Can I retire at age 55 with 834,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$68,871$68,257$67,659$67,075$66,504$65,728
2 years$34,095$33,460$32,844$32,247$31,669$30,887
3 years$22,504$21,866$21,252$20,661$20,092$19,330
4 years$16,710$16,074$15,466$14,885$14,330$13,592
5 years$13,234$12,602$12,002$11,433$10,893$10,183
6 years$10,918$10,291$9,700$9,143$8,619$7,937
7 years$9,264$8,642$8,061$7,517$7,010$6,356
8 years$8,024$7,408$6,836$6,306$5,815$5,190
9 years$7,060$6,450$5,888$5,371$4,897$4,300
10 years$6,290$5,685$5,133$4,630$4,173$3,603
11 years$5,660$5,061$4,519$4,030$3,589$3,046
12 years$5,135$4,543$4,011$3,535$3,110$2,594
13 years$4,691$4,105$3,583$3,120$2,712$2,222
14 years$4,311$3,732$3,220$2,770$2,377$1,912
15 years$3,982$3,409$2,907$2,470$2,093$1,653
16 years$3,695$3,128$2,635$2,212$1,850$1,433
17 years$3,441$2,880$2,398$1,987$1,640$1,247
18 years$3,216$2,662$2,189$1,791$1,458$1,087
19 years$3,015$2,467$2,004$1,618$1,300$950
20 years$2,835$2,292$1,839$1,466$1,161$831
21 years$2,671$2,135$1,692$1,330$1,039$729
22 years$2,523$1,993$1,559$1,209$931$640
23 years$2,388$1,864$1,440$1,102$836$562
24 years$2,264$1,746$1,331$1,005$751$495
25 years$2,150$1,639$1,233$918$676$436
26 years$2,045$1,540$1,144$839$609$384
27 years$1,949$1,450$1,062$768$549$339
28 years$1,859$1,366$987$704$496$299
29 years$1,775$1,289$919$645$447$264
30 years$1,698$1,217$856$592$404$233
31 years$1,625$1,151$798$544$366$206
32 years$1,557$1,089$744$500$331$182
33 years$1,494$1,031$695$460$299$161
34 years$1,434$977$649$423$271$142
35 years$1,378$927$607$389$245$126
36 years$1,325$880$568$358$222$112
37 years$1,275$835$532$330$202$99
38 years$1,227$794$498$304$183$87
39 years$1,183$755$466$281$166$77
40 years$1,140$718$437$259$150$69
41 years$1,100$684$410$239$136$61
42 years$1,062$651$385$220$124$54
43 years$1,025$620$361$204$112$48
44 years$991$591$339$188$102$42
45 years$958$564$318$174$93$37
46 years$927$538$299$160$84$33
47 years$897$513$281$148$76$29
48 years$868$490$264$137$69$26
49 years$840$468$248$126$63$23
50 years$814$447$233$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $834,000, adding $6,638 every year, while hoping to spend $27,212 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: 56/31/13 Blend
54$834,000$834,000$834,000$834,000
55$925,915$881,713$868,786$974,326
56$991,405$895,964$868,937$1,022,140
57$1,062,663$910,001$868,181$1,070,648
58$1,140,248$923,784$866,459$1,122,850
59$1,224,777$937,273$863,709$1,179,106
60$1,316,927$950,422$859,866$1,239,810
61$1,417,444$963,183$854,861$1,305,397
62$1,527,148$975,504$848,624$1,376,348
63$1,646,943$987,330$841,079$1,453,193
64$1,777,825$998,602$832,149$1,536,515
65$1,920,887$1,009,258$821,750$1,626,959
66$2,077,337$1,019,231$809,797$1,725,237
67$2,248,500$1,028,448$796,201$1,832,131
68$2,435,839$1,036,834$780,866$1,948,507
69$2,640,964$1,044,308$763,694$2,075,318
70$2,865,646$1,050,783$744,581$2,213,617
71$3,111,838$1,056,168$723,421$2,364,563
72$3,381,690$1,060,364$700,099$2,529,436
73$3,677,568$1,063,267$674,499$2,709,648
74$4,002,080$1,064,768$646,495$2,906,755
75$4,358,099$1,064,749$615,959$3,122,474
76$4,748,788$1,063,084$582,757$3,358,700
77$5,177,631$1,059,642$546,746$3,617,520
78$5,648,467$1,054,282$507,779$3,901,238
79$6,165,524$1,046,855$465,703$4,212,394
80$6,733,459$1,037,202$420,356$4,553,790
81$7,357,404$1,025,157$371,570$4,928,514
82$8,043,011$1,010,542$319,169$5,339,974
83$8,796,507$993,167$262,970$5,791,928
84$9,624,752$972,834$202,781$6,288,518
85$10,535,306$949,331$138,403$6,834,312
86$11,536,493$922,435$69,626$7,434,350
87$12,637,490$891,908$0$8,094,187
88$13,848,402$857,501$0$8,820,470
89$15,180,367$818,946$0$9,629,773
90$16,645,655$775,965$0$10,519,908
91$18,257,784$728,259$0$11,499,120
92$20,031,649$675,515$0$12,576,501
93$21,983,664$617,402$0$13,762,069
94$24,131,910$553,568$0$15,066,871
95$26,496,315$483,642$0$16,503,082
96$29,098,831$407,232$0$18,084,123
97$31,963,650$323,925$0$19,824,788
98$35,117,429$233,284$0$21,741,384
99$38,589,537$134,845$0$23,851,887
100$42,412,340$28,123$0$26,176,110