Can I retire at age 55 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,440$69,813$69,200$68,603$68,019$66,537
2 years$34,871$34,222$33,592$32,982$32,390$30,904
3 years$23,017$22,364$21,737$21,132$20,550$19,107
4 years$17,090$16,440$15,819$15,224$14,656$13,267
5 years$13,536$12,889$12,276$11,694$11,141$9,810
6 years$11,167$10,525$9,921$9,352$8,816$7,544
7 years$9,475$8,839$8,244$7,688$7,170$5,957
8 years$8,207$7,577$6,992$6,450$5,948$4,794
9 years$7,221$6,597$6,022$5,494$5,009$3,913
10 years$6,433$5,815$5,250$4,736$4,268$3,229
11 years$5,789$5,177$4,622$4,121$3,671$2,688
12 years$5,252$4,646$4,102$3,615$3,181$2,252
13 years$4,798$4,199$3,665$3,192$2,774$1,898
14 years$4,410$3,817$3,293$2,833$2,431$1,606
15 years$4,073$3,487$2,973$2,527$2,141$1,364
16 years$3,779$3,199$2,696$2,262$1,892$1,163
17 years$3,520$2,946$2,453$2,033$1,678$993
18 years$3,290$2,722$2,239$1,832$1,492$851
19 years$3,084$2,523$2,050$1,655$1,330$730
20 years$2,899$2,344$1,881$1,499$1,188$627
21 years$2,732$2,184$1,730$1,361$1,063$539
22 years$2,580$2,038$1,595$1,237$953$464
23 years$2,442$1,907$1,472$1,127$855$400
24 years$2,315$1,786$1,362$1,028$769$345
25 years$2,199$1,676$1,261$938$692$298
26 years$2,092$1,575$1,170$858$623$258
27 years$1,993$1,483$1,086$785$562$223
28 years$1,901$1,397$1,010$720$507$193
29 years$1,816$1,318$940$660$458$167
30 years$1,736$1,245$875$606$414$144
31 years$1,662$1,177$816$556$374$125
32 years$1,593$1,113$761$511$338$108
33 years$1,528$1,054$711$470$306$94
34 years$1,466$999$664$432$277$81
35 years$1,409$948$621$398$251$70
36 years$1,355$900$581$367$227$61
37 years$1,304$854$544$338$206$53
38 years$1,255$812$509$311$187$46
39 years$1,210$772$477$287$169$40
40 years$1,166$735$447$265$154$34
41 years$1,125$699$419$244$139$30
42 years$1,086$666$393$225$127$26
43 years$1,049$635$369$208$115$22
44 years$1,013$605$346$192$104$19
45 years$980$577$325$177$95$17
46 years$948$550$306$164$86$15
47 years$917$525$287$151$78$13
48 years$888$501$270$140$71$11
49 years$860$479$254$129$64$10
50 years$833$457$238$120$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $853,000, adding $6,312 every year, while hoping to spend $38,854 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: 63/18/19 Blend
54$853,000$853,000$853,000$853,000
55$946,517$901,308$888,086$1,001,186
56$1,001,721$904,132$876,497$1,041,571
57$1,061,254$905,791$863,217$1,080,711
58$1,125,516$906,189$848,149$1,122,549
59$1,194,948$905,221$831,191$1,167,349
60$1,270,032$902,777$812,235$1,215,407
61$1,351,300$898,738$791,170$1,267,047
62$1,439,337$892,981$767,879$1,322,627
63$1,534,786$885,373$742,239$1,382,547
64$1,638,352$875,774$714,122$1,447,243
65$1,750,813$864,036$683,394$1,517,203
66$1,873,023$850,001$649,915$1,592,962
67$2,005,924$833,503$613,539$1,675,112
68$2,150,548$814,365$574,113$1,764,309
69$2,308,035$792,400$531,476$1,861,276
70$2,479,636$767,409$485,463$1,966,812
71$2,666,731$739,184$435,898$2,081,802
72$2,870,835$707,502$382,598$2,207,220
73$3,093,620$672,129$325,375$2,344,145
74$3,336,922$632,816$264,027$2,493,765
75$3,602,765$589,301$198,350$2,657,397
76$3,893,377$541,307$128,124$2,836,491
77$4,211,210$488,539$53,124$3,032,651
78$4,558,964$430,688$0$3,247,647
79$4,939,612$367,426$0$3,488,888
80$5,356,429$298,406$0$3,764,925
81$5,813,020$223,264$0$4,067,409
82$6,313,356$141,612$0$4,399,024
83$6,861,810$53,042$0$4,762,728
84$7,463,197$0$0$5,161,784
85$8,122,822$0$0$5,608,281
86$8,846,528$0$0$6,109,743
87$9,640,751$0$0$6,660,130
88$10,512,578$0$0$7,264,363
89$11,469,818$0$0$7,927,863
90$12,521,073$0$0$8,656,599
91$13,675,818$0$0$9,457,150
92$14,944,491$0$0$10,336,760
93$16,338,592$0$0$11,303,412
94$17,870,789$0$0$12,365,901
95$19,555,037$0$0$13,533,913
96$21,406,715$0$0$14,818,124
97$23,442,760$0$0$16,230,293
98$25,681,838$0$0$17,783,375
99$28,144,512$0$0$19,491,646
100$30,853,437$0$0$21,370,833