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%17.6%
1 years$64,247$63,674$63,116$62,571$62,039$60,125
2 years$31,805$31,213$30,639$30,082$29,542$27,631
3 years$20,993$20,398$19,825$19,274$18,743$16,894
4 years$15,588$14,995$14,428$13,886$13,368$11,595
5 years$12,346$11,756$11,197$10,666$10,162$8,471
6 years$10,185$9,600$9,048$8,529$8,041$6,432
7 years$8,642$8,062$7,519$7,012$6,539$5,014
8 years$7,485$6,910$6,377$5,883$5,425$3,981
9 years$6,586$6,017$5,492$5,011$4,569$3,205
10 years$5,867$5,303$4,788$4,319$3,893$2,607
11 years$5,280$4,721$4,216$3,759$3,348$2,138
12 years$4,790$4,238$3,741$3,297$2,901$1,765
13 years$4,376$3,830$3,343$2,911$2,530$1,464
14 years$4,022$3,481$3,003$2,584$2,218$1,220
15 years$3,715$3,180$2,712$2,304$1,953$1,020
16 years$3,447$2,918$2,458$2,063$1,726$855
17 years$3,210$2,687$2,237$1,854$1,530$718
18 years$3,000$2,483$2,042$1,671$1,361$604
19 years$2,813$2,301$1,870$1,510$1,213$510
20 years$2,644$2,138$1,716$1,367$1,083$430
21 years$2,492$1,992$1,578$1,241$969$364
22 years$2,353$1,859$1,455$1,128$869$308
23 years$2,227$1,739$1,343$1,028$780$260
24 years$2,112$1,629$1,242$937$701$221
25 years$2,006$1,529$1,150$856$631$187
26 years$1,908$1,437$1,067$783$568$159
27 years$1,818$1,352$991$716$512$135
28 years$1,734$1,274$921$656$462$114
29 years$1,656$1,202$857$602$417$97
30 years$1,584$1,135$798$552$377$82
31 years$1,516$1,073$744$507$341$70
32 years$1,453$1,016$694$466$308$59
33 years$1,393$962$648$429$279$50
34 years$1,338$911$606$394$253$43
35 years$1,285$865$566$363$229$36
36 years$1,236$821$530$334$207$31
37 years$1,189$779$496$308$188$26
38 years$1,145$741$464$284$170$22
39 years$1,103$704$435$262$155$19
40 years$1,064$670$408$242$140$16
41 years$1,026$638$382$223$127$14
42 years$991$607$359$206$115$12
43 years$957$579$337$190$105$10
44 years$924$552$316$175$95$8
45 years$894$526$297$162$86$7
46 years$864$502$279$150$78$6
47 years$836$479$262$138$71$5
48 years$810$457$246$128$65$4
49 years$784$437$231$118$59$4
50 years$760$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $778,000, adding $6,530 every year, while hoping to spend $47,362 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: 42/44/14 Blend
54$778,000$778,000$778,000$778,000
55$864,092$822,858$810,799$896,583
56$901,836$812,785$787,568$909,990
57$941,843$800,631$761,971$919,303
58$984,294$786,245$733,879$928,359
59$1,029,385$769,464$703,158$937,156
60$1,077,334$750,119$669,665$945,694
61$1,128,376$728,029$633,253$953,978
62$1,182,771$703,003$593,768$962,018
63$1,240,803$674,839$551,048$969,829
64$1,302,781$643,323$504,924$977,431
65$1,369,047$608,228$455,221$984,852
66$1,439,973$569,314$401,755$992,127
67$1,515,969$526,330$344,332$999,302
68$1,597,484$479,006$282,754$1,006,433
69$1,685,011$427,060$216,809$1,013,585
70$1,779,089$370,194$146,280$1,020,840
71$1,880,313$308,090$70,937$1,028,294
72$1,989,335$240,416$0$1,036,060
73$2,106,869$166,819$0$1,045,686
74$2,233,702$86,925$0$1,067,310
75$2,370,699$343$0$1,090,545
76$2,518,807$0$0$1,115,637
77$2,679,071$0$0$1,188,062
78$2,852,637$0$0$1,266,760
79$3,040,766$0$0$1,352,147
80$3,244,845$0$0$1,444,863
81$3,466,398$0$0$1,545,611
82$3,707,104$0$0$1,655,168
83$3,968,805$0$0$1,774,384
84$4,253,534$0$0$1,904,198
85$4,563,521$0$0$2,045,641
86$4,901,225$0$0$2,199,848
87$5,269,351$0$0$2,368,069
88$5,670,873$0$0$2,551,679
89$6,109,068$0$0$2,752,193
90$6,587,542$0$0$2,971,277
91$7,110,263$0$0$3,210,766
92$7,681,602$0$0$3,472,680
93$8,306,369$0$0$3,759,243
94$8,989,862$0$0$4,072,904
95$9,737,913$0$0$4,416,361
96$10,556,944$0$0$4,792,584
97$11,454,028$0$0$5,204,842
98$12,436,953$0$0$5,656,738
99$13,514,297$0$0$6,152,239
100$14,695,507$0$0$6,695,714