Can I retire at age 55 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$65,733$65,147$64,576$64,019$63,474$61,739
2 years$32,541$31,935$31,348$30,778$30,226$28,491
3 years$21,479$20,870$20,284$19,720$19,176$17,495
4 years$15,948$15,342$14,762$14,207$13,677$12,063
5 years$12,631$12,028$11,456$10,912$10,397$8,854
6 years$10,420$9,822$9,258$8,727$8,227$6,757
7 years$8,842$8,248$7,693$7,175$6,691$5,293
8 years$7,659$7,070$6,525$6,019$5,550$4,225
9 years$6,739$6,156$5,620$5,127$4,674$3,420
10 years$6,003$5,426$4,899$4,419$3,983$2,798
11 years$5,402$4,831$4,313$3,846$3,425$2,308
12 years$4,901$4,336$3,828$3,373$2,968$1,916
13 years$4,478$3,918$3,420$2,978$2,588$1,600
14 years$4,115$3,562$3,073$2,644$2,269$1,341
15 years$3,801$3,254$2,774$2,358$1,998$1,128
16 years$3,527$2,985$2,515$2,111$1,766$952
17 years$3,285$2,749$2,289$1,897$1,566$805
18 years$3,070$2,540$2,089$1,709$1,392$682
19 years$2,878$2,354$1,913$1,545$1,241$579
20 years$2,705$2,188$1,755$1,399$1,108$492
21 years$2,549$2,038$1,615$1,270$992$419
22 years$2,408$1,902$1,488$1,154$889$357
23 years$2,279$1,779$1,374$1,051$798$304
24 years$2,161$1,667$1,271$959$717$260
25 years$2,052$1,564$1,177$876$645$222
26 years$1,952$1,470$1,092$801$581$189
27 years$1,860$1,384$1,014$733$524$162
28 years$1,774$1,304$942$671$473$138
29 years$1,694$1,230$877$616$427$118
30 years$1,620$1,162$817$565$386$101
31 years$1,551$1,098$761$519$349$87
32 years$1,486$1,039$710$477$316$74
33 years$1,426$984$663$439$286$63
34 years$1,368$933$620$404$259$54
35 years$1,315$885$579$372$234$47
36 years$1,264$840$542$342$212$40
37 years$1,217$797$507$315$192$34
38 years$1,171$758$475$291$174$29
39 years$1,129$721$445$268$158$25
40 years$1,088$686$417$247$143$21
41 years$1,050$653$391$228$130$18
42 years$1,013$622$367$210$118$16
43 years$979$592$344$194$107$13
44 years$946$564$323$179$97$12
45 years$914$538$304$166$88$10
46 years$884$513$285$153$80$8
47 years$856$490$268$141$73$7
48 years$828$468$252$131$66$6
49 years$802$447$237$121$60$5
50 years$777$427$222$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $796,000, adding $6,217 every year, while hoping to spend $27,216 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: 65/30/5 Blend
54$796,000$796,000$796,000$796,000
55$883,605$841,417$829,079$940,032
56$944,775$853,689$827,895$990,574
57$1,011,272$865,650$825,760$1,041,935
58$1,083,611$877,256$822,612$1,097,319
59$1,162,358$888,460$818,389$1,157,113
60$1,248,137$899,212$813,022$1,221,746
61$1,341,632$909,459$806,444$1,291,686
62$1,443,598$919,142$798,579$1,367,454
63$1,554,866$928,201$789,353$1,449,620
64$1,676,350$936,571$778,684$1,538,815
65$1,809,057$944,182$766,489$1,635,734
66$1,954,093$950,959$752,679$1,741,143
67$2,112,680$956,826$737,163$1,855,886
68$2,286,159$961,696$719,844$1,980,893
69$2,476,010$965,482$700,621$2,117,191
70$2,683,861$968,088$679,390$2,265,910
71$2,911,504$969,413$656,038$2,428,298
72$3,160,914$969,352$630,453$2,605,729
73$3,434,266$967,788$602,511$2,799,719
74$3,733,954$964,603$572,089$3,011,939
75$4,062,617$959,668$539,053$3,244,231
76$4,423,158$952,846$503,266$3,498,627
77$4,818,779$943,994$464,584$3,777,366
78$5,253,004$932,959$422,856$4,082,916
79$5,729,715$919,579$377,927$4,418,001
80$6,253,188$903,681$329,630$4,785,620
81$6,828,136$885,084$277,795$5,189,083
82$7,459,748$863,595$222,244$5,632,038
83$8,153,742$839,011$162,788$6,118,505
84$8,916,415$811,114$99,233$6,652,919
85$9,754,707$779,676$31,375$7,240,167
86$10,676,263$744,456$0$7,885,639
87$11,689,505$705,197$0$8,597,466
88$12,803,711$661,629$0$9,381,935
89$14,029,106$613,465$0$10,244,604
90$15,376,953$560,403$0$11,193,447
91$16,859,662$502,122$0$12,237,252
92$18,490,906$438,285$0$13,385,706
93$20,285,751$368,534$0$14,649,489
94$22,260,797$292,491$0$16,040,373
95$24,434,333$209,758$0$17,571,333
96$26,826,513$119,913$0$19,256,672
97$29,459,540$22,513$0$21,112,155
98$32,357,884$0$0$23,155,162
99$35,548,503$0$0$25,432,218
100$39,061,103$0$0$27,947,312