Can I retire at age 55 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$68,541$67,930$67,334$66,753$66,185$65,658
2 years$33,931$33,299$32,687$32,093$31,517$30,985
3 years$22,396$21,761$21,150$20,562$19,996$19,476
4 years$16,630$15,997$15,392$14,814$14,261$13,758
5 years$13,171$12,542$11,945$11,378$10,841$10,356
6 years$10,865$10,241$9,653$9,099$8,578$8,111
7 years$9,220$8,601$8,022$7,481$6,976$6,528
8 years$7,986$7,372$6,803$6,276$5,788$5,358
9 years$7,026$6,419$5,860$5,346$4,874$4,463
10 years$6,260$5,658$5,109$4,608$4,153$3,760
11 years$5,633$5,037$4,497$4,010$3,572$3,196
12 years$5,110$4,521$3,991$3,518$3,095$2,737
13 years$4,669$4,086$3,566$3,105$2,699$2,358
14 years$4,291$3,714$3,204$2,757$2,366$2,042
15 years$3,963$3,393$2,893$2,458$2,083$1,775
16 years$3,677$3,113$2,623$2,201$1,841$1,549
17 years$3,425$2,867$2,387$1,978$1,632$1,356
18 years$3,201$2,649$2,179$1,782$1,451$1,190
19 years$3,001$2,455$1,995$1,611$1,294$1,046
20 years$2,821$2,281$1,830$1,459$1,156$922
21 years$2,658$2,125$1,684$1,324$1,034$814
22 years$2,511$1,983$1,552$1,204$927$719
23 years$2,376$1,855$1,433$1,096$832$636
24 years$2,253$1,738$1,325$1,000$748$564
25 years$2,140$1,631$1,227$913$673$500
26 years$2,036$1,533$1,138$835$606$444
27 years$1,939$1,443$1,057$764$547$394
28 years$1,850$1,359$983$700$493$350
29 years$1,767$1,283$914$642$445$312
30 years$1,690$1,211$852$589$402$277
31 years$1,617$1,145$794$541$364$247
32 years$1,550$1,083$741$497$329$220
33 years$1,486$1,026$692$457$298$196
34 years$1,427$972$646$421$270$175
35 years$1,371$922$604$387$244$156
36 years$1,318$875$565$357$221$139
37 years$1,268$831$529$329$201$124
38 years$1,221$790$495$303$182$111
39 years$1,177$751$464$279$165$99
40 years$1,135$715$435$258$150$88
41 years$1,095$680$408$238$136$79
42 years$1,057$648$383$219$123$70
43 years$1,021$617$359$203$112$63
44 years$986$589$337$187$101$56
45 years$953$561$317$173$92$50
46 years$922$535$297$160$84$45
47 years$892$511$279$147$76$40
48 years$864$488$262$136$69$36
49 years$836$466$247$126$63$32
50 years$810$445$232$116$57$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $830,000, adding $3,121 every year, while hoping to spend $56,554 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: 56/23/21 Blend
54$830,000$830,000$830,000$830,000
55$917,879$873,889$861,024$963,915
56$951,330$856,537$829,696$978,353
57$986,297$836,439$795,422$987,787
58$1,022,876$813,401$758,045$996,838
59$1,061,169$787,217$717,399$1,005,482
60$1,101,287$757,670$673,311$1,013,700
61$1,143,352$724,529$625,601$1,021,470
62$1,187,494$687,551$574,079$1,028,774
63$1,233,856$646,478$518,547$1,035,595
64$1,282,591$601,038$458,801$1,041,917
65$1,333,868$550,941$394,623$1,047,729
66$1,387,870$495,885$325,790$1,053,021
67$1,444,795$435,545$252,067$1,057,787
68$1,504,860$369,583$173,207$1,062,026
69$1,568,302$297,639$88,956$1,065,741
70$1,635,379$219,333$0$1,068,943
71$1,706,371$134,264$0$1,071,861
72$1,781,586$42,008$0$1,095,592
73$1,861,360$0$0$1,120,281
74$1,946,059$0$0$1,160,689
75$2,036,085$0$0$1,214,977
76$2,131,877$0$0$1,272,784
77$2,233,916$0$0$1,334,405
78$2,342,726$0$0$1,400,162
79$2,458,886$0$0$1,470,410
80$2,583,025$0$0$1,545,538
81$2,715,836$0$0$1,625,971
82$2,858,079$0$0$1,712,176
83$3,010,585$0$0$1,804,665
84$3,174,268$0$0$1,904,000
85$3,350,129$0$0$2,010,798
86$3,539,269$0$0$2,125,736
87$3,742,895$0$0$2,249,558
88$3,962,333$0$0$2,383,080
89$4,199,041$0$0$2,527,199
90$4,454,618$0$0$2,682,901
91$4,730,823$0$0$2,851,269
92$5,029,588$0$0$3,033,494
93$5,353,039$0$0$3,230,886
94$5,703,510$0$0$3,444,882
95$6,083,570$0$0$3,677,067
96$6,496,043$0$0$3,929,179
97$6,944,034$0$0$4,203,134
98$7,430,960$0$0$4,501,038
99$7,960,580$0$0$4,825,207
100$8,537,028$0$0$5,178,190