Can I retire at age 55 with 797,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$65,816$65,229$64,657$64,099$63,554$62,118
2 years$32,582$31,975$31,387$30,817$30,264$28,825
3 years$21,506$20,896$20,309$19,745$19,201$17,804
4 years$15,968$15,361$14,780$14,225$13,694$12,350
5 years$12,647$12,043$11,470$10,926$10,410$9,122
6 years$10,433$9,834$9,269$8,738$8,237$7,007
7 years$8,853$8,259$7,703$7,184$6,699$5,527
8 years$7,668$7,079$6,533$6,026$5,557$4,443
9 years$6,747$6,164$5,627$5,133$4,680$3,622
10 years$6,011$5,433$4,905$4,425$3,988$2,986
11 years$5,409$4,837$4,319$3,851$3,430$2,482
12 years$4,907$4,341$3,833$3,378$2,972$2,077
13 years$4,483$3,923$3,424$2,982$2,592$1,748
14 years$4,120$3,566$3,077$2,647$2,272$1,477
15 years$3,806$3,258$2,778$2,361$2,000$1,253
16 years$3,531$2,989$2,519$2,114$1,768$1,066
17 years$3,289$2,753$2,292$1,899$1,568$910
18 years$3,074$2,544$2,092$1,712$1,394$778
19 years$2,882$2,357$1,915$1,547$1,242$666
20 years$2,709$2,191$1,758$1,401$1,110$571
21 years$2,553$2,040$1,617$1,271$993$491
22 years$2,411$1,905$1,490$1,156$890$422
23 years$2,282$1,781$1,376$1,053$799$363
24 years$2,163$1,669$1,272$960$718$313
25 years$2,055$1,566$1,178$877$646$270
26 years$1,955$1,472$1,093$802$582$233
27 years$1,862$1,385$1,015$734$525$201
28 years$1,776$1,305$944$672$474$173
29 years$1,697$1,232$878$617$428$150
30 years$1,622$1,163$818$566$386$129
31 years$1,553$1,099$762$520$349$112
32 years$1,488$1,040$711$478$316$97
33 years$1,427$985$664$439$286$84
34 years$1,370$934$621$404$259$72
35 years$1,316$886$580$372$234$63
36 years$1,266$841$543$343$212$54
37 years$1,218$798$508$316$193$47
38 years$1,173$759$476$291$175$40
39 years$1,130$721$446$268$158$35
40 years$1,090$686$418$247$144$30
41 years$1,051$653$392$228$130$26
42 years$1,015$622$367$211$118$23
43 years$980$593$345$194$107$20
44 years$947$565$324$180$97$17
45 years$915$539$304$166$88$15
46 years$885$514$285$153$80$13
47 years$857$491$268$142$73$11
48 years$829$468$252$131$66$10
49 years$803$447$237$121$60$8
50 years$778$427$223$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $797,000, adding $3,778 every year, while hoping to spend $45,580 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$797,000$797,000$797,000$797,000
55$882,191$839,950$827,597$938,690
56$923,678$832,611$806,824$969,355
57$967,868$823,384$783,828$997,043
58$1,014,991$812,130$758,486$1,026,076
59$1,065,294$798,699$730,670$1,056,579
60$1,119,052$782,933$700,245$1,088,690
61$1,176,564$764,665$667,072$1,122,566
62$1,238,158$743,718$631,003$1,158,377
63$1,304,194$719,905$591,886$1,196,316
64$1,375,069$693,026$549,561$1,236,594
65$1,451,214$662,873$503,860$1,279,448
66$1,533,107$629,223$454,608$1,325,140
67$1,621,270$591,841$401,623$1,373,961
68$1,716,276$550,478$344,715$1,426,234
69$1,818,757$504,872$283,684$1,482,319
70$1,929,405$454,745$218,321$1,542,612
71$2,048,980$399,804$148,411$1,607,556
72$2,178,320$339,738$73,727$1,677,641
73$2,318,343$274,219$0$1,753,410
74$2,470,060$202,902$0$1,835,785
75$2,634,583$125,421$0$1,929,332
76$2,813,133$41,389$0$2,030,868
77$3,007,054$0$0$2,141,227
78$3,217,826$0$0$2,277,708
79$3,447,074$0$0$2,441,061
80$3,696,588$0$0$2,618,903
81$3,968,336$0$0$2,812,644
82$4,264,485$0$0$3,023,835
83$4,587,421$0$0$3,254,183
84$4,939,766$0$0$3,505,567
85$5,324,410$0$0$3,780,054
86$5,744,532$0$0$4,079,923
87$6,203,634$0$0$4,407,678
88$6,705,568$0$0$4,766,080
89$7,254,578$0$0$5,158,167
90$7,855,336$0$0$5,587,284
91$8,512,987$0$0$6,057,115
92$9,233,195$0$0$6,571,716
93$10,022,198$0$0$7,135,556
94$10,886,866$0$0$7,753,553
95$11,834,767$0$0$8,431,125
96$12,874,233$0$0$9,174,242
97$14,014,442$0$0$9,989,476
98$15,265,505$0$0$10,884,066
99$16,638,556$0$0$11,865,988
100$18,145,861$0$0$12,944,026