Can I retire at age 55 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$70,027$69,403$68,795$68,201$67,621$65,826
2 years$34,667$34,021$33,395$32,789$32,200$30,405
3 years$22,882$22,233$21,609$21,008$20,429$18,689
4 years$16,990$16,344$15,726$15,135$14,570$12,898
5 years$13,456$12,814$12,204$11,625$11,076$9,478
6 years$11,101$10,463$9,863$9,297$8,764$7,240
7 years$9,419$8,787$8,196$7,643$7,128$5,679
8 years$8,159$7,532$6,951$6,412$5,913$4,538
9 years$7,179$6,558$5,987$5,461$4,980$3,678
10 years$6,395$5,781$5,219$4,708$4,243$3,013
11 years$5,755$5,146$4,595$4,097$3,649$2,488
12 years$5,221$4,619$4,078$3,594$3,162$2,069
13 years$4,770$4,174$3,643$3,173$2,757$1,729
14 years$4,384$3,794$3,274$2,816$2,417$1,451
15 years$4,049$3,466$2,956$2,512$2,128$1,223
16 years$3,757$3,180$2,680$2,249$1,881$1,033
17 years$3,499$2,929$2,438$2,021$1,668$875
18 years$3,270$2,706$2,226$1,821$1,483$743
19 years$3,066$2,508$2,038$1,646$1,322$631
20 years$2,882$2,331$1,870$1,490$1,181$537
21 years$2,716$2,171$1,720$1,353$1,057$458
22 years$2,565$2,026$1,585$1,230$947$391
23 years$2,428$1,895$1,464$1,120$850$334
24 years$2,302$1,776$1,354$1,022$764$285
25 years$2,186$1,667$1,254$933$688$244
26 years$2,080$1,566$1,163$853$619$209
27 years$1,981$1,474$1,080$781$558$179
28 years$1,890$1,389$1,004$715$504$153
29 years$1,805$1,310$934$656$455$131
30 years$1,726$1,237$870$602$411$112
31 years$1,652$1,170$811$553$372$96
32 years$1,583$1,107$757$508$336$83
33 years$1,519$1,048$707$467$304$71
34 years$1,458$993$660$430$275$61
35 years$1,401$942$617$396$250$52
36 years$1,347$894$578$365$226$45
37 years$1,296$849$541$336$205$38
38 years$1,248$807$506$310$186$33
39 years$1,202$768$474$285$168$28
40 years$1,159$730$445$263$153$24
41 years$1,118$695$417$243$139$21
42 years$1,080$662$391$224$126$18
43 years$1,043$631$367$207$114$15
44 years$1,008$601$344$191$104$13
45 years$974$573$323$176$94$11
46 years$942$547$304$163$85$10
47 years$912$522$285$151$78$8
48 years$882$498$268$139$70$7
49 years$855$476$252$129$64$6
50 years$828$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $848,000, adding $3,294 every year, while hoping to spend $54,077 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: 35/40/25 Blend
54$848,000$848,000$848,000$848,000
55$937,894$892,950$879,806$963,531
56$976,021$879,167$851,742$969,082
57$1,016,226$862,896$820,925$969,915
58$1,058,661$843,958$787,207$969,743
59$1,103,497$822,165$750,430$968,512
60$1,150,916$797,314$710,433$966,167
61$1,201,121$769,193$667,043$962,651
62$1,254,330$737,578$620,084$957,910
63$1,310,783$702,231$569,368$951,888
64$1,370,743$662,900$514,702$944,530
65$1,434,496$619,319$455,881$935,783
66$1,502,355$571,207$392,694$925,595
67$1,574,665$518,265$324,919$913,916
68$1,651,801$460,180$252,324$900,701
69$1,734,175$396,620$174,667$885,905
70$1,822,239$327,232$91,696$869,492
71$1,916,487$251,647$3,148$851,427
72$2,017,463$169,471$0$831,686
73$2,125,761$80,293$0$834,617
74$2,242,035$0$0$838,325
75$2,367,002$0$0$849,237
76$2,501,448$0$0$899,086
77$2,646,238$0$0$952,861
78$2,802,319$0$0$1,010,926
79$2,970,736$0$0$1,073,681
80$3,152,631$0$0$1,141,567
81$3,349,266$0$0$1,215,065
82$3,562,021$0$0$1,294,707
83$3,792,418$0$0$1,381,077
84$4,042,128$0$0$1,474,818
85$4,312,989$0$0$1,576,636
86$4,607,023$0$0$1,687,308
87$4,926,453$0$0$1,807,689
88$5,273,725$0$0$1,938,720
89$5,651,529$0$0$2,081,435
90$6,062,825$0$0$2,236,974
91$6,510,870$0$0$2,406,589
92$6,999,250$0$0$2,591,660
93$7,531,909$0$0$2,793,706
94$8,113,189$0$0$3,014,399
95$8,747,871$0$0$3,255,577
96$9,441,214$0$0$3,519,268
97$10,199,012$0$0$3,807,701
98$11,027,642$0$0$4,123,333
99$11,934,124$0$0$4,468,867
100$12,926,189$0$0$4,847,282