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%13.8%
1 years$66,063$65,475$64,901$64,340$63,793$62,788
2 years$32,705$32,095$31,505$30,933$30,378$29,368
3 years$21,586$20,975$20,386$19,819$19,273$18,289
4 years$16,029$15,419$14,836$14,278$13,746$12,796
5 years$12,695$12,088$11,513$10,967$10,449$9,537
6 years$10,473$9,871$9,304$8,771$8,268$7,393
7 years$8,886$8,290$7,732$7,211$6,724$5,888
8 years$7,697$7,106$6,557$6,049$5,578$4,780
9 years$6,773$6,187$5,648$5,152$4,698$3,937
10 years$6,033$5,453$4,924$4,441$4,003$3,279
11 years$5,429$4,855$4,335$3,865$3,442$2,755
12 years$4,926$4,357$3,847$3,390$2,983$2,331
13 years$4,500$3,938$3,437$2,993$2,601$1,983
14 years$4,136$3,579$3,088$2,657$2,280$1,696
15 years$3,820$3,270$2,788$2,370$2,008$1,456
16 years$3,544$3,000$2,528$2,122$1,775$1,254
17 years$3,301$2,763$2,300$1,906$1,573$1,083
18 years$3,085$2,553$2,100$1,718$1,399$937
19 years$2,892$2,366$1,922$1,552$1,247$813
20 years$2,719$2,199$1,764$1,406$1,114$706
21 years$2,562$2,048$1,623$1,276$997$615
22 years$2,420$1,912$1,496$1,160$893$535
23 years$2,290$1,788$1,381$1,057$802$467
24 years$2,172$1,675$1,277$964$721$408
25 years$2,063$1,572$1,183$880$649$356
26 years$1,962$1,478$1,097$805$584$311
27 years$1,869$1,391$1,019$737$527$272
28 years$1,783$1,310$947$675$475$239
29 years$1,703$1,236$881$619$429$209
30 years$1,628$1,167$821$568$388$183
31 years$1,559$1,104$765$522$351$160
32 years$1,494$1,044$714$479$317$141
33 years$1,433$989$667$441$287$123
34 years$1,375$937$623$406$260$108
35 years$1,321$889$582$373$235$95
36 years$1,271$844$545$344$213$83
37 years$1,223$801$510$317$193$73
38 years$1,177$762$478$292$175$64
39 years$1,134$724$447$269$159$56
40 years$1,094$689$419$248$144$49
41 years$1,055$656$393$229$131$43
42 years$1,019$625$369$211$119$38
43 years$984$595$346$195$108$34
44 years$951$567$325$180$98$29
45 years$919$541$305$166$89$26
46 years$889$516$287$154$81$23
47 years$860$492$269$142$73$20
48 years$833$470$253$131$66$18
49 years$806$449$238$121$60$15
50 years$781$429$224$112$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $800,000, adding $6,061 every year, while hoping to spend $49,904 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: 72/13/15 Blend
54$800,000$800,000$800,000$800,000
55$887,852$845,452$833,052$948,365
56$925,315$833,782$807,862$977,628
57$964,927$819,867$780,155$1,003,007
58$1,006,855$803,545$749,795$1,029,488
59$1,051,279$784,644$716,638$1,057,169
60$1,098,399$762,981$680,535$1,086,161
61$1,148,432$738,363$641,329$1,116,584
62$1,201,614$710,585$598,856$1,148,575
63$1,258,207$679,432$552,946$1,182,283
64$1,318,495$644,675$503,420$1,217,876
65$1,382,788$606,070$450,091$1,255,539
66$1,451,427$563,363$392,764$1,295,477
67$1,524,787$516,282$331,237$1,337,919
68$1,603,278$464,542$265,295$1,383,117
69$1,687,348$407,840$194,718$1,431,354
70$1,777,489$345,857$119,273$1,482,940
71$1,874,243$278,254$38,719$1,538,220
72$1,978,203$204,675$0$1,597,579
73$2,090,020$124,744$0$1,669,002
74$2,210,408$38,063$0$1,752,503
75$2,340,152$0$0$1,842,444
76$2,480,116$0$0$1,947,429
77$2,631,245$0$0$2,066,699
78$2,794,582$0$0$2,195,634
79$2,971,270$0$0$2,335,142
80$3,162,567$0$0$2,486,219
81$3,369,855$0$0$2,649,963
82$3,594,655$0$0$2,827,578
83$3,838,639$0$0$3,020,391
84$4,103,645$0$0$3,229,859
85$4,391,695$0$0$3,457,586
86$4,705,015$0$0$3,705,338
87$5,046,053$0$0$3,975,055
88$5,417,502$0$0$4,268,874
89$5,822,327$0$0$4,589,146
90$6,263,789$0$0$4,938,458
91$6,745,480$0$0$5,319,659
92$7,271,350$0$0$5,735,883
93$7,845,751$0$0$6,190,580
94$8,473,472$0$0$6,687,551
95$9,159,785$0$0$7,230,976
96$9,910,496$0$0$7,825,462
97$10,731,996$0$0$8,476,078
98$11,631,324$0$0$9,188,409
99$12,616,230$0$0$9,968,602
100$13,695,250$0$0$10,823,428