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%15.6%
1 years$63,834$63,265$62,710$62,169$61,640$60,223
2 years$31,601$31,012$30,442$29,889$29,352$27,933
3 years$20,858$20,267$19,698$19,150$18,622$17,244
4 years$15,488$14,898$14,335$13,797$13,282$11,956
5 years$12,266$11,680$11,125$10,597$10,096$8,827
6 years$10,119$9,538$8,990$8,475$7,989$6,776
7 years$8,586$8,010$7,471$6,967$6,497$5,342
8 years$7,437$6,866$6,336$5,845$5,390$4,292
9 years$6,544$5,978$5,457$4,978$4,539$3,497
10 years$5,830$5,269$4,758$4,291$3,868$2,880
11 years$5,246$4,691$4,189$3,735$3,326$2,393
12 years$4,759$4,210$3,717$3,276$2,882$2,001
13 years$4,348$3,805$3,321$2,892$2,514$1,683
14 years$3,996$3,459$2,984$2,567$2,203$1,421
15 years$3,691$3,160$2,694$2,290$1,940$1,205
16 years$3,425$2,899$2,443$2,050$1,715$1,025
17 years$3,190$2,670$2,223$1,842$1,520$873
18 years$2,981$2,467$2,029$1,660$1,352$746
19 years$2,795$2,286$1,858$1,500$1,205$639
20 years$2,627$2,125$1,705$1,359$1,076$547
21 years$2,476$1,979$1,568$1,233$963$470
22 years$2,338$1,847$1,445$1,121$863$404
23 years$2,213$1,728$1,334$1,021$775$347
24 years$2,098$1,619$1,234$931$697$299
25 years$1,993$1,519$1,143$850$627$257
26 years$1,896$1,428$1,060$778$565$222
27 years$1,806$1,344$984$712$509$191
28 years$1,723$1,266$915$652$459$165
29 years$1,646$1,194$852$598$415$142
30 years$1,573$1,128$793$549$375$123
31 years$1,506$1,066$739$504$339$106
32 years$1,443$1,009$690$463$306$92
33 years$1,384$956$644$426$277$79
34 years$1,329$906$602$392$251$68
35 years$1,277$859$563$361$227$59
36 years$1,228$815$526$332$206$51
37 years$1,181$774$493$306$187$44
38 years$1,138$736$461$282$169$38
39 years$1,096$700$432$260$154$33
40 years$1,057$666$405$240$139$29
41 years$1,020$634$380$221$126$25
42 years$984$604$356$204$115$21
43 years$950$575$334$189$104$18
44 years$918$548$314$174$94$16
45 years$888$523$295$161$86$14
46 years$859$499$277$149$78$12
47 years$831$476$260$137$71$10
48 years$804$454$244$127$64$9
49 years$779$434$230$117$58$8
50 years$755$414$216$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $773,000, adding $5,681 every year, while hoping to spend $23,872 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: 56/31/13 Blend
54$773,000$773,000$773,000$773,000
55$857,706$816,737$804,755$902,576
56$919,792$831,357$806,315$948,251
57$987,411$845,894$807,127$994,878
58$1,061,102$860,318$807,141$1,045,110
59$1,141,459$874,597$806,304$1,099,295
60$1,229,133$888,698$804,560$1,157,819
61$1,324,844$902,584$801,853$1,221,106
62$1,429,384$916,216$798,121$1,289,623
63$1,543,623$929,553$793,300$1,363,885
64$1,668,520$942,549$787,323$1,444,461
65$1,805,132$955,156$780,120$1,531,977
66$1,954,620$967,323$771,619$1,627,125
67$2,118,265$978,996$761,742$1,730,666
68$2,297,476$990,115$750,409$1,843,440
69$2,493,806$1,000,618$737,535$1,966,374
70$2,708,964$1,010,438$723,032$2,100,489
71$2,944,833$1,019,505$706,809$2,246,912
72$3,203,487$1,027,741$688,768$2,406,885
73$3,487,210$1,035,067$668,808$2,581,777
74$3,798,516$1,041,397$646,824$2,773,099
75$4,140,178$1,046,638$622,706$2,982,517
76$4,515,247$1,050,694$596,337$3,211,866
77$4,927,085$1,053,461$567,598$3,463,172
78$5,379,396$1,054,829$536,360$3,738,668
79$5,876,260$1,054,681$502,494$4,040,815
80$6,422,171$1,052,893$465,860$4,372,330
81$7,022,080$1,049,333$426,315$4,736,205
82$7,681,444$1,043,861$383,707$5,135,740
83$8,406,270$1,036,330$337,881$5,574,576
84$9,203,180$1,026,581$288,670$6,056,725
85$10,079,469$1,014,447$235,905$6,586,612
86$11,043,172$999,752$179,405$7,169,113
87$12,103,144$982,309$118,984$7,809,608
88$13,269,141$961,918$54,446$8,514,027
89$14,551,911$938,369$0$9,288,906
90$15,963,297$911,440$0$10,143,455
91$17,516,347$880,895$0$11,091,808
92$19,225,440$846,485$0$12,135,197
93$21,106,417$807,944$0$13,283,311
94$23,176,732$764,995$0$14,546,832
95$25,455,620$717,341$0$15,937,533
96$27,964,273$664,670$0$17,468,390
97$30,726,042$606,652$0$19,153,706
98$33,766,658$542,937$0$21,009,247
99$37,114,473$473,157$0$23,052,389
100$40,800,729$396,922$0$25,302,285