Can I retire at age 55 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$70,027$69,403$68,795$68,201$67,621$66,174
2 years$34,667$34,021$33,395$32,789$32,200$30,750
3 years$22,882$22,233$21,609$21,008$20,429$19,020
4 years$16,990$16,344$15,726$15,135$14,570$13,214
5 years$13,456$12,814$12,204$11,625$11,076$9,776
6 years$11,101$10,463$9,863$9,297$8,764$7,521
7 years$9,419$8,787$8,196$7,643$7,128$5,943
8 years$8,159$7,532$6,951$6,412$5,913$4,786
9 years$7,179$6,558$5,987$5,461$4,980$3,909
10 years$6,395$5,781$5,219$4,708$4,243$3,228
11 years$5,755$5,146$4,595$4,097$3,649$2,688
12 years$5,221$4,619$4,078$3,594$3,162$2,254
13 years$4,770$4,174$3,643$3,173$2,757$1,900
14 years$4,384$3,794$3,274$2,816$2,417$1,609
15 years$4,049$3,466$2,956$2,512$2,128$1,368
16 years$3,757$3,180$2,680$2,249$1,881$1,167
17 years$3,499$2,929$2,438$2,021$1,668$997
18 years$3,270$2,706$2,226$1,821$1,483$855
19 years$3,066$2,508$2,038$1,646$1,322$734
20 years$2,882$2,331$1,870$1,490$1,181$631
21 years$2,716$2,171$1,720$1,353$1,057$543
22 years$2,565$2,026$1,585$1,230$947$468
23 years$2,428$1,895$1,464$1,120$850$404
24 years$2,302$1,776$1,354$1,022$764$349
25 years$2,186$1,667$1,254$933$688$301
26 years$2,080$1,566$1,163$853$619$261
27 years$1,981$1,474$1,080$781$558$225
28 years$1,890$1,389$1,004$715$504$195
29 years$1,805$1,310$934$656$455$169
30 years$1,726$1,237$870$602$411$146
31 years$1,652$1,170$811$553$372$127
32 years$1,583$1,107$757$508$336$110
33 years$1,519$1,048$707$467$304$95
34 years$1,458$993$660$430$275$83
35 years$1,401$942$617$396$250$72
36 years$1,347$894$578$365$226$62
37 years$1,296$849$541$336$205$54
38 years$1,248$807$506$310$186$47
39 years$1,202$768$474$285$168$41
40 years$1,159$730$445$263$153$35
41 years$1,118$695$417$243$139$30
42 years$1,080$662$391$224$126$26
43 years$1,043$631$367$207$114$23
44 years$1,008$601$344$191$104$20
45 years$974$573$323$176$94$17
46 years$942$547$304$163$85$15
47 years$912$522$285$151$78$13
48 years$882$498$268$139$70$11
49 years$855$476$252$129$64$10
50 years$828$455$237$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $848,000, adding $6,222 every year, while hoping to spend $45,612 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: 36/40/24 Blend
54$848,000$848,000$848,000$848,000
55$940,914$895,970$882,826$967,792
56$988,356$891,342$863,870$983,505
57$1,039,109$884,958$842,750$995,821
58$1,093,462$876,684$819,346$1,008,209
59$1,151,732$866,379$793,531$1,020,703
60$1,214,268$853,891$765,173$1,033,347
61$1,281,452$839,060$734,135$1,046,190
62$1,353,704$821,718$700,272$1,059,292
63$1,431,483$801,684$663,433$1,072,723
64$1,515,297$778,769$623,461$1,086,567
65$1,605,701$752,772$580,191$1,100,917
66$1,703,305$723,481$533,450$1,115,884
67$1,808,781$690,669$483,058$1,131,595
68$1,922,864$654,100$428,828$1,148,197
69$2,046,366$613,520$370,564$1,165,856
70$2,180,177$568,665$308,060$1,184,764
71$2,325,277$519,251$241,102$1,205,138
72$2,482,743$464,982$169,466$1,227,225
73$2,653,760$405,543$92,920$1,251,305
74$2,839,630$340,601$11,220$1,277,696
75$3,041,787$269,806$0$1,306,755
76$3,261,809$192,786$0$1,358,342
77$3,501,430$109,149$0$1,417,789
78$3,762,560$18,482$0$1,482,802
79$4,047,302$0$0$1,554,032
80$4,357,967$0$0$1,667,262
81$4,697,102$0$0$1,799,862
82$5,067,509$0$0$1,944,808
83$5,472,274$0$0$2,103,320
84$5,914,794$0$0$2,276,746
85$6,398,807$0$0$2,466,566
86$6,928,431$0$0$2,674,411
87$7,508,201$0$0$2,902,079
88$8,143,110$0$0$3,151,548
89$8,838,655$0$0$3,424,997
90$9,600,891$0$0$3,724,825
91$10,436,487$0$0$4,053,675
92$11,352,788$0$0$4,414,459
93$12,357,882$0$0$4,810,383
94$13,460,680$0$0$5,244,980
95$14,670,995$0$0$5,722,139
96$15,999,639$0$0$6,246,148
97$17,458,518$0$0$6,821,725
98$19,060,751$0$0$7,454,074
99$20,820,788$0$0$8,148,923
100$22,754,548$0$0$8,912,585