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%19.2%
1 years$69,779$69,158$68,551$67,959$67,381$64,888
2 years$34,544$33,901$33,277$32,673$32,086$29,602
3 years$22,801$22,155$21,533$20,934$20,357$17,960
4 years$16,930$16,286$15,670$15,082$14,519$12,228
5 years$13,409$12,768$12,161$11,584$11,037$8,858
6 years$11,062$10,426$9,828$9,264$8,733$6,668
7 years$9,386$8,756$8,167$7,616$7,102$5,150
8 years$8,130$7,506$6,926$6,389$5,892$4,050
9 years$7,153$6,535$5,965$5,442$4,962$3,229
10 years$6,373$5,760$5,201$4,691$4,228$2,600
11 years$5,734$5,128$4,579$4,083$3,636$2,111
12 years$5,203$4,603$4,064$3,581$3,151$1,724
13 years$4,753$4,159$3,630$3,162$2,748$1,414
14 years$4,368$3,781$3,262$2,807$2,409$1,165
15 years$4,035$3,454$2,945$2,503$2,121$963
16 years$3,744$3,169$2,670$2,241$1,874$798
17 years$3,487$2,918$2,430$2,014$1,662$663
18 years$3,259$2,697$2,218$1,815$1,478$551
19 years$3,055$2,499$2,031$1,640$1,317$459
20 years$2,872$2,322$1,864$1,485$1,176$383
21 years$2,706$2,163$1,714$1,348$1,053$320
22 years$2,556$2,019$1,580$1,225$944$267
23 years$2,419$1,889$1,459$1,116$847$223
24 years$2,294$1,770$1,349$1,018$761$187
25 years$2,179$1,661$1,249$930$685$156
26 years$2,072$1,561$1,159$850$617$131
27 years$1,974$1,469$1,076$778$556$110
28 years$1,883$1,384$1,000$713$502$92
29 years$1,799$1,306$931$654$453$77
30 years$1,720$1,233$867$600$410$64
31 years$1,647$1,166$808$551$370$54
32 years$1,578$1,103$754$506$335$45
33 years$1,513$1,045$704$466$303$38
34 years$1,453$990$658$428$274$32
35 years$1,396$939$615$394$249$27
36 years$1,342$891$575$363$225$22
37 years$1,291$846$539$335$204$19
38 years$1,244$804$504$308$185$16
39 years$1,198$765$473$284$168$13
40 years$1,155$728$443$262$152$11
41 years$1,115$693$415$242$138$9
42 years$1,076$660$390$223$125$8
43 years$1,039$629$366$206$114$7
44 years$1,004$599$343$190$103$5
45 years$971$571$322$176$94$5
46 years$939$545$303$162$85$4
47 years$908$520$284$150$77$3
48 years$879$497$267$139$70$3
49 years$852$474$251$128$64$2
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 $5,456 every year, while hoping to spend $43,133 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: 34/48/18 Blend
54$845,000$845,000$845,000$845,000
55$936,818$892,033$878,935$963,310
56$986,480$889,849$862,487$981,067
57$1,039,762$886,113$844,041$995,811
58$1,096,988$880,703$823,486$1,010,800
59$1,158,513$873,489$800,705$1,026,081
60$1,224,726$864,335$775,574$1,041,708
61$1,296,057$853,096$747,964$1,057,744
62$1,372,975$839,619$717,742$1,074,263
63$1,455,998$823,739$684,765$1,091,352
64$1,545,693$805,286$648,888$1,109,108
65$1,642,684$784,075$609,956$1,127,645
66$1,747,657$759,914$567,809$1,147,093
67$1,861,366$732,598$522,279$1,167,600
68$1,984,640$701,910$473,190$1,189,335
69$2,118,391$667,620$420,359$1,212,490
70$2,263,620$629,487$363,594$1,237,283
71$2,421,432$587,254$302,697$1,263,961
72$2,593,038$540,650$237,457$1,292,803
73$2,779,773$489,387$167,658$1,324,125
74$2,983,106$433,163$93,070$1,358,282
75$3,204,653$371,658$13,458$1,395,674
76$3,446,192$304,534$0$1,436,751
77$3,709,679$231,431$0$1,495,752
78$3,997,269$151,975$0$1,563,160
79$4,311,334$65,764$0$1,637,077
80$4,654,482$0$0$1,718,267
81$5,029,589$0$0$1,822,173
82$5,439,818$0$0$1,973,915
83$5,888,652$0$0$2,140,059
84$6,379,928$0$0$2,322,042
85$6,917,868$0$0$2,521,443
86$7,507,125$0$0$2,740,004
87$8,152,820$0$0$2,979,641
88$8,860,596$0$0$3,242,466
89$9,636,664$0$0$3,530,804
90$10,487,869$0$0$3,847,218
91$11,421,746$0$0$4,194,528
92$12,446,599$0$0$4,575,844
93$13,571,572$0$0$4,994,587
94$14,806,737$0$0$5,454,531
95$16,163,192$0$0$5,959,830
96$17,653,159$0$0$6,515,061
97$19,290,105$0$0$7,125,266
98$21,088,863$0$0$7,796,001
99$23,065,777$0$0$8,533,385
100$25,238,850$0$0$9,344,162