Can I retire at age 55 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$63,916$63,347$62,791$62,249$61,720$59,435
2 years$31,642$31,052$30,481$29,928$29,390$27,115
3 years$20,885$20,293$19,723$19,175$18,646$16,451
4 years$15,508$14,918$14,354$13,814$13,299$11,200
5 years$12,282$11,696$11,139$10,611$10,110$8,114
6 years$10,132$9,550$9,002$8,486$7,999$6,107
7 years$8,597$8,020$7,481$6,976$6,506$4,717
8 years$7,447$6,875$6,344$5,852$5,397$3,710
9 years$6,552$5,986$5,464$4,985$4,545$2,958
10 years$5,837$5,276$4,764$4,297$3,873$2,382
11 years$5,253$4,697$4,194$3,740$3,331$1,933
12 years$4,766$4,216$3,722$3,280$2,886$1,579
13 years$4,354$3,810$3,325$2,896$2,517$1,296
14 years$4,001$3,463$2,988$2,571$2,206$1,067
15 years$3,696$3,164$2,698$2,293$1,943$882
16 years$3,429$2,903$2,446$2,053$1,717$731
17 years$3,194$2,673$2,226$1,844$1,522$607
18 years$2,985$2,470$2,032$1,662$1,354$505
19 years$2,798$2,289$1,860$1,502$1,206$421
20 years$2,631$2,127$1,707$1,360$1,078$351
21 years$2,479$1,981$1,570$1,235$964$293
22 years$2,341$1,850$1,447$1,122$864$245
23 years$2,216$1,730$1,336$1,022$776$205
24 years$2,101$1,621$1,236$932$697$171
25 years$1,995$1,521$1,144$851$628$143
26 years$1,898$1,430$1,061$779$565$120
27 years$1,808$1,345$986$713$510$100
28 years$1,725$1,268$916$653$460$84
29 years$1,648$1,196$853$599$415$70
30 years$1,576$1,129$794$550$375$59
31 years$1,508$1,068$740$505$339$50
32 years$1,445$1,010$691$464$307$42
33 years$1,386$957$645$427$278$35
34 years$1,331$907$603$392$251$29
35 years$1,278$860$563$361$228$24
36 years$1,229$816$527$333$206$21
37 years$1,183$775$493$307$187$17
38 years$1,139$737$462$283$170$14
39 years$1,098$701$433$261$154$12
40 years$1,058$667$406$240$139$10
41 years$1,021$635$380$222$127$9
42 years$985$604$357$205$115$7
43 years$952$576$335$189$104$6
44 years$920$549$314$174$95$5
45 years$889$523$295$161$86$4
46 years$860$499$277$149$78$4
47 years$832$476$260$137$71$3
48 years$805$455$245$127$64$2
49 years$780$434$230$117$58$2
50 years$756$415$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $774,000, adding $3,739 every year, while hoping to spend $40,458 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: 26/47/27 Blend
54$774,000$774,000$774,000$774,000
55$856,805$815,783$803,786$871,764
56$901,152$812,709$787,666$881,205
57$948,666$808,129$769,649$887,612
58$999,629$801,926$749,631$893,651
59$1,054,346$793,975$727,499$899,318
60$1,113,157$784,148$703,138$904,613
61$1,176,431$772,303$676,425$909,538
62$1,244,576$758,295$647,234$914,104
63$1,318,039$741,967$615,432$918,324
64$1,397,309$723,154$580,880$922,218
65$1,482,928$701,682$543,432$925,815
66$1,575,487$677,364$502,938$929,151
67$1,675,638$650,007$459,238$932,272
68$1,784,097$619,401$412,166$935,235
69$1,901,652$585,328$361,550$938,109
70$2,029,167$547,557$307,210$940,978
71$2,167,597$505,841$248,955$943,941
72$2,317,986$459,922$186,590$947,115
73$2,481,489$409,526$119,909$950,638
74$2,659,371$354,363$48,696$954,671
75$2,853,027$294,128$0$959,400
76$3,063,993$228,496$0$972,905
77$3,293,955$157,127$0$1,003,051
78$3,544,772$79,661$0$1,036,148
79$3,818,490$0$0$1,072,595
80$4,117,360$0$0$1,115,053
81$4,443,861$0$0$1,206,566
82$4,800,720$0$0$1,306,712
83$5,190,942$0$0$1,416,352
84$5,617,833$0$0$1,536,430
85$6,085,036$0$0$1,667,987
86$6,596,561$0$0$1,812,171
87$7,156,823$0$0$1,970,244
88$7,770,685$0$0$2,143,598
89$8,443,503$0$0$2,333,763
90$9,181,175$0$0$2,542,429
91$9,990,197$0$0$2,771,453
92$10,877,725$0$0$3,022,883
93$11,851,639$0$0$3,298,974
94$12,920,620$0$0$3,602,210
95$14,094,231$0$0$3,935,329
96$15,383,005$0$0$4,301,346
97$16,798,546$0$0$4,703,582
98$18,353,636$0$0$5,145,696
99$20,062,356$0$0$5,631,719
100$21,940,221$0$0$6,166,094