Can I retire at age 55 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$70,110$69,485$68,876$68,281$67,700$65,117
2 years$34,708$34,061$33,435$32,827$32,238$29,666
3 years$22,909$22,259$21,635$21,033$20,453$17,973
4 years$17,010$16,363$15,744$15,153$14,587$12,218
5 years$13,472$12,829$12,218$11,639$11,089$8,837
6 years$11,114$10,476$9,874$9,308$8,774$6,641
7 years$9,431$8,797$8,206$7,652$7,136$5,120
8 years$8,168$7,541$6,959$6,419$5,920$4,020
9 years$7,187$6,566$5,994$5,468$4,985$3,199
10 years$6,403$5,787$5,225$4,713$4,248$2,571
11 years$5,761$5,152$4,600$4,102$3,653$2,083
12 years$5,227$4,624$4,083$3,598$3,166$1,697
13 years$4,776$4,179$3,648$3,177$2,761$1,390
14 years$4,389$3,799$3,277$2,820$2,420$1,143
15 years$4,054$3,470$2,959$2,515$2,131$943
16 years$3,761$3,184$2,683$2,252$1,883$779
17 years$3,503$2,932$2,441$2,023$1,670$646
18 years$3,274$2,709$2,229$1,823$1,485$536
19 years$3,070$2,511$2,040$1,647$1,323$445
20 years$2,885$2,333$1,872$1,492$1,182$371
21 years$2,719$2,174$1,722$1,354$1,058$309
22 years$2,568$2,029$1,587$1,231$948$257
23 years$2,431$1,898$1,466$1,121$851$215
24 years$2,305$1,778$1,355$1,023$765$179
25 years$2,189$1,668$1,255$934$688$149
26 years$2,082$1,568$1,164$854$620$125
27 years$1,984$1,476$1,081$782$559$104
28 years$1,892$1,391$1,005$716$504$87
29 years$1,807$1,312$935$657$455$73
30 years$1,728$1,239$871$603$412$61
31 years$1,654$1,171$812$554$372$51
32 years$1,585$1,108$758$509$337$43
33 years$1,520$1,049$708$468$305$36
34 years$1,460$995$661$430$276$30
35 years$1,402$943$618$396$250$25
36 years$1,348$895$578$365$226$21
37 years$1,298$850$541$336$205$17
38 years$1,249$808$507$310$186$15
39 years$1,204$769$475$286$169$12
40 years$1,161$731$445$264$153$10
41 years$1,120$696$417$243$139$9
42 years$1,081$663$391$224$126$7
43 years$1,044$632$367$207$114$6
44 years$1,009$602$345$191$104$5
45 years$975$574$324$177$94$4
46 years$943$548$304$163$86$4
47 years$913$523$286$151$78$3
48 years$884$499$268$139$71$2
49 years$856$476$252$129$64$2
50 years$829$455$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $849,000, adding $4,402 every year, while hoping to spend $29,363 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: 50/31/19 Blend
54$849,000$849,000$849,000$849,000
55$940,139$895,142$881,982$981,969
56$1,004,791$907,762$880,287$1,023,959
57$1,075,053$920,016$877,550$1,066,193
58$1,151,468$931,855$873,707$1,111,466
59$1,234,629$943,228$868,688$1,160,076
60$1,325,193$954,078$862,420$1,212,353
61$1,423,880$964,345$854,829$1,268,658
62$1,531,484$973,966$845,834$1,329,394
63$1,648,878$982,873$835,352$1,395,003
64$1,777,024$990,994$823,296$1,465,973
65$1,916,979$998,252$809,576$1,542,846
66$2,069,909$1,004,564$794,094$1,626,217
67$2,237,095$1,009,843$776,752$1,716,746
68$2,419,950$1,013,997$757,445$1,815,159
69$2,620,029$1,016,927$736,064$1,922,260
70$2,839,043$1,018,528$712,493$2,038,936
71$3,078,877$1,018,687$686,613$2,166,165
72$3,341,608$1,017,288$658,299$2,305,028
73$3,629,520$1,014,203$627,421$2,456,718
74$3,945,132$1,009,300$593,840$2,622,553
75$4,291,216$1,002,437$557,415$2,803,986
76$4,670,828$993,463$517,995$3,002,621
77$5,087,329$982,220$475,425$3,220,231
78$5,544,426$968,538$429,542$3,458,769
79$6,046,200$952,239$380,174$3,720,394
80$6,597,147$933,133$327,144$4,007,485
81$7,202,218$911,019$270,265$4,322,669
82$7,866,870$885,685$209,345$4,668,846
83$8,597,112$856,905$144,180$5,049,215
84$9,399,566$824,441$74,557$5,467,303
85$10,281,524$788,041$258$5,927,005
86$11,251,023$747,439$0$6,432,618
87$12,316,915$702,351$0$7,004,901
88$13,488,955$652,481$0$7,634,159
89$14,777,888$597,511$0$8,326,157
90$16,195,553$537,110$0$9,087,309
91$17,754,995$470,924$0$9,924,689
92$19,470,586$398,581$0$10,846,094
93$21,358,162$319,688$0$11,860,121
94$23,435,170$233,828$0$12,976,248
95$25,720,835$140,564$0$14,204,924
96$28,236,339$39,430$0$15,557,671
97$31,005,022$0$0$17,047,189
98$34,052,601$0$0$18,711,378
99$37,407,413$0$0$20,558,254
100$41,100,680$0$0$22,591,567