Can I retire at age 55 with 776,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$64,081$63,511$62,954$62,410$61,879$60,929
2 years$31,723$31,133$30,560$30,005$29,466$28,512
3 years$20,939$20,346$19,774$19,224$18,695$17,765
4 years$15,548$14,956$14,391$13,850$13,333$12,435
5 years$12,314$11,726$11,168$10,638$10,136$9,273
6 years$10,159$9,575$9,025$8,507$8,020$7,193
7 years$8,620$8,041$7,500$6,994$6,522$5,731
8 years$7,466$6,893$6,361$5,867$5,411$4,655
9 years$6,569$6,001$5,478$4,998$4,557$3,837
10 years$5,852$5,290$4,776$4,308$3,883$3,197
11 years$5,266$4,709$4,205$3,749$3,339$2,688
12 years$4,778$4,227$3,732$3,289$2,894$2,276
13 years$4,365$3,820$3,334$2,903$2,523$1,938
14 years$4,012$3,472$2,996$2,577$2,212$1,658
15 years$3,706$3,172$2,705$2,299$1,948$1,424
16 years$3,438$2,910$2,452$2,058$1,721$1,227
17 years$3,202$2,680$2,231$1,849$1,526$1,061
18 years$2,993$2,476$2,037$1,666$1,357$919
19 years$2,806$2,295$1,865$1,506$1,210$797
20 years$2,637$2,133$1,711$1,364$1,080$693
21 years$2,485$1,987$1,574$1,238$967$604
22 years$2,347$1,854$1,451$1,125$867$526
23 years$2,222$1,734$1,340$1,025$778$460
24 years$2,106$1,625$1,239$935$699$402
25 years$2,001$1,525$1,147$854$629$351
26 years$1,903$1,433$1,064$781$567$307
27 years$1,813$1,349$988$714$511$269
28 years$1,730$1,271$919$655$461$236
29 years$1,652$1,199$855$600$416$207
30 years$1,580$1,132$796$551$376$181
31 years$1,512$1,070$742$506$340$159
32 years$1,449$1,013$693$465$308$139
33 years$1,390$959$647$428$278$122
34 years$1,334$909$604$393$252$107
35 years$1,282$862$565$362$228$94
36 years$1,232$818$528$334$207$83
37 years$1,186$777$495$307$187$73
38 years$1,142$739$463$283$170$64
39 years$1,100$702$434$261$154$56
40 years$1,061$668$407$241$140$49
41 years$1,023$636$381$222$127$43
42 years$988$606$358$205$115$38
43 years$954$577$336$189$104$34
44 years$922$550$315$175$95$29
45 years$891$525$296$161$86$26
46 years$862$501$278$149$78$23
47 years$834$478$261$138$71$20
48 years$808$456$245$127$64$18
49 years$782$435$231$118$59$15
50 years$758$416$217$109$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $776,000, adding $3,013 every year, while hoping to spend $59,575 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: 56/29/15 Blend
54$776,000$776,000$776,000$776,000
55$858,260$817,132$805,104$902,803
56$882,415$793,784$768,688$910,039
57$907,037$767,295$729,055$911,184
58$932,112$737,449$686,034$911,066
59$957,619$704,016$639,448$909,577
60$983,536$666,753$589,110$906,599
61$1,009,837$625,404$534,826$902,008
62$1,036,489$579,698$476,391$895,670
63$1,063,454$529,346$413,593$887,442
64$1,090,689$474,047$346,211$877,170
65$1,118,143$413,479$274,013$864,690
66$1,145,758$347,303$196,756$849,825
67$1,173,466$275,162$114,189$832,386
68$1,201,192$196,678$26,047$812,171
69$1,228,850$111,451$0$788,962
70$1,256,340$19,059$0$773,412
71$1,283,552$0$0$759,542
72$1,310,360$0$0$768,786
73$1,336,623$0$0$783,738
74$1,362,181$0$0$798,215
75$1,386,858$0$0$812,107
76$1,410,452$0$0$825,289
77$1,432,739$0$0$837,622
78$1,453,470$0$0$848,949
79$1,472,366$0$0$859,098
80$1,489,114$0$0$867,873
81$1,503,367$0$0$875,060
82$1,514,739$0$0$880,417
83$1,522,798$0$0$883,679
84$1,527,066$0$0$884,547
85$1,527,012$0$0$882,691
86$1,522,044$0$0$877,746
87$1,511,506$0$0$869,304
88$1,494,671$0$0$856,915
89$1,470,732$0$0$840,080
90$1,438,795$0$0$818,243
91$1,397,868$0$0$790,792
92$1,346,855$0$0$757,048
93$1,284,541$0$0$716,257
94$1,209,580$0$0$667,589
95$1,120,485$0$0$610,122
96$1,015,609$0$0$542,839
97$893,133$0$0$464,613
98$751,042$0$0$374,199
99$587,112$0$0$270,223
100$398,885$0$0$151,163