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%18.5%
1 years$70,192$69,567$68,957$68,362$67,780$65,453
2 years$34,749$34,101$33,474$32,866$32,276$29,956
3 years$22,936$22,286$21,660$21,058$20,477$18,236
4 years$17,030$16,382$15,763$15,171$14,605$12,460
5 years$13,488$12,844$12,233$11,653$11,102$9,059
6 years$11,127$10,488$9,886$9,319$8,785$6,845
7 years$9,442$8,808$8,215$7,661$7,144$5,308
8 years$8,178$7,550$6,967$6,427$5,927$4,193
9 years$7,196$6,574$6,001$5,474$4,991$3,357
10 years$6,410$5,794$5,232$4,719$4,253$2,715
11 years$5,768$5,158$4,606$4,107$3,658$2,214
12 years$5,234$4,630$4,088$3,602$3,170$1,816
13 years$4,781$4,184$3,652$3,180$2,764$1,498
14 years$4,394$3,803$3,281$2,823$2,423$1,240
15 years$4,059$3,474$2,963$2,518$2,133$1,030
16 years$3,766$3,188$2,686$2,254$1,885$858
17 years$3,507$2,936$2,444$2,026$1,672$716
18 years$3,278$2,713$2,231$1,825$1,486$599
19 years$3,073$2,514$2,043$1,649$1,325$501
20 years$2,889$2,336$1,875$1,494$1,183$420
21 years$2,722$2,176$1,724$1,356$1,059$353
22 years$2,571$2,031$1,589$1,233$949$296
23 years$2,433$1,900$1,467$1,123$852$249
24 years$2,307$1,780$1,357$1,024$766$210
25 years$2,191$1,670$1,257$935$689$176
26 years$2,085$1,570$1,166$855$621$148
27 years$1,986$1,478$1,082$783$560$125
28 years$1,894$1,392$1,006$717$505$105
29 years$1,809$1,313$936$658$456$89
30 years$1,730$1,240$872$603$412$75
31 years$1,656$1,173$813$554$373$63
32 years$1,587$1,109$759$509$337$53
33 years$1,522$1,051$708$468$305$45
34 years$1,461$996$662$431$276$38
35 years$1,404$945$619$397$250$32
36 years$1,350$897$579$365$227$27
37 years$1,299$851$542$337$205$23
38 years$1,251$809$507$310$186$19
39 years$1,205$769$475$286$169$16
40 years$1,162$732$446$264$153$14
41 years$1,121$697$418$243$139$12
42 years$1,082$664$392$225$126$10
43 years$1,045$632$368$207$114$8
44 years$1,010$603$345$192$104$7
45 years$976$575$324$177$94$6
46 years$944$548$304$163$86$5
47 years$914$523$286$151$78$4
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$3
50 years$830$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $850,000, adding $6,997 every year, while hoping to spend $31,312 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: 34/37/29 Blend
54$850,000$850,000$850,000$850,000
55$943,917$898,867$885,692$967,548
56$1,006,881$909,596$882,047$996,746
57$1,075,218$919,801$877,231$1,024,933
58$1,149,443$929,424$871,170$1,054,730
59$1,230,121$938,401$863,790$1,086,301
60$1,317,878$946,667$855,011$1,119,830
61$1,413,397$954,149$844,750$1,155,522
62$1,517,434$960,773$832,920$1,193,605
63$1,630,819$966,457$819,429$1,234,329
64$1,754,465$971,116$804,182$1,277,977
65$1,889,377$974,658$787,079$1,324,859
66$2,036,664$976,987$768,017$1,375,322
67$2,197,543$977,998$746,884$1,429,748
68$2,373,355$977,583$723,568$1,488,565
69$2,565,578$975,625$697,948$1,552,243
70$2,775,837$972,000$669,899$1,621,307
71$3,005,922$966,578$639,290$1,696,339
72$3,257,804$959,219$605,985$1,777,980
73$3,533,655$949,776$569,840$1,866,945
74$3,835,865$938,092$530,707$1,964,025
75$4,167,066$924,001$488,429$2,070,093
76$4,530,158$907,328$442,842$2,186,120
77$4,928,333$887,887$393,777$2,313,180
78$5,365,110$865,480$341,055$2,452,459
79$5,844,362$839,899$284,491$2,605,273
80$6,370,356$810,923$223,890$2,773,077
81$6,947,792$778,318$159,050$2,957,480
82$7,581,848$741,837$89,760$3,160,264
83$8,278,227$701,217$15,797$3,383,397
84$9,043,212$656,183$0$3,629,057
85$9,883,724$606,441$0$3,919,187
86$10,807,390$551,682$0$4,243,400
87$11,822,608$491,579$0$4,599,823
88$12,938,633$425,786$0$4,991,789
89$14,165,662$353,938$0$5,422,974
90$15,514,928$275,649$0$5,897,438
91$16,998,806$190,511$0$6,419,658
92$18,630,933$98,094$0$6,994,577
93$20,426,331$0$0$7,627,645
94$22,401,554$0$0$8,325,715
95$24,574,839$0$0$9,137,869
96$26,966,282$0$0$10,031,695
97$29,598,023$0$0$11,015,487
98$32,494,459$0$0$12,098,383
99$35,682,471$0$0$13,290,453
100$39,191,677$0$0$14,602,793