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%14.6%
1 years$68,375$67,766$67,172$66,592$66,026$64,772
2 years$33,849$33,219$32,608$32,015$31,441$30,183
3 years$22,342$21,709$21,099$20,513$19,947$18,724
4 years$16,590$15,958$15,355$14,778$14,227$13,047
5 years$13,139$12,512$11,916$11,351$10,815$9,683
6 years$10,839$10,217$9,630$9,078$8,557$7,474
7 years$9,197$8,580$8,003$7,463$6,959$5,926
8 years$7,966$7,355$6,787$6,261$5,774$4,788
9 years$7,010$6,403$5,845$5,333$4,862$3,925
10 years$6,244$5,644$5,096$4,597$4,143$3,253
11 years$5,619$5,025$4,487$4,001$3,563$2,719
12 years$5,098$4,510$3,982$3,509$3,088$2,289
13 years$4,658$4,076$3,557$3,098$2,692$1,938
14 years$4,280$3,705$3,196$2,750$2,360$1,648
15 years$3,954$3,384$2,886$2,453$2,078$1,407
16 years$3,668$3,105$2,617$2,196$1,837$1,205
17 years$3,417$2,860$2,381$1,973$1,628$1,034
18 years$3,193$2,642$2,173$1,778$1,448$890
19 years$2,994$2,449$1,990$1,607$1,291$768
20 years$2,814$2,276$1,826$1,455$1,153$663
21 years$2,652$2,120$1,680$1,321$1,032$573
22 years$2,505$1,979$1,548$1,201$925$496
23 years$2,370$1,851$1,429$1,094$830$430
24 years$2,248$1,734$1,322$997$746$373
25 years$2,135$1,627$1,224$911$671$324
26 years$2,031$1,529$1,136$833$605$282
27 years$1,935$1,439$1,054$762$545$245
28 years$1,845$1,356$980$698$492$213
29 years$1,763$1,279$912$641$444$185
30 years$1,685$1,208$850$588$401$161
31 years$1,613$1,142$792$540$363$140
32 years$1,546$1,081$739$496$328$122
33 years$1,483$1,024$690$456$297$107
34 years$1,423$970$645$420$269$93
35 years$1,368$920$603$386$244$81
36 years$1,315$873$564$356$221$71
37 years$1,265$829$528$328$200$61
38 years$1,218$788$494$302$181$54
39 years$1,174$750$463$279$164$47
40 years$1,132$713$434$257$149$41
41 years$1,092$679$407$237$135$36
42 years$1,054$647$382$219$123$31
43 years$1,018$616$358$202$111$27
44 years$984$587$336$187$101$24
45 years$951$560$316$172$92$21
46 years$920$534$297$159$83$18
47 years$890$510$279$147$76$16
48 years$862$487$262$136$69$14
49 years$834$465$246$126$62$12
50 years$808$444$231$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $828,000, adding $5,238 every year, while hoping to spend $53,610 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: 55/38/7 Blend
54$828,000$828,000$828,000$828,000
55$917,859$873,975$861,141$966,581
56$954,440$859,759$832,949$985,859
57$992,955$843,050$802,015$1,000,443
58$1,033,546$823,669$768,192$1,015,015
59$1,076,365$801,426$731,324$1,029,581
60$1,121,580$776,121$691,248$1,044,152
61$1,169,373$747,542$647,797$1,058,740
62$1,219,942$715,465$600,791$1,073,365
63$1,273,505$679,652$550,046$1,088,049
64$1,330,299$639,851$495,369$1,102,823
65$1,390,583$595,798$436,558$1,117,723
66$1,454,641$547,210$373,401$1,132,795
67$1,522,783$493,792$305,679$1,148,091
68$1,595,348$435,229$233,160$1,163,677
69$1,672,707$371,189$155,605$1,179,627
70$1,755,268$301,323$72,763$1,196,031
71$1,843,477$225,259$0$1,212,993
72$1,937,822$142,607$0$1,231,802
73$2,038,839$52,954$0$1,257,305
74$2,147,115$0$0$1,284,243
75$2,263,296$0$0$1,331,281
76$2,388,088$0$0$1,405,641
77$2,522,267$0$0$1,485,652
78$2,666,687$0$0$1,571,827
79$2,822,283$0$0$1,664,733
80$2,990,083$0$0$1,764,992
81$3,171,216$0$0$1,873,287
82$3,366,923$0$0$1,990,369
83$3,578,568$0$0$2,117,061
84$3,807,649$0$0$2,254,273
85$4,055,815$0$0$2,402,999
86$4,324,878$0$0$2,564,338
87$4,616,828$0$0$2,739,495
88$4,933,859$0$0$2,929,796
89$5,278,379$0$0$3,136,700
90$5,653,039$0$0$3,361,812
91$6,060,758$0$0$3,606,899
92$6,504,744$0$0$3,873,903
93$6,988,529$0$0$4,164,964
94$7,515,999$0$0$4,482,434
95$8,091,433$0$0$4,828,904
96$8,719,538$0$0$5,207,226
97$9,405,497$0$0$5,620,539
98$10,155,016$0$0$6,072,298
99$10,974,375$0$0$6,566,308
100$11,870,492$0$0$7,106,759