Can I retire at age 55 with 840,000?

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 $840,000?

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%
1 years$69,366$68,749$68,146$67,557$66,983$65,047
2 years$34,340$33,700$33,080$32,479$31,897$29,962
3 years$22,666$22,023$21,405$20,810$20,236$18,363
4 years$16,830$16,190$15,578$14,992$14,433$12,636
5 years$13,329$12,693$12,089$11,516$10,972$9,255
6 years$10,996$10,365$9,770$9,209$8,681$7,047
7 years$9,331$8,704$8,119$7,571$7,060$5,509
8 years$8,082$7,461$6,885$6,351$5,857$4,387
9 years$7,111$6,496$5,930$5,410$4,933$3,542
10 years$6,335$5,726$5,170$4,663$4,203$2,891
11 years$5,700$5,098$4,552$4,059$3,615$2,378
12 years$5,172$4,575$4,039$3,560$3,132$1,969
13 years$4,725$4,135$3,609$3,143$2,731$1,639
14 years$4,342$3,758$3,243$2,790$2,394$1,371
15 years$4,011$3,433$2,928$2,488$2,108$1,150
16 years$3,722$3,150$2,654$2,228$1,863$967
17 years$3,466$2,901$2,415$2,002$1,652$816
18 years$3,240$2,681$2,205$1,804$1,469$689
19 years$3,037$2,484$2,019$1,630$1,309$583
20 years$2,855$2,309$1,853$1,476$1,169$494
21 years$2,690$2,150$1,704$1,340$1,047$419
22 years$2,541$2,007$1,570$1,218$938$356
23 years$2,405$1,877$1,450$1,109$842$303
24 years$2,280$1,759$1,341$1,012$757$258
25 years$2,166$1,651$1,242$924$681$219
26 years$2,060$1,551$1,152$845$613$187
27 years$1,963$1,460$1,070$773$553$159
28 years$1,872$1,376$994$709$499$135
29 years$1,788$1,298$925$650$451$115
30 years$1,710$1,226$862$596$407$98
31 years$1,637$1,159$804$548$368$84
32 years$1,568$1,096$750$503$333$72
33 years$1,504$1,038$700$463$301$61
34 years$1,444$984$654$426$273$52
35 years$1,387$933$612$392$247$45
36 years$1,334$886$572$361$224$38
37 years$1,284$841$535$333$203$32
38 years$1,236$800$501$307$184$28
39 years$1,191$760$470$283$167$24
40 years$1,148$723$440$261$151$20
41 years$1,108$689$413$241$137$17
42 years$1,069$656$387$222$125$15
43 years$1,033$625$363$205$113$13
44 years$998$596$341$189$103$11
45 years$965$568$320$175$93$9
46 years$933$542$301$161$85$8
47 years$903$517$283$149$77$7
48 years$874$494$266$138$70$6
49 years$847$471$250$127$63$5
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $840,000, adding $2,084 every year, while hoping to spend $22,333 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: 48/22/30 Blend
54$840,000$840,000$840,000$840,000
55$927,830$883,310$870,290$964,318
56$998,706$902,830$875,682$1,009,794
57$1,076,064$922,558$880,507$1,056,814
58$1,160,539$942,480$884,721$1,107,457
59$1,252,835$962,583$888,280$1,162,076
60$1,353,724$982,849$891,137$1,221,062
61$1,464,055$1,003,260$893,242$1,284,845
62$1,584,767$1,023,798$894,544$1,353,901
63$1,716,890$1,044,440$894,987$1,428,753
64$1,861,559$1,065,164$894,516$1,509,979
65$2,020,025$1,085,944$893,069$1,598,215
66$2,193,665$1,106,753$890,584$1,694,164
67$2,383,996$1,127,561$886,996$1,798,602
68$2,592,687$1,148,335$882,234$1,912,383
69$2,821,579$1,169,042$876,227$2,036,450
70$3,072,698$1,189,643$868,898$2,171,842
71$3,348,276$1,210,098$860,169$2,319,706
72$3,650,770$1,230,363$849,955$2,481,307
73$3,982,890$1,250,392$838,170$2,658,039
74$4,347,618$1,270,134$824,721$2,851,440
75$4,748,240$1,289,535$809,514$3,063,207
76$5,188,376$1,308,538$792,448$3,295,210
77$5,672,013$1,327,080$773,419$3,549,511
78$6,203,547$1,345,095$752,316$3,828,386
79$6,787,816$1,362,512$729,026$4,134,342
80$7,430,153$1,379,254$703,428$4,470,147
81$8,136,432$1,395,242$675,397$4,838,849
82$8,913,127$1,410,387$644,802$5,243,812
83$9,767,368$1,424,599$611,505$5,688,744
84$10,707,012$1,437,777$575,363$6,177,735
85$11,740,717$1,449,817$536,227$6,715,292
86$12,878,019$1,460,607$493,940$7,306,387
87$14,129,429$1,470,028$448,338$7,956,500
88$15,506,524$1,477,953$399,251$8,671,675
89$17,022,064$1,484,248$346,500$9,458,573
90$18,690,106$1,488,767$289,899$10,324,539
91$20,526,139$1,491,359$229,254$11,277,673
92$22,547,232$1,491,862$164,360$12,326,901
93$24,772,190$1,490,104$95,007$13,482,065
94$27,221,736$1,485,902$20,972$14,754,017
95$29,918,703$1,479,061$0$16,154,718
96$32,888,252$1,469,376$0$17,715,933
97$36,158,106$1,456,628$0$19,441,991
98$39,758,817$1,440,587$0$21,342,280
99$43,724,046$1,421,005$0$23,434,547
100$48,090,888$1,397,624$0$25,738,353