Can I retire at age 55 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$69,614$68,994$68,389$67,799$67,222$65,597
2 years$34,462$33,821$33,199$32,595$32,010$30,383
3 years$22,747$22,102$21,482$20,884$20,309$18,730
4 years$16,890$16,247$15,633$15,046$14,484$12,966
5 years$13,377$12,738$12,132$11,557$11,011$9,557
6 years$11,036$10,402$9,804$9,242$8,712$7,325
7 years$9,364$8,735$8,148$7,598$7,086$5,765
8 years$8,111$7,488$6,910$6,374$5,878$4,623
9 years$7,137$6,519$5,951$5,429$4,950$3,760
10 years$6,358$5,747$5,189$4,680$4,218$3,092
11 years$5,721$5,116$4,568$4,073$3,628$2,563
12 years$5,190$4,592$4,054$3,573$3,144$2,140
13 years$4,742$4,150$3,622$3,154$2,741$1,795
14 years$4,358$3,772$3,254$2,800$2,403$1,513
15 years$4,025$3,446$2,938$2,497$2,116$1,280
16 years$3,735$3,161$2,664$2,236$1,870$1,086
17 years$3,479$2,911$2,424$2,009$1,658$924
18 years$3,251$2,690$2,213$1,810$1,474$788
19 years$3,048$2,493$2,026$1,636$1,314$673
20 years$2,865$2,317$1,859$1,482$1,174$575
21 years$2,700$2,158$1,710$1,345$1,050$493
22 years$2,550$2,015$1,576$1,223$941$422
23 years$2,413$1,884$1,455$1,113$845$362
24 years$2,288$1,765$1,346$1,015$760$311
25 years$2,173$1,657$1,247$927$684$267
26 years$2,067$1,557$1,156$848$616$230
27 years$1,970$1,465$1,074$776$555$198
28 years$1,879$1,381$998$711$501$170
29 years$1,795$1,303$929$652$452$147
30 years$1,716$1,230$865$598$409$126
31 years$1,643$1,163$806$550$369$109
32 years$1,574$1,100$752$505$334$94
33 years$1,510$1,042$703$465$302$81
34 years$1,449$988$656$427$274$70
35 years$1,392$937$614$393$248$60
36 years$1,339$889$574$362$225$52
37 years$1,288$844$537$334$204$45
38 years$1,241$803$503$308$185$38
39 years$1,195$763$471$284$167$33
40 years$1,153$726$442$262$152$29
41 years$1,112$691$414$241$138$25
42 years$1,073$658$389$223$125$21
43 years$1,037$627$365$206$113$18
44 years$1,002$598$342$190$103$16
45 years$968$570$321$175$94$14
46 years$937$544$302$162$85$12
47 years$906$519$284$150$77$10
48 years$877$495$267$138$70$9
49 years$850$473$251$128$64$8
50 years$823$452$236$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $843,000, adding $4,392 every year, while hoping to spend $39,644 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: 63/7/30 Blend
54$843,000$843,000$843,000$843,000
55$933,516$888,837$875,771$984,551
56$986,554$890,209$862,928$1,021,123
57$1,043,673$890,320$848,327$1,056,363
58$1,105,248$889,066$831,866$1,094,022
59$1,171,689$886,336$813,439$1,134,346
60$1,243,449$882,014$792,937$1,177,606
61$1,321,024$875,977$770,244$1,224,101
62$1,404,961$868,092$745,240$1,274,164
63$1,495,859$858,220$717,797$1,328,161
64$1,594,377$846,213$687,784$1,386,500
65$1,701,241$831,916$655,062$1,449,628
66$1,817,249$815,161$619,488$1,518,045
67$1,943,278$795,773$580,911$1,592,298
68$2,080,294$773,567$539,172$1,672,996
69$2,229,356$748,345$494,107$1,760,809
70$2,391,635$719,898$445,544$1,856,482
71$2,568,415$688,006$393,303$1,960,833
72$2,761,111$652,436$337,196$2,074,771
73$2,971,279$612,940$277,027$2,199,297
74$3,200,634$569,258$212,592$2,335,517
75$3,451,060$521,114$143,675$2,484,656
76$3,724,635$468,215$70,055$2,648,064
77$4,023,644$410,254$0$2,827,233
78$4,350,603$346,904$0$3,026,536
79$4,708,284$277,821$0$3,269,176
80$5,099,736$202,641$0$3,534,795
81$5,528,319$120,981$0$3,825,697
82$5,997,733$32,434$0$4,144,420
83$6,512,051$0$0$4,493,760
84$7,075,760$0$0$4,881,684
85$7,693,800$0$0$5,309,797
86$8,371,615$0$0$5,779,378
87$9,115,198$0$0$6,294,587
88$9,931,151$0$0$6,860,008
89$10,826,746$0$0$7,480,688
90$11,809,995$0$0$8,162,188
91$12,889,721$0$0$8,910,633
92$14,075,645$0$0$9,732,770
93$15,378,476$0$0$10,636,032
94$16,810,009$0$0$11,628,609
95$18,383,241$0$0$12,719,520
96$20,112,488$0$0$13,918,706
97$22,013,525$0$0$15,237,115
98$24,103,729$0$0$16,686,811
99$26,402,246$0$0$18,281,085
100$28,930,169$0$0$20,034,580