Can I retire at age 55 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$69,036$68,421$67,821$67,236$66,664$64,711
2 years$34,176$33,540$32,923$32,325$31,745$29,793
3 years$22,558$21,919$21,303$20,711$20,140$18,251
4 years$16,750$16,113$15,503$14,921$14,364$12,552
5 years$13,266$12,632$12,031$11,461$10,919$9,189
6 years$10,944$10,315$9,723$9,165$8,640$6,993
7 years$9,286$8,663$8,080$7,535$7,027$5,463
8 years$8,043$7,426$6,852$6,321$5,829$4,348
9 years$7,077$6,465$5,902$5,384$4,909$3,509
10 years$6,305$5,699$5,145$4,641$4,183$2,862
11 years$5,673$5,073$4,530$4,039$3,597$2,353
12 years$5,147$4,554$4,020$3,543$3,117$1,947
13 years$4,703$4,115$3,592$3,128$2,718$1,620
14 years$4,322$3,741$3,227$2,777$2,383$1,353
15 years$3,992$3,417$2,914$2,476$2,098$1,134
16 years$3,704$3,135$2,642$2,217$1,854$954
17 years$3,450$2,887$2,404$1,992$1,644$804
18 years$3,224$2,668$2,194$1,795$1,462$678
19 years$3,023$2,473$2,009$1,622$1,303$574
20 years$2,841$2,298$1,844$1,469$1,164$486
21 years$2,678$2,140$1,696$1,333$1,042$412
22 years$2,529$1,998$1,563$1,212$934$350
23 years$2,393$1,869$1,443$1,104$838$297
24 years$2,269$1,751$1,335$1,007$753$252
25 years$2,155$1,643$1,236$920$678$215
26 years$2,050$1,544$1,146$841$611$183
27 years$1,953$1,453$1,065$770$550$155
28 years$1,863$1,369$990$705$497$132
29 years$1,780$1,292$921$647$449$113
30 years$1,702$1,220$858$594$405$96
31 years$1,629$1,153$800$545$366$82
32 years$1,561$1,091$746$501$331$70
33 years$1,497$1,033$697$461$300$59
34 years$1,437$979$651$424$272$51
35 years$1,381$929$609$390$246$43
36 years$1,328$882$569$359$223$37
37 years$1,278$837$533$331$202$31
38 years$1,230$796$499$305$183$27
39 years$1,185$757$468$281$166$23
40 years$1,143$720$438$260$151$20
41 years$1,103$685$411$239$137$17
42 years$1,064$653$385$221$124$14
43 years$1,028$622$362$204$113$12
44 years$993$593$340$188$102$10
45 years$960$565$319$174$93$9
46 years$929$539$299$161$84$8
47 years$899$515$281$148$76$6
48 years$870$491$264$137$69$5
49 years$843$469$248$127$63$5
50 years$816$448$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $836,000, adding $5,447 every year, while hoping to spend $45,096 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: 45/40/15 Blend
54$836,000$836,000$836,000$836,000
55$926,891$882,583$869,625$964,394
56$973,452$877,847$850,775$986,355
57$1,023,250$871,369$829,783$1,005,184
58$1,076,570$863,013$806,528$1,024,624
59$1,133,719$852,641$780,887$1,044,750
60$1,195,040$840,101$752,727$1,065,649
61$1,260,903$825,236$721,913$1,087,417
62$1,331,720$807,877$688,302$1,110,165
63$1,407,940$787,847$651,745$1,134,019
64$1,490,056$764,958$612,084$1,159,120
65$1,578,611$739,010$569,158$1,185,629
66$1,674,201$709,793$522,796$1,213,726
67$1,777,480$677,083$472,820$1,243,615
68$1,889,167$640,644$419,044$1,275,524
69$2,010,053$600,227$361,274$1,309,712
70$2,141,008$555,568$299,306$1,346,466
71$2,282,987$506,387$232,929$1,386,111
72$2,437,041$452,389$161,921$1,429,011
73$2,604,326$393,263$86,052$1,475,572
74$2,786,114$328,679$5,081$1,526,249
75$2,983,802$258,290$0$1,581,551
76$3,198,930$181,726$0$1,655,063
77$3,433,191$98,600$0$1,736,116
78$3,688,448$8,503$0$1,824,647
79$3,966,750$0$0$1,921,493
80$4,270,354$0$0$2,066,753
81$4,601,745$0$0$2,229,485
82$4,963,656$0$0$2,407,303
83$5,359,096$0$0$2,601,695
84$5,791,379$0$0$2,814,304
85$6,264,154$0$0$3,046,937
86$6,781,436$0$0$3,301,584
87$7,347,648$0$0$3,580,437
88$7,967,662$0$0$3,885,909
89$8,646,838$0$0$4,220,657
90$9,391,085$0$0$4,587,609
91$10,206,907$0$0$4,989,988
92$11,101,467$0$0$5,431,345
93$12,082,657$0$0$5,915,589
94$13,159,166$0$0$6,447,030
95$14,340,567$0$0$7,030,411
96$15,637,405$0$0$7,670,959
97$17,061,295$0$0$8,374,432
98$18,625,031$0$0$9,147,171
99$20,342,707$0$0$9,996,164
100$22,229,852$0$0$10,929,108