Can I retire at age 55 with 850,000?

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 $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%12.6%
1 years$70,192$69,567$68,957$68,362$67,780$67,044
2 years$34,749$34,101$33,474$32,866$32,276$31,535
3 years$22,936$22,286$21,660$21,058$20,477$19,755
4 years$17,030$16,382$15,763$15,171$14,605$13,905
5 years$13,488$12,844$12,233$11,653$11,102$10,428
6 years$11,127$10,488$9,886$9,319$8,785$8,137
7 years$9,442$8,808$8,215$7,661$7,144$6,524
8 years$8,178$7,550$6,967$6,427$5,927$5,333
9 years$7,196$6,574$6,001$5,474$4,991$4,424
10 years$6,410$5,794$5,232$4,719$4,253$3,711
11 years$5,768$5,158$4,606$4,107$3,658$3,141
12 years$5,234$4,630$4,088$3,602$3,170$2,678
13 years$4,781$4,184$3,652$3,180$2,764$2,297
14 years$4,394$3,803$3,281$2,823$2,423$1,980
15 years$4,059$3,474$2,963$2,518$2,133$1,713
16 years$3,766$3,188$2,686$2,254$1,885$1,488
17 years$3,507$2,936$2,444$2,026$1,672$1,296
18 years$3,278$2,713$2,231$1,825$1,486$1,131
19 years$3,073$2,514$2,043$1,649$1,325$990
20 years$2,889$2,336$1,875$1,494$1,183$868
21 years$2,722$2,176$1,724$1,356$1,059$762
22 years$2,571$2,031$1,589$1,233$949$670
23 years$2,433$1,900$1,467$1,123$852$590
24 years$2,307$1,780$1,357$1,024$766$520
25 years$2,191$1,670$1,257$935$689$458
26 years$2,085$1,570$1,166$855$621$405
27 years$1,986$1,478$1,082$783$560$357
28 years$1,894$1,392$1,006$717$505$316
29 years$1,809$1,313$936$658$456$279
30 years$1,730$1,240$872$603$412$247
31 years$1,656$1,173$813$554$373$219
32 years$1,587$1,109$759$509$337$194
33 years$1,522$1,051$708$468$305$172
34 years$1,461$996$662$431$276$152
35 years$1,404$945$619$397$250$135
36 years$1,350$897$579$365$227$120
37 years$1,299$851$542$337$205$106
38 years$1,251$809$507$310$186$94
39 years$1,205$769$475$286$169$83
40 years$1,162$732$446$264$153$74
41 years$1,121$697$418$243$139$66
42 years$1,082$664$392$225$126$58
43 years$1,045$632$368$207$114$52
44 years$1,010$603$345$192$104$46
45 years$976$575$324$177$94$41
46 years$944$548$304$163$86$36
47 years$914$523$286$151$78$32
48 years$885$500$269$139$71$28
49 years$857$477$253$129$64$25
50 years$830$456$238$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $850,000, adding $4,257 every year, while hoping to spend $50,345 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: 61/17/22 Blend
54$850,000$850,000$850,000$850,000
55$941,091$896,041$882,866$992,806
56$983,516$886,380$858,875$1,018,664
57$1,028,580$874,559$832,394$1,040,959
58$1,076,501$860,418$803,284$1,064,168
59$1,127,514$843,788$771,405$1,088,385
60$1,181,879$824,492$736,605$1,113,721
61$1,239,878$802,341$698,729$1,140,297
62$1,301,824$777,133$657,614$1,168,247
63$1,368,055$748,658$613,089$1,197,726
64$1,438,945$716,690$564,977$1,228,903
65$1,514,904$680,995$513,090$1,261,969
66$1,596,380$641,319$457,234$1,297,138
67$1,683,865$597,398$397,206$1,334,645
68$1,777,901$548,952$332,793$1,374,758
69$1,879,080$495,684$263,775$1,417,771
70$1,988,054$437,280$189,919$1,464,015
71$2,105,538$373,410$110,985$1,513,856
72$2,232,319$303,723$26,719$1,567,703
73$2,369,261$227,850$0$1,626,012
74$2,517,311$145,401$0$1,704,126
75$2,677,514$55,963$0$1,795,427
76$2,851,016$0$0$1,894,330
77$3,039,077$0$0$2,009,252
78$3,243,085$0$0$2,145,329
79$3,464,562$0$0$2,293,116
80$3,705,187$0$0$2,453,740
81$3,966,804$0$0$2,628,440
82$4,251,442$0$0$2,818,579
83$4,561,334$0$0$3,025,655
84$4,898,936$0$0$3,251,321
85$5,266,953$0$0$3,497,391
86$5,668,359$0$0$3,765,865
87$6,106,431$0$0$4,058,943
88$6,584,773$0$0$4,379,047
89$7,107,354$0$0$4,728,844
90$7,678,542$0$0$5,111,269
91$8,303,148$0$0$5,529,554
92$8,986,467$0$0$5,987,258
93$9,734,332$0$0$6,488,298
94$10,553,163$0$0$7,036,991
95$11,450,032$0$0$7,638,086
96$12,432,725$0$0$8,296,819
97$13,509,819$0$0$9,018,950
98$14,690,759$0$0$9,810,829
99$15,985,947$0$0$10,679,446
100$17,406,842$0$0$11,632,501