Can I retire at age 55 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$66,394$65,802$65,225$64,662$64,112$63,601
2 years$32,868$32,256$31,663$31,088$30,530$30,015
3 years$21,694$21,080$20,488$19,918$19,369$18,866
4 years$16,109$15,496$14,910$14,350$13,814$13,327
5 years$12,758$12,149$11,571$11,022$10,501$10,031
6 years$10,525$9,920$9,351$8,814$8,309$7,857
7 years$8,931$8,331$7,771$7,247$6,758$6,323
8 years$7,736$7,141$6,590$6,079$5,606$5,190
9 years$6,806$6,218$5,676$5,178$4,721$4,323
10 years$6,063$5,481$4,949$4,464$4,023$3,642
11 years$5,456$4,879$4,357$3,885$3,460$3,096
12 years$4,950$4,379$3,866$3,407$2,998$2,652
13 years$4,523$3,958$3,454$3,008$2,614$2,284
14 years$4,156$3,597$3,104$2,670$2,292$1,978
15 years$3,839$3,286$2,802$2,381$2,018$1,720
16 years$3,562$3,015$2,541$2,132$1,783$1,501
17 years$3,318$2,777$2,312$1,916$1,581$1,313
18 years$3,101$2,566$2,110$1,727$1,406$1,152
19 years$2,907$2,378$1,932$1,560$1,253$1,013
20 years$2,733$2,210$1,773$1,413$1,119$893
21 years$2,575$2,058$1,631$1,282$1,002$788
22 years$2,432$1,921$1,503$1,166$898$697
23 years$2,302$1,797$1,388$1,062$806$616
24 years$2,182$1,684$1,284$969$724$546
25 years$2,073$1,580$1,189$884$652$484
26 years$1,972$1,485$1,103$809$587$430
27 years$1,878$1,398$1,024$740$529$382
28 years$1,792$1,317$952$678$478$339
29 years$1,712$1,242$886$622$431$302
30 years$1,637$1,173$825$571$390$269
31 years$1,567$1,109$769$524$352$239
32 years$1,501$1,049$718$482$319$213
33 years$1,440$994$670$443$288$190
34 years$1,382$942$626$408$261$169
35 years$1,328$893$585$375$237$151
36 years$1,277$848$548$346$214$135
37 years$1,229$805$513$318$194$120
38 years$1,183$765$480$293$176$107
39 years$1,140$728$450$271$160$96
40 years$1,099$692$421$250$145$85
41 years$1,060$659$395$230$131$76
42 years$1,024$628$371$213$119$68
43 years$989$598$348$196$108$61
44 years$955$570$327$181$98$54
45 years$924$544$307$167$89$48
46 years$893$519$288$155$81$43
47 years$864$495$271$143$74$39
48 years$837$473$254$132$67$34
49 years$810$451$239$122$61$31
50 years$785$431$225$113$55$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $804,000, adding $3,779 every year, while hoping to spend $43,977 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: 84/6/10 Blend
54$804,000$804,000$804,000$804,000
55$889,906$847,294$834,832$963,018
56$933,885$842,020$816,008$1,006,113
57$980,876$835,014$795,079$1,047,144
58$1,031,140$826,144$771,929$1,090,861
59$1,084,963$815,272$746,434$1,137,509
60$1,142,658$802,249$718,469$1,187,355
61$1,204,569$786,919$687,897$1,240,694
62$1,271,074$769,117$654,581$1,297,850
63$1,342,587$748,667$618,373$1,359,183
64$1,419,563$725,384$579,121$1,425,084
65$1,502,502$699,071$536,664$1,495,989
66$1,591,952$669,520$490,837$1,572,374
67$1,688,516$636,512$441,465$1,654,766
68$1,792,856$599,813$388,366$1,743,745
69$1,905,701$559,177$331,350$1,839,949
70$2,027,850$514,344$270,217$1,944,083
71$2,160,182$465,039$204,762$2,056,922
72$2,303,666$410,970$134,766$2,179,320
73$2,459,364$351,832$60,005$2,312,221
74$2,628,446$287,299$0$2,456,661
75$2,812,199$217,028$0$2,615,896
76$3,012,037$140,656$0$2,796,045
77$3,229,518$57,802$0$2,992,117
78$3,466,355$0$0$3,205,672
79$3,724,434$0$0$3,440,537
80$4,005,829$0$0$3,700,795
81$4,312,823$0$0$3,984,743
82$4,647,930$0$0$4,294,707
83$5,013,917$0$0$4,633,249
84$5,413,829$0$0$5,003,186
85$5,851,020$0$0$5,407,624
86$6,329,182$0$0$5,849,980
87$6,852,378$0$0$6,334,014
88$7,425,086$0$0$6,863,872
89$8,052,234$0$0$7,444,114
90$8,739,249$0$0$8,079,765
91$9,492,108$0$0$8,776,358
92$10,317,395$0$0$9,539,985
93$11,222,360$0$0$10,377,359
94$12,214,988$0$0$11,295,869
95$13,304,074$0$0$12,303,658
96$14,499,306$0$0$13,409,694
97$15,811,356$0$0$14,623,853
98$17,251,978$0$0$15,957,018
99$18,834,122$0$0$17,421,173
100$20,572,051$0$0$19,029,524