Can I retire at age 55 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$68,375$67,766$67,172$66,592$66,026$65,066
2 years$33,849$33,219$32,608$32,015$31,441$30,476
3 years$22,342$21,709$21,099$20,513$19,947$19,007
4 years$16,590$15,958$15,355$14,778$14,227$13,319
5 years$13,139$12,512$11,916$11,351$10,815$9,942
6 years$10,839$10,217$9,630$9,078$8,557$7,720
7 years$9,197$8,580$8,003$7,463$6,959$6,158
8 years$7,966$7,355$6,787$6,261$5,774$5,008
9 years$7,010$6,403$5,845$5,333$4,862$4,132
10 years$6,244$5,644$5,096$4,597$4,143$3,448
11 years$5,619$5,025$4,487$4,001$3,563$2,902
12 years$5,098$4,510$3,982$3,509$3,088$2,460
13 years$4,658$4,076$3,557$3,098$2,692$2,098
14 years$4,280$3,705$3,196$2,750$2,360$1,797
15 years$3,954$3,384$2,886$2,453$2,078$1,546
16 years$3,668$3,105$2,617$2,196$1,837$1,334
17 years$3,417$2,860$2,381$1,973$1,628$1,154
18 years$3,193$2,642$2,173$1,778$1,448$1,002
19 years$2,994$2,449$1,990$1,607$1,291$871
20 years$2,814$2,276$1,826$1,455$1,153$758
21 years$2,652$2,120$1,680$1,321$1,032$661
22 years$2,505$1,979$1,548$1,201$925$577
23 years$2,370$1,851$1,429$1,094$830$505
24 years$2,248$1,734$1,322$997$746$442
25 years$2,135$1,627$1,224$911$671$387
26 years$2,031$1,529$1,136$833$605$339
27 years$1,935$1,439$1,054$762$545$297
28 years$1,845$1,356$980$698$492$261
29 years$1,763$1,279$912$641$444$229
30 years$1,685$1,208$850$588$401$201
31 years$1,613$1,142$792$540$363$177
32 years$1,546$1,081$739$496$328$155
33 years$1,483$1,024$690$456$297$137
34 years$1,423$970$645$420$269$120
35 years$1,368$920$603$386$244$106
36 years$1,315$873$564$356$221$93
37 years$1,265$829$528$328$200$82
38 years$1,218$788$494$302$181$72
39 years$1,174$750$463$279$164$63
40 years$1,132$713$434$257$149$56
41 years$1,092$679$407$237$135$49
42 years$1,054$647$382$219$123$43
43 years$1,018$616$358$202$111$38
44 years$984$587$336$187$101$34
45 years$951$560$316$172$92$30
46 years$920$534$297$159$83$26
47 years$890$510$279$147$76$23
48 years$862$487$262$136$69$20
49 years$834$465$246$126$62$18
50 years$808$444$231$116$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $828,000, adding $2,535 every year, while hoping to spend $20,739 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: 56/14/30 Blend
54$828,000$828,000$828,000$828,000
55$915,071$871,187$858,353$958,590
56$986,342$891,809$865,042$1,009,502
57$1,064,188$912,746$871,259$1,062,596
58$1,149,257$933,993$876,968$1,120,037
59$1,242,263$955,541$882,129$1,182,253
60$1,343,993$977,381$886,700$1,249,714
61$1,455,313$999,506$890,636$1,322,940
62$1,577,176$1,021,902$893,894$1,402,503
63$1,710,631$1,044,559$896,423$1,489,034
64$1,856,835$1,067,462$898,173$1,583,230
65$2,017,062$1,090,597$899,091$1,685,857
66$2,192,712$1,113,947$899,120$1,797,761
67$2,385,331$1,137,492$898,203$1,919,874
68$2,596,620$1,161,214$896,278$2,053,223
69$2,828,452$1,185,090$893,280$2,198,942
70$3,082,890$1,209,095$889,140$2,358,280
71$3,362,207$1,233,204$883,790$2,532,614
72$3,668,909$1,257,387$877,153$2,723,461
73$4,005,752$1,281,614$869,152$2,932,496
74$4,375,775$1,305,850$859,705$3,161,562
75$4,782,327$1,330,058$848,728$3,412,695
76$5,229,093$1,354,200$836,129$3,688,135
77$5,720,137$1,378,233$821,816$3,990,356
78$6,259,935$1,402,110$805,690$4,322,081
79$6,853,416$1,425,781$787,649$4,686,315
80$7,506,014$1,449,194$767,585$5,086,369
81$8,223,714$1,472,292$745,386$5,525,893
82$9,013,111$1,495,011$720,934$6,008,912
83$9,881,468$1,517,287$694,105$6,539,862
84$10,836,793$1,539,049$664,773$7,123,632
85$11,887,904$1,560,221$632,801$7,765,613
86$13,044,520$1,580,721$598,049$8,471,746
87$14,317,348$1,600,463$560,371$9,248,581
88$15,718,187$1,619,355$519,612$10,103,339
89$17,260,036$1,637,298$475,613$11,043,977
90$18,957,219$1,654,185$428,206$12,079,267
91$20,825,520$1,669,905$377,216$13,218,879
92$22,882,329$1,684,336$322,459$14,473,472
93$25,146,810$1,697,352$263,745$15,854,793
94$27,640,079$1,708,816$200,874$17,375,791
95$30,385,402$1,718,583$133,638$19,050,740
96$33,408,418$1,726,499$61,820$20,895,372
97$36,737,378$1,732,399$0$22,927,026
98$40,403,414$1,736,109$0$25,169,560
99$44,440,828$1,737,445$0$27,660,722
100$48,887,420$1,736,207$0$30,403,999