Can I retire at age 55 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$65,816$65,229$64,657$64,099$63,554$61,917
2 years$32,582$31,975$31,387$30,817$30,264$28,626
3 years$21,506$20,896$20,309$19,745$19,201$17,612
4 years$15,968$15,361$14,780$14,225$13,694$12,168
5 years$12,647$12,043$11,470$10,926$10,410$8,950
6 years$10,433$9,834$9,269$8,738$8,237$6,845
7 years$8,853$8,259$7,703$7,184$6,699$5,375
8 years$7,668$7,079$6,533$6,026$5,557$4,300
9 years$6,747$6,164$5,627$5,133$4,680$3,489
10 years$6,011$5,433$4,905$4,425$3,988$2,862
11 years$5,409$4,837$4,319$3,851$3,430$2,366
12 years$4,907$4,341$3,833$3,378$2,972$1,970
13 years$4,483$3,923$3,424$2,982$2,592$1,649
14 years$4,120$3,566$3,077$2,647$2,272$1,386
15 years$3,806$3,258$2,778$2,361$2,000$1,169
16 years$3,531$2,989$2,519$2,114$1,768$989
17 years$3,289$2,753$2,292$1,899$1,568$839
18 years$3,074$2,544$2,092$1,712$1,394$713
19 years$2,882$2,357$1,915$1,547$1,242$607
20 years$2,709$2,191$1,758$1,401$1,110$518
21 years$2,553$2,040$1,617$1,271$993$442
22 years$2,411$1,905$1,490$1,156$890$378
23 years$2,282$1,781$1,376$1,053$799$323
24 years$2,163$1,669$1,272$960$718$277
25 years$2,055$1,566$1,178$877$646$237
26 years$1,955$1,472$1,093$802$582$203
27 years$1,862$1,385$1,015$734$525$174
28 years$1,776$1,305$944$672$474$149
29 years$1,697$1,232$878$617$428$128
30 years$1,622$1,163$818$566$386$110
31 years$1,553$1,099$762$520$349$94
32 years$1,488$1,040$711$478$316$81
33 years$1,427$985$664$439$286$70
34 years$1,370$934$621$404$259$60
35 years$1,316$886$580$372$234$51
36 years$1,266$841$543$343$212$44
37 years$1,218$798$508$316$193$38
38 years$1,173$759$476$291$175$33
39 years$1,130$721$446$268$158$28
40 years$1,090$686$418$247$144$24
41 years$1,051$653$392$228$130$21
42 years$1,015$622$367$211$118$18
43 years$980$593$345$194$107$15
44 years$947$565$324$180$97$13
45 years$915$539$304$166$88$11
46 years$885$514$285$153$80$10
47 years$857$491$268$142$73$8
48 years$829$468$252$131$66$7
49 years$803$447$237$121$60$6
50 years$778$427$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $797,000, adding $2,885 every year, while hoping to spend $41,016 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: 53/32/15 Blend
54$797,000$797,000$797,000$797,000
55$881,270$839,029$826,675$924,293
56$927,519$836,501$810,728$951,469
57$977,110$832,474$792,872$976,416
58$1,030,342$826,832$773,000$1,002,638
59$1,087,541$819,450$751,000$1,030,267
60$1,149,065$810,199$726,753$1,059,449
61$1,215,309$798,937$700,139$1,090,350
62$1,286,704$785,519$671,027$1,123,152
63$1,363,726$769,787$639,284$1,158,059
64$1,446,896$751,577$604,770$1,195,299
65$1,536,787$730,712$567,338$1,235,126
66$1,634,031$707,008$526,835$1,277,822
67$1,739,318$680,268$483,100$1,323,700
68$1,853,411$650,283$435,966$1,373,110
69$1,977,147$616,835$385,260$1,426,440
70$2,111,447$579,691$330,797$1,484,121
71$2,257,323$538,605$272,387$1,546,633
72$2,415,890$493,316$209,832$1,614,509
73$2,588,373$443,550$142,923$1,688,341
74$2,776,120$389,017$71,444$1,768,783
75$2,980,614$329,409$0$1,856,566
76$3,203,489$264,403$0$1,953,272
77$3,446,541$193,655$0$2,071,275
78$3,711,748$116,803$0$2,200,162
79$4,001,286$33,466$0$2,341,077
80$4,317,551$0$0$2,495,283
81$4,663,182$0$0$2,684,164
82$5,041,082$0$0$2,903,639
83$5,454,449$0$0$3,143,789
84$5,906,804$0$0$3,406,670
85$6,402,022$0$0$3,694,545
86$6,944,374$0$0$4,009,906
87$7,538,560$0$0$4,355,496
88$8,189,758$0$0$4,734,339
89$8,903,669$0$0$5,149,764
90$9,686,574$0$0$5,605,436
91$10,545,389$0$0$6,105,394
92$11,487,733$0$0$6,654,086
93$12,521,997$0$0$7,256,412
94$13,657,425$0$0$7,917,769
95$14,904,200$0$0$8,644,103
96$16,273,539$0$0$9,441,962
97$17,777,796$0$0$10,318,562
98$19,430,586$0$0$11,281,850
99$21,246,902$0$0$12,340,585
100$23,243,266$0$0$13,504,411