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%15.1%
1 years$65,650$65,066$64,495$63,938$63,394$62,064
2 years$32,500$31,895$31,308$30,740$30,188$28,853
3 years$21,452$20,844$20,259$19,695$19,152$17,856
4 years$15,928$15,322$14,743$14,189$13,660$12,411
5 years$12,615$12,013$11,441$10,899$10,384$9,187
6 years$10,407$9,809$9,246$8,716$8,216$7,072
7 years$8,831$8,238$7,684$7,166$6,682$5,591
8 years$7,649$7,061$6,516$6,011$5,543$4,505
9 years$6,730$6,148$5,613$5,120$4,668$3,682
10 years$5,996$5,419$4,893$4,414$3,978$3,042
11 years$5,395$4,825$4,308$3,841$3,421$2,535
12 years$4,895$4,330$3,823$3,369$2,965$2,127
13 years$4,472$3,913$3,416$2,975$2,585$1,794
14 years$4,110$3,557$3,069$2,640$2,266$1,521
15 years$3,796$3,249$2,771$2,355$1,995$1,294
16 years$3,522$2,981$2,512$2,108$1,763$1,104
17 years$3,281$2,746$2,286$1,894$1,564$945
18 years$3,066$2,537$2,087$1,707$1,390$810
19 years$2,874$2,351$1,910$1,543$1,239$696
20 years$2,702$2,185$1,753$1,397$1,107$599
21 years$2,546$2,035$1,613$1,268$990$516
22 years$2,405$1,900$1,486$1,153$888$445
23 years$2,276$1,777$1,372$1,050$797$384
24 years$2,158$1,665$1,269$958$716$332
25 years$2,050$1,562$1,176$875$645$287
26 years$1,950$1,468$1,090$800$581$248
27 years$1,857$1,382$1,012$732$523$215
28 years$1,772$1,302$941$671$472$186
29 years$1,692$1,228$876$615$427$161
30 years$1,618$1,160$816$564$385$140
31 years$1,549$1,097$761$518$348$121
32 years$1,484$1,038$710$476$315$105
33 years$1,424$983$663$438$285$91
34 years$1,367$931$619$403$258$79
35 years$1,313$883$579$371$234$69
36 years$1,263$838$541$342$212$60
37 years$1,215$796$507$315$192$52
38 years$1,170$757$475$290$174$45
39 years$1,127$720$445$268$158$39
40 years$1,087$685$417$247$143$34
41 years$1,049$652$391$228$130$29
42 years$1,012$621$367$210$118$26
43 years$978$591$344$194$107$22
44 years$945$564$323$179$97$19
45 years$913$538$303$165$88$17
46 years$883$513$285$153$80$15
47 years$855$489$268$141$73$13
48 years$827$467$251$130$66$11
49 years$801$446$236$121$60$10
50 years$776$426$222$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $795,000, adding $5,895 every year, while hoping to spend $31,434 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: 79/15/6 Blend
54$795,000$795,000$795,000$795,000
55$882,171$840,036$827,713$950,959
56$938,707$847,752$821,996$1,004,593
57$999,956$854,793$815,034$1,058,686
58$1,066,365$861,092$806,752$1,117,076
59$1,138,428$866,578$797,071$1,180,176
60$1,216,684$871,178$785,910$1,248,441
61$1,301,731$874,810$773,182$1,322,370
62$1,394,221$877,390$758,798$1,402,515
63$1,494,877$878,827$742,663$1,489,483
64$1,604,490$879,025$724,678$1,583,944
65$1,723,934$877,883$704,741$1,686,635
66$1,854,168$875,293$682,743$1,798,368
67$1,996,250$871,139$658,571$1,920,038
68$2,151,342$865,299$632,108$2,052,632
69$2,320,725$857,645$603,229$2,197,235
70$2,505,809$848,039$571,807$2,355,047
71$2,708,144$836,336$537,705$2,527,387
72$2,929,440$822,382$500,784$2,715,708
73$3,171,578$806,013$460,895$2,921,615
74$3,436,629$787,058$417,885$3,146,874
75$3,726,874$765,333$371,593$3,393,432
76$4,044,825$740,644$321,851$3,663,435
77$4,393,248$712,786$268,484$3,959,249
78$4,775,189$681,542$211,308$4,283,479
79$5,194,004$646,684$150,133$4,639,000
80$5,653,388$607,967$84,758$5,028,978
81$6,157,411$565,135$14,975$5,456,903
82$6,710,558$517,917$0$5,926,623
83$7,317,765$466,025$0$6,446,187
84$7,984,474$409,157$0$7,017,730
85$8,716,676$346,992$0$7,645,459
86$9,520,973$279,191$0$8,335,068
87$10,404,638$205,396$0$9,092,832
88$11,375,680$125,230$0$9,925,665
89$12,442,927$38,293$0$10,841,188
90$13,616,101$0$0$11,847,801
91$14,905,914$0$0$12,963,974
92$16,324,169$0$0$14,198,275
93$17,883,869$0$0$15,555,702
94$19,599,338$0$0$17,048,726
95$21,486,363$0$0$18,691,088
96$23,562,332$0$0$20,497,929
97$25,846,407$0$0$22,485,927
98$28,359,701$0$0$24,673,464
99$31,125,475$0$0$27,080,790
100$34,169,359$0$0$29,730,218