Can I retire at age 55 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$65,155$64,575$64,008$63,456$62,916$61,073
2 years$32,255$31,654$31,072$30,508$29,960$28,118
3 years$21,290$20,686$20,106$19,546$19,008$17,225
4 years$15,808$15,207$14,632$14,082$13,557$11,846
5 years$12,520$11,922$11,355$10,816$10,305$8,673
6 years$10,329$9,735$9,176$8,650$8,154$6,600
7 years$8,764$8,176$7,626$7,112$6,632$5,156
8 years$7,591$7,008$6,467$5,966$5,502$4,104
9 years$6,679$6,102$5,570$5,082$4,633$3,312
10 years$5,950$5,378$4,856$4,380$3,948$2,701
11 years$5,354$4,788$4,275$3,812$3,395$2,221
12 years$4,858$4,298$3,794$3,344$2,942$1,838
13 years$4,438$3,884$3,390$2,952$2,566$1,529
14 years$4,079$3,530$3,046$2,621$2,249$1,277
15 years$3,768$3,225$2,750$2,337$1,980$1,071
16 years$3,496$2,959$2,493$2,093$1,750$900
17 years$3,256$2,725$2,269$1,880$1,552$758
18 years$3,043$2,518$2,071$1,694$1,380$640
19 years$2,853$2,334$1,896$1,531$1,230$541
20 years$2,682$2,169$1,740$1,387$1,098$459
21 years$2,527$2,020$1,600$1,258$983$389
22 years$2,387$1,885$1,475$1,144$881$330
23 years$2,259$1,763$1,362$1,042$791$280
24 years$2,142$1,652$1,260$950$711$238
25 years$2,034$1,551$1,167$868$640$203
26 years$1,935$1,457$1,082$794$576$172
27 years$1,843$1,371$1,005$726$520$147
28 years$1,759$1,292$934$666$469$125
29 years$1,680$1,219$869$610$423$106
30 years$1,606$1,151$810$560$382$91
31 years$1,537$1,088$755$514$346$77
32 years$1,473$1,030$704$473$313$66
33 years$1,413$975$658$435$283$56
34 years$1,356$924$614$400$256$48
35 years$1,303$877$574$368$232$41
36 years$1,253$832$537$339$210$35
37 years$1,206$790$503$312$191$30
38 years$1,161$751$471$288$173$25
39 years$1,119$714$441$266$157$22
40 years$1,079$680$414$245$142$18
41 years$1,041$647$388$226$129$16
42 years$1,005$616$364$209$117$13
43 years$970$587$341$193$106$11
44 years$937$560$320$178$96$10
45 years$906$534$301$164$88$8
46 years$877$509$283$152$79$7
47 years$848$486$265$140$72$6
48 years$821$464$249$129$66$5
49 years$795$443$234$120$60$4
50 years$770$423$220$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $789,000, adding $6,377 every year, while hoping to spend $56,674 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: 60/18/22 Blend
54$789,000$789,000$789,000$789,000
55$876,056$834,239$822,009$923,160
56$905,113$814,816$789,246$936,432
57$935,234$792,542$753,486$944,158
58$966,469$767,217$714,568$951,332
59$998,868$738,630$672,325$957,908
60$1,032,487$706,558$626,583$963,842
61$1,067,385$670,763$577,158$969,087
62$1,103,625$630,997$523,859$973,593
63$1,141,273$586,994$466,487$977,310
64$1,180,402$538,476$404,833$980,184
65$1,221,087$485,145$338,679$982,162
66$1,263,410$426,690$267,797$983,187
67$1,307,461$362,781$191,951$983,201
68$1,353,333$293,068$110,893$982,145
69$1,401,128$217,183$24,363$979,958
70$1,450,956$134,738$0$976,577
71$1,502,933$45,320$0$987,896
72$1,557,188$0$0$1,005,033
73$1,613,857$0$0$1,032,469
74$1,673,088$0$0$1,070,542
75$1,735,041$0$0$1,110,381
76$1,799,889$0$0$1,152,098
77$1,867,820$0$0$1,195,817
78$1,939,036$0$0$1,241,671
79$2,013,758$0$0$1,289,804
80$2,092,226$0$0$1,340,374
81$2,174,698$0$0$1,393,550
82$2,261,459$0$0$1,449,519
83$2,352,815$0$0$1,508,482
84$2,449,101$0$0$1,570,659
85$2,550,681$0$0$1,636,291
86$2,657,953$0$0$1,705,637
87$2,771,351$0$0$1,778,984
88$2,891,348$0$0$1,856,643
89$3,018,459$0$0$1,938,953
90$3,153,251$0$0$2,026,286
91$3,296,338$0$0$2,119,048
92$3,448,396$0$0$2,217,683
93$3,610,163$0$0$2,322,678
94$3,782,446$0$0$2,434,564
95$3,966,130$0$0$2,553,925
96$4,162,182$0$0$2,681,397
97$4,371,664$0$0$2,817,682
98$4,595,738$0$0$2,963,545
99$4,835,681$0$0$3,119,827
100$5,092,890$0$0$3,287,451