Can I retire at age 55 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,237$64,656$64,089$63,536$62,996$62,546
2 years$32,296$31,694$31,111$30,546$29,998$29,545
3 years$21,317$20,713$20,131$19,571$19,032$18,589
4 years$15,828$15,226$14,650$14,100$13,574$13,145
5 years$12,536$11,937$11,369$10,830$10,319$9,904
6 years$10,342$9,748$9,188$8,661$8,165$7,766
7 years$8,775$8,186$7,635$7,121$6,640$6,257
8 years$7,601$7,017$6,475$5,973$5,509$5,141
9 years$6,688$6,110$5,577$5,088$4,639$4,287
10 years$5,958$5,385$4,862$4,386$3,953$3,616
11 years$5,361$4,794$4,281$3,817$3,399$3,078
12 years$4,864$4,303$3,799$3,348$2,946$2,639
13 years$4,444$3,889$3,394$2,956$2,569$2,277
14 years$4,084$3,535$3,050$2,624$2,252$1,974
15 years$3,772$3,229$2,753$2,340$1,983$1,719
16 years$3,500$2,963$2,496$2,095$1,752$1,502
17 years$3,260$2,728$2,272$1,883$1,554$1,316
18 years$3,047$2,521$2,074$1,697$1,382$1,157
19 years$2,856$2,337$1,898$1,533$1,231$1,019
20 years$2,685$2,171$1,742$1,388$1,100$899
21 years$2,530$2,022$1,603$1,260$984$794
22 years$2,390$1,888$1,477$1,146$882$703
23 years$2,262$1,766$1,364$1,043$792$623
24 years$2,144$1,654$1,261$952$712$553
25 years$2,037$1,553$1,168$869$641$491
26 years$1,938$1,459$1,083$795$577$437
27 years$1,846$1,373$1,006$727$520$389
28 years$1,761$1,294$935$666$469$346
29 years$1,682$1,221$870$611$424$308
30 years$1,608$1,153$811$561$383$275
31 years$1,539$1,090$756$515$346$245
32 years$1,475$1,031$705$473$313$219
33 years$1,415$977$658$435$283$195
34 years$1,358$926$615$401$257$174
35 years$1,305$878$575$369$232$155
36 years$1,255$833$538$340$211$139
37 years$1,207$791$504$313$191$124
38 years$1,163$752$472$288$173$111
39 years$1,120$715$442$266$157$99
40 years$1,080$680$414$245$142$89
41 years$1,042$648$388$226$129$79
42 years$1,006$617$364$209$117$71
43 years$971$588$342$193$106$63
44 years$939$560$321$178$97$57
45 years$907$534$301$164$88$51
46 years$878$510$283$152$80$45
47 years$849$486$266$140$72$41
48 years$822$464$250$130$66$36
49 years$796$443$235$120$60$32
50 years$771$424$221$111$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $790,000, adding $2,083 every year, while hoping to spend $37,778 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: 62/20/18 Blend
54$790,000$790,000$790,000$790,000
55$872,729$830,859$818,614$922,714
56$921,551$831,375$805,842$957,152
57$974,088$830,651$791,376$990,304
58$1,030,677$828,585$775,119$1,025,614
59$1,091,692$825,071$756,971$1,063,295
60$1,157,540$819,995$736,825$1,103,582
61$1,228,671$813,237$714,570$1,146,737
62$1,305,579$804,669$690,092$1,193,049
63$1,388,806$794,156$663,269$1,242,839
64$1,478,950$781,555$633,973$1,296,459
65$1,576,665$766,714$602,074$1,354,303
66$1,682,674$749,472$567,432$1,416,802
67$1,797,769$729,658$529,904$1,484,438
68$1,922,822$707,092$489,337$1,557,740
69$2,058,794$681,584$445,574$1,637,293
70$2,206,741$652,931$398,450$1,723,748
71$2,367,823$620,919$347,792$1,817,821
72$2,543,319$585,323$293,422$1,920,304
73$2,734,637$545,903$235,150$2,032,073
74$2,943,323$502,405$172,782$2,154,098
75$3,171,083$454,564$106,111$2,287,448
76$3,419,792$402,096$34,924$2,433,305
77$3,691,515$344,703$0$2,592,978
78$3,988,525$282,069$0$2,775,792
79$4,313,325$213,861$0$2,983,131
80$4,668,671$139,727$0$3,210,087
81$5,057,597$59,295$0$3,458,657
82$5,483,444$0$0$3,731,040
83$5,949,891$0$0$4,035,788
84$6,460,991$0$0$4,384,065
85$7,021,206$0$0$4,765,871
86$7,635,450$0$0$5,184,561
87$8,309,136$0$0$5,643,834
88$9,048,228$0$0$6,147,761
89$9,859,290$0$0$6,700,830
90$10,749,557$0$0$7,307,980
91$11,726,998$0$0$7,974,655
92$12,800,388$0$0$8,706,850
93$13,979,397$0$0$9,511,171
94$15,274,675$0$0$10,394,894
95$16,697,958$0$0$11,366,035
96$18,262,172$0$0$12,433,423
97$19,981,557$0$0$13,606,790
98$21,871,804$0$0$14,896,852
99$23,950,199$0$0$16,315,418
100$26,235,784$0$0$17,875,500