Can I retire at age 55 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$65,320$64,738$64,171$63,616$63,075$61,802
2 years$32,337$31,734$31,151$30,585$30,036$28,758
3 years$21,344$20,739$20,157$19,596$19,056$17,814
4 years$15,848$15,245$14,669$14,118$13,591$12,395
5 years$12,552$11,952$11,384$10,844$10,332$9,184
6 years$10,355$9,760$9,200$8,672$8,175$7,078
7 years$8,786$8,196$7,645$7,130$6,648$5,602
8 years$7,610$7,026$6,484$5,981$5,516$4,519
9 years$6,696$6,117$5,584$5,094$4,645$3,698
10 years$5,965$5,392$4,868$4,391$3,958$3,059
11 years$5,368$4,800$4,286$3,822$3,404$2,552
12 years$4,870$4,308$3,804$3,352$2,950$2,144
13 years$4,449$3,894$3,398$2,960$2,572$1,811
14 years$4,089$3,539$3,054$2,627$2,255$1,537
15 years$3,777$3,233$2,757$2,343$1,985$1,310
16 years$3,504$2,966$2,500$2,098$1,755$1,119
17 years$3,264$2,732$2,275$1,885$1,556$959
18 years$3,051$2,524$2,076$1,699$1,383$823
19 years$2,860$2,340$1,901$1,535$1,233$708
20 years$2,688$2,174$1,744$1,390$1,101$610
21 years$2,533$2,025$1,605$1,262$986$527
22 years$2,393$1,890$1,479$1,147$883$455
23 years$2,265$1,768$1,365$1,045$793$394
24 years$2,147$1,656$1,263$953$713$341
25 years$2,039$1,554$1,170$870$641$295
26 years$1,940$1,461$1,085$796$578$256
27 years$1,848$1,375$1,007$728$521$222
28 years$1,763$1,296$936$667$470$192
29 years$1,684$1,222$871$612$424$167
30 years$1,610$1,154$812$562$383$145
31 years$1,541$1,091$757$516$347$126
32 years$1,477$1,032$706$474$314$109
33 years$1,417$978$659$436$284$95
34 years$1,360$927$616$401$257$83
35 years$1,307$879$576$369$233$72
36 years$1,256$834$539$340$211$62
37 years$1,209$792$504$313$191$54
38 years$1,164$753$472$289$173$47
39 years$1,122$716$442$266$157$41
40 years$1,081$681$415$246$143$36
41 years$1,043$649$389$227$129$31
42 years$1,007$618$365$209$117$27
43 years$973$588$342$193$106$24
44 years$940$561$321$178$97$20
45 years$909$535$302$165$88$18
46 years$879$510$283$152$80$15
47 years$850$487$266$140$72$13
48 years$823$465$250$130$66$12
49 years$797$444$235$120$60$10
50 years$772$424$221$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $791,000, adding $3,481 every year, while hoping to spend $57,134 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: 36/40/24 Blend
54$791,000$791,000$791,000$791,000
55$875,273$833,350$821,089$900,344
56$903,760$813,394$787,806$899,160
57$933,239$790,545$751,492$892,383
58$963,749$764,601$711,987$883,929
59$995,334$735,349$669,121$873,684
60$1,028,039$702,562$622,717$861,526
61$1,061,911$666,001$572,591$847,329
62$1,097,003$625,411$518,549$830,959
63$1,133,368$580,527$460,391$812,275
64$1,171,062$531,064$397,905$791,129
65$1,210,148$476,723$330,872$767,364
66$1,250,688$417,188$259,062$740,818
67$1,292,753$352,124$182,235$711,317
68$1,336,415$281,180$100,141$678,681
69$1,381,752$203,980$12,518$642,719
70$1,428,847$120,132$0$603,232
71$1,477,791$29,219$0$580,749
72$1,528,677$0$0$559,081
73$1,581,608$0$0$565,322
74$1,636,695$0$0$585,218
75$1,694,053$0$0$605,955
76$1,753,810$0$0$627,579
77$1,816,102$0$0$650,143
78$1,881,075$0$0$673,704
79$1,948,886$0$0$698,320
80$2,019,707$0$0$724,059
81$2,093,720$0$0$750,989
82$2,171,124$0$0$779,189
83$2,252,135$0$0$808,740
84$2,336,985$0$0$839,733
85$2,425,927$0$0$872,265
86$2,519,233$0$0$906,442
87$2,617,202$0$0$942,379
88$2,720,154$0$0$980,201
89$2,828,442$0$0$1,020,044
90$2,942,447$0$0$1,062,057
91$3,062,583$0$0$1,106,402
92$3,189,303$0$0$1,153,254
93$3,323,101$0$0$1,202,806
94$3,464,513$0$0$1,255,267
95$3,614,127$0$0$1,310,868
96$3,772,583$0$0$1,369,858
97$3,940,580$0$0$1,432,512
98$4,118,883$0$0$1,499,129
99$4,308,329$0$0$1,570,036
100$4,509,832$0$0$1,645,592