Can I retire at age 55 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$64,247$63,674$63,116$62,571$62,039$60,662
2 years$31,805$31,213$30,639$30,082$29,542$28,163
3 years$20,993$20,398$19,825$19,274$18,743$17,403
4 years$15,588$14,995$14,428$13,886$13,368$12,078
5 years$12,346$11,756$11,197$10,666$10,162$8,926
6 years$10,185$9,600$9,048$8,529$8,041$6,860
7 years$8,642$8,062$7,519$7,012$6,539$5,414
8 years$7,485$6,910$6,377$5,883$5,425$4,355
9 years$6,586$6,017$5,492$5,011$4,569$3,553
10 years$5,867$5,303$4,788$4,319$3,893$2,930
11 years$5,280$4,721$4,216$3,759$3,348$2,437
12 years$4,790$4,238$3,741$3,297$2,901$2,041
13 years$4,376$3,830$3,343$2,911$2,530$1,718
14 years$4,022$3,481$3,003$2,584$2,218$1,453
15 years$3,715$3,180$2,712$2,304$1,953$1,234
16 years$3,447$2,918$2,458$2,063$1,726$1,051
17 years$3,210$2,687$2,237$1,854$1,530$897
18 years$3,000$2,483$2,042$1,671$1,361$767
19 years$2,813$2,301$1,870$1,510$1,213$658
20 years$2,644$2,138$1,716$1,367$1,083$565
21 years$2,492$1,992$1,578$1,241$969$485
22 years$2,353$1,859$1,455$1,128$869$418
23 years$2,227$1,739$1,343$1,028$780$360
24 years$2,112$1,629$1,242$937$701$310
25 years$2,006$1,529$1,150$856$631$268
26 years$1,908$1,437$1,067$783$568$231
27 years$1,818$1,352$991$716$512$200
28 years$1,734$1,274$921$656$462$172
29 years$1,656$1,202$857$602$417$149
30 years$1,584$1,135$798$552$377$129
31 years$1,516$1,073$744$507$341$111
32 years$1,453$1,016$694$466$308$96
33 years$1,393$962$648$429$279$83
34 years$1,338$911$606$394$253$72
35 years$1,285$865$566$363$229$63
36 years$1,236$821$530$334$207$54
37 years$1,189$779$496$308$188$47
38 years$1,145$741$464$284$170$41
39 years$1,103$704$435$262$155$35
40 years$1,064$670$408$242$140$30
41 years$1,026$638$382$223$127$26
42 years$991$607$359$206$115$23
43 years$957$579$337$190$105$20
44 years$924$552$316$175$95$17
45 years$894$526$297$162$86$15
46 years$864$502$279$150$78$13
47 years$836$479$262$138$71$11
48 years$810$457$246$128$65$10
49 years$784$437$231$118$59$8
50 years$760$417$217$109$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $778,000, adding $5,957 every year, while hoping to spend $59,117 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: 60/10/30 Blend
54$778,000$778,000$778,000$778,000
55$863,501$822,267$810,208$907,939
56$888,678$799,658$774,450$916,386
57$914,441$773,960$735,512$918,803
58$940,789$744,958$693,227$920,227
59$967,717$712,428$647,417$920,576
60$995,216$676,129$597,897$919,763
61$1,023,277$635,809$544,476$917,695
62$1,051,887$591,199$486,951$914,273
63$1,081,028$542,016$425,113$909,391
64$1,110,680$487,962$358,741$902,935
65$1,140,817$428,720$287,607$894,785
66$1,171,409$363,956$211,470$884,812
67$1,202,419$293,316$130,081$872,877
68$1,233,805$216,429$43,179$858,832
69$1,265,519$132,899$0$842,520
70$1,297,501$42,310$0$839,635
71$1,329,688$0$0$849,911
72$1,362,002$0$0$865,553
73$1,394,358$0$0$885,844
74$1,426,657$0$0$906,063
75$1,458,789$0$0$926,135
76$1,490,625$0$0$945,976
77$1,522,026$0$0$965,489
78$1,552,828$0$0$984,568
79$1,582,853$0$0$1,003,092
80$1,611,896$0$0$1,020,926
81$1,639,731$0$0$1,037,918
82$1,666,103$0$0$1,053,897
83$1,690,728$0$0$1,068,675
84$1,713,286$0$0$1,082,040
85$1,733,424$0$0$1,093,755
86$1,750,745$0$0$1,103,558
87$1,764,809$0$0$1,111,155
88$1,775,126$0$0$1,116,221
89$1,781,149$0$0$1,118,393
90$1,782,274$0$0$1,117,268
91$1,777,825$0$0$1,112,400
92$1,767,056$0$0$1,103,292
93$1,749,138$0$0$1,089,394
94$1,723,149$0$0$1,070,095
95$1,688,072$0$0$1,044,721
96$1,642,774$0$0$1,012,520
97$1,586,006$0$0$972,664
98$1,516,382$0$0$924,234
99$1,432,366$0$0$866,213
100$1,332,262$0$0$797,477