Can I retire at age 55 with 847,000?

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 $847,000?

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$69,944$69,321$68,714$68,120$67,541$66,697
2 years$34,626$33,981$33,356$32,750$32,162$31,313
3 years$22,855$22,207$21,584$20,983$20,405$19,577
4 years$16,970$16,325$15,707$15,117$14,553$13,753
5 years$13,440$12,799$12,190$11,612$11,063$10,292
6 years$11,088$10,451$9,851$9,286$8,754$8,014
7 years$9,408$8,777$8,186$7,634$7,119$6,410
8 years$8,149$7,523$6,943$6,404$5,906$5,228
9 years$7,170$6,550$5,980$5,455$4,974$4,327
10 years$6,388$5,774$5,213$4,702$4,238$3,621
11 years$5,748$5,140$4,590$4,092$3,645$3,057
12 years$5,215$4,613$4,073$3,590$3,158$2,600
13 years$4,765$4,169$3,639$3,169$2,754$2,224
14 years$4,379$3,790$3,270$2,813$2,414$1,912
15 years$4,045$3,462$2,952$2,509$2,126$1,650
16 years$3,753$3,176$2,677$2,246$1,879$1,429
17 years$3,495$2,925$2,436$2,018$1,666$1,241
18 years$3,267$2,703$2,223$1,819$1,481$1,081
19 years$3,062$2,505$2,035$1,644$1,320$943
20 years$2,879$2,328$1,868$1,489$1,179$824
21 years$2,713$2,168$1,718$1,351$1,055$721
22 years$2,562$2,024$1,584$1,228$946$632
23 years$2,425$1,893$1,462$1,119$849$555
24 years$2,299$1,774$1,352$1,020$763$487
25 years$2,184$1,665$1,252$932$687$429
26 years$2,077$1,564$1,162$852$619$377
27 years$1,979$1,472$1,079$780$558$332
28 years$1,888$1,387$1,003$715$503$293
29 years$1,803$1,309$933$655$454$258
30 years$1,724$1,236$869$601$411$227
31 years$1,650$1,168$810$552$371$201
32 years$1,581$1,106$756$508$336$177
33 years$1,517$1,047$706$467$304$156
34 years$1,456$992$660$429$275$138
35 years$1,399$941$617$395$249$122
36 years$1,345$893$577$364$226$108
37 years$1,294$848$540$335$205$95
38 years$1,246$806$506$309$186$84
39 years$1,201$767$474$285$168$74
40 years$1,158$730$444$263$153$66
41 years$1,117$694$416$243$138$58
42 years$1,078$661$391$224$126$51
43 years$1,041$630$366$207$114$45
44 years$1,006$601$344$191$103$40
45 years$973$573$323$176$94$36
46 years$941$546$303$163$85$31
47 years$911$521$285$150$77$28
48 years$881$498$268$139$70$25
49 years$854$475$252$128$64$22
50 years$827$454$237$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $847,000, adding $3,588 every year, while hoping to spend $50,945 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: 55/21/24 Blend
54$847,000$847,000$847,000$847,000
55$937,095$892,204$879,076$982,287
56$978,474$881,717$854,319$1,003,226
57$1,022,365$869,009$827,027$1,020,387
58$1,068,973$853,916$797,058$1,038,009
59$1,118,518$836,268$764,269$1,056,152
60$1,171,242$815,880$728,508$1,074,886
61$1,227,411$792,561$689,615$1,094,291
62$1,287,316$766,105$647,426$1,114,455
63$1,351,274$736,296$601,767$1,135,481
64$1,419,634$702,905$552,457$1,157,485
65$1,492,779$665,690$499,306$1,180,600
66$1,571,128$624,394$442,118$1,204,973
67$1,655,140$578,746$380,686$1,230,772
68$1,745,319$528,459$314,794$1,258,187
69$1,842,219$473,232$244,217$1,287,431
70$1,946,448$412,742$168,721$1,318,743
71$2,058,672$346,653$88,059$1,352,392
72$2,179,625$274,607$1,977$1,388,681
73$2,310,109$196,226$0$1,427,947
74$2,451,011$111,111$0$1,493,588
75$2,603,300$18,842$0$1,565,047
76$2,768,045$0$0$1,642,364
77$2,946,419$0$0$1,744,872
78$3,139,713$0$0$1,860,737
79$3,349,344$0$0$1,986,464
80$3,576,872$0$0$2,122,997
81$3,824,015$0$0$2,271,374
82$4,092,658$0$0$2,432,738
83$4,384,879$0$0$2,608,347
84$4,702,962$0$0$2,799,583
85$5,049,420$0$0$3,007,969
86$5,427,020$0$0$3,235,179
87$5,838,805$0$0$3,483,056
88$6,288,127$0$0$3,753,631
89$6,778,673$0$0$4,049,137
90$7,314,503$0$0$4,372,032
91$7,900,087$0$0$4,725,023
92$8,540,345$0$0$5,111,092
93$9,240,694$0$0$5,533,520
94$10,007,099$0$0$5,995,919
95$10,846,129$0$0$6,502,270
96$11,765,017$0$0$7,056,953
97$12,771,728$0$0$7,664,796
98$13,875,034$0$0$8,331,111
99$15,084,596$0$0$9,061,752
100$16,411,054$0$0$9,863,165