Can I retire at age 55 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$65,898$65,311$64,738$64,179$63,634$61,181
2 years$32,623$32,015$31,426$30,856$30,302$27,860
3 years$21,533$20,922$20,335$19,769$19,225$16,871
4 years$15,988$15,380$14,799$14,243$13,711$11,463
5 years$12,663$12,058$11,484$10,940$10,423$8,286
6 years$10,447$9,846$9,281$8,749$8,247$6,224
7 years$8,864$8,269$7,713$7,193$6,707$4,796
8 years$7,678$7,088$6,541$6,034$5,564$3,763
9 years$6,756$6,171$5,634$5,139$4,686$2,993
10 years$6,018$5,440$4,912$4,430$3,993$2,404
11 years$5,415$4,843$4,324$3,856$3,434$1,946
12 years$4,913$4,347$3,838$3,382$2,976$1,585
13 years$4,489$3,928$3,429$2,986$2,595$1,297
14 years$4,125$3,570$3,081$2,650$2,275$1,066
15 years$3,811$3,262$2,781$2,364$2,003$878
16 years$3,535$2,993$2,522$2,116$1,770$726
17 years$3,293$2,756$2,295$1,902$1,569$601
18 years$3,078$2,547$2,095$1,714$1,395$498
19 years$2,885$2,360$1,918$1,548$1,244$414
20 years$2,712$2,193$1,760$1,402$1,111$344
21 years$2,556$2,043$1,619$1,273$994$286
22 years$2,414$1,907$1,492$1,157$891$238
23 years$2,285$1,784$1,378$1,054$800$199
24 years$2,166$1,671$1,274$961$719$166
25 years$2,057$1,568$1,180$878$647$138
26 years$1,957$1,474$1,094$803$583$115
27 years$1,864$1,387$1,016$735$525$96
28 years$1,779$1,307$945$673$474$80
29 years$1,699$1,233$879$617$428$67
30 years$1,624$1,165$819$567$387$56
31 years$1,555$1,101$763$520$350$47
32 years$1,490$1,042$712$478$316$39
33 years$1,429$986$665$440$286$33
34 years$1,372$935$621$405$259$27
35 years$1,318$887$581$372$235$23
36 years$1,267$842$543$343$213$19
37 years$1,220$799$509$316$193$16
38 years$1,174$760$476$291$175$13
39 years$1,132$722$446$269$159$11
40 years$1,091$687$418$248$144$9
41 years$1,053$654$392$229$130$8
42 years$1,016$623$368$211$118$7
43 years$981$594$345$195$107$5
44 years$948$566$324$180$98$5
45 years$917$540$304$166$89$4
46 years$887$515$286$153$80$3
47 years$858$491$269$142$73$3
48 years$830$469$252$131$66$2
49 years$804$448$237$121$60$2
50 years$779$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $798,000, adding $2,335 every year, while hoping to spend $53,479 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: 54/40/6 Blend
54$798,000$798,000$798,000$798,000
55$881,805$839,511$827,142$928,109
56$914,847$823,745$797,950$943,896
57$949,468$805,415$765,987$954,962
58$985,771$784,338$731,105$965,700
59$1,023,871$760,321$693,148$976,087
60$1,063,889$733,160$651,952$986,100
61$1,105,959$702,639$607,346$995,719
62$1,150,228$668,529$559,153$1,004,922
63$1,196,854$630,590$507,187$1,013,692
64$1,246,008$588,564$451,253$1,022,011
65$1,297,879$542,181$391,148$1,029,865
66$1,352,671$491,157$326,660$1,037,243
67$1,410,608$435,188$257,567$1,044,139
68$1,471,933$373,955$183,639$1,050,548
69$1,536,913$307,122$104,634$1,056,473
70$1,605,838$234,331$20,299$1,061,923
71$1,679,027$155,206$0$1,066,911
72$1,756,827$69,351$0$1,075,924
73$1,839,619$0$0$1,086,210
74$1,927,818$0$0$1,106,940
75$2,021,882$0$0$1,161,647
76$2,122,309$0$0$1,220,101
77$2,229,646$0$0$1,282,626
78$2,344,495$0$0$1,349,578
79$2,467,511$0$0$1,421,346
80$2,599,417$0$0$1,498,360
81$2,741,005$0$0$1,581,088
82$2,893,143$0$0$1,670,047
83$3,056,784$0$0$1,765,801
84$3,232,976$0$0$1,868,972
85$3,422,868$0$0$1,980,244
86$3,627,723$0$0$2,100,365
87$3,848,929$0$0$2,230,159
88$4,088,009$0$0$2,370,533
89$4,346,641$0$0$2,522,482
90$4,626,664$0$0$2,687,098
91$4,930,105$0$0$2,865,587
92$5,259,191$0$0$3,059,270
93$5,616,368$0$0$3,269,602
94$6,004,331$0$0$3,498,185
95$6,426,041$0$0$3,746,778
96$6,884,758$0$0$4,017,318
97$7,384,067$0$0$4,311,938
98$7,927,913$0$0$4,632,981
99$8,520,637$0$0$4,983,029
100$9,167,018$0$0$5,364,923