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%12.2%
1 years$65,485$64,902$64,333$63,777$63,235$62,653
2 years$32,418$31,815$31,230$30,662$30,112$29,525
3 years$21,398$20,791$20,208$19,646$19,104$18,531
4 years$15,888$15,284$14,706$14,154$13,625$13,071
5 years$12,584$11,983$11,412$10,871$10,358$9,823
6 years$10,381$9,785$9,223$8,694$8,196$7,682
7 years$8,809$8,217$7,664$7,148$6,665$6,172
8 years$7,630$7,044$6,500$5,996$5,530$5,057
9 years$6,713$6,133$5,598$5,107$4,657$4,205
10 years$5,981$5,406$4,881$4,403$3,968$3,536
11 years$5,381$4,812$4,297$3,832$3,412$3,000
12 years$4,883$4,319$3,813$3,361$2,957$2,565
13 years$4,461$3,903$3,407$2,967$2,579$2,205
14 years$4,100$3,548$3,061$2,634$2,260$1,906
15 years$3,787$3,241$2,764$2,349$1,990$1,654
16 years$3,513$2,974$2,506$2,103$1,759$1,440
17 years$3,272$2,739$2,280$1,890$1,560$1,258
18 years$3,058$2,531$2,082$1,703$1,387$1,101
19 years$2,867$2,345$1,906$1,539$1,236$966
20 years$2,695$2,180$1,749$1,394$1,104$850
21 years$2,540$2,030$1,609$1,265$988$748
22 years$2,399$1,895$1,483$1,150$886$660
23 years$2,270$1,772$1,369$1,047$795$583
24 years$2,153$1,661$1,266$955$715$515
25 years$2,044$1,558$1,173$872$643$456
26 years$1,945$1,465$1,088$798$579$403
27 years$1,853$1,378$1,010$730$522$358
28 years$1,767$1,299$939$669$471$317
29 years$1,688$1,225$874$613$425$281
30 years$1,614$1,157$814$563$384$250
31 years$1,545$1,094$759$517$348$222
32 years$1,481$1,035$708$475$314$197
33 years$1,420$980$661$437$285$175
34 years$1,363$929$617$402$258$156
35 years$1,310$881$577$370$233$138
36 years$1,259$836$540$341$211$123
37 years$1,212$794$505$314$192$110
38 years$1,167$755$473$289$174$98
39 years$1,124$718$443$267$158$87
40 years$1,084$683$416$246$143$77
41 years$1,046$650$390$227$130$69
42 years$1,010$619$366$210$118$61
43 years$975$590$343$194$107$55
44 years$942$562$322$179$97$49
45 years$911$536$302$165$88$43
46 years$881$512$284$152$80$39
47 years$852$488$267$141$73$34
48 years$825$466$251$130$66$31
49 years$799$445$236$120$60$27
50 years$774$425$222$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $793,000, adding $4,532 every year, while hoping to spend $53,910 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: 35/35/30 Blend
54$793,000$793,000$793,000$793,000
55$878,561$836,532$824,240$901,255
56$910,814$820,162$794,492$902,364
57$944,551$801,183$761,941$898,429
58$979,864$779,411$726,436$893,165
59$1,016,858$754,649$687,819$886,489
60$1,055,641$726,691$645,925$878,319
61$1,096,335$695,318$600,582$868,566
62$1,139,070$660,297$551,610$857,140
63$1,183,988$621,384$498,821$843,947
64$1,231,242$578,319$442,019$828,892
65$1,281,000$530,828$380,999$811,874
66$1,333,445$478,622$315,545$792,791
67$1,388,776$421,394$245,436$771,538
68$1,447,209$358,820$170,436$748,008
69$1,508,981$290,559$90,302$722,090
70$1,574,349$216,249$4,779$693,674
71$1,643,596$135,508$0$662,644
72$1,717,029$47,934$0$656,572
73$1,794,984$0$0$651,088
74$1,877,830$0$0$662,700
75$1,965,968$0$0$694,755
76$2,059,839$0$0$728,960
77$2,159,925$0$0$765,499
78$2,266,754$0$0$804,574
79$2,380,905$0$0$846,406
80$2,503,012$0$0$891,238
81$2,633,771$0$0$939,335
82$2,773,944$0$0$990,990
83$2,924,367$0$0$1,046,522
84$3,085,960$0$0$1,106,284
85$3,259,729$0$0$1,170,662
86$3,446,781$0$0$1,240,079
87$3,648,331$0$0$1,315,003
88$3,865,713$0$0$1,395,944
89$4,100,394$0$0$1,483,466
90$4,353,985$0$0$1,578,187
91$4,628,254$0$0$1,680,787
92$4,925,150$0$0$1,792,013
93$5,246,811$0$0$1,912,688
94$5,595,589$0$0$2,043,715
95$5,974,070$0$0$2,186,088
96$6,385,101$0$0$2,340,902
97$6,831,809$0$0$2,509,360
98$7,317,637$0$0$2,692,786
99$7,846,373$0$0$2,892,636
100$8,422,184$0$0$3,110,514