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%18.6%
1 years$68,706$68,094$67,497$66,914$66,345$64,042
2 years$34,013$33,379$32,765$32,170$31,593$29,296
3 years$22,450$21,814$21,201$20,612$20,044$17,826
4 years$16,670$16,035$15,429$14,850$14,295$12,173
5 years$13,202$12,572$11,974$11,406$10,867$8,846
6 years$10,892$10,266$9,677$9,121$8,599$6,681
7 years$9,242$8,621$8,041$7,499$6,993$5,178
8 years$8,005$7,390$6,820$6,291$5,801$4,087
9 years$7,043$6,434$5,874$5,358$4,886$3,270
10 years$6,275$5,672$5,121$4,619$4,163$2,643
11 years$5,646$5,049$4,508$4,020$3,580$2,154
12 years$5,123$4,532$4,001$3,526$3,103$1,766
13 years$4,680$4,095$3,575$3,113$2,705$1,455
14 years$4,301$3,723$3,212$2,763$2,372$1,204
15 years$3,973$3,401$2,900$2,464$2,088$999
16 years$3,686$3,120$2,629$2,207$1,845$832
17 years$3,433$2,873$2,392$1,983$1,636$694
18 years$3,209$2,655$2,184$1,787$1,455$580
19 years$3,008$2,461$1,999$1,614$1,297$485
20 years$2,828$2,287$1,835$1,462$1,158$406
21 years$2,665$2,130$1,688$1,327$1,037$341
22 years$2,517$1,988$1,555$1,207$929$286
23 years$2,382$1,860$1,436$1,099$834$240
24 years$2,258$1,742$1,328$1,002$750$202
25 years$2,145$1,635$1,230$915$675$170
26 years$2,041$1,537$1,141$837$608$143
27 years$1,944$1,446$1,060$766$548$120
28 years$1,854$1,363$985$702$494$101
29 years$1,771$1,286$917$644$446$85
30 years$1,694$1,214$854$591$403$72
31 years$1,621$1,148$796$542$365$60
32 years$1,553$1,086$743$499$330$51
33 years$1,490$1,028$693$458$299$43
34 years$1,430$975$648$422$270$36
35 years$1,374$925$606$388$245$30
36 years$1,321$878$567$358$222$26
37 years$1,272$833$530$330$201$22
38 years$1,224$792$497$304$182$18
39 years$1,180$753$465$280$165$15
40 years$1,137$717$436$258$150$13
41 years$1,097$682$409$238$136$11
42 years$1,059$650$384$220$123$9
43 years$1,023$619$360$203$112$8
44 years$989$590$338$187$102$7
45 years$956$563$317$173$92$6
46 years$924$537$298$160$84$5
47 years$894$512$280$148$76$4
48 years$866$489$263$137$69$3
49 years$838$467$247$126$63$3
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $832,000, adding $6,280 every year, while hoping to spend $53,229 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: 39/39/22 Blend
54$832,000$832,000$832,000$832,000
55$923,342$879,246$866,350$953,095
56$960,887$865,694$838,737$961,590
57$1,000,479$849,693$808,416$965,284
58$1,042,268$831,069$775,238$968,203
59$1,086,422$809,634$739,051$970,308
60$1,133,121$785,190$699,694$971,560
61$1,182,564$757,529$656,998$971,919
62$1,234,967$726,430$610,789$971,349
63$1,290,567$691,657$560,883$969,814
64$1,349,621$652,964$507,089$967,280
65$1,412,411$610,089$449,206$963,717
66$1,479,249$562,755$387,026$959,095
67$1,550,471$510,669$320,329$953,393
68$1,626,448$453,520$248,890$946,589
69$1,707,586$390,984$172,468$938,672
70$1,794,331$322,713$90,817$929,635
71$1,887,170$248,343$3,676$919,479
72$1,986,637$167,488$0$908,214
73$2,093,320$79,740$0$916,830
74$2,207,862$0$0$926,677
75$2,330,969$0$0$943,588
76$2,463,418$0$0$998,677
77$2,606,058$0$0$1,058,090
78$2,759,827$0$0$1,122,226
79$2,925,750$0$0$1,191,523
80$3,104,957$0$0$1,266,467
81$3,298,687$0$0$1,347,587
82$3,508,305$0$0$1,435,467
83$3,735,307$0$0$1,530,750
84$3,981,342$0$0$1,634,141
85$4,248,221$0$0$1,746,416
86$4,537,937$0$0$1,868,429
87$4,852,680$0$0$2,001,120
88$5,194,860$0$0$2,145,522
89$5,567,131$0$0$2,302,772
90$5,972,408$0$0$2,474,121
91$6,413,902$0$0$2,660,946
92$6,895,147$0$0$2,864,763
93$7,420,030$0$0$3,087,241
94$7,992,831$0$0$3,330,214
95$8,618,260$0$0$3,595,705
96$9,301,503$0$0$3,885,940
97$10,048,268$0$0$4,203,367
98$10,864,841$0$0$4,550,686
99$11,758,142$0$0$4,930,866
100$12,735,789$0$0$5,347,179