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%12%
1 years$65,568$64,984$64,414$63,858$63,315$62,784
2 years$32,459$31,855$31,269$30,701$30,150$29,615
3 years$21,425$20,817$20,233$19,670$19,128$18,606
4 years$15,908$15,303$14,724$14,171$13,642$13,137
5 years$12,599$11,998$11,427$10,885$10,371$9,883
6 years$10,394$9,797$9,235$8,705$8,206$7,737
7 years$8,820$8,228$7,674$7,157$6,674$6,223
8 years$7,639$7,053$6,508$6,004$5,536$5,105
9 years$6,722$6,141$5,605$5,114$4,663$4,249
10 years$5,988$5,413$4,887$4,408$3,973$3,578
11 years$5,388$4,818$4,302$3,836$3,417$3,040
12 years$4,889$4,325$3,818$3,365$2,961$2,602
13 years$4,466$3,908$3,411$2,971$2,582$2,240
14 years$4,105$3,553$3,065$2,637$2,263$1,938
15 years$3,791$3,245$2,767$2,352$1,993$1,684
16 years$3,518$2,978$2,509$2,106$1,761$1,469
17 years$3,276$2,742$2,283$1,892$1,562$1,284
18 years$3,062$2,534$2,084$1,705$1,389$1,126
19 years$2,871$2,348$1,908$1,541$1,238$990
20 years$2,699$2,182$1,751$1,395$1,105$871
21 years$2,543$2,033$1,611$1,266$989$768
22 years$2,402$1,897$1,484$1,151$887$679
23 years$2,273$1,775$1,371$1,049$796$600
24 years$2,155$1,663$1,268$956$715$531
25 years$2,047$1,560$1,174$873$644$471
26 years$1,947$1,467$1,089$799$580$418
27 years$1,855$1,380$1,011$731$523$371
28 years$1,770$1,301$940$670$472$329
29 years$1,690$1,227$875$614$426$293
30 years$1,616$1,159$815$564$385$260
31 years$1,547$1,095$760$518$348$231
32 years$1,483$1,036$709$476$315$206
33 years$1,422$981$662$438$285$183
34 years$1,365$930$618$403$258$163
35 years$1,312$882$578$371$234$145
36 years$1,261$837$541$341$212$130
37 years$1,213$795$506$314$192$115
38 years$1,168$756$474$290$174$103
39 years$1,126$719$444$267$158$92
40 years$1,086$684$416$247$143$82
41 years$1,047$651$390$227$130$73
42 years$1,011$620$366$210$118$65
43 years$976$591$344$194$107$58
44 years$943$563$322$179$97$52
45 years$912$537$303$165$88$46
46 years$882$512$284$153$80$41
47 years$854$489$267$141$73$37
48 years$826$467$251$130$66$33
49 years$800$446$236$120$60$29
50 years$775$426$222$111$54$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $794,000, adding $4,488 every year, while hoping to spend $34,379 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: 33/37/30 Blend
54$794,000$794,000$794,000$794,000
55$879,617$837,535$825,228$900,530
56$932,759$841,996$816,295$921,365
57$990,170$845,522$805,909$940,463
58$1,052,247$848,033$793,987$960,390
59$1,119,431$849,441$780,440$981,244
60$1,192,202$849,653$765,175$1,003,135
61$1,271,092$848,571$748,093$1,026,189
62$1,356,683$846,091$729,094$1,050,545
63$1,449,617$842,101$708,071$1,076,360
64$1,550,598$836,485$684,911$1,103,811
65$1,660,402$829,116$659,499$1,133,095
66$1,779,884$819,863$631,713$1,164,433
67$1,909,981$808,585$601,424$1,198,073
68$2,051,727$795,134$568,500$1,234,292
69$2,206,260$779,352$532,802$1,273,399
70$2,374,831$761,073$494,183$1,315,739
71$2,558,817$740,119$452,491$1,361,699
72$2,759,735$716,303$407,568$1,411,706
73$2,979,254$689,428$359,248$1,466,241
74$3,219,212$659,284$307,357$1,525,836
75$3,481,632$625,650$251,713$1,591,085
76$3,768,741$588,290$192,129$1,662,649
77$4,082,994$546,956$128,406$1,741,263
78$4,427,090$501,388$60,338$1,827,742
79$4,804,004$451,307$0$1,922,996
80$5,217,012$396,420$0$2,031,969
81$5,669,721$336,419$0$2,172,711
82$6,166,105$270,976$0$2,327,204
83$6,710,539$199,745$0$2,496,906
84$7,307,843$122,362$0$2,683,426
85$7,963,326$38,441$0$2,888,545
86$8,682,837$0$0$3,114,232
87$9,472,816$0$0$3,384,005
88$10,340,359$0$0$3,697,578
89$11,293,283$0$0$4,042,140
90$12,340,198$0$0$4,420,821
91$13,490,592$0$0$4,837,069
92$14,754,914$0$0$5,294,681
93$16,144,678$0$0$5,797,844
94$17,672,568$0$0$6,351,166
95$19,352,558$0$0$6,959,729
96$21,200,045$0$0$7,629,128
97$23,231,992$0$0$8,365,531
98$25,467,088$0$0$9,175,731
99$27,925,925$0$0$10,067,214
100$30,631,191$0$0$11,048,229