Can I retire at age 55 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$64,412$63,838$63,278$62,732$62,198$61,884
2 years$31,887$31,293$30,718$30,160$29,618$29,301
3 years$21,047$20,450$19,876$19,323$18,791$18,481
4 years$15,628$15,033$14,465$13,921$13,402$13,101
5 years$12,377$11,786$11,225$10,693$10,188$9,897
6 years$10,211$9,624$9,072$8,551$8,061$7,781
7 years$8,664$8,082$7,539$7,031$6,556$6,287
8 years$7,505$6,928$6,393$5,898$5,439$5,180
9 years$6,603$6,032$5,507$5,024$4,580$4,332
10 years$5,882$5,317$4,801$4,330$3,903$3,665
11 years$5,293$4,734$4,227$3,769$3,356$3,129
12 years$4,803$4,249$3,751$3,306$2,909$2,692
13 years$4,388$3,839$3,351$2,918$2,536$2,330
14 years$4,032$3,490$3,011$2,591$2,223$2,026
15 years$3,725$3,188$2,719$2,310$1,958$1,770
16 years$3,456$2,925$2,465$2,069$1,730$1,552
17 years$3,219$2,694$2,243$1,859$1,534$1,365
18 years$3,008$2,489$2,047$1,675$1,364$1,203
19 years$2,820$2,307$1,874$1,514$1,216$1,064
20 years$2,651$2,144$1,720$1,371$1,086$942
21 years$2,498$1,997$1,582$1,244$972$836
22 years$2,359$1,864$1,458$1,131$871$742
23 years$2,233$1,743$1,346$1,030$782$661
24 years$2,117$1,633$1,245$940$703$588
25 years$2,011$1,533$1,153$858$632$525
26 years$1,913$1,441$1,070$785$570$468
27 years$1,822$1,356$993$718$514$418
28 years$1,738$1,278$923$658$463$374
29 years$1,660$1,205$859$603$418$334
30 years$1,588$1,138$800$554$378$299
31 years$1,520$1,076$746$509$342$268
32 years$1,456$1,018$696$467$309$240
33 years$1,397$964$650$430$280$215
34 years$1,341$914$607$395$253$193
35 years$1,288$867$568$364$229$173
36 years$1,239$823$531$335$208$155
37 years$1,192$781$497$309$188$139
38 years$1,148$743$466$285$171$125
39 years$1,106$706$436$263$155$112
40 years$1,066$672$409$242$141$101
41 years$1,029$639$383$223$127$90
42 years$993$609$360$206$116$81
43 years$959$580$337$190$105$73
44 years$927$553$317$176$95$66
45 years$896$527$297$162$87$59
46 years$867$503$279$150$79$53
47 years$839$480$262$139$71$48
48 years$812$458$247$128$65$43
49 years$786$438$232$118$59$38
50 years$762$418$218$109$53$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $780,000, adding $6,645 every year, while hoping to spend $37,196 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: 42/29/29 Blend
54$780,000$780,000$780,000$780,000
55$866,414$825,074$812,984$895,213
56$915,212$825,927$800,643$917,459
57$967,741$825,574$786,642$937,551
58$1,024,342$823,919$770,885$958,608
59$1,085,389$820,855$753,275$980,742
60$1,151,296$816,274$733,706$1,004,078
61$1,222,513$810,056$712,070$1,028,759
62$1,299,539$802,079$688,254$1,054,942
63$1,382,920$792,208$662,139$1,082,804
64$1,473,256$780,305$633,599$1,112,544
65$1,571,210$766,222$602,506$1,144,384
66$1,677,506$749,800$568,723$1,178,571
67$1,792,945$730,873$532,108$1,215,383
68$1,918,405$709,265$492,514$1,255,128
69$2,054,854$684,790$449,784$1,298,150
70$2,203,354$657,250$403,757$1,344,833
71$2,365,077$626,436$354,263$1,395,606
72$2,541,310$592,127$301,127$1,450,943
73$2,733,472$554,090$244,163$1,511,376
74$2,943,122$512,076$183,178$1,577,492
75$3,171,977$465,825$117,972$1,649,948
76$3,421,929$415,060$48,334$1,729,471
77$3,695,058$359,490$0$1,816,870
78$3,993,654$298,806$0$1,921,083
79$4,320,241$232,681$0$2,051,550
80$4,677,596$160,773$0$2,194,480
81$5,068,777$82,717$0$2,351,177
82$5,497,151$0$0$2,523,083
83$5,966,427$0$0$2,712,387
84$6,480,689$0$0$2,948,861
85$7,044,435$0$0$3,208,189
86$7,662,619$0$0$3,492,663
87$8,340,696$0$0$3,804,807
88$9,084,677$0$0$4,147,399
89$9,901,181$0$0$4,523,503
90$10,797,499$0$0$4,936,491
91$11,781,662$0$0$5,390,080
92$12,862,519$0$0$5,888,361
93$14,049,817$0$0$6,435,844
94$15,354,291$0$0$7,037,497
95$16,787,770$0$0$7,698,793
96$18,363,285$0$0$8,425,759
97$20,095,193$0$0$9,225,040
98$21,999,309$0$0$10,103,953
99$24,093,058$0$0$11,070,561
100$26,395,640$0$0$12,133,746