Can I retire at age 55 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$70,523$69,894$69,281$68,683$68,099$66,999
2 years$34,912$34,262$33,632$33,021$32,428$31,322
3 years$23,044$22,391$21,762$21,157$20,574$19,497
4 years$17,110$16,459$15,837$15,242$14,673$13,634
5 years$13,551$12,904$12,290$11,708$11,154$10,156
6 years$11,180$10,537$9,932$9,363$8,826$7,869
7 years$9,486$8,849$8,254$7,697$7,178$6,263
8 years$8,217$7,585$7,000$6,457$5,955$5,082
9 years$7,230$6,605$6,029$5,500$5,015$4,183
10 years$6,441$5,822$5,256$4,741$4,273$3,482
11 years$5,795$5,183$4,628$4,126$3,675$2,923
12 years$5,258$4,652$4,107$3,619$3,185$2,472
13 years$4,804$4,204$3,669$3,195$2,777$2,102
14 years$4,415$3,821$3,297$2,836$2,434$1,796
15 years$4,078$3,491$2,977$2,530$2,143$1,541
16 years$3,784$3,203$2,699$2,265$1,894$1,326
17 years$3,524$2,949$2,456$2,035$1,680$1,144
18 years$3,294$2,725$2,242$1,834$1,493$990
19 years$3,088$2,526$2,052$1,657$1,331$858
20 years$2,902$2,347$1,883$1,501$1,189$745
21 years$2,735$2,186$1,732$1,362$1,064$648
22 years$2,583$2,041$1,597$1,239$954$564
23 years$2,445$1,909$1,474$1,128$856$491
24 years$2,318$1,788$1,363$1,029$770$429
25 years$2,202$1,678$1,263$940$692$374
26 years$2,094$1,577$1,171$859$624$327
27 years$1,995$1,484$1,088$786$562$286
28 years$1,903$1,399$1,011$720$507$250
29 years$1,818$1,320$941$661$458$219
30 years$1,738$1,246$876$606$414$192
31 years$1,664$1,178$817$557$374$168
32 years$1,595$1,115$762$512$339$147
33 years$1,529$1,056$712$471$306$129
34 years$1,468$1,001$665$433$277$113
35 years$1,411$949$622$399$251$99
36 years$1,356$901$582$367$228$87
37 years$1,305$855$544$338$206$76
38 years$1,257$813$510$312$187$67
39 years$1,211$773$478$287$170$59
40 years$1,168$736$448$265$154$51
41 years$1,126$700$420$245$140$45
42 years$1,087$667$394$226$127$40
43 years$1,050$635$369$208$115$35
44 years$1,015$606$347$192$104$30
45 years$981$577$326$178$95$27
46 years$949$551$306$164$86$23
47 years$918$526$287$152$78$21
48 years$889$502$270$140$71$18
49 years$861$479$254$130$64$16
50 years$834$458$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $854,000, adding $2,683 every year, while hoping to spend $49,454 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: 63/30/7 Blend
54$854,000$854,000$854,000$854,000
55$943,876$898,614$885,377$1,001,916
56$987,532$890,027$862,418$1,032,365
57$1,033,984$879,362$837,033$1,059,557
58$1,083,465$866,465$809,088$1,087,968
59$1,136,229$851,172$778,443$1,117,714
60$1,192,556$833,311$744,952$1,148,923
61$1,252,751$812,699$708,463$1,181,741
62$1,317,152$789,140$668,816$1,216,327
63$1,386,124$762,431$625,844$1,252,860
64$1,460,072$732,354$579,374$1,291,539
65$1,539,439$698,679$529,222$1,332,588
66$1,624,710$661,162$475,199$1,376,251
67$1,716,419$619,548$417,107$1,422,806
68$1,815,150$573,562$354,737$1,472,557
69$1,921,548$522,919$287,872$1,525,845
70$2,036,317$467,313$216,287$1,583,048
71$2,160,234$406,424$139,746$1,644,588
72$2,294,151$339,912$58,000$1,710,931
73$2,439,005$267,419$0$1,782,596
74$2,595,827$188,565$0$1,862,344
75$2,765,747$102,951$0$1,953,396
76$2,950,012$10,154$0$2,052,147
77$3,149,989$0$0$2,159,407
78$3,367,185$0$0$2,305,873
79$3,603,256$0$0$2,468,765
80$3,860,023$0$0$2,645,994
81$4,139,491$0$0$2,838,951
82$4,443,867$0$0$3,049,167
83$4,775,576$0$0$3,278,324
84$5,137,290$0$0$3,528,277
85$5,531,949$0$0$3,801,065
86$5,962,789$0$0$4,098,935
87$6,433,373$0$0$4,424,357
88$6,947,620$0$0$4,780,053
89$7,509,849$0$0$5,169,019
90$8,124,813$0$0$5,594,554
91$8,797,746$0$0$6,060,289
92$9,534,410$0$0$6,570,225
93$10,341,151$0$0$7,128,766
94$11,224,959$0$0$7,740,761
95$12,193,528$0$0$8,411,554
96$13,255,336$0$0$9,147,026
97$14,419,717$0$0$9,953,657
98$15,696,954$0$0$10,838,584
99$17,098,372$0$0$11,809,668
100$18,636,444$0$0$12,875,567