Can I retire at age 55 with 768,000?

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 $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%11%
1 years$63,421$62,856$62,305$61,767$61,241$60,983
2 years$31,396$30,812$30,245$29,696$29,163$28,902
3 years$20,723$20,136$19,571$19,026$18,502$18,247
4 years$15,387$14,802$14,242$13,707$13,196$12,948
5 years$12,187$11,605$11,053$10,529$10,031$9,792
6 years$10,054$9,476$8,932$8,420$7,937$7,707
7 years$8,531$7,958$7,423$6,922$6,455$6,233
8 years$7,389$6,822$6,295$5,807$5,355$5,142
9 years$6,502$5,939$5,422$4,946$4,510$4,306
10 years$5,792$5,235$4,727$4,264$3,843$3,647
11 years$5,212$4,661$4,162$3,711$3,305$3,118
12 years$4,729$4,183$3,693$3,255$2,864$2,685
13 years$4,320$3,780$3,300$2,873$2,497$2,327
14 years$3,970$3,436$2,965$2,551$2,189$2,026
15 years$3,667$3,139$2,677$2,275$1,927$1,772
16 years$3,403$2,880$2,427$2,037$1,704$1,556
17 years$3,169$2,652$2,208$1,830$1,510$1,370
18 years$2,962$2,451$2,016$1,649$1,343$1,210
19 years$2,777$2,272$1,846$1,490$1,197$1,071
20 years$2,610$2,111$1,694$1,350$1,069$950
21 years$2,460$1,966$1,558$1,225$957$844
22 years$2,323$1,835$1,436$1,114$858$751
23 years$2,199$1,717$1,326$1,014$770$669
24 years$2,085$1,608$1,226$925$692$597
25 years$1,980$1,509$1,136$845$623$533
26 years$1,884$1,418$1,053$773$561$476
27 years$1,794$1,335$978$707$506$426
28 years$1,712$1,258$909$648$456$382
29 years$1,635$1,187$846$594$412$342
30 years$1,563$1,121$788$545$372$306
31 years$1,496$1,059$735$501$337$275
32 years$1,434$1,002$685$460$304$247
33 years$1,375$949$640$423$276$221
34 years$1,320$900$598$389$249$199
35 years$1,269$853$559$358$226$179
36 years$1,220$810$523$330$205$160
37 years$1,174$769$490$304$186$144
38 years$1,130$731$458$280$168$130
39 years$1,089$695$430$259$153$117
40 years$1,050$661$403$238$138$105
41 years$1,013$630$377$220$126$94
42 years$978$600$354$203$114$85
43 years$944$571$332$187$103$76
44 years$912$545$312$173$94$69
45 years$882$519$293$160$85$62
46 years$853$495$275$148$77$56
47 years$826$473$258$136$70$50
48 years$799$451$243$126$64$45
49 years$774$431$228$116$58$41
50 years$750$412$215$108$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $768,000, adding $6,703 every year, while hoping to spend $28,288 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: 60/13/27 Blend
54$768,000$768,000$768,000$768,000
55$853,250$812,546$800,642$897,861
56$910,183$822,263$797,365$938,752
57$971,976$831,507$793,031$979,733
58$1,039,093$840,227$787,573$1,023,852
59$1,112,048$848,365$780,924$1,071,421
60$1,191,403$855,861$773,011$1,122,785
61$1,277,779$862,652$763,760$1,178,324
62$1,371,859$868,667$753,092$1,238,457
63$1,474,392$873,836$740,925$1,303,650
64$1,586,206$878,080$727,172$1,374,412
65$1,708,210$881,317$711,743$1,451,310
66$1,841,405$883,459$694,544$1,534,968
67$1,986,893$884,413$675,476$1,626,073
68$2,145,887$884,081$654,435$1,725,385
69$2,319,723$882,356$631,315$1,833,744
70$2,509,872$879,129$606,000$1,952,075
71$2,717,952$874,279$578,374$2,081,400
72$2,945,747$867,682$548,313$2,222,845
73$3,195,219$859,205$515,688$2,377,656
74$3,468,531$848,705$480,364$2,547,204
75$3,768,064$836,035$442,199$2,733,004
76$4,096,441$821,035$401,046$2,936,729
77$4,456,548$803,536$356,752$3,160,221
78$4,851,569$783,362$309,156$3,405,515
79$5,285,006$760,323$258,089$3,674,855
80$5,760,718$734,221$203,377$3,970,718
81$6,282,957$704,844$144,836$4,295,834
82$6,856,407$671,969$82,276$4,653,216
83$7,486,224$635,359$15,496$5,046,187
84$8,178,092$594,765$0$5,478,412
85$8,938,272$549,923$0$5,970,002
86$9,773,659$500,553$0$6,515,155
87$10,691,852$446,360$0$7,114,387
88$11,701,221$387,031$0$7,773,190
89$12,810,988$322,238$0$8,497,614
90$14,031,313$251,632$0$9,294,330
91$15,373,389$174,844$0$10,170,688
92$16,849,550$91,486$0$11,134,790
93$18,473,383$1,149$0$12,195,563
94$20,259,861$0$0$13,362,847
95$22,225,478$0$0$14,661,305
96$24,388,411$0$0$16,090,360
97$26,768,684$0$0$17,663,086
98$29,388,364$0$0$19,394,073
99$32,271,764$0$0$21,299,395
100$35,445,673$0$0$23,396,764