Can I retire at age 55 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$70,440$69,813$69,200$68,603$68,019$67,058
2 years$34,871$34,222$33,592$32,982$32,390$31,424
3 years$23,017$22,364$21,737$21,132$20,550$19,608
4 years$17,090$16,440$15,819$15,224$14,656$13,746
5 years$13,536$12,889$12,276$11,694$11,141$10,266
6 years$11,167$10,525$9,921$9,352$8,816$7,976
7 years$9,475$8,839$8,244$7,688$7,170$6,366
8 years$8,207$7,577$6,992$6,450$5,948$5,180
9 years$7,221$6,597$6,022$5,494$5,009$4,277
10 years$6,433$5,815$5,250$4,736$4,268$3,571
11 years$5,789$5,177$4,622$4,121$3,671$3,007
12 years$5,252$4,646$4,102$3,615$3,181$2,551
13 years$4,798$4,199$3,665$3,192$2,774$2,177
14 years$4,410$3,817$3,293$2,833$2,431$1,866
15 years$4,073$3,487$2,973$2,527$2,141$1,606
16 years$3,779$3,199$2,696$2,262$1,892$1,387
17 years$3,520$2,946$2,453$2,033$1,678$1,201
18 years$3,290$2,722$2,239$1,832$1,492$1,043
19 years$3,084$2,523$2,050$1,655$1,330$907
20 years$2,899$2,344$1,881$1,499$1,188$791
21 years$2,732$2,184$1,730$1,361$1,063$690
22 years$2,580$2,038$1,595$1,237$953$603
23 years$2,442$1,907$1,472$1,127$855$528
24 years$2,315$1,786$1,362$1,028$769$462
25 years$2,199$1,676$1,261$938$692$405
26 years$2,092$1,575$1,170$858$623$355
27 years$1,993$1,483$1,086$785$562$312
28 years$1,901$1,397$1,010$720$507$274
29 years$1,816$1,318$940$660$458$241
30 years$1,736$1,245$875$606$414$211
31 years$1,662$1,177$816$556$374$186
32 years$1,593$1,113$761$511$338$164
33 years$1,528$1,054$711$470$306$144
34 years$1,466$999$664$432$277$127
35 years$1,409$948$621$398$251$112
36 years$1,355$900$581$367$227$98
37 years$1,304$854$544$338$206$87
38 years$1,255$812$509$311$187$76
39 years$1,210$772$477$287$169$67
40 years$1,166$735$447$265$154$59
41 years$1,125$699$419$244$139$52
42 years$1,086$666$393$225$127$46
43 years$1,049$635$369$208$115$40
44 years$1,013$605$346$192$104$36
45 years$980$577$325$177$95$31
46 years$948$550$306$164$86$28
47 years$917$525$287$151$78$24
48 years$888$501$270$140$71$22
49 years$860$479$254$129$64$19
50 years$833$457$238$120$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $853,000, adding $6,550 every year, while hoping to spend $50,156 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: 44/37/19 Blend
54$853,000$853,000$853,000$853,000
55$946,762$901,553$888,332$982,955
56$989,966$892,364$864,725$999,872
57$1,035,896$881,043$838,647$1,012,745
58$1,084,777$867,434$809,961$1,025,651
59$1,136,855$851,369$778,526$1,038,619
60$1,192,401$832,672$744,192$1,051,681
61$1,251,708$811,155$706,805$1,064,877
62$1,315,102$786,622$666,203$1,078,257
63$1,382,938$758,861$622,216$1,091,877
64$1,455,604$727,652$574,667$1,105,806
65$1,533,528$692,759$523,370$1,120,123
66$1,617,177$653,934$468,133$1,134,922
67$1,707,067$610,914$408,753$1,150,309
68$1,803,761$563,422$345,019$1,166,410
69$1,907,878$511,164$276,711$1,183,367
70$2,020,100$453,829$203,600$1,201,346
71$2,141,174$391,090$125,443$1,220,534
72$2,271,920$322,600$41,992$1,241,146
73$2,413,242$247,993$0$1,263,426
74$2,566,130$166,882$0$1,297,193
75$2,731,674$78,859$0$1,342,925
76$2,911,074$0$0$1,392,513
77$3,105,648$0$0$1,453,141
78$3,316,843$0$0$1,553,884
79$3,546,255$0$0$1,663,408
80$3,795,635$0$0$1,782,561
81$4,066,915$0$0$1,912,276
82$4,362,214$0$0$2,053,580
83$4,683,869$0$0$2,207,605
84$5,034,449$0$0$2,375,594
85$5,416,783$0$0$2,558,916
86$5,833,982$0$0$2,759,079
87$6,289,473$0$0$2,977,742
88$6,787,028$0$0$3,216,731
89$7,330,798$0$0$3,478,059
90$7,925,355$0$0$3,763,938
91$8,575,731$0$0$4,076,806
92$9,287,468$0$0$4,419,350
93$10,066,669$0$0$4,794,524
94$10,920,052$0$0$5,205,584
95$11,855,017$0$0$5,656,116
96$12,879,714$0$0$6,150,069
97$14,003,119$0$0$6,691,791
98$15,235,115$0$0$7,286,073
99$16,586,590$0$0$7,938,191
100$18,069,537$0$0$8,653,956