Can I retire at age 55 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,072$64,493$63,927$63,375$62,836$62,258
2 years$32,214$31,614$31,033$30,469$29,922$29,339
3 years$21,263$20,660$20,080$19,522$18,984$18,415
4 years$15,788$15,187$14,613$14,064$13,539$12,988
5 years$12,504$11,907$11,340$10,803$10,292$9,761
6 years$10,316$9,723$9,165$8,639$8,144$7,633
7 years$8,753$8,165$7,616$7,103$6,623$6,133
8 years$7,582$6,999$6,459$5,958$5,495$5,025
9 years$6,671$6,094$5,563$5,075$4,627$4,178
10 years$5,943$5,372$4,850$4,375$3,943$3,514
11 years$5,348$4,782$4,270$3,807$3,391$2,982
12 years$4,852$4,292$3,789$3,340$2,938$2,549
13 years$4,433$3,879$3,386$2,948$2,562$2,191
14 years$4,074$3,526$3,042$2,617$2,246$1,894
15 years$3,763$3,221$2,746$2,334$1,978$1,643
16 years$3,491$2,955$2,490$2,090$1,748$1,431
17 years$3,252$2,721$2,266$1,878$1,550$1,250
18 years$3,039$2,515$2,068$1,692$1,378$1,094
19 years$2,849$2,331$1,894$1,529$1,228$960
20 years$2,678$2,166$1,738$1,385$1,097$844
21 years$2,524$2,017$1,598$1,257$982$743
22 years$2,384$1,883$1,473$1,143$880$656
23 years$2,256$1,761$1,360$1,041$790$579
24 years$2,139$1,650$1,258$949$710$512
25 years$2,032$1,549$1,165$867$639$453
26 years$1,933$1,455$1,081$793$576$401
27 years$1,841$1,370$1,003$726$519$355
28 years$1,756$1,291$933$665$468$315
29 years$1,677$1,218$868$610$423$280
30 years$1,604$1,150$809$559$382$248
31 years$1,535$1,087$754$514$345$220
32 years$1,471$1,029$703$472$312$196
33 years$1,411$974$657$434$283$174
34 years$1,355$923$614$400$256$155
35 years$1,302$876$574$368$232$138
36 years$1,252$831$537$339$210$122
37 years$1,204$789$502$312$190$109
38 years$1,160$750$470$288$173$97
39 years$1,117$713$441$265$157$86
40 years$1,077$679$413$245$142$77
41 years$1,039$646$387$226$129$68
42 years$1,003$615$363$208$117$61
43 years$969$586$341$192$106$54
44 years$936$559$320$178$96$48
45 years$905$533$300$164$87$43
46 years$875$508$282$151$79$38
47 years$847$485$265$140$72$34
48 years$820$463$249$129$65$30
49 years$794$442$234$119$59$27
50 years$769$422$220$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $788,000, adding $3,657 every year, while hoping to spend $26,414 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: 51/22/27 Blend
54$788,000$788,000$788,000$788,000
55$872,148$830,384$818,170$909,836
56$933,003$842,969$817,475$949,038
57$999,180$855,285$815,870$988,689
58$1,071,193$867,291$813,299$1,031,281
59$1,149,610$878,943$809,700$1,077,105
60$1,235,054$890,195$805,009$1,126,484
61$1,328,211$900,996$799,158$1,179,772
62$1,429,837$911,293$792,078$1,237,362
63$1,540,761$921,028$783,694$1,299,688
64$1,661,900$930,139$773,929$1,367,228
65$1,794,261$938,563$762,702$1,440,510
66$1,938,952$946,229$749,929$1,520,118
67$2,097,195$953,064$735,521$1,606,697
68$2,270,333$958,988$719,385$1,700,958
69$2,459,846$963,918$701,424$1,803,687
70$2,667,365$967,765$681,537$1,915,750
71$2,894,685$970,433$659,616$2,038,105
72$3,143,781$971,823$635,552$2,171,809
73$3,416,831$971,827$609,227$2,318,028
74$3,716,232$970,331$580,521$2,478,050
75$4,044,625$967,214$549,306$2,653,295
76$4,404,919$962,349$515,449$2,845,331
77$4,800,316$955,600$478,812$3,055,890
78$5,234,345$946,821$439,249$3,286,879
79$5,710,894$935,862$396,610$3,540,408
80$6,234,245$922,558$350,736$3,818,800
81$6,809,113$906,739$301,461$4,124,621
82$7,440,696$888,222$248,613$4,460,701
83$8,134,718$866,816$192,012$4,830,163
84$8,897,484$842,315$131,470$5,236,451
85$9,735,943$814,504$66,790$5,683,367
86$10,657,749$783,154$0$6,175,101
87$11,671,334$748,023$0$6,716,921
88$12,785,989$708,856$0$7,333,861
89$14,011,951$665,381$0$8,012,348
90$15,360,497$617,312$0$8,758,654
91$16,844,054$564,346$0$9,579,693
92$18,476,312$506,164$0$10,483,084
93$20,272,357$442,427$0$11,477,228
94$22,248,810$372,778$0$12,571,383
95$24,423,984$296,839$0$13,775,753
96$26,818,058$214,212$0$15,101,587
97$29,453,266$124,476$0$16,561,283
98$32,354,109$27,184$0$18,168,508
99$35,547,581$0$0$19,938,323
100$39,063,428$0$0$21,906,247