Can I retire at age 55 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$69,366$68,749$68,146$67,557$66,983$65,205
2 years$34,340$33,700$33,080$32,479$31,897$30,118
3 years$22,666$22,023$21,405$20,810$20,236$18,512
4 years$16,830$16,190$15,578$14,992$14,433$12,777
5 years$13,329$12,693$12,089$11,516$10,972$9,388
6 years$10,996$10,365$9,770$9,209$8,681$7,172
7 years$9,331$8,704$8,119$7,571$7,060$5,625
8 years$8,082$7,461$6,885$6,351$5,857$4,496
9 years$7,111$6,496$5,930$5,410$4,933$3,643
10 years$6,335$5,726$5,170$4,663$4,203$2,984
11 years$5,700$5,098$4,552$4,059$3,615$2,465
12 years$5,172$4,575$4,039$3,560$3,132$2,049
13 years$4,725$4,135$3,609$3,143$2,731$1,713
14 years$4,342$3,758$3,243$2,790$2,394$1,438
15 years$4,011$3,433$2,928$2,488$2,108$1,211
16 years$3,722$3,150$2,654$2,228$1,863$1,023
17 years$3,466$2,901$2,415$2,002$1,652$867
18 years$3,240$2,681$2,205$1,804$1,469$736
19 years$3,037$2,484$2,019$1,630$1,309$625
20 years$2,855$2,309$1,853$1,476$1,169$532
21 years$2,690$2,150$1,704$1,340$1,047$454
22 years$2,541$2,007$1,570$1,218$938$387
23 years$2,405$1,877$1,450$1,109$842$331
24 years$2,280$1,759$1,341$1,012$757$283
25 years$2,166$1,651$1,242$924$681$242
26 years$2,060$1,551$1,152$845$613$207
27 years$1,963$1,460$1,070$773$553$177
28 years$1,872$1,376$994$709$499$152
29 years$1,788$1,298$925$650$451$130
30 years$1,710$1,226$862$596$407$111
31 years$1,637$1,159$804$548$368$95
32 years$1,568$1,096$750$503$333$82
33 years$1,504$1,038$700$463$301$70
34 years$1,444$984$654$426$273$60
35 years$1,387$933$612$392$247$52
36 years$1,334$886$572$361$224$44
37 years$1,284$841$535$333$203$38
38 years$1,236$800$501$307$184$33
39 years$1,191$760$470$283$167$28
40 years$1,148$723$440$261$151$24
41 years$1,108$689$413$241$137$21
42 years$1,069$656$387$222$125$18
43 years$1,033$625$363$205$113$15
44 years$998$596$341$189$103$13
45 years$965$568$320$175$93$11
46 years$933$542$301$161$85$10
47 years$903$517$283$149$77$8
48 years$874$494$266$138$70$7
49 years$847$471$250$127$63$6
50 years$820$450$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $840,000, adding $4,394 every year, while hoping to spend $34,784 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: 43/33/24 Blend
54$840,000$840,000$840,000$840,000
55$930,212$885,692$872,672$963,540
56$988,084$892,081$864,897$994,074
57$1,050,693$897,618$855,695$1,023,455
58$1,118,485$902,223$844,983$1,054,598
59$1,191,952$905,813$832,671$1,087,684
60$1,271,633$908,300$818,667$1,122,917
61$1,358,122$909,588$802,875$1,160,519
62$1,452,071$909,579$785,192$1,200,741
63$1,554,199$908,165$765,512$1,243,860
64$1,665,295$905,233$743,725$1,290,183
65$1,786,229$900,663$719,714$1,340,053
66$1,917,957$894,328$693,357$1,393,848
67$2,061,532$886,093$664,527$1,451,989
68$2,218,111$875,815$633,092$1,514,942
69$2,388,970$863,342$598,912$1,583,225
70$2,575,512$848,512$561,843$1,657,410
71$2,779,281$831,157$521,732$1,738,134
72$3,001,979$811,094$478,421$1,826,100
73$3,245,477$788,134$431,744$1,922,088
74$3,511,836$762,073$381,528$2,026,963
75$3,803,327$732,698$327,593$2,141,680
76$4,122,448$699,782$269,749$2,267,300
77$4,471,952$663,086$207,800$2,404,994
78$4,854,869$622,355$141,539$2,556,061
79$5,274,538$577,322$70,752$2,721,935
80$5,734,633$527,703$0$2,904,204
81$6,239,204$473,199$0$3,105,854
82$6,792,710$413,493$0$3,347,014
83$7,400,062$348,250$0$3,611,759
84$8,066,671$277,117$0$3,902,529
85$8,798,495$199,720$0$4,222,019
86$9,602,100$115,664$0$4,573,202
87$10,484,717$24,534$0$4,959,360
88$11,454,311$0$0$5,384,116
89$12,519,659$0$0$5,878,378
90$13,690,429$0$0$6,431,451
91$14,977,270$0$0$7,039,473
92$16,391,917$0$0$7,708,002
93$17,947,298$0$0$8,443,161
94$19,657,654$0$0$9,251,698
95$21,538,679$0$0$10,141,048
96$23,607,661$0$0$11,119,399
97$25,883,647$0$0$12,195,777
98$28,387,627$0$0$13,380,125
99$31,142,723$0$0$14,683,399
100$34,174,416$0$0$16,117,669