Can I retire at age 55 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$63,668$63,101$62,548$62,008$61,481$60,388
2 years$31,519$30,932$30,363$29,812$29,276$28,179
3 years$20,804$20,214$19,647$19,101$18,574$17,506
4 years$15,447$14,860$14,298$13,761$13,247$12,217
5 years$12,234$11,650$11,096$10,570$10,070$9,081
6 years$10,093$9,513$8,967$8,453$7,968$7,021
7 years$8,564$7,989$7,452$6,949$6,480$5,576
8 years$7,418$6,848$6,320$5,830$5,376$4,514
9 years$6,527$5,963$5,443$4,966$4,527$3,707
10 years$5,815$5,256$4,745$4,280$3,858$3,078
11 years$5,232$4,679$4,178$3,725$3,318$2,578
12 years$4,747$4,200$3,708$3,268$2,875$2,174
13 years$4,337$3,795$3,313$2,885$2,507$1,844
14 years$3,986$3,450$2,976$2,561$2,198$1,571
15 years$3,682$3,151$2,687$2,284$1,935$1,344
16 years$3,416$2,891$2,436$2,045$1,710$1,153
17 years$3,182$2,663$2,217$1,837$1,516$993
18 years$2,973$2,461$2,024$1,656$1,348$856
19 years$2,788$2,280$1,853$1,496$1,202$740
20 years$2,620$2,119$1,700$1,355$1,073$640
21 years$2,469$1,974$1,564$1,230$961$555
22 years$2,332$1,842$1,441$1,118$861$482
23 years$2,207$1,723$1,331$1,018$773$419
24 years$2,093$1,615$1,231$929$695$364
25 years$1,988$1,515$1,140$848$625$317
26 years$1,891$1,424$1,057$776$563$276
27 years$1,801$1,340$982$710$508$240
28 years$1,718$1,263$913$650$458$210
29 years$1,641$1,191$849$596$414$183
30 years$1,569$1,125$791$547$374$160
31 years$1,502$1,064$738$503$338$139
32 years$1,440$1,006$688$462$306$122
33 years$1,381$953$643$425$277$106
34 years$1,325$903$600$391$250$93
35 years$1,274$857$561$360$227$81
36 years$1,225$813$525$331$206$71
37 years$1,178$772$491$305$186$62
38 years$1,135$734$460$281$169$54
39 years$1,093$698$431$260$153$47
40 years$1,054$664$404$239$139$41
41 years$1,017$632$379$221$126$36
42 years$982$602$355$204$114$32
43 years$948$574$334$188$104$28
44 years$916$547$313$174$94$24
45 years$886$521$294$160$86$21
46 years$857$497$276$148$78$18
47 years$829$475$259$137$71$16
48 years$802$453$244$127$64$14
49 years$777$433$229$117$58$12
50 years$753$413$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $771,000, adding $3,416 every year, while hoping to spend $50,167 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: 57/31/12 Blend
54$771,000$771,000$771,000$771,000
55$853,166$812,303$800,352$899,047
56$886,811$798,728$773,787$916,874
57$922,207$782,807$744,650$930,447
58$959,479$764,372$712,803$944,048
59$998,764$743,244$678,099$957,688
60$1,040,211$719,235$640,388$971,381
61$1,083,982$692,147$599,511$985,144
62$1,130,253$661,768$555,300$998,999
63$1,179,220$627,875$507,583$1,012,974
64$1,231,092$590,233$456,178$1,027,102
65$1,286,100$548,591$400,897$1,041,424
66$1,344,496$502,685$341,541$1,055,988
67$1,406,555$452,238$277,904$1,070,850
68$1,472,580$396,954$209,769$1,086,078
69$1,542,900$336,521$136,913$1,101,749
70$1,617,876$270,611$59,100$1,117,956
71$1,697,904$198,875$0$1,134,802
72$1,783,417$120,948$0$1,155,475
73$1,874,891$36,440$0$1,185,323
74$1,972,847$0$0$1,216,966
75$2,077,856$0$0$1,269,404
76$2,190,545$0$0$1,339,061
77$2,311,601$0$0$1,413,939
78$2,441,781$0$0$1,494,510
79$2,581,912$0$0$1,581,296
80$2,732,906$0$0$1,674,865
81$2,895,761$0$0$1,775,844
82$3,071,577$0$0$1,884,924
83$3,261,560$0$0$2,002,859
84$3,467,036$0$0$2,130,483
85$3,689,465$0$0$2,268,709
86$3,930,448$0$0$2,418,543
87$4,191,748$0$0$2,581,091
88$4,475,303$0$0$2,757,568
89$4,783,245$0$0$2,949,312
90$5,117,918$0$0$3,157,793
91$5,481,901$0$0$3,384,631
92$5,878,032$0$0$3,631,605
93$6,309,433$0$0$3,900,676
94$6,779,539$0$0$4,193,999
95$7,292,133$0$0$4,513,948
96$7,851,376$0$0$4,863,135
97$8,461,848$0$0$5,244,435
98$9,128,591$0$0$5,661,013
99$9,857,157$0$0$6,116,354
100$10,653,656$0$0$6,614,294