Can I retire at age 55 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$69,614$68,994$68,389$67,799$67,222$65,838
2 years$34,462$33,821$33,199$32,595$32,010$30,622
3 years$22,747$22,102$21,482$20,884$20,309$18,960
4 years$16,890$16,247$15,633$15,046$14,484$13,185
5 years$13,377$12,738$12,132$11,557$11,011$9,765
6 years$11,036$10,402$9,804$9,242$8,712$7,521
7 years$9,364$8,735$8,148$7,598$7,086$5,949
8 years$8,111$7,488$6,910$6,374$5,878$4,796
9 years$7,137$6,519$5,951$5,429$4,950$3,922
10 years$6,358$5,747$5,189$4,680$4,218$3,243
11 years$5,721$5,116$4,568$4,073$3,628$2,704
12 years$5,190$4,592$4,054$3,573$3,144$2,270
13 years$4,742$4,150$3,622$3,154$2,741$1,917
14 years$4,358$3,772$3,254$2,800$2,403$1,625
15 years$4,025$3,446$2,938$2,497$2,116$1,384
16 years$3,735$3,161$2,664$2,236$1,870$1,182
17 years$3,479$2,911$2,424$2,009$1,658$1,012
18 years$3,251$2,690$2,213$1,810$1,474$868
19 years$3,048$2,493$2,026$1,636$1,314$746
20 years$2,865$2,317$1,859$1,482$1,174$643
21 years$2,700$2,158$1,710$1,345$1,050$554
22 years$2,550$2,015$1,576$1,223$941$478
23 years$2,413$1,884$1,455$1,113$845$413
24 years$2,288$1,765$1,346$1,015$760$357
25 years$2,173$1,657$1,247$927$684$309
26 years$2,067$1,557$1,156$848$616$268
27 years$1,970$1,465$1,074$776$555$232
28 years$1,879$1,381$998$711$501$201
29 years$1,795$1,303$929$652$452$175
30 years$1,716$1,230$865$598$409$151
31 years$1,643$1,163$806$550$369$131
32 years$1,574$1,100$752$505$334$114
33 years$1,510$1,042$703$465$302$99
34 years$1,449$988$656$427$274$86
35 years$1,392$937$614$393$248$75
36 years$1,339$889$574$362$225$65
37 years$1,288$844$537$334$204$56
38 years$1,241$803$503$308$185$49
39 years$1,195$763$471$284$167$43
40 years$1,153$726$442$262$152$37
41 years$1,112$691$414$241$138$32
42 years$1,073$658$389$223$125$28
43 years$1,037$627$365$206$113$24
44 years$1,002$598$342$190$103$21
45 years$968$570$321$175$94$18
46 years$937$544$302$162$85$16
47 years$906$519$284$150$77$14
48 years$877$495$267$138$70$12
49 years$850$473$251$128$64$10
50 years$823$452$236$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $843,000, adding $6,388 every year, while hoping to spend $34,827 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: 63/14/23 Blend
54$843,000$843,000$843,000$843,000
55$935,575$890,896$877,830$988,515
56$993,948$897,494$870,181$1,031,632
57$1,057,108$903,249$861,110$1,074,262
58$1,125,506$908,081$850,530$1,120,038
59$1,199,639$911,908$838,354$1,169,271
60$1,280,052$914,642$824,489$1,222,305
61$1,367,346$916,188$808,838$1,279,521
62$1,462,181$916,447$791,299$1,341,337
63$1,565,283$915,312$771,767$1,408,218
64$1,677,451$912,672$750,131$1,480,675
65$1,799,565$908,406$726,274$1,559,274
66$1,932,590$902,388$700,074$1,644,639
67$2,077,593$894,484$671,405$1,737,459
68$2,235,744$884,550$640,134$1,838,494
69$2,408,334$872,436$606,122$1,948,585
70$2,596,780$857,982$569,223$2,068,660
71$2,802,646$841,018$529,286$2,199,742
72$3,027,652$821,363$486,153$2,342,962
73$3,273,691$798,829$439,658$2,499,566
74$3,542,848$773,212$389,627$2,670,933
75$3,837,420$744,300$335,881$2,858,581
76$4,159,933$711,868$278,230$3,064,188
77$4,513,173$675,676$216,477$3,289,605
78$4,900,204$635,472$150,416$3,536,874
79$5,324,403$590,988$79,834$3,808,250
80$5,789,488$541,943$4,504$4,106,219
81$6,299,555$488,037$0$4,433,525
82$6,859,114$428,955$0$4,811,819
83$7,473,134$364,364$0$5,228,207
84$8,147,087$293,911$0$5,685,330
85$8,887,001$217,225$0$6,187,319
86$9,699,518$133,911$0$6,738,726
87$10,591,952$43,556$0$7,344,567
88$11,572,361$0$0$8,010,372
89$12,649,623$0$0$8,750,599
90$13,833,517$0$0$9,571,536
91$15,134,817$0$0$10,473,953
92$16,565,395$0$0$11,466,089
93$18,138,326$0$0$12,557,022
94$19,868,019$0$0$13,756,755
95$21,770,347$0$0$15,076,306
96$23,862,801$0$0$16,527,816
97$26,164,649$0$0$18,124,663
98$28,697,122$0$0$19,881,585
99$31,483,613$0$0$21,814,822
100$34,549,897$0$0$23,942,266