Can I retire at age 55 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$67,880$67,275$66,685$66,110$65,547$64,172
2 years$33,604$32,978$32,372$31,783$31,213$29,833
3 years$22,180$21,552$20,947$20,364$19,803$18,462
4 years$16,469$15,843$15,244$14,671$14,124$12,833
5 years$13,044$12,421$11,830$11,269$10,737$9,499
6 years$10,761$10,143$9,560$9,012$8,495$7,312
7 years$9,131$8,518$7,945$7,409$6,909$5,781
8 years$7,909$7,301$6,738$6,215$5,732$4,658
9 years$6,959$6,357$5,803$5,294$4,827$3,807
10 years$6,199$5,603$5,059$4,564$4,113$3,145
11 years$5,578$4,988$4,454$3,972$3,537$2,621
12 years$5,061$4,477$3,953$3,484$3,065$2,199
13 years$4,624$4,046$3,532$3,076$2,673$1,855
14 years$4,249$3,678$3,173$2,730$2,343$1,572
15 years$3,925$3,360$2,865$2,435$2,063$1,338
16 years$3,642$3,083$2,598$2,180$1,823$1,142
17 years$3,392$2,839$2,364$1,959$1,617$977
18 years$3,170$2,623$2,158$1,765$1,437$837
19 years$2,972$2,431$1,975$1,595$1,281$719
20 years$2,794$2,259$1,813$1,445$1,144$619
21 years$2,633$2,104$1,667$1,311$1,024$533
22 years$2,487$1,964$1,537$1,192$918$460
23 years$2,353$1,837$1,419$1,086$824$397
24 years$2,231$1,721$1,312$990$741$343
25 years$2,119$1,615$1,215$904$666$297
26 years$2,016$1,518$1,127$827$600$257
27 years$1,921$1,429$1,047$757$541$222
28 years$1,832$1,346$973$693$488$193
29 years$1,750$1,270$906$636$441$167
30 years$1,673$1,200$843$584$398$145
31 years$1,602$1,134$786$536$360$125
32 years$1,535$1,073$734$493$326$109
33 years$1,472$1,016$685$453$295$94
34 years$1,413$963$640$417$267$82
35 years$1,358$913$598$384$242$71
36 years$1,306$867$560$353$219$62
37 years$1,256$823$524$326$199$54
38 years$1,210$783$491$300$180$47
39 years$1,166$744$460$277$163$40
40 years$1,124$708$431$255$148$35
41 years$1,084$674$404$235$134$30
42 years$1,047$642$379$217$122$26
43 years$1,011$612$356$201$111$23
44 years$977$583$334$185$100$20
45 years$944$556$313$171$91$17
46 years$913$530$294$158$83$15
47 years$884$506$277$146$75$13
48 years$855$483$260$135$68$11
49 years$828$461$244$125$62$10
50 years$803$441$230$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $822,000, adding $2,183 every year, while hoping to spend $55,272 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: 51/36/13 Blend
54$822,000$822,000$822,000$822,000
55$908,096$864,530$851,789$951,124
56$941,913$848,083$821,515$964,371
57$977,326$828,977$788,374$972,744
58$1,014,441$807,025$752,212$980,596
59$1,053,371$782,026$712,868$987,894
60$1,094,238$753,769$670,173$994,606
61$1,137,177$722,030$623,950$1,000,697
62$1,182,332$686,572$574,015$1,006,136
63$1,229,862$647,146$520,177$1,010,892
64$1,279,938$603,487$462,233$1,014,933
65$1,332,748$555,313$399,974$1,018,232
66$1,388,495$502,331$333,180$1,020,762
67$1,447,402$444,226$261,622$1,022,499
68$1,509,713$380,669$185,062$1,023,424
69$1,575,691$311,309$103,249$1,023,519
70$1,645,627$235,778$15,923$1,022,773
71$1,719,836$153,687$0$1,021,181
72$1,798,665$64,623$0$1,029,462
73$1,882,492$0$0$1,039,960
74$1,971,731$0$0$1,063,139
75$2,066,835$0$0$1,115,171
76$2,168,299$0$0$1,170,733
77$2,276,669$0$0$1,230,131
78$2,392,539$0$0$1,293,696
79$2,516,563$0$0$1,361,794
80$2,649,457$0$0$1,434,828
81$2,792,006$0$0$1,513,235
82$2,945,073$0$0$1,597,500
83$3,109,604$0$0$1,688,153
84$3,286,637$0$0$1,785,774
85$3,477,313$0$0$1,891,005
86$3,682,884$0$0$2,004,545
87$3,904,727$0$0$2,127,168
88$4,144,352$0$0$2,259,720
89$4,403,421$0$0$2,403,133
90$4,683,760$0$0$2,558,432
91$4,987,376$0$0$2,726,741
92$5,316,476$0$0$2,909,300
93$5,673,487$0$0$3,107,469
94$6,061,077$0$0$3,322,746
95$6,482,181$0$0$3,556,778
96$6,940,028$0$0$3,811,377
97$7,438,170$0$0$4,088,538
98$7,980,516$0$0$4,390,454
99$8,571,366$0$0$4,719,539
100$9,215,454$0$0$5,078,450