Can I retire at age 55 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$64,990$64,411$63,846$63,295$62,756$62,466
2 years$32,173$31,574$30,993$30,430$29,884$29,591
3 years$21,236$20,634$20,055$19,497$18,960$18,673
4 years$15,768$15,168$14,595$14,046$13,522$13,244
5 years$12,488$11,892$11,326$10,789$10,279$10,010
6 years$10,303$9,711$9,153$8,628$8,134$7,874
7 years$8,742$8,155$7,606$7,094$6,615$6,365
8 years$7,572$6,990$6,451$5,951$5,488$5,248
9 years$6,662$6,086$5,556$5,069$4,621$4,392
10 years$5,935$5,365$4,844$4,369$3,938$3,718
11 years$5,341$4,776$4,264$3,803$3,387$3,176
12 years$4,846$4,287$3,785$3,335$2,935$2,734
13 years$4,427$3,874$3,381$2,945$2,559$2,367
14 years$4,068$3,521$3,038$2,614$2,243$2,060
15 years$3,758$3,217$2,743$2,331$1,975$1,801
16 years$3,487$2,951$2,487$2,087$1,746$1,580
17 years$3,248$2,718$2,263$1,875$1,548$1,391
18 years$3,035$2,512$2,066$1,690$1,376$1,227
19 years$2,845$2,328$1,891$1,527$1,227$1,085
20 years$2,675$2,163$1,736$1,383$1,096$962
21 years$2,521$2,015$1,596$1,255$981$854
22 years$2,381$1,881$1,471$1,141$879$759
23 years$2,253$1,759$1,359$1,039$789$676
24 years$2,136$1,648$1,256$948$709$603
25 years$2,029$1,547$1,164$866$638$538
26 years$1,930$1,454$1,079$792$575$480
27 years$1,839$1,368$1,002$725$518$429
28 years$1,754$1,289$932$664$468$384
29 years$1,675$1,216$867$609$422$344
30 years$1,602$1,148$808$559$382$308
31 years$1,534$1,086$753$513$345$276
32 years$1,469$1,027$702$472$312$247
33 years$1,409$973$656$434$282$222
34 years$1,353$922$613$399$256$199
35 years$1,300$875$573$367$232$179
36 years$1,250$830$536$338$210$160
37 years$1,203$788$502$312$190$144
38 years$1,158$749$470$287$172$129
39 years$1,116$712$440$265$156$116
40 years$1,076$678$413$244$142$104
41 years$1,038$645$387$225$129$94
42 years$1,002$614$363$208$117$84
43 years$968$585$340$192$106$76
44 years$935$558$320$177$96$68
45 years$904$532$300$164$87$61
46 years$874$508$282$151$79$55
47 years$846$484$265$140$72$50
48 years$819$463$249$129$65$45
49 years$793$442$234$119$59$40
50 years$768$422$220$110$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $787,000, adding $3,393 every year, while hoping to spend $24,401 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: 58/29/13 Blend
54$787,000$787,000$787,000$787,000
55$870,774$829,063$816,864$918,251
56$933,630$843,724$818,267$965,365
57$1,002,080$858,287$818,899$1,013,694
58$1,076,669$872,719$818,708$1,065,798
59$1,157,995$886,988$817,640$1,122,043
60$1,246,719$901,059$815,640$1,182,834
61$1,343,567$914,893$812,646$1,248,613
62$1,449,338$928,451$808,598$1,319,873
63$1,564,913$941,687$803,428$1,397,152
64$1,691,260$954,556$797,069$1,481,048
65$1,829,447$967,008$789,449$1,572,217
66$1,980,648$978,988$780,493$1,671,384
67$2,146,156$990,441$770,122$1,779,347
68$2,327,396$1,001,304$758,252$1,896,988
69$2,525,935$1,011,513$744,799$2,025,276
70$2,743,502$1,020,998$729,671$2,165,284
71$2,981,997$1,029,686$712,773$2,318,192
72$3,243,518$1,037,497$694,008$2,485,301
73$3,530,370$1,044,347$673,270$2,668,048
74$3,845,095$1,050,148$650,452$2,868,014
75$4,190,493$1,054,803$625,441$3,086,946
76$4,569,647$1,058,213$598,117$3,326,767
77$4,985,954$1,060,269$568,357$3,589,599
78$5,443,157$1,060,857$536,032$3,877,782
79$5,945,375$1,059,855$501,006$4,193,895
80$6,497,151$1,057,136$463,137$4,540,783
81$7,103,487$1,052,562$422,279$4,921,582
82$7,769,893$1,045,988$378,275$5,339,748
83$8,502,441$1,037,260$330,966$5,799,094
84$9,307,820$1,026,215$280,183$6,303,824
85$10,193,398$1,012,680$225,750$6,858,570
86$11,167,294$996,472$167,482$7,468,443
87$12,238,455$977,395$105,189$8,139,075
88$13,416,735$955,245$38,671$8,876,675
89$14,712,993$929,803$0$9,688,090
90$16,139,193$900,839$0$10,585,351
91$17,708,519$868,108$0$11,578,311
92$19,435,494$831,352$0$12,670,806
93$21,336,123$790,297$0$13,872,981
94$23,428,040$744,653$0$15,196,019
95$25,730,674$694,116$0$16,652,247
96$28,265,437$638,361$0$18,255,249
97$31,055,917$577,046$0$20,019,999
98$34,128,109$509,810$0$21,963,003
99$37,510,657$436,271$0$24,102,450
100$41,235,120$356,025$0$26,458,391