Can I retire at age 55 with 845,000?

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 $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%12.4%
1 years$69,779$69,158$68,551$67,959$67,381$66,706
2 years$34,544$33,901$33,277$32,673$32,086$31,406
3 years$22,801$22,155$21,533$20,934$20,357$19,692
4 years$16,930$16,286$15,670$15,082$14,519$13,876
5 years$13,409$12,768$12,161$11,584$11,037$10,417
6 years$11,062$10,426$9,828$9,264$8,733$8,137
7 years$9,386$8,756$8,167$7,616$7,102$6,531
8 years$8,130$7,506$6,926$6,389$5,892$5,345
9 years$7,153$6,535$5,965$5,442$4,962$4,439
10 years$6,373$5,760$5,201$4,691$4,228$3,728
11 years$5,734$5,128$4,579$4,083$3,636$3,160
12 years$5,203$4,603$4,064$3,581$3,151$2,698
13 years$4,753$4,159$3,630$3,162$2,748$2,317
14 years$4,368$3,781$3,262$2,807$2,409$1,999
15 years$4,035$3,454$2,945$2,503$2,121$1,733
16 years$3,744$3,169$2,670$2,241$1,874$1,507
17 years$3,487$2,918$2,430$2,014$1,662$1,314
18 years$3,259$2,697$2,218$1,815$1,478$1,149
19 years$3,055$2,499$2,031$1,640$1,317$1,007
20 years$2,872$2,322$1,864$1,485$1,176$884
21 years$2,706$2,163$1,714$1,348$1,053$777
22 years$2,556$2,019$1,580$1,225$944$684
23 years$2,419$1,889$1,459$1,116$847$603
24 years$2,294$1,770$1,349$1,018$761$532
25 years$2,179$1,661$1,249$930$685$470
26 years$2,072$1,561$1,159$850$617$416
27 years$1,974$1,469$1,076$778$556$368
28 years$1,883$1,384$1,000$713$502$326
29 years$1,799$1,306$931$654$453$289
30 years$1,720$1,233$867$600$410$256
31 years$1,647$1,166$808$551$370$227
32 years$1,578$1,103$754$506$335$201
33 years$1,513$1,045$704$466$303$178
34 years$1,453$990$658$428$274$158
35 years$1,396$939$615$394$249$141
36 years$1,342$891$575$363$225$125
37 years$1,291$846$539$335$204$111
38 years$1,244$804$504$308$185$99
39 years$1,198$765$473$284$168$88
40 years$1,155$728$443$262$152$78
41 years$1,115$693$415$242$138$69
42 years$1,076$660$390$223$125$61
43 years$1,039$629$366$206$114$55
44 years$1,004$599$343$190$103$49
45 years$971$571$322$176$94$43
46 years$939$545$303$162$85$38
47 years$908$520$284$150$77$34
48 years$879$497$267$139$70$30
49 years$852$474$251$128$64$27
50 years$825$453$236$118$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $845,000, adding $3,516 every year, while hoping to spend $43,194 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: 68/25/7 Blend
54$845,000$845,000$845,000$845,000
55$934,817$890,032$876,934$997,062
56$984,210$887,685$860,353$1,036,424
57$1,037,194$883,776$841,770$1,073,879
58$1,094,088$878,182$821,070$1,113,675
59$1,155,246$870,774$798,136$1,156,031
60$1,221,053$861,413$772,846$1,201,193
61$1,291,933$849,955$745,069$1,249,432
62$1,368,353$836,246$714,671$1,301,045
63$1,450,823$820,120$681,511$1,356,363
64$1,539,907$801,406$645,442$1,415,753
65$1,636,222$779,920$606,309$1,479,618
66$1,740,448$755,467$563,951$1,548,404
67$1,853,330$727,841$518,200$1,622,604
68$1,975,690$696,826$468,880$1,702,765
69$2,108,431$662,190$415,807$1,789,489
70$2,252,544$623,691$358,791$1,883,443
71$2,409,123$581,071$297,629$1,985,362
72$2,579,366$534,056$232,113$2,096,060
73$2,764,597$482,361$162,024$2,216,437
74$2,966,269$425,679$87,135$2,347,485
75$3,185,982$363,691$7,207$2,490,302
76$3,425,495$296,055$0$2,646,100
77$3,686,747$222,413$0$2,822,052
78$3,971,870$142,386$0$3,014,757
79$4,283,211$55,573$0$3,225,330
80$4,623,355$0$0$3,455,597
81$4,995,145$0$0$3,718,150
82$5,401,716$0$0$4,022,030
83$5,846,513$0$0$4,354,531
84$6,333,336$0$0$4,718,498
85$6,866,364$0$0$5,117,064
86$7,450,203$0$0$5,553,677
87$8,089,923$0$0$6,032,138
88$8,791,108$0$0$6,556,628
89$9,559,908$0$0$7,131,758
90$10,403,097$0$0$7,762,600
91$11,328,136$0$0$8,454,746
92$12,343,242$0$0$9,214,351
93$13,457,468$0$0$10,048,199
94$14,680,784$0$0$10,963,760
95$16,024,174$0$0$11,969,264
96$17,499,737$0$0$13,073,776
97$19,120,802$0$0$14,287,282
98$20,902,053$0$0$15,620,786
99$22,859,665$0$0$17,086,408
100$25,011,460$0$0$18,697,500