Can I retire at age 55 with 838,000?

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 $838,000?

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$69,201$68,585$67,983$67,396$66,823$66,514
2 years$34,258$33,620$33,002$32,402$31,821$31,508
3 years$22,612$21,971$21,354$20,760$20,188$19,883
4 years$16,790$16,151$15,540$14,957$14,398$14,102
5 years$13,298$12,663$12,060$11,488$10,945$10,659
6 years$10,970$10,340$9,746$9,187$8,661$8,385
7 years$9,308$8,684$8,099$7,553$7,044$6,778
8 years$8,063$7,443$6,869$6,336$5,843$5,588
9 years$7,094$6,481$5,916$5,397$4,921$4,676
10 years$6,320$5,712$5,158$4,652$4,193$3,959
11 years$5,687$5,086$4,541$4,049$3,606$3,382
12 years$5,160$4,564$4,030$3,551$3,125$2,911
13 years$4,714$4,125$3,600$3,135$2,725$2,521
14 years$4,332$3,749$3,235$2,783$2,389$2,194
15 years$4,002$3,425$2,921$2,482$2,103$1,918
16 years$3,713$3,143$2,648$2,223$1,859$1,683
17 years$3,458$2,894$2,410$1,997$1,648$1,481
18 years$3,232$2,674$2,200$1,800$1,465$1,307
19 years$3,030$2,479$2,014$1,626$1,306$1,156
20 years$2,848$2,303$1,848$1,473$1,167$1,024
21 years$2,684$2,145$1,700$1,337$1,044$909
22 years$2,535$2,003$1,567$1,215$936$808
23 years$2,399$1,873$1,447$1,107$840$720
24 years$2,275$1,755$1,338$1,009$755$642
25 years$2,160$1,647$1,239$922$679$573
26 years$2,055$1,548$1,149$843$612$511
27 years$1,958$1,457$1,067$772$552$457
28 years$1,868$1,373$992$707$498$409
29 years$1,784$1,295$923$648$450$366
30 years$1,706$1,223$860$595$406$328
31 years$1,633$1,156$802$546$367$294
32 years$1,565$1,094$748$502$332$263
33 years$1,501$1,036$698$462$301$236
34 years$1,441$982$653$425$272$212
35 years$1,384$931$610$391$247$190
36 years$1,331$884$571$360$223$171
37 years$1,281$839$534$332$202$153
38 years$1,233$798$500$306$184$138
39 years$1,188$759$469$282$166$124
40 years$1,146$722$439$260$151$111
41 years$1,105$687$412$240$137$100
42 years$1,067$654$386$222$124$90
43 years$1,030$623$363$204$113$81
44 years$996$594$340$189$102$73
45 years$963$567$320$174$93$65
46 years$931$541$300$161$84$59
47 years$901$516$282$149$77$53
48 years$872$492$265$138$70$48
49 years$845$470$249$127$63$43
50 years$818$449$234$117$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $838,000, adding $3,952 every year, while hoping to spend $46,533 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: 52/26/22 Blend
54$838,000$838,000$838,000$838,000
55$927,552$883,138$870,149$969,940
56$972,652$876,902$849,789$993,373
57$1,020,792$868,799$827,186$1,013,724
58$1,072,234$858,691$802,218$1,034,886
59$1,127,263$846,429$774,754$1,056,953
60$1,186,194$831,854$744,658$1,080,029
61$1,249,370$814,799$711,788$1,104,236
62$1,317,169$795,087$675,996$1,129,706
63$1,390,005$772,531$637,127$1,156,592
64$1,468,332$746,932$595,017$1,185,062
65$1,552,650$718,080$549,499$1,215,307
66$1,643,507$685,752$500,393$1,247,540
67$1,741,504$649,713$447,516$1,282,000
68$1,847,304$609,715$390,674$1,318,955
69$1,961,632$565,494$329,664$1,358,702
70$2,085,287$516,773$264,277$1,401,577
71$2,219,148$463,256$194,292$1,447,953
72$2,364,180$404,634$119,479$1,498,244
73$2,521,442$340,578$39,598$1,552,916
74$2,692,104$270,740$0$1,612,486
75$2,877,447$194,755$0$1,688,245
76$3,078,884$112,235$0$1,780,737
77$3,297,967$22,772$0$1,881,433
78$3,536,406$0$0$1,991,195
79$3,796,079$0$0$2,132,165
80$4,079,057$0$0$2,292,964
81$4,387,616$0$0$2,468,379
82$4,724,261$0$0$2,659,844
83$5,091,750$0$0$2,868,939
84$5,493,121$0$0$3,097,402
85$5,931,714$0$0$3,347,147
86$6,411,211$0$0$3,620,280
87$6,935,661$0$0$3,919,123
88$7,509,527$0$0$4,246,230
89$8,137,719$0$0$4,604,412
90$8,825,647$0$0$4,996,770
91$9,579,267$0$0$5,426,713
92$10,405,139$0$0$5,897,998
93$11,310,485$0$0$6,414,765
94$12,303,265$0$0$6,981,569
95$13,392,239$0$0$7,603,431
96$14,587,061$0$0$8,285,880
97$15,898,363$0$0$9,035,006
98$17,337,855$0$0$9,857,518
99$18,918,438$0$0$10,760,805
100$20,654,322$0$0$11,753,009