Can I retire at age 55 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$63,338$62,774$62,224$61,686$61,162$59,586
2 years$31,356$30,772$30,206$29,657$29,125$27,548
3 years$20,696$20,110$19,545$19,001$18,478$16,949
4 years$15,367$14,783$14,224$13,689$13,179$11,710
5 years$12,171$11,590$11,038$10,515$10,018$8,613
6 years$10,041$9,464$8,921$8,409$7,927$6,587
7 years$8,520$7,948$7,413$6,913$6,447$5,172
8 years$7,380$6,813$6,287$5,799$5,348$4,139
9 years$6,493$5,932$5,415$4,940$4,504$3,358
10 years$5,784$5,229$4,721$4,258$3,838$2,754
11 years$5,205$4,655$4,156$3,706$3,300$2,277
12 years$4,722$4,178$3,688$3,251$2,860$1,896
13 years$4,314$3,775$3,295$2,870$2,494$1,587
14 years$3,965$3,432$2,961$2,547$2,186$1,334
15 years$3,663$3,135$2,673$2,272$1,925$1,125
16 years$3,398$2,876$2,424$2,034$1,701$952
17 years$3,165$2,649$2,206$1,828$1,508$808
18 years$2,958$2,448$2,013$1,647$1,341$686
19 years$2,773$2,269$1,843$1,488$1,196$584
20 years$2,607$2,108$1,692$1,348$1,068$498
21 years$2,457$1,964$1,556$1,223$956$425
22 years$2,320$1,833$1,434$1,112$857$364
23 years$2,196$1,714$1,324$1,013$769$311
24 years$2,082$1,606$1,224$924$691$266
25 years$1,977$1,507$1,134$844$622$228
26 years$1,881$1,417$1,052$772$560$195
27 years$1,792$1,333$977$706$505$168
28 years$1,709$1,256$908$647$456$144
29 years$1,633$1,185$845$593$412$123
30 years$1,561$1,119$787$545$372$106
31 years$1,495$1,058$734$500$336$91
32 years$1,432$1,001$685$460$304$78
33 years$1,374$948$639$423$275$67
34 years$1,319$899$597$389$249$58
35 years$1,267$852$558$358$226$49
36 years$1,218$809$522$330$204$42
37 years$1,172$768$489$304$185$37
38 years$1,129$730$458$280$168$31
39 years$1,088$694$429$258$152$27
40 years$1,049$661$402$238$138$23
41 years$1,012$629$377$220$125$20
42 years$977$599$354$203$114$17
43 years$943$571$332$187$103$15
44 years$911$544$311$173$94$13
45 years$881$519$292$160$85$11
46 years$852$495$275$147$77$9
47 years$825$472$258$136$70$8
48 years$798$451$243$126$64$7
49 years$773$430$228$116$58$6
50 years$749$411$214$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $767,000, adding $3,035 every year, while hoping to spend $26,590 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: 34/38/28 Blend
54$767,000$767,000$767,000$767,000
55$848,365$807,714$795,825$869,936
56$906,606$819,000$794,194$897,754
57$969,897$829,948$791,616$925,142
58$1,038,725$840,514$788,034$954,163
59$1,113,625$850,649$783,383$984,980
60$1,195,186$860,302$777,598$1,017,775
61$1,284,058$869,420$770,610$1,052,749
62$1,380,954$877,944$762,347$1,090,126
63$1,486,660$885,811$752,735$1,130,154
64$1,602,041$892,958$741,693$1,173,107
65$1,728,048$899,312$729,139$1,219,291
66$1,865,730$904,799$714,986$1,269,044
67$2,016,240$909,340$699,144$1,322,739
68$2,180,849$912,851$681,518$1,380,792
69$2,360,955$915,240$662,008$1,443,661
70$2,558,099$916,412$640,511$1,511,857
71$2,773,975$916,266$616,918$1,585,942
72$3,010,451$914,694$591,116$1,666,541
73$3,269,584$911,581$562,985$1,754,343
74$3,553,639$906,806$532,402$1,850,114
75$3,865,110$900,239$499,238$1,954,699
76$4,206,744$891,744$463,355$2,069,033
77$4,581,568$881,176$424,614$2,194,152
78$4,992,915$868,380$382,865$2,331,201
79$5,444,456$853,195$337,955$2,481,446
80$5,940,235$835,446$289,722$2,646,285
81$6,484,708$814,952$237,996$2,827,269
82$7,082,783$791,518$182,603$3,026,106
83$7,739,864$764,941$123,358$3,244,687
84$8,461,910$735,002$60,070$3,485,104
85$9,255,480$701,472$0$3,749,663
86$10,127,803$664,109$0$4,043,150
87$11,086,844$622,655$0$4,385,447
88$12,141,376$576,839$0$4,761,767
89$13,301,066$526,374$0$5,175,619
90$14,576,565$470,956$0$5,630,869
91$15,979,606$410,265$0$6,131,788
92$17,523,119$343,961$0$6,683,083
93$19,221,348$271,686$0$7,289,948
94$21,089,989$193,062$0$7,958,113
95$23,146,335$107,690$0$8,693,898
96$25,409,442$15,147$0$9,504,272
97$27,900,304$0$0$10,396,924
98$30,642,056$0$0$11,415,882
99$33,660,187$0$0$12,544,666
100$36,982,787$0$0$13,787,463