Can I retire at age 55 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$63,503$62,938$62,386$61,847$61,321$60,807
2 years$31,437$30,852$30,284$29,734$29,201$28,683
3 years$20,750$20,162$19,596$19,051$18,526$18,020
4 years$15,407$14,821$14,261$13,725$13,213$12,723
5 years$12,203$11,620$11,067$10,542$10,044$9,572
6 years$10,067$9,489$8,944$8,431$7,948$7,493
7 years$8,542$7,969$7,432$6,931$6,464$6,027
8 years$7,399$6,830$6,303$5,815$5,362$4,944
9 years$6,510$5,947$5,429$4,953$4,516$4,115
10 years$5,800$5,242$4,733$4,269$3,848$3,465
11 years$5,219$4,667$4,167$3,716$3,309$2,944
12 years$4,735$4,189$3,698$3,259$2,868$2,520
13 years$4,326$3,785$3,304$2,877$2,501$2,169
14 years$3,975$3,441$2,969$2,554$2,192$1,877
15 years$3,672$3,143$2,680$2,278$1,930$1,631
16 years$3,407$2,884$2,430$2,040$1,706$1,422
17 years$3,173$2,656$2,211$1,832$1,512$1,244
18 years$2,966$2,454$2,019$1,651$1,345$1,091
19 years$2,780$2,274$1,848$1,492$1,199$959
20 years$2,614$2,114$1,696$1,351$1,071$844
21 years$2,463$1,969$1,560$1,227$958$744
22 years$2,326$1,838$1,438$1,115$859$657
23 years$2,202$1,719$1,327$1,016$771$581
24 years$2,087$1,610$1,228$926$693$515
25 years$1,983$1,511$1,137$846$624$456
26 years$1,886$1,420$1,055$774$562$404
27 years$1,797$1,337$979$708$506$359
28 years$1,714$1,260$910$649$457$319
29 years$1,637$1,188$847$595$413$283
30 years$1,565$1,122$789$546$373$252
31 years$1,498$1,061$736$501$337$224
32 years$1,436$1,004$686$461$305$199
33 years$1,377$951$641$424$276$178
34 years$1,322$901$599$390$250$158
35 years$1,270$855$560$359$226$141
36 years$1,221$811$524$331$205$126
37 years$1,175$770$490$305$186$112
38 years$1,132$732$459$281$168$100
39 years$1,090$696$430$259$153$89
40 years$1,051$662$403$239$139$79
41 years$1,014$630$378$220$126$71
42 years$979$600$355$203$114$63
43 years$946$572$333$188$104$56
44 years$914$545$312$173$94$50
45 years$883$520$293$160$85$45
46 years$854$496$275$148$77$40
47 years$827$473$259$137$70$36
48 years$800$452$243$126$64$32
49 years$775$432$229$117$58$28
50 years$751$412$215$108$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $769,000, adding $3,701 every year, while hoping to spend $28,877 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: 64/23/13 Blend
54$769,000$769,000$769,000$769,000
55$851,256$810,499$798,579$902,907
56$907,359$819,488$794,607$946,905
57$968,217$827,950$789,533$991,265
58$1,034,284$835,829$783,291$1,039,004
59$1,106,060$843,064$775,811$1,090,450
60$1,184,095$849,591$767,018$1,145,966
61$1,268,994$855,342$756,834$1,205,951
62$1,361,422$860,245$745,179$1,270,848
63$1,462,113$864,222$731,968$1,341,142
64$1,571,871$867,192$717,112$1,417,370
65$1,691,584$869,067$700,517$1,500,124
66$1,822,229$869,754$682,088$1,590,059
67$1,964,879$869,155$661,721$1,687,893
68$2,120,719$867,166$639,310$1,794,423
69$2,291,050$863,675$614,745$1,910,525
70$2,477,307$858,564$587,908$2,037,166
71$2,681,067$851,709$558,678$2,175,414
72$2,904,070$842,976$526,928$2,326,446
73$3,148,229$832,227$492,525$2,491,559
74$3,415,654$819,310$455,329$2,672,187
75$3,708,663$804,070$415,196$2,869,909
76$4,029,816$786,338$371,973$3,086,467
77$4,381,926$765,937$325,503$3,323,783
78$4,768,095$742,681$275,620$3,583,977
79$5,191,738$716,370$222,151$3,869,388
80$5,656,618$686,795$164,916$4,182,593
81$6,166,879$653,733$103,726$4,526,436
82$6,727,084$616,950$38,385$4,904,054
83$7,342,263$576,197$0$5,318,906
84$8,017,954$531,210$0$5,779,154
85$8,760,259$481,713$0$6,290,621
86$9,575,900$427,412$0$6,852,648
87$10,472,282$367,996$0$7,470,382
88$11,457,564$303,137$0$8,149,498
89$12,540,734$232,489$0$8,896,251
90$13,731,694$155,685$0$9,717,537
91$15,041,353$72,341$0$10,620,957
92$16,481,732$0$0$11,614,889
93$18,066,074$0$0$12,713,113
94$19,808,970$0$0$13,941,444
95$21,726,496$0$0$15,292,910
96$23,836,365$0$0$16,780,003
97$26,158,095$0$0$18,416,486
98$28,713,189$0$0$20,217,526
99$31,525,343$0$0$22,199,832
100$34,620,664$0$0$24,381,817