Can I retire at age 55 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$64,659$64,083$63,522$62,973$62,438$60,103
2 years$32,010$31,413$30,836$30,276$29,732$27,407
3 years$21,128$20,529$19,953$19,398$18,863$16,620
4 years$15,688$15,091$14,520$13,975$13,453$11,310
5 years$12,425$11,832$11,268$10,734$10,227$8,189
6 years$10,250$9,661$9,107$8,584$8,092$6,160
7 years$8,697$8,114$7,568$7,058$6,581$4,755
8 years$7,533$6,955$6,418$5,920$5,460$3,738
9 years$6,629$6,055$5,528$5,043$4,598$2,978
10 years$5,905$5,338$4,819$4,347$3,918$2,397
11 years$5,314$4,752$4,243$3,783$3,369$1,944
12 years$4,821$4,265$3,765$3,318$2,920$1,586
13 years$4,404$3,854$3,364$2,930$2,546$1,301
14 years$4,048$3,503$3,023$2,601$2,232$1,071
15 years$3,739$3,200$2,729$2,319$1,965$885
16 years$3,469$2,936$2,474$2,077$1,737$732
17 years$3,231$2,704$2,252$1,866$1,540$608
18 years$3,020$2,499$2,055$1,682$1,369$505
19 years$2,831$2,316$1,882$1,519$1,220$420
20 years$2,661$2,152$1,727$1,376$1,090$350
21 years$2,508$2,005$1,588$1,249$976$292
22 years$2,369$1,871$1,464$1,136$874$244
23 years$2,242$1,750$1,352$1,034$785$204
24 years$2,125$1,640$1,250$943$706$170
25 years$2,019$1,539$1,158$861$635$142
26 years$1,920$1,446$1,074$788$572$119
27 years$1,829$1,361$997$721$516$100
28 years$1,745$1,283$927$661$465$83
29 years$1,667$1,210$863$606$420$70
30 years$1,594$1,143$803$556$380$59
31 years$1,526$1,080$749$511$343$49
32 years$1,462$1,022$699$469$310$41
33 years$1,402$968$653$431$281$34
34 years$1,346$917$610$397$254$29
35 years$1,293$870$570$365$230$24
36 years$1,244$826$533$337$209$20
37 years$1,197$784$499$310$189$17
38 years$1,152$745$467$286$172$14
39 years$1,110$709$438$264$156$12
40 years$1,070$674$410$243$141$10
41 years$1,033$642$385$224$128$8
42 years$997$611$361$207$116$7
43 years$963$583$339$191$105$6
44 years$930$555$318$176$96$5
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$3
47 years$842$482$263$139$72$3
48 years$815$460$248$128$65$2
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $783,000, adding $6,579 every year, while hoping to spend $31,611 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: 48/26/26 Blend
54$783,000$783,000$783,000$783,000
55$869,652$828,153$816,017$904,676
56$924,723$835,099$809,719$936,854
57$984,351$841,325$802,152$968,135
58$1,048,969$846,764$793,238$1,001,480
59$1,119,050$851,342$782,898$1,037,099
60$1,195,117$854,982$771,049$1,075,226
61$1,277,744$857,600$757,603$1,116,118
62$1,367,561$859,110$742,470$1,160,060
63$1,465,263$859,417$725,554$1,207,369
64$1,571,615$858,424$706,755$1,258,395
65$1,687,456$856,023$685,968$1,313,526
66$1,813,713$852,105$663,084$1,373,191
67$1,951,403$846,549$637,989$1,437,867
68$2,101,648$839,232$610,563$1,508,080
69$2,265,680$830,018$580,681$1,584,412
70$2,444,858$818,768$548,212$1,667,509
71$2,640,677$805,331$513,021$1,758,083
72$2,854,782$789,548$474,963$1,856,924
73$3,088,986$771,252$433,890$1,964,904
74$3,345,283$750,264$389,646$2,082,988
75$3,625,871$726,396$342,069$2,212,244
76$3,933,170$699,449$290,988$2,353,852
77$4,269,842$669,211$236,225$2,509,115
78$4,638,824$635,460$177,596$2,679,475
79$5,043,345$597,959$114,907$2,866,525
80$5,486,966$556,458$47,955$3,072,025
81$5,973,605$510,694$0$3,297,920
82$6,507,581$460,386$0$3,552,878
83$7,093,650$405,241$0$3,847,374
84$7,737,050$344,945$0$4,170,776
85$8,443,552$279,171$0$4,526,048
86$9,219,513$207,569$0$4,916,455
87$10,071,936$129,772$0$5,345,601
88$11,008,535$45,392$0$5,817,461
89$12,037,809$0$0$6,336,418
90$13,169,120$0$0$6,920,461
91$14,412,784$0$0$7,576,877
92$15,780,164$0$0$8,298,689
93$17,283,782$0$0$9,092,518
94$18,937,431$0$0$9,965,660
95$20,756,309$0$0$10,926,152
96$22,757,162$0$0$11,982,851
97$24,958,438$0$0$13,145,512
98$27,380,466$0$0$14,424,888
99$30,045,643$0$0$15,832,825
100$32,978,648$0$0$17,382,373