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%12.1%
1 years$69,119$68,503$67,902$67,316$66,744$66,157
2 years$34,217$33,580$32,962$32,363$31,783$31,191
3 years$22,585$21,945$21,329$20,736$20,164$19,587
4 years$16,770$16,132$15,522$14,939$14,381$13,822
5 years$13,282$12,648$12,046$11,474$10,932$10,393
6 years$10,957$10,328$9,735$9,176$8,650$8,132
7 years$9,297$8,673$8,090$7,544$7,035$6,537
8 years$8,053$7,434$6,861$6,329$5,836$5,359
9 years$7,086$6,473$5,909$5,391$4,915$4,458
10 years$6,312$5,706$5,152$4,647$4,188$3,752
11 years$5,680$5,079$4,535$4,044$3,602$3,186
12 years$5,153$4,559$4,025$3,547$3,121$2,725
13 years$4,708$4,120$3,596$3,132$2,722$2,344
14 years$4,327$3,745$3,231$2,780$2,386$2,027
15 years$3,997$3,421$2,917$2,479$2,101$1,760
16 years$3,708$3,139$2,645$2,220$1,857$1,534
17 years$3,454$2,891$2,407$1,995$1,646$1,341
18 years$3,228$2,671$2,197$1,797$1,464$1,175
19 years$3,026$2,476$2,011$1,624$1,305$1,032
20 years$2,845$2,300$1,846$1,471$1,165$908
21 years$2,681$2,143$1,698$1,335$1,043$800
22 years$2,532$2,000$1,565$1,214$935$706
23 years$2,396$1,871$1,445$1,105$839$624
24 years$2,272$1,753$1,336$1,008$754$552
25 years$2,158$1,645$1,238$921$679$489
26 years$2,053$1,546$1,148$842$611$433
27 years$1,956$1,455$1,066$771$551$384
28 years$1,865$1,371$991$706$497$341
29 years$1,782$1,293$922$647$449$303
30 years$1,704$1,221$859$594$406$269
31 years$1,631$1,155$801$546$367$239
32 years$1,563$1,093$747$502$332$212
33 years$1,499$1,035$698$461$300$189
34 years$1,439$981$652$424$272$168
35 years$1,383$930$609$391$246$150
36 years$1,329$883$570$360$223$133
37 years$1,279$838$534$331$202$119
38 years$1,232$797$500$306$183$106
39 years$1,187$758$468$282$166$94
40 years$1,144$721$439$260$151$84
41 years$1,104$686$411$240$137$75
42 years$1,066$654$386$221$124$67
43 years$1,029$623$362$204$113$59
44 years$994$594$340$189$102$53
45 years$961$566$319$174$93$47
46 years$930$540$300$161$84$42
47 years$900$515$282$149$77$37
48 years$871$492$265$137$70$33
49 years$844$470$249$127$63$30
50 years$817$449$234$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $837,000, adding $6,741 every year, while hoping to spend $41,375 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: 34/50/16 Blend
54$837,000$837,000$837,000$837,000
55$929,327$884,966$871,993$956,109
56$980,096$884,307$857,182$975,626
57$1,034,656$882,229$840,488$992,308
58$1,093,352$878,618$821,805$1,009,409
59$1,156,558$873,355$801,020$1,026,989
60$1,224,690$866,312$778,017$1,045,117
61$1,298,201$857,355$752,673$1,063,872
62$1,377,592$846,339$724,862$1,083,346
63$1,463,409$833,113$694,448$1,103,642
64$1,556,257$817,515$661,292$1,124,878
65$1,656,799$799,377$625,249$1,147,190
66$1,765,762$778,516$586,164$1,170,730
67$1,883,949$754,742$543,880$1,195,673
68$2,012,240$727,853$498,228$1,222,214
69$2,151,605$697,635$449,035$1,250,577
70$2,303,110$663,860$396,119$1,281,012
71$2,467,928$626,290$339,290$1,313,801
72$2,647,349$584,670$278,348$1,349,262
73$2,842,793$538,734$213,088$1,387,753
74$3,055,823$488,197$143,291$1,429,675
75$3,288,159$432,760$68,733$1,475,478
76$3,541,693$372,108$0$1,525,665
77$3,818,509$305,904$0$1,582,653
78$4,120,901$233,797$0$1,657,865
79$4,451,393$155,414$0$1,740,305
80$4,812,765$70,359$0$1,830,807
81$5,208,078$0$0$1,930,301
82$5,640,702$0$0$2,051,802
83$6,114,348$0$0$2,227,325
84$6,633,102$0$0$2,419,689
85$7,201,464$0$0$2,630,576
86$7,824,391$0$0$2,861,843
87$8,507,339$0$0$3,115,531
88$9,256,322$0$0$3,393,892
89$10,077,960$0$0$3,699,404
90$10,979,546$0$0$4,034,797
91$11,969,113$0$0$4,403,079
92$13,055,510$0$0$4,807,563
93$14,248,484$0$0$5,251,898
94$15,558,773$0$0$5,740,105
95$16,998,205$0$0$6,276,614
96$18,579,811$0$0$6,866,303
97$20,317,946$0$0$7,514,549
98$22,228,426$0$0$8,227,275
99$24,328,672$0$0$9,011,006
100$26,637,882$0$0$9,872,930