Can I retire at age 55 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$63,173$62,610$62,061$61,525$61,002$58,698
2 years$31,274$30,691$30,127$29,580$29,049$26,754
3 years$20,642$20,057$19,494$18,952$18,430$16,216
4 years$15,327$14,744$14,187$13,654$13,144$11,030
5 years$12,139$11,560$11,009$10,487$9,992$7,981
6 years$10,015$9,439$8,897$8,387$7,906$6,001
7 years$8,498$7,927$7,394$6,895$6,430$4,630
8 years$7,360$6,795$6,270$5,784$5,334$3,637
9 years$6,476$5,916$5,401$4,927$4,492$2,896
10 years$5,769$5,215$4,708$4,247$3,828$2,329
11 years$5,191$4,642$4,145$3,696$3,292$1,888
12 years$4,710$4,167$3,679$3,242$2,853$1,540
13 years$4,303$3,766$3,287$2,862$2,488$1,262
14 years$3,955$3,423$2,953$2,541$2,181$1,038
15 years$3,653$3,127$2,666$2,266$1,920$857
16 years$3,389$2,869$2,417$2,029$1,697$709
17 years$3,157$2,642$2,200$1,823$1,505$588
18 years$2,950$2,441$2,008$1,643$1,338$488
19 years$2,766$2,263$1,838$1,484$1,192$406
20 years$2,600$2,103$1,687$1,344$1,065$338
21 years$2,450$1,958$1,552$1,220$953$282
22 years$2,314$1,828$1,430$1,109$854$235
23 years$2,190$1,710$1,321$1,010$767$196
24 years$2,077$1,602$1,221$922$689$164
25 years$1,972$1,503$1,131$842$620$137
26 years$1,876$1,413$1,049$770$559$114
27 years$1,787$1,330$974$704$504$96
28 years$1,705$1,253$906$645$455$80
29 years$1,628$1,182$843$592$410$67
30 years$1,557$1,116$785$543$371$56
31 years$1,491$1,055$732$499$335$47
32 years$1,428$999$683$458$303$39
33 years$1,370$946$638$422$274$33
34 years$1,315$896$596$388$249$27
35 years$1,264$850$557$357$225$23
36 years$1,215$807$521$329$204$19
37 years$1,169$766$488$303$185$16
38 years$1,126$728$457$279$168$14
39 years$1,085$693$428$257$152$11
40 years$1,046$659$401$237$138$9
41 years$1,009$627$376$219$125$8
42 years$974$597$353$202$113$7
43 years$941$569$331$187$103$6
44 years$909$542$311$172$93$5
45 years$879$517$292$159$85$4
46 years$850$493$274$147$77$3
47 years$822$471$257$136$70$3
48 years$796$450$242$126$64$2
49 years$771$429$227$116$58$2
50 years$747$410$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $765,000, adding $5,914 every year, while hoping to spend $20,551 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: 55/35/10 Blend
54$765,000$765,000$765,000$765,000
55$849,130$808,585$796,728$893,404
56$913,875$826,340$801,552$941,806
57$984,536$844,276$805,849$991,715
58$1,061,693$862,380$809,580$1,045,567
59$1,145,988$880,638$812,702$1,103,740
60$1,238,124$899,035$815,174$1,166,652
61$1,338,879$917,554$816,948$1,234,762
62$1,449,106$936,176$817,978$1,308,576
63$1,569,747$954,881$818,212$1,388,652
64$1,701,838$973,646$817,599$1,475,604
65$1,846,519$992,448$816,082$1,570,109
66$2,005,047$1,011,261$813,603$1,672,913
67$2,178,805$1,030,057$810,103$1,784,839
68$2,369,319$1,048,805$805,516$1,906,793
69$2,578,265$1,067,472$799,777$2,039,772
70$2,807,492$1,086,023$792,814$2,184,877
71$3,059,038$1,104,419$784,555$2,343,321
72$3,335,145$1,122,621$774,922$2,516,441
73$3,638,283$1,140,582$763,835$2,705,708
74$3,971,174$1,158,257$751,210$2,912,748
75$4,336,817$1,175,595$736,959$3,139,348
76$4,738,513$1,192,540$720,988$3,387,482
77$5,179,902$1,209,035$703,201$3,659,324
78$5,664,991$1,225,016$683,498$3,957,269
79$6,198,196$1,240,419$661,771$4,283,959
80$6,784,383$1,255,170$637,911$4,642,304
81$7,428,911$1,269,194$611,802$5,035,515
82$8,137,686$1,282,410$583,323$5,467,126
83$8,917,212$1,294,731$552,347$5,941,038
84$9,774,659$1,306,064$518,742$6,461,546
85$10,717,924$1,316,311$482,370$7,033,388
86$11,755,709$1,325,367$443,086$7,661,784
87$12,897,602$1,333,121$400,740$8,352,489
88$14,154,166$1,339,452$355,173$9,111,846
89$15,537,042$1,344,236$306,222$9,946,847
90$17,059,054$1,347,338$253,714$10,865,197
91$18,734,334$1,348,614$197,471$11,875,392
92$20,578,454$1,347,913$137,303$12,986,793
93$22,608,570$1,345,075$73,017$14,209,721
94$24,843,588$1,339,927$4,406$15,555,551
95$27,304,339$1,332,289$0$17,036,820
96$30,013,779$1,321,968$0$18,674,689
97$32,997,199$1,308,760$0$20,478,027
98$36,282,472$1,292,447$0$22,463,177
99$39,900,309$1,272,802$0$24,648,667
100$43,884,552$1,249,581$0$27,054,921