Can I retire at age 55 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$64,329$63,756$63,197$62,651$62,119$59,654
2 years$31,846$31,253$30,678$30,121$29,580$27,128
3 years$21,020$20,424$19,851$19,299$18,767$16,404
4 years$15,608$15,014$14,446$13,904$13,385$11,129
5 years$12,361$11,771$11,211$10,679$10,175$8,032
6 years$10,198$9,612$9,060$8,540$8,051$6,023
7 years$8,653$8,072$7,529$7,021$6,548$4,633
8 years$7,495$6,919$6,385$5,890$5,432$3,629
9 years$6,595$6,025$5,500$5,017$4,574$2,880
10 years$5,875$5,310$4,795$4,325$3,898$2,309
11 years$5,286$4,727$4,221$3,764$3,352$1,866
12 years$4,796$4,243$3,746$3,301$2,905$1,517
13 years$4,382$3,835$3,347$2,915$2,533$1,239
14 years$4,027$3,485$3,007$2,587$2,221$1,015
15 years$3,720$3,184$2,715$2,307$1,955$835
16 years$3,451$2,921$2,462$2,066$1,728$688
17 years$3,215$2,690$2,240$1,856$1,532$569
18 years$3,004$2,486$2,045$1,673$1,362$471
19 years$2,816$2,304$1,872$1,512$1,214$390
20 years$2,648$2,141$1,718$1,369$1,085$323
21 years$2,495$1,994$1,580$1,243$971$269
22 years$2,356$1,862$1,456$1,130$870$223
23 years$2,230$1,741$1,345$1,029$781$186
24 years$2,115$1,631$1,244$938$702$154
25 years$2,008$1,531$1,152$857$632$128
26 years$1,911$1,439$1,068$784$569$107
27 years$1,820$1,354$992$717$513$89
28 years$1,736$1,276$922$657$463$74
29 years$1,658$1,204$858$603$418$62
30 years$1,586$1,137$799$553$378$51
31 years$1,518$1,075$745$508$341$43
32 years$1,455$1,017$695$467$309$36
33 years$1,395$963$649$429$279$30
34 years$1,339$913$607$395$253$25
35 years$1,287$866$567$364$229$21
36 years$1,237$822$531$335$208$17
37 years$1,191$780$497$309$188$14
38 years$1,146$742$465$284$171$12
39 years$1,105$705$436$262$155$10
40 years$1,065$671$408$242$140$8
41 years$1,027$639$383$223$127$7
42 years$992$608$359$206$116$6
43 years$958$580$337$190$105$5
44 years$926$552$316$176$95$4
45 years$895$527$297$162$86$3
46 years$865$503$279$150$78$3
47 years$837$480$262$138$71$2
48 years$811$458$246$128$65$2
49 years$785$437$232$118$59$2
50 years$761$418$218$109$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $779,000, adding $3,973 every year, while hoping to spend $41,742 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: 54/18/28 Blend
54$779,000$779,000$779,000$779,000
55$862,556$821,269$809,195$902,226
56$906,124$817,098$791,890$925,912
57$952,736$811,324$772,606$947,082
58$1,002,660$803,823$751,233$969,295
59$1,056,187$794,467$727,655$992,668
60$1,113,639$783,117$701,752$1,017,330
61$1,175,368$769,626$673,398$1,043,427
62$1,241,758$753,841$642,460$1,071,121
63$1,313,236$735,598$608,801$1,100,594
64$1,390,266$714,722$572,275$1,132,049
65$1,473,360$691,030$532,734$1,165,712
66$1,563,080$664,328$490,018$1,201,835
67$1,660,044$634,410$443,963$1,240,700
68$1,764,930$601,058$394,398$1,282,619
69$1,878,485$564,042$341,142$1,327,942
70$2,001,529$523,118$284,009$1,377,056
71$2,134,964$478,030$222,802$1,430,393
72$2,279,781$428,504$157,317$1,488,432
73$2,437,072$374,254$87,340$1,551,708
74$2,608,036$314,975$12,649$1,620,812
75$2,793,994$250,347$0$1,696,402
76$2,996,397$180,030$0$1,799,243
77$3,216,844$103,666$0$1,915,445
78$3,457,093$20,877$0$2,042,201
79$3,719,080$0$0$2,180,585
80$4,004,935$0$0$2,345,400
81$4,317,001$0$0$2,529,912
82$4,657,861$0$0$2,731,521
83$5,030,355$0$0$2,951,915
84$5,437,611$0$0$3,192,957
85$5,883,073$0$0$3,456,692
86$6,370,533$0$0$3,745,378
87$6,904,167$0$0$4,061,496
88$7,488,573$0$0$4,407,783
89$8,128,814$0$0$4,787,249
90$8,830,466$0$0$5,203,212
91$9,599,671$0$0$5,659,324
92$10,443,192$0$0$6,159,609
93$11,368,480$0$0$6,708,499
94$12,383,739$0$0$7,310,875
95$13,498,009$0$0$7,972,114
96$14,721,245$0$0$8,698,138
97$16,064,414$0$0$9,495,473
98$17,539,596$0$0$10,371,304
99$19,160,100$0$0$11,333,550
100$20,940,587$0$0$12,390,932