Can I retire at age 55 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$64,412$63,838$63,278$62,732$62,198$61,042
2 years$31,887$31,293$30,718$30,160$29,618$28,458
3 years$21,047$20,450$19,876$19,323$18,791$17,663
4 years$15,628$15,033$14,465$13,921$13,402$12,314
5 years$12,377$11,786$11,225$10,693$10,188$9,144
6 years$10,211$9,624$9,072$8,551$8,061$7,062
7 years$8,664$8,082$7,539$7,031$6,556$5,602
8 years$7,505$6,928$6,393$5,898$5,439$4,529
9 years$6,603$6,032$5,507$5,024$4,580$3,715
10 years$5,882$5,317$4,801$4,330$3,903$3,081
11 years$5,293$4,734$4,227$3,769$3,356$2,577
12 years$4,803$4,249$3,751$3,306$2,909$2,171
13 years$4,388$3,839$3,351$2,918$2,536$1,839
14 years$4,032$3,490$3,011$2,591$2,223$1,565
15 years$3,725$3,188$2,719$2,310$1,958$1,337
16 years$3,456$2,925$2,465$2,069$1,730$1,145
17 years$3,219$2,694$2,243$1,859$1,534$984
18 years$3,008$2,489$2,047$1,675$1,364$848
19 years$2,820$2,307$1,874$1,514$1,216$731
20 years$2,651$2,144$1,720$1,371$1,086$632
21 years$2,498$1,997$1,582$1,244$972$547
22 years$2,359$1,864$1,458$1,131$871$474
23 years$2,233$1,743$1,346$1,030$782$411
24 years$2,117$1,633$1,245$940$703$357
25 years$2,011$1,533$1,153$858$632$310
26 years$1,913$1,441$1,070$785$570$270
27 years$1,822$1,356$993$718$514$235
28 years$1,738$1,278$923$658$463$204
29 years$1,660$1,205$859$603$418$178
30 years$1,588$1,138$800$554$378$155
31 years$1,520$1,076$746$509$342$135
32 years$1,456$1,018$696$467$309$118
33 years$1,397$964$650$430$280$103
34 years$1,341$914$607$395$253$90
35 years$1,288$867$568$364$229$78
36 years$1,239$823$531$335$208$68
37 years$1,192$781$497$309$188$59
38 years$1,148$743$466$285$171$52
39 years$1,106$706$436$263$155$45
40 years$1,066$672$409$242$141$40
41 years$1,029$639$383$223$127$34
42 years$993$609$360$206$116$30
43 years$959$580$337$190$105$26
44 years$927$553$317$176$95$23
45 years$896$527$297$162$87$20
46 years$867$503$279$150$79$17
47 years$839$480$262$139$71$15
48 years$812$458$247$128$65$13
49 years$786$438$232$118$59$12
50 years$762$418$218$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $780,000, adding $5,370 every year, while hoping to spend $53,037 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: 52/26/22 Blend
54$780,000$780,000$780,000$780,000
55$865,099$823,759$811,669$904,553
56$896,908$807,692$782,429$916,283
57$930,184$789,061$750,432$923,125
58$965,021$767,683$715,529$929,455
59$1,001,520$743,366$677,566$935,245
60$1,039,791$715,906$636,380$940,465
61$1,079,953$685,089$591,802$945,086
62$1,122,135$650,686$543,655$949,080
63$1,166,479$612,456$491,754$952,420
64$1,213,138$570,144$435,906$955,080
65$1,262,278$523,481$375,908$957,037
66$1,314,080$472,181$311,551$958,270
67$1,368,742$415,944$242,614$958,758
68$1,426,480$354,451$168,867$958,487
69$1,487,527$287,366$90,071$957,446
70$1,552,141$214,333$5,974$955,627
71$1,620,602$134,977$0$953,029
72$1,693,215$48,903$0$969,323
73$1,770,314$0$0$987,631
74$1,852,267$0$0$1,019,316
75$1,939,472$0$0$1,067,962
76$2,032,367$0$0$1,119,827
77$2,131,433$0$0$1,175,184
78$2,237,194$0$0$1,234,333
79$2,350,226$0$0$1,297,604
80$2,471,159$0$0$1,365,354
81$2,600,685$0$0$1,437,981
82$2,739,564$0$0$1,515,916
83$2,888,627$0$0$1,599,635
84$3,048,787$0$0$1,689,660
85$3,221,048$0$0$1,786,563
86$3,406,510$0$0$1,890,975
87$3,606,381$0$0$2,003,585
88$3,821,991$0$0$2,125,153
89$4,054,797$0$0$2,256,512
90$4,306,402$0$0$2,398,580
91$4,578,569$0$0$2,552,364
92$4,873,234$0$0$2,718,972
93$5,192,525$0$0$2,899,620
94$5,538,785$0$0$3,095,650
95$5,914,586$0$0$3,308,533
96$6,322,760$0$0$3,539,889
97$6,766,422$0$0$3,791,501
98$7,248,999$0$0$4,065,330
99$7,774,258$0$0$4,363,532
100$8,346,349$0$0$4,688,483