Can I retire at age 55 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$68,458$67,848$67,253$66,673$66,106$64,481
2 years$33,890$33,259$32,647$32,054$31,479$29,852
3 years$22,369$21,735$21,125$20,537$19,971$18,394
4 years$16,610$15,978$15,374$14,796$14,244$12,727
5 years$13,155$12,527$11,930$11,365$10,828$9,376
6 years$10,852$10,229$9,642$9,089$8,568$7,183
7 years$9,208$8,590$8,012$7,472$6,968$5,649
8 years$7,976$7,363$6,795$6,268$5,781$4,528
9 years$7,018$6,411$5,853$5,339$4,868$3,681
10 years$6,252$5,651$5,102$4,602$4,148$3,024
11 years$5,626$5,031$4,492$4,005$3,567$2,506
12 years$5,104$4,515$3,987$3,513$3,091$2,090
13 years$4,663$4,081$3,562$3,102$2,696$1,753
14 years$4,286$3,709$3,200$2,753$2,363$1,476
15 years$3,959$3,388$2,889$2,456$2,081$1,248
16 years$3,673$3,109$2,620$2,199$1,839$1,058
17 years$3,421$2,863$2,384$1,975$1,630$900
18 years$3,197$2,646$2,176$1,780$1,450$766
19 years$2,997$2,452$1,992$1,609$1,292$654
20 years$2,818$2,278$1,828$1,457$1,154$559
21 years$2,655$2,122$1,682$1,322$1,033$478
22 years$2,508$1,981$1,550$1,202$926$410
23 years$2,373$1,853$1,431$1,095$831$351
24 years$2,250$1,736$1,323$999$747$301
25 years$2,137$1,629$1,226$912$672$259
26 years$2,033$1,531$1,137$834$605$222
27 years$1,937$1,441$1,056$763$546$191
28 years$1,848$1,358$981$699$493$164
29 years$1,765$1,281$913$641$445$141
30 years$1,687$1,210$851$589$402$122
31 years$1,615$1,144$793$541$363$105
32 years$1,548$1,082$740$497$329$90
33 years$1,485$1,025$691$457$297$78
34 years$1,425$971$646$420$269$67
35 years$1,369$921$604$387$244$58
36 years$1,317$874$565$356$221$50
37 years$1,267$830$528$328$200$43
38 years$1,220$789$495$303$182$37
39 years$1,176$750$464$279$165$32
40 years$1,133$714$435$257$149$27
41 years$1,093$680$407$237$136$24
42 years$1,055$647$382$219$123$20
43 years$1,019$617$359$202$112$17
44 years$985$588$337$187$101$15
45 years$952$561$316$173$92$13
46 years$921$535$297$159$83$11
47 years$891$510$279$147$76$10
48 years$863$487$262$136$69$8
49 years$835$465$246$126$63$7
50 years$809$444$232$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $829,000, adding $6,912 every year, while hoping to spend $44,706 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: 62/14/24 Blend
54$829,000$829,000$829,000$829,000
55$920,688$876,751$863,901$971,535
56$967,031$872,145$845,275$1,002,176
57$1,016,603$865,815$824,527$1,030,087
58$1,069,686$857,629$801,537$1,059,572
59$1,126,589$847,448$776,184$1,090,791
60$1,187,651$835,123$748,337$1,123,922
61$1,253,246$820,498$717,860$1,159,165
62$1,323,782$803,407$684,613$1,196,738
63$1,399,707$783,674$648,448$1,236,885
64$1,481,516$761,112$609,209$1,279,879
65$1,569,748$735,525$566,735$1,326,020
66$1,664,999$706,703$520,858$1,375,643
67$1,767,923$674,425$471,400$1,429,116
68$1,879,238$638,458$418,179$1,486,852
69$1,999,732$598,555$361,000$1,549,306
70$2,130,275$554,454$299,664$1,616,983
71$2,271,820$505,879$233,959$1,690,442
72$2,425,417$452,538$163,668$1,770,303
73$2,592,219$394,123$88,561$1,857,253
74$2,773,497$330,306$8,399$1,952,052
75$2,970,647$260,744$0$2,055,542
76$3,185,205$185,072$0$2,188,412
77$3,418,861$102,906$0$2,335,515
78$3,673,477$13,841$0$2,495,910
79$3,951,099$0$0$2,670,932
80$4,253,981$0$0$2,874,772
81$4,584,602$0$0$3,099,667
82$4,945,693$0$0$3,345,349
83$5,340,260$0$0$3,613,869
84$5,771,611$0$0$3,907,489
85$6,243,389$0$0$4,228,696
86$6,759,606$0$0$4,580,229
87$7,324,677$0$0$4,965,105
88$7,943,466$0$0$5,386,645
89$8,621,330$0$0$5,848,508
90$9,364,166$0$0$6,354,723
91$10,178,471$0$0$6,909,726
92$11,071,398$0$0$7,518,404
93$12,050,828$0$0$8,186,140
94$13,125,438$0$0$8,918,862
95$14,304,791$0$0$9,723,100
96$15,599,414$0$0$10,606,048
97$17,020,909$0$0$11,575,629
98$18,582,052$0$0$12,640,571
99$20,296,920$0$0$13,810,492
100$22,181,018$0$0$15,095,982