Can I retire at age 55 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$67,963$67,357$66,767$66,190$65,627$64,355
2 years$33,645$33,018$32,411$31,822$31,251$29,974
3 years$22,207$21,578$20,972$20,389$19,827$18,586
4 years$16,489$15,862$15,262$14,689$14,141$12,944
5 years$13,060$12,436$11,844$11,283$10,750$9,602
6 years$10,774$10,155$9,572$9,023$8,506$7,408
7 years$9,142$8,528$7,954$7,418$6,917$5,869
8 years$7,918$7,310$6,746$6,223$5,739$4,740
9 years$6,967$6,365$5,810$5,300$4,833$3,883
10 years$6,207$5,610$5,065$4,569$4,118$3,216
11 years$5,585$4,994$4,460$3,976$3,541$2,687
12 years$5,067$4,483$3,958$3,488$3,069$2,260
13 years$4,629$4,051$3,536$3,079$2,676$1,912
14 years$4,255$3,682$3,177$2,733$2,346$1,625
15 years$3,930$3,364$2,868$2,438$2,066$1,386
16 years$3,646$3,086$2,601$2,183$1,826$1,186
17 years$3,396$2,842$2,367$1,961$1,619$1,018
18 years$3,174$2,626$2,160$1,767$1,439$875
19 years$2,976$2,434$1,978$1,597$1,283$754
20 years$2,797$2,262$1,815$1,446$1,146$651
21 years$2,636$2,107$1,669$1,313$1,025$563
22 years$2,490$1,967$1,539$1,194$919$487
23 years$2,356$1,839$1,421$1,087$825$422
24 years$2,234$1,723$1,314$991$742$365
25 years$2,122$1,617$1,217$905$667$317
26 years$2,018$1,520$1,129$828$601$275
27 years$1,923$1,431$1,048$758$542$239
28 years$1,834$1,348$974$694$489$208
29 years$1,752$1,272$907$637$442$181
30 years$1,675$1,201$845$584$399$157
31 years$1,604$1,135$787$537$361$137
32 years$1,537$1,074$735$493$326$119
33 years$1,474$1,017$686$454$295$104
34 years$1,415$964$641$417$267$90
35 years$1,359$915$599$384$242$78
36 years$1,307$868$560$354$219$68
37 years$1,258$824$525$326$199$60
38 years$1,211$783$491$300$180$52
39 years$1,167$745$460$277$163$45
40 years$1,125$709$431$256$148$39
41 years$1,085$675$405$236$135$34
42 years$1,048$643$379$218$122$30
43 years$1,012$612$356$201$111$26
44 years$978$584$334$185$101$23
45 years$945$557$314$171$91$20
46 years$914$531$295$158$83$17
47 years$885$507$277$146$75$15
48 years$856$484$260$135$68$13
49 years$829$462$245$125$62$11
50 years$804$441$230$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $823,000, adding $4,102 every year, while hoping to spend $49,519 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: 29/49/22 Blend
54$823,000$823,000$823,000$823,000
55$911,177$867,558$854,802$931,226
56$951,429$857,381$830,750$936,860
57$994,128$845,045$804,232$938,236
58$1,039,469$830,393$775,115$938,679
59$1,087,670$813,257$743,256$938,139
60$1,138,965$793,459$708,508$936,566
61$1,193,614$770,813$670,717$933,912
62$1,251,899$745,119$629,723$930,129
63$1,314,130$716,167$585,355$925,170
64$1,380,646$683,734$537,440$918,987
65$1,451,820$647,585$485,792$911,539
66$1,528,060$607,471$430,220$902,783
67$1,609,813$563,128$370,523$892,681
68$1,697,570$514,278$306,492$881,201
69$1,791,871$460,626$237,908$868,312
70$1,893,306$401,861$164,543$853,994
71$2,002,526$337,655$86,158$838,229
72$2,120,243$267,660$2,504$821,012
73$2,247,242$191,509$0$802,344
74$2,384,382$108,815$0$802,610
75$2,532,611$19,168$0$803,419
76$2,692,967$0$0$804,293
77$2,866,593$0$0$847,345
78$3,054,746$0$0$905,309
79$3,258,806$0$0$968,288
80$3,480,294$0$0$1,036,767
81$3,720,880$0$0$1,111,276
82$3,982,402$0$0$1,192,401
83$4,266,882$0$0$1,280,786
84$4,576,545$0$0$1,377,139
85$4,913,838$0$0$1,482,240
86$5,281,456$0$0$1,596,947
87$5,682,362$0$0$1,722,206
88$6,119,820$0$0$1,859,055
89$6,597,421$0$0$2,008,640
90$7,119,118$0$0$2,172,222
91$7,689,265$0$0$2,351,188
92$8,312,653$0$0$2,547,066
93$8,994,557$0$0$2,761,540
94$9,740,788$0$0$2,996,463
95$10,557,740$0$0$3,253,875
96$11,452,458$0$0$3,536,024
97$12,432,699$0$0$3,845,385
98$13,507,006$0$0$4,184,684
99$14,684,786$0$0$4,556,925
100$15,976,402$0$0$4,965,414