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%14.3%
1 years$70,110$69,485$68,876$68,281$67,700$66,497
2 years$34,708$34,061$33,435$32,827$32,238$31,030
3 years$22,909$22,259$21,635$21,033$20,453$19,278
4 years$17,010$16,363$15,744$15,153$14,587$13,453
5 years$13,472$12,829$12,218$11,639$11,089$10,000
6 years$11,114$10,476$9,874$9,308$8,774$7,732
7 years$9,431$8,797$8,206$7,652$7,136$6,140
8 years$8,168$7,541$6,959$6,419$5,920$4,970
9 years$7,187$6,566$5,994$5,468$4,985$4,082
10 years$6,403$5,787$5,225$4,713$4,248$3,389
11 years$5,761$5,152$4,600$4,102$3,653$2,838
12 years$5,227$4,624$4,083$3,598$3,166$2,394
13 years$4,776$4,179$3,648$3,177$2,761$2,030
14 years$4,389$3,799$3,277$2,820$2,420$1,730
15 years$4,054$3,470$2,959$2,515$2,131$1,480
16 years$3,761$3,184$2,683$2,252$1,883$1,270
17 years$3,503$2,932$2,441$2,023$1,670$1,093
18 years$3,274$2,709$2,229$1,823$1,485$943
19 years$3,070$2,511$2,040$1,647$1,323$815
20 years$2,885$2,333$1,872$1,492$1,182$705
21 years$2,719$2,174$1,722$1,354$1,058$611
22 years$2,568$2,029$1,587$1,231$948$531
23 years$2,431$1,898$1,466$1,121$851$461
24 years$2,305$1,778$1,355$1,023$765$401
25 years$2,189$1,668$1,255$934$688$349
26 years$2,082$1,568$1,164$854$620$304
27 years$1,984$1,476$1,081$782$559$265
28 years$1,892$1,391$1,005$716$504$231
29 years$1,807$1,312$935$657$455$201
30 years$1,728$1,239$871$603$412$176
31 years$1,654$1,171$812$554$372$153
32 years$1,585$1,108$758$509$337$134
33 years$1,520$1,049$708$468$305$117
34 years$1,460$995$661$430$276$102
35 years$1,402$943$618$396$250$89
36 years$1,348$895$578$365$226$78
37 years$1,298$850$541$336$205$68
38 years$1,249$808$507$310$186$60
39 years$1,204$769$475$286$169$52
40 years$1,161$731$445$264$153$46
41 years$1,120$696$417$243$139$40
42 years$1,081$663$391$224$126$35
43 years$1,044$632$367$207$114$30
44 years$1,009$602$345$191$104$27
45 years$975$574$324$177$94$23
46 years$943$548$304$163$86$20
47 years$913$523$286$151$78$18
48 years$884$499$268$139$71$16
49 years$856$476$252$129$64$14
50 years$829$455$237$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $849,000, adding $4,873 every year, while hoping to spend $47,458 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: 69/16/15 Blend
54$849,000$849,000$849,000$849,000
55$940,624$895,627$882,468$1,001,940
56$986,073$889,018$861,536$1,036,766
57$1,034,567$880,495$838,312$1,068,742
58$1,086,367$869,913$812,669$1,102,514
59$1,141,758$857,120$784,475$1,138,255
60$1,201,053$841,954$753,590$1,176,154
61$1,264,595$824,245$719,871$1,216,421
62$1,332,761$803,811$683,164$1,259,287
63$1,405,965$780,459$643,312$1,305,012
64$1,484,659$753,987$600,148$1,353,879
65$1,569,341$724,180$553,500$1,406,205
66$1,660,558$690,809$503,186$1,462,339
67$1,758,910$653,634$449,018$1,522,667
68$1,865,057$612,400$390,799$1,587,619
69$1,979,723$566,837$328,321$1,657,668
70$2,103,704$516,662$261,369$1,733,339
71$2,237,877$461,573$189,719$1,815,212
72$2,383,202$401,252$113,137$1,903,928
73$2,540,737$335,362$31,376$2,000,199
74$2,711,647$263,549$0$2,104,809
75$2,897,209$185,438$0$2,227,570
76$3,098,831$100,631$0$2,366,440
77$3,318,062$8,712$0$2,517,498
78$3,556,603$0$0$2,681,965
79$3,816,328$0$0$2,877,167
80$4,099,300$0$0$3,091,555
81$4,407,786$0$0$3,325,319
82$4,744,284$0$0$3,580,358
83$5,111,542$0$0$3,858,760
84$5,512,586$0$0$4,162,826
85$5,950,745$0$0$4,495,085
86$6,429,687$0$0$4,858,326
87$6,953,449$0$0$5,255,617
88$7,526,473$0$0$5,690,337
89$8,153,655$0$0$6,166,206
90$8,840,384$0$0$6,687,319
91$9,592,593$0$0$7,258,190
92$10,416,817$0$0$7,883,785
93$11,320,255$0$0$8,569,577
94$12,310,832$0$0$9,321,592
95$13,397,280$0$0$10,146,466
96$14,589,213$0$0$11,051,511
97$15,897,224$0$0$12,044,778
98$17,332,979$0$0$13,135,139
99$18,909,330$0$0$14,332,362
100$20,640,433$0$0$15,647,212