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%18%
1 years$70,027$69,403$68,795$68,201$67,621$65,430
2 years$34,667$34,021$33,395$32,789$32,200$30,014
3 years$22,882$22,233$21,609$21,008$20,429$18,315
4 years$16,990$16,344$15,726$15,135$14,570$12,545
5 years$13,456$12,814$12,204$11,625$11,076$9,146
6 years$11,101$10,463$9,863$9,297$8,764$6,930
7 years$9,419$8,787$8,196$7,643$7,128$5,389
8 years$8,159$7,532$6,951$6,412$5,913$4,269
9 years$7,179$6,558$5,987$5,461$4,980$3,428
10 years$6,395$5,781$5,219$4,708$4,243$2,782
11 years$5,755$5,146$4,595$4,097$3,649$2,275
12 years$5,221$4,619$4,078$3,594$3,162$1,873
13 years$4,770$4,174$3,643$3,173$2,757$1,550
14 years$4,384$3,794$3,274$2,816$2,417$1,288
15 years$4,049$3,466$2,956$2,512$2,128$1,073
16 years$3,757$3,180$2,680$2,249$1,881$897
17 years$3,499$2,929$2,438$2,021$1,668$751
18 years$3,270$2,706$2,226$1,821$1,483$631
19 years$3,066$2,508$2,038$1,646$1,322$530
20 years$2,882$2,331$1,870$1,490$1,181$446
21 years$2,716$2,171$1,720$1,353$1,057$376
22 years$2,565$2,026$1,585$1,230$947$317
23 years$2,428$1,895$1,464$1,120$850$268
24 years$2,302$1,776$1,354$1,022$764$226
25 years$2,186$1,667$1,254$933$688$191
26 years$2,080$1,566$1,163$853$619$161
27 years$1,981$1,474$1,080$781$558$137
28 years$1,890$1,389$1,004$715$504$116
29 years$1,805$1,310$934$656$455$98
30 years$1,726$1,237$870$602$411$83
31 years$1,652$1,170$811$553$372$70
32 years$1,583$1,107$757$508$336$59
33 years$1,519$1,048$707$467$304$50
34 years$1,458$993$660$430$275$43
35 years$1,401$942$617$396$250$36
36 years$1,347$894$578$365$226$31
37 years$1,296$849$541$336$205$26
38 years$1,248$807$506$310$186$22
39 years$1,202$768$474$285$168$19
40 years$1,159$730$445$263$153$16
41 years$1,118$695$417$243$139$13
42 years$1,080$662$391$224$126$11
43 years$1,043$631$367$207$114$10
44 years$1,008$601$344$191$104$8
45 years$974$573$323$176$94$7
46 years$942$547$304$163$85$6
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$4
50 years$828$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $848,000, adding $4,082 every year, while hoping to spend $37,140 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: 59/20/21 Blend
54$848,000$848,000$848,000$848,000
55$938,707$893,763$880,619$988,640
56$994,938$898,040$870,603$1,027,292
57$1,055,660$901,283$859,006$1,065,032
58$1,121,292$903,400$845,738$1,105,368
59$1,192,294$904,297$830,700$1,148,558
60$1,269,172$903,872$813,792$1,194,889
61$1,352,482$902,016$794,909$1,244,677
62$1,442,837$898,616$773,940$1,298,271
63$1,540,908$893,550$750,769$1,356,059
64$1,647,436$886,689$725,275$1,418,468
65$1,763,234$877,897$697,332$1,485,971
66$1,889,199$867,028$666,807$1,559,092
67$2,026,314$853,930$633,562$1,638,409
68$2,175,664$838,439$597,452$1,724,561
69$2,338,442$820,382$558,327$1,818,255
70$2,515,960$799,578$516,028$1,920,273
71$2,709,664$775,833$470,391$2,031,476
72$2,921,143$748,942$421,242$2,152,820
73$3,152,149$718,690$368,403$2,285,358
74$3,404,608$684,845$311,684$2,430,253
75$3,680,642$647,167$250,890$2,588,794
76$3,982,589$605,399$185,816$2,762,400
77$4,313,019$559,270$116,247$2,952,640
78$4,674,765$508,493$41,960$3,161,248
79$5,070,947$452,765$0$3,390,138
80$5,504,999$391,766$0$3,649,785
81$5,980,705$325,158$0$3,944,738
82$6,502,229$252,583$0$4,268,218
83$7,074,161$173,664$0$4,623,129
84$7,701,554$88,002$0$5,012,673
85$8,389,974$0$0$5,440,380
86$9,145,554$0$0$5,911,205
87$9,975,047$0$0$6,449,421
88$10,885,892$0$0$7,040,495
89$11,886,286$0$0$7,689,756
90$12,985,255$0$0$8,403,073
91$14,192,746$0$0$9,186,909
92$15,519,716$0$0$10,048,389
93$16,978,235$0$0$10,995,359
94$18,581,601$0$0$12,036,464
95$20,344,466$0$0$13,181,228
96$22,282,970$0$0$14,440,145
97$24,414,898$0$0$15,824,777
98$26,759,844$0$0$17,347,860
99$29,339,394$0$0$19,023,430
100$32,177,335$0$0$20,866,950