Can I retire at age 55 with 828,000?

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 $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%11%
1 years$68,375$67,766$67,172$66,592$66,026$65,748
2 years$33,849$33,219$32,608$32,015$31,441$31,160
3 years$22,342$21,709$21,099$20,513$19,947$19,673
4 years$16,590$15,958$15,355$14,778$14,227$13,960
5 years$13,139$12,512$11,916$11,351$10,815$10,557
6 years$10,839$10,217$9,630$9,078$8,557$8,309
7 years$9,197$8,580$8,003$7,463$6,959$6,720
8 years$7,966$7,355$6,787$6,261$5,774$5,544
9 years$7,010$6,403$5,845$5,333$4,862$4,642
10 years$6,244$5,644$5,096$4,597$4,143$3,932
11 years$5,619$5,025$4,487$4,001$3,563$3,361
12 years$5,098$4,510$3,982$3,509$3,088$2,895
13 years$4,658$4,076$3,557$3,098$2,692$2,508
14 years$4,280$3,705$3,196$2,750$2,360$2,185
15 years$3,954$3,384$2,886$2,453$2,078$1,911
16 years$3,668$3,105$2,617$2,196$1,837$1,678
17 years$3,417$2,860$2,381$1,973$1,628$1,477
18 years$3,193$2,642$2,173$1,778$1,448$1,305
19 years$2,994$2,449$1,990$1,607$1,291$1,155
20 years$2,814$2,276$1,826$1,455$1,153$1,024
21 years$2,652$2,120$1,680$1,321$1,032$910
22 years$2,505$1,979$1,548$1,201$925$810
23 years$2,370$1,851$1,429$1,094$830$721
24 years$2,248$1,734$1,322$997$746$643
25 years$2,135$1,627$1,224$911$671$575
26 years$2,031$1,529$1,136$833$605$514
27 years$1,935$1,439$1,054$762$545$460
28 years$1,845$1,356$980$698$492$411
29 years$1,763$1,279$912$641$444$369
30 years$1,685$1,208$850$588$401$330
31 years$1,613$1,142$792$540$363$296
32 years$1,546$1,081$739$496$328$266
33 years$1,483$1,024$690$456$297$239
34 years$1,423$970$645$420$269$214
35 years$1,368$920$603$386$244$192
36 years$1,315$873$564$356$221$173
37 years$1,265$829$528$328$200$155
38 years$1,218$788$494$302$181$140
39 years$1,174$750$463$279$164$126
40 years$1,132$713$434$257$149$113
41 years$1,092$679$407$237$135$102
42 years$1,054$647$382$219$123$91
43 years$1,018$616$358$202$111$82
44 years$984$587$336$187$101$74
45 years$951$560$316$172$92$67
46 years$920$534$297$159$83$60
47 years$890$510$279$147$76$54
48 years$862$487$262$136$69$49
49 years$834$465$246$126$62$44
50 years$808$444$231$116$57$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $828,000, adding $6,584 every year, while hoping to spend $53,988 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: 76/7/17 Blend
54$828,000$828,000$828,000$828,000
55$919,247$875,363$862,529$985,120
56$955,568$860,813$833,981$1,015,020
57$993,783$843,741$802,667$1,040,428
58$1,034,031$823,966$768,438$1,066,832
59$1,076,458$801,296$731,137$1,094,314
60$1,121,227$775,530$690,600$1,122,966
61$1,168,514$746,452$646,657$1,152,892
62$1,218,511$713,837$599,129$1,184,203
63$1,271,428$677,444$547,829$1,217,026
64$1,327,495$637,020$492,562$1,251,499
65$1,386,961$592,296$433,125$1,287,778
66$1,450,101$542,989$369,305$1,326,032
67$1,517,214$488,798$300,879$1,366,453
68$1,588,628$429,407$227,616$1,409,251
69$1,664,700$364,480$149,273$1,454,659
70$1,745,824$293,663$65,598$1,502,934
71$1,832,429$216,584$0$1,554,365
72$1,924,986$132,846$0$1,613,567
73$2,024,012$42,033$0$1,689,571
74$2,130,073$0$0$1,770,906
75$2,243,791$0$0$1,862,395
76$2,365,845$0$0$1,964,088
77$2,496,985$0$0$2,073,373
78$2,638,030$0$0$2,190,937
79$2,789,882$0$0$2,317,535
80$2,953,530$0$0$2,453,993
81$3,130,061$0$0$2,601,223
82$3,320,670$0$0$2,760,223
83$3,526,668$0$0$2,932,092
84$3,749,497$0$0$3,118,037
85$3,990,743$0$0$3,319,385
86$4,252,148$0$0$3,537,594
87$4,535,629$0$0$3,774,269
88$4,843,291$0$0$4,031,174
89$5,177,454$0$0$4,310,249
90$5,540,666$0$0$4,613,628
91$5,935,732$0$0$4,943,660
92$6,365,737$0$0$5,302,927
93$6,834,076$0$0$5,694,272
94$7,344,485$0$0$6,120,824
95$7,901,076$0$0$6,586,025
96$8,508,374$0$0$7,093,663
97$9,171,361$0$0$7,647,911
98$9,895,518$0$0$8,253,359
99$10,686,883$0$0$8,915,061
100$11,552,100$0$0$9,638,583