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%19.3%
1 years$65,403$64,820$64,252$63,697$63,155$60,794
2 years$32,378$31,775$31,190$30,624$30,074$27,722
3 years$21,371$20,765$20,182$19,621$19,080$16,811
4 years$15,868$15,264$14,687$14,136$13,608$11,440
5 years$12,568$11,968$11,398$10,858$10,345$8,283
6 years$10,368$9,772$9,211$8,683$8,185$6,231
7 years$8,797$8,207$7,655$7,139$6,657$4,810
8 years$7,620$7,035$6,492$5,988$5,523$3,781
9 years$6,705$6,125$5,591$5,101$4,651$3,012
10 years$5,973$5,399$4,875$4,397$3,963$2,424
11 years$5,375$4,806$4,292$3,827$3,408$1,966
12 years$4,876$4,314$3,809$3,357$2,953$1,605
13 years$4,455$3,899$3,403$2,963$2,575$1,316
14 years$4,094$3,544$3,057$2,630$2,258$1,083
15 years$3,782$3,237$2,760$2,346$1,988$895
16 years$3,509$2,970$2,503$2,101$1,757$741
17 years$3,268$2,735$2,277$1,887$1,558$615
18 years$3,054$2,528$2,079$1,701$1,385$511
19 years$2,863$2,343$1,903$1,537$1,234$425
20 years$2,692$2,177$1,747$1,392$1,103$354
21 years$2,537$2,028$1,607$1,263$987$296
22 years$2,396$1,893$1,481$1,149$884$247
23 years$2,267$1,770$1,367$1,046$794$206
24 years$2,150$1,659$1,264$954$714$172
25 years$2,042$1,556$1,171$871$642$144
26 years$1,942$1,463$1,086$797$578$121
27 years$1,850$1,377$1,009$729$522$101
28 years$1,765$1,297$938$668$471$84
29 years$1,686$1,224$873$613$425$71
30 years$1,612$1,156$813$562$384$59
31 years$1,543$1,093$758$516$347$50
32 years$1,479$1,034$707$475$314$42
33 years$1,418$979$660$436$284$35
34 years$1,362$928$617$402$257$29
35 years$1,308$880$577$370$233$24
36 years$1,258$835$539$340$211$20
37 years$1,210$793$505$314$191$17
38 years$1,166$754$473$289$173$14
39 years$1,123$717$443$267$157$12
40 years$1,083$682$415$246$143$10
41 years$1,045$649$389$227$129$8
42 years$1,008$618$365$209$117$7
43 years$974$589$343$193$107$6
44 years$941$562$322$178$97$5
45 years$910$536$302$165$88$4
46 years$880$511$284$152$80$4
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $792,000, adding $2,737 every year, while hoping to spend $26,198 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: 48/40/12 Blend
54$792,000$792,000$792,000$792,000
55$875,607$833,631$821,355$914,612
56$937,045$846,605$820,996$954,738
57$1,003,871$859,336$819,747$995,337
58$1,076,607$871,785$817,550$1,038,828
59$1,155,829$883,910$814,346$1,085,491
60$1,242,167$895,666$810,070$1,135,633
61$1,336,318$907,003$804,657$1,189,593
62$1,439,047$917,871$798,038$1,247,747
63$1,551,197$928,213$790,139$1,310,506
64$1,673,695$937,972$780,885$1,378,329
65$1,807,562$947,083$770,195$1,451,718
66$1,953,924$955,480$757,987$1,531,231
67$2,114,017$963,091$744,172$1,617,481
68$2,289,204$969,840$728,659$1,711,146
69$2,480,986$975,646$711,353$1,812,973
70$2,691,016$980,422$692,153$1,923,789
71$2,921,114$984,077$670,954$2,044,504
72$3,173,284$986,512$647,647$2,176,125
73$3,449,732$987,625$622,117$2,319,761
74$3,752,891$987,305$594,244$2,476,636
75$4,085,438$985,435$563,902$2,648,104
76$4,450,321$981,890$530,962$2,835,655
77$4,850,790$976,538$495,285$3,040,935
78$5,290,423$969,241$456,729$3,265,762
79$5,773,161$959,849$415,145$3,512,138
80$6,303,346$948,204$370,375$3,782,277
81$6,885,762$934,141$322,257$4,078,617
82$7,525,678$917,482$270,621$4,403,851
83$8,228,898$898,040$215,288$4,760,950
84$9,001,819$875,617$156,073$5,153,188
85$9,851,485$850,002$92,782$5,584,182
86$10,785,658$820,975$25,212$6,057,919
87$11,812,891$788,298$0$6,578,798
88$12,942,605$751,724$0$7,157,676
89$14,185,182$710,989$0$7,797,734
90$15,552,057$665,814$0$8,501,676
91$17,055,834$615,906$0$9,276,042
92$18,710,395$560,952$0$10,128,047
93$20,531,041$500,624$0$11,065,644
94$22,534,626$434,573$0$12,097,603
95$24,739,724$362,433$0$13,233,595
96$27,166,798$283,815$0$14,484,280
97$29,838,398$198,308$0$15,861,415
98$32,779,369$105,480$0$17,377,960
99$36,017,090$4,874$0$19,048,204
100$39,581,726$0$0$20,887,901