Can I retire at age 55 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$65,981$65,393$64,820$64,260$63,713$62,022
2 years$32,664$32,055$31,466$30,894$30,340$28,648
3 years$21,559$20,949$20,360$19,794$19,249$17,609
4 years$16,008$15,399$14,817$14,261$13,728$12,153
5 years$12,679$12,073$11,499$10,954$10,436$8,930
6 years$10,460$9,859$9,293$8,760$8,258$6,822
7 years$8,875$8,279$7,722$7,202$6,716$5,351
8 years$7,687$7,097$6,549$6,041$5,571$4,276
9 years$6,764$6,179$5,641$5,146$4,692$3,465
10 years$6,026$5,447$4,918$4,436$3,998$2,838
11 years$5,422$4,849$4,329$3,860$3,438$2,344
12 years$4,919$4,352$3,842$3,386$2,979$1,949
13 years$4,494$3,933$3,433$2,989$2,598$1,629
14 years$4,131$3,575$3,084$2,654$2,278$1,368
15 years$3,815$3,266$2,785$2,367$2,005$1,152
16 years$3,540$2,996$2,525$2,119$1,772$973
17 years$3,297$2,759$2,298$1,904$1,571$824
18 years$3,081$2,550$2,097$1,716$1,397$700
19 years$2,889$2,363$1,920$1,550$1,245$595
20 years$2,716$2,196$1,762$1,404$1,112$506
21 years$2,559$2,045$1,621$1,274$995$432
22 years$2,417$1,909$1,494$1,159$892$368
23 years$2,287$1,786$1,379$1,055$801$315
24 years$2,169$1,673$1,276$962$720$269
25 years$2,060$1,570$1,181$879$648$230
26 years$1,960$1,476$1,096$804$584$197
27 years$1,867$1,389$1,017$736$526$168
28 years$1,781$1,309$946$674$475$144
29 years$1,701$1,235$880$618$429$124
30 years$1,626$1,166$820$567$387$106
31 years$1,557$1,102$764$521$350$91
32 years$1,492$1,043$713$479$317$78
33 years$1,431$988$666$440$287$67
34 years$1,374$936$622$405$260$57
35 years$1,320$888$582$373$235$49
36 years$1,269$843$544$343$213$42
37 years$1,221$800$509$316$193$36
38 years$1,176$761$477$292$175$31
39 years$1,133$723$447$269$159$27
40 years$1,092$688$419$248$144$23
41 years$1,054$655$393$229$131$20
42 years$1,017$624$368$211$119$17
43 years$982$594$346$195$108$14
44 years$949$567$324$180$98$12
45 years$918$540$305$166$89$11
46 years$888$515$286$154$80$9
47 years$859$492$269$142$73$8
48 years$831$470$253$131$66$7
49 years$805$448$237$121$60$6
50 years$780$428$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $799,000, adding $6,528 every year, while hoping to spend $27,403 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: 65/14/21 Blend
54$799,000$799,000$799,000$799,000
55$887,232$844,885$832,500$939,745
56$948,573$857,127$831,232$988,085
57$1,015,252$869,052$829,004$1,037,189
58$1,087,785$880,613$825,753$1,090,213
59$1,166,740$891,763$821,416$1,147,542
60$1,252,740$902,452$815,926$1,209,603
61$1,346,472$912,625$809,212$1,276,864
62$1,448,692$922,224$801,201$1,349,841
63$1,560,233$931,187$791,815$1,429,106
64$1,682,009$939,448$780,974$1,515,286
65$1,815,030$946,936$768,592$1,609,076
66$1,960,405$953,578$754,581$1,711,239
67$2,119,355$959,292$738,849$1,822,621
68$2,293,227$963,995$721,298$1,944,150
69$2,483,501$967,596$701,826$2,076,853
70$2,691,808$969,998$680,328$2,221,861
71$2,919,945$971,100$656,691$2,380,421
72$3,169,890$970,794$630,800$2,553,909
73$3,443,820$968,965$602,534$2,743,843
74$3,744,135$965,490$571,764$2,951,895
75$4,073,478$960,239$538,359$3,179,910
76$4,434,757$953,076$502,178$3,429,923
77$4,831,179$943,853$463,078$3,704,177
78$5,266,275$932,418$420,907$4,005,145
79$5,743,933$918,604$375,506$4,335,555
80$6,268,439$902,240$326,709$4,698,415
81$6,844,510$883,140$274,345$5,097,040
82$7,477,347$861,111$218,232$5,535,087
83$8,172,675$835,945$158,182$6,016,587
84$8,936,806$807,424$93,999$6,545,985
85$9,776,689$775,316$25,476$7,128,182
86$10,699,982$739,378$0$7,768,581
87$11,715,123$699,350$0$8,483,814
88$12,831,406$654,958$0$9,276,560
89$14,059,072$605,914$0$10,148,395
90$15,409,404$551,910$0$11,107,357
91$16,894,834$492,624$0$12,162,303
92$18,529,058$427,714$0$13,322,993
93$20,327,168$356,818$0$14,600,183
94$22,305,791$279,555$0$16,005,728
95$24,483,250$195,521$0$17,552,693
96$26,879,731$104,291$0$19,255,473
97$29,517,478$5,415$0$21,129,935
98$32,420,999$0$0$23,193,565
99$35,617,300$0$0$25,481,283
100$39,136,139$0$0$28,000,839