Can I retire at age 55 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$70,605$69,976$69,363$68,764$68,179$67,664
2 years$34,953$34,302$33,671$33,059$32,466$31,947
3 years$23,071$22,417$21,787$21,182$20,598$20,091
4 years$17,130$16,479$15,856$15,260$14,691$14,199
5 years$13,567$12,920$12,305$11,721$11,168$10,693
6 years$11,193$10,550$9,944$9,374$8,836$8,380
7 years$9,497$8,860$8,264$7,707$7,186$6,748
8 years$8,226$7,594$7,008$6,465$5,962$5,542
9 years$7,238$6,612$6,036$5,507$5,021$4,618
10 years$6,448$5,828$5,262$4,747$4,278$3,893
11 years$5,802$5,189$4,633$4,131$3,679$3,312
12 years$5,264$4,657$4,112$3,624$3,188$2,838
13 years$4,810$4,209$3,673$3,199$2,780$2,447
14 years$4,420$3,826$3,301$2,840$2,437$2,120
15 years$4,083$3,495$2,980$2,533$2,146$1,844
16 years$3,788$3,206$2,702$2,268$1,897$1,611
17 years$3,528$2,953$2,459$2,037$1,682$1,411
18 years$3,297$2,729$2,244$1,836$1,495$1,239
19 years$3,091$2,529$2,055$1,659$1,333$1,090
20 years$2,906$2,350$1,886$1,503$1,190$961
21 years$2,738$2,189$1,734$1,364$1,065$849
22 years$2,586$2,043$1,599$1,240$955$751
23 years$2,448$1,911$1,476$1,129$857$665
24 years$2,321$1,790$1,365$1,030$770$590
25 years$2,204$1,680$1,264$941$693$523
26 years$2,097$1,579$1,173$860$624$465
27 years$1,998$1,486$1,089$787$563$413
28 years$1,906$1,400$1,012$721$508$368
29 years$1,820$1,321$942$661$459$327
30 years$1,740$1,248$877$607$414$291
31 years$1,666$1,179$818$557$375$260
32 years$1,596$1,116$763$512$339$231
33 years$1,531$1,057$713$471$307$206
34 years$1,470$1,002$666$433$278$184
35 years$1,412$950$622$399$252$164
36 years$1,358$902$582$368$228$147
37 years$1,307$856$545$339$207$131
38 years$1,258$814$510$312$187$117
39 years$1,212$774$478$288$170$104
40 years$1,169$736$448$265$154$93
41 years$1,128$701$420$245$140$83
42 years$1,089$668$394$226$127$74
43 years$1,051$636$370$209$115$67
44 years$1,016$606$347$193$104$59
45 years$982$578$326$178$95$53
46 years$950$552$306$164$86$47
47 years$919$526$288$152$78$42
48 years$890$502$270$140$71$38
49 years$862$480$254$130$64$34
50 years$835$458$239$120$59$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $855,000, adding $2,211 every year, while hoping to spend $30,939 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: 43/29/28 Blend
54$855,000$855,000$855,000$855,000
55$944,491$899,176$885,923$977,309
56$1,007,910$910,316$882,683$1,012,187
57$1,076,761$920,966$878,297$1,046,853
58$1,151,565$931,068$872,694$1,083,824
59$1,232,896$940,562$865,801$1,123,331
60$1,321,385$949,382$857,538$1,165,631
61$1,417,725$957,461$847,825$1,211,009
62$1,522,682$964,726$836,576$1,259,780
63$1,637,095$971,097$823,701$1,312,292
64$1,761,889$976,491$809,106$1,368,932
65$1,898,084$980,822$792,693$1,430,127
66$2,046,800$983,993$774,359$1,496,349
67$2,209,271$985,906$753,998$1,568,122
68$2,386,855$986,454$731,495$1,646,026
69$2,581,049$985,525$706,735$1,730,700
70$2,793,498$982,998$679,593$1,822,853
71$3,026,017$978,746$649,941$1,923,268
72$3,280,601$972,635$617,644$2,032,812
73$3,559,449$964,522$582,563$2,152,442
74$3,864,984$954,254$544,549$2,283,217
75$4,199,870$941,671$503,450$2,426,307
76$4,567,046$926,602$459,104$2,583,006
77$4,969,746$908,866$411,345$2,754,743
78$5,411,532$888,272$359,997$2,943,099
79$5,896,328$864,618$304,877$3,149,816
80$6,428,458$837,689$245,795$3,376,825
81$7,012,682$807,257$182,551$3,626,253
82$7,654,246$773,082$114,936$3,900,454
83$8,358,926$734,911$42,734$4,202,024
84$9,133,088$692,473$0$4,533,833
85$9,983,744$645,485$0$4,909,302
86$10,918,618$593,646$0$5,335,965
87$11,946,219$536,637$0$5,804,978
88$13,075,924$474,122$0$6,320,680
89$14,318,061$405,747$0$6,887,858
90$15,684,010$331,136$0$7,511,789
91$17,186,310$249,892$0$8,198,293
92$18,838,774$161,597$0$8,953,788
93$20,656,622$65,809$0$9,785,351
94$22,656,624$0$0$10,700,786
95$24,857,257$0$0$11,720,804
96$27,278,878$0$0$12,866,485
97$29,943,920$0$0$14,127,455
98$32,877,097$0$0$15,515,425
99$36,105,644$0$0$17,043,297
100$39,659,568$0$0$18,725,289