Can I retire at age 55 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$59,044$58,518$58,005$57,504$57,015$56,585
2 years$29,230$28,685$28,158$27,646$27,150$26,716
3 years$19,293$18,746$18,220$17,713$17,225$16,801
4 years$14,325$13,780$13,259$12,761$12,285$11,874
5 years$11,346$10,804$10,290$9,802$9,339$8,942
6 years$9,360$8,822$8,316$7,839$7,390$7,008
7 years$7,942$7,409$6,910$6,445$6,010$5,643
8 years$6,879$6,351$5,861$5,406$4,986$4,634
9 years$6,053$5,530$5,048$4,605$4,199$3,862
10 years$5,392$4,874$4,401$3,969$3,577$3,256
11 years$4,852$4,339$3,874$3,455$3,077$2,770
12 years$4,402$3,895$3,438$3,030$2,666$2,373
13 years$4,022$3,519$3,072$2,675$2,325$2,046
14 years$3,696$3,199$2,760$2,375$2,038$1,773
15 years$3,414$2,922$2,492$2,118$1,794$1,542
16 years$3,168$2,681$2,259$1,896$1,586$1,347
17 years$2,950$2,469$2,056$1,704$1,406$1,180
18 years$2,757$2,282$1,877$1,535$1,250$1,036
19 years$2,585$2,115$1,718$1,387$1,114$912
20 years$2,430$1,965$1,577$1,257$995$804
21 years$2,290$1,830$1,450$1,140$891$710
22 years$2,163$1,709$1,337$1,037$799$628
23 years$2,047$1,598$1,234$944$717$556
24 years$1,941$1,497$1,141$861$644$493
25 years$1,843$1,405$1,057$787$580$438
26 years$1,754$1,321$981$719$522$389
27 years$1,671$1,243$911$658$471$346
28 years$1,594$1,171$846$603$425$307
29 years$1,522$1,105$788$553$384$274
30 years$1,455$1,043$734$508$347$244
31 years$1,393$986$684$466$313$217
32 years$1,335$933$638$428$283$194
33 years$1,280$884$596$394$257$173
34 years$1,229$838$557$363$232$154
35 years$1,181$795$521$334$210$137
36 years$1,136$754$487$307$191$123
37 years$1,093$716$456$283$173$109
38 years$1,052$681$427$261$157$98
39 years$1,014$647$400$241$142$87
40 years$978$616$375$222$129$78
41 years$943$586$351$205$117$70
42 years$910$558$330$189$106$62
43 years$879$532$309$174$96$56
44 years$850$507$290$161$87$50
45 years$821$484$273$149$79$44
46 years$794$461$256$137$72$40
47 years$769$440$241$127$65$35
48 years$744$420$226$117$59$32
49 years$721$401$213$108$54$28
50 years$698$383$200$100$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $715,000, adding $5,687 every year, while hoping to spend $33,478 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: 28/49/23 Blend
54$715,000$715,000$715,000$715,000
55$793,796$755,901$744,819$810,168
56$839,143$757,320$734,150$824,854
57$887,993$757,686$722,001$837,295
58$940,669$756,913$708,289$849,962
59$997,523$754,908$692,923$862,894
60$1,058,946$751,574$675,811$876,139
61$1,125,363$746,806$656,855$889,752
62$1,197,244$740,493$635,954$903,798
63$1,275,106$732,521$613,001$918,351
64$1,359,516$722,763$587,886$933,495
65$1,451,097$711,089$560,491$949,327
66$1,550,537$697,360$530,695$965,960
67$1,658,589$681,428$498,371$983,520
68$1,776,084$663,137$463,385$1,002,152
69$1,903,936$642,322$425,600$1,022,019
70$2,043,150$618,808$384,870$1,043,308
71$2,194,831$592,410$341,043$1,066,228
72$2,360,197$562,931$293,961$1,091,017
73$2,540,588$530,165$243,459$1,117,943
74$2,737,477$493,893$189,364$1,147,307
75$2,952,488$453,882$131,496$1,179,447
76$3,187,408$409,888$69,667$1,214,745
77$3,444,203$361,652$3,680$1,253,629
78$3,725,038$308,900$0$1,296,576
79$4,032,300$251,343$0$1,360,502
80$4,368,612$188,677$0$1,431,656
81$4,736,866$120,578$0$1,509,862
82$5,140,246$46,705$0$1,595,926
83$5,582,257$0$0$1,690,743
84$6,066,761$0$0$1,813,266
85$6,598,010$0$0$1,975,340
86$7,180,689$0$0$2,153,224
87$7,819,957$0$0$2,348,509
88$8,521,494$0$0$2,562,946
89$9,291,562$0$0$2,798,465
90$10,137,054$0$0$3,057,191
91$11,065,565$0$0$3,341,466
92$12,085,463$0$0$3,653,868
93$13,205,963$0$0$3,997,240
94$14,437,219$0$0$4,374,713
95$15,790,417$0$0$4,789,734
96$17,277,880$0$0$5,246,105
97$18,913,185$0$0$5,748,013
98$20,711,289$0$0$6,300,069
99$22,688,672$0$0$6,907,356
100$24,863,491$0$0$7,575,474