Can I retire at age 55 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,458$67,848$67,253$66,673$66,106$65,280
2 years$33,890$33,259$32,647$32,054$31,479$30,648
3 years$22,369$21,735$21,125$20,537$19,971$19,161
4 years$16,610$15,978$15,374$14,796$14,244$13,460
5 years$13,155$12,527$11,930$11,365$10,828$10,074
6 years$10,852$10,229$9,642$9,089$8,568$7,844
7 years$9,208$8,590$8,012$7,472$6,968$6,274
8 years$7,976$7,363$6,795$6,268$5,781$5,117
9 years$7,018$6,411$5,853$5,339$4,868$4,235
10 years$6,252$5,651$5,102$4,602$4,148$3,544
11 years$5,626$5,031$4,492$4,005$3,567$2,993
12 years$5,104$4,515$3,987$3,513$3,091$2,545
13 years$4,663$4,081$3,562$3,102$2,696$2,177
14 years$4,286$3,709$3,200$2,753$2,363$1,871
15 years$3,959$3,388$2,889$2,456$2,081$1,615
16 years$3,673$3,109$2,620$2,199$1,839$1,399
17 years$3,421$2,863$2,384$1,975$1,630$1,215
18 years$3,197$2,646$2,176$1,780$1,450$1,058
19 years$2,997$2,452$1,992$1,609$1,292$923
20 years$2,818$2,278$1,828$1,457$1,154$806
21 years$2,655$2,122$1,682$1,322$1,033$706
22 years$2,508$1,981$1,550$1,202$926$619
23 years$2,373$1,853$1,431$1,095$831$543
24 years$2,250$1,736$1,323$999$747$477
25 years$2,137$1,629$1,226$912$672$419
26 years$2,033$1,531$1,137$834$605$369
27 years$1,937$1,441$1,056$763$546$325
28 years$1,848$1,358$981$699$493$286
29 years$1,765$1,281$913$641$445$252
30 years$1,687$1,210$851$589$402$223
31 years$1,615$1,144$793$541$363$196
32 years$1,548$1,082$740$497$329$173
33 years$1,485$1,025$691$457$297$153
34 years$1,425$971$646$420$269$135
35 years$1,369$921$604$387$244$119
36 years$1,317$874$565$356$221$106
37 years$1,267$830$528$328$200$93
38 years$1,220$789$495$303$182$82
39 years$1,176$750$464$279$165$73
40 years$1,133$714$435$257$149$64
41 years$1,093$680$407$237$136$57
42 years$1,055$647$382$219$123$50
43 years$1,019$617$359$202$112$45
44 years$985$588$337$187$101$39
45 years$952$561$316$173$92$35
46 years$921$535$297$159$83$31
47 years$891$510$279$147$76$27
48 years$863$487$262$136$69$24
49 years$835$465$246$126$63$21
50 years$809$444$232$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $829,000, adding $6,721 every year, while hoping to spend $45,712 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: 68/24/8 Blend
54$829,000$829,000$829,000$829,000
55$920,491$876,554$863,704$981,290
56$965,744$870,868$844,001$1,016,797
57$1,014,080$863,371$822,106$1,049,449
58$1,065,767$853,926$797,897$1,083,934
59$1,121,095$842,389$771,247$1,120,424
60$1,180,386$828,605$742,022$1,159,108
61$1,243,989$812,411$710,084$1,200,198
62$1,312,292$793,634$675,287$1,243,926
63$1,385,715$772,092$637,479$1,290,552
64$1,464,725$747,591$596,501$1,340,362
65$1,549,829$719,926$552,187$1,393,672
66$1,641,589$688,880$504,363$1,450,832
67$1,740,620$654,223$452,847$1,512,232
68$1,847,596$615,714$397,451$1,578,302
69$1,963,262$573,094$337,976$1,649,516
70$2,088,432$526,093$274,216$1,726,401
71$2,224,005$474,425$205,955$1,809,540
72$2,370,966$417,784$132,967$1,899,577
73$2,530,401$355,852$55,018$1,997,225
74$2,703,503$288,290$0$2,103,273
75$2,891,583$214,739$0$2,220,998
76$3,096,086$134,823$0$2,354,128
77$3,318,600$48,142$0$2,499,051
78$3,560,871$0$0$2,656,971
79$3,824,823$0$0$2,841,292
80$4,112,571$0$0$3,056,135
81$4,426,445$0$0$3,290,531
82$4,769,007$0$0$3,546,400
83$5,143,079$0$0$3,825,854
84$5,551,767$0$0$4,131,221
85$5,998,490$0$0$4,465,062
86$6,487,012$0$0$4,830,198
87$7,021,479$0$0$5,229,732
88$7,606,455$0$0$5,667,085
89$8,246,965$0$0$6,146,022
90$8,948,543$0$0$6,670,688
91$9,717,285$0$0$7,245,650
92$10,559,902$0$0$7,875,937
93$11,483,787$0$0$8,567,086
94$12,497,081$0$0$9,325,199
95$13,608,753$0$0$10,156,993
96$14,828,680$0$0$11,069,871
97$16,167,742$0$0$12,071,983
98$17,637,925$0$0$13,172,309
99$19,252,430$0$0$14,380,742
100$21,025,800$0$0$15,708,178