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%18%
1 years$59,044$58,518$58,005$57,504$57,015$55,168
2 years$29,230$28,685$28,158$27,646$27,150$25,306
3 years$19,293$18,746$18,220$17,713$17,225$15,443
4 years$14,325$13,780$13,259$12,761$12,285$10,578
5 years$11,346$10,804$10,290$9,802$9,339$7,711
6 years$9,360$8,822$8,316$7,839$7,390$5,843
7 years$7,942$7,409$6,910$6,445$6,010$4,544
8 years$6,879$6,351$5,861$5,406$4,986$3,599
9 years$6,053$5,530$5,048$4,605$4,199$2,891
10 years$5,392$4,874$4,401$3,969$3,577$2,345
11 years$4,852$4,339$3,874$3,455$3,077$1,919
12 years$4,402$3,895$3,438$3,030$2,666$1,579
13 years$4,022$3,519$3,072$2,675$2,325$1,307
14 years$3,696$3,199$2,760$2,375$2,038$1,086
15 years$3,414$2,922$2,492$2,118$1,794$905
16 years$3,168$2,681$2,259$1,896$1,586$756
17 years$2,950$2,469$2,056$1,704$1,406$634
18 years$2,757$2,282$1,877$1,535$1,250$532
19 years$2,585$2,115$1,718$1,387$1,114$447
20 years$2,430$1,965$1,577$1,257$995$376
21 years$2,290$1,830$1,450$1,140$891$317
22 years$2,163$1,709$1,337$1,037$799$267
23 years$2,047$1,598$1,234$944$717$226
24 years$1,941$1,497$1,141$861$644$191
25 years$1,843$1,405$1,057$787$580$161
26 years$1,754$1,321$981$719$522$136
27 years$1,671$1,243$911$658$471$115
28 years$1,594$1,171$846$603$425$97
29 years$1,522$1,105$788$553$384$82
30 years$1,455$1,043$734$508$347$70
31 years$1,393$986$684$466$313$59
32 years$1,335$933$638$428$283$50
33 years$1,280$884$596$394$257$42
34 years$1,229$838$557$363$232$36
35 years$1,181$795$521$334$210$30
36 years$1,136$754$487$307$191$26
37 years$1,093$716$456$283$173$22
38 years$1,052$681$427$261$157$18
39 years$1,014$647$400$241$142$16
40 years$978$616$375$222$129$13
41 years$943$586$351$205$117$11
42 years$910$558$330$189$106$10
43 years$879$532$309$174$96$8
44 years$850$507$290$161$87$7
45 years$821$484$273$149$79$6
46 years$794$461$256$137$72$5
47 years$769$440$241$127$65$4
48 years$744$420$226$117$59$4
49 years$721$401$213$108$54$3
50 years$698$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $715,000, adding $4,082 every year, while hoping to spend $35,274 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: 58/27/15 Blend
54$715,000$715,000$715,000$715,000
55$792,141$754,246$743,163$834,812
56$835,408$753,672$730,528$863,577
57$881,906$751,889$716,287$890,676
58$931,927$748,798$700,350$919,396
59$985,793$744,299$682,620$949,899
60$1,043,855$738,281$663,000$982,365
61$1,106,502$730,630$641,384$1,016,991
62$1,174,158$721,223$617,663$1,054,000
63$1,247,291$709,932$591,723$1,093,634
64$1,326,414$696,619$563,446$1,136,166
65$1,412,093$681,137$532,706$1,181,895
66$1,504,948$663,335$499,373$1,231,156
67$1,605,662$643,048$463,312$1,284,317
68$1,714,987$620,104$424,379$1,341,788
69$1,833,747$594,321$382,427$1,404,021
70$1,962,851$565,504$337,301$1,471,519
71$2,103,299$533,451$288,838$1,544,837
72$2,256,190$497,945$236,868$1,624,592
73$2,422,734$458,757$181,216$1,711,464
74$2,604,263$415,646$121,696$1,806,208
75$2,802,241$368,356$58,117$1,909,657
76$3,018,282$316,618$0$2,022,736
77$3,254,161$260,147$0$2,148,024
78$3,511,832$198,640$0$2,295,121
79$3,793,447$131,781$0$2,455,999
80$4,101,373$59,234$0$2,632,079
81$4,438,219$0$0$2,824,925
82$4,806,857$0$0$3,042,018
83$5,210,448$0$0$3,299,022
84$5,652,474$0$0$3,580,562
85$6,136,769$0$0$3,889,087
86$6,667,556$0$0$4,227,296
87$7,249,485$0$0$4,598,160
88$7,887,679$0$0$5,004,953
89$8,587,780$0$0$5,451,278
90$9,356,001$0$0$5,941,107
91$10,199,187$0$0$6,478,814
92$11,124,877$0$0$7,069,215
93$12,141,378$0$0$7,717,618
94$13,257,836$0$0$8,429,870
95$14,484,332$0$0$9,212,411
96$15,831,967$0$0$10,072,335
97$17,312,974$0$0$11,017,460
98$18,940,827$0$0$12,056,397
99$20,730,371$0$0$13,198,633
100$22,697,963$0$0$14,454,621