Can I retire at age 55 with 799,000?

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 $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%11.1%
1 years$65,981$65,393$64,820$64,260$63,713$63,418
2 years$32,664$32,055$31,466$30,894$30,340$30,042
3 years$21,559$20,949$20,360$19,794$19,249$18,957
4 years$16,008$15,399$14,817$14,261$13,728$13,446
5 years$12,679$12,073$11,499$10,954$10,436$10,163
6 years$10,460$9,859$9,293$8,760$8,258$7,994
7 years$8,875$8,279$7,722$7,202$6,716$6,462
8 years$7,687$7,097$6,549$6,041$5,571$5,328
9 years$6,764$6,179$5,641$5,146$4,692$4,459
10 years$6,026$5,447$4,918$4,436$3,998$3,774
11 years$5,422$4,849$4,329$3,860$3,438$3,224
12 years$4,919$4,352$3,842$3,386$2,979$2,775
13 years$4,494$3,933$3,433$2,989$2,598$2,403
14 years$4,131$3,575$3,084$2,654$2,278$2,092
15 years$3,815$3,266$2,785$2,367$2,005$1,829
16 years$3,540$2,996$2,525$2,119$1,772$1,604
17 years$3,297$2,759$2,298$1,904$1,571$1,412
18 years$3,081$2,550$2,097$1,716$1,397$1,246
19 years$2,889$2,363$1,920$1,550$1,245$1,102
20 years$2,716$2,196$1,762$1,404$1,112$977
21 years$2,559$2,045$1,621$1,274$995$867
22 years$2,417$1,909$1,494$1,159$892$771
23 years$2,287$1,786$1,379$1,055$801$686
24 years$2,169$1,673$1,276$962$720$612
25 years$2,060$1,570$1,181$879$648$546
26 years$1,960$1,476$1,096$804$584$488
27 years$1,867$1,389$1,017$736$526$436
28 years$1,781$1,309$946$674$475$390
29 years$1,701$1,235$880$618$429$349
30 years$1,626$1,166$820$567$387$313
31 years$1,557$1,102$764$521$350$280
32 years$1,492$1,043$713$479$317$251
33 years$1,431$988$666$440$287$225
34 years$1,374$936$622$405$260$202
35 years$1,320$888$582$373$235$181
36 years$1,269$843$544$343$213$163
37 years$1,221$800$509$316$193$146
38 years$1,176$761$477$292$175$131
39 years$1,133$723$447$269$159$118
40 years$1,092$688$419$248$144$106
41 years$1,054$655$393$229$131$95
42 years$1,017$624$368$211$119$86
43 years$982$594$346$195$108$77
44 years$949$567$324$180$98$69
45 years$918$540$305$166$89$62
46 years$888$515$286$154$80$56
47 years$859$492$269$142$73$50
48 years$831$470$253$131$66$45
49 years$805$448$237$121$60$41
50 years$780$428$223$112$55$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $799,000, adding $4,636 every year, while hoping to spend $22,316 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: 51/33/16 Blend
54$799,000$799,000$799,000$799,000
55$885,280$842,933$830,549$926,331
56$951,835$860,493$834,628$972,587
57$1,024,430$878,165$838,096$1,020,133
58$1,103,658$895,931$840,909$1,071,333
59$1,190,172$913,773$843,020$1,126,540
60$1,284,689$931,668$844,381$1,186,140
61$1,388,001$949,592$844,941$1,250,563
62$1,500,976$967,522$844,646$1,320,280
63$1,624,575$985,429$843,440$1,395,811
64$1,759,851$1,003,285$841,265$1,477,728
65$1,907,967$1,021,057$838,058$1,566,665
66$2,070,202$1,038,711$833,756$1,663,317
67$2,247,965$1,056,210$828,289$1,768,452
68$2,442,807$1,073,515$821,587$1,882,916
69$2,656,439$1,090,582$813,575$2,007,645
70$2,890,741$1,107,366$804,176$2,143,666
71$3,147,788$1,123,819$793,307$2,292,114
72$3,429,862$1,139,886$780,883$2,454,241
73$3,739,480$1,155,512$766,814$2,631,425
74$4,079,412$1,170,636$751,007$2,825,189
75$4,452,709$1,185,195$733,363$3,037,207
76$4,862,734$1,199,119$713,779$3,269,331
77$5,313,192$1,212,334$692,149$3,523,597
78$5,808,161$1,224,762$668,360$3,802,254
79$6,352,137$1,236,319$642,294$4,107,779
80$6,950,073$1,246,917$613,829$4,442,904
81$7,607,424$1,256,459$582,835$4,810,642
82$8,330,200$1,264,845$549,180$5,214,314
83$9,125,025$1,271,966$512,721$5,657,581
84$9,999,193$1,277,708$473,313$6,144,480
85$10,960,745$1,281,950$430,803$6,679,461
86$12,018,536$1,284,560$385,030$7,267,430
87$13,182,325$1,285,403$335,827$7,913,798
88$14,462,865$1,284,330$283,020$8,624,527
89$15,872,001$1,281,187$226,426$9,406,192
90$17,422,789$1,275,808$165,854$10,266,041
91$19,129,610$1,268,019$101,107$11,212,063
92$21,008,312$1,257,634$31,975$12,253,067
93$23,076,357$1,244,455$0$13,398,764
94$25,352,986$1,228,275$0$14,666,993
95$27,859,402$1,208,871$0$16,068,709
96$30,618,964$1,186,009$0$17,611,494
97$33,657,416$1,159,441$0$19,309,730
98$37,003,123$1,128,904$0$21,179,268
99$40,687,340$1,094,118$0$23,237,577
100$44,744,509$1,054,791$0$25,503,913