Can I retire at age 55 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$69,449$68,830$68,227$67,638$67,063$66,225
2 years$34,381$33,740$33,120$32,518$31,935$31,091
3 years$22,693$22,050$21,431$20,835$20,261$19,438
4 years$16,850$16,209$15,596$15,010$14,450$13,655
5 years$13,345$12,708$12,103$11,529$10,985$10,219
6 years$11,009$10,377$9,781$9,220$8,692$7,957
7 years$9,342$8,715$8,128$7,580$7,069$6,365
8 years$8,091$7,470$6,893$6,359$5,864$5,191
9 years$7,120$6,504$5,937$5,416$4,939$4,296
10 years$6,343$5,733$5,176$4,669$4,208$3,595
11 years$5,707$5,104$4,557$4,063$3,619$3,036
12 years$5,178$4,581$4,044$3,564$3,136$2,582
13 years$4,731$4,140$3,613$3,147$2,735$2,209
14 years$4,348$3,763$3,247$2,793$2,397$1,898
15 years$4,016$3,437$2,931$2,491$2,111$1,639
16 years$3,726$3,154$2,658$2,230$1,865$1,419
17 years$3,470$2,905$2,418$2,004$1,654$1,232
18 years$3,243$2,684$2,208$1,806$1,471$1,073
19 years$3,041$2,487$2,021$1,632$1,311$936
20 years$2,858$2,311$1,855$1,478$1,171$818
21 years$2,694$2,153$1,706$1,341$1,048$716
22 years$2,544$2,010$1,572$1,220$939$628
23 years$2,408$1,880$1,452$1,111$843$551
24 years$2,283$1,761$1,343$1,013$758$484
25 years$2,168$1,653$1,244$925$682$426
26 years$2,063$1,553$1,153$846$614$374
27 years$1,965$1,462$1,071$774$554$330
28 years$1,874$1,378$996$709$500$291
29 years$1,790$1,300$926$651$451$256
30 years$1,712$1,227$863$597$408$226
31 years$1,639$1,160$805$548$369$199
32 years$1,570$1,098$751$504$333$176
33 years$1,506$1,040$701$463$302$155
34 years$1,446$985$655$426$273$137
35 years$1,389$935$612$393$247$121
36 years$1,336$887$573$362$224$107
37 years$1,285$842$536$333$203$95
38 years$1,238$801$502$307$184$84
39 years$1,193$761$470$283$167$74
40 years$1,150$724$441$261$152$65
41 years$1,109$689$413$241$137$58
42 years$1,071$657$388$222$125$51
43 years$1,034$626$364$205$113$45
44 years$999$596$342$189$103$40
45 years$966$569$321$175$93$35
46 years$934$543$301$162$85$31
47 years$904$518$283$149$77$28
48 years$875$494$266$138$70$24
49 years$848$472$250$128$63$22
50 years$821$451$235$118$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $841,000, adding $3,208 every year, while hoping to spend $43,894 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: 64/31/5 Blend
54$841,000$841,000$841,000$841,000
55$930,091$885,518$872,483$988,750
56$978,257$882,206$855,008$1,024,849
57$1,029,866$877,260$835,477$1,058,750
58$1,085,221$870,554$813,774$1,094,613
59$1,144,656$861,954$789,778$1,132,624
60$1,208,540$851,319$763,364$1,172,989
61$1,277,274$838,496$734,400$1,215,937
62$1,351,301$823,328$702,748$1,261,719
63$1,431,107$805,644$668,263$1,310,618
64$1,517,226$785,266$630,795$1,362,943
65$1,610,243$762,004$590,187$1,419,038
66$1,710,802$735,658$546,274$1,479,283
67$1,819,613$706,014$498,883$1,544,102
68$1,937,454$672,849$447,835$1,613,959
69$2,065,180$635,924$392,943$1,689,373
70$2,203,732$594,988$334,010$1,770,914
71$2,354,145$549,775$270,832$1,859,217
72$2,517,558$500,004$203,195$1,954,981
73$2,695,222$445,378$130,876$2,058,982
74$2,888,516$385,582$53,642$2,172,077
75$3,098,955$320,286$0$2,295,215
76$3,328,207$249,138$0$2,430,981
77$3,578,107$171,769$0$2,582,154
78$3,850,675$87,787$0$2,747,167
79$4,148,134$0$0$2,927,453
80$4,472,933$0$0$3,125,695
81$4,827,763$0$0$3,375,038
82$5,215,592$0$0$3,647,624
83$5,639,685$0$0$3,945,757
84$6,103,636$0$0$4,271,971
85$6,611,404$0$0$4,629,056
86$7,167,349$0$0$5,020,087
87$7,776,269$0$0$5,448,447
88$8,443,452$0$0$5,917,864
89$9,174,718$0$0$6,432,442
90$9,976,480$0$0$6,996,702
91$10,855,799$0$0$7,615,623
92$11,820,452$0$0$8,294,690
93$12,879,007$0$0$9,039,943
94$14,040,899$0$0$9,858,037
95$15,316,525$0$0$10,756,301
96$16,717,332$0$0$11,742,809
97$18,255,936$0$0$12,826,457
98$19,946,230$0$0$14,017,041
99$21,803,522$0$0$15,325,357
100$23,844,676$0$0$16,763,297