Can I retire at age 55 with 832,000?

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 $832,000?

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$68,706$68,094$67,497$66,914$66,345$64,480
2 years$34,013$33,379$32,765$32,170$31,593$29,728
3 years$22,450$21,814$21,201$20,612$20,044$18,237
4 years$16,670$16,035$15,429$14,850$14,295$12,562
5 years$13,202$12,572$11,974$11,406$10,867$9,211
6 years$10,892$10,266$9,677$9,121$8,599$7,021
7 years$9,242$8,621$8,041$7,499$6,993$5,494
8 years$8,005$7,390$6,820$6,291$5,801$4,381
9 years$7,043$6,434$5,874$5,358$4,886$3,542
10 years$6,275$5,672$5,121$4,619$4,163$2,894
11 years$5,646$5,049$4,508$4,020$3,580$2,384
12 years$5,123$4,532$4,001$3,526$3,103$1,977
13 years$4,680$4,095$3,575$3,113$2,705$1,648
14 years$4,301$3,723$3,212$2,763$2,372$1,379
15 years$3,973$3,401$2,900$2,464$2,088$1,159
16 years$3,686$3,120$2,629$2,207$1,845$976
17 years$3,433$2,873$2,392$1,983$1,636$824
18 years$3,209$2,655$2,184$1,787$1,455$698
19 years$3,008$2,461$1,999$1,614$1,297$591
20 years$2,828$2,287$1,835$1,462$1,158$502
21 years$2,665$2,130$1,688$1,327$1,037$426
22 years$2,517$1,988$1,555$1,207$929$363
23 years$2,382$1,860$1,436$1,099$834$309
24 years$2,258$1,742$1,328$1,002$750$263
25 years$2,145$1,635$1,230$915$675$224
26 years$2,041$1,537$1,141$837$608$191
27 years$1,944$1,446$1,060$766$548$163
28 years$1,854$1,363$985$702$494$139
29 years$1,771$1,286$917$644$446$119
30 years$1,694$1,214$854$591$403$102
31 years$1,621$1,148$796$542$365$87
32 years$1,553$1,086$743$499$330$74
33 years$1,490$1,028$693$458$299$63
34 years$1,430$975$648$422$270$54
35 years$1,374$925$606$388$245$46
36 years$1,321$878$567$358$222$40
37 years$1,272$833$530$330$201$34
38 years$1,224$792$497$304$182$29
39 years$1,180$753$465$280$165$25
40 years$1,137$717$436$258$150$21
41 years$1,097$682$409$238$136$18
42 years$1,059$650$384$220$123$15
43 years$1,023$619$360$203$112$13
44 years$989$590$338$187$102$11
45 years$956$563$317$173$92$10
46 years$924$537$298$160$84$8
47 years$894$512$280$148$76$7
48 years$866$489$263$137$69$6
49 years$838$467$247$126$63$5
50 years$812$446$232$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $832,000, adding $6,651 every year, while hoping to spend $52,075 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: 58/13/29 Blend
54$832,000$832,000$832,000$832,000
55$923,725$879,629$866,733$969,619
56$962,537$867,323$840,361$989,530
57$1,003,563$852,669$811,360$1,005,193
58$1,046,973$835,497$779,588$1,021,210
59$1,092,955$815,626$744,894$1,037,631
60$1,141,710$792,866$707,122$1,054,514
61$1,193,464$767,015$666,109$1,071,923
62$1,248,457$737,859$621,684$1,089,936
63$1,306,958$705,173$573,669$1,108,637
64$1,369,257$668,716$521,876$1,128,125
65$1,435,675$628,236$466,112$1,148,511
66$1,506,559$583,465$406,172$1,169,920
67$1,582,293$534,120$341,845$1,192,497
68$1,663,298$479,903$272,907$1,216,401
69$1,750,033$420,496$199,128$1,241,815
70$1,843,003$355,567$120,265$1,268,943
71$1,942,761$284,762$36,066$1,298,016
72$2,049,915$207,708$0$1,329,292
73$2,165,133$124,012$0$1,379,706
74$2,289,146$33,257$0$1,445,930
75$2,422,757$0$0$1,517,246
76$2,566,851$0$0$1,603,452
77$2,722,397$0$0$1,701,700
78$2,890,462$0$0$1,807,912
79$3,072,215$0$0$1,922,836
80$3,268,946$0$0$2,047,293
81$3,482,070$0$0$2,182,187
82$3,713,142$0$0$2,328,512
83$3,963,874$0$0$2,487,360
84$4,236,149$0$0$2,659,932
85$4,532,037$0$0$2,847,551
86$4,853,815$0$0$3,051,670
87$5,203,989$0$0$3,273,890
88$5,585,316$0$0$3,515,972
89$6,000,829$0$0$3,779,853
90$6,453,868$0$0$4,067,665
91$6,948,108$0$0$4,381,755
92$7,487,591$0$0$4,724,706
93$8,076,772$0$0$5,099,363
94$8,720,550$0$0$5,508,857
95$9,424,322$0$0$5,956,633
96$10,194,029$0$0$6,446,488
97$11,036,211$0$0$6,982,600
98$11,958,071$0$0$7,569,570
99$12,967,540$0$0$8,212,465
100$14,073,352$0$0$8,916,866