Can I retire at age 55 with 832,000?

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 $832,000?

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%
1 years$68,706$68,094$67,497$66,914$66,345$66,038
2 years$34,013$33,379$32,765$32,170$31,593$31,283
3 years$22,450$21,814$21,201$20,612$20,044$19,740
4 years$16,670$16,035$15,429$14,850$14,295$14,001
5 years$13,202$12,572$11,974$11,406$10,867$10,583
6 years$10,892$10,266$9,677$9,121$8,599$8,325
7 years$9,242$8,621$8,041$7,499$6,993$6,729
8 years$8,005$7,390$6,820$6,291$5,801$5,548
9 years$7,043$6,434$5,874$5,358$4,886$4,643
10 years$6,275$5,672$5,121$4,619$4,163$3,930
11 years$5,646$5,049$4,508$4,020$3,580$3,358
12 years$5,123$4,532$4,001$3,526$3,103$2,890
13 years$4,680$4,095$3,575$3,113$2,705$2,503
14 years$4,301$3,723$3,212$2,763$2,372$2,178
15 years$3,973$3,401$2,900$2,464$2,088$1,904
16 years$3,686$3,120$2,629$2,207$1,845$1,671
17 years$3,433$2,873$2,392$1,983$1,636$1,470
18 years$3,209$2,655$2,184$1,787$1,455$1,297
19 years$3,008$2,461$1,999$1,614$1,297$1,147
20 years$2,828$2,287$1,835$1,462$1,158$1,017
21 years$2,665$2,130$1,688$1,327$1,037$903
22 years$2,517$1,988$1,555$1,207$929$803
23 years$2,382$1,860$1,436$1,099$834$715
24 years$2,258$1,742$1,328$1,002$750$637
25 years$2,145$1,635$1,230$915$675$568
26 years$2,041$1,537$1,141$837$608$508
27 years$1,944$1,446$1,060$766$548$454
28 years$1,854$1,363$985$702$494$406
29 years$1,771$1,286$917$644$446$363
30 years$1,694$1,214$854$591$403$326
31 years$1,621$1,148$796$542$365$292
32 years$1,553$1,086$743$499$330$262
33 years$1,490$1,028$693$458$299$235
34 years$1,430$975$648$422$270$210
35 years$1,374$925$606$388$245$189
36 years$1,321$878$567$358$222$170
37 years$1,272$833$530$330$201$152
38 years$1,224$792$497$304$182$137
39 years$1,180$753$465$280$165$123
40 years$1,137$717$436$258$150$110
41 years$1,097$682$409$238$136$99
42 years$1,059$650$384$220$123$89
43 years$1,023$619$360$203$112$80
44 years$989$590$338$187$102$72
45 years$956$563$317$173$92$65
46 years$924$537$298$160$84$58
47 years$894$512$280$148$76$52
48 years$866$489$263$137$69$47
49 years$838$467$247$126$63$42
50 years$812$446$232$117$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $832,000, adding $4,537 every year, while hoping to spend $39,294 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: 48/26/26 Blend
54$832,000$832,000$832,000$832,000
55$921,544$877,448$864,552$958,759
56$973,733$878,634$851,706$986,510
57$1,029,928$878,562$837,113$1,012,387
58$1,090,497$877,128$820,672$1,039,712
59$1,155,842$874,222$802,279$1,068,641
60$1,226,408$869,728$781,825$1,099,347
61$1,302,680$863,523$759,195$1,132,024
62$1,385,194$855,476$734,268$1,166,886
63$1,474,538$845,449$706,921$1,204,174
64$1,571,359$833,294$677,021$1,244,154
65$1,676,368$818,856$644,431$1,287,123
66$1,790,346$801,969$609,009$1,333,412
67$1,914,155$782,459$570,604$1,383,387
68$2,048,740$760,140$529,060$1,437,457
69$2,195,142$734,817$484,214$1,496,075
70$2,354,505$706,283$435,894$1,559,744
71$2,528,091$674,317$383,923$1,629,024
72$2,717,286$638,687$328,113$1,704,533
73$2,923,615$599,149$268,271$1,786,962
74$3,148,758$555,442$204,193$1,877,072
75$3,394,565$507,292$135,667$1,975,709
76$3,663,069$454,408$62,471$2,083,813
77$3,956,513$396,485$0$2,202,421
78$4,277,361$333,197$0$2,337,027
79$4,628,331$264,202$0$2,503,341
80$5,012,412$189,139$0$2,685,499
81$5,432,897$107,626$0$2,885,137
82$5,893,412$19,259$0$3,104,063
83$6,397,949$0$0$3,344,271
84$6,950,907$0$0$3,629,821
85$7,557,128$0$0$3,949,009
86$8,221,947$0$0$4,299,147
87$8,951,237$0$0$4,683,339
88$9,751,471$0$0$5,105,008
89$10,629,775$0$0$5,567,923
90$11,594,002$0$0$6,076,234
91$12,652,800$0$0$6,634,515
92$13,815,695$0$0$7,247,803
93$15,093,184$0$0$7,921,649
94$16,496,827$0$0$8,662,166
95$18,039,363$0$0$9,476,090
96$19,734,823$0$0$10,370,841
97$21,598,666$0$0$11,354,594
98$23,647,924$0$0$12,436,357
99$25,901,362$0$0$13,626,054
100$28,379,653$0$0$14,934,616