Can I retire at age 55 with 837,000?

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 $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%15.4%
1 years$69,119$68,503$67,902$67,316$66,744$65,263
2 years$34,217$33,580$32,962$32,363$31,783$30,298
3 years$22,585$21,945$21,329$20,736$20,164$18,723
4 years$16,770$16,132$15,522$14,939$14,381$12,994
5 years$13,282$12,648$12,046$11,474$10,932$9,603
6 years$10,957$10,328$9,735$9,176$8,650$7,381
7 years$9,297$8,673$8,090$7,544$7,035$5,825
8 years$8,053$7,434$6,861$6,329$5,836$4,685
9 years$7,086$6,473$5,909$5,391$4,915$3,822
10 years$6,312$5,706$5,152$4,647$4,188$3,152
11 years$5,680$5,079$4,535$4,044$3,602$2,622
12 years$5,153$4,559$4,025$3,547$3,121$2,195
13 years$4,708$4,120$3,596$3,132$2,722$1,849
14 years$4,327$3,745$3,231$2,780$2,386$1,564
15 years$3,997$3,421$2,917$2,479$2,101$1,327
16 years$3,708$3,139$2,645$2,220$1,857$1,130
17 years$3,454$2,891$2,407$1,995$1,646$965
18 years$3,228$2,671$2,197$1,797$1,464$826
19 years$3,026$2,476$2,011$1,624$1,305$708
20 years$2,845$2,300$1,846$1,471$1,165$608
21 years$2,681$2,143$1,698$1,335$1,043$522
22 years$2,532$2,000$1,565$1,214$935$449
23 years$2,396$1,871$1,445$1,105$839$387
24 years$2,272$1,753$1,336$1,008$754$334
25 years$2,158$1,645$1,238$921$679$288
26 years$2,053$1,546$1,148$842$611$249
27 years$1,956$1,455$1,066$771$551$215
28 years$1,865$1,371$991$706$497$186
29 years$1,782$1,293$922$647$449$160
30 years$1,704$1,221$859$594$406$139
31 years$1,631$1,155$801$546$367$120
32 years$1,563$1,093$747$502$332$104
33 years$1,499$1,035$698$461$300$90
34 years$1,439$981$652$424$272$78
35 years$1,383$930$609$391$246$67
36 years$1,329$883$570$360$223$58
37 years$1,279$838$534$331$202$50
38 years$1,232$797$500$306$183$44
39 years$1,187$758$468$282$166$38
40 years$1,144$721$439$260$151$33
41 years$1,104$686$411$240$137$28
42 years$1,066$654$386$221$124$25
43 years$1,029$623$362$204$113$21
44 years$994$594$340$189$102$18
45 years$961$566$319$174$93$16
46 years$930$540$300$161$84$14
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 $2,868 every year, while hoping to spend $44,829 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: 54/22/24 Blend
54$837,000$837,000$837,000$837,000
55$925,332$880,971$867,998$969,037
56$972,019$876,441$849,378$994,898
57$1,021,964$870,187$828,632$1,018,142
58$1,075,455$862,076$805,641$1,042,513
59$1,132,802$851,969$780,282$1,068,135
60$1,194,351$839,718$752,423$1,095,146
61$1,260,476$825,165$721,931$1,123,700
62$1,331,591$808,146$688,663$1,153,969
63$1,408,151$788,482$652,470$1,186,146
64$1,490,653$765,988$613,198$1,220,447
65$1,579,644$740,466$570,685$1,257,112
66$1,675,726$711,708$524,762$1,296,408
67$1,779,560$679,491$475,251$1,338,633
68$1,891,872$643,583$421,969$1,384,120
69$2,013,459$603,735$364,721$1,433,240
70$2,145,200$559,686$303,307$1,486,404
71$2,288,059$511,159$237,517$1,544,070
72$2,443,097$457,862$167,129$1,606,748
73$2,611,481$399,485$91,917$1,675,005
74$2,794,495$335,703$11,638$1,749,469
75$2,993,551$266,169$0$1,830,839
76$3,210,201$190,520$0$1,938,850
77$3,446,157$108,370$0$2,059,817
78$3,703,297$19,313$0$2,191,782
79$3,983,694$0$0$2,335,877
80$4,289,625$0$0$2,512,014
81$4,623,598$0$0$2,709,474
82$4,988,374$0$0$2,925,224
83$5,386,992$0$0$3,161,071
84$5,822,798$0$0$3,419,004
85$6,299,475$0$0$3,701,216
86$6,821,080$0$0$4,010,117
87$7,392,080$0$0$4,348,365
88$8,017,391$0$0$4,718,884
89$8,702,431$0$0$5,124,896
90$9,453,164$0$0$5,569,949
91$10,276,159$0$0$6,057,951
92$11,178,651$0$0$6,593,204
93$12,168,607$0$0$7,180,449
94$13,254,807$0$0$7,824,908
95$14,446,916$0$0$8,532,331
96$15,755,583$0$0$9,309,054
97$17,192,541$0$0$10,162,055
98$18,770,709$0$0$11,099,022
99$20,504,323$0$0$12,128,423
100$22,409,064$0$0$13,259,587