Can I retire at age 55 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$69,036$68,421$67,821$67,236$66,664$64,973
2 years$34,176$33,540$32,923$32,325$31,745$30,052
3 years$22,558$21,919$21,303$20,711$20,140$18,499
4 years$16,750$16,113$15,503$14,921$14,364$12,787
5 years$13,266$12,632$12,031$11,461$10,919$9,410
6 years$10,944$10,315$9,723$9,165$8,640$7,201
7 years$9,286$8,663$8,080$7,535$7,027$5,657
8 years$8,043$7,426$6,852$6,321$5,829$4,529
9 years$7,077$6,465$5,902$5,384$4,909$3,677
10 years$6,305$5,699$5,145$4,641$4,183$3,018
11 years$5,673$5,073$4,530$4,039$3,597$2,497
12 years$5,147$4,554$4,020$3,543$3,117$2,080
13 years$4,703$4,115$3,592$3,128$2,718$1,742
14 years$4,322$3,741$3,227$2,777$2,383$1,465
15 years$3,992$3,417$2,914$2,476$2,098$1,237
16 years$3,704$3,135$2,642$2,217$1,854$1,047
17 years$3,450$2,887$2,404$1,992$1,644$889
18 years$3,224$2,668$2,194$1,795$1,462$756
19 years$3,023$2,473$2,009$1,622$1,303$644
20 years$2,841$2,298$1,844$1,469$1,164$550
21 years$2,678$2,140$1,696$1,333$1,042$470
22 years$2,529$1,998$1,563$1,212$934$402
23 years$2,393$1,869$1,443$1,104$838$344
24 years$2,269$1,751$1,335$1,007$753$295
25 years$2,155$1,643$1,236$920$678$253
26 years$2,050$1,544$1,146$841$611$217
27 years$1,953$1,453$1,065$770$550$186
28 years$1,863$1,369$990$705$497$160
29 years$1,780$1,292$921$647$449$137
30 years$1,702$1,220$858$594$405$118
31 years$1,629$1,153$800$545$366$101
32 years$1,561$1,091$746$501$331$87
33 years$1,497$1,033$697$461$300$75
34 years$1,437$979$651$424$272$64
35 years$1,381$929$609$390$246$55
36 years$1,328$882$569$359$223$48
37 years$1,278$837$533$331$202$41
38 years$1,230$796$499$305$183$35
39 years$1,185$757$468$281$166$30
40 years$1,143$720$438$260$151$26
41 years$1,103$685$411$239$137$22
42 years$1,064$653$385$221$124$19
43 years$1,028$622$362$204$113$17
44 years$993$593$340$188$102$14
45 years$960$565$319$174$93$12
46 years$929$539$299$161$84$11
47 years$899$515$281$148$76$9
48 years$870$491$264$137$69$8
49 years$843$469$248$127$63$7
50 years$816$448$234$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $836,000, adding $2,699 every year, while hoping to spend $48,229 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: 56/37/7 Blend
54$836,000$836,000$836,000$836,000
55$924,056$879,748$866,790$974,202
56$966,994$871,540$844,512$1,000,101
57$1,012,696$861,314$819,872$1,022,678
58$1,061,392$848,919$792,738$1,046,085
59$1,113,335$834,198$762,976$1,070,406
60$1,168,802$816,980$730,443$1,095,738
61$1,228,097$797,089$694,990$1,122,186
62$1,291,553$774,336$656,461$1,149,874
63$1,359,534$748,521$614,695$1,178,936
64$1,432,440$719,433$569,522$1,209,526
65$1,510,712$686,848$520,763$1,241,815
66$1,594,830$650,529$468,234$1,275,995
67$1,685,324$610,226$411,742$1,312,282
68$1,782,775$565,675$351,083$1,350,918
69$1,887,820$516,596$286,047$1,392,171
70$2,001,161$462,692$216,413$1,436,345
71$2,123,568$403,652$141,951$1,483,776
72$2,255,886$339,146$62,420$1,534,841
73$2,399,046$268,823$0$1,589,961
74$2,554,069$192,316$0$1,651,281
75$2,722,080$109,235$0$1,722,733
76$2,904,314$19,169$0$1,800,251
77$3,102,130$0$0$1,884,506
78$3,317,023$0$0$2,008,129
79$3,550,637$0$0$2,151,073
80$3,804,780$0$0$2,306,647
81$4,081,444$0$0$2,476,079
82$4,382,818$0$0$2,660,719
83$4,711,312$0$0$2,862,053
84$5,069,577$0$0$3,081,716
85$5,460,533$0$0$3,321,508
86$5,887,394$0$0$3,583,411
87$6,353,696$0$0$3,869,605
88$6,863,332$0$0$4,182,494
89$7,420,591$0$0$4,524,720
90$8,030,192$0$0$4,899,194
91$8,697,333$0$0$5,309,124
92$9,427,735$0$0$5,758,037
93$10,227,702$0$0$6,249,822
94$11,104,173$0$0$6,788,761
95$12,064,792$0$0$7,379,566
96$13,117,975$0$0$8,027,432
97$14,272,994$0$0$8,738,078
98$15,540,060$0$0$9,517,802
99$16,930,421$0$0$10,373,545
100$18,456,464$0$0$11,312,948