Can I retire at age 55 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$65,155$64,575$64,008$63,456$62,916$61,696
2 years$32,255$31,654$31,072$30,508$29,960$28,736
3 years$21,290$20,686$20,106$19,546$19,008$17,818
4 years$15,808$15,207$14,632$14,082$13,557$12,410
5 years$12,520$11,922$11,355$10,816$10,305$9,205
6 years$10,329$9,735$9,176$8,650$8,154$7,102
7 years$8,764$8,176$7,626$7,112$6,632$5,627
8 years$7,591$7,008$6,467$5,966$5,502$4,544
9 years$6,679$6,102$5,570$5,082$4,633$3,723
10 years$5,950$5,378$4,856$4,380$3,948$3,083
11 years$5,354$4,788$4,275$3,812$3,395$2,576
12 years$4,858$4,298$3,794$3,344$2,942$2,167
13 years$4,438$3,884$3,390$2,952$2,566$1,833
14 years$4,079$3,530$3,046$2,621$2,249$1,558
15 years$3,768$3,225$2,750$2,337$1,980$1,329
16 years$3,496$2,959$2,493$2,093$1,750$1,137
17 years$3,256$2,725$2,269$1,880$1,552$976
18 years$3,043$2,518$2,071$1,694$1,380$839
19 years$2,853$2,334$1,896$1,531$1,230$723
20 years$2,682$2,169$1,740$1,387$1,098$624
21 years$2,527$2,020$1,600$1,258$983$539
22 years$2,387$1,885$1,475$1,144$881$467
23 years$2,259$1,763$1,362$1,042$791$404
24 years$2,142$1,652$1,260$950$711$350
25 years$2,034$1,551$1,167$868$640$304
26 years$1,935$1,457$1,082$794$576$264
27 years$1,843$1,371$1,005$726$520$229
28 years$1,759$1,292$934$666$469$199
29 years$1,680$1,219$869$610$423$173
30 years$1,606$1,151$810$560$382$151
31 years$1,537$1,088$755$514$346$131
32 years$1,473$1,030$704$473$313$114
33 years$1,413$975$658$435$283$99
34 years$1,356$924$614$400$256$86
35 years$1,303$877$574$368$232$75
36 years$1,253$832$537$339$210$66
37 years$1,206$790$503$312$191$57
38 years$1,161$751$471$288$173$50
39 years$1,119$714$441$266$157$43
40 years$1,079$680$414$245$142$38
41 years$1,041$647$388$226$129$33
42 years$1,005$616$364$209$117$29
43 years$970$587$341$193$106$25
44 years$937$560$320$178$96$22
45 years$906$534$301$164$88$19
46 years$877$509$283$152$79$17
47 years$848$486$265$140$72$14
48 years$821$464$249$129$66$13
49 years$795$443$234$120$60$11
50 years$770$423$220$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $789,000, adding $4,552 every year, while hoping to spend $28,429 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: 49/40/11 Blend
54$789,000$789,000$789,000$789,000
55$874,173$832,356$820,127$914,185
56$933,091$842,894$817,353$952,665
57$997,065$852,994$813,533$991,084
58$1,066,582$862,607$808,603$1,032,167
59$1,142,175$871,677$802,493$1,076,171
60$1,224,434$880,146$795,133$1,123,383
61$1,314,004$887,951$786,448$1,174,115
62$1,411,598$895,026$776,359$1,228,717
63$1,517,998$901,300$764,785$1,287,572
64$1,634,068$906,697$751,639$1,351,105
65$1,760,756$911,138$736,832$1,419,783
66$1,899,106$914,537$720,268$1,494,124
67$2,050,268$916,803$701,851$1,574,701
68$2,215,509$917,840$681,477$1,662,145
69$2,396,222$917,545$659,037$1,757,153
70$2,593,942$915,810$634,420$1,860,496
71$2,810,358$912,519$607,507$1,973,023
72$3,047,331$907,549$578,176$2,095,676
73$3,306,911$900,771$546,297$2,229,490
74$3,591,354$892,046$511,735$2,375,612
75$3,903,144$881,229$474,351$2,535,305
76$4,245,020$868,164$433,997$2,709,967
77$4,619,995$852,688$390,519$2,901,140
78$5,031,391$834,625$343,757$3,110,523
79$5,482,863$813,792$293,543$3,339,998
80$5,978,441$789,994$239,703$3,591,636
81$6,522,562$763,024$182,053$3,867,727
82$7,120,115$732,664$120,404$4,170,797
83$7,776,484$698,682$54,555$4,503,635
84$8,497,602$660,833$0$4,869,317
85$9,290,002$618,859$0$5,273,083
86$10,160,886$572,487$0$5,723,790
87$11,118,184$521,426$0$6,219,189
88$12,170,634$465,371$0$6,763,870
89$13,327,863$403,999$0$7,362,895
90$14,600,478$336,968$0$8,021,848
91$16,000,165$263,917$0$8,746,889
92$17,539,799$184,466$0$9,544,808
93$19,233,565$98,212$0$10,423,098
94$21,097,094$4,729$0$11,390,020
95$23,147,606$0$0$12,454,684
96$25,404,077$0$0$13,669,582
97$27,887,414$0$0$15,009,019
98$30,620,652$0$0$16,483,350
99$33,629,176$0$0$18,106,280
100$36,940,953$0$0$19,892,910