Can I retire at age 55 with 839,000?

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 $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%11.6%
1 years$69,284$68,667$68,065$67,477$66,903$66,454
2 years$34,299$33,660$33,041$32,441$31,859$31,405
3 years$22,639$21,997$21,380$20,785$20,212$19,769
4 years$16,810$16,170$15,559$14,975$14,416$13,986
5 years$13,313$12,678$12,074$11,502$10,959$10,544
6 years$10,983$10,352$9,758$9,198$8,671$8,272
7 years$9,320$8,694$8,109$7,562$7,052$6,668
8 years$8,072$7,452$6,877$6,344$5,850$5,482
9 years$7,103$6,489$5,923$5,404$4,927$4,574
10 years$6,327$5,719$5,164$4,658$4,198$3,861
11 years$5,694$5,092$4,546$4,054$3,610$3,288
12 years$5,166$4,570$4,035$3,556$3,129$2,821
13 years$4,720$4,130$3,605$3,139$2,728$2,435
14 years$4,337$3,754$3,239$2,787$2,392$2,113
15 years$4,006$3,429$2,924$2,485$2,106$1,841
16 years$3,717$3,146$2,651$2,225$1,861$1,610
17 years$3,462$2,898$2,413$1,999$1,650$1,412
18 years$3,236$2,678$2,202$1,802$1,467$1,241
19 years$3,033$2,482$2,016$1,628$1,308$1,094
20 years$2,851$2,306$1,850$1,475$1,168$966
21 years$2,687$2,148$1,702$1,338$1,045$854
22 years$2,538$2,005$1,569$1,217$937$757
23 years$2,402$1,875$1,448$1,108$841$671
24 years$2,277$1,757$1,339$1,011$756$596
25 years$2,163$1,649$1,241$923$680$530
26 years$2,058$1,550$1,151$844$613$472
27 years$1,960$1,458$1,068$772$552$420
28 years$1,870$1,374$993$708$498$374
29 years$1,786$1,296$924$649$450$334
30 years$1,708$1,224$861$596$407$298
31 years$1,635$1,157$803$547$368$266
32 years$1,567$1,095$749$503$333$237
33 years$1,503$1,037$699$462$301$212
34 years$1,442$983$653$425$273$189
35 years$1,386$932$611$392$247$169
36 years$1,333$885$571$361$224$151
37 years$1,282$840$535$332$203$135
38 years$1,235$799$501$306$184$121
39 years$1,190$760$469$282$167$108
40 years$1,147$723$440$260$151$97
41 years$1,107$688$412$240$137$87
42 years$1,068$655$387$222$124$78
43 years$1,032$624$363$205$113$69
44 years$997$595$341$189$103$62
45 years$964$567$320$175$93$56
46 years$932$541$300$161$84$50
47 years$902$517$282$149$77$45
48 years$873$493$265$138$70$40
49 years$846$471$249$127$63$36
50 years$819$450$234$118$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $839,000, adding $2,454 every year, while hoping to spend $41,196 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: 47/33/20 Blend
54$839,000$839,000$839,000$839,000
55$927,109$882,642$869,638$965,306
56$977,842$882,060$854,938$991,626
57$1,032,369$880,068$838,366$1,015,850
58$1,091,034$876,554$819,814$1,041,285
59$1,154,213$871,399$799,172$1,068,060
60$1,222,321$864,476$776,322$1,096,324
61$1,295,813$855,650$751,144$1,126,240
62$1,375,189$844,780$723,511$1,157,991
63$1,460,998$831,714$693,288$1,191,783
64$1,553,845$816,293$660,338$1,227,844
65$1,654,392$798,346$624,514$1,266,429
66$1,763,369$777,695$585,665$1,307,823
67$1,881,580$754,149$543,632$1,352,343
68$2,009,906$727,507$498,248$1,400,343
69$2,149,318$697,556$449,341$1,452,214
70$2,300,883$664,071$396,729$1,508,396
71$2,465,777$626,815$340,223$1,569,376
72$2,645,292$585,534$279,626$1,635,693
73$2,840,849$539,962$214,731$1,707,951
74$3,054,014$489,819$145,322$1,786,819
75$3,286,508$434,805$71,176$1,873,037
76$3,540,228$374,606$0$1,967,433
77$3,817,260$308,891$0$2,072,616
78$4,119,901$237,307$0$2,204,226
79$4,450,680$159,484$0$2,348,238
80$4,812,380$75,030$0$2,505,959
81$5,208,068$0$0$2,678,832
82$5,641,117$0$0$2,874,435
83$6,115,246$0$0$3,118,514
84$6,634,545$0$0$3,385,942
85$7,203,523$0$0$3,679,052
86$7,827,142$0$0$4,000,414
87$8,510,869$0$0$4,352,856
88$9,260,726$0$0$4,739,496
89$10,083,343$0$0$5,163,766
90$10,986,025$0$0$5,629,449
91$11,976,816$0$0$6,140,709
92$13,064,581$0$0$6,702,135
93$14,259,080$0$0$7,318,782
94$15,571,069$0$0$7,996,216
95$17,012,394$0$0$8,740,573
96$18,596,106$0$0$9,558,610
97$20,336,582$0$0$10,457,771
98$22,249,663$0$0$11,446,258
99$24,352,799$0$0$12,533,108
100$26,665,215$0$0$13,728,275