Can I retire at age 55 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$64,742$64,165$63,603$63,053$62,517$62,019
2 years$32,050$31,454$30,875$30,314$29,770$29,268
3 years$21,155$20,555$19,978$19,423$18,887$18,397
4 years$15,708$15,110$14,539$13,993$13,471$12,996
5 years$12,441$11,847$11,283$10,748$10,240$9,782
6 years$10,263$9,674$9,118$8,595$8,103$7,662
7 years$8,709$8,124$7,577$7,067$6,590$6,166
8 years$7,543$6,964$6,426$5,928$5,467$5,061
9 years$6,637$6,063$5,535$5,049$4,604$4,215
10 years$5,913$5,344$4,825$4,353$3,923$3,551
11 years$5,320$4,758$4,248$3,788$3,374$3,019
12 years$4,827$4,270$3,770$3,323$2,924$2,586
13 years$4,410$3,859$3,368$2,933$2,549$2,228
14 years$4,053$3,508$3,027$2,604$2,235$1,929
15 years$3,744$3,204$2,733$2,322$1,968$1,677
16 years$3,473$2,940$2,477$2,079$1,739$1,463
17 years$3,235$2,708$2,254$1,868$1,542$1,281
18 years$3,024$2,502$2,058$1,684$1,371$1,124
19 years$2,835$2,319$1,884$1,521$1,222$988
20 years$2,665$2,155$1,729$1,378$1,092$871
21 years$2,511$2,007$1,590$1,250$977$769
22 years$2,372$1,874$1,466$1,137$876$679
23 years$2,244$1,752$1,353$1,035$786$601
24 years$2,128$1,642$1,252$944$706$533
25 years$2,021$1,541$1,159$862$636$472
26 years$1,923$1,448$1,075$789$573$419
27 years$1,832$1,363$998$722$516$372
28 years$1,747$1,284$928$661$466$331
29 years$1,669$1,211$864$606$421$294
30 years$1,596$1,144$805$557$380$262
31 years$1,528$1,082$750$511$344$233
32 years$1,464$1,023$700$470$311$208
33 years$1,404$969$653$432$281$185
34 years$1,348$919$610$397$255$165
35 years$1,295$871$571$366$231$147
36 years$1,245$827$534$337$209$131
37 years$1,198$785$500$311$189$117
38 years$1,154$746$468$286$172$104
39 years$1,112$710$438$264$156$93
40 years$1,072$675$411$243$141$83
41 years$1,034$643$385$225$128$74
42 years$998$612$361$207$116$66
43 years$964$583$339$191$106$59
44 years$932$556$318$177$96$53
45 years$901$530$299$163$87$47
46 years$871$506$281$151$79$42
47 years$843$483$264$139$72$38
48 years$816$461$248$129$65$34
49 years$790$440$233$119$59$30
50 years$765$420$219$110$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $784,000, adding $5,275 every year, while hoping to spend $24,298 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: 56/14/30 Blend
54$784,000$784,000$784,000$784,000
55$869,409$827,857$815,705$910,615
56$932,236$842,569$817,178$954,321
57$1,000,657$857,188$817,887$998,972
58$1,075,217$871,683$817,779$1,047,142
59$1,156,515$886,022$816,800$1,099,179
60$1,245,212$900,169$814,896$1,155,469
61$1,342,034$914,088$812,005$1,216,436
62$1,447,781$927,738$808,067$1,282,549
63$1,563,333$941,076$803,016$1,354,324
64$1,689,660$954,055$796,784$1,432,331
65$1,827,829$966,627$789,299$1,517,201
66$1,979,014$978,738$780,487$1,609,627
67$2,144,509$990,333$770,270$1,710,374
68$2,325,740$1,001,350$758,564$1,820,289
69$2,524,275$1,011,725$745,285$1,940,302
70$2,741,841$1,021,390$730,343$2,071,443
71$2,980,342$1,030,271$713,642$2,214,847
72$3,241,873$1,038,291$695,086$2,371,763
73$3,528,743$1,045,366$674,570$2,543,573
74$3,843,494$1,051,408$651,987$2,731,800
75$4,188,926$1,056,322$627,225$2,938,123
76$4,568,124$1,060,010$600,164$3,164,394
77$4,984,487$1,062,364$570,684$3,412,657
78$5,441,756$1,063,272$538,653$3,685,164
79$5,944,056$1,062,612$503,938$3,984,403
80$6,495,928$1,060,259$466,399$4,313,112
81$7,102,377$1,056,076$425,887$4,674,316
82$7,768,915$1,049,919$382,251$5,071,347
83$8,501,616$1,041,637$335,328$5,507,882
84$9,307,172$1,031,068$284,952$5,987,975
85$10,192,953$1,018,040$230,948$6,516,094
86$11,167,082$1,002,372$173,132$7,097,171
87$12,238,507$983,872$111,315$7,736,638
88$13,417,088$962,334$45,298$8,440,490
89$14,713,688$937,545$0$9,215,334
90$16,140,274$909,275$0$10,076,507
91$17,710,034$877,281$0$11,039,987
92$19,437,498$841,309$0$12,100,188
93$21,338,677$801,087$0$13,266,949
94$23,431,210$756,329$0$14,551,115
95$25,734,536$706,731$0$15,964,634
96$28,270,071$651,973$0$17,520,677
97$31,061,414$591,716$0$19,233,758
98$34,134,571$525,602$0$21,119,869
99$37,518,193$453,253$0$23,196,638
100$41,243,855$374,268$0$25,483,489