Can I retire at age 55 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$69,697$69,076$68,470$67,879$67,302$64,734
2 years$34,503$33,861$33,238$32,634$32,048$29,491
3 years$22,774$22,128$21,507$20,909$20,333$17,867
4 years$16,910$16,267$15,652$15,064$14,502$12,146
5 years$13,393$12,753$12,146$11,570$11,024$8,785
6 years$11,049$10,414$9,816$9,253$8,723$6,602
7 years$9,375$8,746$8,157$7,607$7,094$5,090
8 years$8,120$7,497$6,918$6,382$5,885$3,996
9 years$7,145$6,527$5,958$5,436$4,956$3,180
10 years$6,365$5,753$5,195$4,686$4,223$2,556
11 years$5,728$5,122$4,573$4,078$3,632$2,071
12 years$5,197$4,597$4,059$3,577$3,147$1,687
13 years$4,748$4,154$3,626$3,158$2,744$1,382
14 years$4,363$3,776$3,258$2,803$2,406$1,136
15 years$4,030$3,450$2,942$2,500$2,118$937
16 years$3,739$3,165$2,667$2,238$1,872$775
17 years$3,483$2,915$2,427$2,011$1,660$642
18 years$3,255$2,693$2,215$1,813$1,476$533
19 years$3,051$2,496$2,028$1,638$1,316$443
20 years$2,868$2,320$1,861$1,483$1,175$368
21 years$2,703$2,161$1,712$1,346$1,052$307
22 years$2,553$2,017$1,578$1,224$943$256
23 years$2,416$1,886$1,457$1,115$846$213
24 years$2,291$1,767$1,347$1,017$760$178
25 years$2,176$1,659$1,248$929$684$149
26 years$2,070$1,559$1,157$849$616$124
27 years$1,972$1,467$1,075$777$556$104
28 years$1,881$1,382$999$712$501$87
29 years$1,797$1,304$930$653$453$72
30 years$1,718$1,232$866$599$409$61
31 years$1,645$1,164$807$550$370$51
32 years$1,576$1,102$753$506$335$42
33 years$1,511$1,043$703$465$303$35
34 years$1,451$989$657$428$274$30
35 years$1,394$938$614$394$248$25
36 years$1,340$890$575$363$225$21
37 years$1,290$845$538$334$204$17
38 years$1,242$803$504$308$185$15
39 years$1,197$764$472$284$168$12
40 years$1,154$727$442$262$152$10
41 years$1,113$692$415$242$138$8
42 years$1,075$659$389$223$125$7
43 years$1,038$628$365$206$114$6
44 years$1,003$599$343$190$103$5
45 years$969$571$322$176$94$4
46 years$938$544$302$162$85$3
47 years$907$520$284$150$77$3
48 years$878$496$267$138$70$2
49 years$851$474$251$128$64$2
50 years$824$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 $844,000, adding $4,594 every year, while hoping to spend $39,077 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: 83/11/6 Blend
54$844,000$844,000$844,000$844,000
55$934,827$890,095$877,013$1,011,704
56$988,601$892,132$864,815$1,064,632
57$1,046,551$892,959$850,899$1,116,990
58$1,109,061$892,476$835,166$1,173,258
59$1,176,554$890,575$817,512$1,233,805
60$1,249,493$887,144$797,830$1,299,036
61$1,328,390$882,062$776,005$1,369,396
62$1,413,804$875,202$751,920$1,445,377
63$1,506,353$866,428$725,450$1,527,519
64$1,606,715$855,597$696,467$1,616,419
65$1,715,636$842,557$664,834$1,712,732
66$1,833,935$827,146$630,410$1,817,182
67$1,962,514$809,194$593,047$1,930,565
68$2,102,367$788,521$552,590$2,053,758
69$2,254,584$764,934$508,878$2,187,727
70$2,420,367$738,232$461,741$2,333,539
71$2,601,038$708,199$411,003$2,492,366
72$2,798,053$674,609$356,480$2,665,502
73$3,013,011$637,222$297,979$2,854,372
74$3,247,676$595,784$235,300$3,060,547
75$3,503,989$550,027$168,232$3,285,758
76$3,784,084$499,667$96,556$3,531,912
77$4,090,314$444,404$20,043$3,801,111
78$4,425,267$383,921$0$4,095,672
79$4,791,794$317,883$0$4,422,093
80$5,193,034$245,936$0$4,780,870
81$5,632,444$167,707$0$5,173,836
82$6,113,830$82,801$0$5,604,428
83$6,641,384$0$0$6,076,433
84$7,219,722$0$0$6,595,135
85$7,853,930$0$0$7,174,953
86$8,549,607$0$0$7,810,987
87$9,312,923$0$0$8,508,878
88$10,150,672$0$0$9,274,841
89$11,070,337$0$0$10,115,720
90$12,080,164$0$0$11,039,058
91$13,189,234$0$0$12,053,159
92$14,407,551$0$0$13,167,173
93$15,746,136$0$0$14,391,182
94$17,217,131$0$0$15,736,290
95$18,833,911$0$0$17,214,732
96$20,611,213$0$0$18,839,984
97$22,565,272$0$0$20,626,897
98$24,713,973$0$0$22,591,829
99$27,077,024$0$0$24,752,806
100$29,676,136$0$0$27,129,686