Can I retire at age 55 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$68,954$68,339$67,740$67,155$66,584$64,453
2 years$34,135$33,500$32,884$32,286$31,707$29,579
3 years$22,531$21,892$21,278$20,686$20,116$18,059
4 years$16,730$16,093$15,485$14,903$14,347$12,376
5 years$13,250$12,617$12,017$11,447$10,906$9,027
6 years$10,931$10,303$9,711$9,154$8,630$6,843
7 years$9,275$8,652$8,070$7,526$7,018$5,325
8 years$8,034$7,417$6,844$6,314$5,822$4,221
9 years$7,069$6,458$5,895$5,378$4,903$3,392
10 years$6,297$5,692$5,139$4,636$4,178$2,754
11 years$5,666$5,067$4,525$4,034$3,593$2,254
12 years$5,141$4,548$4,015$3,539$3,114$1,857
13 years$4,697$4,110$3,588$3,124$2,715$1,537
14 years$4,317$3,736$3,223$2,773$2,380$1,278
15 years$3,987$3,413$2,910$2,473$2,096$1,066
16 years$3,699$3,131$2,639$2,215$1,852$892
17 years$3,446$2,884$2,401$1,990$1,642$748
18 years$3,220$2,665$2,192$1,793$1,460$628
19 years$3,019$2,470$2,007$1,620$1,302$528
20 years$2,838$2,295$1,841$1,467$1,163$445
21 years$2,674$2,138$1,694$1,332$1,040$375
22 years$2,526$1,995$1,561$1,211$933$317
23 years$2,390$1,866$1,441$1,103$837$267
24 years$2,267$1,749$1,333$1,006$752$226
25 years$2,153$1,641$1,235$919$677$191
26 years$2,048$1,542$1,145$840$610$162
27 years$1,951$1,451$1,063$769$550$137
28 years$1,861$1,368$989$704$496$116
29 years$1,778$1,290$920$646$448$98
30 years$1,700$1,218$857$593$405$83
31 years$1,627$1,152$799$544$366$70
32 years$1,559$1,090$745$500$331$60
33 years$1,495$1,032$696$460$300$51
34 years$1,436$978$650$423$271$43
35 years$1,379$928$608$390$246$36
36 years$1,326$881$569$359$223$31
37 years$1,276$836$532$331$202$26
38 years$1,229$795$498$305$183$22
39 years$1,184$756$467$281$166$19
40 years$1,142$719$438$259$150$16
41 years$1,101$685$410$239$136$14
42 years$1,063$652$385$221$124$11
43 years$1,027$621$361$204$112$10
44 years$992$592$339$188$102$8
45 years$959$565$318$174$93$7
46 years$928$539$299$160$84$6
47 years$898$514$281$148$76$5
48 years$869$491$264$137$69$4
49 years$842$469$248$127$63$4
50 years$815$448$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $835,000, adding $5,157 every year, while hoping to spend $53,088 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: 58/17/25 Blend
54$835,000$835,000$835,000$835,000
55$925,489$881,234$868,292$972,628
56$963,404$867,930$840,895$992,099
57$1,003,407$852,194$810,800$1,007,220
58$1,045,655$833,851$777,862$1,022,581
59$1,090,318$812,717$741,927$1,038,218
60$1,137,585$788,595$702,836$1,054,175
61$1,187,659$761,276$660,421$1,070,503
62$1,240,762$730,540$614,507$1,087,258
63$1,297,139$696,156$564,912$1,104,508
64$1,357,055$657,876$511,445$1,122,331
65$1,420,803$615,440$453,907$1,140,815
66$1,488,701$568,572$392,088$1,160,061
67$1,561,098$516,982$325,773$1,180,184
68$1,638,376$460,361$254,733$1,201,315
69$1,720,956$398,384$178,732$1,223,603
70$1,809,296$330,707$97,522$1,247,217
71$1,903,900$256,967$10,845$1,272,347
72$2,005,320$176,781$0$1,299,209
73$2,114,163$89,743$0$1,349,826
74$2,231,093$0$0$1,407,194
75$2,356,841$0$0$1,469,656
76$2,492,207$0$0$1,555,019
77$2,638,072$0$0$1,647,057
78$2,795,403$0$0$1,746,385
79$2,965,261$0$0$1,853,681
80$3,148,814$0$0$1,969,690
81$3,347,343$0$0$2,095,231
82$3,562,259$0$0$2,231,203
83$3,795,112$0$0$2,378,595
84$4,047,604$0$0$2,538,495
85$4,321,611$0$0$2,712,099
86$4,619,193$0$0$2,900,723
87$4,942,616$0$0$3,105,814
88$5,294,375$0$0$3,328,965
89$5,677,213$0$0$3,571,928
90$6,094,150$0$0$3,836,630
91$6,548,506$0$0$4,125,194
92$7,043,938$0$0$4,439,953
93$7,584,471$0$0$4,783,479
94$8,174,532$0$0$5,158,600
95$8,818,998$0$0$5,568,430
96$9,523,234$0$0$6,016,398
97$10,293,152$0$0$6,506,279
98$11,135,254$0$0$7,042,227
99$12,056,706$0$0$7,628,820
100$13,065,394$0$0$8,271,097