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%11.2%
1 years$67,963$67,357$66,767$66,190$65,627$65,296
2 years$33,645$33,018$32,411$31,822$31,251$30,917
3 years$22,207$21,578$20,972$20,389$19,827$19,500
4 years$16,489$15,862$15,262$14,689$14,141$13,823
5 years$13,060$12,436$11,844$11,283$10,750$10,443
6 years$10,774$10,155$9,572$9,023$8,506$8,210
7 years$9,142$8,528$7,954$7,418$6,917$6,633
8 years$7,918$7,310$6,746$6,223$5,739$5,466
9 years$6,967$6,365$5,810$5,300$4,833$4,571
10 years$6,207$5,610$5,065$4,569$4,118$3,867
11 years$5,585$4,994$4,460$3,976$3,541$3,302
12 years$5,067$4,483$3,958$3,488$3,069$2,840
13 years$4,629$4,051$3,536$3,079$2,676$2,458
14 years$4,255$3,682$3,177$2,733$2,346$2,138
15 years$3,930$3,364$2,868$2,438$2,066$1,868
16 years$3,646$3,086$2,601$2,183$1,826$1,637
17 years$3,396$2,842$2,367$1,961$1,619$1,440
18 years$3,174$2,626$2,160$1,767$1,439$1,270
19 years$2,976$2,434$1,978$1,597$1,283$1,122
20 years$2,797$2,262$1,815$1,446$1,146$994
21 years$2,636$2,107$1,669$1,313$1,025$882
22 years$2,490$1,967$1,539$1,194$919$783
23 years$2,356$1,839$1,421$1,087$825$697
24 years$2,234$1,723$1,314$991$742$621
25 years$2,122$1,617$1,217$905$667$554
26 years$2,018$1,520$1,129$828$601$494
27 years$1,923$1,431$1,048$758$542$441
28 years$1,834$1,348$974$694$489$394
29 years$1,752$1,272$907$637$442$353
30 years$1,675$1,201$845$584$399$316
31 years$1,604$1,135$787$537$361$283
32 years$1,537$1,074$735$493$326$253
33 years$1,474$1,017$686$454$295$227
34 years$1,415$964$641$417$267$203
35 years$1,359$915$599$384$242$182
36 years$1,307$868$560$354$219$164
37 years$1,258$824$525$326$199$147
38 years$1,211$783$491$300$180$132
39 years$1,167$745$460$277$163$118
40 years$1,125$709$431$256$148$106
41 years$1,085$675$405$236$135$95
42 years$1,048$643$379$218$122$86
43 years$1,012$612$356$201$111$77
44 years$978$584$334$185$101$69
45 years$945$557$314$171$91$62
46 years$914$531$295$158$83$56
47 years$885$507$277$146$75$50
48 years$856$484$260$135$68$45
49 years$829$462$245$125$62$40
50 years$804$441$230$115$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $823,000, adding $6,555 every year, while hoping to spend $34,918 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: 67/25/8 Blend
54$823,000$823,000$823,000$823,000
55$913,707$870,088$857,332$973,129
56$969,753$875,570$848,900$1,018,907
57$1,030,345$880,150$839,015$1,064,125
58$1,095,910$883,748$827,593$1,112,634
59$1,166,918$886,276$814,542$1,164,750
60$1,243,884$887,644$799,769$1,220,821
61$1,327,376$887,755$783,177$1,281,234
62$1,418,017$886,503$764,663$1,346,413
63$1,516,494$883,781$744,118$1,416,828
64$1,623,562$879,472$721,431$1,492,995
65$1,740,051$873,451$696,485$1,575,487
66$1,866,874$865,589$669,155$1,664,933
67$2,005,038$855,745$639,314$1,762,029
68$2,155,648$843,773$606,827$1,867,542
69$2,319,922$829,516$571,555$1,982,318
70$2,499,201$812,809$533,348$2,107,293
71$2,694,960$793,477$492,056$2,243,496
72$2,908,823$771,334$447,516$2,392,065
73$3,142,577$746,184$399,563$2,554,254
74$3,398,192$717,819$348,020$2,731,450
75$3,677,834$686,018$292,705$2,925,178
76$3,983,890$650,550$233,427$3,137,124
77$4,318,987$611,168$169,988$3,369,148
78$4,686,020$567,611$102,178$3,623,300
79$5,088,174$519,605$29,782$3,901,845
80$5,528,960$466,857$0$4,207,277
81$6,012,243$409,062$0$4,546,404
82$6,542,279$345,894$0$4,921,186
83$7,123,758$277,009$0$5,332,452
84$7,761,844$202,045$0$5,783,919
85$8,462,226$120,619$0$6,279,687
86$9,231,170$32,327$0$6,824,276
87$10,075,579$0$0$7,422,671
88$11,003,057$0$0$8,097,771
89$12,021,981$0$0$8,849,256
90$13,141,577$0$0$9,675,047
91$14,372,014$0$0$10,582,649
92$15,724,489$0$0$11,580,329
93$17,211,343$0$0$12,677,197
94$18,846,169$0$0$13,883,290
95$20,643,944$0$0$15,209,664
96$22,621,170$0$0$16,668,502
97$24,796,026$0$0$18,273,227
98$27,188,543$0$0$20,038,626
99$29,820,793$0$0$21,980,994
100$32,717,090$0$0$24,118,285