Can I retire at age 55 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$67,880$67,275$66,685$66,110$65,547$63,705
2 years$33,604$32,978$32,372$31,783$31,213$29,370
3 years$22,180$21,552$20,947$20,364$19,803$18,018
4 years$16,469$15,843$15,244$14,671$14,124$12,411
5 years$13,044$12,421$11,830$11,269$10,737$9,100
6 years$10,761$10,143$9,560$9,012$8,495$6,937
7 years$9,131$8,518$7,945$7,409$6,909$5,428
8 years$7,909$7,301$6,738$6,215$5,732$4,328
9 years$6,959$6,357$5,803$5,294$4,827$3,499
10 years$6,199$5,603$5,059$4,564$4,113$2,859
11 years$5,578$4,988$4,454$3,972$3,537$2,355
12 years$5,061$4,477$3,953$3,484$3,065$1,953
13 years$4,624$4,046$3,532$3,076$2,673$1,628
14 years$4,249$3,678$3,173$2,730$2,343$1,363
15 years$3,925$3,360$2,865$2,435$2,063$1,145
16 years$3,642$3,083$2,598$2,180$1,823$964
17 years$3,392$2,839$2,364$1,959$1,617$814
18 years$3,170$2,623$2,158$1,765$1,437$689
19 years$2,972$2,431$1,975$1,595$1,281$584
20 years$2,794$2,259$1,813$1,445$1,144$496
21 years$2,633$2,104$1,667$1,311$1,024$421
22 years$2,487$1,964$1,537$1,192$918$358
23 years$2,353$1,837$1,419$1,086$824$305
24 years$2,231$1,721$1,312$990$741$260
25 years$2,119$1,615$1,215$904$666$222
26 years$2,016$1,518$1,127$827$600$189
27 years$1,921$1,429$1,047$757$541$161
28 years$1,832$1,346$973$693$488$138
29 years$1,750$1,270$906$636$441$118
30 years$1,673$1,200$843$584$398$100
31 years$1,602$1,134$786$536$360$86
32 years$1,535$1,073$734$493$326$73
33 years$1,472$1,016$685$453$295$63
34 years$1,413$963$640$417$267$54
35 years$1,358$913$598$384$242$46
36 years$1,306$867$560$353$219$39
37 years$1,256$823$524$326$199$33
38 years$1,210$783$491$300$180$29
39 years$1,166$744$460$277$163$24
40 years$1,124$708$431$255$148$21
41 years$1,084$674$404$235$134$18
42 years$1,047$642$379$217$122$15
43 years$1,011$612$356$201$111$13
44 years$977$583$334$185$100$11
45 years$944$556$313$171$91$10
46 years$913$530$294$158$83$8
47 years$884$506$277$146$75$7
48 years$855$483$260$135$68$6
49 years$828$461$244$125$62$5
50 years$803$441$230$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $822,000, adding $6,204 every year, while hoping to spend $58,482 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: 54/31/15 Blend
54$822,000$822,000$822,000$822,000
55$912,243$868,677$855,936$957,553
56$943,068$849,018$822,386$969,469
57$975,076$826,436$785,751$975,641
58$1,008,328$800,725$745,868$981,037
59$1,042,885$771,668$702,563$985,596
60$1,078,817$739,037$655,655$989,257
61$1,116,194$702,588$604,958$991,954
62$1,155,095$662,064$550,273$993,620
63$1,195,603$617,194$491,396$994,185
64$1,237,808$567,689$428,110$993,574
65$1,281,805$513,247$360,193$991,712
66$1,327,699$453,546$287,409$988,520
67$1,375,601$388,246$209,515$983,917
68$1,425,633$316,991$126,253$977,818
69$1,477,923$239,399$37,359$970,136
70$1,532,614$155,073$0$960,783
71$1,589,858$63,588$0$958,871
72$1,649,819$0$0$962,082
73$1,712,678$0$0$976,492
74$1,778,626$0$0$1,014,392
75$1,847,876$0$0$1,054,214
76$1,920,656$0$0$1,096,094
77$1,997,216$0$0$1,140,177
78$2,077,824$0$0$1,186,623
79$2,162,777$0$0$1,235,607
80$2,252,395$0$0$1,287,317
81$2,347,028$0$0$1,341,960
82$2,447,058$0$0$1,399,763
83$2,552,901$0$0$1,460,970
84$2,665,011$0$0$1,525,851
85$2,783,885$0$0$1,594,699
86$2,910,067$0$0$1,667,836
87$3,044,149$0$0$1,745,613
88$3,186,781$0$0$1,828,415
89$3,338,673$0$0$1,916,662
90$3,500,604$0$0$2,010,815
91$3,673,426$0$0$2,111,380
92$3,858,072$0$0$2,218,909
93$4,055,565$0$0$2,334,009
94$4,267,028$0$0$2,457,346
95$4,493,691$0$0$2,589,650
96$4,736,903$0$0$2,731,720
97$4,998,146$0$0$2,884,436
98$5,279,045$0$0$3,048,763
99$5,581,385$0$0$3,225,760
100$5,907,125$0$0$3,416,590