Can I retire at age 55 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$69,779$69,158$68,551$67,959$67,381$64,965
2 years$34,544$33,901$33,277$32,673$32,086$29,678
3 years$22,801$22,155$21,533$20,934$20,357$18,032
4 years$16,930$16,286$15,670$15,082$14,519$12,295
5 years$13,409$12,768$12,161$11,584$11,037$8,921
6 years$11,062$10,426$9,828$9,264$8,733$6,726
7 years$9,386$8,756$8,167$7,616$7,102$5,204
8 years$8,130$7,506$6,926$6,389$5,892$4,100
9 years$7,153$6,535$5,965$5,442$4,962$3,275
10 years$6,373$5,760$5,201$4,691$4,228$2,642
11 years$5,734$5,128$4,579$4,083$3,636$2,149
12 years$5,203$4,603$4,064$3,581$3,151$1,758
13 years$4,753$4,159$3,630$3,162$2,748$1,446
14 years$4,368$3,781$3,262$2,807$2,409$1,194
15 years$4,035$3,454$2,945$2,503$2,121$989
16 years$3,744$3,169$2,670$2,241$1,874$821
17 years$3,487$2,918$2,430$2,014$1,662$683
18 years$3,259$2,697$2,218$1,815$1,478$570
19 years$3,055$2,499$2,031$1,640$1,317$476
20 years$2,872$2,322$1,864$1,485$1,176$398
21 years$2,706$2,163$1,714$1,348$1,053$333
22 years$2,556$2,019$1,580$1,225$944$279
23 years$2,419$1,889$1,459$1,116$847$233
24 years$2,294$1,770$1,349$1,018$761$196
25 years$2,179$1,661$1,249$930$685$164
26 years$2,072$1,561$1,159$850$617$138
27 years$1,974$1,469$1,076$778$556$116
28 years$1,883$1,384$1,000$713$502$97
29 years$1,799$1,306$931$654$453$82
30 years$1,720$1,233$867$600$410$69
31 years$1,647$1,166$808$551$370$58
32 years$1,578$1,103$754$506$335$48
33 years$1,513$1,045$704$466$303$41
34 years$1,453$990$658$428$274$34
35 years$1,396$939$615$394$249$29
36 years$1,342$891$575$363$225$24
37 years$1,291$846$539$335$204$20
38 years$1,244$804$504$308$185$17
39 years$1,198$765$473$284$168$14
40 years$1,155$728$443$262$152$12
41 years$1,115$693$415$242$138$10
42 years$1,076$660$390$223$125$9
43 years$1,039$629$366$206$114$7
44 years$1,004$599$343$190$103$6
45 years$971$571$322$176$94$5
46 years$939$545$303$162$85$4
47 years$908$520$284$150$77$4
48 years$879$497$267$139$70$3
49 years$852$474$251$128$64$3
50 years$825$453$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 $845,000, adding $3,503 every year, while hoping to spend $22,848 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: 30/41/29 Blend
54$845,000$845,000$845,000$845,000
55$934,803$890,018$876,921$954,442
56$1,005,843$909,319$881,988$989,434
57$1,083,363$928,800$886,458$1,024,827
58$1,168,001$948,445$890,289$1,062,453
59$1,260,456$968,239$893,433$1,102,524
60$1,361,502$988,161$895,842$1,145,271
61$1,471,987$1,008,193$897,465$1,190,951
62$1,592,848$1,028,313$898,248$1,239,850
63$1,725,114$1,048,496$898,135$1,292,279
64$1,869,919$1,068,716$897,066$1,348,586
65$2,028,514$1,088,946$894,981$1,409,152
66$2,202,273$1,109,155$891,813$1,474,400
67$2,392,710$1,129,309$887,495$1,544,796
68$2,601,496$1,149,374$881,955$1,620,855
69$2,830,467$1,169,312$875,118$1,703,145
70$3,081,646$1,189,080$866,907$1,792,295
71$3,357,264$1,208,635$857,238$1,888,998
72$3,659,775$1,227,928$846,026$1,994,020
73$3,991,885$1,246,909$833,181$2,108,205
74$4,356,572$1,265,523$818,607$2,232,487
75$4,757,120$1,283,711$802,208$2,367,896
76$5,197,143$1,301,409$783,878$2,515,569
77$5,680,624$1,318,551$763,511$2,676,762
78$6,211,951$1,335,064$740,992$2,852,861
79$6,795,959$1,350,871$716,204$3,045,394
80$7,437,973$1,365,890$689,023$3,256,051
81$8,143,861$1,380,033$659,320$3,486,695
82$8,920,086$1,393,206$626,959$3,739,382
83$9,773,771$1,405,309$591,798$4,016,381
84$10,712,763$1,416,236$553,690$4,320,197
85$11,745,707$1,425,874$512,481$4,653,593
86$12,882,129$1,434,102$468,009$5,019,617
87$14,132,524$1,440,791$420,106$5,421,635
88$15,508,457$1,445,805$368,595$5,863,357
89$17,022,669$1,448,999$313,292$6,348,879
90$18,689,199$1,450,218$254,006$6,882,718
91$20,523,518$1,449,299$190,535$7,469,858
92$22,542,670$1,446,068$122,671$8,115,797
93$24,765,436$1,440,339$50,195$8,826,599
94$27,212,513$1,431,918$0$9,608,953
95$29,906,702$1,420,595$0$10,478,639
96$32,873,132$1,406,151$0$11,452,514
97$36,139,491$1,388,351$0$12,524,083
98$39,736,286$1,366,948$0$13,703,325
99$43,697,138$1,341,679$0$15,001,240
100$48,059,091$1,312,266$0$16,429,956