Can I retire at age 55 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$58,961$58,436$57,924$57,424$56,935$55,402
2 years$29,189$28,645$28,118$27,608$27,112$25,578
3 years$19,266$18,720$18,194$17,688$17,201$15,714
4 years$14,305$13,761$13,241$12,744$12,268$10,840
5 years$11,330$10,789$10,275$9,788$9,326$7,961
6 years$9,347$8,810$8,304$7,828$7,379$6,078
7 years$7,931$7,399$6,901$6,436$6,001$4,765
8 years$6,870$6,342$5,852$5,399$4,979$3,806
9 years$6,044$5,522$5,041$4,598$4,193$3,082
10 years$5,385$4,867$4,395$3,964$3,572$2,523
11 years$4,845$4,333$3,869$3,450$3,072$2,083
12 years$4,396$3,889$3,434$3,026$2,662$1,730
13 years$4,016$3,515$3,068$2,671$2,322$1,445
14 years$3,691$3,195$2,756$2,371$2,035$1,212
15 years$3,409$2,918$2,489$2,115$1,792$1,021
16 years$3,163$2,678$2,256$1,894$1,584$862
17 years$2,946$2,466$2,053$1,701$1,404$729
18 years$2,754$2,279$1,874$1,533$1,249$618
19 years$2,581$2,112$1,716$1,385$1,113$525
20 years$2,427$1,962$1,575$1,255$994$447
21 years$2,287$1,828$1,448$1,139$890$381
22 years$2,160$1,706$1,335$1,035$797$325
23 years$2,044$1,596$1,233$943$716$277
24 years$1,938$1,495$1,140$860$643$237
25 years$1,841$1,403$1,056$785$579$202
26 years$1,751$1,319$979$718$521$173
27 years$1,668$1,241$909$657$470$148
28 years$1,591$1,169$845$602$424$126
29 years$1,520$1,103$787$552$383$108
30 years$1,453$1,042$733$507$346$93
31 years$1,391$985$683$466$313$79
32 years$1,333$932$637$428$283$68
33 years$1,279$883$595$393$256$58
34 years$1,227$837$556$362$232$50
35 years$1,179$793$520$333$210$43
36 years$1,134$753$486$307$190$37
37 years$1,091$715$455$283$173$31
38 years$1,051$680$426$261$156$27
39 years$1,012$646$399$240$142$23
40 years$976$615$374$222$129$20
41 years$942$585$351$205$117$17
42 years$909$557$329$189$106$15
43 years$878$531$309$174$96$12
44 years$848$506$290$161$87$11
45 years$820$483$272$149$79$9
46 years$793$461$256$137$72$8
47 years$768$440$240$127$65$7
48 years$743$420$226$117$59$6
49 years$720$401$212$108$54$5
50 years$697$383$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $714,000, adding $6,844 every year, while hoping to spend $43,514 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: 77/18/5 Blend
54$714,000$714,000$714,000$714,000
55$793,888$756,046$744,979$854,270
56$828,566$746,793$723,637$885,597
57$865,322$735,629$700,122$913,593
58$904,324$722,414$674,314$942,992
59$945,752$706,999$646,091$973,915
60$989,805$689,228$615,321$1,006,492
61$1,036,700$668,936$581,870$1,040,872
62$1,086,676$645,946$545,595$1,077,214
63$1,139,993$620,073$506,348$1,115,699
64$1,196,935$591,120$463,974$1,156,522
65$1,257,817$558,879$418,312$1,199,902
66$1,322,981$523,131$369,192$1,246,079
67$1,392,803$483,642$316,437$1,295,320
68$1,467,695$440,167$259,865$1,347,920
69$1,548,111$392,446$199,280$1,404,203
70$1,634,546$340,203$134,484$1,464,528
71$1,727,546$283,150$65,266$1,529,293
72$1,827,710$220,978$0$1,598,937
73$1,935,695$153,365$0$1,674,404
74$2,052,224$79,968$0$1,759,517
75$2,178,090$425$0$1,851,395
76$2,314,165$0$0$1,950,707
77$2,461,409$0$0$2,075,154
78$2,620,873$0$0$2,210,042
79$2,793,718$0$0$2,356,271
80$2,981,217$0$0$2,514,920
81$3,184,770$0$0$2,687,178
82$3,405,919$0$0$2,874,353
83$3,646,359$0$0$3,077,881
84$3,907,955$0$0$3,299,345
85$4,192,758$0$0$3,540,485
86$4,503,025$0$0$3,803,217
87$4,841,242$0$0$4,089,647
88$5,210,143$0$0$4,402,097
89$5,612,737$0$0$4,743,118
90$6,052,338$0$0$5,115,522
91$6,532,591$0$0$5,522,402
92$7,057,512$0$0$5,967,164
93$7,631,520$0$0$6,453,559
94$8,259,483$0$0$6,985,715
95$8,946,759$0$0$7,568,178
96$9,699,249$0$0$8,205,955
97$10,523,450$0$0$8,904,559
98$11,426,518$0$0$9,670,060
99$12,416,334$0$0$10,509,146
100$13,501,577$0$0$11,429,180