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%12.3%
1 years$64,081$63,511$62,954$62,410$61,879$61,284
2 years$31,723$31,133$30,560$30,005$29,466$28,867
3 years$20,939$20,346$19,774$19,224$18,695$18,109
4 years$15,548$14,956$14,391$13,850$13,333$12,767
5 years$12,314$11,726$11,168$10,638$10,136$9,589
6 years$10,159$9,575$9,025$8,507$8,020$7,495
7 years$8,620$8,041$7,500$6,994$6,522$6,018
8 years$7,466$6,893$6,361$5,867$5,411$4,928
9 years$6,569$6,001$5,478$4,998$4,557$4,095
10 years$5,852$5,290$4,776$4,308$3,883$3,442
11 years$5,266$4,709$4,205$3,749$3,339$2,919
12 years$4,778$4,227$3,732$3,289$2,894$2,493
13 years$4,365$3,820$3,334$2,903$2,523$2,143
14 years$4,012$3,472$2,996$2,577$2,212$1,850
15 years$3,706$3,172$2,705$2,299$1,948$1,605
16 years$3,438$2,910$2,452$2,058$1,721$1,396
17 years$3,202$2,680$2,231$1,849$1,526$1,219
18 years$2,993$2,476$2,037$1,666$1,357$1,066
19 years$2,806$2,295$1,865$1,506$1,210$935
20 years$2,637$2,133$1,711$1,364$1,080$821
21 years$2,485$1,987$1,574$1,238$967$723
22 years$2,347$1,854$1,451$1,125$867$637
23 years$2,222$1,734$1,340$1,025$778$562
24 years$2,106$1,625$1,239$935$699$496
25 years$2,001$1,525$1,147$854$629$439
26 years$1,903$1,433$1,064$781$567$388
27 years$1,813$1,349$988$714$511$344
28 years$1,730$1,271$919$655$461$305
29 years$1,652$1,199$855$600$416$270
30 years$1,580$1,132$796$551$376$240
31 years$1,512$1,070$742$506$340$213
32 years$1,449$1,013$693$465$308$189
33 years$1,390$959$647$428$278$168
34 years$1,334$909$604$393$252$149
35 years$1,282$862$565$362$228$132
36 years$1,232$818$528$334$207$118
37 years$1,186$777$495$307$187$105
38 years$1,142$739$463$283$170$93
39 years$1,100$702$434$261$154$83
40 years$1,061$668$407$241$140$73
41 years$1,023$636$381$222$127$65
42 years$988$606$358$205$115$58
43 years$954$577$336$189$104$52
44 years$922$550$315$175$95$46
45 years$891$525$296$161$86$41
46 years$862$501$278$149$78$36
47 years$834$478$261$138$71$32
48 years$808$456$245$127$64$29
49 years$782$435$231$118$59$26
50 years$758$416$217$109$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $776,000, adding $6,089 every year, while hoping to spend $52,624 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: 64/18/18 Blend
54$776,000$776,000$776,000$776,000
55$861,433$820,305$808,277$912,302
56$893,307$804,508$779,363$931,411
57$926,670$786,174$747,716$945,732
58$961,615$765,122$713,190$960,127
59$998,249$741,162$675,631$974,603
60$1,036,683$714,092$634,877$989,172
61$1,077,042$683,699$590,762$1,003,851
62$1,119,457$649,757$543,110$1,018,656
63$1,164,074$612,027$491,736$1,033,613
64$1,211,050$570,258$436,450$1,048,748
65$1,260,558$524,181$377,052$1,064,096
66$1,312,784$473,515$313,332$1,079,696
67$1,367,932$417,961$245,073$1,095,596
68$1,426,224$357,204$172,046$1,111,850
69$1,487,903$290,911$94,014$1,128,522
70$1,553,234$218,731$10,728$1,145,687
71$1,622,505$140,290$0$1,163,431
72$1,696,034$55,198$0$1,196,862
73$1,774,166$0$0$1,234,259
74$1,857,280$0$0$1,281,063
75$1,945,788$0$0$1,342,578
76$2,040,145$0$0$1,408,189
77$2,140,847$0$0$1,478,245
78$2,248,437$0$0$1,553,130
79$2,363,512$0$0$1,633,262
80$2,486,726$0$0$1,719,101
81$2,618,794$0$0$1,811,152
82$2,760,504$0$0$1,909,968
83$2,912,718$0$0$2,016,158
84$3,076,383$0$0$2,130,386
85$3,252,539$0$0$2,253,387
86$3,442,327$0$0$2,385,963
87$3,647,001$0$0$2,528,998
88$3,867,940$0$0$2,683,461
89$4,106,655$0$0$2,850,420
90$4,364,812$0$0$3,031,046
91$4,644,238$0$0$3,226,628
92$4,946,943$0$0$3,438,580
93$5,275,137$0$0$3,668,462
94$5,631,250$0$0$3,917,984
95$6,017,956$0$0$4,189,030
96$6,438,193$0$0$4,483,673
97$6,895,197$0$0$4,804,191
98$7,392,525$0$0$5,153,093
99$7,934,091$0$0$5,533,137
100$8,524,205$0$0$5,947,359