Can I retire at age 55 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$69,944$69,321$68,714$68,120$67,541$66,891
2 years$34,626$33,981$33,356$32,750$32,162$31,508
3 years$22,855$22,207$21,584$20,983$20,405$19,766
4 years$16,970$16,325$15,707$15,117$14,553$13,935
5 years$13,440$12,799$12,190$11,612$11,063$10,467
6 years$11,088$10,451$9,851$9,286$8,754$8,181
7 years$9,408$8,777$8,186$7,634$7,119$6,569
8 years$8,149$7,523$6,943$6,404$5,906$5,379
9 years$7,170$6,550$5,980$5,455$4,974$4,470
10 years$6,388$5,774$5,213$4,702$4,238$3,757
11 years$5,748$5,140$4,590$4,092$3,645$3,186
12 years$5,215$4,613$4,073$3,590$3,158$2,722
13 years$4,765$4,169$3,639$3,169$2,754$2,339
14 years$4,379$3,790$3,270$2,813$2,414$2,020
15 years$4,045$3,462$2,952$2,509$2,126$1,751
16 years$3,753$3,176$2,677$2,246$1,879$1,524
17 years$3,495$2,925$2,436$2,018$1,666$1,330
18 years$3,267$2,703$2,223$1,819$1,481$1,164
19 years$3,062$2,505$2,035$1,644$1,320$1,021
20 years$2,879$2,328$1,868$1,489$1,179$897
21 years$2,713$2,168$1,718$1,351$1,055$789
22 years$2,562$2,024$1,584$1,228$946$695
23 years$2,425$1,893$1,462$1,119$849$613
24 years$2,299$1,774$1,352$1,020$763$542
25 years$2,184$1,665$1,252$932$687$479
26 years$2,077$1,564$1,162$852$619$424
27 years$1,979$1,472$1,079$780$558$375
28 years$1,888$1,387$1,003$715$503$333
29 years$1,803$1,309$933$655$454$295
30 years$1,724$1,236$869$601$411$261
31 years$1,650$1,168$810$552$371$232
32 years$1,581$1,106$756$508$336$206
33 years$1,517$1,047$706$467$304$183
34 years$1,456$992$660$429$275$163
35 years$1,399$941$617$395$249$144
36 years$1,345$893$577$364$226$128
37 years$1,294$848$540$335$205$114
38 years$1,246$806$506$309$186$101
39 years$1,201$767$474$285$168$90
40 years$1,158$730$444$263$153$80
41 years$1,117$694$416$243$138$71
42 years$1,078$661$391$224$126$63
43 years$1,041$630$366$207$114$56
44 years$1,006$601$344$191$103$50
45 years$973$573$323$176$94$45
46 years$941$546$303$163$85$40
47 years$911$521$285$150$77$35
48 years$881$498$268$139$70$32
49 years$854$475$252$128$64$28
50 years$827$454$237$119$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $847,000, adding $3,882 every year, while hoping to spend $43,281 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: 78/17/5 Blend
54$847,000$847,000$847,000$847,000
55$937,398$892,507$879,379$1,009,994
56$986,962$890,189$862,787$1,055,810
57$1,040,131$886,308$844,189$1,099,988
58$1,097,227$880,739$823,472$1,147,136
59$1,158,603$873,354$800,518$1,197,528
60$1,224,648$864,016$775,202$1,251,466
61$1,295,787$852,577$747,396$1,309,285
62$1,372,488$838,884$716,965$1,371,351
63$1,455,265$822,773$683,767$1,438,071
64$1,544,683$804,071$647,654$1,509,892
65$1,641,363$782,592$608,473$1,587,305
66$1,745,987$758,144$566,061$1,670,856
67$1,859,304$730,519$520,251$1,761,142
68$1,982,139$699,501$470,865$1,858,826
69$2,115,399$664,858$417,721$1,964,635
70$2,260,080$626,347$360,625$2,079,374
71$2,417,280$583,709$299,377$2,203,928
72$2,588,204$536,672$233,768$2,339,276
73$2,774,179$484,948$163,578$2,486,495
74$2,976,667$428,231$88,579$2,646,776
75$3,197,273$366,201$8,532$2,821,428
76$3,437,766$298,516$0$3,011,900
77$3,700,092$224,817$0$3,223,889
78$3,986,393$144,724$0$3,455,804
79$4,299,026$57,837$0$3,709,146
80$4,640,588$0$0$3,986,069
81$5,013,936$0$0$4,295,736
82$5,422,215$0$0$4,646,234
83$5,868,890$0$0$5,029,722
84$6,357,775$0$0$5,449,476
85$6,893,068$0$0$5,909,108
86$7,479,396$0$0$6,412,591
87$8,121,852$0$0$6,964,304
88$8,826,043$0$0$7,569,066
89$9,598,149$0$0$8,232,188
90$10,444,973$0$0$8,959,517
91$11,374,009$0$0$9,757,494
92$12,393,512$0$0$10,633,215
93$13,512,574$0$0$11,594,493
94$14,741,210$0$0$12,649,938
95$16,090,453$0$0$13,809,031
96$17,572,456$0$0$15,082,219
97$19,200,609$0$0$16,481,009
98$20,989,659$0$0$18,018,079
99$22,955,856$0$0$19,707,394
100$25,117,100$0$0$21,564,340