Can I retire at age 55 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$64,659$64,083$63,522$62,973$62,438$61,992
2 years$32,010$31,413$30,836$30,276$29,732$29,283
3 years$21,128$20,529$19,953$19,398$18,863$18,424
4 years$15,688$15,091$14,520$13,975$13,453$13,028
5 years$12,425$11,832$11,268$10,734$10,227$9,817
6 years$10,250$9,661$9,107$8,584$8,092$7,697
7 years$8,697$8,114$7,568$7,058$6,581$6,202
8 years$7,533$6,955$6,418$5,920$5,460$5,096
9 years$6,629$6,055$5,528$5,043$4,598$4,249
10 years$5,905$5,338$4,819$4,347$3,918$3,584
11 years$5,314$4,752$4,243$3,783$3,369$3,051
12 years$4,821$4,265$3,765$3,318$2,920$2,616
13 years$4,404$3,854$3,364$2,930$2,546$2,257
14 years$4,048$3,503$3,023$2,601$2,232$1,957
15 years$3,739$3,200$2,729$2,319$1,965$1,704
16 years$3,469$2,936$2,474$2,077$1,737$1,488
17 years$3,231$2,704$2,252$1,866$1,540$1,305
18 years$3,020$2,499$2,055$1,682$1,369$1,146
19 years$2,831$2,316$1,882$1,519$1,220$1,009
20 years$2,661$2,152$1,727$1,376$1,090$891
21 years$2,508$2,005$1,588$1,249$976$787
22 years$2,369$1,871$1,464$1,136$874$697
23 years$2,242$1,750$1,352$1,034$785$618
24 years$2,125$1,640$1,250$943$706$548
25 years$2,019$1,539$1,158$861$635$487
26 years$1,920$1,446$1,074$788$572$433
27 years$1,829$1,361$997$721$516$385
28 years$1,745$1,283$927$661$465$343
29 years$1,667$1,210$863$606$420$305
30 years$1,594$1,143$803$556$380$272
31 years$1,526$1,080$749$511$343$243
32 years$1,462$1,022$699$469$310$217
33 years$1,402$968$653$431$281$193
34 years$1,346$917$610$397$254$173
35 years$1,293$870$570$365$230$154
36 years$1,244$826$533$337$209$138
37 years$1,197$784$499$310$189$123
38 years$1,152$745$467$286$172$110
39 years$1,110$709$438$264$156$98
40 years$1,070$674$410$243$141$88
41 years$1,033$642$385$224$128$79
42 years$997$611$361$207$116$70
43 years$963$583$339$191$105$63
44 years$930$555$318$176$96$56
45 years$899$529$299$163$87$50
46 years$870$505$280$150$79$45
47 years$842$482$263$139$72$40
48 years$815$460$248$128$65$36
49 years$789$439$233$119$59$32
50 years$764$420$219$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $783,000, adding $3,997 every year, while hoping to spend $29,307 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: 52/34/14 Blend
54$783,000$783,000$783,000$783,000
55$866,989$825,490$813,353$908,616
56$924,239$834,756$809,418$946,785
57$986,347$843,495$804,369$984,834
58$1,053,777$851,648$798,138$1,025,556
59$1,127,039$859,156$790,652$1,069,210
60$1,206,696$865,954$781,838$1,116,086
61$1,293,366$871,973$771,617$1,166,502
62$1,387,729$877,139$759,906$1,220,810
63$1,490,535$881,376$746,620$1,279,398
64$1,602,606$884,600$731,668$1,342,696
65$1,724,849$886,723$714,957$1,411,180
66$1,858,263$887,651$696,387$1,485,372
67$2,003,945$887,286$675,855$1,565,852
68$2,163,106$885,521$653,255$1,653,261
69$2,337,076$882,245$628,472$1,748,304
70$2,527,320$877,338$601,388$1,851,763
71$2,735,454$870,674$571,882$1,964,498
72$2,963,252$862,120$539,822$2,087,463
73$3,212,673$851,533$505,076$2,221,707
74$3,485,871$838,763$467,501$2,368,393
75$3,785,219$823,651$426,950$2,528,802
76$4,113,329$806,027$383,271$2,704,348
77$4,473,080$785,714$336,302$2,896,595
78$4,867,641$762,522$285,876$3,107,267
79$5,300,505$736,249$231,817$3,338,267
80$5,775,516$706,685$173,942$3,591,698
81$6,296,910$673,605$112,061$3,869,880
82$6,869,354$636,770$45,974$4,175,373
83$7,497,987$595,931$0$4,511,002
84$8,188,472$550,822$0$4,883,554
85$8,947,045$501,161$0$5,300,370
86$9,780,578$446,652$0$5,758,407
87$10,696,641$386,982$0$6,261,891
88$11,703,573$321,819$0$6,815,482
89$12,810,563$250,813$0$7,424,320
90$14,027,732$173,595$0$8,094,073
91$15,366,233$89,773$0$8,830,994
92$16,838,352$0$0$9,641,975
93$18,457,628$0$0$10,535,016
94$20,238,975$0$0$11,554,478
95$22,198,828$0$0$12,676,190
96$24,355,294$0$0$13,910,525
97$26,728,323$0$0$15,268,915
98$29,339,897$0$0$16,763,956
99$32,214,239$0$0$18,409,526
100$35,378,036$0$0$20,220,917