Can I retire at age 55 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$69,532$68,912$68,308$67,718$67,142$65,439
2 years$34,422$33,781$33,159$32,557$31,973$30,268
3 years$22,720$22,076$21,456$20,859$20,285$18,632
4 years$16,870$16,228$15,615$15,028$14,467$12,879
5 years$13,361$12,723$12,118$11,543$10,998$9,478
6 years$11,023$10,389$9,793$9,231$8,702$7,253
7 years$9,353$8,725$8,138$7,589$7,077$5,698
8 years$8,101$7,479$6,902$6,367$5,871$4,562
9 years$7,128$6,512$5,944$5,423$4,944$3,704
10 years$6,350$5,740$5,182$4,675$4,213$3,039
11 years$5,714$5,110$4,562$4,068$3,623$2,515
12 years$5,184$4,586$4,049$3,568$3,140$2,095
13 years$4,736$4,145$3,618$3,150$2,738$1,755
14 years$4,353$3,767$3,250$2,797$2,400$1,476
15 years$4,021$3,442$2,935$2,494$2,113$1,246
16 years$3,730$3,158$2,661$2,233$1,868$1,055
17 years$3,474$2,908$2,421$2,006$1,656$896
18 years$3,247$2,687$2,210$1,808$1,472$762
19 years$3,044$2,490$2,023$1,634$1,312$649
20 years$2,862$2,314$1,857$1,480$1,172$554
21 years$2,697$2,156$1,708$1,343$1,049$473
22 years$2,547$2,012$1,574$1,221$940$405
23 years$2,411$1,882$1,453$1,112$844$346
24 years$2,286$1,763$1,344$1,014$759$297
25 years$2,171$1,655$1,245$926$683$254
26 years$2,065$1,555$1,155$847$615$218
27 years$1,967$1,464$1,072$775$554$187
28 years$1,877$1,379$997$710$500$161
29 years$1,792$1,301$928$651$452$138
30 years$1,714$1,229$864$598$408$119
31 years$1,641$1,162$806$549$369$102
32 years$1,572$1,099$752$505$334$88
33 years$1,508$1,041$702$464$302$75
34 years$1,448$986$656$427$274$65
35 years$1,391$936$613$393$248$56
36 years$1,337$888$573$362$224$48
37 years$1,287$843$537$333$203$41
38 years$1,239$802$503$307$184$35
39 years$1,194$762$471$283$167$30
40 years$1,151$725$441$261$152$26
41 years$1,111$690$414$241$138$23
42 years$1,072$657$388$223$125$19
43 years$1,035$626$364$205$113$17
44 years$1,000$597$342$190$103$14
45 years$967$569$321$175$93$12
46 years$935$543$302$162$85$11
47 years$905$518$283$150$77$9
48 years$876$495$266$138$70$8
49 years$849$473$250$128$64$7
50 years$822$451$235$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $842,000, adding $4,534 every year, while hoping to spend $28,172 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: 38/32/30 Blend
54$842,000$842,000$842,000$842,000
55$932,561$887,935$874,884$959,537
56$997,707$901,469$874,218$993,389
57$1,068,554$914,722$872,585$1,027,061
58$1,145,654$927,650$869,924$1,062,924
59$1,229,613$940,208$866,168$1,101,199
60$1,321,100$952,344$861,251$1,142,126
61$1,420,849$964,006$855,100$1,185,974
62$1,529,670$975,137$847,641$1,233,038
63$1,648,454$985,676$838,794$1,283,648
64$1,778,181$995,558$828,478$1,338,167
65$1,919,929$1,004,715$816,606$1,396,996
66$2,074,888$1,013,072$803,088$1,460,581
67$2,244,365$1,020,550$787,830$1,529,414
68$2,429,800$1,027,068$770,733$1,604,040
69$2,632,780$1,032,534$751,693$1,685,059
70$2,855,051$1,036,856$730,601$1,773,140
71$3,098,536$1,039,931$707,346$1,869,018
72$3,365,353$1,041,654$681,809$1,973,507
73$3,657,834$1,041,910$653,864$2,087,509
74$3,978,549$1,040,580$623,384$2,212,017
75$4,330,326$1,037,533$590,233$2,348,133
76$4,716,283$1,032,636$554,269$2,497,071
77$5,139,851$1,025,743$515,345$2,660,176
78$5,604,813$1,016,701$473,306$2,838,930
79$6,115,332$1,005,348$427,990$3,034,975
80$6,675,998$991,511$379,229$3,250,121
81$7,291,863$975,010$326,848$3,486,368
82$7,968,497$955,649$270,661$3,745,928
83$8,712,033$933,225$210,477$4,031,240
84$9,529,228$907,520$146,096$4,345,000
85$10,427,527$878,307$77,308$4,690,182
86$11,415,132$845,340$3,894$5,070,073
87$12,501,078$808,364$0$5,488,300
88$13,695,320$767,107$0$5,972,697
89$15,008,829$721,281$0$6,506,734
90$16,453,687$670,582$0$7,094,119
91$18,043,211$614,688$0$7,740,320
92$19,792,071$553,260$0$8,451,365
93$21,716,430$485,938$0$9,233,903
94$23,834,100$412,343$0$10,095,264
95$26,164,704$332,073$0$11,043,529
96$28,729,864$244,705$0$12,087,611
97$31,553,406$149,791$0$13,237,335
98$34,661,582$46,859$0$14,503,535
99$38,083,318$0$0$15,898,157
100$41,850,488$0$0$17,457,114