Can I retire at age 55 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$68,045$67,439$66,848$66,271$65,707$64,672
2 years$33,686$33,058$32,450$31,861$31,289$30,249
3 years$22,234$21,604$20,998$20,414$19,851$18,838
4 years$16,509$15,881$15,281$14,707$14,158$13,180
5 years$13,075$12,451$11,859$11,296$10,763$9,823
6 years$10,787$10,167$9,583$9,034$8,516$7,615
7 years$9,153$8,538$7,964$7,427$6,926$6,064
8 years$7,928$7,319$6,754$6,230$5,746$4,923
9 years$6,976$6,373$5,817$5,307$4,839$4,055
10 years$6,214$5,617$5,072$4,575$4,123$3,377
11 years$5,592$5,001$4,465$3,981$3,546$2,837
12 years$5,073$4,488$3,963$3,492$3,073$2,401
13 years$4,635$4,056$3,540$3,083$2,679$2,043
14 years$4,260$3,687$3,181$2,737$2,349$1,747
15 years$3,935$3,368$2,872$2,441$2,068$1,499
16 years$3,651$3,090$2,604$2,185$1,828$1,291
17 years$3,400$2,846$2,369$1,964$1,621$1,115
18 years$3,178$2,630$2,163$1,770$1,441$965
19 years$2,979$2,437$1,980$1,599$1,284$837
20 years$2,801$2,265$1,817$1,448$1,147$727
21 years$2,639$2,110$1,671$1,314$1,027$633
22 years$2,493$1,969$1,541$1,195$920$551
23 years$2,359$1,842$1,422$1,088$826$481
24 years$2,237$1,726$1,315$993$742$420
25 years$2,124$1,619$1,218$906$668$367
26 years$2,021$1,522$1,130$829$602$321
27 years$1,925$1,432$1,049$759$543$281
28 years$1,837$1,350$975$695$490$246
29 years$1,754$1,273$908$637$442$215
30 years$1,677$1,202$846$585$399$189
31 years$1,606$1,137$788$537$361$165
32 years$1,539$1,076$735$494$327$145
33 years$1,476$1,019$687$454$296$127
34 years$1,417$965$642$418$268$111
35 years$1,361$916$600$385$242$98
36 years$1,309$869$561$354$220$86
37 years$1,259$825$525$326$199$75
38 years$1,213$784$492$301$180$66
39 years$1,168$746$461$277$164$58
40 years$1,127$710$432$256$148$51
41 years$1,087$676$405$236$135$45
42 years$1,049$643$380$218$122$39
43 years$1,013$613$357$201$111$35
44 years$979$584$335$186$101$30
45 years$946$557$314$171$91$27
46 years$915$532$295$158$83$23
47 years$886$507$277$146$75$21
48 years$857$484$261$135$68$18
49 years$830$462$245$125$62$16
50 years$805$442$230$116$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $824,000, adding $3,746 every year, while hoping to spend $25,341 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: 50/27/23 Blend
54$824,000$824,000$824,000$824,000
55$911,912$868,240$855,468$951,446
56$977,964$883,821$857,164$994,875
57$1,049,905$899,316$858,067$1,039,178
58$1,128,307$914,695$858,124$1,086,810
59$1,213,803$929,923$857,279$1,138,096
60$1,307,087$944,966$855,474$1,193,394
61$1,408,924$959,784$852,647$1,253,100
62$1,520,157$974,336$848,734$1,317,652
63$1,641,713$988,578$843,666$1,387,533
64$1,774,613$1,002,463$837,374$1,463,273
65$1,919,979$1,015,940$829,782$1,545,461
66$2,079,050$1,028,954$820,813$1,634,744
67$2,253,189$1,041,448$810,385$1,731,837
68$2,443,894$1,053,360$798,414$1,837,530
69$2,652,820$1,064,623$784,809$1,952,693
70$2,881,785$1,075,166$769,477$2,078,285
71$3,132,793$1,084,915$752,321$2,215,368
72$3,408,051$1,093,790$733,237$2,365,110
73$3,709,991$1,101,704$712,119$2,528,801
74$4,041,290$1,108,567$688,855$2,707,864
75$4,404,897$1,114,283$663,327$2,903,869
76$4,804,061$1,118,747$635,412$3,118,547
77$5,242,360$1,121,850$604,984$3,353,810
78$5,723,737$1,123,477$571,907$3,611,764
79$6,252,534$1,123,503$536,041$3,894,734
80$6,833,535$1,121,797$497,241$4,205,284
81$7,472,010$1,118,220$455,353$4,546,242
82$8,173,765$1,112,623$410,218$4,920,728
83$8,945,197$1,104,850$361,668$5,332,182
84$9,793,353$1,094,733$309,530$5,784,398
85$10,725,997$1,082,097$253,621$6,281,562
86$11,751,683$1,066,754$193,752$6,828,288
87$12,879,835$1,048,506$129,723$7,429,666
88$14,120,838$1,027,142$61,328$8,091,310
89$15,486,131$1,002,440$0$8,819,408
90$16,988,321$974,164$0$9,623,647
91$18,641,296$942,064$0$10,524,941
92$20,460,360$905,877$0$11,516,579
93$22,462,375$865,323$0$12,607,773
94$24,665,919$820,106$0$13,808,675
95$27,091,465$769,913$0$15,130,478
96$29,761,570$714,414$0$16,585,514
97$32,701,088$653,259$0$18,187,381
98$35,937,409$586,078$0$19,951,064
99$39,500,709$512,481$0$21,893,080
100$43,424,244$432,054$0$24,031,634