Can I retire at age 55 with 716,000?

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 $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%19.7%
1 years$59,127$58,600$58,086$57,585$57,095$54,873
2 years$29,271$28,725$28,197$27,685$27,188$24,976
3 years$19,320$18,772$18,245$17,738$17,249$15,117
4 years$14,346$13,800$13,278$12,779$12,302$10,266
5 years$11,362$10,819$10,304$9,816$9,352$7,417
6 years$9,373$8,835$8,327$7,850$7,400$5,568
7 years$7,953$7,419$6,920$6,454$6,018$4,288
8 years$6,889$6,360$5,869$5,414$4,993$3,363
9 years$6,061$5,537$5,055$4,611$4,204$2,673
10 years$5,400$4,881$4,407$3,975$3,582$2,145
11 years$4,859$4,345$3,880$3,459$3,081$1,736
12 years$4,408$3,900$3,443$3,034$2,670$1,413
13 years$4,028$3,524$3,076$2,679$2,328$1,155
14 years$3,701$3,204$2,764$2,378$2,041$948
15 years$3,419$2,927$2,496$2,121$1,797$781
16 years$3,172$2,685$2,263$1,899$1,588$645
17 years$2,955$2,473$2,059$1,706$1,408$534
18 years$2,761$2,285$1,879$1,538$1,252$442
19 years$2,589$2,118$1,721$1,389$1,116$367
20 years$2,433$1,968$1,579$1,258$997$305
21 years$2,293$1,833$1,452$1,142$892$253
22 years$2,166$1,711$1,339$1,038$800$211
23 years$2,050$1,600$1,236$946$718$176
24 years$1,944$1,499$1,143$862$645$146
25 years$1,846$1,407$1,059$788$581$122
26 years$1,756$1,322$982$720$523$102
27 years$1,673$1,245$912$659$471$85
28 years$1,596$1,173$848$604$425$71
29 years$1,524$1,106$789$554$384$59
30 years$1,457$1,045$735$508$347$49
31 years$1,395$988$685$467$314$41
32 years$1,337$935$639$429$284$34
33 years$1,282$885$597$395$257$29
34 years$1,231$839$558$363$233$24
35 years$1,183$796$521$334$211$20
36 years$1,137$755$488$308$191$17
37 years$1,094$717$456$284$173$14
38 years$1,054$682$427$261$157$12
39 years$1,015$648$400$241$142$10
40 years$979$617$375$222$129$8
41 years$944$587$352$205$117$7
42 years$912$559$330$189$106$6
43 years$880$533$310$175$96$5
44 years$851$508$291$161$87$4
45 years$822$484$273$149$79$3
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$2
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$200$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $716,000, adding $5,175 every year, while hoping to spend $21,730 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: 85/8/7 Blend
54$716,000$716,000$716,000$716,000
55$794,370$756,422$745,324$860,990
56$852,275$770,366$747,172$919,179
57$915,358$784,265$748,353$979,588
58$984,125$798,094$748,823$1,045,266
59$1,059,131$811,826$748,534$1,116,728
60$1,140,988$825,431$747,435$1,194,540
61$1,230,370$838,878$745,475$1,279,327
62$1,328,018$852,134$742,600$1,371,778
63$1,434,749$865,162$738,750$1,472,650
64$1,551,462$877,924$733,867$1,582,777
65$1,679,147$890,377$727,887$1,703,078
66$1,818,892$902,478$720,743$1,834,565
67$1,971,899$914,179$712,367$1,978,355
68$2,139,487$925,428$702,687$2,135,674
69$2,323,113$936,173$691,625$2,307,876
70$2,524,379$946,353$679,103$2,496,451
71$2,745,049$955,909$665,037$2,703,042
72$2,987,069$964,773$649,340$2,929,458
73$3,252,578$972,874$631,921$3,177,691
74$3,543,935$980,139$612,684$3,449,938
75$3,863,738$986,488$591,530$3,748,618
76$4,214,847$991,834$568,355$4,076,397
77$4,600,416$996,088$543,049$4,436,211
78$5,023,916$999,154$515,499$4,831,297
79$5,489,172$1,000,929$485,584$5,265,221
80$6,000,397$1,001,304$453,182$5,741,912
81$6,562,235$1,000,165$418,160$6,265,698
82$7,179,799$997,389$380,384$6,841,351
83$7,858,723$992,846$339,712$7,474,127
84$8,605,214$986,397$295,994$8,169,819
85$9,426,113$977,897$249,076$8,934,808
86$10,328,952$967,190$198,796$9,776,128
87$11,322,035$954,112$144,985$10,701,529
88$12,414,507$938,488$87,467$11,719,553
89$13,616,446$920,133$26,057$12,839,609
90$14,938,957$898,853$0$14,072,069
91$16,394,273$874,439$0$15,431,310
92$17,995,874$846,672$0$16,929,244
93$19,758,615$815,321$0$18,577,819
94$21,698,861$780,139$0$20,392,342
95$23,834,646$740,867$0$22,389,684
96$26,185,839$697,228$0$24,588,435
97$28,774,336$648,934$0$27,009,079
98$31,624,262$595,675$0$29,674,189
99$34,762,201$537,128$0$32,608,639
100$38,217,447$472,948$0$35,839,838