Can I retire at age 55 with 849,000?

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 $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%17.1%
1 years$70,110$69,485$68,876$68,281$67,700$65,744
2 years$34,708$34,061$33,435$32,827$32,238$30,283
3 years$22,909$22,259$21,635$21,033$20,453$18,560
4 years$17,010$16,363$15,744$15,153$14,587$12,771
5 years$13,472$12,829$12,218$11,639$11,089$9,354
6 years$11,114$10,476$9,874$9,308$8,774$7,123
7 years$9,431$8,797$8,206$7,652$7,136$5,568
8 years$8,168$7,541$6,959$6,419$5,920$4,434
9 years$7,187$6,566$5,994$5,468$4,985$3,580
10 years$6,403$5,787$5,225$4,713$4,248$2,922
11 years$5,761$5,152$4,600$4,102$3,653$2,404
12 years$5,227$4,624$4,083$3,598$3,166$1,991
13 years$4,776$4,179$3,648$3,177$2,761$1,657
14 years$4,389$3,799$3,277$2,820$2,420$1,385
15 years$4,054$3,470$2,959$2,515$2,131$1,162
16 years$3,761$3,184$2,683$2,252$1,883$978
17 years$3,503$2,932$2,441$2,023$1,670$824
18 years$3,274$2,709$2,229$1,823$1,485$697
19 years$3,070$2,511$2,040$1,647$1,323$589
20 years$2,885$2,333$1,872$1,492$1,182$500
21 years$2,719$2,174$1,722$1,354$1,058$424
22 years$2,568$2,029$1,587$1,231$948$360
23 years$2,431$1,898$1,466$1,121$851$306
24 years$2,305$1,778$1,355$1,023$765$260
25 years$2,189$1,668$1,255$934$688$222
26 years$2,082$1,568$1,164$854$620$189
27 years$1,984$1,476$1,081$782$559$161
28 years$1,892$1,391$1,005$716$504$137
29 years$1,807$1,312$935$657$455$117
30 years$1,728$1,239$871$603$412$100
31 years$1,654$1,171$812$554$372$85
32 years$1,585$1,108$758$509$337$72
33 years$1,520$1,049$708$468$305$62
34 years$1,460$995$661$430$276$53
35 years$1,402$943$618$396$250$45
36 years$1,348$895$578$365$226$38
37 years$1,298$850$541$336$205$33
38 years$1,249$808$507$310$186$28
39 years$1,204$769$475$286$169$24
40 years$1,161$731$445$264$153$20
41 years$1,120$696$417$243$139$17
42 years$1,081$663$391$224$126$15
43 years$1,044$632$367$207$114$13
44 years$1,009$602$345$191$104$11
45 years$975$574$324$177$94$9
46 years$943$548$304$163$86$8
47 years$913$523$286$151$78$7
48 years$884$499$268$139$71$6
49 years$856$476$252$129$64$5
50 years$829$455$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $849,000, adding $6,009 every year, while hoping to spend $46,353 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: 74/6/20 Blend
54$849,000$849,000$849,000$849,000
55$941,796$896,799$883,640$1,006,581
56$988,540$891,423$863,922$1,045,012
57$1,038,499$884,230$841,991$1,080,898
58$1,091,950$875,082$817,723$1,119,031
59$1,149,201$863,833$790,988$1,159,625
60$1,210,586$850,327$761,653$1,202,914
61$1,276,474$834,401$729,576$1,249,162
62$1,347,268$815,881$694,611$1,298,654
63$1,423,412$794,582$656,603$1,351,710
64$1,505,392$770,308$615,391$1,408,682
65$1,593,743$742,855$570,808$1,469,957
66$1,689,052$712,002$522,678$1,535,964
67$1,791,965$677,519$470,816$1,607,177
68$1,903,189$639,161$415,032$1,684,120
69$2,023,504$596,670$355,126$1,767,369
70$2,153,766$549,772$290,887$1,857,563
71$2,294,917$498,177$222,099$1,955,407
72$2,447,991$441,581$148,532$2,061,678
73$2,614,127$379,659$69,948$2,177,235
74$2,794,577$312,071$0$2,303,027
75$2,990,718$238,457$0$2,443,070
76$3,204,065$158,434$0$2,611,673
77$3,436,284$71,602$0$2,795,226
78$3,689,210$0$0$2,995,200
79$3,964,860$0$0$3,214,692
80$4,265,457$0$0$3,459,238
81$4,593,444$0$0$3,726,101
82$4,951,512$0$0$4,017,476
83$5,342,624$0$0$4,335,778
84$5,770,040$0$0$4,683,665
85$6,237,350$0$0$5,064,064
86$6,748,507$0$0$5,480,198
87$7,307,863$0$0$5,935,614
88$7,920,210$0$0$6,434,221
89$8,590,825$0$0$6,980,321
90$9,325,519$0$0$7,578,652
91$10,130,693$0$0$8,234,432
92$11,013,395$0$0$8,953,409
93$11,981,387$0$0$9,741,912
94$13,043,220$0$0$10,606,913
95$14,208,312$0$0$11,556,090
96$15,487,036$0$0$12,597,903
97$16,890,818$0$0$13,741,668
98$18,432,245$0$0$14,997,649
99$20,125,183$0$0$16,377,151
100$21,984,905$0$0$17,892,629