Can I retire at age 55 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$69,119$68,503$67,902$67,316$66,744$64,633
2 years$34,217$33,580$32,962$32,363$31,783$29,675
3 years$22,585$21,945$21,329$20,736$20,164$18,126
4 years$16,770$16,132$15,522$14,939$14,381$12,429
5 years$13,282$12,648$12,046$11,474$10,932$9,070
6 years$10,957$10,328$9,735$9,176$8,650$6,880
7 years$9,297$8,673$8,090$7,544$7,035$5,356
8 years$8,053$7,434$6,861$6,329$5,836$4,248
9 years$7,086$6,473$5,909$5,391$4,915$3,416
10 years$6,312$5,706$5,152$4,647$4,188$2,775
11 years$5,680$5,079$4,535$4,044$3,602$2,273
12 years$5,153$4,559$4,025$3,547$3,121$1,873
13 years$4,708$4,120$3,596$3,132$2,722$1,552
14 years$4,327$3,745$3,231$2,780$2,386$1,291
15 years$3,997$3,421$2,917$2,479$2,101$1,078
16 years$3,708$3,139$2,645$2,220$1,857$902
17 years$3,454$2,891$2,407$1,995$1,646$757
18 years$3,228$2,671$2,197$1,797$1,464$636
19 years$3,026$2,476$2,011$1,624$1,305$536
20 years$2,845$2,300$1,846$1,471$1,165$452
21 years$2,681$2,143$1,698$1,335$1,043$381
22 years$2,532$2,000$1,565$1,214$935$322
23 years$2,396$1,871$1,445$1,105$839$272
24 years$2,272$1,753$1,336$1,008$754$230
25 years$2,158$1,645$1,238$921$679$195
26 years$2,053$1,546$1,148$842$611$165
27 years$1,956$1,455$1,066$771$551$140
28 years$1,865$1,371$991$706$497$118
29 years$1,782$1,293$922$647$449$100
30 years$1,704$1,221$859$594$406$85
31 years$1,631$1,155$801$546$367$72
32 years$1,563$1,093$747$502$332$61
33 years$1,499$1,035$698$461$300$52
34 years$1,439$981$652$424$272$44
35 years$1,383$930$609$391$246$37
36 years$1,329$883$570$360$223$32
37 years$1,279$838$534$331$202$27
38 years$1,232$797$500$306$183$23
39 years$1,187$758$468$282$166$19
40 years$1,144$721$439$260$151$16
41 years$1,104$686$411$240$137$14
42 years$1,066$654$386$221$124$12
43 years$1,029$623$362$204$113$10
44 years$994$594$340$189$102$9
45 years$961$566$319$174$93$7
46 years$930$540$300$161$84$6
47 years$900$515$282$149$77$5
48 years$871$492$265$137$70$4
49 years$844$470$249$127$63$4
50 years$817$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $837,000, adding $6,759 every year, while hoping to spend $38,407 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: 30/42/28 Blend
54$837,000$837,000$837,000$837,000
55$929,346$884,985$872,011$949,069
56$983,274$887,484$860,359$967,524
57$1,041,416$888,819$847,029$983,554
58$1,104,161$888,892$831,925$1,000,039
59$1,171,936$887,598$814,945$1,017,045
60$1,245,212$884,828$795,983$1,034,648
61$1,324,504$880,465$774,929$1,052,935
62$1,410,381$874,385$751,667$1,072,007
63$1,503,466$866,457$726,075$1,091,976
64$1,604,447$856,541$698,026$1,112,972
65$1,714,079$844,489$667,388$1,135,140
66$1,833,191$830,146$634,021$1,158,646
67$1,962,697$813,344$597,782$1,183,678
68$2,103,603$793,908$558,518$1,210,445
69$2,257,013$771,652$516,071$1,239,187
70$2,424,144$746,379$470,275$1,270,170
71$2,606,336$717,880$420,958$1,303,696
72$2,805,062$685,936$367,940$1,340,102
73$3,021,943$650,312$311,031$1,379,768
74$3,258,765$610,761$250,034$1,423,117
75$3,517,494$567,023$184,745$1,470,625
76$3,800,292$518,821$114,948$1,522,824
77$4,109,542$465,864$40,419$1,580,308
78$4,447,867$407,843$0$1,643,741
79$4,818,154$344,432$0$1,725,549
80$5,223,584$275,287$0$1,828,519
81$5,667,658$200,044$0$1,941,559
82$6,154,232$118,319$0$2,065,775
83$6,687,553$29,707$0$2,202,390
84$7,272,300$0$0$2,352,763
85$7,913,623$0$0$2,549,001
86$8,617,197$0$0$2,779,485
87$9,389,271$0$0$3,032,548
88$10,236,730$0$0$3,310,464
89$11,167,158$0$0$3,615,739
90$12,188,907$0$0$3,951,131
91$13,311,179$0$0$4,319,681
92$14,544,111$0$0$4,724,737
93$15,898,872$0$0$5,169,989
94$17,387,762$0$0$5,659,502
95$19,024,336$0$0$6,197,753
96$20,823,527$0$0$6,789,677
97$22,801,783$0$0$7,440,709
98$24,977,232$0$0$8,156,839
99$27,369,840$0$0$8,944,666
100$30,001,610$0$0$9,811,459