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%16.9%
1 years$63,173$62,610$62,061$61,525$61,002$59,287
2 years$31,274$30,691$30,127$29,580$29,049$27,334
3 years$20,642$20,057$19,494$18,952$18,430$16,769
4 years$15,327$14,744$14,187$13,654$13,144$11,550
5 years$12,139$11,560$11,009$10,487$9,992$8,469
6 years$10,015$9,439$8,897$8,387$7,906$6,456
7 years$8,498$7,927$7,394$6,895$6,430$5,052
8 years$7,360$6,795$6,270$5,784$5,334$4,028
9 years$6,476$5,916$5,401$4,927$4,492$3,256
10 years$5,769$5,215$4,708$4,247$3,828$2,661
11 years$5,191$4,642$4,145$3,696$3,292$2,192
12 years$4,710$4,167$3,679$3,242$2,853$1,817
13 years$4,303$3,766$3,287$2,862$2,488$1,515
14 years$3,955$3,423$2,953$2,541$2,181$1,268
15 years$3,653$3,127$2,666$2,266$1,920$1,065
16 years$3,389$2,869$2,417$2,029$1,697$898
17 years$3,157$2,642$2,200$1,823$1,505$758
18 years$2,950$2,441$2,008$1,643$1,338$641
19 years$2,766$2,263$1,838$1,484$1,192$544
20 years$2,600$2,103$1,687$1,344$1,065$461
21 years$2,450$1,958$1,552$1,220$953$392
22 years$2,314$1,828$1,430$1,109$854$334
23 years$2,190$1,710$1,321$1,010$767$284
24 years$2,077$1,602$1,221$922$689$242
25 years$1,972$1,503$1,131$842$620$206
26 years$1,876$1,413$1,049$770$559$176
27 years$1,787$1,330$974$704$504$150
28 years$1,705$1,253$906$645$455$128
29 years$1,628$1,182$843$592$410$109
30 years$1,557$1,116$785$543$371$93
31 years$1,491$1,055$732$499$335$80
32 years$1,428$999$683$458$303$68
33 years$1,370$946$638$422$274$58
34 years$1,315$896$596$388$249$50
35 years$1,264$850$557$357$225$43
36 years$1,215$807$521$329$204$36
37 years$1,169$766$488$303$185$31
38 years$1,126$728$457$279$168$27
39 years$1,085$693$428$257$152$23
40 years$1,046$659$401$237$138$19
41 years$1,009$627$376$219$125$17
42 years$974$597$353$202$113$14
43 years$941$569$331$187$103$12
44 years$909$542$311$172$93$10
45 years$879$517$292$159$85$9
46 years$850$493$274$147$77$8
47 years$822$471$257$136$70$7
48 years$796$450$242$126$64$6
49 years$771$429$227$116$58$5
50 years$747$410$214$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $765,000, adding $2,252 every year, while hoping to spend $56,565 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: 70/14/16 Blend
54$765,000$765,000$765,000$765,000
55$845,353$804,808$792,950$901,227
56$871,394$784,059$759,330$917,936
57$898,196$760,397$722,687$929,235
58$925,776$733,621$682,860$940,155
59$954,152$703,515$639,683$950,652
60$983,341$669,853$592,979$960,676
61$1,013,362$632,396$542,563$970,176
62$1,044,231$590,889$488,245$979,096
63$1,075,965$545,065$429,824$987,376
64$1,108,581$494,641$367,090$994,954
65$1,142,093$439,315$299,825$1,001,760
66$1,176,518$378,773$227,800$1,007,724
67$1,211,868$312,679$150,777$1,012,767
68$1,248,158$240,679$68,508$1,016,806
69$1,285,399$162,401$0$1,019,753
70$1,323,601$77,450$0$1,024,806
71$1,362,774$0$0$1,041,267
72$1,402,923$0$0$1,059,616
73$1,444,053$0$0$1,090,632
74$1,486,166$0$0$1,122,385
75$1,529,262$0$0$1,154,871
76$1,573,337$0$0$1,188,089
77$1,618,381$0$0$1,222,031
78$1,664,384$0$0$1,256,686
79$1,711,329$0$0$1,292,042
80$1,759,193$0$0$1,328,080
81$1,807,948$0$0$1,364,777
82$1,857,560$0$0$1,402,107
83$1,907,986$0$0$1,440,035
84$1,959,175$0$0$1,478,521
85$2,011,068$0$0$1,517,518
86$2,063,594$0$0$1,556,972
87$2,116,671$0$0$1,596,816
88$2,170,203$0$0$1,636,977
89$2,224,080$0$0$1,677,369
90$2,278,178$0$0$1,717,894
91$2,332,351$0$0$1,758,439
92$2,386,437$0$0$1,798,878
93$2,440,249$0$0$1,839,065
94$2,493,578$0$0$1,878,837
95$2,546,186$0$0$1,918,011
96$2,597,805$0$0$1,956,377
97$2,648,134$0$0$1,993,702
98$2,696,835$0$0$2,029,725
99$2,743,530$0$0$2,064,150
100$2,787,793$0$0$2,096,651