Can I retire at age 55 with 782,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$64,577$64,002$63,440$62,893$62,358$61,681
2 years$31,969$31,373$30,796$30,237$29,694$29,013
3 years$21,101$20,503$19,927$19,373$18,839$18,174
4 years$15,668$15,072$14,502$13,957$13,436$12,793
5 years$12,409$11,816$11,254$10,720$10,214$9,594
6 years$10,237$9,649$9,095$8,573$8,082$7,486
7 years$8,686$8,103$7,558$7,049$6,573$6,002
8 years$7,524$6,946$6,410$5,913$5,453$4,906
9 years$6,620$6,048$5,521$5,036$4,592$4,070
10 years$5,898$5,331$4,813$4,341$3,913$3,414
11 years$5,307$4,746$4,237$3,778$3,365$2,890
12 years$4,815$4,259$3,761$3,314$2,916$2,464
13 years$4,399$3,849$3,360$2,926$2,543$2,113
14 years$4,043$3,499$3,019$2,597$2,229$1,822
15 years$3,734$3,196$2,726$2,316$1,963$1,576
16 years$3,465$2,933$2,471$2,074$1,735$1,369
17 years$3,227$2,701$2,249$1,863$1,538$1,192
18 years$3,016$2,496$2,053$1,679$1,368$1,041
19 years$2,827$2,313$1,879$1,517$1,219$911
20 years$2,658$2,149$1,725$1,374$1,089$798
21 years$2,505$2,002$1,586$1,247$974$701
22 years$2,366$1,869$1,462$1,134$873$616
23 years$2,239$1,748$1,350$1,033$784$543
24 years$2,123$1,638$1,248$942$705$478
25 years$2,016$1,537$1,156$860$634$422
26 years$1,918$1,444$1,072$787$571$372
27 years$1,827$1,359$996$720$515$329
28 years$1,743$1,281$926$660$465$291
29 years$1,665$1,208$861$605$420$257
30 years$1,592$1,141$802$555$379$227
31 years$1,524$1,079$748$510$343$201
32 years$1,460$1,021$698$469$310$178
33 years$1,400$967$652$431$281$158
34 years$1,344$916$609$396$254$140
35 years$1,292$869$569$365$230$124
36 years$1,242$825$533$336$208$110
37 years$1,195$783$498$310$189$98
38 years$1,151$744$467$285$171$86
39 years$1,109$708$437$263$155$77
40 years$1,069$674$410$243$141$68
41 years$1,031$641$384$224$128$60
42 years$996$611$361$207$116$54
43 years$962$582$338$191$105$48
44 years$929$555$318$176$96$42
45 years$898$529$298$163$87$37
46 years$869$504$280$150$79$33
47 years$841$481$263$139$72$30
48 years$814$460$247$128$65$26
49 years$788$439$232$119$59$23
50 years$764$419$219$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $782,000, adding $4,781 every year, while hoping to spend $37,563 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: 37/44/19 Blend
54$782,000$782,000$782,000$782,000
55$866,696$825,250$813,129$893,635
56$915,132$825,720$800,402$914,050
57$967,250$824,955$785,989$932,200
58$1,023,385$822,853$769,796$951,024
59$1,083,906$819,309$751,720$970,604
60$1,149,219$814,210$731,657$991,032
61$1,219,769$807,435$709,497$1,012,413
62$1,296,044$798,859$685,124$1,034,866
63$1,378,583$788,345$658,419$1,058,523
64$1,467,977$775,753$629,254$1,083,536
65$1,564,876$760,930$597,499$1,110,075
66$1,669,994$743,716$563,016$1,138,328
67$1,784,117$723,942$525,661$1,168,511
68$1,908,110$701,428$485,284$1,200,865
69$2,042,924$675,985$441,727$1,235,657
70$2,189,605$647,411$394,828$1,273,190
71$2,349,304$615,493$344,413$1,313,802
72$2,523,287$580,006$290,305$1,357,869
73$2,712,949$540,713$232,317$1,405,814
74$2,919,823$497,361$170,253$1,458,109
75$3,145,598$449,685$103,910$1,515,278
76$3,392,133$397,404$33,075$1,577,908
77$3,661,473$340,219$0$1,646,654
78$3,955,872$277,818$0$1,730,862
79$4,277,808$209,869$0$1,830,440
80$4,630,012$136,020$0$1,939,627
81$5,015,492$55,903$0$2,059,477
82$5,437,556$0$0$2,191,160
83$5,899,852$0$0$2,350,919
84$6,406,393$0$0$2,555,733
85$6,961,601$0$0$2,780,337
86$7,570,345$0$0$3,026,714
87$8,237,989$0$0$3,297,048
88$8,970,441$0$0$3,593,748
89$9,774,205$0$0$3,919,463
90$10,656,451$0$0$4,277,115
91$11,625,071$0$0$4,669,920
92$12,688,764$0$0$5,101,422
93$13,857,108$0$0$5,575,526
94$15,140,656$0$0$6,096,531
95$16,551,036$0$0$6,669,176
96$18,101,054$0$0$7,298,681
97$19,804,822$0$0$7,990,797
98$21,677,883$0$0$8,751,860
99$23,737,366$0$0$9,588,850
100$26,002,138$0$0$10,509,459