Can I retire at age 55 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$65,568$64,984$64,414$63,858$63,315$62,113
2 years$32,459$31,855$31,269$30,701$30,150$28,943
3 years$21,425$20,817$20,233$19,670$19,128$17,955
4 years$15,908$15,303$14,724$14,171$13,642$12,512
5 years$12,599$11,998$11,427$10,885$10,371$9,286
6 years$10,394$9,797$9,235$8,705$8,206$7,168
7 years$8,820$8,228$7,674$7,157$6,674$5,682
8 years$7,639$7,053$6,508$6,004$5,536$4,592
9 years$6,722$6,141$5,605$5,114$4,663$3,764
10 years$5,988$5,413$4,887$4,408$3,973$3,119
11 years$5,388$4,818$4,302$3,836$3,417$2,608
12 years$4,889$4,325$3,818$3,365$2,961$2,195
13 years$4,466$3,908$3,411$2,971$2,582$1,858
14 years$4,105$3,553$3,065$2,637$2,263$1,580
15 years$3,791$3,245$2,767$2,352$1,993$1,349
16 years$3,518$2,978$2,509$2,106$1,761$1,155
17 years$3,276$2,742$2,283$1,892$1,562$992
18 years$3,062$2,534$2,084$1,705$1,389$854
19 years$2,871$2,348$1,908$1,541$1,238$736
20 years$2,699$2,182$1,751$1,395$1,105$636
21 years$2,543$2,033$1,611$1,266$989$550
22 years$2,402$1,897$1,484$1,151$887$476
23 years$2,273$1,775$1,371$1,049$796$413
24 years$2,155$1,663$1,268$956$715$358
25 years$2,047$1,560$1,174$873$644$311
26 years$1,947$1,467$1,089$799$580$270
27 years$1,855$1,380$1,011$731$523$235
28 years$1,770$1,301$940$670$472$204
29 years$1,690$1,227$875$614$426$178
30 years$1,616$1,159$815$564$385$155
31 years$1,547$1,095$760$518$348$135
32 years$1,483$1,036$709$476$315$117
33 years$1,422$981$662$438$285$102
34 years$1,365$930$618$403$258$89
35 years$1,312$882$578$371$234$78
36 years$1,261$837$541$341$212$68
37 years$1,213$795$506$314$192$59
38 years$1,168$756$474$290$174$51
39 years$1,126$719$444$267$158$45
40 years$1,086$684$416$247$143$39
41 years$1,047$651$390$227$130$34
42 years$1,011$620$366$210$118$30
43 years$976$591$344$194$107$26
44 years$943$563$322$179$97$23
45 years$912$537$303$165$88$20
46 years$882$512$284$153$80$17
47 years$854$489$267$141$73$15
48 years$826$467$251$130$66$13
49 years$800$446$236$120$60$11
50 years$775$426$222$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $794,000, adding $6,371 every year, while hoping to spend $56,069 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: 68/20/12 Blend
54$794,000$794,000$794,000$794,000
55$881,560$839,478$827,171$938,767
56$911,822$820,955$795,224$959,105
57$943,291$799,646$760,328$974,045
58$976,033$775,354$722,324$988,931
59$1,010,114$747,872$681,048$1,003,752
60$1,045,609$716,981$636,327$1,018,495
61$1,082,597$682,450$587,980$1,033,149
62$1,121,164$644,031$535,819$1,047,703
63$1,161,401$601,467$479,647$1,062,147
64$1,203,407$554,482$419,259$1,076,472
65$1,247,290$502,787$354,439$1,090,671
66$1,293,164$446,074$284,963$1,104,740
67$1,341,155$384,020$210,598$1,118,674
68$1,391,398$316,282$131,098$1,132,472
69$1,444,039$242,499$46,208$1,146,138
70$1,499,237$162,287$0$1,159,678
71$1,557,165$75,245$0$1,178,784
72$1,618,008$0$0$1,204,471
73$1,681,971$0$0$1,235,069
74$1,749,275$0$0$1,284,706
75$1,820,159$0$0$1,337,000
76$1,894,886$0$0$1,392,149
77$1,973,741$0$0$1,450,364
78$2,057,035$0$0$1,511,877
79$2,145,107$0$0$1,576,943
80$2,238,327$0$0$1,645,837
81$2,337,100$0$0$1,718,862
82$2,441,867$0$0$1,796,348
83$2,553,112$0$0$1,878,655
84$2,671,362$0$0$1,966,179
85$2,797,196$0$0$2,059,351
86$2,931,245$0$0$2,158,644
87$3,074,202$0$0$2,264,577
88$3,226,826$0$0$2,377,715
89$3,389,947$0$0$2,498,681
90$3,564,478$0$0$2,628,157
91$3,751,417$0$0$2,766,889
92$3,951,859$0$0$2,915,698
93$4,167,007$0$0$3,075,483
94$4,398,180$0$0$3,247,231
95$4,646,826$0$0$3,432,025
96$4,914,535$0$0$3,631,057
97$5,203,053$0$0$3,845,632
98$5,514,297$0$0$4,077,186
99$5,850,375$0$0$4,327,297
100$6,213,602$0$0$4,597,698