Can I retire at age 55 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$67,219$66,621$66,036$65,466$64,910$64,366
2 years$33,277$32,657$32,057$31,474$30,909$30,361
3 years$21,964$21,342$20,743$20,166$19,610$19,075
4 years$16,309$15,688$15,095$14,528$13,986$13,468
5 years$12,917$12,300$11,715$11,159$10,632$10,132
6 years$10,656$10,044$9,467$8,924$8,413$7,932
7 years$9,042$8,435$7,867$7,337$6,842$6,380
8 years$7,832$7,230$6,672$6,155$5,676$5,233
9 years$6,891$6,295$5,747$5,243$4,780$4,356
10 years$6,139$5,549$5,010$4,519$4,073$3,668
11 years$5,524$4,940$4,411$3,933$3,503$3,116
12 years$5,012$4,434$3,914$3,450$3,035$2,667
13 years$4,579$4,007$3,497$3,046$2,647$2,296
14 years$4,208$3,642$3,142$2,704$2,320$1,987
15 years$3,887$3,327$2,837$2,411$2,043$1,727
16 years$3,606$3,053$2,572$2,159$1,806$1,506
17 years$3,359$2,811$2,341$1,940$1,601$1,317
18 years$3,139$2,598$2,137$1,748$1,423$1,155
19 years$2,943$2,408$1,956$1,580$1,269$1,015
20 years$2,767$2,237$1,795$1,431$1,133$893
21 years$2,607$2,084$1,651$1,298$1,014$788
22 years$2,462$1,945$1,522$1,180$909$696
23 years$2,330$1,819$1,405$1,075$816$615
24 years$2,210$1,705$1,300$981$733$545
25 years$2,099$1,600$1,204$895$660$483
26 years$1,996$1,503$1,116$819$595$428
27 years$1,902$1,415$1,037$749$536$380
28 years$1,814$1,333$964$687$484$338
29 years$1,733$1,258$897$630$437$300
30 years$1,657$1,188$835$578$395$267
31 years$1,586$1,123$779$531$357$237
32 years$1,520$1,063$727$488$323$211
33 years$1,458$1,006$678$449$292$188
34 years$1,399$954$634$413$264$167
35 years$1,345$905$593$380$239$149
36 years$1,293$859$554$350$217$133
37 years$1,244$815$519$322$197$118
38 years$1,198$775$486$297$178$106
39 years$1,154$737$455$274$162$94
40 years$1,113$701$427$253$147$84
41 years$1,074$667$400$233$133$75
42 years$1,036$636$375$215$121$67
43 years$1,001$606$352$199$110$60
44 years$967$577$331$183$99$53
45 years$935$550$310$169$90$47
46 years$904$525$292$156$82$42
47 years$875$501$274$145$74$38
48 years$847$478$257$134$68$34
49 years$820$457$242$123$61$30
50 years$795$436$227$114$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $814,000, adding $4,548 every year, while hoping to spend $52,015 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: 26/44/30 Blend
54$814,000$814,000$814,000$814,000
55$901,719$858,577$845,960$916,663
56$938,351$845,304$818,956$916,149
57$976,976$829,637$789,305$910,893
58$1,017,742$811,404$756,861$904,203
59$1,060,812$790,423$721,476$895,996
60$1,106,362$766,500$682,992$886,184
61$1,154,584$739,432$641,245$874,678
62$1,205,689$709,001$596,065$861,386
63$1,259,906$674,980$547,270$846,210
64$1,317,488$637,126$494,675$829,056
65$1,378,709$595,182$438,084$809,821
66$1,443,870$548,878$377,292$788,404
67$1,513,300$497,929$312,087$764,703
68$1,587,360$442,031$242,245$738,610
69$1,666,445$380,864$167,535$710,020
70$1,750,987$314,091$87,712$678,826
71$1,841,462$241,355$2,524$644,921
72$1,938,388$162,280$0$608,197
73$2,042,338$76,466$0$596,843
74$2,153,938$0$0$585,162
75$2,273,873$0$0$580,329
76$2,402,900$0$0$615,056
77$2,541,845$0$0$652,553
78$2,691,619$0$0$693,081
79$2,853,222$0$0$736,922
80$3,027,750$0$0$784,390
81$3,216,409$0$0$835,826
82$3,420,527$0$0$891,609
83$3,641,561$0$0$952,154
84$3,881,112$0$0$1,017,917
85$4,140,943$0$0$1,089,399
86$4,422,991$0$0$1,167,154
87$4,729,388$0$0$1,251,789
88$5,062,477$0$0$1,343,973
89$5,424,839$0$0$1,444,441
90$5,819,310$0$0$1,554,004
91$6,249,014$0$0$1,673,552
92$6,717,385$0$0$1,804,067
93$7,228,205$0$0$1,946,628
94$7,785,637$0$0$2,102,425
95$8,394,262$0$0$2,272,766
96$9,059,124$0$0$2,459,093
97$9,785,773$0$0$2,662,992
98$10,580,323$0$0$2,886,211
99$11,449,504$0$0$3,130,673
100$12,400,727$0$0$3,398,497