Can I retire at age 55 with 715,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$59,044$58,518$58,005$57,504$57,015$55,547
2 years$29,230$28,685$28,158$27,646$27,150$25,680
3 years$19,293$18,746$18,220$17,713$17,225$15,800
4 years$14,325$13,780$13,259$12,761$12,285$10,916
5 years$11,346$10,804$10,290$9,802$9,339$8,029
6 years$9,360$8,822$8,316$7,839$7,390$6,141
7 years$7,942$7,409$6,910$6,445$6,010$4,822
8 years$6,879$6,351$5,861$5,406$4,986$3,858
9 years$6,053$5,530$5,048$4,605$4,199$3,130
10 years$5,392$4,874$4,401$3,969$3,577$2,567
11 years$4,852$4,339$3,874$3,455$3,077$2,123
12 years$4,402$3,895$3,438$3,030$2,666$1,767
13 years$4,022$3,519$3,072$2,675$2,325$1,479
14 years$3,696$3,199$2,760$2,375$2,038$1,243
15 years$3,414$2,922$2,492$2,118$1,794$1,049
16 years$3,168$2,681$2,259$1,896$1,586$888
17 years$2,950$2,469$2,056$1,704$1,406$753
18 years$2,757$2,282$1,877$1,535$1,250$640
19 years$2,585$2,115$1,718$1,387$1,114$545
20 years$2,430$1,965$1,577$1,257$995$464
21 years$2,290$1,830$1,450$1,140$891$397
22 years$2,163$1,709$1,337$1,037$799$339
23 years$2,047$1,598$1,234$944$717$290
24 years$1,941$1,497$1,141$861$644$248
25 years$1,843$1,405$1,057$787$580$213
26 years$1,754$1,321$981$719$522$182
27 years$1,671$1,243$911$658$471$156
28 years$1,594$1,171$846$603$425$134
29 years$1,522$1,105$788$553$384$115
30 years$1,455$1,043$734$508$347$99
31 years$1,393$986$684$466$313$85
32 years$1,335$933$638$428$283$73
33 years$1,280$884$596$394$257$62
34 years$1,229$838$557$363$232$54
35 years$1,181$795$521$334$210$46
36 years$1,136$754$487$307$191$40
37 years$1,093$716$456$283$173$34
38 years$1,052$681$427$261$157$29
39 years$1,014$647$400$241$142$25
40 years$978$616$375$222$129$22
41 years$943$586$351$205$117$19
42 years$910$558$330$189$106$16
43 years$879$532$309$174$96$14
44 years$850$507$290$161$87$12
45 years$821$484$273$149$79$10
46 years$794$461$256$137$72$9
47 years$769$440$241$127$65$7
48 years$744$420$226$117$59$6
49 years$721$401$213$108$54$6
50 years$698$383$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $715,000, adding $6,189 every year, while hoping to spend $53,611 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: 76/14/10 Blend
54$715,000$715,000$715,000$715,000
55$794,314$756,419$745,336$852,812
56$818,292$736,442$713,264$872,210
57$842,920$713,689$678,319$886,041
58$868,205$687,968$640,351$899,679
59$894,159$659,074$599,199$913,087
60$920,787$626,793$554,697$926,222
61$948,098$590,896$506,669$939,038
62$976,096$551,142$454,934$951,486
63$1,004,785$507,276$399,302$963,512
64$1,034,168$459,028$339,574$975,058
65$1,064,246$406,112$275,542$986,061
66$1,095,016$348,229$206,990$996,455
67$1,126,474$285,059$133,691$1,006,164
68$1,158,614$216,266$55,409$1,015,110
69$1,191,425$141,496$0$1,023,207
70$1,224,894$60,372$0$1,033,364
71$1,259,003$0$0$1,048,983
72$1,293,729$0$0$1,068,301
73$1,329,047$0$0$1,097,401
74$1,364,923$0$0$1,126,953
75$1,401,318$0$0$1,156,924
76$1,438,186$0$0$1,187,276
77$1,475,474$0$0$1,217,962
78$1,513,119$0$0$1,248,931
79$1,551,048$0$0$1,280,120
80$1,589,180$0$0$1,311,460
81$1,627,418$0$0$1,342,871
82$1,665,656$0$0$1,374,262
83$1,703,769$0$0$1,405,528
84$1,741,618$0$0$1,436,554
85$1,779,047$0$0$1,467,205
86$1,815,876$0$0$1,497,332
87$1,851,906$0$0$1,526,768
88$1,886,911$0$0$1,555,322
89$1,920,639$0$0$1,582,782
90$1,952,808$0$0$1,608,911
91$1,983,099$0$0$1,633,443
92$2,011,161$0$0$1,656,081
93$2,036,597$0$0$1,676,493
94$2,058,967$0$0$1,694,308
95$2,077,779$0$0$1,709,115
96$2,092,488$0$0$1,720,455
97$2,102,484$0$0$1,727,818
98$2,107,092$0$0$1,730,636
99$2,105,559$0$0$1,728,278
100$2,097,052$0$0$1,720,046