Can I retire at age 55 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,586$63,019$62,467$61,928$61,401$60,760
2 years$31,478$30,892$30,324$29,773$29,239$28,593
3 years$20,777$20,188$19,621$19,076$18,550$17,920
4 years$15,427$14,840$14,279$13,743$13,230$12,620
5 years$12,219$11,635$11,081$10,556$10,057$9,470
6 years$10,080$9,501$8,955$8,442$7,958$7,393
7 years$8,553$7,979$7,442$6,940$6,472$5,930
8 years$7,408$6,839$6,311$5,822$5,369$4,851
9 years$6,519$5,955$5,436$4,959$4,522$4,026
10 years$5,807$5,249$4,739$4,275$3,853$3,380
11 years$5,225$4,673$4,172$3,720$3,313$2,863
12 years$4,741$4,194$3,703$3,263$2,871$2,442
13 years$4,331$3,790$3,308$2,881$2,504$2,096
14 years$3,981$3,445$2,972$2,557$2,195$1,808
15 years$3,677$3,147$2,684$2,281$1,933$1,565
16 years$3,411$2,888$2,433$2,042$1,708$1,360
17 years$3,177$2,659$2,214$1,835$1,514$1,186
18 years$2,970$2,457$2,021$1,654$1,347$1,036
19 years$2,784$2,277$1,850$1,494$1,200$907
20 years$2,617$2,116$1,698$1,353$1,072$796
21 years$2,466$1,971$1,562$1,228$959$699
22 years$2,329$1,840$1,440$1,117$860$615
23 years$2,204$1,721$1,329$1,017$772$542
24 years$2,090$1,612$1,229$928$694$478
25 years$1,985$1,513$1,139$847$624$422
26 years$1,888$1,422$1,056$775$562$373
27 years$1,799$1,338$981$709$507$329
28 years$1,716$1,261$912$650$457$291
29 years$1,639$1,190$848$596$413$258
30 years$1,567$1,124$790$547$373$228
31 years$1,500$1,062$737$502$337$202
32 years$1,438$1,005$687$461$305$179
33 years$1,379$952$642$424$276$159
34 years$1,324$902$600$390$250$141
35 years$1,272$856$561$359$227$125
36 years$1,223$812$524$331$205$111
37 years$1,177$771$491$305$186$99
38 years$1,133$733$460$281$169$87
39 years$1,092$697$431$259$153$78
40 years$1,053$663$404$239$139$69
41 years$1,016$631$378$221$126$61
42 years$980$601$355$204$114$54
43 years$947$573$333$188$104$48
44 years$915$546$313$173$94$43
45 years$884$521$294$160$85$38
46 years$855$497$276$148$78$34
47 years$828$474$259$137$70$30
48 years$801$453$243$126$64$27
49 years$776$432$229$117$58$24
50 years$752$413$215$108$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $770,000, adding $6,223 every year, while hoping to spend $45,120 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: 74/18/8 Blend
54$770,000$770,000$770,000$770,000
55$854,959$814,149$802,214$916,698
56$894,158$806,035$781,081$950,119
57$935,842$796,011$757,728$980,419
58$980,218$783,936$732,032$1,012,339
59$1,027,512$769,661$703,867$1,046,022
60$1,077,970$753,026$673,098$1,081,629
61$1,131,863$733,864$639,587$1,119,337
62$1,189,487$711,998$603,187$1,159,344
63$1,251,168$687,238$563,746$1,201,865
64$1,317,260$659,386$521,105$1,247,141
65$1,388,157$628,232$475,098$1,295,438
66$1,464,285$593,551$425,550$1,347,048
67$1,546,116$555,110$372,280$1,402,296
68$1,634,167$512,657$315,099$1,461,542
69$1,729,006$465,931$253,808$1,525,181
70$1,831,254$414,651$188,200$1,593,652
71$1,941,598$358,525$118,061$1,667,441
72$2,060,788$297,240$43,163$1,747,084
73$2,189,652$230,468$0$1,833,173
74$2,329,098$157,863$0$1,929,502
75$2,480,125$79,057$0$2,037,792
76$2,643,831$0$0$2,155,178
77$2,821,422$0$0$2,283,823
78$3,014,228$0$0$2,440,517
79$3,223,707$0$0$2,610,791
80$3,451,468$0$0$2,795,956
81$3,699,276$0$0$2,997,451
82$3,969,078$0$0$3,216,863
83$4,263,013$0$0$3,455,936
84$4,583,435$0$0$3,716,589
85$4,932,936$0$0$4,000,935
86$5,314,369$0$0$4,311,301
87$5,730,874$0$0$4,650,245
88$6,185,907$0$0$5,020,585
89$6,683,274$0$0$5,425,425
90$7,227,164$0$0$5,868,180
91$7,822,190$0$0$6,352,611
92$8,473,431$0$0$6,882,859
93$9,186,480$0$0$7,463,484
94$9,967,496$0$0$8,099,508
95$10,823,262$0$0$8,796,461
96$11,761,247$0$0$9,560,433
97$12,789,677$0$0$10,398,133
98$13,917,614$0$0$11,316,948
99$15,155,038$0$0$12,325,015
100$16,512,940$0$0$13,431,299