Can I retire at age 55 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$67,385$66,784$66,199$65,627$65,069$63,189
2 years$33,359$32,737$32,135$31,551$30,985$29,106
3 years$22,018$21,394$20,794$20,215$19,658$17,839
4 years$16,349$15,727$15,132$14,564$14,020$12,274
5 years$12,949$12,330$11,743$11,187$10,658$8,991
6 years$10,682$10,069$9,490$8,946$8,433$6,846
7 years$9,064$8,456$7,887$7,355$6,859$5,351
8 years$7,851$7,248$6,688$6,170$5,690$4,262
9 years$6,908$6,311$5,761$5,255$4,792$3,441
10 years$6,154$5,563$5,022$4,530$4,083$2,808
11 years$5,538$4,952$4,422$3,943$3,511$2,310
12 years$5,024$4,445$3,924$3,458$3,043$1,913
13 years$4,590$4,017$3,506$3,053$2,653$1,593
14 years$4,218$3,651$3,150$2,710$2,326$1,331
15 years$3,897$3,335$2,844$2,417$2,048$1,117
16 years$3,615$3,060$2,579$2,164$1,810$940
17 years$3,367$2,818$2,346$1,944$1,605$792
18 years$3,147$2,604$2,142$1,752$1,427$669
19 years$2,950$2,413$1,961$1,583$1,272$567
20 years$2,773$2,243$1,800$1,434$1,136$480
21 years$2,613$2,089$1,655$1,302$1,017$407
22 years$2,468$1,950$1,526$1,183$911$346
23 years$2,336$1,824$1,409$1,078$818$294
24 years$2,215$1,709$1,303$983$735$250
25 years$2,104$1,604$1,207$898$662$213
26 years$2,001$1,507$1,119$821$596$181
27 years$1,907$1,418$1,039$751$537$154
28 years$1,819$1,337$966$688$485$132
29 years$1,737$1,261$899$631$438$112
30 years$1,661$1,191$837$579$396$96
31 years$1,590$1,126$781$532$358$82
32 years$1,524$1,065$728$489$324$70
33 years$1,461$1,009$680$450$293$59
34 years$1,403$956$635$414$265$51
35 years$1,348$907$594$381$240$43
36 years$1,296$861$556$351$218$37
37 years$1,247$817$520$323$197$31
38 years$1,201$777$487$298$179$27
39 years$1,157$739$456$275$162$23
40 years$1,116$703$428$253$147$20
41 years$1,076$669$401$234$133$17
42 years$1,039$637$376$216$121$14
43 years$1,003$607$353$199$110$12
44 years$970$579$331$184$100$10
45 years$937$552$311$170$91$9
46 years$907$526$292$157$82$8
47 years$877$502$275$145$75$6
48 years$849$480$258$134$68$6
49 years$822$458$243$124$62$5
50 years$797$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $816,000, adding $4,908 every year, while hoping to spend $55,938 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: 39/39/22 Blend
54$816,000$816,000$816,000$816,000
55$904,295$861,047$848,399$933,475
56$937,015$843,720$817,302$937,658
57$971,198$823,670$783,290$936,538
58$1,006,934$800,704$746,204$934,196
59$1,044,320$774,617$705,880$930,556
60$1,083,462$745,195$662,149$925,534
61$1,124,474$712,208$614,830$919,047
62$1,167,481$675,416$563,736$911,006
63$1,212,615$634,563$508,672$901,320
64$1,260,024$589,378$449,435$889,896
65$1,309,865$539,577$385,810$876,635
66$1,362,312$484,857$317,576$861,439
67$1,417,553$424,900$244,499$844,205
68$1,475,790$359,367$166,337$824,827
69$1,537,248$287,903$82,836$803,199
70$1,602,168$210,132$0$779,210
71$1,670,817$125,655$0$754,222
72$1,743,482$34,054$0$747,496
73$1,820,480$0$0$739,521
74$1,902,155$0$0$758,197
75$1,988,884$0$0$793,603
76$2,081,080$0$0$831,300
77$2,179,194$0$0$871,480
78$2,283,720$0$0$914,353
79$2,395,198$0$0$960,149
80$2,514,221$0$0$1,009,121
81$2,641,438$0$0$1,061,545
82$2,777,560$0$0$1,117,727
83$2,923,367$0$0$1,177,997
84$3,079,715$0$0$1,242,723
85$3,247,543$0$0$1,312,304
86$3,427,881$0$0$1,387,182
87$3,621,860$0$0$1,467,839
88$3,830,721$0$0$1,554,808
89$4,055,827$0$0$1,648,670
90$4,298,678$0$0$1,750,067
91$4,560,918$0$0$1,859,704
92$4,844,355$0$0$1,978,354
93$5,150,977$0$0$2,106,869
94$5,482,967$0$0$2,246,184
95$5,842,729$0$0$2,397,328
96$6,232,902$0$0$2,561,434
97$6,656,390$0$0$2,739,744
98$7,116,388$0$0$2,933,629
99$7,616,408$0$0$3,144,595
100$8,160,316$0$0$3,374,299