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%11.1%
1 years$68,954$68,339$67,740$67,155$66,584$66,276
2 years$34,135$33,500$32,884$32,286$31,707$31,395
3 years$22,531$21,892$21,278$20,686$20,116$19,811
4 years$16,730$16,093$15,485$14,903$14,347$14,051
5 years$13,250$12,617$12,017$11,447$10,906$10,621
6 years$10,931$10,303$9,711$9,154$8,630$8,355
7 years$9,275$8,652$8,070$7,526$7,018$6,754
8 years$8,034$7,417$6,844$6,314$5,822$5,568
9 years$7,069$6,458$5,895$5,378$4,903$4,659
10 years$6,297$5,692$5,139$4,636$4,178$3,944
11 years$5,666$5,067$4,525$4,034$3,593$3,370
12 years$5,141$4,548$4,015$3,539$3,114$2,900
13 years$4,697$4,110$3,588$3,124$2,715$2,512
14 years$4,317$3,736$3,223$2,773$2,380$2,186
15 years$3,987$3,413$2,910$2,473$2,096$1,911
16 years$3,699$3,131$2,639$2,215$1,852$1,677
17 years$3,446$2,884$2,401$1,990$1,642$1,475
18 years$3,220$2,665$2,192$1,793$1,460$1,302
19 years$3,019$2,470$2,007$1,620$1,302$1,152
20 years$2,838$2,295$1,841$1,467$1,163$1,020
21 years$2,674$2,138$1,694$1,332$1,040$906
22 years$2,526$1,995$1,561$1,211$933$806
23 years$2,390$1,866$1,441$1,103$837$717
24 years$2,267$1,749$1,333$1,006$752$639
25 years$2,153$1,641$1,235$919$677$571
26 years$2,048$1,542$1,145$840$610$510
27 years$1,951$1,451$1,063$769$550$455
28 years$1,861$1,368$989$704$496$407
29 years$1,778$1,290$920$646$448$365
30 years$1,700$1,218$857$593$405$327
31 years$1,627$1,152$799$544$366$293
32 years$1,559$1,090$745$500$331$262
33 years$1,495$1,032$696$460$300$235
34 years$1,436$978$650$423$271$211
35 years$1,379$928$608$390$246$190
36 years$1,326$881$569$359$223$170
37 years$1,276$836$532$331$202$153
38 years$1,229$795$498$305$183$137
39 years$1,184$756$467$281$166$123
40 years$1,142$719$438$259$150$111
41 years$1,101$685$410$239$136$100
42 years$1,063$652$385$221$124$90
43 years$1,027$621$361$204$112$80
44 years$992$592$339$188$102$72
45 years$959$565$318$174$93$65
46 years$928$539$299$160$84$59
47 years$898$514$281$148$76$53
48 years$869$491$264$137$69$47
49 years$842$469$248$127$63$43
50 years$815$448$233$117$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $835,000, adding $3,437 every year, while hoping to spend $32,976 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: 71/15/14 Blend
54$835,000$835,000$835,000$835,000
55$923,715$879,460$866,518$986,193
56$982,848$887,468$860,460$1,036,106
57$1,046,907$894,762$853,094$1,086,403
58$1,116,360$901,274$844,341$1,140,599
59$1,191,721$906,929$834,119$1,199,073
60$1,273,557$911,648$822,342$1,262,243
61$1,362,488$915,347$808,919$1,330,571
62$1,459,200$917,937$793,755$1,404,562
63$1,564,444$919,323$776,753$1,484,778
64$1,679,051$919,403$757,807$1,571,836
65$1,803,931$918,071$736,811$1,666,417
66$1,940,088$915,212$713,650$1,769,271
67$2,088,626$910,706$688,206$1,881,227
68$2,250,760$904,425$660,355$2,003,197
69$2,427,828$896,232$629,967$2,136,188
70$2,621,303$885,984$596,908$2,281,311
71$2,832,807$873,528$561,035$2,439,789
72$3,064,124$858,701$522,200$2,612,973
73$3,317,219$841,333$480,249$2,802,350
74$3,594,259$821,241$435,020$3,009,564
75$3,897,624$798,233$386,344$3,236,423
76$4,229,941$772,106$334,046$3,484,924
77$4,594,099$742,643$277,940$3,757,268
78$4,993,281$709,616$217,835$4,055,882
79$5,430,993$672,785$153,530$4,383,442
80$5,911,096$631,893$84,815$4,742,898
81$6,437,843$586,671$11,472$5,137,504
82$7,015,918$536,834$0$5,570,848
83$7,650,482$482,079$0$6,056,863
84$8,347,218$422,087$0$6,592,410
85$9,112,388$356,523$0$7,180,618
86$9,952,887$285,028$0$7,826,829
87$10,876,316$207,229$0$8,536,927
88$11,891,043$122,726$0$9,317,400
89$13,006,291$31,101$0$10,175,395
90$14,232,218$0$0$11,118,792
91$15,580,018$0$0$12,167,514
92$17,062,021$0$0$13,326,351
93$18,691,812$0$0$14,600,798
94$20,484,361$0$0$16,002,566
95$22,456,158$0$0$17,544,558
96$24,625,373$0$0$19,240,989
97$27,012,028$0$0$21,107,524
98$29,638,179$0$0$23,161,420
99$32,528,132$0$0$25,421,692
100$35,708,666$0$0$27,909,293