Can I retire at age 55 with 709,000?

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 $709,000?

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$58,549$58,027$57,518$57,022$56,537$55,946
2 years$28,984$28,445$27,921$27,414$26,922$26,328
3 years$19,131$18,589$18,067$17,565$17,081$16,500
4 years$14,205$13,665$13,148$12,654$12,182$11,620
5 years$11,251$10,713$10,204$9,720$9,261$8,719
6 years$9,281$8,748$8,246$7,773$7,328$6,808
7 years$7,875$7,347$6,852$6,391$5,959$5,461
8 years$6,821$6,298$5,811$5,361$4,944$4,466
9 years$6,002$5,483$5,005$4,566$4,163$3,707
10 years$5,347$4,833$4,364$3,936$3,547$3,112
11 years$4,811$4,303$3,842$3,426$3,051$2,636
12 years$4,365$3,862$3,410$3,005$2,644$2,249
13 years$3,988$3,490$3,046$2,653$2,305$1,930
14 years$3,665$3,172$2,737$2,355$2,021$1,664
15 years$3,386$2,898$2,471$2,100$1,779$1,441
16 years$3,141$2,659$2,240$1,880$1,573$1,253
17 years$2,926$2,449$2,039$1,690$1,394$1,092
18 years$2,734$2,263$1,861$1,523$1,240$954
19 years$2,563$2,097$1,704$1,376$1,105$835
20 years$2,410$1,949$1,564$1,246$987$733
21 years$2,271$1,815$1,438$1,131$883$644
22 years$2,145$1,694$1,326$1,028$792$566
23 years$2,030$1,585$1,224$936$711$499
24 years$1,925$1,485$1,132$854$639$440
25 years$1,828$1,393$1,048$780$575$388
26 years$1,739$1,310$972$713$518$343
27 years$1,657$1,232$903$653$467$303
28 years$1,580$1,161$839$598$421$268
29 years$1,509$1,096$781$548$380$238
30 years$1,443$1,035$728$503$344$210
31 years$1,382$978$678$462$311$186
32 years$1,324$925$633$425$281$165
33 years$1,270$876$591$391$254$146
34 years$1,219$831$552$359$230$130
35 years$1,171$788$516$331$209$115
36 years$1,126$748$483$305$189$102
37 years$1,084$710$452$281$171$91
38 years$1,043$675$423$259$155$81
39 years$1,005$642$397$239$141$71
40 years$969$611$372$220$128$63
41 years$935$581$348$203$116$56
42 years$903$554$327$187$105$50
43 years$872$527$307$173$95$44
44 years$842$503$288$160$87$39
45 years$814$479$270$148$79$35
46 years$788$457$254$136$71$31
47 years$762$436$239$126$65$28
48 years$738$417$224$116$59$25
49 years$715$398$211$108$53$22
50 years$692$380$198$99$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $709,000, adding $5,249 every year, while hoping to spend $44,988 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: 43/36/21 Blend
54$709,000$709,000$709,000$709,000
55$786,732$749,155$738,166$815,549
56$819,112$737,997$715,028$825,308
57$853,287$724,784$689,606$831,099
58$889,392$709,369$661,778$836,453
59$927,576$691,593$631,413$841,354
60$968,000$671,292$598,377$845,786
61$1,010,839$648,290$562,526$849,735
62$1,056,288$622,399$523,714$853,191
63$1,104,557$593,424$481,785$856,146
64$1,155,875$561,155$436,579$858,595
65$1,210,495$525,373$387,925$860,537
66$1,268,694$485,844$335,649$861,978
67$1,330,773$442,322$279,565$862,928
68$1,397,062$394,547$219,481$863,403
69$1,467,926$342,243$155,197$863,429
70$1,543,761$285,120$86,503$863,038
71$1,625,004$222,870$13,180$862,273
72$1,712,133$155,169$0$861,190
73$1,805,672$81,674$0$874,436
74$1,906,198$2,023$0$891,612
75$2,014,342$0$0$909,918
76$2,130,798$0$0$962,870
77$2,256,330$0$0$1,020,880
78$2,391,774$0$0$1,083,540
79$2,538,050$0$0$1,151,284
80$2,696,169$0$0$1,224,592
81$2,867,242$0$0$1,303,987
82$3,052,491$0$0$1,390,046
83$3,253,258$0$0$1,483,405
84$3,471,020$0$0$1,584,760
85$3,707,400$0$0$1,694,881
86$3,964,185$0$0$1,814,611
87$4,243,338$0$0$1,944,879
88$4,547,022$0$0$2,086,708
89$4,877,613$0$0$2,241,221
90$5,237,729$0$0$2,409,658
91$5,630,248$0$0$2,593,380
92$6,058,340$0$0$2,793,887
93$6,525,493$0$0$3,012,829
94$7,035,544$0$0$3,252,023
95$7,592,722$0$0$3,513,469
96$8,201,677$0$0$3,799,369
97$8,867,532$0$0$4,112,148
98$9,595,927$0$0$4,454,476
99$10,393,071$0$0$4,829,292
100$11,265,802$0$0$5,239,835