Can I retire at age 55 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$69,119$68,503$67,902$67,316$66,744$65,236
2 years$34,217$33,580$32,962$32,363$31,783$30,272
3 years$22,585$21,945$21,329$20,736$20,164$18,698
4 years$16,770$16,132$15,522$14,939$14,381$12,970
5 years$13,282$12,648$12,046$11,474$10,932$9,580
6 years$10,957$10,328$9,735$9,176$8,650$7,359
7 years$9,297$8,673$8,090$7,544$7,035$5,804
8 years$8,053$7,434$6,861$6,329$5,836$4,666
9 years$7,086$6,473$5,909$5,391$4,915$3,804
10 years$6,312$5,706$5,152$4,647$4,188$3,135
11 years$5,680$5,079$4,535$4,044$3,602$2,606
12 years$5,153$4,559$4,025$3,547$3,121$2,181
13 years$4,708$4,120$3,596$3,132$2,722$1,835
14 years$4,327$3,745$3,231$2,780$2,386$1,551
15 years$3,997$3,421$2,917$2,479$2,101$1,316
16 years$3,708$3,139$2,645$2,220$1,857$1,120
17 years$3,454$2,891$2,407$1,995$1,646$955
18 years$3,228$2,671$2,197$1,797$1,464$817
19 years$3,026$2,476$2,011$1,624$1,305$700
20 years$2,845$2,300$1,846$1,471$1,165$600
21 years$2,681$2,143$1,698$1,335$1,043$515
22 years$2,532$2,000$1,565$1,214$935$443
23 years$2,396$1,871$1,445$1,105$839$382
24 years$2,272$1,753$1,336$1,008$754$329
25 years$2,158$1,645$1,238$921$679$283
26 years$2,053$1,546$1,148$842$611$244
27 years$1,956$1,455$1,066$771$551$211
28 years$1,865$1,371$991$706$497$182
29 years$1,782$1,293$922$647$449$157
30 years$1,704$1,221$859$594$406$136
31 years$1,631$1,155$801$546$367$117
32 years$1,563$1,093$747$502$332$102
33 years$1,499$1,035$698$461$300$88
34 years$1,439$981$652$424$272$76
35 years$1,383$930$609$391$246$66
36 years$1,329$883$570$360$223$57
37 years$1,279$838$534$331$202$49
38 years$1,232$797$500$306$183$43
39 years$1,187$758$468$282$166$37
40 years$1,144$721$439$260$151$32
41 years$1,104$686$411$240$137$28
42 years$1,066$654$386$221$124$24
43 years$1,029$623$362$204$113$21
44 years$994$594$340$189$102$18
45 years$961$566$319$174$93$15
46 years$930$540$300$161$84$13
47 years$900$515$282$149$77$12
48 years$871$492$265$137$70$10
49 years$844$470$249$127$63$9
50 years$817$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $837,000, adding $4,256 every year, while hoping to spend $22,788 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: 65/15/20 Blend
54$837,000$837,000$837,000$837,000
55$926,764$882,403$869,430$982,046
56$997,048$901,395$874,309$1,038,688
57$1,073,737$920,553$878,589$1,097,580
58$1,157,460$939,862$882,223$1,161,404
59$1,248,910$959,305$885,167$1,230,643
60$1,348,851$978,862$887,372$1,305,831
61$1,458,120$998,513$888,786$1,387,554
62$1,577,643$1,018,235$889,355$1,476,461
63$1,708,437$1,038,003$889,023$1,573,265
64$1,851,624$1,057,791$887,731$1,678,753
65$2,008,437$1,077,570$885,417$1,793,790
66$2,180,235$1,097,309$882,016$1,919,333
67$2,368,514$1,116,973$877,459$2,056,434
68$2,574,925$1,136,526$871,676$2,206,253
69$2,801,280$1,155,929$864,591$2,370,069
70$3,049,582$1,175,140$856,125$2,549,292
71$3,322,030$1,194,114$846,197$2,745,475
72$3,621,053$1,212,801$834,719$2,960,331
73$3,949,321$1,231,149$821,603$3,195,746
74$4,309,779$1,249,102$806,754$3,453,801
75$4,705,668$1,266,600$790,072$3,736,789
76$5,140,561$1,283,579$771,455$4,047,238
77$5,618,394$1,299,969$750,794$4,387,931
78$6,143,500$1,315,698$727,976$4,761,941
79$6,720,656$1,330,686$702,882$5,172,651
80$7,355,124$1,344,850$675,389$5,623,791
81$8,052,699$1,358,101$645,367$6,119,473
82$8,819,769$1,370,342$612,682$6,664,229
83$9,663,369$1,381,473$577,190$7,263,052
84$10,591,252$1,391,384$538,745$7,921,449
85$11,611,959$1,399,961$497,192$8,645,489
86$12,734,900$1,407,081$452,370$9,441,858
87$13,970,446$1,412,613$404,110$10,317,930
88$15,330,019$1,416,418$352,235$11,281,829
89$16,826,208$1,418,350$296,562$12,342,511
90$18,472,882$1,418,251$236,899$13,509,847
91$20,285,326$1,415,955$173,044$14,794,716
92$22,280,377$1,411,284$104,789$16,209,110
93$24,476,591$1,404,053$31,915$17,766,244
94$26,894,412$1,394,060$0$19,480,685
95$29,556,370$1,381,097$0$21,378,274
96$32,487,286$1,364,938$0$23,474,824
97$35,714,516$1,345,346$0$25,783,072
98$39,268,199$1,322,070$0$28,324,569
99$43,181,548$1,294,845$0$31,123,062
100$47,491,161$1,263,387$0$34,204,721