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%16.7%
1 years$65,981$65,393$64,820$64,260$63,713$61,972
2 years$32,664$32,055$31,466$30,894$30,340$28,598
3 years$21,559$20,949$20,360$19,794$19,249$17,561
4 years$16,008$15,399$14,817$14,261$13,728$12,108
5 years$12,679$12,073$11,499$10,954$10,436$8,887
6 years$10,460$9,859$9,293$8,760$8,258$6,782
7 years$8,875$8,279$7,722$7,202$6,716$5,313
8 years$7,687$7,097$6,549$6,041$5,571$4,241
9 years$6,764$6,179$5,641$5,146$4,692$3,433
10 years$6,026$5,447$4,918$4,436$3,998$2,809
11 years$5,422$4,849$4,329$3,860$3,438$2,317
12 years$4,919$4,352$3,842$3,386$2,979$1,924
13 years$4,494$3,933$3,433$2,989$2,598$1,606
14 years$4,131$3,575$3,084$2,654$2,278$1,346
15 years$3,815$3,266$2,785$2,367$2,005$1,132
16 years$3,540$2,996$2,525$2,119$1,772$955
17 years$3,297$2,759$2,298$1,904$1,571$808
18 years$3,081$2,550$2,097$1,716$1,397$685
19 years$2,889$2,363$1,920$1,550$1,245$581
20 years$2,716$2,196$1,762$1,404$1,112$494
21 years$2,559$2,045$1,621$1,274$995$420
22 years$2,417$1,909$1,494$1,159$892$358
23 years$2,287$1,786$1,379$1,055$801$305
24 years$2,169$1,673$1,276$962$720$261
25 years$2,060$1,570$1,181$879$648$223
26 years$1,960$1,476$1,096$804$584$190
27 years$1,867$1,389$1,017$736$526$162
28 years$1,781$1,309$946$674$475$139
29 years$1,701$1,235$880$618$429$119
30 years$1,626$1,166$820$567$387$102
31 years$1,557$1,102$764$521$350$87
32 years$1,492$1,043$713$479$317$74
33 years$1,431$988$666$440$287$64
34 years$1,374$936$622$405$260$55
35 years$1,320$888$582$373$235$47
36 years$1,269$843$544$343$213$40
37 years$1,221$800$509$316$193$34
38 years$1,176$761$477$292$175$29
39 years$1,133$723$447$269$159$25
40 years$1,092$688$419$248$144$22
41 years$1,054$655$393$229$131$18
42 years$1,017$624$368$211$119$16
43 years$982$594$346$195$108$14
44 years$949$567$324$180$98$12
45 years$918$540$305$166$89$10
46 years$888$515$286$154$80$9
47 years$859$492$269$142$73$7
48 years$831$470$253$131$66$6
49 years$805$448$237$121$60$5
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 $6,069 every year, while hoping to spend $21,626 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: 54/17/29 Blend
54$799,000$799,000$799,000$799,000
55$886,758$844,411$832,027$927,189
56$954,198$862,777$836,890$974,194
57$1,027,791$881,319$841,191$1,022,637
58$1,108,143$900,021$844,888$1,074,951
59$1,195,920$918,869$847,939$1,131,517
60$1,291,855$937,844$850,295$1,192,754
61$1,396,755$956,929$851,911$1,259,125
62$1,511,508$976,102$852,734$1,331,140
63$1,637,093$995,342$852,711$1,409,362
64$1,774,587$1,014,625$851,788$1,494,409
65$1,925,176$1,033,923$849,904$1,586,967
66$2,090,167$1,053,208$846,999$1,687,788
67$2,270,999$1,072,450$843,009$1,797,705
68$2,469,257$1,091,616$837,865$1,917,635
69$2,686,685$1,110,669$831,497$2,048,588
70$2,925,206$1,129,571$823,831$2,191,680
71$3,186,937$1,148,280$814,790$2,348,139
72$3,474,211$1,166,752$804,291$2,519,322
73$3,789,596$1,184,938$792,251$2,706,723
74$4,135,922$1,202,788$778,579$2,911,990
75$4,516,307$1,220,245$763,182$3,136,940
76$4,934,184$1,237,251$745,963$3,383,578
77$5,393,338$1,253,743$726,819$3,654,113
78$5,897,934$1,269,653$705,644$3,950,981
79$6,452,566$1,284,908$682,325$4,276,867
80$7,062,291$1,299,432$656,746$4,634,734
81$7,732,682$1,313,141$628,784$5,027,846
82$8,469,879$1,325,949$598,312$5,459,803
83$9,280,646$1,337,760$565,196$5,934,575
84$10,172,438$1,348,476$529,295$6,456,536
85$11,153,465$1,357,990$490,465$7,030,510
86$12,232,775$1,366,188$448,552$7,661,816
87$13,420,337$1,372,950$403,397$8,356,317
88$14,727,134$1,378,147$354,834$9,120,477
89$16,165,270$1,381,644$302,689$9,961,420
90$17,748,078$1,383,296$246,780$10,887,003
91$19,490,252$1,382,947$186,917$11,905,884
92$21,407,981$1,380,436$122,903$13,027,609
93$23,519,106$1,375,587$54,530$14,262,702
94$25,843,281$1,368,218$0$15,622,762
95$28,402,168$1,358,132$0$17,126,281
96$31,219,631$1,345,123$0$18,800,027
97$34,321,969$1,328,969$0$20,642,718
98$37,738,161$1,309,440$0$22,671,556
99$41,500,138$1,286,287$0$24,905,501
100$45,643,086$1,259,249$0$27,365,441