Can I retire at age 55 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$64,494$63,920$63,359$62,812$62,278$60,772
2 years$31,928$31,333$30,757$30,198$29,656$28,148
3 years$21,074$20,477$19,902$19,348$18,815$17,352
4 years$15,648$15,052$14,483$13,939$13,419$12,012
5 years$12,393$11,801$11,240$10,707$10,201$8,854
6 years$10,224$9,637$9,083$8,562$8,072$6,787
7 years$8,675$8,093$7,548$7,040$6,564$5,341
8 years$7,514$6,937$6,402$5,905$5,446$4,283
9 years$6,612$6,040$5,514$5,030$4,586$3,484
10 years$5,890$5,324$4,807$4,336$3,908$2,864
11 years$5,300$4,740$4,232$3,774$3,361$2,375
12 years$4,809$4,254$3,756$3,310$2,912$1,982
13 years$4,393$3,844$3,356$2,922$2,540$1,663
14 years$4,037$3,494$3,015$2,594$2,226$1,402
15 years$3,729$3,192$2,722$2,313$1,960$1,186
16 years$3,460$2,929$2,468$2,071$1,732$1,006
17 years$3,223$2,697$2,246$1,861$1,536$856
18 years$3,012$2,492$2,050$1,677$1,366$730
19 years$2,824$2,310$1,877$1,516$1,217$623
20 years$2,654$2,147$1,722$1,373$1,087$533
21 years$2,501$1,999$1,584$1,246$973$456
22 years$2,363$1,866$1,460$1,133$872$391
23 years$2,236$1,746$1,348$1,032$783$336
24 years$2,120$1,636$1,247$941$704$288
25 years$2,014$1,535$1,155$859$633$248
26 years$1,915$1,443$1,071$786$570$213
27 years$1,825$1,358$995$719$514$183
28 years$1,741$1,279$925$659$464$158
29 years$1,663$1,207$860$604$419$136
30 years$1,590$1,140$801$554$379$117
31 years$1,522$1,077$747$509$342$101
32 years$1,458$1,019$697$468$310$87
33 years$1,399$965$651$430$280$75
34 years$1,343$915$608$396$254$64
35 years$1,290$868$569$365$230$56
36 years$1,240$824$532$336$208$48
37 years$1,194$782$498$309$189$41
38 years$1,149$744$466$285$171$36
39 years$1,107$707$437$263$155$31
40 years$1,068$673$409$242$141$26
41 years$1,030$640$384$224$128$23
42 years$994$610$360$206$116$20
43 years$960$581$338$191$105$17
44 years$928$554$317$176$95$15
45 years$897$528$298$163$87$13
46 years$868$504$280$150$79$11
47 years$840$481$263$139$71$9
48 years$813$459$247$128$65$8
49 years$787$438$232$118$59$7
50 years$763$419$218$109$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $781,000, adding $2,025 every year, while hoping to spend $21,533 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: 74/12/14 Blend
54$781,000$781,000$781,000$781,000
55$862,751$821,358$809,252$923,860
56$927,840$838,693$813,451$981,880
57$998,848$856,157$817,069$1,042,569
58$1,076,353$873,731$820,064$1,108,482
59$1,160,996$891,399$822,391$1,180,134
60$1,253,481$909,141$824,004$1,258,088
61$1,354,581$926,935$824,854$1,342,967
62$1,465,152$944,758$824,890$1,435,456
63$1,586,131$962,585$824,058$1,536,311
64$1,718,554$980,389$822,301$1,646,363
65$1,863,559$998,140$819,561$1,766,529
66$2,022,400$1,015,807$815,774$1,897,819
67$2,196,459$1,033,356$810,877$2,041,346
68$2,387,257$1,050,749$804,800$2,198,336
69$2,596,469$1,067,948$797,473$2,370,139
70$2,825,941$1,084,909$788,820$2,558,244
71$3,077,705$1,101,587$778,763$2,764,293
72$3,353,999$1,117,934$767,220$2,990,092
73$3,657,290$1,133,896$754,105$3,237,633
74$3,990,294$1,149,417$739,328$3,509,113
75$4,356,003$1,164,438$722,795$3,806,948
76$4,757,714$1,178,893$704,407$4,133,806
77$5,199,057$1,192,715$684,061$4,492,624
78$5,684,033$1,205,831$661,649$4,886,640
79$6,217,048$1,218,160$637,058$5,319,420
80$6,802,959$1,229,622$610,171$5,794,897
81$7,447,113$1,240,125$580,864$6,317,405
82$8,155,403$1,249,577$549,008$6,891,717
83$8,934,323$1,257,875$514,469$7,523,097
84$9,791,026$1,264,912$477,105$8,217,343
85$10,733,392$1,270,574$436,770$8,980,849
86$11,770,105$1,274,740$393,309$9,820,657
87$12,910,734$1,277,280$346,562$10,744,530
88$14,165,819$1,278,056$296,362$11,761,023
89$15,546,975$1,276,924$242,533$12,879,565
90$17,067,001$1,273,728$184,893$14,110,546
91$18,739,999$1,268,304$123,250$15,465,419
92$20,581,505$1,260,477$57,405$16,956,801
93$22,608,640$1,250,062$0$18,598,603
94$24,840,270$1,236,864$0$20,408,074
95$27,297,181$1,220,673$0$22,409,460
96$30,002,277$1,201,271$0$24,612,828
97$32,980,798$1,178,422$0$27,038,729
98$36,260,555$1,151,879$0$29,709,813
99$39,872,191$1,121,381$0$32,651,036
100$43,849,476$1,086,650$0$35,889,899