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%17.7%
1 years$65,320$64,738$64,171$63,616$63,075$61,105
2 years$32,337$31,734$31,151$30,585$30,036$28,069
3 years$21,344$20,739$20,157$19,596$19,056$17,153
4 years$15,848$15,245$14,669$14,118$13,591$11,767
5 years$12,552$11,952$11,384$10,844$10,332$8,592
6 years$10,355$9,760$9,200$8,672$8,175$6,521
7 years$8,786$8,196$7,645$7,130$6,648$5,080
8 years$7,610$7,026$6,484$5,981$5,516$4,031
9 years$6,696$6,117$5,584$5,094$4,645$3,243
10 years$5,965$5,392$4,868$4,391$3,958$2,636
11 years$5,368$4,800$4,286$3,822$3,404$2,161
12 years$4,870$4,308$3,804$3,352$2,950$1,782
13 years$4,449$3,894$3,398$2,960$2,572$1,478
14 years$4,089$3,539$3,054$2,627$2,255$1,230
15 years$3,777$3,233$2,757$2,343$1,985$1,028
16 years$3,504$2,966$2,500$2,098$1,755$861
17 years$3,264$2,732$2,275$1,885$1,556$723
18 years$3,051$2,524$2,076$1,699$1,383$608
19 years$2,860$2,340$1,901$1,535$1,233$512
20 years$2,688$2,174$1,744$1,390$1,101$432
21 years$2,533$2,025$1,605$1,262$986$365
22 years$2,393$1,890$1,479$1,147$883$308
23 years$2,265$1,768$1,365$1,045$793$261
24 years$2,147$1,656$1,263$953$713$221
25 years$2,039$1,554$1,170$870$641$187
26 years$1,940$1,461$1,085$796$578$159
27 years$1,848$1,375$1,007$728$521$134
28 years$1,763$1,296$936$667$470$114
29 years$1,684$1,222$871$612$424$97
30 years$1,610$1,154$812$562$383$82
31 years$1,541$1,091$757$516$347$70
32 years$1,477$1,032$706$474$314$59
33 years$1,417$978$659$436$284$50
34 years$1,360$927$616$401$257$43
35 years$1,307$879$576$369$233$36
36 years$1,256$834$539$340$211$31
37 years$1,209$792$504$313$191$26
38 years$1,164$753$472$289$173$22
39 years$1,122$716$442$266$157$19
40 years$1,081$681$415$246$143$16
41 years$1,043$649$389$227$129$14
42 years$1,007$618$365$209$117$12
43 years$973$588$342$193$106$10
44 years$940$561$321$178$97$8
45 years$909$535$302$165$88$7
46 years$879$510$283$152$80$6
47 years$850$487$266$140$72$5
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$4
50 years$772$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $791,000, adding $4,229 every year, while hoping to spend $29,131 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: 51/25/24 Blend
54$791,000$791,000$791,000$791,000
55$876,044$834,121$821,861$914,642
56$934,406$843,998$818,398$951,730
57$997,743$853,382$813,843$988,729
58$1,066,535$862,220$808,128$1,028,364
59$1,141,304$870,451$801,183$1,070,896
60$1,222,628$878,014$792,933$1,116,617
61$1,311,141$884,842$783,302$1,165,845
62$1,407,544$890,865$772,209$1,218,935
63$1,512,603$896,007$759,567$1,276,278
64$1,627,164$900,188$745,289$1,338,307
65$1,752,160$903,322$729,281$1,405,499
66$1,888,615$905,320$711,447$1,478,383
67$2,037,657$906,083$691,683$1,557,542
68$2,200,528$905,511$669,885$1,643,621
69$2,378,595$903,495$645,939$1,737,332
70$2,573,364$899,918$619,730$1,839,463
71$2,786,492$894,659$591,136$1,950,883
72$3,019,804$887,587$560,029$2,072,551
73$3,275,311$878,566$526,277$2,205,529
74$3,555,225$867,448$489,739$2,350,987
75$3,861,984$854,079$450,272$2,510,220
76$4,198,272$838,295$407,722$2,684,654
77$4,567,046$819,922$361,931$2,875,868
78$4,971,563$798,776$312,733$3,085,601
79$5,415,409$774,662$259,956$3,315,777
80$5,902,534$747,374$203,419$3,568,515
81$6,437,291$716,694$142,932$3,846,159
82$7,024,474$682,390$78,298$4,151,293
83$7,669,362$644,219$9,313$4,486,769
84$8,377,773$601,922$0$4,855,737
85$9,156,115$555,226$0$5,278,139
86$10,011,448$503,841$0$5,744,955
87$10,951,549$447,463$0$6,258,091
88$11,984,987$385,769$0$6,822,276
89$13,121,202$318,418$0$7,442,726
90$14,370,594$245,049$0$8,125,191
91$15,744,621$165,283$0$8,876,010
92$17,255,908$78,718$0$9,702,174
93$18,918,365$0$0$10,611,388
94$20,747,316$0$0$11,616,292
95$22,759,647$0$0$12,745,873
96$24,973,964$0$0$13,988,930
97$27,410,765$0$0$15,356,982
98$30,092,637$0$0$16,862,723
99$33,044,469$0$0$18,520,138
100$36,293,683$0$0$20,344,639