Can I retire at age 55 with 824,000?

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 $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%19.6%
1 years$68,045$67,439$66,848$66,271$65,707$63,175
2 years$33,686$33,058$32,450$31,861$31,289$28,768
3 years$22,234$21,604$20,998$20,414$19,851$17,421
4 years$16,509$15,881$15,281$14,707$14,158$11,837
5 years$13,075$12,451$11,859$11,296$10,763$8,556
6 years$10,787$10,167$9,583$9,034$8,516$6,426
7 years$9,153$8,538$7,964$7,427$6,926$4,952
8 years$7,928$7,319$6,754$6,230$5,746$3,886
9 years$6,976$6,373$5,817$5,307$4,839$3,090
10 years$6,214$5,617$5,072$4,575$4,123$2,482
11 years$5,592$5,001$4,465$3,981$3,546$2,009
12 years$5,073$4,488$3,963$3,492$3,073$1,637
13 years$4,635$4,056$3,540$3,083$2,679$1,339
14 years$4,260$3,687$3,181$2,737$2,349$1,100
15 years$3,935$3,368$2,872$2,441$2,068$907
16 years$3,651$3,090$2,604$2,185$1,828$749
17 years$3,400$2,846$2,369$1,964$1,621$620
18 years$3,178$2,630$2,163$1,770$1,441$514
19 years$2,979$2,437$1,980$1,599$1,284$427
20 years$2,801$2,265$1,817$1,448$1,147$355
21 years$2,639$2,110$1,671$1,314$1,027$296
22 years$2,493$1,969$1,541$1,195$920$246
23 years$2,359$1,842$1,422$1,088$826$205
24 years$2,237$1,726$1,315$993$742$171
25 years$2,124$1,619$1,218$906$668$143
26 years$2,021$1,522$1,130$829$602$119
27 years$1,925$1,432$1,049$759$543$99
28 years$1,837$1,350$975$695$490$83
29 years$1,754$1,273$908$637$442$69
30 years$1,677$1,202$846$585$399$58
31 years$1,606$1,137$788$537$361$48
32 years$1,539$1,076$735$494$327$40
33 years$1,476$1,019$687$454$296$34
34 years$1,417$965$642$418$268$28
35 years$1,361$916$600$385$242$24
36 years$1,309$869$561$354$220$20
37 years$1,259$825$525$326$199$16
38 years$1,213$784$492$301$180$14
39 years$1,168$746$461$277$164$12
40 years$1,127$710$432$256$148$10
41 years$1,087$676$405$236$135$8
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$6
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$3
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$2
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $824,000, adding $6,931 every year, while hoping to spend $44,927 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: 49/29/22 Blend
54$824,000$824,000$824,000$824,000
55$915,197$871,525$858,753$954,058
56$960,745$866,428$839,720$976,707
57$1,009,434$859,575$818,542$996,206
58$1,061,535$850,834$795,103$1,016,462
59$1,117,349$840,061$769,276$1,037,565
60$1,177,203$827,109$740,931$1,059,618
61$1,241,457$811,817$709,932$1,082,736
62$1,310,507$794,017$676,136$1,107,049
63$1,384,786$773,532$639,394$1,132,702
64$1,464,771$750,172$599,550$1,159,861
65$1,550,985$723,737$556,442$1,188,709
66$1,644,002$694,016$509,899$1,219,455
67$1,744,453$660,786$459,744$1,252,331
68$1,853,032$623,810$405,791$1,287,597
69$1,970,502$582,837$347,845$1,325,546
70$2,097,700$537,603$285,705$1,366,502
71$2,235,548$487,828$219,159$1,410,831
72$2,385,059$433,217$147,985$1,458,939
73$2,547,347$373,456$71,955$1,511,281
74$2,723,637$308,216$0$1,568,364
75$2,915,277$237,147$0$1,632,907
76$3,123,749$159,882$0$1,721,551
77$3,350,687$76,031$0$1,818,148
78$3,597,883$0$0$1,923,542
79$3,867,315$0$0$2,043,397
80$4,161,156$0$0$2,200,651
81$4,481,798$0$0$2,372,334
82$4,831,877$0$0$2,559,865
83$5,214,292$0$0$2,764,810
84$5,632,233$0$0$2,988,890
85$6,089,217$0$0$3,234,001
86$6,589,111$0$0$3,502,231
87$7,136,177$0$0$3,795,880
88$7,735,105$0$0$4,117,477
89$8,391,062$0$0$4,469,812
90$9,109,736$0$0$4,855,954
91$9,897,392$0$0$5,279,284
92$10,760,931$0$0$5,743,527
93$11,707,952$0$0$6,252,784
94$12,746,826$0$0$6,811,572
95$13,886,771$0$0$7,424,869
96$15,137,944$0$0$8,098,156
97$16,511,529$0$0$8,837,469
98$18,019,851$0$0$9,649,462
99$19,676,482$0$0$10,541,462
100$21,496,375$0$0$11,521,539