Can I retire at age 55 with 848,000?

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 $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%12.9%
1 years$70,027$69,403$68,795$68,201$67,621$66,803
2 years$34,667$34,021$33,395$32,789$32,200$31,378
3 years$22,882$22,233$21,609$21,008$20,429$19,627
4 years$16,990$16,344$15,726$15,135$14,570$13,795
5 years$13,456$12,814$12,204$11,625$11,076$10,329
6 years$11,101$10,463$9,863$9,297$8,764$8,047
7 years$9,419$8,787$8,196$7,643$7,128$6,440
8 years$8,159$7,532$6,951$6,412$5,913$5,256
9 years$7,179$6,558$5,987$5,461$4,980$4,352
10 years$6,395$5,781$5,219$4,708$4,243$3,644
11 years$5,755$5,146$4,595$4,097$3,649$3,079
12 years$5,221$4,619$4,078$3,594$3,162$2,620
13 years$4,770$4,174$3,643$3,173$2,757$2,243
14 years$4,384$3,794$3,274$2,816$2,417$1,929
15 years$4,049$3,466$2,956$2,512$2,128$1,666
16 years$3,757$3,180$2,680$2,249$1,881$1,444
17 years$3,499$2,929$2,438$2,021$1,668$1,255
18 years$3,270$2,706$2,226$1,821$1,483$1,093
19 years$3,066$2,508$2,038$1,646$1,322$955
20 years$2,882$2,331$1,870$1,490$1,181$835
21 years$2,716$2,171$1,720$1,353$1,057$731
22 years$2,565$2,026$1,585$1,230$947$642
23 years$2,428$1,895$1,464$1,120$850$564
24 years$2,302$1,776$1,354$1,022$764$495
25 years$2,186$1,667$1,254$933$688$436
26 years$2,080$1,566$1,163$853$619$384
27 years$1,981$1,474$1,080$781$558$338
28 years$1,890$1,389$1,004$715$504$298
29 years$1,805$1,310$934$656$455$263
30 years$1,726$1,237$870$602$411$232
31 years$1,652$1,170$811$553$372$205
32 years$1,583$1,107$757$508$336$181
33 years$1,519$1,048$707$467$304$160
34 years$1,458$993$660$430$275$142
35 years$1,401$942$617$396$250$125
36 years$1,347$894$578$365$226$111
37 years$1,296$849$541$336$205$98
38 years$1,248$807$506$310$186$87
39 years$1,202$768$474$285$168$77
40 years$1,159$730$445$263$153$68
41 years$1,118$695$417$243$139$60
42 years$1,080$662$391$224$126$53
43 years$1,043$631$367$207$114$47
44 years$1,008$601$344$191$104$42
45 years$974$573$323$176$94$37
46 years$942$547$304$163$85$33
47 years$912$522$285$151$78$29
48 years$882$498$268$139$70$26
49 years$855$476$252$129$64$23
50 years$828$455$237$119$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $848,000, adding $6,310 every year, while hoping to spend $50,541 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: 51/19/30 Blend
54$848,000$848,000$848,000$848,000
55$941,005$896,061$882,917$980,741
56$983,212$886,193$858,719$999,296
57$1,028,030$874,147$832,017$1,013,926
58$1,075,673$859,764$802,673$1,028,862
59$1,126,373$842,873$770,544$1,044,157
60$1,180,385$823,296$735,480$1,059,872
61$1,237,989$800,842$697,323$1,076,078
62$1,299,490$775,310$655,909$1,092,855
63$1,365,225$746,486$611,068$1,110,297
64$1,435,559$714,145$562,621$1,128,509
65$1,510,896$678,049$510,379$1,147,613
66$1,591,679$637,945$454,148$1,167,747
67$1,678,392$593,565$393,723$1,189,066
68$1,771,566$544,629$328,892$1,211,748
69$1,871,787$490,837$259,430$1,235,991
70$1,979,695$431,874$185,107$1,262,023
71$2,095,995$367,406$105,679$1,290,097
72$2,221,461$297,083$20,893$1,320,500
73$2,356,941$220,531$0$1,353,552
74$2,503,370$137,359$0$1,411,891
75$2,661,775$47,151$0$1,482,232
76$2,833,284$0$0$1,558,426
77$3,019,137$0$0$1,651,641
78$3,220,698$0$0$1,763,499
79$3,439,467$0$0$1,884,984
80$3,677,093$0$0$2,017,021
81$3,935,391$0$0$2,160,628
82$4,216,358$0$0$2,316,926
83$4,522,189$0$0$2,487,147
84$4,855,302$0$0$2,672,649
85$5,218,355$0$0$2,874,925
86$5,614,276$0$0$3,095,616
87$6,046,286$0$0$3,336,533
88$6,517,930$0$0$3,599,667
89$7,033,113$0$0$3,887,208
90$7,596,130$0$0$4,201,570
91$8,211,712$0$0$4,545,410
92$8,885,068$0$0$4,921,653
93$9,621,933$0$0$5,333,520
94$10,428,622$0$0$5,784,558
95$11,312,089$0$0$6,278,673
96$12,279,991$0$0$6,820,167
97$13,340,762$0$0$7,413,776
98$14,503,691$0$0$8,064,719
99$15,779,007$0$0$8,778,743
100$17,177,977$0$0$9,562,177