Can I retire at age 55 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$67,302$66,702$66,118$65,547$64,989$62,758
2 years$33,318$32,697$32,096$31,513$30,947$28,722
3 years$21,991$21,368$20,768$20,191$19,634$17,485
4 years$16,329$15,708$15,114$14,546$14,003$11,947
5 years$12,933$12,315$11,729$11,173$10,645$8,686
6 years$10,669$10,056$9,479$8,935$8,423$6,563
7 years$9,053$8,445$7,877$7,346$6,850$5,090
8 years$7,841$7,239$6,680$6,162$5,683$4,020
9 years$6,899$6,303$5,754$5,249$4,786$3,218
10 years$6,146$5,556$5,016$4,525$4,078$2,603
11 years$5,531$4,946$4,416$3,938$3,507$2,123
12 years$5,018$4,439$3,919$3,454$3,039$1,741
13 years$4,584$4,012$3,502$3,049$2,650$1,436
14 years$4,213$3,647$3,146$2,707$2,323$1,189
15 years$3,892$3,331$2,841$2,414$2,045$987
16 years$3,611$3,056$2,575$2,162$1,808$822
17 years$3,363$2,815$2,344$1,942$1,603$686
18 years$3,143$2,601$2,139$1,750$1,425$574
19 years$2,947$2,411$1,958$1,581$1,270$481
20 years$2,770$2,240$1,797$1,432$1,135$403
21 years$2,610$2,086$1,653$1,300$1,015$338
22 years$2,465$1,948$1,524$1,182$910$284
23 years$2,333$1,822$1,407$1,076$817$239
24 years$2,212$1,707$1,301$982$734$201
25 years$2,101$1,602$1,205$897$661$169
26 years$1,999$1,505$1,118$820$595$142
27 years$1,904$1,417$1,038$750$537$120
28 years$1,816$1,335$965$688$484$101
29 years$1,735$1,259$898$630$437$85
30 years$1,659$1,189$836$579$395$72
31 years$1,588$1,124$780$531$357$61
32 years$1,522$1,064$727$488$323$51
33 years$1,460$1,007$679$449$292$43
34 years$1,401$955$635$413$265$36
35 years$1,346$906$593$380$240$31
36 years$1,294$860$555$350$217$26
37 years$1,246$816$520$323$197$22
38 years$1,199$776$487$298$179$18
39 years$1,156$738$456$274$162$16
40 years$1,114$702$427$253$147$13
41 years$1,075$668$401$233$133$11
42 years$1,038$636$376$215$121$9
43 years$1,002$606$353$199$110$8
44 years$968$578$331$184$100$7
45 years$936$551$311$170$90$6
46 years$905$526$292$157$82$5
47 years$876$502$274$145$75$4
48 years$848$479$258$134$68$3
49 years$821$457$242$124$61$3
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $815,000, adding $4,157 every year, while hoping to spend $58,551 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: 69/16/15 Blend
54$815,000$815,000$815,000$815,000
55$902,418$859,223$846,590$961,278
56$932,167$839,027$812,653$980,791
57$962,988$815,879$775,617$994,763
58$994,928$789,573$735,316$1,008,555
59$1,028,038$759,890$691,577$1,022,143
60$1,062,372$726,598$644,218$1,035,500
61$1,097,986$689,454$593,052$1,048,599
62$1,134,942$648,198$537,880$1,061,412
63$1,173,303$602,557$478,496$1,073,911
64$1,213,139$552,241$414,685$1,086,067
65$1,254,523$496,944$346,220$1,097,850
66$1,297,534$436,344$272,869$1,109,228
67$1,342,256$370,099$194,383$1,120,171
68$1,388,779$297,847$110,509$1,130,647
69$1,437,201$219,208$20,977$1,140,624
70$1,487,625$133,779$0$1,150,072
71$1,540,163$41,134$0$1,170,893
72$1,594,935$0$0$1,195,480
73$1,652,071$0$0$1,230,910
74$1,711,709$0$0$1,275,461
75$1,774,001$0$0$1,322,005
76$1,839,110$0$0$1,370,665
77$1,907,210$0$0$1,421,573
78$1,978,493$0$0$1,474,873
79$2,053,164$0$0$1,530,721
80$2,131,447$0$0$1,589,286
81$2,213,584$0$0$1,650,752
82$2,299,838$0$0$1,715,316
83$2,390,495$0$0$1,783,197
84$2,485,865$0$0$1,854,628
85$2,586,286$0$0$1,929,865
86$2,692,126$0$0$2,009,188
87$2,803,786$0$0$2,092,900
88$2,921,703$0$0$2,181,332
89$3,046,353$0$0$2,274,845
90$3,178,257$0$0$2,373,833
91$3,317,982$0$0$2,478,727
92$3,466,148$0$0$2,589,998
93$3,623,434$0$0$2,708,159
94$3,790,581$0$0$2,833,772
95$3,968,400$0$0$2,967,454
96$4,157,778$0$0$3,109,878
97$4,359,688$0$0$3,261,780
98$4,575,195$0$0$3,423,970
99$4,805,463$0$0$3,597,332
100$5,051,773$0$0$3,782,836