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%17.1%
1 years$64,329$63,756$63,197$62,651$62,119$60,324
2 years$31,846$31,253$30,678$30,121$29,580$27,786
3 years$21,020$20,424$19,851$19,299$18,767$17,030
4 years$15,608$15,014$14,446$13,904$13,385$11,718
5 years$12,361$11,771$11,211$10,679$10,175$8,583
6 years$10,198$9,612$9,060$8,540$8,051$6,536
7 years$8,653$8,072$7,529$7,021$6,548$5,109
8 years$7,495$6,919$6,385$5,890$5,432$4,068
9 years$6,595$6,025$5,500$5,017$4,574$3,285
10 years$5,875$5,310$4,795$4,325$3,898$2,681
11 years$5,286$4,727$4,221$3,764$3,352$2,205
12 years$4,796$4,243$3,746$3,301$2,905$1,826
13 years$4,382$3,835$3,347$2,915$2,533$1,520
14 years$4,027$3,485$3,007$2,587$2,221$1,271
15 years$3,720$3,184$2,715$2,307$1,955$1,066
16 years$3,451$2,921$2,462$2,066$1,728$897
17 years$3,215$2,690$2,240$1,856$1,532$756
18 years$3,004$2,486$2,045$1,673$1,362$639
19 years$2,816$2,304$1,872$1,512$1,214$541
20 years$2,648$2,141$1,718$1,369$1,085$458
21 years$2,495$1,994$1,580$1,243$971$389
22 years$2,356$1,862$1,456$1,130$870$330
23 years$2,230$1,741$1,345$1,029$781$281
24 years$2,115$1,631$1,244$938$702$239
25 years$2,008$1,531$1,152$857$632$203
26 years$1,911$1,439$1,068$784$569$173
27 years$1,820$1,354$992$717$513$147
28 years$1,736$1,276$922$657$463$126
29 years$1,658$1,204$858$603$418$107
30 years$1,586$1,137$799$553$378$91
31 years$1,518$1,075$745$508$341$78
32 years$1,455$1,017$695$467$309$66
33 years$1,395$963$649$429$279$57
34 years$1,339$913$607$395$253$48
35 years$1,287$866$567$364$229$41
36 years$1,237$822$531$335$208$35
37 years$1,191$780$497$309$188$30
38 years$1,146$742$465$284$171$26
39 years$1,105$705$436$262$155$22
40 years$1,065$671$408$242$140$19
41 years$1,027$639$383$223$127$16
42 years$992$608$359$206$116$14
43 years$958$580$337$190$105$12
44 years$926$552$316$176$95$10
45 years$895$527$297$162$86$8
46 years$865$503$279$150$78$7
47 years$837$480$262$138$71$6
48 years$811$458$246$128$65$5
49 years$785$437$232$118$59$5
50 years$761$418$218$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $779,000, adding $6,690 every year, while hoping to spend $32,773 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: 61/26/13 Blend
54$779,000$779,000$779,000$779,000
55$865,359$824,072$811,997$915,017
56$918,755$829,581$804,329$954,697
57$976,499$834,262$795,305$993,665
58$1,039,001$838,039$784,846$1,035,395
59$1,106,709$840,833$772,868$1,080,154
60$1,180,117$842,558$759,284$1,128,242
61$1,259,770$843,124$744,000$1,179,986
62$1,346,264$842,435$726,922$1,235,748
63$1,440,258$840,389$707,949$1,295,931
64$1,542,474$836,878$686,976$1,360,975
65$1,653,709$831,788$663,892$1,431,372
66$1,774,838$824,996$638,583$1,507,659
67$1,906,824$816,373$610,928$1,590,434
68$2,050,728$805,783$580,801$1,680,356
69$2,207,716$793,080$548,072$1,778,151
70$2,379,073$778,111$512,602$1,884,623
71$2,566,213$760,713$474,249$2,000,658
72$2,770,692$740,713$432,862$2,127,236
73$2,994,223$717,929$388,284$2,265,439
74$3,238,694$692,168$340,352$2,416,458
75$3,506,182$663,225$288,894$2,581,614
76$3,798,973$630,883$233,733$2,762,359
77$4,119,586$594,915$174,681$2,960,299
78$4,470,796$555,077$111,544$3,177,208
79$4,855,655$511,114$44,119$3,415,041
80$5,277,528$462,755$0$3,675,958
81$5,740,121$409,715$0$3,966,202
82$6,247,512$351,690$0$4,291,324
83$6,804,198$288,362$0$4,648,131
84$7,415,127$219,393$0$5,039,860
85$8,085,754$144,427$0$5,470,079
86$8,822,085$63,088$0$5,942,722
87$9,630,736$0$0$6,462,129
88$10,518,997$0$0$7,040,245
89$11,494,898$0$0$7,695,293
90$12,567,283$0$0$8,415,170
91$13,745,899$0$0$9,206,426
92$15,041,481$0$0$10,076,276
93$16,465,858$0$0$11,032,671
94$18,032,061$0$0$12,084,370
95$19,754,448$0$0$13,241,023
96$21,648,835$0$0$14,513,261
97$23,732,653$0$0$15,912,800
98$26,025,103$0$0$17,452,547
99$28,547,341$0$0$19,146,721
100$31,322,680$0$0$21,010,993