Can I retire at age 55 with 793,000?

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 $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%15.6%
1 years$65,485$64,902$64,333$63,777$63,235$61,782
2 years$32,418$31,815$31,230$30,662$30,112$28,656
3 years$21,398$20,791$20,208$19,646$19,104$17,691
4 years$15,888$15,284$14,706$14,154$13,625$12,265
5 years$12,584$11,983$11,412$10,871$10,358$9,055
6 years$10,381$9,785$9,223$8,694$8,196$6,952
7 years$8,809$8,217$7,664$7,148$6,665$5,480
8 years$7,630$7,044$6,500$5,996$5,530$4,403
9 years$6,713$6,133$5,598$5,107$4,657$3,587
10 years$5,981$5,406$4,881$4,403$3,968$2,955
11 years$5,381$4,812$4,297$3,832$3,412$2,455
12 years$4,883$4,319$3,813$3,361$2,957$2,053
13 years$4,461$3,903$3,407$2,967$2,579$1,726
14 years$4,100$3,548$3,061$2,634$2,260$1,458
15 years$3,787$3,241$2,764$2,349$1,990$1,236
16 years$3,513$2,974$2,506$2,103$1,759$1,051
17 years$3,272$2,739$2,280$1,890$1,560$896
18 years$3,058$2,531$2,082$1,703$1,387$765
19 years$2,867$2,345$1,906$1,539$1,236$655
20 years$2,695$2,180$1,749$1,394$1,104$562
21 years$2,540$2,030$1,609$1,265$988$482
22 years$2,399$1,895$1,483$1,150$886$414
23 years$2,270$1,772$1,369$1,047$795$356
24 years$2,153$1,661$1,266$955$715$307
25 years$2,044$1,558$1,173$872$643$264
26 years$1,945$1,465$1,088$798$579$228
27 years$1,853$1,378$1,010$730$522$196
28 years$1,767$1,299$939$669$471$169
29 years$1,688$1,225$874$613$425$146
30 years$1,614$1,157$814$563$384$126
31 years$1,545$1,094$759$517$348$109
32 years$1,481$1,035$708$475$314$94
33 years$1,420$980$661$437$285$81
34 years$1,363$929$617$402$258$70
35 years$1,310$881$577$370$233$61
36 years$1,259$836$540$341$211$52
37 years$1,212$794$505$314$192$45
38 years$1,167$755$473$289$174$39
39 years$1,124$718$443$267$158$34
40 years$1,084$683$416$246$143$29
41 years$1,046$650$390$227$130$25
42 years$1,010$619$366$210$118$22
43 years$975$590$343$194$107$19
44 years$942$562$322$179$97$16
45 years$911$536$302$165$88$14
46 years$881$512$284$152$80$12
47 years$852$488$267$141$73$11
48 years$825$466$251$130$66$9
49 years$799$445$236$120$60$8
50 years$774$425$222$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $793,000, adding $5,446 every year, while hoping to spend $32,428 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: 50/39/11 Blend
54$793,000$793,000$793,000$793,000
55$879,504$837,475$825,183$920,622
56$934,710$844,008$818,324$955,894
57$994,460$849,774$810,147$990,327
58$1,059,184$854,702$800,576$1,027,000
59$1,129,353$858,715$789,528$1,066,134
60$1,205,487$861,732$776,917$1,107,973
61$1,288,156$863,666$762,653$1,152,784
62$1,377,988$864,425$746,642$1,200,865
63$1,475,674$863,913$728,786$1,252,547
64$1,581,973$862,026$708,980$1,308,194
65$1,697,722$858,653$687,119$1,368,209
66$1,823,841$853,678$663,088$1,433,040
67$1,961,342$846,977$636,771$1,503,179
68$2,111,339$838,419$608,043$1,579,173
69$2,275,058$827,865$576,776$1,661,626
70$2,453,851$815,167$542,834$1,751,207
71$2,649,203$800,169$506,078$1,848,656
72$2,862,750$782,705$466,360$1,954,788
73$3,096,293$762,601$423,526$2,070,508
74$3,351,817$739,670$377,416$2,196,814
75$3,631,505$713,716$327,862$2,334,810
76$3,937,761$684,532$274,688$2,485,718
77$4,273,235$651,896$217,713$2,650,884
78$4,640,843$615,576$156,744$2,831,800
79$5,043,796$575,327$91,582$3,030,111
80$5,485,633$530,887$22,019$3,247,638
81$5,970,249$481,982$0$3,486,389
82$6,501,935$428,321$0$3,754,714
83$7,085,420$369,596$0$4,052,092
84$7,725,909$305,482$0$4,378,672
85$8,429,138$235,637$0$4,737,473
86$9,201,425$159,698$0$5,131,829
87$10,049,729$77,282$0$5,565,418
88$10,981,717$0$0$6,042,298
89$12,005,837$0$0$6,572,105
90$13,131,392$0$0$7,190,928
91$14,368,633$0$0$7,871,247
92$15,728,856$0$0$8,619,285
93$17,224,501$0$0$9,441,895
94$18,869,279$0$0$10,346,630
95$20,678,292$0$0$11,341,810
96$22,668,181$0$0$12,436,604
97$24,857,281$0$0$13,641,110
98$27,265,793$0$0$14,966,460
99$29,915,975$0$0$16,424,915
100$32,832,351$0$0$18,029,987