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%18.3%
1 years$64,081$63,511$62,954$62,410$61,879$59,803
2 years$31,723$31,133$30,560$30,005$29,466$27,395
3 years$20,939$20,346$19,774$19,224$18,695$16,693
4 years$15,548$14,956$14,391$13,850$13,333$11,417
5 years$12,314$11,726$11,168$10,638$10,136$8,310
6 years$10,159$9,575$9,025$8,507$8,020$6,286
7 years$8,620$8,041$7,500$6,994$6,522$4,880
8 years$7,466$6,893$6,361$5,867$5,411$3,859
9 years$6,569$6,001$5,478$4,998$4,557$3,093
10 years$5,852$5,290$4,776$4,308$3,883$2,505
11 years$5,266$4,709$4,205$3,749$3,339$2,045
12 years$4,778$4,227$3,732$3,289$2,894$1,680
13 years$4,365$3,820$3,334$2,903$2,523$1,387
14 years$4,012$3,472$2,996$2,577$2,212$1,150
15 years$3,706$3,172$2,705$2,299$1,948$957
16 years$3,438$2,910$2,452$2,058$1,721$798
17 years$3,202$2,680$2,231$1,849$1,526$667
18 years$2,993$2,476$2,037$1,666$1,357$559
19 years$2,806$2,295$1,865$1,506$1,210$468
20 years$2,637$2,133$1,711$1,364$1,080$393
21 years$2,485$1,987$1,574$1,238$967$331
22 years$2,347$1,854$1,451$1,125$867$278
23 years$2,222$1,734$1,340$1,025$778$234
24 years$2,106$1,625$1,239$935$699$197
25 years$2,001$1,525$1,147$854$629$166
26 years$1,903$1,433$1,064$781$567$140
27 years$1,813$1,349$988$714$511$118
28 years$1,730$1,271$919$655$461$100
29 years$1,652$1,199$855$600$416$84
30 years$1,580$1,132$796$551$376$71
31 years$1,512$1,070$742$506$340$60
32 years$1,449$1,013$693$465$308$51
33 years$1,390$959$647$428$278$43
34 years$1,334$909$604$393$252$36
35 years$1,282$862$565$362$228$31
36 years$1,232$818$528$334$207$26
37 years$1,186$777$495$307$187$22
38 years$1,142$739$463$283$170$18
39 years$1,100$702$434$261$154$16
40 years$1,061$668$407$241$140$13
41 years$1,023$636$381$222$127$11
42 years$988$606$358$205$115$9
43 years$954$577$336$189$104$8
44 years$922$550$315$175$95$7
45 years$891$525$296$161$86$6
46 years$862$501$278$149$78$5
47 years$834$478$261$138$71$4
48 years$808$456$245$127$64$3
49 years$782$435$231$118$59$3
50 years$758$416$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $776,000, adding $3,538 every year, while hoping to spend $38,430 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: 54/38/8 Blend
54$776,000$776,000$776,000$776,000
55$858,801$817,673$805,645$903,329
56$905,510$816,850$791,745$933,048
57$955,695$814,699$776,092$960,859
58$1,009,670$811,113$758,585$990,203
59$1,067,780$805,981$739,121$1,021,233
60$1,130,404$799,185$717,592$1,054,118
61$1,197,957$790,597$693,883$1,089,045
62$1,270,896$780,084$667,876$1,126,224
63$1,349,724$767,504$639,447$1,165,886
64$1,434,992$752,708$608,464$1,208,290
65$1,527,307$735,537$574,793$1,253,722
66$1,627,335$715,821$538,292$1,302,500
67$1,735,810$693,382$498,811$1,354,976
68$1,853,537$668,033$456,196$1,411,544
69$1,981,404$639,572$410,284$1,472,636
70$2,120,385$607,790$360,907$1,538,737
71$2,271,555$572,462$307,888$1,610,381
72$2,436,092$533,351$251,041$1,688,160
73$2,615,297$490,209$190,174$1,772,733
74$2,810,599$442,771$125,087$1,864,829
75$3,023,571$390,757$55,567$1,965,254
76$3,255,943$333,872$0$2,074,904
77$3,509,623$271,806$0$2,196,359
78$3,786,708$204,227$0$2,334,293
79$4,089,507$130,789$0$2,485,193
80$4,420,563$51,124$0$2,650,425
81$4,782,675$0$0$2,831,501
82$5,178,926$0$0$3,044,792
83$5,612,710$0$0$3,301,760
84$6,087,764$0$0$3,583,250
85$6,608,204$0$0$3,891,711
86$7,178,563$0$0$4,229,838
87$7,803,833$0$0$4,600,601
88$8,489,512$0$0$5,007,271
89$9,241,655$0$0$5,453,449
90$10,066,932$0$0$5,943,104
91$10,972,690$0$0$6,480,605
92$11,967,022$0$0$7,070,768
93$13,058,843$0$0$7,718,896
94$14,257,971$0$0$8,430,830
95$15,575,224$0$0$9,213,006
96$17,022,520$0$0$10,072,515
97$18,612,987$0$0$11,017,167
98$20,361,088$0$0$12,055,567
99$22,282,757$0$0$13,197,195
100$24,395,548$0$0$14,452,495