Can I retire at age 55 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,954$68,339$67,740$67,155$66,584$65,133
2 years$34,135$33,500$32,884$32,286$31,707$30,252
3 years$22,531$21,892$21,278$20,686$20,116$18,703
4 years$16,730$16,093$15,485$14,903$14,347$12,987
5 years$13,250$12,617$12,017$11,447$10,906$9,603
6 years$10,931$10,303$9,711$9,154$8,630$7,384
7 years$9,275$8,652$8,070$7,526$7,018$5,831
8 years$8,034$7,417$6,844$6,314$5,822$4,693
9 years$7,069$6,458$5,895$5,378$4,903$3,831
10 years$6,297$5,692$5,139$4,636$4,178$3,161
11 years$5,666$5,067$4,525$4,034$3,593$2,631
12 years$5,141$4,548$4,015$3,539$3,114$2,205
13 years$4,697$4,110$3,588$3,124$2,715$1,858
14 years$4,317$3,736$3,223$2,773$2,380$1,572
15 years$3,987$3,413$2,910$2,473$2,096$1,336
16 years$3,699$3,131$2,639$2,215$1,852$1,138
17 years$3,446$2,884$2,401$1,990$1,642$972
18 years$3,220$2,665$2,192$1,793$1,460$833
19 years$3,019$2,470$2,007$1,620$1,302$714
20 years$2,838$2,295$1,841$1,467$1,163$614
21 years$2,674$2,138$1,694$1,332$1,040$528
22 years$2,526$1,995$1,561$1,211$933$455
23 years$2,390$1,866$1,441$1,103$837$392
24 years$2,267$1,749$1,333$1,006$752$338
25 years$2,153$1,641$1,235$919$677$292
26 years$2,048$1,542$1,145$840$610$252
27 years$1,951$1,451$1,063$769$550$218
28 years$1,861$1,368$989$704$496$189
29 years$1,778$1,290$920$646$448$163
30 years$1,700$1,218$857$593$405$141
31 years$1,627$1,152$799$544$366$122
32 years$1,559$1,090$745$500$331$106
33 years$1,495$1,032$696$460$300$92
34 years$1,436$978$650$423$271$79
35 years$1,379$928$608$390$246$69
36 years$1,326$881$569$359$223$60
37 years$1,276$836$532$331$202$52
38 years$1,229$795$498$305$183$45
39 years$1,184$756$467$281$166$39
40 years$1,142$719$438$259$150$34
41 years$1,101$685$410$239$136$29
42 years$1,063$652$385$221$124$25
43 years$1,027$621$361$204$112$22
44 years$992$592$339$188$102$19
45 years$959$565$318$174$93$16
46 years$928$539$299$160$84$14
47 years$898$514$281$148$76$12
48 years$869$491$264$137$69$11
49 years$842$469$248$127$63$9
50 years$815$448$233$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $835,000, adding $2,602 every year, while hoping to spend $48,923 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: 48/40/12 Blend
54$835,000$835,000$835,000$835,000
55$922,854$878,599$865,656$963,977
56$964,931$869,597$842,602$983,570
57$1,009,661$858,513$817,136$999,541
58$1,057,262$845,196$789,125$1,015,780
59$1,107,973$829,481$758,432$1,032,331
60$1,162,057$811,197$724,910$1,049,240
61$1,219,802$790,160$688,410$1,066,566
62$1,281,522$766,178$648,771$1,084,374
63$1,347,562$739,046$605,830$1,102,739
64$1,418,301$708,547$559,413$1,121,751
65$1,494,154$674,452$509,340$1,141,511
66$1,575,577$636,519$455,422$1,162,134
67$1,663,069$594,491$397,461$1,183,752
68$1,757,178$548,098$335,253$1,206,518
69$1,858,508$497,052$268,581$1,230,603
70$1,967,719$441,051$197,222$1,256,201
71$2,085,539$379,775$120,941$1,283,535
72$2,212,765$312,885$39,494$1,312,854
73$2,350,275$240,025$0$1,344,441
74$2,499,033$160,816$0$1,384,688
75$2,660,099$74,861$0$1,433,671
76$2,834,638$0$0$1,486,768
77$3,023,931$0$0$1,552,510
78$3,229,387$0$0$1,659,706
79$3,452,555$0$0$1,776,225
80$3,695,140$0$0$1,902,967
81$3,959,017$0$0$2,040,921
82$4,246,249$0$0$2,191,179
83$4,559,107$0$0$2,354,938
84$4,900,088$0$0$2,533,519
85$5,271,941$0$0$2,728,374
86$5,677,693$0$0$2,941,102
87$6,120,674$0$0$3,173,463
88$6,604,550$0$0$3,427,394
89$7,133,359$0$0$3,705,028
90$7,711,542$0$0$4,008,715
91$8,343,994$0$0$4,341,040
92$9,036,101$0$0$4,704,850
93$9,793,795$0$0$5,103,281
94$10,623,608$0$0$5,539,785
95$11,532,734$0$0$6,018,167
96$12,529,094$0$0$6,542,612
97$13,621,414$0$0$7,117,735
98$14,819,302$0$0$7,748,616
99$16,133,343$0$0$8,440,849
100$17,575,194$0$0$9,200,600