Can I retire at age 55 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$70,192$69,567$68,957$68,362$67,780$66,034
2 years$34,749$34,101$33,474$32,866$32,276$30,529
3 years$22,936$22,286$21,660$21,058$20,477$18,783
4 years$17,030$16,382$15,763$15,171$14,605$12,977
5 years$13,488$12,844$12,233$11,653$11,102$9,545
6 years$11,127$10,488$9,886$9,319$8,785$7,300
7 years$9,442$8,808$8,215$7,661$7,144$5,732
8 years$8,178$7,550$6,967$6,427$5,927$4,586
9 years$7,196$6,574$6,001$5,474$4,991$3,721
10 years$6,410$5,794$5,232$4,719$4,253$3,052
11 years$5,768$5,158$4,606$4,107$3,658$2,524
12 years$5,234$4,630$4,088$3,602$3,170$2,101
13 years$4,781$4,184$3,652$3,180$2,764$1,758
14 years$4,394$3,803$3,281$2,823$2,423$1,478
15 years$4,059$3,474$2,963$2,518$2,133$1,247
16 years$3,766$3,188$2,686$2,254$1,885$1,055
17 years$3,507$2,936$2,444$2,026$1,672$895
18 years$3,278$2,713$2,231$1,825$1,486$761
19 years$3,073$2,514$2,043$1,649$1,325$648
20 years$2,889$2,336$1,875$1,494$1,183$552
21 years$2,722$2,176$1,724$1,356$1,059$471
22 years$2,571$2,031$1,589$1,233$949$403
23 years$2,433$1,900$1,467$1,123$852$345
24 years$2,307$1,780$1,357$1,024$766$295
25 years$2,191$1,670$1,257$935$689$253
26 years$2,085$1,570$1,166$855$621$217
27 years$1,986$1,478$1,082$783$560$186
28 years$1,894$1,392$1,006$717$505$159
29 years$1,809$1,313$936$658$456$137
30 years$1,730$1,240$872$603$412$117
31 years$1,656$1,173$813$554$373$101
32 years$1,587$1,109$759$509$337$86
33 years$1,522$1,051$708$468$305$74
34 years$1,461$996$662$431$276$64
35 years$1,404$945$619$397$250$55
36 years$1,350$897$579$365$227$47
37 years$1,299$851$542$337$205$40
38 years$1,251$809$507$310$186$35
39 years$1,205$769$475$286$169$30
40 years$1,162$732$446$264$153$26
41 years$1,121$697$418$243$139$22
42 years$1,082$664$392$225$126$19
43 years$1,045$632$368$207$114$16
44 years$1,010$603$345$192$104$14
45 years$976$575$324$177$94$12
46 years$944$548$304$163$86$10
47 years$914$523$286$151$78$9
48 years$885$500$269$139$71$8
49 years$857$477$253$129$64$7
50 years$830$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $850,000, adding $6,833 every year, while hoping to spend $34,279 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: 43/41/16 Blend
54$850,000$850,000$850,000$850,000
55$943,748$898,698$885,523$979,667
56$1,003,538$906,262$878,716$1,013,143
57$1,068,277$913,047$870,531$1,045,465
58$1,138,435$918,980$860,887$1,079,749
59$1,214,527$923,981$849,698$1,116,191
60$1,297,118$927,966$836,873$1,155,009
61$1,386,834$930,846$822,318$1,196,443
62$1,484,359$932,525$805,933$1,240,762
63$1,590,448$932,903$787,616$1,288,263
64$1,705,930$931,872$767,258$1,339,274
65$1,831,719$929,318$744,745$1,394,162
66$1,968,819$925,120$719,960$1,453,329
67$2,118,338$919,149$692,777$1,517,226
68$2,281,491$911,271$663,068$1,586,348
69$2,459,619$901,339$630,696$1,661,247
70$2,654,196$889,201$595,521$1,742,532
71$2,866,847$874,694$557,394$1,830,878
72$3,099,359$857,648$516,160$1,927,032
73$3,353,700$837,879$471,658$2,031,824
74$3,632,038$815,195$423,718$2,146,168
75$3,936,757$789,392$372,165$2,271,080
76$4,270,488$760,253$316,814$2,407,679
77$4,636,122$727,550$257,472$2,557,209
78$5,036,848$691,041$193,938$2,721,041
79$5,476,174$650,470$126,003$2,900,695
80$5,957,968$605,567$53,448$3,097,850
81$6,486,485$556,045$0$3,314,363
82$7,066,417$501,601$0$3,556,380
83$7,702,929$441,917$0$3,832,081
84$8,401,711$376,654$0$4,134,881
85$9,169,030$305,455$0$4,467,598
86$10,011,792$227,943$0$4,833,341
87$10,937,603$143,720$0$5,235,543
88$11,954,841$52,365$0$5,677,992
89$13,072,739$0$0$6,164,872
90$14,301,464$0$0$6,721,808
91$15,652,222$0$0$7,360,143
92$17,137,356$0$0$8,062,099
93$18,770,464$0$0$8,834,117
94$20,566,529$0$0$9,683,297
95$22,542,060$0$0$10,617,458
96$24,715,245$0$0$11,645,216
97$27,106,121$0$0$12,776,067
98$29,736,770$0$0$14,020,470
99$32,631,518$0$0$15,389,952
100$35,817,171$0$0$16,897,212