Can I retire at age 55 with 776,000?

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 $776,000?

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$64,081$63,511$62,954$62,410$61,879$61,131
2 years$31,723$31,133$30,560$30,005$29,466$28,714
3 years$20,939$20,346$19,774$19,224$18,695$17,961
4 years$15,548$14,956$14,391$13,850$13,333$12,623
5 years$12,314$11,726$11,168$10,638$10,136$9,452
6 years$10,159$9,575$9,025$8,507$8,020$7,364
7 years$8,620$8,041$7,500$6,994$6,522$5,894
8 years$7,466$6,893$6,361$5,867$5,411$4,809
9 years$6,569$6,001$5,478$4,998$4,557$3,982
10 years$5,852$5,290$4,776$4,308$3,883$3,335
11 years$5,266$4,709$4,205$3,749$3,339$2,818
12 years$4,778$4,227$3,732$3,289$2,894$2,398
13 years$4,365$3,820$3,334$2,903$2,523$2,053
14 years$4,012$3,472$2,996$2,577$2,212$1,766
15 years$3,706$3,172$2,705$2,299$1,948$1,525
16 years$3,438$2,910$2,452$2,058$1,721$1,321
17 years$3,202$2,680$2,231$1,849$1,526$1,148
18 years$2,993$2,476$2,037$1,666$1,357$1,001
19 years$2,806$2,295$1,865$1,506$1,210$874
20 years$2,637$2,133$1,711$1,364$1,080$764
21 years$2,485$1,987$1,574$1,238$967$669
22 years$2,347$1,854$1,451$1,125$867$587
23 years$2,222$1,734$1,340$1,025$778$516
24 years$2,106$1,625$1,239$935$699$453
25 years$2,001$1,525$1,147$854$629$399
26 years$1,903$1,433$1,064$781$567$351
27 years$1,813$1,349$988$714$511$310
28 years$1,730$1,271$919$655$461$273
29 years$1,652$1,199$855$600$416$241
30 years$1,580$1,132$796$551$376$213
31 years$1,512$1,070$742$506$340$188
32 years$1,449$1,013$693$465$308$166
33 years$1,390$959$647$428$278$147
34 years$1,334$909$604$393$252$130
35 years$1,282$862$565$362$228$115
36 years$1,232$818$528$334$207$101
37 years$1,186$777$495$307$187$90
38 years$1,142$739$463$283$170$79
39 years$1,100$702$434$261$154$70
40 years$1,061$668$407$241$140$62
41 years$1,023$636$381$222$127$55
42 years$988$606$358$205$115$49
43 years$954$577$336$189$104$43
44 years$922$550$315$175$95$38
45 years$891$525$296$161$86$34
46 years$862$501$278$149$78$30
47 years$834$478$261$138$71$26
48 years$808$456$245$127$64$23
49 years$782$435$231$118$59$21
50 years$758$416$217$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $776,000, adding $5,282 every year, while hoping to spend $52,234 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: 33/43/24 Blend
54$776,000$776,000$776,000$776,000
55$860,600$819,472$807,444$882,542
56$892,805$804,050$778,917$884,051
57$926,544$786,121$747,684$880,597
58$961,918$765,508$713,598$875,822
59$999,038$742,022$676,508$869,644
60$1,038,023$715,464$636,254$861,978
61$1,079,002$685,623$592,669$852,733
62$1,122,117$652,275$545,580$841,819
63$1,167,521$615,185$494,805$829,138
64$1,215,381$574,102$440,154$814,592
65$1,265,880$528,762$381,429$798,080
66$1,319,214$478,886$318,421$779,495
67$1,375,602$424,179$250,916$758,730
68$1,435,278$364,329$178,687$735,674
69$1,498,502$299,006$101,498$710,214
70$1,565,554$227,863$19,103$682,235
71$1,636,743$150,531$0$651,619
72$1,712,406$66,622$0$635,872
73$1,792,911$0$0$623,615
74$1,878,661$0$0$621,388
75$1,970,099$0$0$652,694
76$2,067,707$0$0$686,182
77$2,172,016$0$0$722,043
78$2,283,607$0$0$760,488
79$2,403,116$0$0$801,744
80$2,531,242$0$0$846,065
81$2,668,753$0$0$893,727
82$2,816,488$0$0$945,034
83$2,975,371$0$0$1,000,318
84$3,146,415$0$0$1,059,946
85$3,330,734$0$0$1,124,321
86$3,529,550$0$0$1,193,884
87$3,744,207$0$0$1,269,121
88$3,976,179$0$0$1,350,567
89$4,227,090$0$0$1,438,808
90$4,498,722$0$0$1,534,489
91$4,793,035$0$0$1,638,321
92$5,112,185$0$0$1,751,085
93$5,458,541$0$0$1,873,638
94$5,834,710$0$0$2,006,926
95$6,243,560$0$0$2,151,989
96$6,688,244$0$0$2,309,968
97$7,172,232$0$0$2,482,124
98$7,699,344$0$0$2,669,840
99$8,273,781$0$0$2,874,642
100$8,900,168$0$0$3,098,206