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%14.3%
1 years$69,284$68,667$68,065$67,477$66,903$65,714
2 years$34,299$33,660$33,041$32,441$31,859$30,664
3 years$22,639$21,997$21,380$20,785$20,212$19,050
4 years$16,810$16,170$15,559$14,975$14,416$13,295
5 years$13,313$12,678$12,074$11,502$10,959$9,882
6 years$10,983$10,352$9,758$9,198$8,671$7,641
7 years$9,320$8,694$8,109$7,562$7,052$6,068
8 years$8,072$7,452$6,877$6,344$5,850$4,912
9 years$7,103$6,489$5,923$5,404$4,927$4,033
10 years$6,327$5,719$5,164$4,658$4,198$3,349
11 years$5,694$5,092$4,546$4,054$3,610$2,805
12 years$5,166$4,570$4,035$3,556$3,129$2,366
13 years$4,720$4,130$3,605$3,139$2,728$2,006
14 years$4,337$3,754$3,239$2,787$2,392$1,710
15 years$4,006$3,429$2,924$2,485$2,106$1,463
16 years$3,717$3,146$2,651$2,225$1,861$1,255
17 years$3,462$2,898$2,413$1,999$1,650$1,080
18 years$3,236$2,678$2,202$1,802$1,467$932
19 years$3,033$2,482$2,016$1,628$1,308$805
20 years$2,851$2,306$1,850$1,475$1,168$697
21 years$2,687$2,148$1,702$1,338$1,045$604
22 years$2,538$2,005$1,569$1,217$937$524
23 years$2,402$1,875$1,448$1,108$841$455
24 years$2,277$1,757$1,339$1,011$756$396
25 years$2,163$1,649$1,241$923$680$345
26 years$2,058$1,550$1,151$844$613$300
27 years$1,960$1,458$1,068$772$552$262
28 years$1,870$1,374$993$708$498$228
29 years$1,786$1,296$924$649$450$199
30 years$1,708$1,224$861$596$407$174
31 years$1,635$1,157$803$547$368$152
32 years$1,567$1,095$749$503$333$132
33 years$1,503$1,037$699$462$301$116
34 years$1,442$983$653$425$273$101
35 years$1,386$932$611$392$247$88
36 years$1,333$885$571$361$224$77
37 years$1,282$840$535$332$203$67
38 years$1,235$799$501$306$184$59
39 years$1,190$760$469$282$167$51
40 years$1,147$723$440$260$151$45
41 years$1,107$688$412$240$137$39
42 years$1,068$655$387$222$124$34
43 years$1,032$624$363$205$113$30
44 years$997$595$341$189$103$26
45 years$964$567$320$175$93$23
46 years$932$541$300$161$84$20
47 years$902$517$282$149$77$18
48 years$873$493$265$138$70$15
49 years$846$471$249$127$63$13
50 years$819$450$234$118$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $839,000, adding $3,498 every year, while hoping to spend $23,877 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: 69/9/22 Blend
54$839,000$839,000$839,000$839,000
55$928,186$883,719$870,715$986,884
56$997,456$901,616$874,479$1,044,485
57$1,072,992$919,590$877,569$1,104,386
58$1,155,406$937,620$879,936$1,169,360
59$1,245,375$955,681$881,532$1,239,909
60$1,343,643$973,749$882,303$1,316,583
61$1,451,028$991,796$882,194$1,399,990
62$1,568,432$1,009,793$881,146$1,490,800
63$1,696,848$1,027,709$879,100$1,589,749
64$1,837,367$1,045,507$875,991$1,697,653
65$1,991,194$1,063,152$871,752$1,815,406
66$2,159,653$1,080,604$866,313$1,943,997
67$2,344,204$1,097,820$859,601$2,084,514
68$2,546,453$1,114,754$851,538$2,238,159
69$2,768,171$1,131,356$842,044$2,406,252
70$3,011,306$1,147,574$831,034$2,590,254
71$3,278,006$1,163,352$818,420$2,791,770
72$3,570,635$1,178,628$804,109$3,012,572
73$3,891,797$1,193,339$788,005$3,254,613
74$4,244,362$1,207,414$770,005$3,520,044
75$4,631,491$1,220,781$750,003$3,811,238
76$5,056,663$1,233,360$727,889$4,130,809
77$5,523,716$1,245,067$703,546$4,481,639
78$6,036,873$1,255,814$676,853$4,866,904
79$6,600,788$1,265,503$647,682$5,290,107
80$7,220,590$1,274,034$615,901$5,755,105
81$7,901,927$1,281,299$581,370$6,266,153
82$8,651,023$1,287,181$543,945$6,827,939
83$9,474,734$1,291,560$503,474$7,445,632
84$10,380,615$1,294,305$459,799$8,124,926
85$11,376,989$1,295,276$412,753$8,872,100
86$12,473,025$1,294,329$362,164$9,694,074
87$13,678,829$1,291,306$307,851$10,598,475
88$15,005,531$1,286,041$249,626$11,593,709
89$16,465,398$1,278,360$187,291$12,689,042
90$18,071,944$1,268,075$120,641$13,894,685
91$19,840,061$1,254,990$49,461$15,221,895
92$21,786,156$1,238,893$0$16,683,077
93$23,928,309$1,219,564$0$18,298,125
94$26,286,440$1,196,766$0$20,088,682
95$28,882,501$1,170,251$0$22,059,794
96$31,740,677$1,139,755$0$24,229,825
97$34,887,620$1,104,997$0$26,619,014
98$38,352,697$1,065,682$0$29,249,664
99$42,168,268$1,021,496$0$32,146,348
100$46,369,991$972,108$0$35,336,151