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%19.3%
1 years$69,614$68,994$68,389$67,799$67,222$64,708
2 years$34,462$33,821$33,199$32,595$32,010$29,507
3 years$22,747$22,102$21,482$20,884$20,309$17,894
4 years$16,890$16,247$15,633$15,046$14,484$12,177
5 years$13,377$12,738$12,132$11,557$11,011$8,816
6 years$11,036$10,402$9,804$9,242$8,712$6,632
7 years$9,364$8,735$8,148$7,598$7,086$5,120
8 years$8,111$7,488$6,910$6,374$5,878$4,024
9 years$7,137$6,519$5,951$5,429$4,950$3,206
10 years$6,358$5,747$5,189$4,680$4,218$2,580
11 years$5,721$5,116$4,568$4,073$3,628$2,093
12 years$5,190$4,592$4,054$3,573$3,144$1,708
13 years$4,742$4,150$3,622$3,154$2,741$1,401
14 years$4,358$3,772$3,254$2,800$2,403$1,153
15 years$4,025$3,446$2,938$2,497$2,116$952
16 years$3,735$3,161$2,664$2,236$1,870$789
17 years$3,479$2,911$2,424$2,009$1,658$654
18 years$3,251$2,690$2,213$1,810$1,474$544
19 years$3,048$2,493$2,026$1,636$1,314$453
20 years$2,865$2,317$1,859$1,482$1,174$377
21 years$2,700$2,158$1,710$1,345$1,050$315
22 years$2,550$2,015$1,576$1,223$941$263
23 years$2,413$1,884$1,455$1,113$845$219
24 years$2,288$1,765$1,346$1,015$760$183
25 years$2,173$1,657$1,247$927$684$153
26 years$2,067$1,557$1,156$848$616$128
27 years$1,970$1,465$1,074$776$555$107
28 years$1,879$1,381$998$711$501$90
29 years$1,795$1,303$929$652$452$75
30 years$1,716$1,230$865$598$409$63
31 years$1,643$1,163$806$550$369$53
32 years$1,574$1,100$752$505$334$44
33 years$1,510$1,042$703$465$302$37
34 years$1,449$988$656$427$274$31
35 years$1,392$937$614$393$248$26
36 years$1,339$889$574$362$225$22
37 years$1,288$844$537$334$204$18
38 years$1,241$803$503$308$185$15
39 years$1,195$763$471$284$167$13
40 years$1,153$726$442$262$152$11
41 years$1,112$691$414$241$138$9
42 years$1,073$658$389$223$125$8
43 years$1,037$627$365$206$113$6
44 years$1,002$598$342$190$103$5
45 years$968$570$321$175$94$4
46 years$937$544$302$162$85$4
47 years$906$519$284$150$77$3
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$2
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $843,000, adding $5,327 every year, while hoping to spend $52,377 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: 62/15/23 Blend
54$843,000$843,000$843,000$843,000
55$934,481$889,802$876,735$986,459
56$974,069$877,673$850,377$1,010,127
57$1,015,940$863,195$821,381$1,029,702
58$1,060,271$846,197$789,602$1,049,903
59$1,107,256$826,498$754,891$1,070,801
60$1,157,107$803,907$717,090$1,092,472
61$1,210,055$778,222$676,036$1,115,003
62$1,266,354$749,228$631,557$1,138,495
63$1,326,281$716,699$583,473$1,163,056
64$1,390,139$680,395$531,597$1,188,814
65$1,458,262$640,062$475,734$1,215,909
66$1,531,012$595,433$415,678$1,244,498
67$1,608,789$546,223$351,217$1,274,760
68$1,692,029$492,132$282,127$1,306,893
69$1,781,214$432,844$208,176$1,341,119
70$1,876,868$368,024$129,120$1,377,688
71$1,979,569$297,317$44,706$1,416,878
72$2,089,950$220,351$0$1,459,001
73$2,208,707$136,730$0$1,515,540
74$2,336,602$46,037$0$1,588,179
75$2,474,475$0$0$1,666,438
76$2,623,247$0$0$1,759,483
77$2,783,929$0$0$1,868,234
78$2,957,634$0$0$1,985,849
79$3,145,584$0$0$2,113,164
80$3,349,122$0$0$2,251,094
81$3,569,725$0$0$2,400,649
82$3,809,019$0$0$2,562,937
83$4,068,788$0$0$2,739,176
84$4,350,999$0$0$2,930,709
85$4,657,811$0$0$3,139,010
86$4,991,604$0$0$3,365,704
87$5,354,992$0$0$3,612,575
88$5,750,854$0$0$3,881,590
89$6,182,358$0$0$4,174,910
90$6,652,991$0$0$4,494,918
91$7,166,589$0$0$4,844,233
92$7,727,376$0$0$5,225,739
93$8,340,003$0$0$5,642,611
94$9,009,586$0$0$6,098,346
95$9,741,763$0$0$6,596,791
96$10,542,738$0$0$7,142,185
97$11,419,342$0$0$7,739,194
98$12,379,100$0$0$8,392,955
99$13,430,294$0$0$9,109,128
100$14,582,049$0$0$9,893,943