Can I retire at age 55 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,403$64,820$64,252$63,697$63,155$62,783
2 years$32,378$31,775$31,190$30,624$30,074$29,699
3 years$21,371$20,765$20,182$19,621$19,080$18,713
4 years$15,868$15,264$14,687$14,136$13,608$13,253
5 years$12,568$11,968$11,398$10,858$10,345$10,001
6 years$10,368$9,772$9,211$8,683$8,185$7,855
7 years$8,797$8,207$7,655$7,139$6,657$6,339
8 years$7,620$7,035$6,492$5,988$5,523$5,217
9 years$6,705$6,125$5,591$5,101$4,651$4,358
10 years$5,973$5,399$4,875$4,397$3,963$3,683
11 years$5,375$4,806$4,292$3,827$3,408$3,141
12 years$4,876$4,314$3,809$3,357$2,953$2,698
13 years$4,455$3,899$3,403$2,963$2,575$2,332
14 years$4,094$3,544$3,057$2,630$2,258$2,026
15 years$3,782$3,237$2,760$2,346$1,988$1,767
16 years$3,509$2,970$2,503$2,101$1,757$1,547
17 years$3,268$2,735$2,277$1,887$1,558$1,359
18 years$3,054$2,528$2,079$1,701$1,385$1,197
19 years$2,863$2,343$1,903$1,537$1,234$1,056
20 years$2,692$2,177$1,747$1,392$1,103$934
21 years$2,537$2,028$1,607$1,263$987$827
22 years$2,396$1,893$1,481$1,149$884$734
23 years$2,267$1,770$1,367$1,046$794$652
24 years$2,150$1,659$1,264$954$714$580
25 years$2,042$1,556$1,171$871$642$516
26 years$1,942$1,463$1,086$797$578$460
27 years$1,850$1,377$1,009$729$522$410
28 years$1,765$1,297$938$668$471$366
29 years$1,686$1,224$873$613$425$327
30 years$1,612$1,156$813$562$384$292
31 years$1,543$1,093$758$516$347$261
32 years$1,479$1,034$707$475$314$234
33 years$1,418$979$660$436$284$209
34 years$1,362$928$617$402$257$187
35 years$1,308$880$577$370$233$167
36 years$1,258$835$539$340$211$150
37 years$1,210$793$505$314$191$134
38 years$1,166$754$473$289$173$120
39 years$1,123$717$443$267$157$108
40 years$1,083$682$415$246$143$97
41 years$1,045$649$389$227$129$87
42 years$1,008$618$365$209$117$78
43 years$974$589$343$193$107$70
44 years$941$562$322$178$97$62
45 years$910$536$302$165$88$56
46 years$880$511$284$152$80$50
47 years$851$488$266$141$72$45
48 years$824$465$250$130$66$40
49 years$798$444$235$120$60$36
50 years$773$425$221$111$54$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $792,000, adding $3,883 every year, while hoping to spend $21,407 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: 55/21/24 Blend
54$792,000$792,000$792,000$792,000
55$876,789$834,813$822,537$919,047
56$943,445$852,942$827,315$966,619
57$1,016,182$871,242$831,536$1,015,837
58$1,095,598$889,699$835,158$1,068,990
59$1,182,351$908,296$838,138$1,126,464
60$1,277,166$927,017$840,431$1,188,682
61$1,380,839$945,844$841,988$1,256,113
62$1,494,250$964,755$842,759$1,329,270
63$1,618,364$983,728$842,692$1,408,723
64$1,754,246$1,002,740$841,731$1,495,098
65$1,903,068$1,021,764$839,818$1,589,084
66$2,066,122$1,040,771$836,893$1,691,443
67$2,244,830$1,059,732$832,892$1,803,015
68$2,440,756$1,078,612$827,747$1,924,724
69$2,655,625$1,097,377$821,390$2,057,590
70$2,891,338$1,115,987$813,745$2,202,739
71$3,149,986$1,134,401$804,737$2,361,410
72$3,433,873$1,152,576$794,284$2,534,970
73$3,745,538$1,170,462$782,303$2,724,927
74$4,087,778$1,188,010$768,705$2,932,941
75$4,463,672$1,205,163$753,397$3,160,846
76$4,876,614$1,221,864$736,284$3,410,660
77$5,330,342$1,238,048$717,263$3,684,612
78$5,828,975$1,253,650$696,228$3,985,155
79$6,377,048$1,268,597$673,070$4,314,996
80$6,979,560$1,282,811$647,671$4,677,119
81$7,642,019$1,296,213$619,911$5,074,814
82$8,370,490$1,308,712$589,664$5,511,708
83$9,171,659$1,320,218$556,796$5,991,797
84$10,052,889$1,330,629$521,169$6,519,491
85$11,022,294$1,339,841$482,640$7,099,647
86$12,088,816$1,347,741$441,056$7,737,623
87$13,262,303$1,354,208$396,259$8,439,323
88$14,553,610$1,359,116$348,086$9,211,256
89$15,974,694$1,362,329$296,363$10,060,597
90$17,538,733$1,363,703$240,910$10,995,258
91$19,260,243$1,363,084$181,541$12,023,956
92$21,155,224$1,360,311$118,058$13,156,305
93$23,241,301$1,355,211$50,257$14,402,899
94$25,537,898$1,347,600$0$15,775,416
95$28,066,416$1,337,285$0$17,292,391
96$30,850,438$1,324,060$0$18,976,456
97$33,915,950$1,307,706$0$20,830,429
98$37,291,585$1,287,991$0$22,871,614
99$41,008,895$1,264,671$0$25,119,081
100$45,102,649$1,237,486$0$27,593,843