Can I retire at age 55 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$65,650$65,066$64,495$63,938$63,394$61,000
2 years$32,500$31,895$31,308$30,740$30,188$27,803
3 years$21,452$20,844$20,259$19,695$19,152$16,852
4 years$15,928$15,322$14,743$14,189$13,660$11,462
5 years$12,615$12,013$11,441$10,899$10,384$8,294
6 years$10,407$9,809$9,246$8,716$8,216$6,237
7 years$8,831$8,238$7,684$7,166$6,682$4,811
8 years$7,649$7,061$6,516$6,011$5,543$3,780
9 years$6,730$6,148$5,613$5,120$4,668$3,010
10 years$5,996$5,419$4,893$4,414$3,978$2,421
11 years$5,395$4,825$4,308$3,841$3,421$1,962
12 years$4,895$4,330$3,823$3,369$2,965$1,600
13 years$4,472$3,913$3,416$2,975$2,585$1,311
14 years$4,110$3,557$3,069$2,640$2,266$1,079
15 years$3,796$3,249$2,771$2,355$1,995$890
16 years$3,522$2,981$2,512$2,108$1,763$737
17 years$3,281$2,746$2,286$1,894$1,564$611
18 years$3,066$2,537$2,087$1,707$1,390$507
19 years$2,874$2,351$1,910$1,543$1,239$422
20 years$2,702$2,185$1,753$1,397$1,107$351
21 years$2,546$2,035$1,613$1,268$990$293
22 years$2,405$1,900$1,486$1,153$888$244
23 years$2,276$1,777$1,372$1,050$797$204
24 years$2,158$1,665$1,269$958$716$170
25 years$2,050$1,562$1,176$875$645$142
26 years$1,950$1,468$1,090$800$581$119
27 years$1,857$1,382$1,012$732$523$99
28 years$1,772$1,302$941$671$472$83
29 years$1,692$1,228$876$615$427$70
30 years$1,618$1,160$816$564$385$58
31 years$1,549$1,097$761$518$348$49
32 years$1,484$1,038$710$476$315$41
33 years$1,424$983$663$438$285$34
34 years$1,367$931$619$403$258$29
35 years$1,313$883$579$371$234$24
36 years$1,263$838$541$342$212$20
37 years$1,215$796$507$315$192$17
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$12
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$3
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $795,000, adding $4,487 every year, while hoping to spend $45,509 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: 60/34/6 Blend
54$795,000$795,000$795,000$795,000
55$880,718$838,583$826,261$932,287
56$922,130$831,253$805,519$960,005
57$966,241$822,038$782,558$984,582
58$1,013,278$810,798$757,254$1,010,231
59$1,063,490$797,384$729,479$1,037,054
60$1,117,149$781,639$699,100$1,065,168
61$1,174,555$763,396$665,976$1,094,702
62$1,236,035$742,478$629,962$1,125,801
63$1,301,949$718,698$590,904$1,158,626
64$1,372,691$691,857$548,642$1,193,358
65$1,448,693$661,746$503,010$1,230,199
66$1,530,432$628,144$453,833$1,269,371
67$1,618,428$590,815$400,929$1,311,126
68$1,713,255$549,512$344,107$1,355,742
69$1,815,540$503,972$283,168$1,403,529
70$1,925,977$453,917$217,905$1,454,832
71$2,045,323$399,056$148,101$1,510,037
72$2,174,413$339,077$73,530$1,569,569
73$2,314,166$273,654$0$1,633,906
74$2,465,589$202,442$0$1,703,962
75$2,629,792$125,074$0$1,784,986
76$2,807,994$41,166$0$1,872,936
77$3,001,536$0$0$1,968,552
78$3,211,894$0$0$2,091,248
79$3,440,691$0$0$2,241,506
80$3,689,713$0$0$2,405,105
81$3,960,924$0$0$2,583,342
82$4,256,487$0$0$2,777,646
83$4,578,780$0$0$2,989,589
84$4,930,424$0$0$3,220,902
85$5,314,301$0$0$3,473,490
86$5,733,584$0$0$3,749,449
87$6,191,767$0$0$4,051,089
88$6,692,694$0$0$4,380,951
89$7,240,602$0$0$4,741,833
90$7,840,151$0$0$5,136,817
91$8,496,476$0$0$5,569,296
92$9,215,231$0$0$6,043,007
93$10,002,639$0$0$6,562,063
94$10,865,559$0$0$7,130,997
95$11,811,539$0$0$7,754,800
96$12,848,897$0$0$8,438,969
97$13,986,792$0$0$9,189,558
98$15,235,312$0$0$10,013,237
99$16,605,570$0$0$10,917,350
100$18,109,806$0$0$11,909,990