Can I retire at age 55 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,898$65,311$64,738$64,179$63,634$62,969
2 years$32,623$32,015$31,426$30,856$30,302$29,633
3 years$21,533$20,922$20,335$19,769$19,225$18,572
4 years$15,988$15,380$14,799$14,243$13,711$13,079
5 years$12,663$12,058$11,484$10,940$10,423$9,814
6 years$10,447$9,846$9,281$8,749$8,247$7,662
7 years$8,864$8,269$7,713$7,193$6,707$6,146
8 years$7,678$7,088$6,541$6,034$5,564$5,027
9 years$6,756$6,171$5,634$5,139$4,686$4,172
10 years$6,018$5,440$4,912$4,430$3,993$3,502
11 years$5,415$4,843$4,324$3,856$3,434$2,967
12 years$4,913$4,347$3,838$3,382$2,976$2,531
13 years$4,489$3,928$3,429$2,986$2,595$2,172
14 years$4,125$3,570$3,081$2,650$2,275$1,873
15 years$3,811$3,262$2,781$2,364$2,003$1,622
16 years$3,535$2,993$2,522$2,116$1,770$1,410
17 years$3,293$2,756$2,295$1,902$1,569$1,229
18 years$3,078$2,547$2,095$1,714$1,395$1,074
19 years$2,885$2,360$1,918$1,548$1,244$940
20 years$2,712$2,193$1,760$1,402$1,111$825
21 years$2,556$2,043$1,619$1,273$994$725
22 years$2,414$1,907$1,492$1,157$891$638
23 years$2,285$1,784$1,378$1,054$800$562
24 years$2,166$1,671$1,274$961$719$495
25 years$2,057$1,568$1,180$878$647$437
26 years$1,957$1,474$1,094$803$583$386
27 years$1,864$1,387$1,016$735$525$341
28 years$1,779$1,307$945$673$474$302
29 years$1,699$1,233$879$617$428$267
30 years$1,624$1,165$819$567$387$237
31 years$1,555$1,101$763$520$350$210
32 years$1,490$1,042$712$478$316$186
33 years$1,429$986$665$440$286$165
34 years$1,372$935$621$405$259$146
35 years$1,318$887$581$372$235$130
36 years$1,267$842$543$343$213$115
37 years$1,220$799$509$316$193$102
38 years$1,174$760$476$291$175$91
39 years$1,132$722$446$269$159$80
40 years$1,091$687$418$248$144$71
41 years$1,053$654$392$229$130$63
42 years$1,016$623$368$211$118$56
43 years$981$594$345$195$107$50
44 years$948$566$324$180$98$44
45 years$917$540$304$166$89$39
46 years$887$515$286$153$80$35
47 years$858$491$269$142$73$31
48 years$830$469$252$131$66$28
49 years$804$448$237$121$60$25
50 years$779$428$223$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $798,000, adding $6,816 every year, while hoping to spend $35,678 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: 50/27/23 Blend
54$798,000$798,000$798,000$798,000
55$886,427$844,133$831,764$924,713
56$938,881$847,534$821,667$955,416
57$995,490$849,906$810,036$984,600
58$1,056,640$851,161$796,781$1,015,587
59$1,122,754$851,206$781,811$1,048,562
60$1,194,300$849,940$765,027$1,083,730
61$1,271,790$847,258$746,326$1,121,320
62$1,355,788$843,049$725,603$1,161,585
63$1,446,913$837,193$702,746$1,204,806
64$1,545,847$829,564$677,636$1,251,296
65$1,653,339$820,029$650,154$1,301,402
66$1,770,216$808,446$620,169$1,355,506
67$1,897,383$794,665$587,550$1,414,035
68$2,035,839$778,527$552,156$1,477,461
69$2,186,682$759,863$513,841$1,546,307
70$2,351,123$738,494$472,454$1,621,152
71$2,530,490$714,233$427,833$1,702,639
72$2,726,248$686,879$379,814$1,791,477
73$2,940,010$656,221$328,223$1,888,454
74$3,173,550$622,034$272,877$1,994,441
75$3,428,820$584,082$213,587$2,110,403
76$3,707,973$542,116$150,155$2,237,407
77$4,013,376$495,869$82,375$2,376,634
78$4,347,637$445,063$10,031$2,529,390
79$4,713,626$389,401$0$2,697,120
80$5,114,506$328,572$0$2,897,908
81$5,553,759$262,245$0$3,120,733
82$6,035,219$190,072$0$3,365,145
83$6,563,109$111,683$0$3,633,367
84$7,142,082$26,691$0$3,927,851
85$7,777,260$0$0$4,251,303
86$8,474,287$0$0$4,626,115
87$9,239,379$0$0$5,046,319
88$10,079,383$0$0$5,507,757
89$11,001,842$0$0$6,014,583
90$12,015,063$0$0$6,571,374
91$13,128,200$0$0$7,183,171
92$14,351,337$0$0$7,855,530
93$15,695,582$0$0$8,594,569
94$17,173,173$0$0$9,407,030
95$18,797,592$0$0$10,300,340
96$20,583,694$0$0$11,282,683
97$22,547,843$0$0$12,363,073
98$24,708,071$0$0$13,551,444
99$27,084,244$0$0$14,858,740
100$29,698,248$0$0$16,297,019