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%
1 years$69,119$68,503$67,902$67,316$66,744$64,841
2 years$34,217$33,580$32,962$32,363$31,783$29,881
3 years$22,585$21,945$21,329$20,736$20,164$18,322
4 years$16,770$16,132$15,522$14,939$14,381$12,614
5 years$13,282$12,648$12,046$11,474$10,932$9,244
6 years$10,957$10,328$9,735$9,176$8,650$7,043
7 years$9,297$8,673$8,090$7,544$7,035$5,508
8 years$8,053$7,434$6,861$6,329$5,836$4,389
9 years$7,086$6,473$5,909$5,391$4,915$3,546
10 years$6,312$5,706$5,152$4,647$4,188$2,896
11 years$5,680$5,079$4,535$4,044$3,602$2,384
12 years$5,153$4,559$4,025$3,547$3,121$1,975
13 years$4,708$4,120$3,596$3,132$2,722$1,646
14 years$4,327$3,745$3,231$2,780$2,386$1,377
15 years$3,997$3,421$2,917$2,479$2,101$1,156
16 years$3,708$3,139$2,645$2,220$1,857$973
17 years$3,454$2,891$2,407$1,995$1,646$821
18 years$3,228$2,671$2,197$1,797$1,464$694
19 years$3,026$2,476$2,011$1,624$1,305$588
20 years$2,845$2,300$1,846$1,471$1,165$499
21 years$2,681$2,143$1,698$1,335$1,043$423
22 years$2,532$2,000$1,565$1,214$935$360
23 years$2,396$1,871$1,445$1,105$839$306
24 years$2,272$1,753$1,336$1,008$754$261
25 years$2,158$1,645$1,238$921$679$222
26 years$2,053$1,546$1,148$842$611$189
27 years$1,956$1,455$1,066$771$551$161
28 years$1,865$1,371$991$706$497$138
29 years$1,782$1,293$922$647$449$117
30 years$1,704$1,221$859$594$406$100
31 years$1,631$1,155$801$546$367$85
32 years$1,563$1,093$747$502$332$73
33 years$1,499$1,035$698$461$300$62
34 years$1,439$981$652$424$272$53
35 years$1,383$930$609$391$246$45
36 years$1,329$883$570$360$223$39
37 years$1,279$838$534$331$202$33
38 years$1,232$797$500$306$183$28
39 years$1,187$758$468$282$166$24
40 years$1,144$721$439$260$151$21
41 years$1,104$686$411$240$137$18
42 years$1,066$654$386$221$124$15
43 years$1,029$623$362$204$113$13
44 years$994$594$340$189$102$11
45 years$961$566$319$174$93$9
46 years$930$540$300$161$84$8
47 years$900$515$282$149$77$7
48 years$871$492$265$137$70$6
49 years$844$470$249$127$63$5
50 years$817$449$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $837,000, adding $3,102 every year, while hoping to spend $23,371 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: 50/44/6 Blend
54$837,000$837,000$837,000$837,000
55$925,574$881,213$868,239$970,325
56$995,116$899,526$872,459$1,019,449
57$1,070,968$917,952$876,036$1,070,029
58$1,153,748$936,474$878,926$1,124,430
59$1,244,140$955,070$881,078$1,183,014
60$1,342,891$973,718$882,444$1,246,182
61$1,450,828$992,392$882,968$1,314,373
62$1,568,860$1,011,067$882,595$1,388,073
63$1,697,988$1,029,714$881,266$1,467,817
64$1,839,314$1,048,300$878,919$1,554,194
65$1,994,051$1,066,794$875,490$1,647,852
66$2,163,535$1,085,159$870,910$1,749,508
67$2,349,240$1,103,355$865,109$1,859,949
68$2,552,784$1,121,341$858,012$1,980,046
69$2,775,953$1,139,072$849,541$2,110,755
70$3,020,713$1,156,499$839,613$2,253,134
71$3,289,229$1,173,571$828,144$2,408,345
72$3,583,887$1,190,233$815,043$2,577,672
73$3,907,313$1,206,424$800,217$2,762,530
74$4,262,402$1,222,082$783,567$2,964,477
75$4,652,341$1,237,138$764,991$3,185,233
76$5,080,642$1,251,519$744,380$3,426,692
77$5,551,173$1,265,149$721,622$3,690,943
78$6,068,195$1,277,944$696,599$3,980,288
79$6,636,404$1,289,817$669,188$4,297,267
80$7,260,972$1,300,673$639,261$4,644,678
81$7,947,597$1,310,411$606,682$5,025,606
82$8,702,557$1,318,927$571,311$5,443,453
83$9,532,769$1,326,105$533,000$5,901,968
84$10,445,852$1,331,825$491,597$6,405,285
85$11,450,204$1,335,959$446,940$6,957,960
86$12,555,073$1,338,370$398,861$7,565,018
87$13,770,653$1,338,912$347,186$8,231,997
88$15,108,174$1,337,433$291,731$8,965,003
89$16,580,009$1,333,768$232,305$9,770,764
90$18,199,791$1,327,744$168,708$10,656,703
91$19,982,542$1,319,176$100,732$11,630,997
92$21,944,815$1,307,869$28,160$12,702,663
93$24,104,847$1,293,616$0$13,881,641
94$26,482,735$1,276,197$0$15,182,043
95$29,100,622$1,255,378$0$16,614,922
96$31,982,908$1,230,914$0$18,191,803
97$35,156,479$1,202,543$0$19,927,380
98$38,650,960$1,169,989$0$21,837,848
99$42,498,997$1,132,957$0$23,941,060
100$46,736,562$1,091,138$0$26,256,694