Can I retire at age 55 with 798,000?

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 $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%12.5%
1 years$65,898$65,311$64,738$64,179$63,634$62,969
2 years$32,623$32,015$31,426$30,856$30,302$29,633
3 years$21,533$20,922$20,335$19,769$19,225$18,572
4 years$15,988$15,380$14,799$14,243$13,711$13,079
5 years$12,663$12,058$11,484$10,940$10,423$9,814
6 years$10,447$9,846$9,281$8,749$8,247$7,662
7 years$8,864$8,269$7,713$7,193$6,707$6,146
8 years$7,678$7,088$6,541$6,034$5,564$5,027
9 years$6,756$6,171$5,634$5,139$4,686$4,172
10 years$6,018$5,440$4,912$4,430$3,993$3,502
11 years$5,415$4,843$4,324$3,856$3,434$2,967
12 years$4,913$4,347$3,838$3,382$2,976$2,531
13 years$4,489$3,928$3,429$2,986$2,595$2,172
14 years$4,125$3,570$3,081$2,650$2,275$1,873
15 years$3,811$3,262$2,781$2,364$2,003$1,622
16 years$3,535$2,993$2,522$2,116$1,770$1,410
17 years$3,293$2,756$2,295$1,902$1,569$1,229
18 years$3,078$2,547$2,095$1,714$1,395$1,074
19 years$2,885$2,360$1,918$1,548$1,244$940
20 years$2,712$2,193$1,760$1,402$1,111$825
21 years$2,556$2,043$1,619$1,273$994$725
22 years$2,414$1,907$1,492$1,157$891$638
23 years$2,285$1,784$1,378$1,054$800$562
24 years$2,166$1,671$1,274$961$719$495
25 years$2,057$1,568$1,180$878$647$437
26 years$1,957$1,474$1,094$803$583$386
27 years$1,864$1,387$1,016$735$525$341
28 years$1,779$1,307$945$673$474$302
29 years$1,699$1,233$879$617$428$267
30 years$1,624$1,165$819$567$387$237
31 years$1,555$1,101$763$520$350$210
32 years$1,490$1,042$712$478$316$186
33 years$1,429$986$665$440$286$165
34 years$1,372$935$621$405$259$146
35 years$1,318$887$581$372$235$130
36 years$1,267$842$543$343$213$115
37 years$1,220$799$509$316$193$102
38 years$1,174$760$476$291$175$91
39 years$1,132$722$446$269$159$80
40 years$1,091$687$418$248$144$71
41 years$1,053$654$392$229$130$63
42 years$1,016$623$368$211$118$56
43 years$981$594$345$195$107$50
44 years$948$566$324$180$98$44
45 years$917$540$304$166$89$39
46 years$887$515$286$153$80$35
47 years$858$491$269$142$73$31
48 years$830$469$252$131$66$28
49 years$804$448$237$121$60$25
50 years$779$428$223$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $798,000, adding $5,563 every year, while hoping to spend $20,403 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: 80/14/6 Blend
54$798,000$798,000$798,000$798,000
55$885,134$842,840$830,471$955,092
56$953,709$862,431$836,583$1,021,287
57$1,028,595$882,297$842,216$1,090,635
58$1,110,414$902,432$847,333$1,166,105
59$1,199,851$922,826$851,893$1,248,296
60$1,297,660$943,469$855,856$1,337,870
61$1,404,671$964,348$859,177$1,435,553
62$1,521,799$985,453$861,811$1,542,148
63$1,650,050$1,006,768$863,709$1,658,537
64$1,790,533$1,028,278$864,821$1,785,692
65$1,944,470$1,049,965$865,095$1,924,683
66$2,113,203$1,071,811$864,473$2,076,690
67$2,298,215$1,093,795$862,898$2,243,012
68$2,501,137$1,115,894$860,309$2,425,080
69$2,723,764$1,138,085$856,640$2,624,469
70$2,968,076$1,160,339$851,826$2,842,916
71$3,236,252$1,182,627$845,794$3,082,335
72$3,530,693$1,204,920$838,472$3,344,833
73$3,854,044$1,227,181$829,781$3,632,731
74$4,209,218$1,249,374$819,640$3,948,587
75$4,599,424$1,271,460$807,964$4,295,221
76$5,028,199$1,293,396$794,665$4,675,738
77$5,499,438$1,315,134$779,649$5,093,558
78$6,017,432$1,336,627$762,818$5,552,453
79$6,586,907$1,357,819$744,070$6,056,575
80$7,213,074$1,378,655$723,299$6,610,502
81$7,901,671$1,399,072$700,392$7,219,276
82$8,659,019$1,419,004$675,233$7,888,456
83$9,492,086$1,438,382$647,700$8,624,165
84$10,408,545$1,457,129$617,664$9,433,149
85$11,416,854$1,475,165$584,993$10,322,844
86$12,526,329$1,492,405$549,547$11,301,443
87$13,747,236$1,508,755$511,179$12,377,974
88$15,090,888$1,524,117$469,737$13,562,386
89$16,569,748$1,538,388$425,062$14,865,641
90$18,197,548$1,551,455$376,987$16,299,819
91$19,989,421$1,563,199$325,339$17,878,234
92$21,962,040$1,573,494$269,936$19,615,555
93$24,133,778$1,582,205$210,589$21,527,947
94$26,524,879$1,589,189$147,099$23,633,225
95$29,157,649$1,594,292$79,260$25,951,020
96$32,056,671$1,597,354$6,857$28,502,964
97$35,249,028$1,598,201$0$31,312,898
98$38,764,567$1,596,651$0$34,411,599
99$42,636,175$1,592,509$0$37,824,272
100$46,900,092$1,585,569$0$41,582,396