Can I retire at age 55 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,256$62,692$62,142$61,606$61,082$60,672
2 years$31,315$30,731$30,166$29,618$29,087$28,673
3 years$20,669$20,083$19,520$18,977$18,454$18,049
4 years$15,347$14,763$14,205$13,672$13,161$12,769
5 years$12,155$11,575$11,024$10,501$10,005$9,627
6 years$10,028$9,452$8,909$8,398$7,917$7,552
7 years$8,509$7,937$7,403$6,904$6,438$6,088
8 years$7,370$6,804$6,279$5,792$5,341$5,005
9 years$6,485$5,924$5,408$4,933$4,498$4,176
10 years$5,777$5,222$4,715$4,253$3,833$3,525
11 years$5,198$4,649$4,151$3,701$3,296$3,002
12 years$4,716$4,172$3,684$3,246$2,856$2,576
13 years$4,309$3,771$3,291$2,866$2,491$2,224
14 years$3,960$3,427$2,957$2,544$2,183$1,929
15 years$3,658$3,131$2,670$2,269$1,922$1,681
16 years$3,394$2,873$2,421$2,032$1,699$1,470
17 years$3,161$2,646$2,203$1,825$1,507$1,289
18 years$2,954$2,445$2,011$1,645$1,340$1,133
19 years$2,769$2,266$1,841$1,486$1,194$999
20 years$2,603$2,105$1,689$1,346$1,066$882
21 years$2,453$1,961$1,554$1,222$954$780
22 years$2,317$1,831$1,432$1,111$855$691
23 years$2,193$1,712$1,322$1,012$768$613
24 years$2,079$1,604$1,223$923$690$544
25 years$1,975$1,505$1,133$843$621$484
26 years$1,879$1,415$1,050$771$559$430
27 years$1,790$1,331$975$705$504$383
28 years$1,707$1,255$907$646$455$342
29 years$1,631$1,184$844$593$411$304
30 years$1,559$1,118$786$544$371$272
31 years$1,493$1,057$733$499$336$242
32 years$1,430$1,000$684$459$304$216
33 years$1,372$947$638$422$275$193
34 years$1,317$897$596$388$249$173
35 years$1,265$851$558$358$225$154
36 years$1,217$808$522$329$204$138
37 years$1,171$767$488$303$185$123
38 years$1,127$729$457$280$168$110
39 years$1,086$693$428$258$152$99
40 years$1,047$660$402$238$138$88
41 years$1,010$628$377$219$125$79
42 years$975$598$353$202$114$71
43 years$942$570$331$187$103$63
44 years$910$543$311$173$94$57
45 years$880$518$292$159$85$51
46 years$851$494$274$147$77$45
47 years$823$472$258$136$70$41
48 years$797$450$242$126$64$36
49 years$772$430$228$116$58$33
50 years$748$411$214$107$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $766,000, adding $4,202 every year, while hoping to spend $54,027 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: 73/13/14 Blend
54$766,000$766,000$766,000$766,000
55$848,466$807,868$795,995$907,528
56$877,526$789,970$765,177$929,292
57$907,738$769,383$731,515$946,074
58$939,165$745,920$694,858$963,011
59$971,870$719,381$655,046$980,106
60$1,005,924$689,553$611,914$997,363
61$1,041,401$656,215$565,286$1,014,786
62$1,078,383$619,128$514,982$1,032,381
63$1,116,956$578,043$460,811$1,050,157
64$1,157,213$532,695$402,577$1,068,125
65$1,199,256$482,804$340,070$1,086,297
66$1,243,194$428,075$273,076$1,104,691
67$1,289,144$368,195$201,368$1,123,326
68$1,337,234$302,834$124,711$1,142,226
69$1,387,602$231,643$42,859$1,161,418
70$1,440,397$154,254$0$1,180,936
71$1,495,783$70,277$0$1,207,465
72$1,553,934$0$0$1,241,668
73$1,615,042$0$0$1,280,193
74$1,679,316$0$0$1,331,299
75$1,746,981$0$0$1,385,114
76$1,818,284$0$0$1,441,836
77$1,893,493$0$0$1,501,680
78$1,972,900$0$0$1,564,881
79$2,056,824$0$0$1,631,694
80$2,145,613$0$0$1,702,398
81$2,239,647$0$0$1,777,299
82$2,339,340$0$0$1,856,730
83$2,445,146$0$0$1,941,054
84$2,557,562$0$0$2,030,669
85$2,677,128$0$0$2,126,012
86$2,804,439$0$0$2,227,558
87$2,940,145$0$0$2,335,830
88$3,084,956$0$0$2,451,399
89$3,239,654$0$0$2,574,891
90$3,405,091$0$0$2,706,994
91$3,582,205$0$0$2,848,459
92$3,772,023$0$0$3,000,112
93$3,975,673$0$0$3,162,858
94$4,194,390$0$0$3,337,692
95$4,429,532$0$0$3,525,704
96$4,682,589$0$0$3,728,091
97$4,955,198$0$0$3,946,169
98$5,249,154$0$0$4,181,383
99$5,566,432$0$0$4,435,318
100$5,909,201$0$0$4,709,718