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%13.1%
1 years$70,440$69,813$69,200$68,603$68,019$67,142
2 years$34,871$34,222$33,592$32,982$32,390$31,507
3 years$23,017$22,364$21,737$21,132$20,550$19,689
4 years$17,090$16,440$15,819$15,224$14,656$13,824
5 years$13,536$12,889$12,276$11,694$11,141$10,340
6 years$11,167$10,525$9,921$9,352$8,816$8,047
7 years$9,475$8,839$8,244$7,688$7,170$6,433
8 years$8,207$7,577$6,992$6,450$5,948$5,244
9 years$7,221$6,597$6,022$5,494$5,009$4,337
10 years$6,433$5,815$5,250$4,736$4,268$3,627
11 years$5,789$5,177$4,622$4,121$3,671$3,061
12 years$5,252$4,646$4,102$3,615$3,181$2,602
13 years$4,798$4,199$3,665$3,192$2,774$2,224
14 years$4,410$3,817$3,293$2,833$2,431$1,911
15 years$4,073$3,487$2,973$2,527$2,141$1,648
16 years$3,779$3,199$2,696$2,262$1,892$1,426
17 years$3,520$2,946$2,453$2,033$1,678$1,238
18 years$3,290$2,722$2,239$1,832$1,492$1,077
19 years$3,084$2,523$2,050$1,655$1,330$939
20 years$2,899$2,344$1,881$1,499$1,188$820
21 years$2,732$2,184$1,730$1,361$1,063$717
22 years$2,580$2,038$1,595$1,237$953$628
23 years$2,442$1,907$1,472$1,127$855$551
24 years$2,315$1,786$1,362$1,028$769$484
25 years$2,199$1,676$1,261$938$692$425
26 years$2,092$1,575$1,170$858$623$374
27 years$1,993$1,483$1,086$785$562$329
28 years$1,901$1,397$1,010$720$507$289
29 years$1,816$1,318$940$660$458$255
30 years$1,736$1,245$875$606$414$225
31 years$1,662$1,177$816$556$374$198
32 years$1,593$1,113$761$511$338$175
33 years$1,528$1,054$711$470$306$154
34 years$1,466$999$664$432$277$136
35 years$1,409$948$621$398$251$120
36 years$1,355$900$581$367$227$106
37 years$1,304$854$544$338$206$93
38 years$1,255$812$509$311$187$83
39 years$1,210$772$477$287$169$73
40 years$1,166$735$447$265$154$64
41 years$1,125$699$419$244$139$57
42 years$1,086$666$393$225$127$50
43 years$1,049$635$369$208$115$44
44 years$1,013$605$346$192$104$39
45 years$980$577$325$177$95$35
46 years$948$550$306$164$86$31
47 years$917$525$287$151$78$27
48 years$888$501$270$140$71$24
49 years$860$479$254$129$64$21
50 years$833$457$238$120$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $853,000, adding $5,487 every year, while hoping to spend $26,121 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: 72/17/11 Blend
54$853,000$853,000$853,000$853,000
55$945,666$900,457$887,235$1,011,289
56$1,014,331$916,787$889,165$1,071,761
57$1,089,125$933,041$890,284$1,134,206
58$1,170,645$949,189$890,538$1,201,873
59$1,259,548$965,197$889,868$1,275,271
60$1,356,558$981,028$888,215$1,354,960
61$1,462,473$996,644$885,516$1,441,559
62$1,578,168$1,012,003$881,704$1,535,750
63$1,704,610$1,027,060$876,710$1,638,281
64$1,842,861$1,041,767$870,461$1,749,980
65$1,994,092$1,056,072$862,880$1,871,758
66$2,159,591$1,069,921$853,888$2,004,618
67$2,340,778$1,083,255$843,401$2,149,666
68$2,539,213$1,096,011$831,332$2,308,121
69$2,756,619$1,108,122$817,587$2,481,325
70$2,994,890$1,119,516$802,073$2,670,759
71$3,256,114$1,130,117$784,687$2,878,054
72$3,542,588$1,139,843$765,324$3,105,006
73$3,856,844$1,148,608$743,875$3,353,597
74$4,201,672$1,156,319$720,224$3,626,010
75$4,580,142$1,162,878$694,251$3,924,651
76$4,995,637$1,168,180$665,830$4,252,171
77$5,451,886$1,172,114$634,828$4,611,493
78$5,952,992$1,174,562$601,109$5,005,837
79$6,503,479$1,175,398$564,528$5,438,754
80$7,108,329$1,174,487$524,935$5,914,156
81$7,773,032$1,171,690$482,173$6,436,354
82$8,503,632$1,166,854$436,077$7,010,102
83$9,306,794$1,159,821$386,477$7,640,637
84$10,189,855$1,150,420$333,192$8,333,732
85$11,160,902$1,138,473$276,036$9,095,749
86$12,228,844$1,123,788$214,813$9,933,702
87$13,403,496$1,106,163$149,319$10,855,319
88$14,695,673$1,085,386$79,342$11,869,119
89$16,117,290$1,061,228$4,658$12,984,490
90$17,681,475$1,033,450$0$14,211,780
91$19,402,695$1,001,799$0$15,571,202
92$21,296,887$966,004$0$17,067,673
93$23,381,613$925,781$0$18,714,530
94$25,676,222$880,830$0$20,527,071
95$28,202,037$830,830$0$22,522,156
96$30,982,551$775,447$0$24,718,368
97$34,043,650$714,322$0$27,136,180
98$37,413,858$647,081$0$29,798,159
99$41,124,608$573,323$0$32,729,172
100$45,210,531$492,630$0$35,956,624