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%12.3%
1 years$63,668$63,101$62,548$62,008$61,481$60,889
2 years$31,519$30,932$30,363$29,812$29,276$28,681
3 years$20,804$20,214$19,647$19,101$18,574$17,993
4 years$15,447$14,860$14,298$13,761$13,247$12,684
5 years$12,234$11,650$11,096$10,570$10,070$9,528
6 years$10,093$9,513$8,967$8,453$7,968$7,447
7 years$8,564$7,989$7,452$6,949$6,480$5,980
8 years$7,418$6,848$6,320$5,830$5,376$4,897
9 years$6,527$5,963$5,443$4,966$4,527$4,069
10 years$5,815$5,256$4,745$4,280$3,858$3,420
11 years$5,232$4,679$4,178$3,725$3,318$2,900
12 years$4,747$4,200$3,708$3,268$2,875$2,477
13 years$4,337$3,795$3,313$2,885$2,507$2,129
14 years$3,986$3,450$2,976$2,561$2,198$1,839
15 years$3,682$3,151$2,687$2,284$1,935$1,594
16 years$3,416$2,891$2,436$2,045$1,710$1,387
17 years$3,182$2,663$2,217$1,837$1,516$1,211
18 years$2,973$2,461$2,024$1,656$1,348$1,059
19 years$2,788$2,280$1,853$1,496$1,202$929
20 years$2,620$2,119$1,700$1,355$1,073$816
21 years$2,469$1,974$1,564$1,230$961$718
22 years$2,332$1,842$1,441$1,118$861$633
23 years$2,207$1,723$1,331$1,018$773$558
24 years$2,093$1,615$1,231$929$695$493
25 years$1,988$1,515$1,140$848$625$436
26 years$1,891$1,424$1,057$776$563$386
27 years$1,801$1,340$982$710$508$342
28 years$1,718$1,263$913$650$458$303
29 years$1,641$1,191$849$596$414$268
30 years$1,569$1,125$791$547$374$238
31 years$1,502$1,064$738$503$338$211
32 years$1,440$1,006$688$462$306$188
33 years$1,381$953$643$425$277$167
34 years$1,325$903$600$391$250$148
35 years$1,274$857$561$360$227$131
36 years$1,225$813$525$331$206$117
37 years$1,178$772$491$305$186$104
38 years$1,135$734$460$281$169$92
39 years$1,093$698$431$260$153$82
40 years$1,054$664$404$239$139$73
41 years$1,017$632$379$221$126$65
42 years$982$602$355$204$114$58
43 years$948$574$334$188$104$51
44 years$916$547$313$174$94$46
45 years$886$521$294$160$86$41
46 years$857$497$276$148$78$36
47 years$829$475$259$137$71$32
48 years$802$453$244$127$64$29
49 years$777$433$229$117$58$26
50 years$753$413$215$108$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $771,000, adding $4,093 every year, while hoping to spend $52,734 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: 46/42/12 Blend
54$771,000$771,000$771,000$771,000
55$853,864$813,001$801,050$890,077
56$884,849$796,729$771,777$899,300
57$917,228$777,893$739,756$903,569
58$951,086$756,311$704,838$907,024
59$986,518$731,790$666,871$909,607
60$1,023,623$704,129$625,692$911,261
61$1,062,512$673,111$581,132$911,926
62$1,103,304$638,509$533,016$911,540
63$1,146,128$600,083$481,159$910,039
64$1,191,125$557,578$425,369$907,360
65$1,238,445$510,726$365,445$903,435
66$1,288,256$459,241$301,176$898,199
67$1,340,738$402,823$232,345$891,582
68$1,396,086$341,154$158,722$883,517
69$1,454,516$273,900$80,068$873,934
70$1,516,260$200,705$0$862,765
71$1,581,575$121,195$0$850,437
72$1,650,736$34,975$0$847,362
73$1,724,050$0$0$843,246
74$1,801,846$0$0$865,042
75$1,884,490$0$0$905,413
76$1,972,377$0$0$948,394
77$2,065,941$0$0$994,203
78$2,165,660$0$0$1,043,081
79$2,272,053$0$0$1,095,289
80$2,385,691$0$0$1,151,116
81$2,507,200$0$0$1,210,877
82$2,637,265$0$0$1,274,918
83$2,776,639$0$0$1,343,617
84$2,926,145$0$0$1,417,391
85$3,086,688$0$0$1,496,697
86$3,259,263$0$0$1,582,036
87$3,444,958$0$0$1,673,959
88$3,644,973$0$0$1,773,071
89$3,860,620$0$0$1,880,036
90$4,093,345$0$0$1,995,584
91$4,344,734$0$0$2,120,517
92$4,616,532$0$0$2,255,716
93$4,910,656$0$0$2,402,152
94$5,229,212$0$0$2,560,889
95$5,574,518$0$0$2,733,099
96$5,949,120$0$0$2,920,071
97$6,355,821$0$0$3,123,223
98$6,797,701$0$0$3,344,113
99$7,278,152$0$0$3,584,457
100$7,800,902$0$0$3,846,142