Can I retire at age 55 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$68,623$68,012$67,416$66,833$66,265$65,329
2 years$33,972$33,339$32,726$32,131$31,555$30,613
3 years$22,423$21,788$21,176$20,587$20,020$19,102
4 years$16,650$16,016$15,411$14,832$14,278$13,392
5 years$13,187$12,557$11,959$11,392$10,854$10,001
6 years$10,879$10,254$9,665$9,110$8,588$7,771
7 years$9,231$8,611$8,032$7,490$6,985$6,202
8 years$7,995$7,381$6,811$6,283$5,794$5,047
9 years$7,035$6,427$5,867$5,352$4,880$4,166
10 years$6,267$5,665$5,115$4,613$4,158$3,478
11 years$5,639$5,043$4,503$4,015$3,576$2,930
12 years$5,117$4,526$3,996$3,522$3,099$2,485
13 years$4,674$4,090$3,570$3,109$2,702$2,121
14 years$4,296$3,718$3,208$2,760$2,369$1,818
15 years$3,968$3,397$2,896$2,461$2,086$1,565
16 years$3,682$3,116$2,626$2,204$1,843$1,351
17 years$3,429$2,870$2,390$1,980$1,634$1,170
18 years$3,205$2,652$2,181$1,785$1,453$1,016
19 years$3,004$2,458$1,997$1,613$1,295$884
20 years$2,824$2,284$1,833$1,460$1,157$770
21 years$2,662$2,127$1,686$1,325$1,035$672
22 years$2,514$1,986$1,554$1,205$928$587
23 years$2,379$1,857$1,435$1,098$833$514
24 years$2,256$1,740$1,327$1,001$749$450
25 years$2,142$1,633$1,229$914$674$394
26 years$2,038$1,535$1,140$836$607$346
27 years$1,942$1,444$1,058$765$547$304
28 years$1,852$1,361$984$701$494$267
29 years$1,769$1,284$915$643$446$234
30 years$1,692$1,213$853$590$403$206
31 years$1,619$1,146$795$542$364$181
32 years$1,552$1,085$742$498$329$159
33 years$1,488$1,027$693$458$298$140
34 years$1,429$974$647$421$270$123
35 years$1,373$923$605$388$244$109
36 years$1,320$876$566$357$222$96
37 years$1,270$832$530$329$201$84
38 years$1,223$791$496$303$182$74
39 years$1,178$752$465$280$165$65
40 years$1,136$716$436$258$150$58
41 years$1,096$681$408$238$136$51
42 years$1,058$649$383$220$123$45
43 years$1,022$618$360$203$112$39
44 years$987$589$337$187$102$35
45 years$955$562$317$173$92$31
46 years$923$536$298$160$84$27
47 years$893$512$280$148$76$24
48 years$865$488$263$136$69$21
49 years$837$466$247$126$63$18
50 years$811$445$232$116$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $831,000, adding $6,281 every year, while hoping to spend $26,493 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: 69/10/21 Blend
54$831,000$831,000$831,000$831,000
55$922,241$878,198$865,317$980,647
56$988,121$893,041$866,117$1,035,326
57$1,059,833$907,724$866,056$1,091,454
58$1,137,944$922,210$865,076$1,152,230
59$1,223,077$936,462$863,120$1,218,112
60$1,315,920$950,437$860,123$1,289,603
61$1,417,227$964,092$856,020$1,367,260
62$1,527,830$977,378$850,743$1,451,695
63$1,648,646$990,247$844,220$1,543,583
64$1,780,682$1,002,643$836,375$1,643,668
65$1,925,047$1,014,508$827,129$1,752,773
66$2,082,964$1,025,781$816,400$1,871,800
67$2,255,777$1,036,395$804,101$2,001,747
68$2,444,968$1,046,281$790,140$2,143,715
69$2,652,169$1,055,362$774,424$2,298,913
70$2,879,175$1,063,560$756,852$2,468,680
71$3,127,966$1,070,789$737,321$2,654,487
72$3,400,718$1,076,958$715,721$2,857,959
73$3,699,834$1,081,971$691,940$3,080,885
74$4,027,954$1,085,725$665,858$3,325,238
75$4,387,991$1,088,111$637,350$3,593,194
76$4,783,152$1,089,014$606,286$3,887,150
77$5,216,967$1,088,309$572,531$4,209,751
78$5,693,329$1,085,868$535,942$4,563,910
79$6,216,523$1,081,549$496,370$4,952,839
80$6,791,270$1,075,208$453,660$5,380,080
81$7,422,773$1,066,686$407,651$5,849,536
82$8,116,761$1,055,819$358,173$6,365,511
83$8,879,547$1,042,430$305,048$6,932,748
84$9,718,086$1,026,334$248,092$7,556,475
85$10,640,039$1,007,333$187,112$8,242,456
86$11,653,850$985,219$121,906$8,997,045
87$12,768,817$959,769$52,265$9,827,245
88$13,995,189$930,751$0$10,740,776
89$15,344,255$897,914$0$11,751,088
90$16,828,455$860,998$0$12,875,439
91$18,461,495$819,724$0$14,112,497
92$20,258,476$773,799$0$15,473,713
93$22,236,036$722,911$0$16,971,707
94$24,412,511$666,733$0$18,620,385
95$26,808,101$604,917$0$20,435,070
96$29,445,064$537,095$0$22,432,649
97$32,347,928$462,879$0$24,631,730
98$35,543,717$381,861$0$27,052,818
99$39,062,210$293,606$0$29,718,512
100$42,936,220$197,657$0$32,653,712