Can I retire at age 55 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$64,742$64,165$63,603$63,053$62,517$60,323
2 years$32,050$31,454$30,875$30,314$29,770$27,583
3 years$21,155$20,555$19,978$19,423$18,887$16,775
4 years$15,708$15,110$14,539$13,993$13,471$11,450
5 years$12,441$11,847$11,283$10,748$10,240$8,316
6 years$10,263$9,674$9,118$8,595$8,103$6,277
7 years$8,709$8,124$7,577$7,067$6,590$4,862
8 years$7,543$6,964$6,426$5,928$5,467$3,836
9 years$6,637$6,063$5,535$5,049$4,604$3,067
10 years$5,913$5,344$4,825$4,353$3,923$2,478
11 years$5,320$4,758$4,248$3,788$3,374$2,018
12 years$4,827$4,270$3,770$3,323$2,924$1,653
13 years$4,410$3,859$3,368$2,933$2,549$1,361
14 years$4,053$3,508$3,027$2,604$2,235$1,125
15 years$3,744$3,204$2,733$2,322$1,968$933
16 years$3,473$2,940$2,477$2,079$1,739$776
17 years$3,235$2,708$2,254$1,868$1,542$647
18 years$3,024$2,502$2,058$1,684$1,371$540
19 years$2,835$2,319$1,884$1,521$1,222$452
20 years$2,665$2,155$1,729$1,378$1,092$378
21 years$2,511$2,007$1,590$1,250$977$317
22 years$2,372$1,874$1,466$1,137$876$266
23 years$2,244$1,752$1,353$1,035$786$223
24 years$2,128$1,642$1,252$944$706$187
25 years$2,021$1,541$1,159$862$636$157
26 years$1,923$1,448$1,075$789$573$132
27 years$1,832$1,363$998$722$516$111
28 years$1,747$1,284$928$661$466$94
29 years$1,669$1,211$864$606$421$79
30 years$1,596$1,144$805$557$380$66
31 years$1,528$1,082$750$511$344$56
32 years$1,464$1,023$700$470$311$47
33 years$1,404$969$653$432$281$40
34 years$1,348$919$610$397$255$33
35 years$1,295$871$571$366$231$28
36 years$1,245$827$534$337$209$24
37 years$1,198$785$500$311$189$20
38 years$1,154$746$468$286$172$17
39 years$1,112$710$438$264$156$14
40 years$1,072$675$411$243$141$12
41 years$1,034$643$385$225$128$10
42 years$998$612$361$207$116$8
43 years$964$583$339$191$106$7
44 years$932$556$318$177$96$6
45 years$901$530$299$163$87$5
46 years$871$506$281$151$79$4
47 years$843$483$264$139$72$4
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$3
50 years$765$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 $784,000, adding $2,632 every year, while hoping to spend $51,772 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: 72/21/7 Blend
54$784,000$784,000$784,000$784,000
55$866,683$825,131$812,979$928,010
56$900,000$810,477$785,129$954,177
57$934,979$793,371$754,610$976,105
58$971,737$773,636$721,280$998,665
59$1,010,398$751,088$684,986$1,021,907
60$1,051,098$725,530$645,573$1,045,882
61$1,093,985$696,756$602,875$1,070,652
62$1,139,220$664,546$556,720$1,096,283
63$1,186,980$628,668$506,928$1,122,851
64$1,237,454$588,875$453,313$1,150,441
65$1,290,854$544,909$395,678$1,179,147
66$1,347,406$496,495$333,819$1,209,074
67$1,407,361$443,342$267,521$1,240,343
68$1,470,990$385,144$196,561$1,273,085
69$1,538,592$321,577$120,707$1,307,449
70$1,610,492$252,298$39,715$1,343,600
71$1,687,048$176,946$0$1,381,724
72$1,768,649$95,139$0$1,425,517
73$1,855,723$6,473$0$1,475,113
74$1,948,740$0$0$1,527,819
75$2,048,211$0$0$1,604,621
76$2,154,701$0$0$1,688,468
77$2,268,826$0$0$1,778,353
78$2,391,264$0$0$1,874,813
79$2,522,757$0$0$1,978,436
80$2,664,122$0$0$2,089,869
81$2,816,253$0$0$2,209,822
82$2,980,135$0$0$2,339,073
83$3,156,845$0$0$2,478,480
84$3,347,571$0$0$2,628,981
85$3,553,617$0$0$2,791,612
86$3,776,413$0$0$2,967,507
87$4,017,535$0$0$3,157,914
88$4,278,714$0$0$3,364,206
89$4,561,851$0$0$3,587,891
90$4,869,040$0$0$3,830,629
91$5,202,581$0$0$4,094,245
92$5,565,005$0$0$4,380,746
93$5,959,098$0$0$4,692,340
94$6,387,921$0$0$5,031,457
95$6,854,846$0$0$5,400,769
96$7,363,580$0$0$5,803,218
97$7,918,207$0$0$6,242,041
98$8,523,216$0$0$6,720,802
99$9,183,553$0$0$7,243,421
100$9,904,660$0$0$7,814,216