Can I retire at age 55 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$68,788$68,176$67,578$66,994$66,425$63,789
2 years$34,054$33,419$32,805$32,209$31,631$29,008
3 years$22,477$21,840$21,227$20,637$20,068$17,541
4 years$16,690$16,055$15,448$14,867$14,313$11,900
5 years$13,218$12,587$11,988$11,420$10,880$8,589
6 years$10,905$10,278$9,688$9,132$8,609$6,440
7 years$9,253$8,632$8,051$7,508$7,002$4,954
8 years$8,015$7,399$6,828$6,298$5,808$3,881
9 years$7,052$6,442$5,881$5,365$4,892$3,080
10 years$6,282$5,678$5,127$4,625$4,168$2,469
11 years$5,653$5,055$4,514$4,025$3,584$1,995
12 years$5,129$4,537$4,006$3,530$3,106$1,622
13 years$4,686$4,100$3,579$3,117$2,709$1,325
14 years$4,306$3,727$3,216$2,767$2,374$1,086
15 years$3,978$3,405$2,903$2,467$2,091$893
16 years$3,691$3,124$2,632$2,209$1,848$736
17 years$3,437$2,877$2,395$1,985$1,638$608
18 years$3,213$2,658$2,187$1,789$1,457$503
19 years$3,012$2,464$2,002$1,616$1,298$417
20 years$2,831$2,289$1,837$1,464$1,160$346
21 years$2,668$2,133$1,690$1,329$1,038$287
22 years$2,520$1,991$1,557$1,208$930$239
23 years$2,385$1,862$1,438$1,100$835$198
24 years$2,261$1,744$1,330$1,003$751$165
25 years$2,148$1,637$1,232$916$675$137
26 years$2,043$1,539$1,142$838$608$114
27 years$1,946$1,448$1,061$767$549$95
28 years$1,857$1,364$986$703$495$79
29 years$1,773$1,287$918$644$447$66
30 years$1,696$1,216$855$591$404$55
31 years$1,623$1,149$797$543$365$46
32 years$1,555$1,087$744$499$330$38
33 years$1,492$1,030$694$459$299$32
34 years$1,432$976$649$422$271$27
35 years$1,376$926$606$389$245$22
36 years$1,323$879$567$358$222$18
37 years$1,273$834$531$330$201$15
38 years$1,226$793$497$304$182$13
39 years$1,181$754$466$280$165$11
40 years$1,139$717$437$259$150$9
41 years$1,099$683$409$239$136$7
42 years$1,061$650$384$220$124$6
43 years$1,024$620$360$203$112$5
44 years$990$591$338$188$102$4
45 years$957$563$318$173$92$4
46 years$925$537$298$160$84$3
47 years$895$513$280$148$76$3
48 years$867$490$263$137$69$2
49 years$839$467$248$126$63$2
50 years$813$447$233$117$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $833,000, adding $2,539 every year, while hoping to spend $21,624 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: 50/34/16 Blend
54$833,000$833,000$833,000$833,000
55$920,585$876,436$863,524$962,433
56$991,477$896,374$869,445$1,011,456
57$1,068,875$916,563$874,839$1,062,248
58$1,153,420$936,995$879,666$1,116,972
59$1,245,818$957,656$883,883$1,176,006
60$1,346,845$978,535$887,447$1,239,766
61$1,457,356$999,616$890,309$1,308,709
62$1,578,293$1,020,884$892,421$1,383,342
63$1,710,692$1,042,321$893,731$1,464,220
64$1,855,696$1,063,908$894,184$1,551,957
65$2,014,561$1,085,623$893,723$1,647,229
66$2,188,672$1,107,445$892,289$1,750,780
67$2,379,555$1,129,348$889,819$1,863,432
68$2,588,888$1,151,305$886,246$1,986,089
69$2,818,522$1,173,286$881,503$2,119,749
70$3,070,493$1,195,259$875,515$2,265,512
71$3,347,047$1,217,190$868,209$2,424,588
72$3,650,656$1,239,042$859,503$2,598,315
73$3,984,042$1,260,774$849,316$2,788,164
74$4,350,205$1,282,343$837,559$2,995,758
75$4,752,451$1,303,703$824,142$3,222,888
76$5,194,419$1,324,803$808,969$3,471,524
77$5,680,120$1,345,588$791,940$3,743,841
78$6,213,973$1,366,003$772,951$4,042,237
79$6,800,845$1,385,984$751,891$4,369,352
80$7,446,099$1,405,464$728,647$4,728,099
81$8,155,643$1,424,374$703,099$5,121,689
82$8,935,986$1,442,637$675,121$5,553,660
83$9,794,302$1,460,171$644,582$6,027,915
84$10,738,492$1,476,890$611,346$6,548,752
85$11,777,261$1,492,701$575,270$7,120,914
86$12,920,204$1,507,505$536,204$7,749,626
87$14,177,889$1,521,198$493,991$8,440,648
88$15,561,963$1,533,665$448,468$9,200,330
89$17,085,256$1,544,788$399,466$10,035,671
90$18,761,909$1,554,440$346,804$10,954,389
91$20,607,500$1,562,484$290,299$11,964,986
92$22,639,196$1,568,776$229,754$13,076,840
93$24,875,911$1,573,163$164,968$14,300,283
94$27,338,488$1,575,482$95,728$15,646,707
95$30,049,892$1,575,559$21,814$17,128,668
96$33,035,431$1,573,211$0$18,760,006
97$36,322,988$1,568,241$0$20,565,718
98$39,943,291$1,560,444$0$22,557,486
99$43,930,200$1,549,598$0$24,750,158
100$48,321,022$1,535,471$0$27,164,208