Can I retire at age 55 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$65,403$64,820$64,252$63,697$63,155$61,855
2 years$32,378$31,775$31,190$30,624$30,074$28,770
3 years$21,371$20,765$20,182$19,621$19,080$17,813
4 years$15,868$15,264$14,687$14,136$13,608$12,387
5 years$12,568$11,968$11,398$10,858$10,345$9,174
6 years$10,368$9,772$9,211$8,683$8,185$7,066
7 years$8,797$8,207$7,655$7,139$6,657$5,589
8 years$7,620$7,035$6,492$5,988$5,523$4,506
9 years$6,705$6,125$5,591$5,101$4,651$3,685
10 years$5,973$5,399$4,875$4,397$3,963$3,046
11 years$5,375$4,806$4,292$3,827$3,408$2,540
12 years$4,876$4,314$3,809$3,357$2,953$2,133
13 years$4,455$3,899$3,403$2,963$2,575$1,801
14 years$4,094$3,544$3,057$2,630$2,258$1,527
15 years$3,782$3,237$2,760$2,346$1,988$1,300
16 years$3,509$2,970$2,503$2,101$1,757$1,110
17 years$3,268$2,735$2,277$1,887$1,558$951
18 years$3,054$2,528$2,079$1,701$1,385$816
19 years$2,863$2,343$1,903$1,537$1,234$701
20 years$2,692$2,177$1,747$1,392$1,103$604
21 years$2,537$2,028$1,607$1,263$987$521
22 years$2,396$1,893$1,481$1,149$884$449
23 years$2,267$1,770$1,367$1,046$794$388
24 years$2,150$1,659$1,264$954$714$336
25 years$2,042$1,556$1,171$871$642$291
26 years$1,942$1,463$1,086$797$578$252
27 years$1,850$1,377$1,009$729$522$218
28 years$1,765$1,297$938$668$471$189
29 years$1,686$1,224$873$613$425$164
30 years$1,612$1,156$813$562$384$142
31 years$1,543$1,093$758$516$347$123
32 years$1,479$1,034$707$475$314$107
33 years$1,418$979$660$436$284$93
34 years$1,362$928$617$402$257$81
35 years$1,308$880$577$370$233$70
36 years$1,258$835$539$340$211$61
37 years$1,210$793$505$314$191$53
38 years$1,166$754$473$289$173$46
39 years$1,123$717$443$267$157$40
40 years$1,083$682$415$246$143$35
41 years$1,045$649$389$227$129$30
42 years$1,008$618$365$209$117$26
43 years$974$589$343$193$107$23
44 years$941$562$322$178$97$20
45 years$910$536$302$165$88$17
46 years$880$511$284$152$80$15
47 years$851$488$266$141$72$13
48 years$824$465$250$130$66$11
49 years$798$444$235$120$60$10
50 years$773$425$221$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $792,000, adding $2,106 every year, while hoping to spend $48,042 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: 75/15/10 Blend
54$792,000$792,000$792,000$792,000
55$874,956$832,980$820,704$938,851
56$913,086$822,680$797,082$970,950
57$953,494$810,265$771,057$999,844
58$996,363$795,581$742,500$1,030,158
59$1,041,891$778,463$711,274$1,062,016
60$1,090,296$758,740$677,234$1,095,556
61$1,141,816$736,228$640,230$1,130,929
62$1,196,711$710,732$600,107$1,168,305
63$1,255,265$682,048$556,701$1,207,870
64$1,317,791$649,958$509,839$1,249,829
65$1,384,631$614,231$459,344$1,294,413
66$1,456,160$574,625$405,029$1,341,872
67$1,532,790$530,883$346,699$1,392,486
68$1,614,971$482,733$284,150$1,446,566
69$1,703,198$429,887$217,169$1,504,451
70$1,798,015$372,042$145,535$1,566,522
71$1,900,018$308,877$69,015$1,633,197
72$2,009,861$240,053$0$1,704,938
73$2,128,263$165,212$0$1,783,607
74$2,256,014$83,976$0$1,876,366
75$2,393,981$0$0$1,976,499
76$2,543,119$0$0$2,085,397
77$2,704,475$0$0$2,218,238
78$2,879,201$0$0$2,362,113
79$3,068,563$0$0$2,518,069
80$3,273,954$0$0$2,687,254
81$3,496,906$0$0$2,870,936
82$3,739,103$0$0$3,070,505
83$4,002,397$0$0$3,287,492
84$4,288,827$0$0$3,523,581
85$4,600,636$0$0$3,780,625
86$4,940,292$0$0$4,060,664
87$5,310,509$0$0$4,365,940
88$5,714,278$0$0$4,698,924
89$6,154,887$0$0$5,062,334
90$6,635,957$0$0$5,459,161
91$7,161,475$0$0$5,892,700
92$7,735,827$0$0$6,366,575
93$8,363,847$0$0$6,884,780
94$9,050,851$0$0$7,451,709
95$9,802,697$0$0$8,072,202
96$10,625,835$0$0$8,751,589
97$11,527,365$0$0$9,495,738
98$12,515,109$0$0$10,311,112
99$13,597,679$0$0$11,204,828
100$14,784,562$0$0$12,184,726