Can I retire at age 55 with 793,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$65,485$64,902$64,333$63,777$63,235$61,556
2 years$32,418$31,815$31,230$30,662$30,112$28,433
3 years$21,398$20,791$20,208$19,646$19,104$17,477
4 years$15,888$15,284$14,706$14,154$13,625$12,062
5 years$12,584$11,983$11,412$10,871$10,358$8,863
6 years$10,381$9,785$9,223$8,694$8,196$6,771
7 years$8,809$8,217$7,664$7,148$6,665$5,310
8 years$7,630$7,044$6,500$5,996$5,530$4,244
9 years$6,713$6,133$5,598$5,107$4,657$3,439
10 years$5,981$5,406$4,881$4,403$3,968$2,817
11 years$5,381$4,812$4,297$3,832$3,412$2,327
12 years$4,883$4,319$3,813$3,361$2,957$1,934
13 years$4,461$3,903$3,407$2,967$2,579$1,617
14 years$4,100$3,548$3,061$2,634$2,260$1,357
15 years$3,787$3,241$2,764$2,349$1,990$1,143
16 years$3,513$2,974$2,506$2,103$1,759$966
17 years$3,272$2,739$2,280$1,890$1,560$818
18 years$3,058$2,531$2,082$1,703$1,387$694
19 years$2,867$2,345$1,906$1,539$1,236$590
20 years$2,695$2,180$1,749$1,394$1,104$503
21 years$2,540$2,030$1,609$1,265$988$428
22 years$2,399$1,895$1,483$1,150$886$366
23 years$2,270$1,772$1,369$1,047$795$312
24 years$2,153$1,661$1,266$955$715$267
25 years$2,044$1,558$1,173$872$643$228
26 years$1,945$1,465$1,088$798$579$195
27 years$1,853$1,378$1,010$730$522$167
28 years$1,767$1,299$939$669$471$143
29 years$1,688$1,225$874$613$425$123
30 years$1,614$1,157$814$563$384$105
31 years$1,545$1,094$759$517$348$90
32 years$1,481$1,035$708$475$314$77
33 years$1,420$980$661$437$285$66
34 years$1,363$929$617$402$258$57
35 years$1,310$881$577$370$233$49
36 years$1,259$836$540$341$211$42
37 years$1,212$794$505$314$192$36
38 years$1,167$755$473$289$174$31
39 years$1,124$718$443$267$158$26
40 years$1,084$683$416$246$143$23
41 years$1,046$650$390$227$130$19
42 years$1,010$619$366$210$118$17
43 years$975$590$343$194$107$14
44 years$942$562$322$179$97$12
45 years$911$536$302$165$88$11
46 years$881$512$284$152$80$9
47 years$852$488$267$141$73$8
48 years$825$466$251$130$66$7
49 years$799$445$236$120$60$6
50 years$774$425$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $793,000, adding $5,971 every year, while hoping to spend $36,780 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: 65/22/13 Blend
54$793,000$793,000$793,000$793,000
55$880,045$838,016$825,725$934,212
56$930,676$839,945$814,253$973,072
57$985,239$840,736$801,164$1,010,679
58$1,044,095$840,294$786,365$1,050,851
59$1,107,643$838,519$769,759$1,093,837
60$1,176,321$835,304$751,243$1,139,911
61$1,250,607$830,536$730,712$1,189,377
62$1,331,032$824,095$708,053$1,242,572
63$1,418,175$815,854$683,151$1,299,866
64$1,512,675$805,677$655,883$1,361,669
65$1,615,234$793,421$626,121$1,428,433
66$1,726,625$778,936$593,733$1,500,661
67$1,847,696$762,059$558,579$1,578,903
68$1,979,383$742,622$520,513$1,663,772
69$2,122,714$720,444$479,384$1,755,941
70$2,278,819$695,334$435,031$1,856,155
71$2,448,944$667,091$387,291$1,965,239
72$2,634,459$635,501$335,987$2,084,100
73$2,836,872$600,339$280,941$2,213,743
74$3,057,842$561,365$221,962$2,355,275
75$3,299,197$518,327$158,853$2,509,922
76$3,562,948$470,958$91,407$2,679,034
77$3,851,310$418,975$19,410$2,864,104
78$4,166,720$362,082$0$3,066,780
79$4,511,863$299,961$0$3,296,846
80$4,889,694$232,281$0$3,551,734
81$5,303,470$158,690$0$3,831,001
82$5,756,775$78,816$0$4,137,128
83$6,253,555$0$0$4,472,852
84$6,798,159$0$0$4,843,064
85$7,395,375$0$0$5,270,016
86$8,050,477$0$0$5,738,406
87$8,769,273$0$0$6,252,393
88$9,558,163$0$0$6,816,560
89$10,424,194$0$0$7,435,955
90$11,375,130$0$0$8,116,137
91$12,419,522$0$0$8,863,231
92$13,566,793$0$0$9,683,986
93$14,827,321$0$0$10,585,834
94$16,212,538$0$0$11,576,963
95$17,735,042$0$0$12,666,397
96$19,408,710$0$0$13,864,072
97$21,248,830$0$0$15,180,941
98$23,272,245$0$0$16,629,066
99$25,497,514$0$0$18,221,739
100$27,945,082$0$0$19,973,606