Can I retire at age 55 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$65,733$65,147$64,576$64,019$63,474$61,492
2 years$32,541$31,935$31,348$30,778$30,226$28,246
3 years$21,479$20,870$20,284$19,720$19,176$17,262
4 years$15,948$15,342$14,762$14,207$13,677$11,842
5 years$12,631$12,028$11,456$10,912$10,397$8,646
6 years$10,420$9,822$9,258$8,727$8,227$6,562
7 years$8,842$8,248$7,693$7,175$6,691$5,112
8 years$7,659$7,070$6,525$6,019$5,550$4,057
9 years$6,739$6,156$5,620$5,127$4,674$3,264
10 years$6,003$5,426$4,899$4,419$3,983$2,653
11 years$5,402$4,831$4,313$3,846$3,425$2,174
12 years$4,901$4,336$3,828$3,373$2,968$1,794
13 years$4,478$3,918$3,420$2,978$2,588$1,487
14 years$4,115$3,562$3,073$2,644$2,269$1,238
15 years$3,801$3,254$2,774$2,358$1,998$1,034
16 years$3,527$2,985$2,515$2,111$1,766$866
17 years$3,285$2,749$2,289$1,897$1,566$727
18 years$3,070$2,540$2,089$1,709$1,392$612
19 years$2,878$2,354$1,913$1,545$1,241$515
20 years$2,705$2,188$1,755$1,399$1,108$435
21 years$2,549$2,038$1,615$1,270$992$367
22 years$2,408$1,902$1,488$1,154$889$310
23 years$2,279$1,779$1,374$1,051$798$263
24 years$2,161$1,667$1,271$959$717$222
25 years$2,052$1,564$1,177$876$645$188
26 years$1,952$1,470$1,092$801$581$160
27 years$1,860$1,384$1,014$733$524$135
28 years$1,774$1,304$942$671$473$115
29 years$1,694$1,230$877$616$427$97
30 years$1,620$1,162$817$565$386$83
31 years$1,551$1,098$761$519$349$70
32 years$1,486$1,039$710$477$316$59
33 years$1,426$984$663$439$286$50
34 years$1,368$933$620$404$259$43
35 years$1,315$885$579$372$234$36
36 years$1,264$840$542$342$212$31
37 years$1,217$797$507$315$192$26
38 years$1,171$758$475$291$174$22
39 years$1,129$721$445$268$158$19
40 years$1,088$686$417$247$143$16
41 years$1,050$653$391$228$130$14
42 years$1,013$622$367$210$118$12
43 years$979$592$344$194$107$10
44 years$946$564$323$179$97$8
45 years$914$538$304$166$88$7
46 years$884$513$285$153$80$6
47 years$856$490$268$141$73$5
48 years$828$468$252$131$66$4
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $796,000, adding $5,076 every year, while hoping to spend $31,694 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: 72/21/7 Blend
54$796,000$796,000$796,000$796,000
55$882,428$840,240$827,902$944,694
56$938,713$847,689$821,914$993,914
57$999,678$854,442$814,664$1,043,340
58$1,065,765$860,429$806,075$1,096,568
59$1,137,462$865,580$796,068$1,153,964
60$1,215,307$869,817$784,561$1,215,931
61$1,299,890$873,060$771,465$1,282,912
62$1,391,860$875,220$756,690$1,355,398
63$1,491,931$876,208$740,140$1,433,929
64$1,600,889$875,923$721,716$1,519,099
65$1,719,600$874,264$701,314$1,611,565
66$1,849,015$871,118$678,824$1,712,049
67$1,990,182$866,371$654,132$1,821,349
68$2,144,254$859,896$627,118$1,940,343
69$2,312,500$851,563$597,659$2,070,002
70$2,496,317$841,232$565,623$2,211,394
71$2,697,244$828,755$530,874$2,365,696
72$2,916,974$813,975$493,269$2,534,207
73$3,157,371$796,726$452,660$2,718,361
74$3,420,490$776,832$408,890$2,919,736
75$3,708,590$754,107$361,798$3,140,072
76$4,024,161$728,353$311,214$3,381,292
77$4,369,946$699,363$256,960$3,645,509
78$4,748,963$666,914$198,851$3,935,060
79$5,164,538$630,774$136,693$4,252,517
80$5,620,334$590,695$70,286$4,600,717
81$6,120,386$546,417$0$4,982,789
82$6,669,136$497,662$0$5,402,226
83$7,271,479$444,139$0$5,868,391
84$7,932,807$385,539$0$6,380,240
85$8,659,060$321,536$0$6,942,414
86$9,456,779$251,786$0$7,560,026
87$10,333,171$175,925$0$8,238,717
88$11,296,178$93,569$0$8,984,701
89$12,354,545$4,311$0$9,804,829
90$13,517,910$0$0$10,706,652
91$14,796,889$0$0$11,719,819
92$16,203,179$0$0$12,834,976
93$17,749,666$0$0$14,061,351
94$19,450,548$0$0$15,410,207
95$21,321,468$0$0$16,893,957
96$23,379,662$0$0$18,526,275
97$25,644,118$0$0$20,322,226
98$28,135,761$0$0$22,298,413
99$30,877,643$0$0$24,473,125
100$33,895,166$0$0$26,866,516