Can I retire at age 55 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$64,164$63,592$63,035$62,491$61,959$59,784
2 years$31,764$31,173$30,599$30,044$29,504$27,336
3 years$20,966$20,372$19,800$19,249$18,719$16,625
4 years$15,568$14,975$14,409$13,868$13,350$11,348
5 years$12,330$11,741$11,182$10,652$10,149$8,242
6 years$10,172$9,587$9,037$8,518$8,030$6,221
7 years$8,631$8,051$7,510$7,003$6,531$4,819
8 years$7,476$6,902$6,369$5,875$5,418$3,801
9 years$6,578$6,009$5,485$5,004$4,563$3,040
10 years$5,860$5,297$4,782$4,314$3,888$2,456
11 years$5,273$4,715$4,210$3,754$3,344$2,000
12 years$4,784$4,232$3,737$3,293$2,897$1,638
13 years$4,371$3,825$3,338$2,907$2,527$1,349
14 years$4,017$3,477$3,000$2,581$2,215$1,115
15 years$3,710$3,176$2,708$2,301$1,950$925
16 years$3,442$2,914$2,455$2,061$1,723$769
17 years$3,206$2,684$2,234$1,852$1,528$641
18 years$2,997$2,480$2,040$1,669$1,359$535
19 years$2,809$2,298$1,867$1,508$1,211$448
20 years$2,641$2,136$1,714$1,366$1,082$375
21 years$2,489$1,989$1,576$1,239$968$314
22 years$2,350$1,857$1,453$1,127$868$263
23 years$2,224$1,737$1,341$1,026$779$221
24 years$2,109$1,627$1,240$936$700$186
25 years$2,003$1,527$1,149$855$630$156
26 years$1,906$1,435$1,066$782$567$131
27 years$1,815$1,351$989$715$512$110
28 years$1,732$1,273$920$655$462$93
29 years$1,654$1,201$856$601$417$78
30 years$1,582$1,134$797$552$377$66
31 years$1,514$1,072$743$507$341$55
32 years$1,451$1,014$694$466$308$47
33 years$1,391$960$648$428$279$39
34 years$1,336$910$605$394$252$33
35 years$1,283$863$566$363$229$28
36 years$1,234$820$529$334$207$23
37 years$1,187$778$495$308$188$20
38 years$1,143$740$464$284$170$17
39 years$1,102$703$435$262$154$14
40 years$1,062$669$407$241$140$12
41 years$1,025$637$382$223$127$10
42 years$989$607$358$205$115$8
43 years$955$578$336$190$105$7
44 years$923$551$316$175$95$6
45 years$892$525$296$162$86$5
46 years$863$501$278$149$78$4
47 years$835$478$261$138$71$4
48 years$809$457$246$127$65$3
49 years$783$436$231$118$59$3
50 years$759$417$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 $777,000, adding $3,979 every year, while hoping to spend $23,253 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: 59/25/16 Blend
54$777,000$777,000$777,000$777,000
55$860,358$819,177$807,134$907,365
56$923,374$834,576$809,432$954,999
57$992,038$849,950$811,027$1,003,999
58$1,066,901$865,273$811,873$1,056,895
59$1,148,572$880,518$811,917$1,114,065
60$1,237,717$895,655$811,107$1,175,928
61$1,335,073$910,651$809,388$1,242,944
62$1,441,450$925,471$806,702$1,315,621
63$1,557,738$940,080$802,986$1,394,519
64$1,684,919$954,435$798,178$1,480,254
65$1,824,073$968,496$792,210$1,573,508
66$1,976,392$982,215$785,012$1,675,030
67$2,143,184$995,543$776,510$1,785,647
68$2,325,892$1,008,429$766,627$1,906,271
69$2,526,106$1,020,815$755,282$2,037,906
70$2,745,576$1,032,642$742,391$2,181,662
71$2,986,228$1,043,845$727,864$2,338,758
72$3,250,186$1,054,356$711,610$2,510,544
73$3,539,788$1,064,102$693,532$2,698,503
74$3,857,608$1,073,005$673,527$2,904,273
75$4,206,485$1,080,982$651,491$3,129,660
76$4,589,541$1,087,946$627,311$3,376,653
77$5,010,221$1,093,801$600,872$3,647,446
78$5,472,315$1,098,449$572,053$3,944,460
79$5,980,000$1,101,782$540,726$4,270,361
80$6,537,879$1,103,689$506,759$4,628,090
81$7,151,022$1,104,048$470,014$5,020,888
82$7,825,012$1,102,733$430,346$5,452,331
83$8,566,004$1,099,607$387,603$5,926,357
84$9,380,776$1,094,528$341,628$6,447,311
85$10,276,799$1,087,343$292,256$7,019,983
86$11,262,299$1,077,890$239,314$7,649,651
87$12,346,345$1,065,998$182,622$8,342,137
88$13,538,925$1,051,485$121,992$9,103,855
89$14,851,046$1,034,158$57,229$9,941,880
90$16,294,834$1,013,813$0$10,864,009
91$17,883,651$990,234$0$11,880,866
92$19,632,221$963,193$0$13,010,457
93$21,556,764$932,446$0$14,253,485
94$23,675,155$897,737$0$15,621,503
95$26,007,090$858,795$0$17,127,246
96$28,574,270$815,332$0$18,784,749
97$31,400,607$767,046$0$20,609,477
98$34,512,452$713,613$0$22,618,480
99$37,938,837$654,696$0$24,830,546
100$41,711,756$589,934$0$27,266,379