Can I retire at age 55 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$68,375$67,766$67,172$66,592$66,026$63,938
2 years$33,849$33,219$32,608$32,015$31,441$29,356
3 years$22,342$21,709$21,099$20,513$19,947$17,931
4 years$16,590$15,958$15,355$14,778$14,227$12,295
5 years$13,139$12,512$11,916$11,351$10,815$8,972
6 years$10,839$10,217$9,630$9,078$8,557$6,806
7 years$9,197$8,580$8,003$7,463$6,959$5,299
8 years$7,966$7,355$6,787$6,261$5,774$4,202
9 years$7,010$6,403$5,845$5,333$4,862$3,379
10 years$6,244$5,644$5,096$4,597$4,143$2,745
11 years$5,619$5,025$4,487$4,001$3,563$2,248
12 years$5,098$4,510$3,982$3,509$3,088$1,853
13 years$4,658$4,076$3,557$3,098$2,692$1,536
14 years$4,280$3,705$3,196$2,750$2,360$1,277
15 years$3,954$3,384$2,886$2,453$2,078$1,066
16 years$3,668$3,105$2,617$2,196$1,837$893
17 years$3,417$2,860$2,381$1,973$1,628$749
18 years$3,193$2,642$2,173$1,778$1,448$629
19 years$2,994$2,449$1,990$1,607$1,291$530
20 years$2,814$2,276$1,826$1,455$1,153$447
21 years$2,652$2,120$1,680$1,321$1,032$377
22 years$2,505$1,979$1,548$1,201$925$318
23 years$2,370$1,851$1,429$1,094$830$269
24 years$2,248$1,734$1,322$997$746$228
25 years$2,135$1,627$1,224$911$671$193
26 years$2,031$1,529$1,136$833$605$163
27 years$1,935$1,439$1,054$762$545$138
28 years$1,845$1,356$980$698$492$117
29 years$1,763$1,279$912$641$444$99
30 years$1,685$1,208$850$588$401$84
31 years$1,613$1,142$792$540$363$71
32 years$1,546$1,081$739$496$328$61
33 years$1,483$1,024$690$456$297$51
34 years$1,423$970$645$420$269$44
35 years$1,368$920$603$386$244$37
36 years$1,315$873$564$356$221$31
37 years$1,265$829$528$328$200$27
38 years$1,218$788$494$302$181$23
39 years$1,174$750$463$279$164$19
40 years$1,132$713$434$257$149$16
41 years$1,092$679$407$237$135$14
42 years$1,054$647$382$219$123$12
43 years$1,018$616$358$202$111$10
44 years$984$587$336$187$101$8
45 years$951$560$316$172$92$7
46 years$920$534$297$159$83$6
47 years$890$510$279$147$76$5
48 years$862$487$262$136$69$4
49 years$834$465$246$126$62$4
50 years$808$444$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $828,000, adding $6,100 every year, while hoping to spend $55,660 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: 64/28/8 Blend
54$828,000$828,000$828,000$828,000
55$918,748$874,864$862,030$975,699
56$953,239$858,511$831,686$998,063
57$989,382$839,490$798,461$1,015,373
58$1,027,287$817,614$762,197$1,032,840
59$1,067,074$792,681$722,735$1,050,477
60$1,108,872$764,478$679,902$1,068,298
61$1,152,821$732,782$633,524$1,086,323
62$1,199,075$697,354$583,412$1,104,573
63$1,247,799$657,943$529,376$1,123,078
64$1,299,176$614,284$471,211$1,141,869
65$1,353,402$566,094$408,707$1,160,987
66$1,410,693$513,077$341,643$1,180,478
67$1,471,284$454,918$269,788$1,200,396
68$1,535,431$391,285$192,902$1,220,805
69$1,603,415$321,828$110,734$1,241,779
70$1,675,542$246,175$23,022$1,263,403
71$1,752,145$163,936$0$1,285,777
72$1,833,591$74,697$0$1,315,038
73$1,920,281$0$0$1,347,780
74$2,012,653$0$0$1,388,981
75$2,111,186$0$0$1,457,514
76$2,216,407$0$0$1,530,733
77$2,328,892$0$0$1,609,044
78$2,449,272$0$0$1,692,891
79$2,578,241$0$0$1,782,762
80$2,716,556$0$0$1,879,192
81$2,865,054$0$0$1,982,767
82$3,024,647$0$0$2,094,131
83$3,196,340$0$0$2,213,991
84$3,381,237$0$0$2,343,125
85$3,580,547$0$0$2,482,384
86$3,795,602$0$0$2,632,706
87$4,027,861$0$0$2,795,120
88$4,278,932$0$0$2,970,758
89$4,550,580$0$0$3,160,862
90$4,844,745$0$0$3,366,801
91$5,163,559$0$0$3,590,076
92$5,509,369$0$0$3,832,341
93$5,884,754$0$0$4,095,413
94$6,292,551$0$0$4,381,292
95$6,735,882$0$0$4,692,178
96$7,218,179$0$0$5,030,489
97$7,743,220$0$0$5,398,890
98$8,315,163$0$0$5,800,308
99$8,938,580$0$0$6,237,970
100$9,618,508$0$0$6,715,423