Can I retire at age 55 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$59,127$58,600$58,086$57,585$57,095$55,135
2 years$29,271$28,725$28,197$27,685$27,188$25,233
3 years$19,320$18,772$18,245$17,738$17,249$15,361
4 years$14,346$13,800$13,278$12,779$12,302$10,495
5 years$11,362$10,819$10,304$9,816$9,352$7,631
6 years$9,373$8,835$8,327$7,850$7,400$5,766
7 years$7,953$7,419$6,920$6,454$6,018$4,471
8 years$6,889$6,360$5,869$5,414$4,993$3,532
9 years$6,061$5,537$5,055$4,611$4,204$2,827
10 years$5,400$4,881$4,407$3,975$3,582$2,287
11 years$4,859$4,345$3,880$3,459$3,081$1,865
12 years$4,408$3,900$3,443$3,034$2,670$1,530
13 years$4,028$3,524$3,076$2,679$2,328$1,262
14 years$3,701$3,204$2,764$2,378$2,041$1,044
15 years$3,419$2,927$2,496$2,121$1,797$868
16 years$3,172$2,685$2,263$1,899$1,588$722
17 years$2,955$2,473$2,059$1,706$1,408$603
18 years$2,761$2,285$1,879$1,538$1,252$504
19 years$2,589$2,118$1,721$1,389$1,116$422
20 years$2,433$1,968$1,579$1,258$997$354
21 years$2,293$1,833$1,452$1,142$892$297
22 years$2,166$1,711$1,339$1,038$800$250
23 years$2,050$1,600$1,236$946$718$210
24 years$1,944$1,499$1,143$862$645$177
25 years$1,846$1,407$1,059$788$581$149
26 years$1,756$1,322$982$720$523$125
27 years$1,673$1,245$912$659$471$105
28 years$1,596$1,173$848$604$425$89
29 years$1,524$1,106$789$554$384$75
30 years$1,457$1,045$735$508$347$63
31 years$1,395$988$685$467$314$53
32 years$1,337$935$639$429$284$45
33 years$1,282$885$597$395$257$38
34 years$1,231$839$558$363$233$32
35 years$1,183$796$521$334$211$27
36 years$1,137$755$488$308$191$23
37 years$1,094$717$456$284$173$19
38 years$1,054$682$427$261$157$16
39 years$1,015$648$400$241$142$14
40 years$979$617$375$222$129$11
41 years$944$587$352$205$117$10
42 years$912$559$330$189$106$8
43 years$880$533$310$175$96$7
44 years$851$508$291$161$87$6
45 years$822$484$273$149$79$5
46 years$795$462$256$138$72$4
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$3
49 years$722$402$213$109$54$2
50 years$699$384$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $716,000, adding $5,461 every year, while hoping to spend $45,638 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: 59/12/29 Blend
54$716,000$716,000$716,000$716,000
55$794,665$756,717$745,619$834,977
56$827,162$745,238$722,039$851,700
57$861,445$731,666$696,139$864,635
58$897,646$715,852$667,794$877,806
59$935,913$697,635$636,872$891,249
60$976,404$676,848$603,235$905,004
61$1,019,294$653,309$566,739$919,120
62$1,064,772$626,832$527,235$933,651
63$1,113,046$597,214$484,565$948,661
64$1,164,344$564,245$438,566$964,221
65$1,218,914$527,700$389,065$980,413
66$1,277,028$487,342$335,883$997,331
67$1,338,984$442,921$278,834$1,015,082
68$1,405,108$394,172$217,723$1,033,785
69$1,475,758$340,814$152,345$1,053,576
70$1,551,324$282,553$82,488$1,074,611
71$1,632,237$219,076$7,929$1,097,061
72$1,718,967$150,053$0$1,121,122
73$1,812,032$75,136$0$1,169,182
74$1,911,998$0$0$1,223,378
75$2,019,487$0$0$1,282,408
76$2,135,182$0$0$1,356,667
77$2,259,835$0$0$1,436,718
78$2,394,268$0$0$1,523,098
79$2,539,387$0$0$1,616,392
80$2,696,186$0$0$1,717,248
81$2,865,759$0$0$1,826,375
82$3,049,308$0$0$1,944,553
83$3,248,152$0$0$2,072,639
84$3,463,745$0$0$2,211,577
85$3,697,683$0$0$2,362,404
86$3,951,723$0$0$2,526,260
87$4,227,797$0$0$2,704,401
88$4,528,029$0$0$2,898,207
89$4,854,759$0$0$3,109,196
90$5,210,559$0$0$3,339,041
91$5,598,259$0$0$3,589,580
92$6,020,976$0$0$3,862,838
93$6,482,138$0$0$4,161,042
94$6,985,520$0$0$4,486,645
95$7,535,277$0$0$4,842,347
96$8,135,981$0$0$5,231,120
97$8,792,669$0$0$5,656,235
98$9,510,884$0$0$6,121,295
99$10,296,729$0$0$6,630,268
100$11,156,927$0$0$7,187,521