Can I retire at age 55 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$66,063$65,475$64,901$64,340$63,793$62,429
2 years$32,705$32,095$31,505$30,933$30,378$29,010
3 years$21,586$20,975$20,386$19,819$19,273$17,944
4 years$16,029$15,419$14,836$14,278$13,746$12,466
5 years$12,695$12,088$11,513$10,967$10,449$9,223
6 years$10,473$9,871$9,304$8,771$8,268$7,096
7 years$8,886$8,290$7,732$7,211$6,724$5,606
8 years$7,697$7,106$6,557$6,049$5,578$4,515
9 years$6,773$6,187$5,648$5,152$4,698$3,688
10 years$6,033$5,453$4,924$4,441$4,003$3,045
11 years$5,429$4,855$4,335$3,865$3,442$2,536
12 years$4,926$4,357$3,847$3,390$2,983$2,126
13 years$4,500$3,938$3,437$2,993$2,601$1,793
14 years$4,136$3,579$3,088$2,657$2,280$1,518
15 years$3,820$3,270$2,788$2,370$2,008$1,291
16 years$3,544$3,000$2,528$2,122$1,775$1,101
17 years$3,301$2,763$2,300$1,906$1,573$941
18 years$3,085$2,553$2,100$1,718$1,399$806
19 years$2,892$2,366$1,922$1,552$1,247$692
20 years$2,719$2,199$1,764$1,406$1,114$595
21 years$2,562$2,048$1,623$1,276$997$512
22 years$2,420$1,912$1,496$1,160$893$442
23 years$2,290$1,788$1,381$1,057$802$381
24 years$2,172$1,675$1,277$964$721$329
25 years$2,063$1,572$1,183$880$649$284
26 years$1,962$1,478$1,097$805$584$246
27 years$1,869$1,391$1,019$737$527$213
28 years$1,783$1,310$947$675$475$184
29 years$1,703$1,236$881$619$429$159
30 years$1,628$1,167$821$568$388$138
31 years$1,559$1,104$765$522$351$120
32 years$1,494$1,044$714$479$317$104
33 years$1,433$989$667$441$287$90
34 years$1,375$937$623$406$260$78
35 years$1,321$889$582$373$235$68
36 years$1,271$844$545$344$213$59
37 years$1,223$801$510$317$193$51
38 years$1,177$762$478$292$175$44
39 years$1,134$724$447$269$159$38
40 years$1,094$689$419$248$144$33
41 years$1,055$656$393$229$131$29
42 years$1,019$625$369$211$119$25
43 years$984$595$346$195$108$22
44 years$951$567$325$180$98$19
45 years$919$541$305$166$89$16
46 years$889$516$287$154$81$14
47 years$860$492$269$142$73$12
48 years$833$470$253$131$66$11
49 years$806$449$238$121$60$9
50 years$781$429$224$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $800,000, adding $5,322 every year, while hoping to spend $39,346 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: 72/5/23 Blend
54$800,000$800,000$800,000$800,000
55$887,090$844,690$832,290$945,537
56$935,709$844,216$818,308$984,723
57$987,969$842,400$802,538$1,022,455
58$1,044,199$839,134$784,880$1,062,815
59$1,104,761$834,306$765,228$1,106,060
60$1,170,054$827,794$743,470$1,152,473
61$1,240,513$819,470$719,490$1,202,367
62$1,316,619$809,198$693,167$1,256,085
63$1,398,900$796,834$664,374$1,314,010
64$1,487,935$782,226$632,977$1,376,562
65$1,584,361$765,212$598,839$1,444,205
66$1,688,880$745,621$561,814$1,517,451
67$1,802,261$723,272$521,751$1,596,867
68$1,925,353$697,973$478,490$1,683,077
69$2,059,086$669,521$431,867$1,776,772
70$2,204,487$637,702$381,708$1,878,712
71$2,362,682$602,287$327,833$1,989,737
72$2,534,914$563,038$270,054$2,110,775
73$2,722,548$519,699$208,173$2,242,850
74$2,927,086$472,002$141,985$2,387,090
75$3,150,182$419,664$71,275$2,544,743
76$3,393,657$362,383$0$2,717,183
77$3,659,514$299,844$0$2,906,957
78$3,949,959$231,712$0$3,133,445
79$4,267,421$157,631$0$3,381,044
80$4,614,573$77,230$0$3,651,856
81$4,994,358$0$0$3,948,196
82$5,410,017$0$0$4,273,156
83$5,865,121$0$0$4,633,644
84$6,363,599$0$0$5,028,526
85$6,909,778$0$0$5,461,238
86$7,508,426$0$0$5,935,560
87$8,164,793$0$0$6,455,657
88$8,884,660$0$0$7,026,116
89$9,674,396$0$0$7,651,989
90$10,541,016$0$0$8,338,841
91$11,492,245$0$0$9,092,803
92$12,536,595$0$0$9,920,625
93$13,683,441$0$0$10,829,747
94$14,943,111$0$0$11,828,361
95$16,326,982$0$0$12,925,495
96$17,847,587$0$0$14,131,091
97$19,518,735$0$0$15,456,105
98$21,355,637$0$0$16,912,604
99$23,375,051$0$0$18,513,886
100$25,595,442$0$0$20,274,600