Can I retire at age 55 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$65,072$64,493$63,927$63,375$62,836$60,343
2 years$32,214$31,614$31,033$30,469$29,922$27,441
3 years$21,263$20,660$20,080$19,522$18,984$16,593
4 years$15,788$15,187$14,613$14,064$13,539$11,257
5 years$12,504$11,907$11,340$10,803$10,292$8,125
6 years$10,316$9,723$9,165$8,639$8,144$6,092
7 years$8,753$8,165$7,616$7,103$6,623$4,686
8 years$7,582$6,999$6,459$5,958$5,495$3,671
9 years$6,671$6,094$5,563$5,075$4,627$2,914
10 years$5,943$5,372$4,850$4,375$3,943$2,336
11 years$5,348$4,782$4,270$3,807$3,391$1,887
12 years$4,852$4,292$3,789$3,340$2,938$1,534
13 years$4,433$3,879$3,386$2,948$2,562$1,253
14 years$4,074$3,526$3,042$2,617$2,246$1,027
15 years$3,763$3,221$2,746$2,334$1,978$845
16 years$3,491$2,955$2,490$2,090$1,748$696
17 years$3,252$2,721$2,266$1,878$1,550$575
18 years$3,039$2,515$2,068$1,692$1,378$476
19 years$2,849$2,331$1,894$1,529$1,228$394
20 years$2,678$2,166$1,738$1,385$1,097$327
21 years$2,524$2,017$1,598$1,257$982$272
22 years$2,384$1,883$1,473$1,143$880$226
23 years$2,256$1,761$1,360$1,041$790$188
24 years$2,139$1,650$1,258$949$710$156
25 years$2,032$1,549$1,165$867$639$130
26 years$1,933$1,455$1,081$793$576$108
27 years$1,841$1,370$1,003$726$519$90
28 years$1,756$1,291$933$665$468$75
29 years$1,677$1,218$868$610$423$63
30 years$1,604$1,150$809$559$382$52
31 years$1,535$1,087$754$514$345$43
32 years$1,471$1,029$703$472$312$36
33 years$1,411$974$657$434$283$30
34 years$1,355$923$614$400$256$25
35 years$1,302$876$574$368$232$21
36 years$1,252$831$537$339$210$17
37 years$1,204$789$502$312$190$15
38 years$1,160$750$470$288$173$12
39 years$1,117$713$441$265$157$10
40 years$1,077$679$413$245$142$8
41 years$1,039$646$387$226$129$7
42 years$1,003$615$363$208$117$6
43 years$969$586$341$192$106$5
44 years$936$559$320$178$96$4
45 years$905$533$300$164$87$3
46 years$875$508$282$151$79$3
47 years$847$485$265$140$72$2
48 years$820$463$249$129$65$2
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $788,000, adding $2,876 every year, while hoping to spend $52,468 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: 71/16/13 Blend
54$788,000$788,000$788,000$788,000
55$871,343$829,579$817,365$930,558
56$904,394$814,402$788,921$955,024
57$939,058$796,724$757,766$975,142
58$975,444$776,366$723,753$995,778
59$1,013,670$753,139$686,729$1,016,973
60$1,053,866$726,843$646,536$1,038,772
61$1,096,170$697,269$603,005$1,061,228
62$1,140,737$664,192$555,963$1,084,399
63$1,187,730$627,376$505,226$1,108,351
64$1,237,333$586,571$450,605$1,133,159
65$1,289,741$541,513$391,900$1,158,905
66$1,345,170$491,923$328,904$1,185,683
67$1,403,854$437,504$261,400$1,213,599
68$1,466,051$377,946$189,161$1,242,771
69$1,532,041$312,918$111,950$1,273,330
70$1,602,130$242,072$29,521$1,305,426
71$1,676,654$165,040$0$1,339,225
72$1,755,978$81,432$0$1,383,019
73$1,840,506$0$0$1,433,807
74$1,930,676$0$0$1,489,372
75$2,026,970$0$0$1,564,046
76$2,129,916$0$0$1,643,903
77$2,240,093$0$0$1,729,396
78$2,358,135$0$0$1,821,021
79$2,484,738$0$0$1,919,320
80$2,620,666$0$0$2,024,892
81$2,766,757$0$0$2,138,391
82$2,923,930$0$0$2,260,536
83$3,093,197$0$0$2,392,117
84$3,275,667$0$0$2,534,001
85$3,472,557$0$0$2,687,140
86$3,685,208$0$0$2,852,582
87$3,915,091$0$0$3,031,477
88$4,163,822$0$0$3,225,088
89$4,433,179$0$0$3,434,807
90$4,725,118$0$0$3,662,160
91$5,041,786$0$0$3,908,830
92$5,385,548$0$0$4,176,663
93$5,759,003$0$0$4,467,693
94$6,165,010$0$0$4,784,155
95$6,606,715$0$0$5,128,511
96$7,087,580$0$0$5,503,467
97$7,611,413$0$0$5,912,002
98$8,182,406$0$0$6,357,393
99$8,805,170$0$0$6,843,249
100$9,484,783$0$0$7,373,540