Can I retire at age 55 with 844,000?

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 $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%16.4%
1 years$69,697$69,076$68,470$67,879$67,302$65,542
2 years$34,503$33,861$33,238$32,634$32,048$30,287
3 years$22,774$22,128$21,507$20,909$20,333$18,626
4 years$16,910$16,267$15,652$15,064$14,502$12,861
5 years$13,393$12,753$12,146$11,570$11,024$9,455
6 years$11,049$10,414$9,816$9,253$8,723$7,227
7 years$9,375$8,746$8,157$7,607$7,094$5,672
8 years$8,120$7,497$6,918$6,382$5,885$4,535
9 years$7,145$6,527$5,958$5,436$4,956$3,678
10 years$6,365$5,753$5,195$4,686$4,223$3,014
11 years$5,728$5,122$4,573$4,078$3,632$2,491
12 years$5,197$4,597$4,059$3,577$3,147$2,073
13 years$4,748$4,154$3,626$3,158$2,744$1,733
14 years$4,363$3,776$3,258$2,803$2,406$1,456
15 years$4,030$3,450$2,942$2,500$2,118$1,228
16 years$3,739$3,165$2,667$2,238$1,872$1,038
17 years$3,483$2,915$2,427$2,011$1,660$880
18 years$3,255$2,693$2,215$1,813$1,476$747
19 years$3,051$2,496$2,028$1,638$1,316$636
20 years$2,868$2,320$1,861$1,483$1,175$542
21 years$2,703$2,161$1,712$1,346$1,052$462
22 years$2,553$2,017$1,578$1,224$943$395
23 years$2,416$1,886$1,457$1,115$846$337
24 years$2,291$1,767$1,347$1,017$760$288
25 years$2,176$1,659$1,248$929$684$247
26 years$2,070$1,559$1,157$849$616$211
27 years$1,972$1,467$1,075$777$556$181
28 years$1,881$1,382$999$712$501$155
29 years$1,797$1,304$930$653$453$133
30 years$1,718$1,232$866$599$409$114
31 years$1,645$1,164$807$550$370$98
32 years$1,576$1,102$753$506$335$84
33 years$1,511$1,043$703$465$303$72
34 years$1,451$989$657$428$274$62
35 years$1,394$938$614$394$248$53
36 years$1,340$890$575$363$225$46
37 years$1,290$845$538$334$204$39
38 years$1,242$803$504$308$185$34
39 years$1,197$764$472$284$168$29
40 years$1,154$727$442$262$152$25
41 years$1,113$692$415$242$138$21
42 years$1,075$659$389$223$125$18
43 years$1,038$628$365$206$114$16
44 years$1,003$599$343$190$103$13
45 years$969$571$322$176$94$12
46 years$938$544$302$162$85$10
47 years$907$520$284$150$77$9
48 years$878$496$267$138$70$7
49 years$851$474$251$128$64$6
50 years$824$452$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $844,000, adding $2,634 every year, while hoping to spend $23,934 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: 61/18/21 Blend
54$844,000$844,000$844,000$844,000
55$932,805$888,073$874,991$984,428
56$1,002,485$906,123$878,838$1,037,712
57$1,078,471$924,255$882,011$1,092,966
58$1,161,380$942,449$884,463$1,152,731
59$1,251,892$960,680$886,144$1,217,449
60$1,350,756$978,924$887,001$1,287,607
61$1,458,796$997,154$886,978$1,363,742
62$1,576,919$1,015,341$886,018$1,446,445
63$1,706,125$1,033,452$884,059$1,536,370
64$1,847,513$1,051,455$881,038$1,634,235
65$2,002,294$1,069,311$876,888$1,740,834
66$2,171,803$1,086,982$871,539$1,857,039
67$2,357,508$1,104,425$864,916$1,983,815
68$2,561,026$1,121,594$856,943$2,122,224
69$2,784,140$1,138,441$847,540$2,273,436
70$3,028,810$1,154,913$836,621$2,438,743
71$3,297,199$1,170,954$824,097$2,619,566
72$3,591,685$1,186,503$809,877$2,817,476
73$3,914,892$1,201,497$793,863$3,034,200
74$4,269,707$1,215,866$775,953$3,271,646
75$4,659,311$1,229,537$756,042$3,531,915
76$5,087,209$1,242,433$734,017$3,817,324
77$5,557,261$1,254,468$709,763$4,130,427
78$6,073,719$1,265,555$683,158$4,474,040
79$6,641,269$1,275,598$654,074$4,851,267
80$7,265,073$1,284,496$622,380$5,265,529
81$7,950,815$1,292,141$587,935$5,720,599
82$8,704,762$1,298,420$550,594$6,220,634
83$9,533,814$1,303,209$510,205$6,770,218
84$10,445,577$1,306,380$466,611$7,374,405
85$11,448,427$1,307,794$419,644$8,038,764
86$12,551,597$1,307,306$369,132$8,769,436
87$13,765,256$1,304,760$314,894$9,573,188
88$15,100,610$1,299,992$256,741$10,457,482
89$16,570,006$1,292,825$194,476$11,430,542
90$18,187,048$1,283,075$127,892$12,501,432
91$19,966,726$1,270,545$56,776$13,680,146
92$21,925,556$1,255,025$0$14,977,699
93$24,081,737$1,236,296$0$16,410,514
94$26,455,321$1,214,121$0$18,001,547
95$29,068,404$1,188,253$0$19,752,867
96$31,945,333$1,158,429$0$21,680,791
97$35,112,934$1,124,369$0$23,803,299
98$38,600,770$1,085,780$0$26,140,209
99$42,441,415$1,042,349$0$28,713,356
100$46,670,761$993,746$0$31,546,807