Can I retire at age 55 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$70,523$69,894$69,281$68,683$68,099$67,054
2 years$34,912$34,262$33,632$33,021$32,428$31,378
3 years$23,044$22,391$21,762$21,157$20,574$19,551
4 years$17,110$16,459$15,837$15,242$14,673$13,685
5 years$13,551$12,904$12,290$11,708$11,154$10,205
6 years$11,180$10,537$9,932$9,363$8,826$7,916
7 years$9,486$8,849$8,254$7,697$7,178$6,307
8 years$8,217$7,585$7,000$6,457$5,955$5,123
9 years$7,230$6,605$6,029$5,500$5,015$4,222
10 years$6,441$5,822$5,256$4,741$4,273$3,519
11 years$5,795$5,183$4,628$4,126$3,675$2,958
12 years$5,258$4,652$4,107$3,619$3,185$2,505
13 years$4,804$4,204$3,669$3,195$2,777$2,133
14 years$4,415$3,821$3,297$2,836$2,434$1,825
15 years$4,078$3,491$2,977$2,530$2,143$1,567
16 years$3,784$3,203$2,699$2,265$1,894$1,351
17 years$3,524$2,949$2,456$2,035$1,680$1,167
18 years$3,294$2,725$2,242$1,834$1,493$1,011
19 years$3,088$2,526$2,052$1,657$1,331$878
20 years$2,902$2,347$1,883$1,501$1,189$763
21 years$2,735$2,186$1,732$1,362$1,064$665
22 years$2,583$2,041$1,597$1,239$954$579
23 years$2,445$1,909$1,474$1,128$856$506
24 years$2,318$1,788$1,363$1,029$770$442
25 years$2,202$1,678$1,263$940$692$386
26 years$2,094$1,577$1,171$859$624$338
27 years$1,995$1,484$1,088$786$562$296
28 years$1,903$1,399$1,011$720$507$259
29 years$1,818$1,320$941$661$458$227
30 years$1,738$1,246$876$606$414$199
31 years$1,664$1,178$817$557$374$175
32 years$1,595$1,115$762$512$339$153
33 years$1,529$1,056$712$471$306$135
34 years$1,468$1,001$665$433$277$118
35 years$1,411$949$622$399$251$104
36 years$1,356$901$582$367$228$91
37 years$1,305$855$544$338$206$80
38 years$1,257$813$510$312$187$70
39 years$1,211$773$478$287$170$62
40 years$1,168$736$448$265$154$54
41 years$1,126$700$420$245$140$48
42 years$1,087$667$394$226$127$42
43 years$1,050$635$369$208$115$37
44 years$1,015$606$347$192$104$32
45 years$981$577$326$178$95$29
46 years$949$551$306$164$86$25
47 years$918$526$287$152$78$22
48 years$889$502$270$140$71$19
49 years$861$479$254$130$64$17
50 years$834$458$239$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $854,000, adding $6,640 every year, while hoping to spend $56,723 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: 36/50/14 Blend
54$854,000$854,000$854,000$854,000
55$947,957$902,695$889,458$977,781
56$984,296$886,574$858,902$983,751
57$1,022,440$867,763$825,421$984,297
58$1,062,514$846,068$788,858$983,656
59$1,104,653$821,288$749,047$981,749
60$1,149,003$793,207$705,816$978,497
61$1,195,725$761,597$658,984$973,819
62$1,244,993$726,219$608,364$967,631
63$1,296,996$686,817$553,758$959,845
64$1,351,941$643,123$494,960$950,374
65$1,410,054$594,851$431,757$939,125
66$1,471,581$541,701$363,922$926,008
67$1,536,792$483,354$291,223$910,927
68$1,605,980$419,473$213,415$893,789
69$1,679,467$349,705$130,241$874,496
70$1,757,605$273,672$41,436$852,954
71$1,840,778$190,979$0$829,067
72$1,929,407$101,207$0$810,708
73$2,023,954$3,914$0$796,940
74$2,124,924$0$0$781,523
75$2,232,870$0$0$820,190
76$2,348,399$0$0$863,955
77$2,472,178$0$0$910,928
78$2,604,935$0$0$961,396
79$2,747,473$0$0$1,015,674
80$2,900,670$0$0$1,074,110
81$3,065,491$0$0$1,137,083
82$3,242,995$0$0$1,205,013
83$3,434,348$0$0$1,278,357
84$3,640,825$0$0$1,357,621
85$3,863,834$0$0$1,443,360
86$4,104,915$0$0$1,536,182
87$4,365,767$0$0$1,636,759
88$4,648,253$0$0$1,745,828
89$4,954,424$0$0$1,864,198
90$5,286,534$0$0$1,992,761
91$5,647,062$0$0$2,132,497
92$6,038,735$0$0$2,284,486
93$6,464,552$0$0$2,449,913
94$6,927,813$0$0$2,630,085
95$7,432,149$0$0$2,826,438
96$7,981,555$0$0$3,040,554
97$8,580,427$0$0$3,274,173
98$9,233,604$0$0$3,529,211
99$9,946,411$0$0$3,807,777
100$10,724,710$0$0$4,112,191