Can I retire at age 55 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$63,586$63,019$62,467$61,928$61,401$60,112
2 years$31,478$30,892$30,324$29,773$29,239$27,946
3 years$20,777$20,188$19,621$19,076$18,550$17,294
4 years$15,427$14,840$14,279$13,743$13,230$12,021
5 years$12,219$11,635$11,081$10,556$10,057$8,898
6 years$10,080$9,501$8,955$8,442$7,958$6,850
7 years$8,553$7,979$7,442$6,940$6,472$5,415
8 years$7,408$6,839$6,311$5,822$5,369$4,363
9 years$6,519$5,955$5,436$4,959$4,522$3,566
10 years$5,807$5,249$4,739$4,275$3,853$2,946
11 years$5,225$4,673$4,172$3,720$3,313$2,455
12 years$4,741$4,194$3,703$3,263$2,871$2,060
13 years$4,331$3,790$3,308$2,881$2,504$1,738
14 years$3,981$3,445$2,972$2,557$2,195$1,473
15 years$3,677$3,147$2,684$2,281$1,933$1,253
16 years$3,411$2,888$2,433$2,042$1,708$1,069
17 years$3,177$2,659$2,214$1,835$1,514$915
18 years$2,970$2,457$2,021$1,654$1,347$784
19 years$2,784$2,277$1,850$1,494$1,200$674
20 years$2,617$2,116$1,698$1,353$1,072$580
21 years$2,466$1,971$1,562$1,228$959$500
22 years$2,329$1,840$1,440$1,117$860$431
23 years$2,204$1,721$1,329$1,017$772$372
24 years$2,090$1,612$1,229$928$694$322
25 years$1,985$1,513$1,139$847$624$278
26 years$1,888$1,422$1,056$775$562$241
27 years$1,799$1,338$981$709$507$208
28 years$1,716$1,261$912$650$457$180
29 years$1,639$1,190$848$596$413$156
30 years$1,567$1,124$790$547$373$136
31 years$1,500$1,062$737$502$337$118
32 years$1,438$1,005$687$461$305$102
33 years$1,379$952$642$424$276$88
34 years$1,324$902$600$390$250$77
35 years$1,272$856$561$359$227$67
36 years$1,223$812$524$331$205$58
37 years$1,177$771$491$305$186$50
38 years$1,133$733$460$281$169$44
39 years$1,092$697$431$259$153$38
40 years$1,053$663$404$239$139$33
41 years$1,016$631$378$221$126$29
42 years$980$601$355$204$114$25
43 years$947$573$333$188$104$22
44 years$915$546$313$173$94$19
45 years$884$521$294$160$85$16
46 years$855$497$276$148$78$14
47 years$828$474$259$137$70$12
48 years$801$453$243$126$64$11
49 years$776$432$229$117$58$9
50 years$752$413$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $770,000, adding $5,940 every year, while hoping to spend $45,562 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: 55/35/10 Blend
54$770,000$770,000$770,000$770,000
55$854,667$813,857$801,922$899,231
56$893,366$805,258$780,309$921,478
57$934,484$794,711$756,445$940,178
58$978,222$782,073$730,206$959,456
59$1,024,796$767,190$701,463$979,374
60$1,074,444$749,901$670,081$1,000,004
61$1,127,429$730,037$635,920$1,021,426
62$1,184,034$707,417$598,831$1,043,733
63$1,244,573$681,848$558,660$1,067,028
64$1,309,391$653,130$515,246$1,091,428
65$1,378,863$621,047$468,420$1,117,066
66$1,453,402$585,373$418,008$1,144,091
67$1,533,461$545,869$363,824$1,172,671
68$1,619,539$502,282$305,677$1,202,995
69$1,712,182$454,343$243,366$1,235,275
70$1,811,988$401,770$176,683$1,269,749
71$1,919,618$344,263$105,409$1,306,684
72$2,035,794$281,507$29,315$1,346,379
73$2,161,312$213,168$0$1,389,170
74$2,297,045$138,893$0$1,440,967
75$2,443,955$58,310$0$1,500,352
76$2,603,097$0$0$1,564,687
77$2,775,631$0$0$1,645,685
78$2,962,835$0$0$1,757,996
79$3,166,113$0$0$1,880,012
80$3,387,009$0$0$2,012,670
81$3,627,222$0$0$2,156,997
82$3,888,621$0$0$2,314,124
83$4,173,262$0$0$2,485,298
84$4,483,409$0$0$2,671,889
85$4,821,552$0$0$2,875,403
86$5,190,431$0$0$3,097,503
87$5,593,065$0$0$3,340,014
88$6,032,772$0$0$3,604,947
89$6,513,211$0$0$3,894,518
90$7,038,405$0$0$4,211,164
91$7,612,785$0$0$4,557,570
92$8,241,230$0$0$4,936,689
93$8,929,113$0$0$5,351,778
94$9,682,350$0$0$5,806,420
95$10,507,454$0$0$6,304,561
96$11,411,600$0$0$6,850,548
97$12,402,689$0$0$7,449,167
98$13,489,423$0$0$8,105,691
99$14,681,387$0$0$8,825,928
100$15,989,136$0$0$9,616,272