Can I retire at age 55 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$65,568$64,984$64,414$63,858$63,315$61,784
2 years$32,459$31,855$31,269$30,701$30,150$28,617
3 years$21,425$20,817$20,233$19,670$19,128$17,641
4 years$15,908$15,303$14,724$14,171$13,642$12,212
5 years$12,599$11,998$11,427$10,885$10,371$9,002
6 years$10,394$9,797$9,235$8,705$8,206$6,900
7 years$8,820$8,228$7,674$7,157$6,674$5,430
8 years$7,639$7,053$6,508$6,004$5,536$4,355
9 years$6,722$6,141$5,605$5,114$4,663$3,542
10 years$5,988$5,413$4,887$4,408$3,973$2,912
11 years$5,388$4,818$4,302$3,836$3,417$2,414
12 years$4,889$4,325$3,818$3,365$2,961$2,015
13 years$4,466$3,908$3,411$2,971$2,582$1,691
14 years$4,105$3,553$3,065$2,637$2,263$1,425
15 years$3,791$3,245$2,767$2,352$1,993$1,206
16 years$3,518$2,978$2,509$2,106$1,761$1,023
17 years$3,276$2,742$2,283$1,892$1,562$870
18 years$3,062$2,534$2,084$1,705$1,389$742
19 years$2,871$2,348$1,908$1,541$1,238$634
20 years$2,699$2,182$1,751$1,395$1,105$542
21 years$2,543$2,033$1,611$1,266$989$464
22 years$2,402$1,897$1,484$1,151$887$398
23 years$2,273$1,775$1,371$1,049$796$341
24 years$2,155$1,663$1,268$956$715$293
25 years$2,047$1,560$1,174$873$644$252
26 years$1,947$1,467$1,089$799$580$217
27 years$1,855$1,380$1,011$731$523$186
28 years$1,770$1,301$940$670$472$160
29 years$1,690$1,227$875$614$426$138
30 years$1,616$1,159$815$564$385$119
31 years$1,547$1,095$760$518$348$102
32 years$1,483$1,036$709$476$315$88
33 years$1,422$981$662$438$285$76
34 years$1,365$930$618$403$258$66
35 years$1,312$882$578$371$234$56
36 years$1,261$837$541$341$212$49
37 years$1,213$795$506$314$192$42
38 years$1,168$756$474$290$174$36
39 years$1,126$719$444$267$158$31
40 years$1,086$684$416$247$143$27
41 years$1,047$651$390$227$130$23
42 years$1,011$620$366$210$118$20
43 years$976$591$344$194$107$17
44 years$943$563$322$179$97$15
45 years$912$537$303$165$88$13
46 years$882$512$284$153$80$11
47 years$854$489$267$141$73$10
48 years$826$467$251$130$66$8
49 years$800$446$236$120$60$7
50 years$775$426$222$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $794,000, adding $2,703 every year, while hoping to spend $45,876 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: 72/11/17 Blend
54$794,000$794,000$794,000$794,000
55$877,776$835,694$823,387$937,323
56$918,498$827,831$802,159$969,357
57$961,835$818,046$778,682$998,619
58$1,008,007$806,195$752,833$1,029,479
59$1,057,252$792,127$724,481$1,062,086
60$1,109,833$775,683$693,493$1,096,606
61$1,166,037$756,692$659,725$1,133,223
62$1,226,178$734,975$623,031$1,172,141
63$1,290,601$710,342$583,256$1,213,582
64$1,359,685$682,591$540,238$1,257,798
65$1,433,845$651,510$493,808$1,305,062
66$1,513,537$616,874$443,790$1,355,680
67$1,599,261$578,443$390,000$1,409,988
68$1,691,566$535,967$332,245$1,468,361
69$1,791,055$489,179$270,324$1,531,210
70$1,898,390$437,797$204,028$1,598,992
71$2,014,301$381,524$133,138$1,672,212
72$2,139,586$320,045$57,425$1,751,429
73$2,275,125$253,028$0$1,837,259
74$2,421,883$180,122$0$1,934,626
75$2,580,924$100,957$0$2,051,436
76$2,753,415$15,141$0$2,178,142
77$2,940,642$0$0$2,315,717
78$3,144,016$0$0$2,474,640
79$3,365,093$0$0$2,649,423
80$3,605,581$0$0$2,839,588
81$3,867,363$0$0$3,046,628
82$4,152,508$0$0$3,272,183
83$4,463,294$0$0$3,518,062
84$4,802,228$0$0$3,786,252
85$5,172,069$0$0$4,078,942
86$5,575,854$0$0$4,398,540
87$6,016,926$0$0$4,747,700
88$6,498,967$0$0$5,129,339
89$7,026,027$0$0$5,546,673
90$7,602,569$0$0$6,003,241
91$8,233,505$0$0$6,502,939
92$8,924,243$0$0$7,050,058
93$9,680,741$0$0$7,649,324
94$10,509,558$0$0$8,305,939
95$11,417,918$0$0$9,025,636
96$12,413,776$0$0$9,814,725
97$13,505,896$0$0$10,680,159
98$14,703,928$0$0$11,629,593
99$16,018,503$0$0$12,671,461
100$17,461,330$0$0$13,815,052