Can I retire at age 55 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$63,090$62,528$61,980$61,445$60,922$59,839
2 years$31,233$30,651$30,087$29,541$29,011$27,923
3 years$20,615$20,031$19,469$18,927$18,406$17,347
4 years$15,307$14,725$14,168$13,636$13,127$12,107
5 years$12,123$11,544$10,995$10,474$9,979$8,999
6 years$10,001$9,427$8,886$8,376$7,896$6,958
7 years$8,486$7,917$7,384$6,886$6,422$5,525
8 years$7,351$6,786$6,262$5,777$5,327$4,473
9 years$6,468$5,908$5,394$4,920$4,486$3,673
10 years$5,762$5,208$4,702$4,242$3,823$3,050
11 years$5,185$4,636$4,140$3,691$3,288$2,554
12 years$4,704$4,161$3,674$3,238$2,849$2,154
13 years$4,298$3,761$3,282$2,859$2,484$1,827
14 years$3,950$3,418$2,949$2,537$2,178$1,557
15 years$3,648$3,123$2,663$2,263$1,917$1,332
16 years$3,385$2,865$2,414$2,026$1,695$1,143
17 years$3,153$2,639$2,197$1,821$1,503$984
18 years$2,946$2,438$2,005$1,641$1,336$848
19 years$2,762$2,260$1,836$1,483$1,191$733
20 years$2,597$2,100$1,685$1,343$1,064$635
21 years$2,447$1,956$1,550$1,219$952$550
22 years$2,311$1,826$1,428$1,108$853$477
23 years$2,187$1,708$1,319$1,009$766$415
24 years$2,074$1,600$1,220$920$688$361
25 years$1,970$1,501$1,130$840$619$314
26 years$1,874$1,411$1,048$769$558$273
27 years$1,785$1,328$973$703$503$238
28 years$1,703$1,251$904$644$454$208
29 years$1,626$1,181$842$591$410$181
30 years$1,555$1,115$784$542$370$158
31 years$1,489$1,054$731$498$335$138
32 years$1,427$997$682$458$303$120
33 years$1,368$944$637$421$274$105
34 years$1,313$895$595$387$248$92
35 years$1,262$849$556$357$225$80
36 years$1,213$806$520$328$204$70
37 years$1,168$765$487$303$185$61
38 years$1,124$727$456$279$167$54
39 years$1,083$692$427$257$152$47
40 years$1,045$658$400$237$138$41
41 years$1,008$626$376$219$125$36
42 years$973$597$352$202$113$31
43 years$939$568$331$186$103$27
44 years$908$542$310$172$93$24
45 years$878$517$291$159$85$21
46 years$849$493$274$147$77$18
47 years$821$470$257$136$70$16
48 years$795$449$242$125$63$14
49 years$770$429$227$116$58$12
50 years$746$410$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $764,000, adding $5,817 every year, while hoping to spend $52,537 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: 54/16/30 Blend
54$764,000$764,000$764,000$764,000
55$847,928$807,436$795,594$886,341
56$878,518$791,102$766,348$897,252
57$910,467$772,206$734,361$903,304
58$943,859$750,568$699,486$908,862
59$978,783$725,996$661,569$913,901
60$1,015,336$698,288$620,449$918,395
61$1,053,625$667,229$575,959$922,318
62$1,093,763$632,591$527,922$925,646
63$1,135,875$594,136$476,155$928,356
64$1,180,094$551,608$420,466$930,425
65$1,226,566$504,740$360,654$931,833
66$1,275,451$453,247$296,511$932,564
67$1,326,921$396,830$227,819$932,601
68$1,381,165$335,172$154,348$931,932
69$1,438,386$267,939$75,861$930,551
70$1,498,809$194,775$0$928,453
71$1,562,677$115,308$0$928,168
72$1,630,255$29,144$0$953,256
73$1,701,835$0$0$979,510
74$1,777,732$0$0$1,018,336
75$1,858,293$0$0$1,065,031
76$1,943,898$0$0$1,114,687
77$2,034,960$0$0$1,167,550
78$2,131,933$0$0$1,223,890
79$2,235,314$0$0$1,283,999
80$2,345,646$0$0$1,348,200
81$2,463,525$0$0$1,416,847
82$2,589,605$0$0$1,490,326
83$2,724,601$0$0$1,569,063
84$2,869,299$0$0$1,653,522
85$3,024,559$0$0$1,744,216
86$3,191,328$0$0$1,841,704
87$3,370,643$0$0$1,946,603
88$3,563,642$0$0$2,059,588
89$3,771,577$0$0$2,181,402
90$3,995,822$0$0$2,312,861
91$4,237,884$0$0$2,454,862
92$4,499,424$0$0$2,608,387
93$4,782,263$0$0$2,774,522
94$5,088,404$0$0$2,954,454
95$5,420,050$0$0$3,149,493
96$5,779,621$0$0$3,361,076
97$6,169,780$0$0$3,590,787
98$6,593,456$0$0$3,840,365
99$7,053,869$0$0$4,111,725
100$7,554,562$0$0$4,406,972