Can I retire at age 55 with 821,000?

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 $821,000?

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$67,797$67,194$66,604$66,029$65,468$64,277
2 years$33,563$32,938$32,332$31,745$31,175$29,980
3 years$22,153$21,525$20,921$20,339$19,779$18,616
4 years$16,449$15,823$15,225$14,653$14,106$12,986
5 years$13,028$12,406$11,815$11,255$10,723$9,647
6 years$10,748$10,130$9,549$9,001$8,485$7,455
7 years$9,120$8,507$7,935$7,400$6,901$5,917
8 years$7,899$7,292$6,729$6,208$5,725$4,787
9 years$6,950$6,349$5,796$5,288$4,821$3,929
10 years$6,192$5,597$5,053$4,558$4,108$3,260
11 years$5,571$4,982$4,449$3,967$3,533$2,729
12 years$5,055$4,472$3,948$3,479$3,061$2,300
13 years$4,618$4,041$3,527$3,072$2,670$1,949
14 years$4,244$3,673$3,169$2,727$2,340$1,660
15 years$3,920$3,356$2,862$2,432$2,061$1,419
16 years$3,637$3,079$2,594$2,177$1,821$1,217
17 years$3,388$2,835$2,361$1,956$1,615$1,046
18 years$3,166$2,620$2,155$1,763$1,436$902
19 years$2,968$2,428$1,973$1,593$1,280$779
20 years$2,790$2,256$1,811$1,443$1,143$674
21 years$2,630$2,102$1,665$1,310$1,023$583
22 years$2,484$1,962$1,535$1,191$917$506
23 years$2,350$1,835$1,417$1,084$823$439
24 years$2,229$1,719$1,311$989$740$382
25 years$2,117$1,613$1,214$903$666$332
26 years$2,014$1,516$1,126$826$600$289
27 years$1,918$1,427$1,045$756$541$252
28 years$1,830$1,345$972$693$488$219
29 years$1,748$1,269$904$635$440$191
30 years$1,671$1,198$842$583$398$166
31 years$1,600$1,133$785$535$360$145
32 years$1,533$1,072$733$492$325$127
33 years$1,470$1,015$684$452$295$111
34 years$1,411$962$639$416$267$96
35 years$1,356$912$598$383$242$84
36 years$1,304$866$559$353$219$74
37 years$1,255$822$523$325$198$64
38 years$1,208$782$490$300$180$56
39 years$1,164$743$459$276$163$49
40 years$1,122$707$430$255$148$43
41 years$1,083$673$404$235$134$37
42 years$1,045$641$379$217$122$33
43 years$1,009$611$355$200$111$29
44 years$975$582$333$185$100$25
45 years$943$555$313$171$91$22
46 years$912$530$294$158$83$19
47 years$883$505$276$146$75$17
48 years$854$482$260$135$68$15
49 years$827$461$244$125$62$13
50 years$802$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 $821,000, adding $2,223 every year, while hoping to spend $26,480 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: 46/24/30 Blend
54$821,000$821,000$821,000$821,000
55$907,035$863,522$850,797$940,826
56$971,378$877,660$851,124$979,198
57$1,041,397$891,603$850,574$1,018,093
58$1,117,642$905,315$849,091$1,059,798
59$1,200,719$918,753$846,614$1,104,592
60$1,291,297$931,876$843,080$1,152,782
61$1,390,109$944,638$838,422$1,204,710
62$1,497,963$956,988$832,573$1,260,750
63$1,615,749$968,875$825,458$1,321,319
64$1,744,447$980,241$817,002$1,386,874
65$1,885,135$991,027$807,126$1,457,923
66$2,038,999$1,001,168$795,745$1,535,025
67$2,207,348$1,010,596$782,773$1,618,799
68$2,391,619$1,019,237$768,118$1,709,927
69$2,593,399$1,027,014$751,685$1,809,165
70$2,814,432$1,033,844$733,373$1,917,344
71$3,056,641$1,039,639$713,077$2,035,385
72$3,322,141$1,044,304$690,688$2,164,302
73$3,613,265$1,047,741$666,092$2,305,218
74$3,932,579$1,049,842$639,167$2,459,369
75$4,282,913$1,050,495$609,790$2,628,123
76$4,667,381$1,049,580$577,829$2,812,988
77$5,089,415$1,046,970$543,147$3,015,628
78$5,552,794$1,042,530$505,601$3,237,882
79$6,061,681$1,036,116$465,041$3,481,778
80$6,620,664$1,027,577$421,311$3,749,554
81$7,234,795$1,016,752$374,248$4,043,680
82$7,909,640$1,003,469$323,682$4,366,883
83$8,651,331$987,547$269,433$4,722,169
84$9,466,625$968,794$211,317$5,112,859
85$10,362,964$947,008$149,139$5,542,613
86$11,348,547$921,973$82,697$6,015,472
87$12,432,410$893,461$11,778$6,535,892
88$13,624,506$861,230$0$7,108,789
89$14,935,801$825,026$0$7,760,044
90$16,378,378$784,578$0$8,480,536
91$17,965,551$739,600$0$9,273,168
92$19,711,988$689,791$0$10,145,297
93$21,633,850$634,831$0$11,105,037
94$23,748,947$574,381$0$12,161,328
95$26,076,900$508,086$0$13,324,027
96$28,639,328$435,567$0$14,603,999
97$31,460,056$356,427$0$16,013,217
98$34,565,333$270,243$0$17,564,883
99$37,984,084$176,571$0$19,273,545
100$41,748,179$74,941$0$21,155,241