Can I retire at age 55 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$68,541$67,930$67,334$66,753$66,185$63,660
2 years$33,931$33,299$32,687$32,093$31,517$29,002
3 years$22,396$21,761$21,150$20,562$19,996$17,571
4 years$16,630$15,997$15,392$14,814$14,261$11,945
5 years$13,171$12,542$11,945$11,378$10,841$8,639
6 years$10,865$10,241$9,653$9,099$8,578$6,492
7 years$9,220$8,601$8,022$7,481$6,976$5,006
8 years$7,986$7,372$6,803$6,276$5,788$3,930
9 years$7,026$6,419$5,860$5,346$4,874$3,127
10 years$6,260$5,658$5,109$4,608$4,153$2,514
11 years$5,633$5,037$4,497$4,010$3,572$2,036
12 years$5,110$4,521$3,991$3,518$3,095$1,660
13 years$4,669$4,086$3,566$3,105$2,699$1,359
14 years$4,291$3,714$3,204$2,757$2,366$1,117
15 years$3,963$3,393$2,893$2,458$2,083$921
16 years$3,677$3,113$2,623$2,201$1,841$762
17 years$3,425$2,867$2,387$1,978$1,632$631
18 years$3,201$2,649$2,179$1,782$1,451$524
19 years$3,001$2,455$1,995$1,611$1,294$435
20 years$2,821$2,281$1,830$1,459$1,156$362
21 years$2,658$2,125$1,684$1,324$1,034$302
22 years$2,511$1,983$1,552$1,204$927$251
23 years$2,376$1,855$1,433$1,096$832$210
24 years$2,253$1,738$1,325$1,000$748$175
25 years$2,140$1,631$1,227$913$673$146
26 years$2,036$1,533$1,138$835$606$122
27 years$1,939$1,443$1,057$764$547$102
28 years$1,850$1,359$983$700$493$85
29 years$1,767$1,283$914$642$445$71
30 years$1,690$1,211$852$589$402$60
31 years$1,617$1,145$794$541$364$50
32 years$1,550$1,083$741$497$329$42
33 years$1,486$1,026$692$457$298$35
34 years$1,427$972$646$421$270$29
35 years$1,371$922$604$387$244$24
36 years$1,318$875$565$357$221$20
37 years$1,268$831$529$329$201$17
38 years$1,221$790$495$303$182$14
39 years$1,177$751$464$279$165$12
40 years$1,135$715$435$258$150$10
41 years$1,095$680$408$238$136$8
42 years$1,057$648$383$219$123$7
43 years$1,021$617$359$203$112$6
44 years$986$589$337$187$101$5
45 years$953$561$317$173$92$4
46 years$922$535$297$160$84$3
47 years$892$511$279$147$76$3
48 years$864$488$262$136$69$2
49 years$836$466$247$126$63$2
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $830,000, adding $2,370 every year, while hoping to spend $42,128 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: 44/28/28 Blend
54$830,000$830,000$830,000$830,000
55$917,105$873,115$860,250$949,910
56$965,825$871,073$844,244$971,516
57$1,018,104$867,520$826,291$990,721
58$1,074,258$862,336$806,279$1,010,735
59$1,134,638$855,396$784,095$1,031,656
60$1,199,627$846,567$759,618$1,053,596
61$1,269,646$835,706$732,722$1,076,683
62$1,345,159$822,664$703,277$1,101,058
63$1,426,673$807,282$671,145$1,126,882
64$1,514,747$789,393$636,182$1,154,334
65$1,609,995$768,817$598,238$1,183,618
66$1,713,092$745,366$557,156$1,214,958
67$1,824,779$718,841$512,773$1,248,609
68$1,945,873$689,031$464,917$1,284,856
69$2,077,270$655,711$413,409$1,324,014
70$2,219,955$618,645$358,063$1,366,440
71$2,375,016$577,583$298,683$1,412,530
72$2,543,644$532,261$235,065$1,462,726
73$2,727,153$482,399$166,997$1,517,520
74$2,926,987$427,702$94,256$1,577,463
75$3,144,737$367,857$16,611$1,643,167
76$3,382,153$302,534$0$1,715,313
77$3,641,159$231,385$0$1,814,453
78$3,923,876$154,041$0$1,928,220
79$4,232,637$70,115$0$2,052,662
80$4,570,009$0$0$2,188,904
81$4,938,822$0$0$2,344,600
82$5,342,187$0$0$2,538,604
83$5,783,533$0$0$2,750,975
84$6,266,635$0$0$2,983,541
85$6,795,648$0$0$3,238,316
86$7,375,150$0$0$3,517,517
87$8,010,180$0$0$3,823,586
88$8,706,291$0$0$4,159,214
89$9,469,596$0$0$4,527,364
90$10,306,829$0$0$4,931,297
91$11,225,407$0$0$5,374,609
92$12,233,499$0$0$5,861,260
93$13,340,105$0$0$6,395,609
94$14,555,135$0$0$6,982,462
95$15,889,511$0$0$7,627,110
96$17,355,260$0$0$8,335,385
97$18,965,634$0$0$9,113,708
98$20,735,229$0$0$9,969,155
99$22,680,130$0$0$10,909,523
100$24,818,052$0$0$11,943,399