Can I retire at age 55 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$64,990$64,411$63,846$63,295$62,756$62,387
2 years$32,173$31,574$30,993$30,430$29,884$29,511
3 years$21,236$20,634$20,055$19,497$18,960$18,595
4 years$15,768$15,168$14,595$14,046$13,522$13,169
5 years$12,488$11,892$11,326$10,789$10,279$9,938
6 years$10,303$9,711$9,153$8,628$8,134$7,805
7 years$8,742$8,155$7,606$7,094$6,615$6,299
8 years$7,572$6,990$6,451$5,951$5,488$5,184
9 years$6,662$6,086$5,556$5,069$4,621$4,331
10 years$5,935$5,365$4,844$4,369$3,938$3,660
11 years$5,341$4,776$4,264$3,803$3,387$3,121
12 years$4,846$4,287$3,785$3,335$2,935$2,681
13 years$4,427$3,874$3,381$2,945$2,559$2,317
14 years$4,068$3,521$3,038$2,614$2,243$2,013
15 years$3,758$3,217$2,743$2,331$1,975$1,756
16 years$3,487$2,951$2,487$2,087$1,746$1,538
17 years$3,248$2,718$2,263$1,875$1,548$1,350
18 years$3,035$2,512$2,066$1,690$1,376$1,189
19 years$2,845$2,328$1,891$1,527$1,227$1,049
20 years$2,675$2,163$1,736$1,383$1,096$928
21 years$2,521$2,015$1,596$1,255$981$822
22 years$2,381$1,881$1,471$1,141$879$729
23 years$2,253$1,759$1,359$1,039$789$648
24 years$2,136$1,648$1,256$948$709$576
25 years$2,029$1,547$1,164$866$638$513
26 years$1,930$1,454$1,079$792$575$457
27 years$1,839$1,368$1,002$725$518$408
28 years$1,754$1,289$932$664$468$364
29 years$1,675$1,216$867$609$422$325
30 years$1,602$1,148$808$559$382$290
31 years$1,534$1,086$753$513$345$259
32 years$1,469$1,027$702$472$312$232
33 years$1,409$973$656$434$282$208
34 years$1,353$922$613$399$256$186
35 years$1,300$875$573$367$232$166
36 years$1,250$830$536$338$210$149
37 years$1,203$788$502$312$190$133
38 years$1,158$749$470$287$172$120
39 years$1,116$712$440$265$156$107
40 years$1,076$678$413$244$142$96
41 years$1,038$645$387$225$129$86
42 years$1,002$614$363$208$117$77
43 years$968$585$340$192$106$69
44 years$935$558$320$177$96$62
45 years$904$532$300$164$87$56
46 years$874$508$282$151$79$50
47 years$846$484$265$140$72$45
48 years$819$463$249$129$65$40
49 years$793$442$234$119$59$36
50 years$768$422$220$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $787,000, adding $5,044 every year, while hoping to spend $40,294 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: 81/8/11 Blend
54$787,000$787,000$787,000$787,000
55$872,477$830,766$818,567$941,098
56$918,597$828,601$803,117$984,665
57$968,071$824,979$785,798$1,026,675
58$1,021,198$819,787$766,507$1,071,594
59$1,078,307$812,904$745,132$1,119,693
60$1,139,760$804,201$721,558$1,171,270
61$1,205,951$793,543$695,667$1,226,654
62$1,277,317$780,786$667,331$1,286,207
63$1,354,336$765,777$636,419$1,350,329
64$1,437,533$748,354$602,793$1,419,458
65$1,527,485$728,347$566,310$1,494,081
66$1,624,827$705,574$526,820$1,574,731
67$1,730,256$679,844$484,165$1,661,997
68$1,844,539$650,954$438,182$1,756,527
69$1,968,520$618,689$388,699$1,859,039
70$2,103,126$582,821$335,537$1,970,319
71$2,249,376$543,111$278,510$2,091,238
72$2,408,394$499,305$217,421$2,222,754
73$2,581,414$451,135$152,068$2,365,922
74$2,769,793$398,316$82,238$2,521,909
75$2,975,028$340,548$7,708$2,691,997
76$3,198,761$277,516$0$2,877,603
77$3,442,804$208,884$0$3,088,716
78$3,709,149$134,298$0$3,320,141
79$3,999,990$53,386$0$3,572,899
80$4,317,741$0$0$3,849,110
81$4,665,059$0$0$4,154,129
82$5,044,871$0$0$4,492,842
83$5,460,399$0$0$4,863,426
84$5,915,191$0$0$5,269,047
85$6,413,154$0$0$5,713,193
86$6,958,589$0$0$6,199,703
87$7,556,234$0$0$6,732,805
88$8,211,307$0$0$7,317,157
89$8,929,554$0$0$7,957,888
90$9,717,304$0$0$8,660,645
91$10,581,528$0$0$9,431,653
92$11,529,904$0$0$10,277,763
93$12,570,890$0$0$11,206,525
94$13,713,802$0$0$12,226,254
95$14,968,903$0$0$13,346,111
96$16,347,497$0$0$14,576,185
97$17,862,038$0$0$15,927,594
98$19,526,246$0$0$17,412,582
99$21,355,235$0$0$19,044,641
100$23,365,656$0$0$20,838,632