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%14.8%
1 years$64,412$63,838$63,278$62,732$62,198$60,967
2 years$31,887$31,293$30,718$30,160$29,618$28,383
3 years$21,047$20,450$19,876$19,323$18,791$17,591
4 years$15,628$15,033$14,465$13,921$13,402$12,245
5 years$12,377$11,786$11,225$10,693$10,188$9,078
6 years$10,211$9,624$9,072$8,551$8,061$7,000
7 years$8,664$8,082$7,539$7,031$6,556$5,543
8 years$7,505$6,928$6,393$5,898$5,439$4,474
9 years$6,603$6,032$5,507$5,024$4,580$3,663
10 years$5,882$5,317$4,801$4,330$3,903$3,032
11 years$5,293$4,734$4,227$3,769$3,356$2,532
12 years$4,803$4,249$3,751$3,306$2,909$2,128
13 years$4,388$3,839$3,351$2,918$2,536$1,799
14 years$4,032$3,490$3,011$2,591$2,223$1,528
15 years$3,725$3,188$2,719$2,310$1,958$1,303
16 years$3,456$2,925$2,465$2,069$1,730$1,114
17 years$3,219$2,694$2,243$1,859$1,534$955
18 years$3,008$2,489$2,047$1,675$1,364$821
19 years$2,820$2,307$1,874$1,514$1,216$707
20 years$2,651$2,144$1,720$1,371$1,086$609
21 years$2,498$1,997$1,582$1,244$972$526
22 years$2,359$1,864$1,458$1,131$871$455
23 years$2,233$1,743$1,346$1,030$782$394
24 years$2,117$1,633$1,245$940$703$341
25 years$2,011$1,533$1,153$858$632$296
26 years$1,913$1,441$1,070$785$570$256
27 years$1,822$1,356$993$718$514$223
28 years$1,738$1,278$923$658$463$193
29 years$1,660$1,205$859$603$418$168
30 years$1,588$1,138$800$554$378$146
31 years$1,520$1,076$746$509$342$127
32 years$1,456$1,018$696$467$309$110
33 years$1,397$964$650$430$280$96
34 years$1,341$914$607$395$253$83
35 years$1,288$867$568$364$229$73
36 years$1,239$823$531$335$208$63
37 years$1,192$781$497$309$188$55
38 years$1,148$743$466$285$171$48
39 years$1,106$706$436$263$155$42
40 years$1,066$672$409$242$141$36
41 years$1,029$639$383$223$127$32
42 years$993$609$360$206$116$27
43 years$959$580$337$190$105$24
44 years$927$553$317$176$95$21
45 years$896$527$297$162$87$18
46 years$867$503$279$150$79$16
47 years$839$480$262$139$71$14
48 years$812$458$247$128$65$12
49 years$786$438$232$118$59$10
50 years$762$418$218$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $780,000, adding $2,909 every year, while hoping to spend $52,184 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: 39/40/21 Blend
54$780,000$780,000$780,000$780,000
55$862,561$821,221$809,131$890,706
56$895,018$805,937$780,713$895,962
57$929,038$788,156$749,595$896,484
58$964,723$767,699$715,630$895,985
59$1,002,188$744,379$678,666$894,403
60$1,041,554$717,996$638,544$891,672
61$1,082,956$688,341$595,099$887,724
62$1,126,538$655,191$548,155$882,492
63$1,172,459$618,309$497,533$875,906
64$1,220,891$577,447$443,041$867,893
65$1,272,021$532,342$384,482$858,381
66$1,326,055$482,714$321,650$847,296
67$1,383,215$428,270$254,328$834,565
68$1,443,745$368,697$182,290$820,112
69$1,507,912$303,668$105,302$803,862
70$1,576,006$232,835$23,116$785,743
71$1,648,346$155,831$0$765,682
72$1,725,280$72,270$0$758,079
73$1,807,188$0$0$754,863
74$1,894,488$0$0$758,883
75$1,987,636$0$0$797,173
76$2,087,131$0$0$838,136
77$2,193,524$0$0$882,007
78$2,307,413$0$0$929,042
79$2,429,460$0$0$979,522
80$2,560,385$0$0$1,033,755
81$2,700,984$0$0$1,092,082
82$2,852,125$0$0$1,154,875
83$3,014,766$0$0$1,222,541
84$3,189,956$0$0$1,295,530
85$3,378,847$0$0$1,374,334
86$3,582,705$0$0$1,459,497
87$3,802,922$0$0$1,551,614
88$4,041,028$0$0$1,651,338
89$4,298,701$0$0$1,759,390
90$4,577,790$0$0$1,876,562
91$4,880,326$0$0$2,003,723
92$5,208,541$0$0$2,141,830
93$5,564,894$0$0$2,291,938
94$5,952,084$0$0$2,455,202
95$6,373,083$0$0$2,632,899
96$6,831,163$0$0$2,826,429
97$7,329,919$0$0$3,037,336
98$7,873,311$0$0$3,267,318
99$8,465,694$0$0$3,518,244
100$9,111,863$0$0$3,792,170