Can I retire at age 55 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$65,320$64,738$64,171$63,616$63,075$62,184
2 years$32,337$31,734$31,151$30,585$30,036$29,140
3 years$21,344$20,739$20,157$19,596$19,056$18,183
4 years$15,848$15,245$14,669$14,118$13,591$12,747
5 years$12,552$11,952$11,384$10,844$10,332$9,520
6 years$10,355$9,760$9,200$8,672$8,175$7,397
7 years$8,786$8,196$7,645$7,130$6,648$5,903
8 years$7,610$7,026$6,484$5,981$5,516$4,804
9 years$6,696$6,117$5,584$5,094$4,645$3,966
10 years$5,965$5,392$4,868$4,391$3,958$3,311
11 years$5,368$4,800$4,286$3,822$3,404$2,789
12 years$4,870$4,308$3,804$3,352$2,950$2,366
13 years$4,449$3,894$3,398$2,960$2,572$2,018
14 years$4,089$3,539$3,054$2,627$2,255$1,730
15 years$3,777$3,233$2,757$2,343$1,985$1,489
16 years$3,504$2,966$2,500$2,098$1,755$1,286
17 years$3,264$2,732$2,275$1,885$1,556$1,114
18 years$3,051$2,524$2,076$1,699$1,383$967
19 years$2,860$2,340$1,901$1,535$1,233$841
20 years$2,688$2,174$1,744$1,390$1,101$733
21 years$2,533$2,025$1,605$1,262$986$640
22 years$2,393$1,890$1,479$1,147$883$559
23 years$2,265$1,768$1,365$1,045$793$489
24 years$2,147$1,656$1,263$953$713$428
25 years$2,039$1,554$1,170$870$641$375
26 years$1,940$1,461$1,085$796$578$329
27 years$1,848$1,375$1,007$728$521$289
28 years$1,763$1,296$936$667$470$254
29 years$1,684$1,222$871$612$424$223
30 years$1,610$1,154$812$562$383$196
31 years$1,541$1,091$757$516$347$172
32 years$1,477$1,032$706$474$314$152
33 years$1,417$978$659$436$284$133
34 years$1,360$927$616$401$257$117
35 years$1,307$879$576$369$233$103
36 years$1,256$834$539$340$211$91
37 years$1,209$792$504$313$191$80
38 years$1,164$753$472$289$173$71
39 years$1,122$716$442$266$157$62
40 years$1,081$681$415$246$143$55
41 years$1,043$649$389$227$129$48
42 years$1,007$618$365$209$117$43
43 years$973$588$342$193$106$38
44 years$940$561$321$178$97$33
45 years$909$535$302$165$88$29
46 years$879$510$283$152$80$26
47 years$850$487$266$140$72$23
48 years$823$465$250$130$66$20
49 years$797$444$235$120$60$18
50 years$772$424$221$111$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $791,000, adding $4,024 every year, while hoping to spend $20,695 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: 32/43/25 Blend
54$791,000$791,000$791,000$791,000
55$875,833$833,910$821,649$897,041
56$943,148$852,752$827,155$932,326
57$1,016,637$871,824$832,152$968,178
58$1,096,905$891,115$836,601$1,006,379
59$1,184,623$910,613$840,460$1,047,150
60$1,280,527$930,306$843,688$1,090,734
61$1,385,428$950,178$846,239$1,137,397
62$1,500,219$970,214$848,065$1,187,437
63$1,625,883$990,396$849,117$1,241,178
64$1,763,503$1,010,705$849,342$1,298,981
65$1,914,271$1,031,121$848,686$1,361,243
66$2,079,501$1,051,620$847,091$1,428,401
67$2,260,638$1,072,177$844,497$1,500,938
68$2,459,276$1,092,767$840,841$1,579,389
69$2,677,168$1,113,359$836,055$1,664,341
70$2,916,248$1,133,922$830,071$1,756,444
71$3,178,643$1,154,421$822,816$1,856,413
72$3,466,697$1,174,821$814,214$1,965,041
73$3,782,994$1,195,081$804,184$2,083,197
74$4,130,378$1,215,159$792,642$2,211,846
75$4,511,984$1,235,008$779,502$2,352,049
76$4,931,262$1,254,579$764,672$2,504,977
77$5,392,017$1,273,820$748,055$2,671,924
78$5,898,439$1,292,674$729,551$2,854,314
79$6,455,144$1,311,078$709,055$3,053,722
80$7,067,217$1,328,970$686,456$3,271,882
81$7,740,261$1,346,277$661,641$3,510,711
82$8,480,450$1,362,927$634,488$3,772,319
83$9,294,584$1,378,839$604,872$4,059,037
84$10,190,158$1,393,928$572,661$4,373,436
85$11,175,427$1,408,104$537,719$4,718,350
86$12,259,489$1,421,270$499,901$5,096,907
87$13,452,367$1,433,321$459,057$5,512,555
88$14,765,104$1,444,150$415,031$5,969,100
89$16,209,869$1,453,637$367,659$6,470,738
90$17,800,069$1,461,660$316,769$7,022,097
91$19,550,479$1,468,084$262,184$7,628,279
92$21,477,378$1,472,769$203,717$8,294,915
93$23,598,701$1,475,566$141,172$9,028,212
94$25,934,215$1,476,315$74,347$9,835,015
95$28,505,696$1,474,846$3,030$10,722,873
96$31,337,144$1,470,981$0$11,700,111
97$34,455,002$1,464,527$0$12,795,401
98$37,888,407$1,455,284$0$14,001,503
99$41,669,468$1,443,037$0$15,328,830
100$45,833,565$1,427,557$0$16,789,758