Can I retire at age 55 with 773,000?

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 $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%16.7%
1 years$63,834$63,265$62,710$62,169$61,640$59,955
2 years$31,601$31,012$30,442$29,889$29,352$27,668
3 years$20,858$20,267$19,698$19,150$18,622$16,990
4 years$15,488$14,898$14,335$13,797$13,282$11,714
5 years$12,266$11,680$11,125$10,597$10,096$8,598
6 years$10,119$9,538$8,990$8,475$7,989$6,562
7 years$8,586$8,010$7,471$6,967$6,497$5,140
8 years$7,437$6,866$6,336$5,845$5,390$4,103
9 years$6,544$5,978$5,457$4,978$4,539$3,321
10 years$5,830$5,269$4,758$4,291$3,868$2,717
11 years$5,246$4,691$4,189$3,735$3,326$2,241
12 years$4,759$4,210$3,717$3,276$2,882$1,861
13 years$4,348$3,805$3,321$2,892$2,514$1,553
14 years$3,996$3,459$2,984$2,567$2,203$1,302
15 years$3,691$3,160$2,694$2,290$1,940$1,095
16 years$3,425$2,899$2,443$2,050$1,715$924
17 years$3,190$2,670$2,223$1,842$1,520$782
18 years$2,981$2,467$2,029$1,660$1,352$662
19 years$2,795$2,286$1,858$1,500$1,205$562
20 years$2,627$2,125$1,705$1,359$1,076$478
21 years$2,476$1,979$1,568$1,233$963$407
22 years$2,338$1,847$1,445$1,121$863$347
23 years$2,213$1,728$1,334$1,021$775$295
24 years$2,098$1,619$1,234$931$697$252
25 years$1,993$1,519$1,143$850$627$215
26 years$1,896$1,428$1,060$778$565$184
27 years$1,806$1,344$984$712$509$157
28 years$1,723$1,266$915$652$459$134
29 years$1,646$1,194$852$598$415$115
30 years$1,573$1,128$793$549$375$98
31 years$1,506$1,066$739$504$339$84
32 years$1,443$1,009$690$463$306$72
33 years$1,384$956$644$426$277$62
34 years$1,329$906$602$392$251$53
35 years$1,277$859$563$361$227$45
36 years$1,228$815$526$332$206$39
37 years$1,181$774$493$306$187$33
38 years$1,138$736$461$282$169$28
39 years$1,096$700$432$260$154$24
40 years$1,057$666$405$240$139$21
41 years$1,020$634$380$221$126$18
42 years$984$604$356$204$115$15
43 years$950$575$334$189$104$13
44 years$918$548$314$174$94$11
45 years$888$523$295$161$86$10
46 years$859$499$277$149$78$8
47 years$831$476$260$137$71$7
48 years$804$454$244$127$64$6
49 years$779$434$230$117$58$5
50 years$755$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 $773,000, adding $2,272 every year, while hoping to spend $34,365 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: 68/6/26 Blend
54$773,000$773,000$773,000$773,000
55$854,190$813,221$801,239$906,391
56$904,753$816,504$791,516$945,027
57$959,322$818,797$780,316$983,147
58$1,018,269$820,014$767,553$1,024,062
59$1,082,003$820,066$753,137$1,068,051
60$1,150,973$818,855$736,973$1,115,418
61$1,225,675$816,282$718,965$1,166,501
62$1,306,652$812,237$699,008$1,221,673
63$1,394,501$806,607$676,995$1,281,347
64$1,489,879$799,270$652,813$1,345,976
65$1,593,510$790,098$626,346$1,416,063
66$1,706,189$778,953$597,469$1,492,162
67$1,828,790$765,692$566,054$1,574,885
68$1,962,277$750,161$531,967$1,664,909
69$2,107,708$732,198$495,067$1,762,979
70$2,266,249$711,631$455,207$1,869,918
71$2,439,184$688,278$412,233$1,986,635
72$2,627,923$661,946$365,986$2,114,133
73$2,834,023$632,433$316,298$2,253,520
74$3,059,193$599,522$262,994$2,406,017
75$3,305,318$562,986$205,892$2,572,972
76$3,574,471$522,583$144,800$2,755,874
77$3,868,937$478,059$79,520$2,956,365
78$4,191,228$429,144$9,844$3,176,255
79$4,544,115$375,553$0$3,417,543
80$4,930,646$316,986$0$3,700,333
81$5,354,178$253,125$0$4,013,236
82$5,818,410$183,634$0$4,356,270
83$6,327,413$108,158$0$4,732,462
84$6,885,674$26,322$0$5,145,150
85$7,498,133$0$0$5,598,011
86$8,170,232$0$0$6,099,208
87$8,907,964$0$0$6,651,303
88$9,717,932$0$0$7,257,506
89$10,607,410$0$0$7,923,266
90$11,584,410$0$0$8,654,587
91$12,657,757$0$0$9,458,082
92$13,837,175$0$0$10,341,036
93$15,133,377$0$0$11,311,476
94$16,558,162$0$0$12,378,244
95$18,124,533$0$0$13,551,081
96$19,846,813$0$0$14,840,721
97$21,740,783$0$0$16,258,989
98$23,823,831$0$0$17,818,911
99$26,115,112$0$0$19,534,844
100$28,635,733$0$0$21,422,601