Can I retire at age 55 with 778,000?

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 $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%15.6%
1 years$64,247$63,674$63,116$62,571$62,039$60,613
2 years$31,805$31,213$30,639$30,082$29,542$28,114
3 years$20,993$20,398$19,825$19,274$18,743$17,356
4 years$15,588$14,995$14,428$13,886$13,368$12,033
5 years$12,346$11,756$11,197$10,666$10,162$8,884
6 years$10,185$9,600$9,048$8,529$8,041$6,820
7 years$8,642$8,062$7,519$7,012$6,539$5,376
8 years$7,485$6,910$6,377$5,883$5,425$4,319
9 years$6,586$6,017$5,492$5,011$4,569$3,520
10 years$5,867$5,303$4,788$4,319$3,893$2,899
11 years$5,280$4,721$4,216$3,759$3,348$2,408
12 years$4,790$4,238$3,741$3,297$2,901$2,014
13 years$4,376$3,830$3,343$2,911$2,530$1,694
14 years$4,022$3,481$3,003$2,584$2,218$1,430
15 years$3,715$3,180$2,712$2,304$1,953$1,213
16 years$3,447$2,918$2,458$2,063$1,726$1,031
17 years$3,210$2,687$2,237$1,854$1,530$879
18 years$3,000$2,483$2,042$1,671$1,361$751
19 years$2,813$2,301$1,870$1,510$1,213$643
20 years$2,644$2,138$1,716$1,367$1,083$551
21 years$2,492$1,992$1,578$1,241$969$473
22 years$2,353$1,859$1,455$1,128$869$406
23 years$2,227$1,739$1,343$1,028$780$349
24 years$2,112$1,629$1,242$937$701$301
25 years$2,006$1,529$1,150$856$631$259
26 years$1,908$1,437$1,067$783$568$223
27 years$1,818$1,352$991$716$512$193
28 years$1,734$1,274$921$656$462$166
29 years$1,656$1,202$857$602$417$143
30 years$1,584$1,135$798$552$377$124
31 years$1,516$1,073$744$507$341$107
32 years$1,453$1,016$694$466$308$92
33 years$1,393$962$648$429$279$80
34 years$1,338$911$606$394$253$69
35 years$1,285$865$566$363$229$60
36 years$1,236$821$530$334$207$51
37 years$1,189$779$496$308$188$44
38 years$1,145$741$464$284$170$38
39 years$1,103$704$435$262$155$33
40 years$1,064$670$408$242$140$29
41 years$1,026$638$382$223$127$25
42 years$991$607$359$206$115$22
43 years$957$579$337$190$105$19
44 years$924$552$316$175$95$16
45 years$894$526$297$162$86$14
46 years$864$502$279$150$78$12
47 years$836$479$262$138$71$10
48 years$810$457$246$128$65$9
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 $6,117 every year, while hoping to spend $27,306 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: 57/22/21 Blend
54$778,000$778,000$778,000$778,000
55$863,666$822,432$810,373$907,704
56$922,706$833,677$808,467$949,657
57$986,854$844,559$805,582$991,905
58$1,056,600$855,030$801,656$1,037,352
59$1,132,487$865,040$796,625$1,086,312
60$1,215,110$874,536$790,422$1,139,132
61$1,305,125$883,462$782,974$1,196,196
62$1,403,252$891,756$774,208$1,257,926
63$1,510,286$899,354$764,046$1,324,790
64$1,627,100$906,188$752,407$1,397,303
65$1,754,656$912,183$739,205$1,476,034
66$1,894,013$917,262$724,350$1,561,610
67$2,046,337$921,343$707,751$1,654,724
68$2,212,911$924,335$689,307$1,756,141
69$2,395,147$926,147$668,918$1,866,705
70$2,594,601$926,678$646,477$1,987,346
71$2,812,988$925,822$621,871$2,119,093
72$3,052,192$923,467$594,983$2,263,078
73$3,314,292$919,493$565,691$2,420,554
74$3,601,576$913,774$533,868$2,592,899
75$3,916,563$906,176$499,379$2,781,638
76$4,262,029$896,555$462,085$2,988,450
77$4,641,031$884,761$421,839$3,215,189
78$5,056,936$870,634$378,491$3,463,900
79$5,513,452$854,004$331,879$3,736,840
80$6,014,665$834,692$281,838$4,036,496
81$6,565,076$812,506$228,195$4,365,615
82$7,169,641$787,247$170,767$4,727,224
83$7,833,823$758,700$109,366$5,124,665
84$8,563,636$726,639$43,793$5,561,620
85$9,365,710$690,827$0$6,042,153
86$10,247,345$651,011$0$6,576,615
87$11,216,586$606,923$0$7,174,932
88$12,282,297$558,281$0$7,832,784
89$13,454,241$504,786$0$8,556,235
90$14,743,177$446,124$0$9,351,970
91$16,160,957$381,960$0$10,227,356
92$17,720,641$311,942$0$11,190,515
93$19,436,617$235,698$0$12,250,398
94$21,324,740$152,836$0$13,416,874
95$23,402,477$62,938$0$14,700,818
96$25,689,076$0$0$16,114,218
97$28,205,744$0$0$17,678,625
98$30,975,848$0$0$19,417,424
99$34,025,136$0$0$21,331,552
100$37,381,978$0$0$23,438,827