Can I retire at age 55 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$66,311$65,720$65,144$64,582$64,032$62,257
2 years$32,827$32,216$31,623$31,049$30,492$28,716
3 years$21,667$21,053$20,462$19,893$19,345$17,626
4 years$16,089$15,476$14,891$14,332$13,797$12,146
5 years$12,742$12,134$11,556$11,008$10,488$8,911
6 years$10,512$9,908$9,339$8,803$8,299$6,796
7 years$8,920$8,321$7,761$7,238$6,749$5,321
8 years$7,726$7,132$6,582$6,072$5,599$4,245
9 years$6,798$6,210$5,669$5,172$4,715$3,434
10 years$6,056$5,474$4,942$4,458$4,018$2,808
11 years$5,449$4,873$4,351$3,880$3,455$2,314
12 years$4,944$4,374$3,862$3,403$2,994$1,920
13 years$4,517$3,953$3,450$3,004$2,611$1,602
14 years$4,151$3,593$3,100$2,667$2,289$1,342
15 years$3,834$3,282$2,799$2,379$2,015$1,128
16 years$3,558$3,011$2,538$2,130$1,781$951
17 years$3,314$2,773$2,309$1,914$1,579$804
18 years$3,097$2,563$2,108$1,724$1,404$681
19 years$2,903$2,375$1,930$1,558$1,252$577
20 years$2,729$2,207$1,771$1,411$1,118$490
21 years$2,572$2,056$1,629$1,281$1,000$417
22 years$2,429$1,919$1,501$1,165$897$355
23 years$2,299$1,795$1,386$1,061$805$302
24 years$2,180$1,682$1,282$967$724$258
25 years$2,070$1,578$1,187$883$651$220
26 years$1,969$1,483$1,101$808$586$188
27 years$1,876$1,396$1,023$739$529$160
28 years$1,790$1,315$951$677$477$137
29 years$1,709$1,241$885$621$431$117
30 years$1,635$1,172$824$570$389$100
31 years$1,565$1,108$768$524$352$86
32 years$1,499$1,048$717$481$318$73
33 years$1,438$993$669$442$288$63
34 years$1,381$941$625$407$261$54
35 years$1,326$892$585$375$236$46
36 years$1,275$847$547$345$214$39
37 years$1,227$804$512$318$194$34
38 years$1,182$764$479$293$176$29
39 years$1,139$727$449$270$160$25
40 years$1,098$692$421$249$145$21
41 years$1,059$658$395$230$131$18
42 years$1,022$627$370$212$119$15
43 years$987$597$347$196$108$13
44 years$954$569$326$181$98$11
45 years$922$543$306$167$89$10
46 years$892$518$288$154$81$8
47 years$863$494$270$143$73$7
48 years$836$472$254$132$67$6
49 years$809$451$239$122$61$5
50 years$784$430$224$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $803,000, adding $6,317 every year, while hoping to spend $48,946 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: 38/49/13 Blend
54$803,000$803,000$803,000$803,000
55$891,422$848,863$836,416$921,555
56$930,269$838,379$812,358$933,135
57$971,438$825,741$785,854$940,428
58$1,015,114$810,792$756,769$947,239
59$1,061,499$793,364$724,965$953,550
60$1,110,815$773,282$690,294$959,342
61$1,163,305$750,359$652,605$964,601
62$1,219,232$724,398$611,738$969,314
63$1,278,889$695,188$567,526$973,474
64$1,342,592$662,508$519,795$977,077
65$1,410,690$626,125$468,362$980,123
66$1,483,566$585,791$413,037$982,621
67$1,561,638$541,243$353,622$984,584
68$1,645,366$492,205$289,910$986,034
69$1,735,254$438,384$221,682$987,004
70$1,831,856$379,470$148,715$987,536
71$1,935,778$315,138$70,770$987,685
72$2,047,689$245,041$0$987,519
73$2,168,320$168,814$0$988,846
74$2,298,476$86,073$0$1,000,633
75$2,439,041$0$0$1,013,217
76$2,590,986$0$0$1,028,716
77$2,755,379$0$0$1,095,784
78$2,933,394$0$0$1,168,501
79$3,126,322$0$0$1,247,405
80$3,335,579$0$0$1,333,088
81$3,562,728$0$0$1,426,201
82$3,809,484$0$0$1,527,463
83$4,077,735$0$0$1,637,660
84$4,369,558$0$0$1,757,661
85$4,687,237$0$0$1,888,420
86$5,033,287$0$0$2,030,988
87$5,410,475$0$0$2,186,521
88$5,821,845$0$0$2,356,292
89$6,270,749$0$0$2,541,703
90$6,760,876$0$0$2,744,295
91$7,296,288$0$0$2,965,767
92$7,881,454$0$0$3,207,988
93$8,521,296$0$0$3,473,017
94$9,221,235$0$0$3,763,119
95$9,987,237$0$0$4,080,791
96$10,825,872$0$0$4,428,782
97$11,744,375$0$0$4,810,118
98$12,750,716$0$0$5,228,132
99$13,853,668$0$0$5,686,497
100$15,062,896$0$0$6,189,255