Can I retire at age 55 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$67,963$67,357$66,767$66,190$65,627$64,041
2 years$33,645$33,018$32,411$31,822$31,251$29,662
3 years$22,207$21,578$20,972$20,389$19,827$18,285
4 years$16,489$15,862$15,262$14,689$14,141$12,658
5 years$13,060$12,436$11,844$11,283$10,750$9,331
6 years$10,774$10,155$9,572$9,023$8,506$7,152
7 years$9,142$8,528$7,954$7,418$6,917$5,628
8 years$7,918$7,310$6,746$6,223$5,739$4,514
9 years$6,967$6,365$5,810$5,300$4,833$3,671
10 years$6,207$5,610$5,065$4,569$4,118$3,018
11 years$5,585$4,994$4,460$3,976$3,541$2,502
12 years$5,067$4,483$3,958$3,488$3,069$2,089
13 years$4,629$4,051$3,536$3,079$2,676$1,753
14 years$4,255$3,682$3,177$2,733$2,346$1,478
15 years$3,930$3,364$2,868$2,438$2,066$1,250
16 years$3,646$3,086$2,601$2,183$1,826$1,061
17 years$3,396$2,842$2,367$1,961$1,619$902
18 years$3,174$2,626$2,160$1,767$1,439$769
19 years$2,976$2,434$1,978$1,597$1,283$657
20 years$2,797$2,262$1,815$1,446$1,146$562
21 years$2,636$2,107$1,669$1,313$1,025$481
22 years$2,490$1,967$1,539$1,194$919$412
23 years$2,356$1,839$1,421$1,087$825$354
24 years$2,234$1,723$1,314$991$742$304
25 years$2,122$1,617$1,217$905$667$261
26 years$2,018$1,520$1,129$828$601$224
27 years$1,923$1,431$1,048$758$542$193
28 years$1,834$1,348$974$694$489$166
29 years$1,752$1,272$907$637$442$143
30 years$1,675$1,201$845$584$399$123
31 years$1,604$1,135$787$537$361$106
32 years$1,537$1,074$735$493$326$91
33 years$1,474$1,017$686$454$295$79
34 years$1,415$964$641$417$267$68
35 years$1,359$915$599$384$242$59
36 years$1,307$868$560$354$219$50
37 years$1,258$824$525$326$199$44
38 years$1,211$783$491$300$180$38
39 years$1,167$745$460$277$163$32
40 years$1,125$709$431$256$148$28
41 years$1,085$675$405$236$135$24
42 years$1,048$643$379$218$122$21
43 years$1,012$612$356$201$111$18
44 years$978$584$334$185$101$15
45 years$945$557$314$171$91$13
46 years$914$531$295$158$83$11
47 years$885$507$277$146$75$10
48 years$856$484$260$135$68$9
49 years$829$462$245$125$62$7
50 years$804$441$230$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $823,000, adding $3,449 every year, while hoping to spend $34,890 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: 56/30/14 Blend
54$823,000$823,000$823,000$823,000
55$910,504$866,885$854,128$958,010
56$966,252$872,239$845,619$995,980
57$1,026,518$876,687$835,655$1,033,219
58$1,091,725$880,146$824,151$1,072,976
59$1,162,338$882,531$811,018$1,115,498
60$1,238,871$883,749$796,161$1,161,060
61$1,321,886$883,703$779,483$1,209,964
62$1,412,003$882,290$760,880$1,262,545
63$1,509,904$879,398$740,246$1,319,173
64$1,616,337$874,912$717,468$1,380,259
65$1,732,128$868,708$692,428$1,446,255
66$1,858,184$860,653$665,003$1,517,663
67$1,995,504$850,609$635,065$1,595,034
68$2,145,184$838,429$602,479$1,678,983
69$2,308,436$823,955$567,105$1,770,186
70$2,486,589$807,021$528,796$1,869,390
71$2,681,109$787,453$487,398$1,977,422
72$2,893,608$765,064$442,752$2,095,196
73$3,125,861$739,657$394,689$2,223,721
74$3,379,823$711,024$343,035$2,364,113
75$3,657,645$678,944$287,606$2,517,603
76$3,961,697$643,185$228,213$2,685,554
77$4,294,588$603,499$164,656$2,869,469
78$4,659,190$559,625$96,727$3,071,008
79$5,058,669$511,288$24,209$3,292,007
80$5,496,509$458,196$0$3,534,492
81$5,976,546$400,041$0$3,808,643
82$6,503,008$336,498$0$4,113,363
83$7,080,550$267,221$0$4,447,796
84$7,714,300$191,849$0$4,814,992
85$8,409,905$109,997$0$5,218,315
86$9,173,588$21,259$0$5,661,477
87$10,012,202$0$0$6,148,573
88$10,933,296$0$0$6,708,810
89$11,945,186$0$0$7,332,060
90$13,057,035$0$0$8,016,958
91$14,278,936$0$0$8,769,732
92$15,622,009$0$0$9,597,244
93$17,098,504$0$0$10,507,051
94$18,721,917$0$0$11,507,481
95$20,507,118$0$0$12,607,710
96$22,470,491$0$0$13,817,845
97$24,630,084$0$0$15,149,025
98$27,005,785$0$0$16,613,521
99$29,619,506$0$0$18,224,853
100$32,495,389$0$0$19,997,919