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%19.7%
1 years$68,623$68,012$67,416$66,833$66,265$63,686
2 years$33,972$33,339$32,726$32,131$31,555$28,988
3 years$22,423$21,788$21,176$20,587$20,020$17,545
4 years$16,650$16,016$15,411$14,832$14,278$11,915
5 years$13,187$12,557$11,959$11,392$10,854$8,609
6 years$10,879$10,254$9,665$9,110$8,588$6,462
7 years$9,231$8,611$8,032$7,490$6,985$4,977
8 years$7,995$7,381$6,811$6,283$5,794$3,903
9 years$7,035$6,427$5,867$5,352$4,880$3,102
10 years$6,267$5,665$5,115$4,613$4,158$2,490
11 years$5,639$5,043$4,503$4,015$3,576$2,014
12 years$5,117$4,526$3,996$3,522$3,099$1,640
13 years$4,674$4,090$3,570$3,109$2,702$1,341
14 years$4,296$3,718$3,208$2,760$2,369$1,101
15 years$3,968$3,397$2,896$2,461$2,086$907
16 years$3,682$3,116$2,626$2,204$1,843$748
17 years$3,429$2,870$2,390$1,980$1,634$619
18 years$3,205$2,652$2,181$1,785$1,453$513
19 years$3,004$2,458$1,997$1,613$1,295$426
20 years$2,824$2,284$1,833$1,460$1,157$354
21 years$2,662$2,127$1,686$1,325$1,035$294
22 years$2,514$1,986$1,554$1,205$928$245
23 years$2,379$1,857$1,435$1,098$833$204
24 years$2,256$1,740$1,327$1,001$749$170
25 years$2,142$1,633$1,229$914$674$142
26 years$2,038$1,535$1,140$836$607$118
27 years$1,942$1,444$1,058$765$547$98
28 years$1,852$1,361$984$701$494$82
29 years$1,769$1,284$915$643$446$69
30 years$1,692$1,213$853$590$403$57
31 years$1,619$1,146$795$542$364$48
32 years$1,552$1,085$742$498$329$40
33 years$1,488$1,027$693$458$298$33
34 years$1,429$974$647$421$270$28
35 years$1,373$923$605$388$244$23
36 years$1,320$876$566$357$222$19
37 years$1,270$832$530$329$201$16
38 years$1,223$791$496$303$182$14
39 years$1,178$752$465$280$165$11
40 years$1,136$716$436$258$150$9
41 years$1,096$681$408$238$136$8
42 years$1,058$649$383$220$123$7
43 years$1,022$618$360$203$112$6
44 years$987$589$337$187$102$5
45 years$955$562$317$173$92$4
46 years$923$536$298$160$84$3
47 years$893$512$280$148$76$3
48 years$865$488$263$136$69$2
49 years$837$466$247$126$63$2
50 years$811$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $831,000, adding $5,385 every year, while hoping to spend $49,544 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: 48/38/14 Blend
54$831,000$831,000$831,000$831,000
55$921,317$877,274$864,393$961,706
56$962,576$867,546$840,636$980,427
57$1,006,384$855,680$814,422$995,197
58$1,052,948$841,521$785,618$1,010,139
59$1,102,494$824,901$754,081$1,025,286
60$1,155,271$805,644$719,666$1,040,680
61$1,211,552$783,564$682,218$1,056,366
62$1,271,635$758,463$641,577$1,072,401
63$1,335,846$730,132$597,574$1,088,850
64$1,404,543$698,349$550,033$1,105,790
65$1,478,119$662,881$498,772$1,123,307
66$1,557,005$623,480$443,599$1,141,504
67$1,641,673$579,884$384,313$1,160,498
68$1,732,642$531,816$320,705$1,180,421
69$1,830,480$478,984$252,557$1,201,427
70$1,935,812$421,077$179,642$1,223,690
71$2,049,325$357,770$101,720$1,247,410
72$2,171,772$288,717$18,543$1,272,810
73$2,303,982$213,553$0$1,300,146
74$2,446,863$131,892$0$1,340,196
75$2,601,417$43,329$0$1,386,435
76$2,768,742$0$0$1,436,500
77$2,950,046$0$0$1,512,830
78$3,146,658$0$0$1,615,330
79$3,360,039$0$0$1,726,653
80$3,591,797$0$0$1,847,647
81$3,843,699$0$0$1,979,247
82$4,117,689$0$0$2,122,478
83$4,415,907$0$0$2,278,472
84$4,740,706$0$0$2,448,471
85$5,094,679$0$0$2,633,844
86$5,480,674$0$0$2,836,097
87$5,901,831$0$0$3,056,889
88$6,361,603$0$0$3,298,045
89$6,863,792$0$0$3,561,572
90$7,412,583$0$0$3,849,684
91$8,012,585$0$0$4,164,816
92$8,668,870$0$0$4,509,649
93$9,387,025$0$0$4,887,135
94$10,173,200$0$0$5,300,526
95$11,034,169$0$0$5,753,403
96$11,977,391$0$0$6,249,708
97$13,011,081$0$0$6,793,784
98$14,144,284$0$0$7,390,413
99$15,386,966$0$0$8,044,865
100$16,750,100$0$0$8,762,940