Can I retire at age 55 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$63,256$62,692$62,142$61,606$61,082$60,545
2 years$31,315$30,731$30,166$29,618$29,087$28,545
3 years$20,669$20,083$19,520$18,977$18,454$17,925
4 years$15,347$14,763$14,205$13,672$13,161$12,650
5 years$12,155$11,575$11,024$10,501$10,005$9,511
6 years$10,028$9,452$8,909$8,398$7,917$7,442
7 years$8,509$7,937$7,403$6,904$6,438$5,983
8 years$7,370$6,804$6,279$5,792$5,341$4,905
9 years$6,485$5,924$5,408$4,933$4,498$4,080
10 years$5,777$5,222$4,715$4,253$3,833$3,433
11 years$5,198$4,649$4,151$3,701$3,296$2,915
12 years$4,716$4,172$3,684$3,246$2,856$2,494
13 years$4,309$3,771$3,291$2,866$2,491$2,146
14 years$3,960$3,427$2,957$2,544$2,183$1,855
15 years$3,658$3,131$2,670$2,269$1,922$1,611
16 years$3,394$2,873$2,421$2,032$1,699$1,404
17 years$3,161$2,646$2,203$1,825$1,507$1,227
18 years$2,954$2,445$2,011$1,645$1,340$1,075
19 years$2,769$2,266$1,841$1,486$1,194$944
20 years$2,603$2,105$1,689$1,346$1,066$831
21 years$2,453$1,961$1,554$1,222$954$732
22 years$2,317$1,831$1,432$1,111$855$646
23 years$2,193$1,712$1,322$1,012$768$571
24 years$2,079$1,604$1,223$923$690$505
25 years$1,975$1,505$1,133$843$621$447
26 years$1,879$1,415$1,050$771$559$396
27 years$1,790$1,331$975$705$504$351
28 years$1,707$1,255$907$646$455$312
29 years$1,631$1,184$844$593$411$277
30 years$1,559$1,118$786$544$371$246
31 years$1,493$1,057$733$499$336$219
32 years$1,430$1,000$684$459$304$194
33 years$1,372$947$638$422$275$173
34 years$1,317$897$596$388$249$154
35 years$1,265$851$558$358$225$137
36 years$1,217$808$522$329$204$122
37 years$1,171$767$488$303$185$109
38 years$1,127$729$457$280$168$97
39 years$1,086$693$428$258$152$86
40 years$1,047$660$402$238$138$77
41 years$1,010$628$377$219$125$68
42 years$975$598$353$202$114$61
43 years$942$570$331$187$103$54
44 years$910$543$311$173$94$48
45 years$880$518$292$159$85$43
46 years$851$494$274$147$77$38
47 years$823$472$258$136$70$34
48 years$797$450$242$126$64$31
49 years$772$430$228$116$58$27
50 years$748$411$214$107$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $766,000, adding $3,406 every year, while hoping to spend $57,254 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: 76/17/7 Blend
54$766,000$766,000$766,000$766,000
55$847,645$807,047$795,174$911,058
56$873,187$785,675$760,895$931,841
57$899,416$761,336$723,548$946,935
58$926,340$733,826$682,971$961,817
59$953,969$702,925$638,993$976,445
60$982,310$668,405$591,435$990,770
61$1,011,369$630,020$540,112$1,004,742
62$1,041,152$587,514$484,829$1,018,304
63$1,071,661$540,614$425,382$1,031,395
64$1,102,898$489,032$361,560$1,043,951
65$1,134,862$432,463$293,140$1,055,900
66$1,167,549$370,585$219,892$1,067,167
67$1,200,954$303,058$141,573$1,077,667
68$1,235,067$229,524$57,932$1,087,311
69$1,269,876$149,602$0$1,096,001
70$1,305,363$62,892$0$1,105,974
71$1,341,507$0$0$1,119,543
72$1,378,283$0$0$1,138,082
73$1,415,658$0$0$1,168,872
74$1,453,594$0$0$1,200,116
75$1,492,046$0$0$1,231,776
76$1,530,961$0$0$1,263,806
77$1,570,278$0$0$1,296,154
78$1,609,924$0$0$1,328,761
79$1,649,817$0$0$1,361,556
80$1,689,864$0$0$1,394,459
81$1,729,956$0$0$1,427,381
82$1,769,970$0$0$1,460,217
83$1,809,769$0$0$1,492,850
84$1,849,193$0$0$1,525,149
85$1,888,066$0$0$1,556,962
86$1,926,187$0$0$1,588,123
87$1,963,330$0$0$1,618,441
88$1,999,244$0$0$1,647,704
89$2,033,643$0$0$1,675,673
90$2,066,212$0$0$1,702,082
91$2,096,594$0$0$1,726,633
92$2,124,394$0$0$1,748,992
93$2,149,168$0$0$1,768,789
94$2,170,424$0$0$1,785,610
95$2,187,613$0$0$1,798,992
96$2,200,123$0$0$1,808,424
97$2,207,274$0$0$1,813,335
98$2,208,311$0$0$1,813,092
99$2,202,394$0$0$1,806,989
100$2,188,592$0$0$1,794,246