Can I retire at age 55 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$69,449$68,830$68,227$67,638$67,063$65,762
2 years$34,381$33,740$33,120$32,518$31,935$30,630
3 years$22,693$22,050$21,431$20,835$20,261$18,992
4 years$16,850$16,209$15,596$15,010$14,450$13,228
5 years$13,345$12,708$12,103$11,529$10,985$9,812
6 years$11,009$10,377$9,781$9,220$8,692$7,570
7 years$9,342$8,715$8,128$7,580$7,069$5,998
8 years$8,091$7,470$6,893$6,359$5,864$4,844
9 years$7,120$6,504$5,937$5,416$4,939$3,968
10 years$6,343$5,733$5,176$4,669$4,208$3,287
11 years$5,707$5,104$4,557$4,063$3,619$2,746
12 years$5,178$4,581$4,044$3,564$3,136$2,310
13 years$4,731$4,140$3,613$3,147$2,735$1,954
14 years$4,348$3,763$3,247$2,793$2,397$1,661
15 years$4,016$3,437$2,931$2,491$2,111$1,417
16 years$3,726$3,154$2,658$2,230$1,865$1,212
17 years$3,470$2,905$2,418$2,004$1,654$1,040
18 years$3,243$2,684$2,208$1,806$1,471$895
19 years$3,041$2,487$2,021$1,632$1,311$771
20 years$2,858$2,311$1,855$1,478$1,171$665
21 years$2,694$2,153$1,706$1,341$1,048$575
22 years$2,544$2,010$1,572$1,220$939$497
23 years$2,408$1,880$1,452$1,111$843$431
24 years$2,283$1,761$1,343$1,013$758$373
25 years$2,168$1,653$1,244$925$682$324
26 years$2,063$1,553$1,153$846$614$281
27 years$1,965$1,462$1,071$774$554$244
28 years$1,874$1,378$996$709$500$212
29 years$1,790$1,300$926$651$451$185
30 years$1,712$1,227$863$597$408$161
31 years$1,639$1,160$805$548$369$140
32 years$1,570$1,098$751$504$333$122
33 years$1,506$1,040$701$463$302$106
34 years$1,446$985$655$426$273$92
35 years$1,389$935$612$393$247$80
36 years$1,336$887$573$362$224$70
37 years$1,285$842$536$333$203$61
38 years$1,238$801$502$307$184$53
39 years$1,193$761$470$283$167$46
40 years$1,150$724$441$261$152$40
41 years$1,109$689$413$241$137$35
42 years$1,071$657$388$222$125$31
43 years$1,034$626$364$205$113$27
44 years$999$596$342$189$103$23
45 years$966$569$321$175$93$20
46 years$934$543$301$162$85$18
47 years$904$518$283$149$77$15
48 years$875$494$266$138$70$13
49 years$848$472$250$128$63$12
50 years$821$451$235$118$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $841,000, adding $5,644 every year, while hoping to spend $51,502 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: 38/43/19 Blend
54$841,000$841,000$841,000$841,000
55$932,604$888,031$874,995$962,534
56$972,932$876,747$849,510$973,340
57$1,015,647$863,183$821,445$979,713
58$1,060,938$847,175$790,659$985,531
59$1,109,013$828,546$757,005$990,773
60$1,160,097$807,109$720,329$995,419
61$1,214,438$782,668$680,471$999,452
62$1,272,305$755,013$637,261$1,002,859
63$1,333,996$723,925$590,525$1,005,630
64$1,399,834$689,168$540,079$1,007,759
65$1,470,176$650,496$485,730$1,009,246
66$1,545,411$607,647$427,279$1,010,097
67$1,625,966$560,345$364,516$1,010,325
68$1,712,310$508,297$297,222$1,009,951
69$1,804,956$451,194$225,170$1,009,008
70$1,904,470$388,710$148,121$1,007,537
71$2,011,468$320,500$65,826$1,005,592
72$2,126,632$246,199$0$1,003,244
73$2,250,708$165,422$0$1,005,038
74$2,384,515$77,762$0$1,021,150
75$2,528,953$0$0$1,038,403
76$2,685,013$0$0$1,065,151
77$2,853,781$0$0$1,133,959
78$3,036,452$0$0$1,208,530
79$3,234,341$0$0$1,289,413
80$3,448,892$0$0$1,377,211
81$3,681,694$0$0$1,472,587
82$3,934,493$0$0$1,576,271
83$4,209,212$0$0$1,689,065
84$4,507,964$0$0$1,811,853
85$4,833,076$0$0$1,945,605
86$5,187,106$0$0$2,091,393
87$5,572,870$0$0$2,250,391
88$5,993,467$0$0$2,423,897
89$6,452,309$0$0$2,613,334
90$6,953,149$0$0$2,820,274
91$7,500,120$0$0$3,046,444
92$8,097,771$0$0$3,293,745
93$8,751,110$0$0$3,564,274
94$9,465,652$0$0$3,860,334
95$10,247,468$0$0$4,184,468
96$11,103,244$0$0$4,539,469
97$12,040,340$0$0$4,928,419
98$13,066,864$0$0$5,354,708
99$14,191,744$0$0$5,822,071
100$15,424,811$0$0$6,334,623