Can I retire at age 55 with 821,000?

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 $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%11.3%
1 years$67,797$67,194$66,604$66,029$65,468$65,110
2 years$33,563$32,938$32,332$31,745$31,175$30,814
3 years$22,153$21,525$20,921$20,339$19,779$19,425
4 years$16,449$15,823$15,225$14,653$14,106$13,764
5 years$13,028$12,406$11,815$11,255$10,723$10,392
6 years$10,748$10,130$9,549$9,001$8,485$8,166
7 years$9,120$8,507$7,935$7,400$6,901$6,594
8 years$7,899$7,292$6,729$6,208$5,725$5,430
9 years$6,950$6,349$5,796$5,288$4,821$4,539
10 years$6,192$5,597$5,053$4,558$4,108$3,838
11 years$5,571$4,982$4,449$3,967$3,533$3,275
12 years$5,055$4,472$3,948$3,479$3,061$2,815
13 years$4,618$4,041$3,527$3,072$2,670$2,435
14 years$4,244$3,673$3,169$2,727$2,340$2,116
15 years$3,920$3,356$2,862$2,432$2,061$1,848
16 years$3,637$3,079$2,594$2,177$1,821$1,619
17 years$3,388$2,835$2,361$1,956$1,615$1,423
18 years$3,166$2,620$2,155$1,763$1,436$1,254
19 years$2,968$2,428$1,973$1,593$1,280$1,107
20 years$2,790$2,256$1,811$1,443$1,143$980
21 years$2,630$2,102$1,665$1,310$1,023$869
22 years$2,484$1,962$1,535$1,191$917$771
23 years$2,350$1,835$1,417$1,084$823$686
24 years$2,229$1,719$1,311$989$740$610
25 years$2,117$1,613$1,214$903$666$544
26 years$2,014$1,516$1,126$826$600$485
27 years$1,918$1,427$1,045$756$541$433
28 years$1,830$1,345$972$693$488$386
29 years$1,748$1,269$904$635$440$345
30 years$1,671$1,198$842$583$398$309
31 years$1,600$1,133$785$535$360$276
32 years$1,533$1,072$733$492$325$247
33 years$1,470$1,015$684$452$295$221
34 years$1,411$962$639$416$267$198
35 years$1,356$912$598$383$242$178
36 years$1,304$866$559$353$219$159
37 years$1,255$822$523$325$198$143
38 years$1,208$782$490$300$180$128
39 years$1,164$743$459$276$163$115
40 years$1,122$707$430$255$148$103
41 years$1,083$673$404$235$134$92
42 years$1,045$641$379$217$122$83
43 years$1,009$611$355$200$111$74
44 years$975$582$333$185$100$67
45 years$943$555$313$171$91$60
46 years$912$530$294$158$83$54
47 years$883$505$276$146$75$48
48 years$854$482$260$135$68$43
49 years$827$461$244$125$62$39
50 years$802$440$229$115$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $821,000, adding $2,755 every year, while hoping to spend $48,868 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: 62/12/26 Blend
54$821,000$821,000$821,000$821,000
55$907,584$864,071$851,345$957,411
56$948,162$854,415$827,870$981,880
57$991,242$842,648$801,971$1,003,000
58$1,037,026$828,616$773,514$1,025,000
59$1,085,737$812,153$742,362$1,047,974
60$1,137,620$793,086$708,368$1,072,028
61$1,192,940$771,230$671,382$1,097,280
62$1,251,991$746,391$631,244$1,123,862
63$1,315,092$718,362$587,788$1,151,923
64$1,382,594$686,924$540,842$1,181,629
65$1,454,882$651,847$490,224$1,213,166
66$1,532,378$612,886$435,745$1,246,740
67$1,615,546$569,783$377,207$1,282,582
68$1,704,893$522,263$314,405$1,320,949
69$1,800,977$470,039$247,123$1,362,129
70$1,904,411$412,805$175,135$1,406,441
71$2,015,866$350,238$98,208$1,454,242
72$2,136,082$281,997$16,095$1,505,927
73$2,265,870$207,722$0$1,561,936
74$2,406,121$127,033$0$1,642,604
75$2,557,815$39,528$0$1,734,686
76$2,722,030$0$0$1,834,394
77$2,899,949$0$0$1,949,772
78$3,092,875$0$0$2,080,591
79$3,302,238$0$0$2,222,610
80$3,529,614$0$0$2,376,904
81$3,776,735$0$0$2,544,654
82$4,045,506$0$0$2,727,163
83$4,338,022$0$0$2,925,860
84$4,656,592$0$0$3,142,321
85$5,003,753$0$0$3,378,278
86$5,382,298$0$0$3,635,640
87$5,795,301$0$0$3,916,505
88$6,246,148$0$0$4,223,185
89$6,738,562$0$0$4,558,222
90$7,276,644$0$0$4,924,418
91$7,864,909$0$0$5,324,855
92$8,508,328$0$0$5,762,928
93$9,212,374$0$0$6,242,376
94$9,983,072$0$0$6,767,313
95$10,827,059$0$0$7,342,273
96$11,751,643$0$0$7,972,247
97$12,764,871$0$0$8,662,731
98$13,875,608$0$0$9,419,780
99$15,093,614$0$0$10,250,062
100$16,429,642$0$0$11,160,921