Can I retire at age 55 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$68,871$68,257$67,659$67,075$66,504$64,145
2 years$34,095$33,460$32,844$32,247$31,669$29,317
3 years$22,504$21,866$21,252$20,661$20,092$17,821
4 years$16,710$16,074$15,466$14,885$14,330$12,158
5 years$13,234$12,602$12,002$11,433$10,893$8,826
6 years$10,918$10,291$9,700$9,143$8,619$6,658
7 years$9,264$8,642$8,061$7,517$7,010$5,154
8 years$8,024$7,408$6,836$6,306$5,815$4,064
9 years$7,060$6,450$5,888$5,371$4,897$3,247
10 years$6,290$5,685$5,133$4,630$4,173$2,622
11 years$5,660$5,061$4,519$4,030$3,589$2,133
12 years$5,135$4,543$4,011$3,535$3,110$1,747
13 years$4,691$4,105$3,583$3,120$2,712$1,438
14 years$4,311$3,732$3,220$2,770$2,377$1,188
15 years$3,982$3,409$2,907$2,470$2,093$984
16 years$3,695$3,128$2,635$2,212$1,850$818
17 years$3,441$2,880$2,398$1,987$1,640$681
18 years$3,216$2,662$2,189$1,791$1,458$568
19 years$3,015$2,467$2,004$1,618$1,300$475
20 years$2,835$2,292$1,839$1,466$1,161$397
21 years$2,671$2,135$1,692$1,330$1,039$333
22 years$2,523$1,993$1,559$1,209$931$279
23 years$2,388$1,864$1,440$1,102$836$234
24 years$2,264$1,746$1,331$1,005$751$196
25 years$2,150$1,639$1,233$918$676$165
26 years$2,045$1,540$1,144$839$609$138
27 years$1,949$1,450$1,062$768$549$116
28 years$1,859$1,366$987$704$496$98
29 years$1,775$1,289$919$645$447$82
30 years$1,698$1,217$856$592$404$69
31 years$1,625$1,151$798$544$366$58
32 years$1,557$1,089$744$500$331$49
33 years$1,494$1,031$695$460$299$41
34 years$1,434$977$649$423$271$35
35 years$1,378$927$607$389$245$29
36 years$1,325$880$568$358$222$24
37 years$1,275$835$532$330$202$21
38 years$1,227$794$498$304$183$17
39 years$1,183$755$466$281$166$15
40 years$1,140$718$437$259$150$12
41 years$1,100$684$410$239$136$10
42 years$1,062$651$385$220$124$9
43 years$1,025$620$361$204$112$7
44 years$991$591$339$188$102$6
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$4
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$3
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $834,000, adding $4,500 every year, while hoping to spend $57,530 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: 70/22/8 Blend
54$834,000$834,000$834,000$834,000
55$923,710$879,508$866,581$986,777
56$956,717$861,392$834,400$1,010,986
57$991,162$840,461$799,212$1,029,981
58$1,027,132$816,515$760,858$1,049,200
59$1,064,720$789,344$719,166$1,068,651
60$1,104,025$758,726$673,962$1,088,347
61$1,145,156$724,424$625,061$1,108,302
62$1,188,231$686,190$572,270$1,128,533
63$1,233,378$643,760$515,387$1,149,061
64$1,280,733$596,856$454,204$1,169,911
65$1,330,448$545,181$388,500$1,191,113
66$1,382,685$488,426$318,046$1,212,701
67$1,437,621$426,261$242,602$1,234,718
68$1,495,447$358,337$161,919$1,257,209
69$1,556,375$284,288$75,735$1,280,231
70$1,620,632$203,725$0$1,303,849
71$1,688,466$116,237$0$1,329,521
72$1,760,150$21,392$0$1,362,935
73$1,835,977$0$0$1,397,744
74$1,916,273$0$0$1,453,759
75$2,001,389$0$0$1,518,647
76$2,091,711$0$0$1,587,526
77$2,187,660$0$0$1,660,722
78$2,289,698$0$0$1,738,589
79$2,398,329$0$0$1,821,515
80$2,514,106$0$0$1,909,926
81$2,637,633$0$0$2,004,286
82$2,769,573$0$0$2,105,108
83$2,910,652$0$0$2,212,949
84$3,061,667$0$0$2,328,424
85$3,223,490$0$0$2,452,204
86$3,397,080$0$0$2,585,027
87$3,583,487$0$0$2,727,704
88$3,783,864$0$0$2,881,122
89$3,999,478$0$0$3,046,257
90$4,231,718$0$0$3,224,181
91$4,482,113$0$0$3,416,070
92$4,752,338$0$0$3,623,217
93$5,044,238$0$0$3,847,042
94$5,359,837$0$0$4,089,107
95$5,701,361$0$0$4,351,126
96$6,071,258$0$0$4,634,987
97$6,472,218$0$0$4,942,763
98$6,907,198$0$0$5,276,735
99$7,379,453$0$0$5,639,411
100$7,892,562$0$0$6,033,551