Can I retire at age 55 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$69,284$68,667$68,065$67,477$66,903$64,839
2 years$34,299$33,660$33,041$32,441$31,859$29,797
3 years$22,639$21,997$21,380$20,785$20,212$18,219
4 years$16,810$16,170$15,559$14,975$14,416$12,504
5 years$13,313$12,678$12,074$11,502$10,959$9,135
6 years$10,983$10,352$9,758$9,198$8,671$6,937
7 years$9,320$8,694$8,109$7,562$7,052$5,407
8 years$8,072$7,452$6,877$6,344$5,850$4,293
9 years$7,103$6,489$5,923$5,404$4,927$3,456
10 years$6,327$5,719$5,164$4,658$4,198$2,811
11 years$5,694$5,092$4,546$4,054$3,610$2,306
12 years$5,166$4,570$4,035$3,556$3,129$1,903
13 years$4,720$4,130$3,605$3,139$2,728$1,579
14 years$4,337$3,754$3,239$2,787$2,392$1,315
15 years$4,006$3,429$2,924$2,485$2,106$1,099
16 years$3,717$3,146$2,651$2,225$1,861$922
17 years$3,462$2,898$2,413$1,999$1,650$774
18 years$3,236$2,678$2,202$1,802$1,467$652
19 years$3,033$2,482$2,016$1,628$1,308$550
20 years$2,851$2,306$1,850$1,475$1,168$464
21 years$2,687$2,148$1,702$1,338$1,045$392
22 years$2,538$2,005$1,569$1,217$937$332
23 years$2,402$1,875$1,448$1,108$841$281
24 years$2,277$1,757$1,339$1,011$756$238
25 years$2,163$1,649$1,241$923$680$202
26 years$2,058$1,550$1,151$844$613$171
27 years$1,960$1,458$1,068$772$552$145
28 years$1,870$1,374$993$708$498$123
29 years$1,786$1,296$924$649$450$105
30 years$1,708$1,224$861$596$407$89
31 years$1,635$1,157$803$547$368$75
32 years$1,567$1,095$749$503$333$64
33 years$1,503$1,037$699$462$301$54
34 years$1,442$983$653$425$273$46
35 years$1,386$932$611$392$247$39
36 years$1,333$885$571$361$224$33
37 years$1,282$840$535$332$203$28
38 years$1,235$799$501$306$184$24
39 years$1,190$760$469$282$167$21
40 years$1,147$723$440$260$151$17
41 years$1,107$688$412$240$137$15
42 years$1,068$655$387$222$124$13
43 years$1,032$624$363$205$113$11
44 years$997$595$341$189$103$9
45 years$964$567$320$175$93$8
46 years$932$541$300$161$84$7
47 years$902$517$282$149$77$6
48 years$873$493$265$138$70$5
49 years$846$471$249$127$63$4
50 years$819$450$234$118$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $839,000, adding $2,536 every year, while hoping to spend $37,845 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: 25/47/28 Blend
54$839,000$839,000$839,000$839,000
55$927,194$882,727$869,722$942,182
56$981,501$885,714$858,591$957,878
57$1,040,079$887,578$845,819$971,313
58$1,103,323$888,226$831,310$984,933
59$1,171,669$887,556$814,966$998,781
60$1,245,594$885,461$796,682$1,012,904
61$1,325,624$881,828$776,350$1,027,360
62$1,412,335$876,535$753,855$1,042,216
63$1,506,363$869,455$729,079$1,057,549
64$1,608,406$860,452$701,897$1,073,448
65$1,719,232$849,383$672,179$1,090,017
66$1,839,685$836,094$639,789$1,107,375
67$1,970,695$820,425$604,584$1,125,655
68$2,113,283$802,203$566,415$1,145,012
69$2,268,576$781,249$525,128$1,165,623
70$2,437,810$757,369$480,559$1,187,686
71$2,622,347$730,362$432,539$1,211,428
72$2,823,688$700,011$380,890$1,237,104
73$3,043,483$666,089$325,428$1,265,005
74$3,283,547$628,357$265,959$1,295,454
75$3,545,881$586,559$202,281$1,328,821
76$3,832,687$540,426$134,183$1,365,517
77$4,146,388$489,674$61,446$1,406,008
78$4,489,654$434,003$0$1,450,813
79$4,865,424$373,094$0$1,505,350
80$5,276,934$306,612$0$1,585,344
81$5,727,748$234,203$0$1,673,225
82$6,221,790$155,491$0$1,769,889
83$6,763,385$70,081$0$1,876,331
84$7,357,291$0$0$1,993,657
85$8,008,753$0$0$2,134,699
86$8,723,546$0$0$2,329,366
87$9,508,032$0$0$2,543,162
88$10,369,218$0$0$2,778,015
89$11,314,823$0$0$3,036,050
90$12,353,350$0$0$3,319,607
91$13,494,166$0$0$3,631,264
92$14,747,590$0$0$3,973,861
93$16,124,989$0$0$4,350,528
94$17,638,887$0$0$4,764,712
95$19,303,080$0$0$5,220,211
96$21,132,769$0$0$5,721,210
97$23,144,702$0$0$6,272,320
98$25,357,327$0$0$6,878,621
99$27,790,974$0$0$7,545,710
100$30,468,040$0$0$8,279,754