Can I retire at age 55 with 823,000?

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 $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%18.1%
1 years$67,963$67,357$66,767$66,190$65,627$63,476
2 years$33,645$33,018$32,411$31,822$31,251$29,104
3 years$22,207$21,578$20,972$20,389$19,827$17,752
4 years$16,489$15,862$15,262$14,689$14,141$12,153
5 years$13,060$12,436$11,844$11,283$10,750$8,855
6 years$10,774$10,155$9,572$9,023$8,506$6,706
7 years$9,142$8,528$7,954$7,418$6,917$5,212
8 years$7,918$7,310$6,746$6,223$5,739$4,126
9 years$6,967$6,365$5,810$5,300$4,833$3,312
10 years$6,207$5,610$5,065$4,569$4,118$2,685
11 years$5,585$4,994$4,460$3,976$3,541$2,195
12 years$5,067$4,483$3,958$3,488$3,069$1,806
13 years$4,629$4,051$3,536$3,079$2,676$1,493
14 years$4,255$3,682$3,177$2,733$2,346$1,240
15 years$3,930$3,364$2,868$2,438$2,066$1,033
16 years$3,646$3,086$2,601$2,183$1,826$862
17 years$3,396$2,842$2,367$1,961$1,619$722
18 years$3,174$2,626$2,160$1,767$1,439$605
19 years$2,976$2,434$1,978$1,597$1,283$509
20 years$2,797$2,262$1,815$1,446$1,146$428
21 years$2,636$2,107$1,669$1,313$1,025$360
22 years$2,490$1,967$1,539$1,194$919$303
23 years$2,356$1,839$1,421$1,087$825$256
24 years$2,234$1,723$1,314$991$742$216
25 years$2,122$1,617$1,217$905$667$182
26 years$2,018$1,520$1,129$828$601$154
27 years$1,923$1,431$1,048$758$542$130
28 years$1,834$1,348$974$694$489$110
29 years$1,752$1,272$907$637$442$93
30 years$1,675$1,201$845$584$399$79
31 years$1,604$1,135$787$537$361$67
32 years$1,537$1,074$735$493$326$56
33 years$1,474$1,017$686$454$295$48
34 years$1,415$964$641$417$267$40
35 years$1,359$915$599$384$242$34
36 years$1,307$868$560$354$219$29
37 years$1,258$824$525$326$199$24
38 years$1,211$783$491$300$180$21
39 years$1,167$745$460$277$163$18
40 years$1,125$709$431$256$148$15
41 years$1,085$675$405$236$135$13
42 years$1,048$643$379$218$122$11
43 years$1,012$612$356$201$111$9
44 years$978$584$334$185$101$8
45 years$945$557$314$171$91$6
46 years$914$531$295$158$83$5
47 years$885$507$277$146$75$5
48 years$856$484$260$135$68$4
49 years$829$462$245$125$62$3
50 years$804$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $823,000, adding $5,736 every year, while hoping to spend $51,326 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: 56/34/10 Blend
54$823,000$823,000$823,000$823,000
55$912,863$869,244$856,487$961,432
56$951,364$857,226$830,569$982,896
57$992,073$842,900$802,062$1,000,094
58$1,035,159$826,097$770,826$1,017,599
59$1,080,810$806,640$736,714$1,035,448
60$1,129,229$784,342$699,570$1,053,682
61$1,180,639$759,004$659,235$1,072,353
62$1,235,285$730,415$615,540$1,091,519
63$1,293,433$698,354$568,309$1,111,246
64$1,355,374$662,584$517,358$1,131,613
65$1,421,428$622,857$462,496$1,152,707
66$1,491,946$578,910$403,522$1,174,631
67$1,567,311$530,463$340,226$1,197,501
68$1,647,944$477,222$272,391$1,221,448
69$1,734,305$418,877$199,787$1,246,623
70$1,826,901$355,099$122,176$1,273,196
71$1,926,286$285,540$39,310$1,301,360
72$2,033,069$209,833$0$1,331,333
73$2,147,918$127,591$0$1,368,604
74$2,271,567$38,405$0$1,413,025
75$2,404,823$0$0$1,460,740
76$2,548,569$0$0$1,533,893
77$2,703,779$0$0$1,628,452
78$2,871,521$0$0$1,730,705
79$3,052,969$0$0$1,841,378
80$3,249,414$0$0$1,961,264
81$3,462,276$0$0$2,091,238
82$3,693,114$0$0$2,232,263
83$3,943,645$0$0$2,385,396
84$4,215,756$0$0$2,551,799
85$4,511,522$0$0$2,732,753
86$4,833,229$0$0$2,929,665
87$5,183,387$0$0$3,144,085
88$5,564,762$0$0$3,377,716
89$5,980,397$0$0$3,632,436
90$6,433,640$0$0$3,910,308
91$6,928,175$0$0$4,213,605
92$7,468,060$0$0$4,544,829
93$8,057,759$0$0$4,906,732
94$8,702,187$0$0$5,302,347
95$9,406,758$0$0$5,735,011
96$10,177,428$0$0$6,208,400
97$11,020,760$0$0$6,726,559
98$11,943,975$0$0$7,293,945
99$12,955,031$0$0$7,915,464
100$14,062,686$0$0$8,596,521