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%16.3%
1 years$67,219$66,621$66,036$65,466$64,910$63,238
2 years$33,277$32,657$32,057$31,474$30,909$29,236
3 years$21,964$21,342$20,743$20,166$19,610$17,988
4 years$16,309$15,688$15,095$14,528$13,986$12,427
5 years$12,917$12,300$11,715$11,159$10,632$9,141
6 years$10,656$10,044$9,467$8,924$8,413$6,991
7 years$9,042$8,435$7,867$7,337$6,842$5,489
8 years$7,832$7,230$6,672$6,155$5,676$4,392
9 years$6,891$6,295$5,747$5,243$4,780$3,564
10 years$6,139$5,549$5,010$4,519$4,073$2,923
11 years$5,524$4,940$4,411$3,933$3,503$2,417
12 years$5,012$4,434$3,914$3,450$3,035$2,012
13 years$4,579$4,007$3,497$3,046$2,647$1,684
14 years$4,208$3,642$3,142$2,704$2,320$1,416
15 years$3,887$3,327$2,837$2,411$2,043$1,194
16 years$3,606$3,053$2,572$2,159$1,806$1,010
17 years$3,359$2,811$2,341$1,940$1,601$857
18 years$3,139$2,598$2,137$1,748$1,423$728
19 years$2,943$2,408$1,956$1,580$1,269$620
20 years$2,767$2,237$1,795$1,431$1,133$529
21 years$2,607$2,084$1,651$1,298$1,014$451
22 years$2,462$1,945$1,522$1,180$909$386
23 years$2,330$1,819$1,405$1,075$816$330
24 years$2,210$1,705$1,300$981$733$282
25 years$2,099$1,600$1,204$895$660$242
26 years$1,996$1,503$1,116$819$595$207
27 years$1,902$1,415$1,037$749$536$178
28 years$1,814$1,333$964$687$484$153
29 years$1,733$1,258$897$630$437$131
30 years$1,657$1,188$835$578$395$112
31 years$1,586$1,123$779$531$357$96
32 years$1,520$1,063$727$488$323$83
33 years$1,458$1,006$678$449$292$71
34 years$1,399$954$634$413$264$61
35 years$1,345$905$593$380$239$52
36 years$1,293$859$554$350$217$45
37 years$1,244$815$519$322$197$39
38 years$1,198$775$486$297$178$33
39 years$1,154$737$455$274$162$29
40 years$1,113$701$427$253$147$25
41 years$1,074$667$400$233$133$21
42 years$1,036$636$375$215$121$18
43 years$1,001$606$352$199$110$16
44 years$967$577$331$183$99$13
45 years$935$550$310$169$90$12
46 years$904$525$292$156$82$10
47 years$875$501$274$145$74$9
48 years$847$478$257$134$68$7
49 years$820$457$242$123$61$6
50 years$795$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $814,000, adding $2,464 every year, while hoping to spend $50,848 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: 74/15/11 Blend
54$814,000$814,000$814,000$814,000
55$899,570$856,428$843,811$964,049
56$937,224$844,291$817,976$994,809
57$977,015$829,855$789,573$1,021,904
58$1,019,106$812,954$758,459$1,050,184
59$1,063,678$793,411$724,490$1,079,752
60$1,110,925$771,041$687,513$1,110,719
61$1,161,063$745,645$647,368$1,143,212
62$1,214,324$717,014$603,888$1,177,370
63$1,270,965$684,928$556,898$1,213,347
64$1,331,267$649,153$506,217$1,251,313
65$1,395,534$609,440$451,654$1,291,460
66$1,464,105$565,528$393,010$1,333,996
67$1,537,345$517,141$330,078$1,379,155
68$1,615,659$463,986$262,640$1,427,195
69$1,699,489$405,753$190,471$1,478,403
70$1,789,318$342,117$113,334$1,533,095
71$1,885,680$272,731$30,981$1,591,624
72$1,989,156$197,232$0$1,654,377
73$2,100,388$115,235$0$1,728,466
74$2,220,078$26,332$0$1,812,004
75$2,348,999$0$0$1,901,912
76$2,487,997$0$0$2,010,349
77$2,638,004$0$0$2,132,092
78$2,800,043$0$0$2,263,628
79$2,975,238$0$0$2,405,875
80$3,164,825$0$0$2,559,837
81$3,370,163$0$0$2,726,624
82$3,592,745$0$0$2,907,453
83$3,834,213$0$0$3,103,661
84$4,096,374$0$0$3,316,721
85$4,381,214$0$0$3,548,253
86$4,690,918$0$0$3,800,038
87$5,027,891$0$0$4,074,035
88$5,394,778$0$0$4,372,401
89$5,794,490$0$0$4,697,510
90$6,230,230$0$0$5,051,972
91$6,705,523$0$0$5,438,662
92$7,224,250$0$0$5,860,742
93$7,790,683$0$0$6,321,696
94$8,409,523$0$0$6,825,357
95$9,085,946$0$0$7,375,945
96$9,825,652$0$0$7,978,107
97$10,634,916$0$0$8,636,958
98$11,520,647$0$0$9,358,132
99$12,490,453$0$0$10,147,832
100$13,552,712$0$0$11,012,890