Can I retire at age 55 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$63,173$62,610$62,061$61,525$61,002$60,240
2 years$31,274$30,691$30,127$29,580$29,049$28,282
3 years$20,642$20,057$19,494$18,952$18,430$17,682
4 years$15,327$14,744$14,187$13,654$13,144$12,421
5 years$12,139$11,560$11,009$10,487$9,992$9,296
6 years$10,015$9,439$8,897$8,387$7,906$7,238
7 years$8,498$7,927$7,394$6,895$6,430$5,790
8 years$7,360$6,795$6,270$5,784$5,334$4,722
9 years$6,476$5,916$5,401$4,927$4,492$3,908
10 years$5,769$5,215$4,708$4,247$3,828$3,270
11 years$5,191$4,642$4,145$3,696$3,292$2,761
12 years$4,710$4,167$3,679$3,242$2,853$2,349
13 years$4,303$3,766$3,287$2,862$2,488$2,009
14 years$3,955$3,423$2,953$2,541$2,181$1,727
15 years$3,653$3,127$2,666$2,266$1,920$1,490
16 years$3,389$2,869$2,417$2,029$1,697$1,291
17 years$3,157$2,642$2,200$1,823$1,505$1,121
18 years$2,950$2,441$2,008$1,643$1,338$976
19 years$2,766$2,263$1,838$1,484$1,192$851
20 years$2,600$2,103$1,687$1,344$1,065$744
21 years$2,450$1,958$1,552$1,220$953$651
22 years$2,314$1,828$1,430$1,109$854$571
23 years$2,190$1,710$1,321$1,010$767$501
24 years$2,077$1,602$1,221$922$689$440
25 years$1,972$1,503$1,131$842$620$387
26 years$1,876$1,413$1,049$770$559$341
27 years$1,787$1,330$974$704$504$300
28 years$1,705$1,253$906$645$455$264
29 years$1,628$1,182$843$592$410$233
30 years$1,557$1,116$785$543$371$205
31 years$1,491$1,055$732$499$335$181
32 years$1,428$999$683$458$303$160
33 years$1,370$946$638$422$274$141
34 years$1,315$896$596$388$249$125
35 years$1,264$850$557$357$225$110
36 years$1,215$807$521$329$204$97
37 years$1,169$766$488$303$185$86
38 years$1,126$728$457$279$168$76
39 years$1,085$693$428$257$152$67
40 years$1,046$659$401$237$138$59
41 years$1,009$627$376$219$125$53
42 years$974$597$353$202$113$46
43 years$941$569$331$187$103$41
44 years$909$542$311$172$93$36
45 years$879$517$292$159$85$32
46 years$850$493$274$147$77$28
47 years$822$471$257$136$70$25
48 years$796$450$242$126$64$22
49 years$771$429$227$116$58$20
50 years$747$410$214$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $765,000, adding $4,901 every year, while hoping to spend $20,498 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: 54/33/13 Blend
54$765,000$765,000$765,000$765,000
55$848,085$807,540$795,683$890,747
56$912,780$825,300$800,529$938,075
57$983,387$843,243$804,850$986,936
58$1,060,487$861,357$808,607$1,039,645
59$1,144,721$879,627$811,759$1,096,574
60$1,236,792$898,038$814,262$1,158,131
61$1,337,477$916,574$816,072$1,224,765
62$1,447,629$935,216$817,140$1,296,972
63$1,568,189$953,944$817,416$1,375,297
64$1,700,193$972,735$816,848$1,460,344
65$1,844,781$991,568$815,381$1,552,774
66$2,003,209$1,010,414$812,956$1,653,318
67$2,176,859$1,029,248$809,513$1,762,781
68$2,367,255$1,048,038$804,989$1,882,052
69$2,576,075$1,066,751$799,316$2,012,108
70$2,805,167$1,085,354$792,425$2,154,027
71$3,056,565$1,103,808$784,242$2,308,999
72$3,332,512$1,122,072$774,692$2,478,331
73$3,635,477$1,140,102$763,693$2,663,469
74$3,968,181$1,157,852$751,162$2,866,003
75$4,333,620$1,175,271$737,010$3,087,688
76$4,735,095$1,192,305$721,146$3,330,456
77$5,176,243$1,208,897$703,472$3,596,440
78$5,661,071$1,224,984$683,890$3,887,989
79$6,193,992$1,240,499$662,291$4,207,691
80$6,779,868$1,255,373$638,568$4,558,402
81$7,424,058$1,269,530$612,603$4,943,269
82$8,132,464$1,282,889$584,277$5,365,758
83$8,911,588$1,295,363$553,463$5,829,694
84$9,768,596$1,306,862$520,030$6,339,290
85$10,711,381$1,317,286$483,839$6,899,193
86$11,748,642$1,326,533$444,748$7,514,523
87$12,889,961$1,334,491$402,605$8,190,923
88$14,145,898$1,341,042$357,253$8,934,617
89$15,528,087$1,346,061$308,528$9,752,461
90$17,049,348$1,349,413$256,260$10,652,015
91$18,723,805$1,350,958$200,268$11,641,613
92$20,567,023$1,350,545$140,367$12,730,437
93$22,596,150$1,348,013$76,360$13,928,613
94$24,830,085$1,343,193$8,046$15,247,299
95$27,289,648$1,335,904$0$16,698,796
96$29,997,784$1,325,955$0$18,305,657
97$32,979,774$1,313,143$0$20,075,605
98$36,263,477$1,297,253$0$22,024,026
99$39,879,591$1,278,057$0$24,169,109
100$43,861,941$1,255,313$0$26,530,900