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%18.8%
1 years$67,797$67,194$66,604$66,029$65,468$63,145
2 years$33,563$32,938$32,332$31,745$31,175$28,860
3 years$22,153$21,525$20,921$20,339$19,779$17,543
4 years$16,449$15,823$15,225$14,653$14,106$11,968
5 years$13,028$12,406$11,815$11,255$10,723$8,688
6 years$10,748$10,130$9,549$9,001$8,485$6,554
7 years$9,120$8,507$7,935$7,400$6,901$5,074
8 years$7,899$7,292$6,729$6,208$5,725$4,000
9 years$6,950$6,349$5,796$5,288$4,821$3,197
10 years$6,192$5,597$5,053$4,558$4,108$2,581
11 years$5,571$4,982$4,449$3,967$3,533$2,100
12 years$5,055$4,472$3,948$3,479$3,061$1,720
13 years$4,618$4,041$3,527$3,072$2,670$1,415
14 years$4,244$3,673$3,169$2,727$2,340$1,169
15 years$3,920$3,356$2,862$2,432$2,061$969
16 years$3,637$3,079$2,594$2,177$1,821$805
17 years$3,388$2,835$2,361$1,956$1,615$671
18 years$3,166$2,620$2,155$1,763$1,436$560
19 years$2,968$2,428$1,973$1,593$1,280$467
20 years$2,790$2,256$1,811$1,443$1,143$391
21 years$2,630$2,102$1,665$1,310$1,023$327
22 years$2,484$1,962$1,535$1,191$917$274
23 years$2,350$1,835$1,417$1,084$823$230
24 years$2,229$1,719$1,311$989$740$193
25 years$2,117$1,613$1,214$903$666$162
26 years$2,014$1,516$1,126$826$600$136
27 years$1,918$1,427$1,045$756$541$114
28 years$1,830$1,345$972$693$488$96
29 years$1,748$1,269$904$635$440$81
30 years$1,671$1,198$842$583$398$68
31 years$1,600$1,133$785$535$360$57
32 years$1,533$1,072$733$492$325$48
33 years$1,470$1,015$684$452$295$40
34 years$1,411$962$639$416$267$34
35 years$1,356$912$598$383$242$29
36 years$1,304$866$559$353$219$24
37 years$1,255$822$523$325$198$20
38 years$1,208$782$490$300$180$17
39 years$1,164$743$459$276$163$14
40 years$1,122$707$430$255$148$12
41 years$1,083$673$404$235$134$10
42 years$1,045$641$379$217$122$9
43 years$1,009$611$355$200$111$7
44 years$975$582$333$185$100$6
45 years$943$555$313$171$91$5
46 years$912$530$294$158$83$4
47 years$883$505$276$146$75$4
48 years$854$482$260$135$68$3
49 years$827$461$244$125$62$3
50 years$802$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $821,000, adding $2,409 every year, while hoping to spend $30,066 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: 52/33/15 Blend
54$821,000$821,000$821,000$821,000
55$907,227$863,714$850,988$950,609
56$967,774$874,046$847,507$990,901
57$1,033,489$883,876$842,900$1,031,322
58$1,104,868$893,149$837,100$1,074,613
59$1,182,455$901,804$830,034$1,121,054
60$1,266,851$909,778$821,625$1,170,955
61$1,358,713$917,001$811,793$1,224,657
62$1,458,769$923,401$800,456$1,282,538
63$1,567,817$928,901$787,524$1,345,016
64$1,686,736$933,419$772,908$1,412,553
65$1,816,493$936,866$756,510$1,485,656
66$1,958,154$939,151$738,232$1,564,889
67$2,112,889$940,173$717,966$1,650,873
68$2,281,990$939,828$695,604$1,744,294
69$2,466,878$938,004$671,032$1,845,909
70$2,669,116$934,582$644,127$1,956,556
71$2,890,426$929,438$614,766$2,077,159
72$3,132,706$922,436$582,817$2,208,737
73$3,398,043$913,437$548,143$2,352,418
74$3,688,737$902,289$510,599$2,509,445
75$4,007,321$888,834$470,037$2,681,191
76$4,356,584$872,903$426,299$2,869,172
77$4,739,598$854,317$379,223$3,075,062
78$5,159,746$832,889$328,637$3,300,707
79$5,620,757$808,416$274,362$3,548,147
80$6,126,733$780,688$216,213$3,819,632
81$6,682,199$749,480$153,994$4,117,644
82$7,292,133$714,555$87,503$4,444,926
83$7,962,024$675,662$16,528$4,804,501
84$8,697,916$632,534$0$5,199,707
85$9,506,467$584,892$0$5,643,705
86$10,395,014$532,439$0$6,134,520
87$11,371,637$474,860$0$6,674,026
88$12,445,240$411,825$0$7,267,209
89$13,625,633$342,982$0$7,919,570
90$14,923,621$267,962$0$8,637,173
91$16,351,111$186,373$0$9,426,705
92$17,921,222$97,802$0$10,295,540
93$19,648,406$1,814$0$11,251,808
94$21,548,588$0$0$12,304,477
95$23,639,315$0$0$13,500,490
96$25,939,918$0$0$14,817,386
97$28,471,698$0$0$16,266,709
98$31,258,126$0$0$17,861,910
99$34,325,063$0$0$19,617,804
100$37,701,003$0$0$21,550,720