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%12.2%
1 years$68,871$68,257$67,659$67,075$66,504$65,892
2 years$34,095$33,460$32,844$32,247$31,669$31,052
3 years$22,504$21,866$21,252$20,661$20,092$19,490
4 years$16,710$16,074$15,466$14,885$14,330$13,747
5 years$13,234$12,602$12,002$11,433$10,893$10,331
6 years$10,918$10,291$9,700$9,143$8,619$8,079
7 years$9,264$8,642$8,061$7,517$7,010$6,491
8 years$8,024$7,408$6,836$6,306$5,815$5,318
9 years$7,060$6,450$5,888$5,371$4,897$4,422
10 years$6,290$5,685$5,133$4,630$4,173$3,719
11 years$5,660$5,061$4,519$4,030$3,589$3,156
12 years$5,135$4,543$4,011$3,535$3,110$2,697
13 years$4,691$4,105$3,583$3,120$2,712$2,319
14 years$4,311$3,732$3,220$2,770$2,377$2,004
15 years$3,982$3,409$2,907$2,470$2,093$1,739
16 years$3,695$3,128$2,635$2,212$1,850$1,515
17 years$3,441$2,880$2,398$1,987$1,640$1,323
18 years$3,216$2,662$2,189$1,791$1,458$1,158
19 years$3,015$2,467$2,004$1,618$1,300$1,016
20 years$2,835$2,292$1,839$1,466$1,161$894
21 years$2,671$2,135$1,692$1,330$1,039$787
22 years$2,523$1,993$1,559$1,209$931$694
23 years$2,388$1,864$1,440$1,102$836$613
24 years$2,264$1,746$1,331$1,005$751$542
25 years$2,150$1,639$1,233$918$676$479
26 years$2,045$1,540$1,144$839$609$424
27 years$1,949$1,450$1,062$768$549$376
28 years$1,859$1,366$987$704$496$333
29 years$1,775$1,289$919$645$447$296
30 years$1,698$1,217$856$592$404$263
31 years$1,625$1,151$798$544$366$233
32 years$1,557$1,089$744$500$331$207
33 years$1,494$1,031$695$460$299$184
34 years$1,434$977$649$423$271$164
35 years$1,378$927$607$389$245$146
36 years$1,325$880$568$358$222$130
37 years$1,275$835$532$330$202$115
38 years$1,227$794$498$304$183$103
39 years$1,183$755$466$281$166$91
40 years$1,140$718$437$259$150$81
41 years$1,100$684$410$239$136$72
42 years$1,062$651$385$220$124$64
43 years$1,025$620$361$204$112$57
44 years$991$591$339$188$102$51
45 years$958$564$318$174$93$45
46 years$927$538$299$160$84$41
47 years$897$513$281$148$76$36
48 years$868$490$264$137$69$32
49 years$840$468$248$126$63$29
50 years$814$447$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $834,000, adding $4,532 every year, while hoping to spend $35,724 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: 44/45/11 Blend
54$834,000$834,000$834,000$834,000
55$923,743$879,541$866,614$961,282
56$979,954$884,628$857,635$992,933
57$1,040,702$888,768$847,159$1,023,236
58$1,106,412$891,875$835,096$1,055,280
59$1,177,549$893,860$821,355$1,089,238
60$1,254,629$894,629$805,840$1,125,305
61$1,338,215$894,080$788,450$1,163,694
62$1,428,929$892,106$769,079$1,204,644
63$1,527,454$888,593$747,617$1,248,420
64$1,634,540$883,420$723,949$1,295,316
65$1,751,015$876,459$697,953$1,345,660
66$1,877,787$867,575$669,503$1,399,813
67$2,015,858$856,622$638,467$1,458,177
68$2,166,327$843,449$604,708$1,521,199
69$2,330,408$827,892$568,081$1,589,374
70$2,509,432$809,782$528,434$1,663,250
71$2,704,869$788,936$485,612$1,743,435
72$2,918,334$765,162$439,448$1,830,604
73$3,151,605$738,257$389,771$1,925,503
74$3,406,642$708,004$336,401$2,028,961
75$3,685,600$674,177$279,151$2,141,893
76$3,990,853$636,534$217,825$2,265,315
77$4,325,016$594,820$152,218$2,400,352
78$4,690,967$548,765$82,116$2,548,247
79$5,091,876$498,085$7,298$2,710,377
80$5,531,235$442,479$0$2,888,269
81$6,012,888$381,627$0$3,092,121
82$6,541,069$315,193$0$3,316,754
83$7,120,443$242,823$0$3,563,403
84$7,756,147$164,140$0$3,834,382
85$8,453,840$78,749$0$4,132,247
86$9,219,754$0$0$4,459,824
87$10,060,756$0$0$4,827,050
88$10,984,408$0$0$5,273,297
89$11,999,043$0$0$5,763,609
90$13,113,838$0$0$6,302,435
91$14,338,906$0$0$6,894,675
92$15,685,385$0$0$7,545,730
93$17,165,549$0$0$8,261,548
94$18,792,917$0$0$9,048,683
95$20,582,386$0$0$9,914,357
96$22,550,368$0$0$10,866,524
97$24,714,943$0$0$11,913,951
98$27,096,036$0$0$13,066,296
99$29,715,595$0$0$14,334,198
100$32,597,805$0$0$15,729,384