Can I retire at age 55 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$63,834$63,265$62,710$62,169$61,640$60,895
2 years$31,601$31,012$30,442$29,889$29,352$28,603
3 years$20,858$20,267$19,698$19,150$18,622$17,891
4 years$15,488$14,898$14,335$13,797$13,282$12,575
5 years$12,266$11,680$11,125$10,597$10,096$9,416
6 years$10,119$9,538$8,990$8,475$7,989$7,335
7 years$8,586$8,010$7,471$6,967$6,497$5,871
8 years$7,437$6,866$6,336$5,845$5,390$4,791
9 years$6,544$5,978$5,457$4,978$4,539$3,967
10 years$5,830$5,269$4,758$4,291$3,868$3,322
11 years$5,246$4,691$4,189$3,735$3,326$2,807
12 years$4,759$4,210$3,717$3,276$2,882$2,389
13 years$4,348$3,805$3,321$2,892$2,514$2,045
14 years$3,996$3,459$2,984$2,567$2,203$1,759
15 years$3,691$3,160$2,694$2,290$1,940$1,519
16 years$3,425$2,899$2,443$2,050$1,715$1,316
17 years$3,190$2,670$2,223$1,842$1,520$1,144
18 years$2,981$2,467$2,029$1,660$1,352$997
19 years$2,795$2,286$1,858$1,500$1,205$870
20 years$2,627$2,125$1,705$1,359$1,076$761
21 years$2,476$1,979$1,568$1,233$963$667
22 years$2,338$1,847$1,445$1,121$863$585
23 years$2,213$1,728$1,334$1,021$775$514
24 years$2,098$1,619$1,234$931$697$452
25 years$1,993$1,519$1,143$850$627$397
26 years$1,896$1,428$1,060$778$565$350
27 years$1,806$1,344$984$712$509$308
28 years$1,723$1,266$915$652$459$272
29 years$1,646$1,194$852$598$415$240
30 years$1,573$1,128$793$549$375$212
31 years$1,506$1,066$739$504$339$187
32 years$1,443$1,009$690$463$306$165
33 years$1,384$956$644$426$277$146
34 years$1,329$906$602$392$251$129
35 years$1,277$859$563$361$227$114
36 years$1,228$815$526$332$206$101
37 years$1,181$774$493$306$187$89
38 years$1,138$736$461$282$169$79
39 years$1,096$700$432$260$154$70
40 years$1,057$666$405$240$139$62
41 years$1,020$634$380$221$126$55
42 years$984$604$356$204$115$48
43 years$950$575$334$189$104$43
44 years$918$548$314$174$94$38
45 years$888$523$295$161$86$34
46 years$859$499$277$149$78$30
47 years$831$476$260$137$71$26
48 years$804$454$244$127$64$23
49 years$779$434$230$117$58$21
50 years$755$414$216$108$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $773,000, adding $6,206 every year, while hoping to spend $40,626 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: 62/26/12 Blend
54$773,000$773,000$773,000$773,000
55$858,247$817,278$805,297$908,654
56$902,563$814,099$789,049$940,020
57$950,037$809,403$770,894$969,033
58$1,000,949$803,072$750,728$999,703
59$1,055,605$794,982$728,436$1,032,191
60$1,114,342$785,001$703,904$1,066,677
61$1,177,528$772,989$677,008$1,103,360
62$1,245,570$758,799$647,622$1,142,461
63$1,318,911$742,274$615,610$1,184,225
64$1,398,042$723,247$580,835$1,228,924
65$1,483,499$701,543$543,150$1,276,858
66$1,575,873$676,975$502,402$1,328,361
67$1,675,811$649,347$458,432$1,383,803
68$1,784,029$618,450$411,074$1,443,595
69$1,901,309$584,063$360,155$1,508,189
70$2,028,514$545,953$305,491$1,578,091
71$2,166,592$503,875$246,895$1,653,855
72$2,316,586$457,566$184,167$1,736,101
73$2,479,642$406,751$117,101$1,825,510
74$2,657,024$351,140$45,482$1,922,839
75$2,850,119$290,424$0$2,028,925
76$3,060,454$224,279$0$2,148,657
77$3,289,713$152,361$0$2,285,569
78$3,539,744$74,307$0$2,434,997
79$3,812,584$0$0$2,598,227
80$4,110,476$0$0$2,779,619
81$4,435,886$0$0$3,001,044
82$4,791,531$0$0$3,243,099
83$5,180,403$0$0$3,507,825
84$5,605,793$0$0$3,797,473
85$6,071,329$0$0$4,114,518
86$6,581,003$0$0$4,461,687
87$7,139,210$0$0$4,841,983
88$7,750,794$0$0$5,258,713
89$8,421,085$0$0$5,715,519
90$9,155,957$0$0$6,216,413
91$9,961,878$0$0$6,765,812
92$10,845,971$0$0$7,368,583
93$11,816,083$0$0$8,030,085
94$12,880,857$0$0$8,756,222
95$14,049,813$0$0$9,553,498
96$15,333,438$0$0$10,429,077
97$16,743,286$0$0$11,390,850
98$18,292,081$0$0$12,447,511
99$19,993,845$0$0$13,608,637
100$21,864,022$0$0$14,884,780