Can I retire at age 55 with 768,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$63,421$62,856$62,305$61,767$61,241$58,881
2 years$31,396$30,812$30,245$29,696$29,163$26,813
3 years$20,723$20,136$19,571$19,026$18,502$16,237
4 years$15,387$14,802$14,242$13,707$13,196$11,032
5 years$12,187$11,605$11,053$10,529$10,031$7,975
6 years$10,054$9,476$8,932$8,420$7,937$5,990
7 years$8,531$7,958$7,423$6,922$6,455$4,616
8 years$7,389$6,822$6,295$5,807$5,355$3,622
9 years$6,502$5,939$5,422$4,946$4,510$2,880
10 years$5,792$5,235$4,727$4,264$3,843$2,314
11 years$5,212$4,661$4,162$3,711$3,305$1,873
12 years$4,729$4,183$3,693$3,255$2,864$1,525
13 years$4,320$3,780$3,300$2,873$2,497$1,248
14 years$3,970$3,436$2,965$2,551$2,189$1,026
15 years$3,667$3,139$2,677$2,275$1,927$845
16 years$3,403$2,880$2,427$2,037$1,704$698
17 years$3,169$2,652$2,208$1,830$1,510$578
18 years$2,962$2,451$2,016$1,649$1,343$479
19 years$2,777$2,272$1,846$1,490$1,197$398
20 years$2,610$2,111$1,694$1,350$1,069$331
21 years$2,460$1,966$1,558$1,225$957$276
22 years$2,323$1,835$1,436$1,114$858$229
23 years$2,199$1,717$1,326$1,014$770$191
24 years$2,085$1,608$1,226$925$692$159
25 years$1,980$1,509$1,136$845$623$133
26 years$1,884$1,418$1,053$773$561$111
27 years$1,794$1,335$978$707$506$93
28 years$1,712$1,258$909$648$456$77
29 years$1,635$1,187$846$594$412$65
30 years$1,563$1,121$788$545$372$54
31 years$1,496$1,059$735$501$337$45
32 years$1,434$1,002$685$460$304$38
33 years$1,375$949$640$423$276$31
34 years$1,320$900$598$389$249$26
35 years$1,269$853$559$358$226$22
36 years$1,220$810$523$330$205$18
37 years$1,174$769$490$304$186$15
38 years$1,130$731$458$280$168$13
39 years$1,089$695$430$259$153$11
40 years$1,050$661$403$238$138$9
41 years$1,013$630$377$220$126$8
42 years$978$600$354$203$114$6
43 years$944$571$332$187$103$5
44 years$912$545$312$173$94$4
45 years$882$519$293$160$85$4
46 years$853$495$275$148$77$3
47 years$826$473$258$136$70$3
48 years$799$451$243$126$64$2
49 years$774$431$228$116$58$2
50 years$750$412$215$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $768,000, adding $2,206 every year, while hoping to spend $43,741 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: 51/39/10 Blend
54$768,000$768,000$768,000$768,000
55$848,611$807,907$796,003$889,557
56$888,630$800,955$776,130$910,786
57$931,264$792,196$754,124$928,998
58$976,735$781,495$729,869$947,782
59$1,025,283$768,710$703,241$967,201
60$1,077,175$753,690$674,113$987,330
61$1,132,700$736,274$642,349$1,008,252
62$1,192,177$716,293$607,809$1,030,062
63$1,255,955$693,566$570,346$1,052,869
64$1,324,416$667,905$529,806$1,076,793
65$1,397,982$639,108$486,030$1,101,973
66$1,477,113$606,961$438,849$1,128,563
67$1,562,317$571,240$388,089$1,156,738
68$1,654,149$531,707$333,566$1,186,695
69$1,753,221$488,110$275,089$1,218,654
70$1,860,205$440,182$212,460$1,252,864
71$1,975,838$387,643$145,469$1,289,603
72$2,100,931$330,195$73,900$1,329,182
73$2,236,375$267,524$0$1,371,951
74$2,383,151$199,299$0$1,418,565
75$2,542,336$125,168$0$1,477,629
76$2,715,115$44,762$0$1,541,764
77$2,902,792$0$0$1,611,541
78$3,106,800$0$0$1,705,756
79$3,328,717$0$0$1,829,207
80$3,570,277$0$0$1,963,658
81$3,833,390$0$0$2,110,182
82$4,120,157$0$0$2,269,957
83$4,432,892$0$0$2,444,281
84$4,774,138$0$0$2,634,585
85$5,146,698$0$0$2,842,441
86$5,553,655$0$0$3,069,581
87$5,998,404$0$0$3,317,911
88$6,484,684$0$0$3,589,531
89$7,016,609$0$0$3,886,751
90$7,598,711$0$0$4,212,117
91$8,235,980$0$0$4,568,432
92$8,933,909$0$0$4,958,780
93$9,698,549$0$0$5,386,562
94$10,536,564$0$0$5,855,521
95$11,455,292$0$0$6,369,778
96$12,462,817$0$0$6,933,875
97$13,568,041$0$0$7,552,813
98$14,780,769$0$0$8,232,100
99$16,111,801$0$0$8,977,805
100$17,573,037$0$0$9,796,612