Can I retire at age 55 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$63,751$63,183$62,629$62,088$61,560$59,757
2 years$31,560$30,972$30,403$29,850$29,314$27,513
3 years$20,831$20,241$19,672$19,125$18,598$16,854
4 years$15,468$14,879$14,316$13,779$13,264$11,591
5 years$12,250$11,665$11,110$10,583$10,083$8,486
6 years$10,106$9,526$8,979$8,464$7,979$6,458
7 years$8,575$8,000$7,461$6,958$6,489$5,045
8 years$7,428$6,857$6,328$5,837$5,383$4,015
9 years$6,535$5,970$5,450$4,972$4,533$3,240
10 years$5,822$5,263$4,752$4,286$3,863$2,642
11 years$5,239$4,685$4,183$3,730$3,322$2,173
12 years$4,753$4,205$3,712$3,272$2,879$1,798
13 years$4,343$3,800$3,317$2,888$2,510$1,496
14 years$3,991$3,454$2,980$2,564$2,201$1,250
15 years$3,686$3,155$2,691$2,287$1,938$1,047
16 years$3,420$2,895$2,440$2,047$1,712$881
17 years$3,186$2,666$2,220$1,840$1,518$742
18 years$2,977$2,464$2,026$1,658$1,350$626
19 years$2,791$2,283$1,855$1,498$1,203$530
20 years$2,624$2,122$1,703$1,357$1,075$449
21 years$2,473$1,976$1,566$1,231$962$380
22 years$2,335$1,845$1,443$1,120$862$323
23 years$2,210$1,725$1,333$1,020$774$274
24 years$2,096$1,617$1,232$930$696$233
25 years$1,990$1,517$1,142$849$626$198
26 years$1,893$1,426$1,059$777$564$169
27 years$1,804$1,342$983$711$508$144
28 years$1,721$1,264$914$651$459$122
29 years$1,643$1,193$850$597$414$104
30 years$1,571$1,127$792$548$374$89
31 years$1,504$1,065$739$503$338$76
32 years$1,441$1,008$689$463$306$64
33 years$1,383$954$643$425$277$55
34 years$1,327$904$601$391$251$47
35 years$1,275$858$562$360$227$40
36 years$1,226$814$526$332$206$34
37 years$1,180$773$492$306$187$29
38 years$1,136$735$461$282$169$25
39 years$1,095$699$432$260$153$21
40 years$1,055$665$405$240$139$18
41 years$1,018$633$379$221$126$15
42 years$983$603$356$204$115$13
43 years$949$574$334$188$104$11
44 years$917$547$314$174$94$10
45 years$887$522$294$161$86$8
46 years$858$498$276$148$78$7
47 years$830$475$260$137$71$6
48 years$803$454$244$127$64$5
49 years$778$433$229$117$58$4
50 years$754$414$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $772,000, adding $6,440 every year, while hoping to spend $55,609 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: 32/47/21 Blend
54$772,000$772,000$772,000$772,000
55$857,387$816,471$804,505$879,083
56$885,673$797,310$772,288$876,745
57$914,980$775,347$737,129$868,738
58$945,354$750,385$698,869$858,959
59$976,844$722,218$657,344$847,287
60$1,009,499$690,624$612,382$833,597
61$1,043,376$655,372$563,805$817,752
62$1,078,531$616,217$511,424$799,612
63$1,115,028$572,898$455,043$779,029
64$1,152,931$525,140$394,457$755,845
65$1,192,312$472,654$329,454$729,897
66$1,233,246$415,132$259,808$701,011
67$1,275,814$352,250$185,289$669,006
68$1,320,102$283,666$105,651$633,690
69$1,366,204$209,016$20,641$594,862
70$1,414,218$127,920$0$552,312
71$1,464,253$39,973$0$521,522
72$1,516,424$0$0$492,513
73$1,570,855$0$0$489,052
74$1,627,680$0$0$507,046
75$1,687,044$0$0$525,872
76$1,749,103$0$0$545,582
77$1,814,027$0$0$566,233
78$1,881,998$0$0$587,888
79$1,953,215$0$0$610,615
80$2,027,892$0$0$634,487
81$2,106,264$0$0$659,584
82$2,188,582$0$0$685,993
83$2,275,122$0$0$713,808
84$2,366,184$0$0$743,133
85$2,462,092$0$0$774,078
86$2,563,201$0$0$806,768
87$2,669,898$0$0$841,334
88$2,782,603$0$0$877,923
89$2,901,777$0$0$916,693
90$3,027,919$0$0$957,818
91$3,161,577$0$0$1,001,488
92$3,303,351$0$0$1,047,911
93$3,453,893$0$0$1,097,313
94$3,613,919$0$0$1,149,944
95$3,784,211$0$0$1,206,075
96$3,965,625$0$0$1,266,004
97$4,159,100$0$0$1,330,060
98$4,365,662$0$0$1,398,598
99$4,586,436$0$0$1,472,014
100$4,822,657$0$0$1,550,736