Can I retire at age 55 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$70,110$69,485$68,876$68,281$67,700$66,661
2 years$34,708$34,061$33,435$32,827$32,238$31,194
3 years$22,909$22,259$21,635$21,033$20,453$19,436
4 years$17,010$16,363$15,744$15,153$14,587$13,605
5 years$13,472$12,829$12,218$11,639$11,089$10,145
6 years$11,114$10,476$9,874$9,308$8,774$7,869
7 years$9,431$8,797$8,206$7,652$7,136$6,270
8 years$8,168$7,541$6,959$6,419$5,920$5,093
9 years$7,187$6,566$5,994$5,468$4,985$4,197
10 years$6,403$5,787$5,225$4,713$4,248$3,498
11 years$5,761$5,152$4,600$4,102$3,653$2,941
12 years$5,227$4,624$4,083$3,598$3,166$2,490
13 years$4,776$4,179$3,648$3,177$2,761$2,120
14 years$4,389$3,799$3,277$2,820$2,420$1,814
15 years$4,054$3,470$2,959$2,515$2,131$1,558
16 years$3,761$3,184$2,683$2,252$1,883$1,343
17 years$3,503$2,932$2,441$2,023$1,670$1,160
18 years$3,274$2,709$2,229$1,823$1,485$1,005
19 years$3,070$2,511$2,040$1,647$1,323$873
20 years$2,885$2,333$1,872$1,492$1,182$759
21 years$2,719$2,174$1,722$1,354$1,058$661
22 years$2,568$2,029$1,587$1,231$948$576
23 years$2,431$1,898$1,466$1,121$851$503
24 years$2,305$1,778$1,355$1,023$765$439
25 years$2,189$1,668$1,255$934$688$384
26 years$2,082$1,568$1,164$854$620$336
27 years$1,984$1,476$1,081$782$559$294
28 years$1,892$1,391$1,005$716$504$258
29 years$1,807$1,312$935$657$455$226
30 years$1,728$1,239$871$603$412$198
31 years$1,654$1,171$812$554$372$174
32 years$1,585$1,108$758$509$337$153
33 years$1,520$1,049$708$468$305$134
34 years$1,460$995$661$430$276$118
35 years$1,402$943$618$396$250$103
36 years$1,348$895$578$365$226$91
37 years$1,298$850$541$336$205$80
38 years$1,249$808$507$310$186$70
39 years$1,204$769$475$286$169$61
40 years$1,161$731$445$264$153$54
41 years$1,120$696$417$243$139$47
42 years$1,081$663$391$224$126$42
43 years$1,044$632$367$207$114$37
44 years$1,009$602$345$191$104$32
45 years$975$574$324$177$94$28
46 years$943$548$304$163$86$25
47 years$913$523$286$151$78$22
48 years$884$499$268$139$71$19
49 years$856$476$252$129$64$17
50 years$829$455$237$119$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $849,000, adding $6,669 every year, while hoping to spend $49,315 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: 51/34/15 Blend
54$849,000$849,000$849,000$849,000
55$942,477$897,480$884,321$986,371
56$986,139$888,986$861,475$1,008,713
57$1,032,602$878,423$836,210$1,027,264
58$1,082,098$865,637$808,395$1,046,335
59$1,134,885$850,466$777,889$1,065,992
60$1,191,243$832,738$744,547$1,086,308
61$1,251,477$812,269$708,217$1,107,367
62$1,315,925$788,868$668,740$1,129,264
63$1,384,957$762,330$625,950$1,152,109
64$1,458,975$732,437$579,672$1,176,025
65$1,538,426$698,962$529,726$1,201,151
66$1,623,795$661,661$475,922$1,227,647
67$1,715,619$620,278$418,062$1,255,690
68$1,814,483$574,543$355,938$1,285,483
69$1,921,033$524,169$289,335$1,317,251
70$2,035,979$468,853$218,028$1,351,252
71$2,160,097$408,275$141,780$1,387,770
72$2,294,243$342,097$60,346$1,427,130
73$2,439,357$269,961$0$1,469,691
74$2,596,473$191,490$0$1,520,109
75$2,766,725$106,286$0$1,585,171
76$2,951,365$13,927$0$1,655,759
77$3,151,764$0$0$1,732,486
78$3,369,433$0$0$1,848,222
79$3,606,035$0$0$1,979,765
80$3,863,397$0$0$2,122,930
81$4,143,531$0$0$2,278,847
82$4,448,650$0$0$2,448,758
83$4,781,188$0$0$2,634,030
84$5,143,828$0$0$2,836,168
85$5,539,517$0$0$3,056,828
86$5,971,504$0$0$3,297,834
87$6,443,363$0$0$3,561,193
88$6,959,028$0$0$3,849,114
89$7,522,833$0$0$4,164,030
90$8,139,546$0$0$4,508,621
91$8,814,419$0$0$4,885,835
92$9,553,235$0$0$5,298,921
93$10,362,363$0$0$5,751,456
94$11,248,814$0$0$6,247,379
95$12,220,313$0$0$6,791,028
96$13,285,364$0$0$7,387,182
97$14,453,336$0$0$8,041,102
98$15,734,546$0$0$8,758,586
99$17,140,359$0$0$9,546,018
100$18,683,293$0$0$10,410,431