0$12,504,459
98$35,950,051$633,646$0$13,692,483
99$39,515,982$563,720$0$15,000,695
100$43,442,457$487,187$0$16,441,407