Can I retire at age 55 with 789,000?

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 $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%19.4%
1 years$65,155$64,575$64,008$63,456$62,916$60,539
2 years$32,255$31,654$31,072$30,508$29,960$27,593
3 years$21,290$20,686$20,106$19,546$19,008$16,725
4 years$15,808$15,207$14,632$14,082$13,557$11,376
5 years$12,520$11,922$11,355$10,816$10,305$8,232
6 years$10,329$9,735$9,176$8,650$8,154$6,189
7 years$8,764$8,176$7,626$7,112$6,632$4,775
8 years$7,591$7,008$6,467$5,966$5,502$3,751
9 years$6,679$6,102$5,570$5,082$4,633$2,987
10 years$5,950$5,378$4,856$4,380$3,948$2,402
11 years$5,354$4,788$4,275$3,812$3,395$1,947
12 years$4,858$4,298$3,794$3,344$2,942$1,588
13 years$4,438$3,884$3,390$2,952$2,566$1,301
14 years$4,079$3,530$3,046$2,621$2,249$1,071
15 years$3,768$3,225$2,750$2,337$1,980$884
16 years$3,496$2,959$2,493$2,093$1,750$731
17 years$3,256$2,725$2,269$1,880$1,552$606
18 years$3,043$2,518$2,071$1,694$1,380$503
19 years$2,853$2,334$1,896$1,531$1,230$419
20 years$2,682$2,169$1,740$1,387$1,098$349
21 years$2,527$2,020$1,600$1,258$983$291
22 years$2,387$1,885$1,475$1,144$881$242
23 years$2,259$1,763$1,362$1,042$791$202
24 years$2,142$1,652$1,260$950$711$169
25 years$2,034$1,551$1,167$868$640$141
26 years$1,935$1,457$1,082$794$576$118
27 years$1,843$1,371$1,005$726$520$99
28 years$1,759$1,292$934$666$469$83
29 years$1,680$1,219$869$610$423$69
30 years$1,606$1,151$810$560$382$58
31 years$1,537$1,088$755$514$346$48
32 years$1,473$1,030$704$473$313$40
33 years$1,413$975$658$435$283$34
34 years$1,356$924$614$400$256$28
35 years$1,303$877$574$368$232$24
36 years$1,253$832$537$339$210$20
37 years$1,206$790$503$312$191$17
38 years$1,161$751$471$288$173$14
39 years$1,119$714$441$266$157$12
40 years$1,079$680$414$245$142$10
41 years$1,041$647$388$226$129$8
42 years$1,005$616$364$209$117$7
43 years$970$587$341$193$106$6
44 years$937$560$320$178$96$5
45 years$906$534$301$164$88$4
46 years$877$509$283$152$79$3
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$2
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $789,000, adding $2,760 every year, while hoping to spend $24,963 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: 41/49/10 Blend
54$789,000$789,000$789,000$789,000
55$872,325$830,508$818,278$905,395
56$934,742$844,642$819,130$942,984
57$1,002,688$858,633$819,174$980,937
58$1,076,702$872,446$818,356$1,021,454
59$1,157,376$886,045$816,621$1,064,776
60$1,245,359$899,393$813,909$1,111,173
61$1,341,370$912,447$810,160$1,160,941
62$1,446,197$925,165$805,307$1,214,407
63$1,560,709$937,497$799,285$1,271,932
64$1,685,862$949,395$792,021$1,333,915
65$1,822,707$960,803$783,441$1,400,796
66$1,972,405$971,664$773,468$1,473,061
67$2,136,231$981,916$762,020$1,551,246
68$2,315,591$991,494$749,012$1,635,945
69$2,512,031$1,000,328$734,354$1,727,810
70$2,727,257$1,008,342$717,953$1,827,564
71$2,963,143$1,015,457$699,711$1,936,003
72$3,221,758$1,021,589$679,525$2,054,009
73$3,505,378$1,026,647$657,289$2,182,550
74$3,816,509$1,030,535$632,891$2,322,701
75$4,157,913$1,033,151$606,213$2,475,643
76$4,532,632$1,034,388$577,134$2,642,683
77$4,944,017$1,034,129$545,524$2,825,263
78$5,395,759$1,032,254$511,251$3,024,973
79$5,891,922$1,028,630$474,174$3,243,570
80$6,436,987$1,023,122$434,148$3,482,992
81$7,035,888$1,015,583$391,020$3,745,377
82$7,694,060$1,005,858$344,630$4,033,084
83$8,417,491$993,782$294,813$4,348,719
84$9,212,780$979,182$241,393$4,695,154
85$10,087,194$961,872$184,191$5,075,561
86$11,048,742$941,658$123,015$5,493,437
87$12,106,246$918,332$57,669$5,952,642
88$13,269,427$891,675$0$6,457,433
89$14,548,996$861,454$0$7,013,798
90$15,956,752$827,424$0$7,632,279
91$17,505,698$789,325$0$8,312,458
92$19,210,160$746,882$0$9,060,667
93$21,085,921$699,804$0$9,883,888
94$23,150,374$647,783$0$10,789,820
95$25,422,682$590,495$0$11,786,954
96$27,923,961$527,595$0$12,884,655
97$30,677,478$458,720$0$14,093,248
98$33,708,870$383,487$0$15,424,119
99$37,046,386$301,489$0$16,889,822
100$40,721,154$212,298$0$18,504,203