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%12.5%
1 years$69,614$68,994$68,389$67,799$67,222$66,520
2 years$34,462$33,821$33,199$32,595$32,010$31,304
3 years$22,747$22,102$21,482$20,884$20,309$19,619
4 years$16,890$16,247$15,633$15,046$14,484$13,817
5 years$13,377$12,738$12,132$11,557$11,011$10,367
6 years$11,036$10,402$9,804$9,242$8,712$8,094
7 years$9,364$8,735$8,148$7,598$7,086$6,493
8 years$8,111$7,488$6,910$6,374$5,878$5,310
9 years$7,137$6,519$5,951$5,429$4,950$4,408
10 years$6,358$5,747$5,189$4,680$4,218$3,700
11 years$5,721$5,116$4,568$4,073$3,628$3,134
12 years$5,190$4,592$4,054$3,573$3,144$2,674
13 years$4,742$4,150$3,622$3,154$2,741$2,295
14 years$4,358$3,772$3,254$2,800$2,403$1,979
15 years$4,025$3,446$2,938$2,497$2,116$1,714
16 years$3,735$3,161$2,664$2,236$1,870$1,489
17 years$3,479$2,911$2,424$2,009$1,658$1,298
18 years$3,251$2,690$2,213$1,810$1,474$1,134
19 years$3,048$2,493$2,026$1,636$1,314$993
20 years$2,865$2,317$1,859$1,482$1,174$871
21 years$2,700$2,158$1,710$1,345$1,050$765
22 years$2,550$2,015$1,576$1,223$941$673
23 years$2,413$1,884$1,455$1,113$845$593
24 years$2,288$1,765$1,346$1,015$760$523
25 years$2,173$1,657$1,247$927$684$462
26 years$2,067$1,557$1,156$848$616$408
27 years$1,970$1,465$1,074$776$555$361
28 years$1,879$1,381$998$711$501$319
29 years$1,795$1,303$929$652$452$282
30 years$1,716$1,230$865$598$409$250
31 years$1,643$1,163$806$550$369$222
32 years$1,574$1,100$752$505$334$196
33 years$1,510$1,042$703$465$302$174
34 years$1,449$988$656$427$274$154
35 years$1,392$937$614$393$248$137
36 years$1,339$889$574$362$225$122
37 years$1,288$844$537$334$204$108
38 years$1,241$803$503$308$185$96
39 years$1,195$763$471$284$167$85
40 years$1,153$726$442$262$152$75
41 years$1,112$691$414$241$138$67
42 years$1,073$658$389$223$125$60
43 years$1,037$627$365$206$113$53
44 years$1,002$598$342$190$103$47
45 years$968$570$321$175$94$42
46 years$937$544$302$162$85$37
47 years$906$519$284$150$77$33
48 years$877$495$267$138$70$29
49 years$850$473$251$128$64$26
50 years$823$452$236$118$58$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $843,000, adding $2,757 every year, while hoping to spend $48,706 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: 70/12/18 Blend
54$843,000$843,000$843,000$843,000
55$931,830$887,151$874,084$992,857
56$975,054$878,798$851,543$1,025,510
57$1,021,054$868,404$826,615$1,055,184
58$1,070,062$855,817$799,167$1,086,439
59$1,122,333$840,876$769,064$1,119,424
60$1,178,143$823,412$736,160$1,154,306
61$1,237,798$803,243$700,305$1,191,269
62$1,301,632$780,180$661,344$1,230,518
63$1,370,010$754,021$619,111$1,272,279
64$1,443,335$724,552$573,435$1,316,804
65$1,522,047$691,546$524,136$1,364,371
66$1,606,629$654,766$471,028$1,415,288
67$1,697,613$613,957$413,915$1,469,897
68$1,795,581$568,852$352,593$1,528,575
69$1,901,173$519,169$286,848$1,591,741
70$2,015,092$464,608$216,457$1,659,860
71$2,138,112$404,854$141,189$1,733,443
72$2,271,080$339,572$60,799$1,813,058
73$2,414,929$268,411$0$1,899,334
74$2,570,686$190,996$0$1,997,767
75$2,739,476$106,936$0$2,117,097
76$2,922,541$15,814$0$2,246,541
77$3,121,243$0$0$2,387,093
78$3,337,081$0$0$2,550,787
79$3,571,706$0$0$2,731,037
80$3,826,930$0$0$2,927,156
81$4,104,751$0$0$3,140,682
82$4,407,366$0$0$3,373,308
83$4,737,191$0$0$3,626,899
84$5,096,886$0$0$3,903,506
85$5,489,380$0$0$4,205,387
86$5,917,896$0$0$4,535,027
87$6,385,982$0$0$4,895,162
88$6,897,543$0$0$5,288,804
89$7,456,879$0$0$5,719,269
90$8,068,724$0$0$6,190,208
91$8,738,292$0$0$6,705,642
92$9,471,323$0$0$7,269,997
93$10,274,137$0$0$7,888,148
94$11,153,695$0$0$8,565,463
95$12,117,663$0$0$9,307,856
96$13,174,485$0$0$10,121,837
97$14,333,458$0$0$11,014,578
98$15,604,824$0$0$11,993,979
99$16,999,864$0$0$13,068,740
100$18,531,004$0$0$14,248,446