Can I retire at age 55 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$59,209$58,682$58,167$57,665$57,175$56,696
2 years$29,311$28,766$28,237$27,724$27,226$26,743
3 years$19,347$18,799$18,271$17,763$17,273$16,802
4 years$14,366$13,819$13,297$12,797$12,319$11,863
5 years$11,378$10,834$10,319$9,829$9,365$8,924
6 years$9,386$8,847$8,339$7,861$7,410$6,986
7 years$7,964$7,430$6,930$6,463$6,027$5,620
8 years$6,898$6,369$5,877$5,421$5,000$4,610
9 years$6,070$5,545$5,062$4,618$4,210$3,837
10 years$5,407$4,888$4,413$3,981$3,587$3,231
11 years$4,866$4,351$3,885$3,464$3,085$2,745
12 years$4,415$3,905$3,448$3,039$2,674$2,349
13 years$4,033$3,529$3,081$2,683$2,331$2,023
14 years$3,707$3,208$2,768$2,381$2,044$1,750
15 years$3,424$2,931$2,499$2,124$1,800$1,521
16 years$3,177$2,689$2,266$1,902$1,590$1,326
17 years$2,959$2,476$2,062$1,709$1,410$1,160
18 years$2,765$2,288$1,882$1,540$1,254$1,017
19 years$2,592$2,121$1,723$1,391$1,118$894
20 years$2,437$1,971$1,581$1,260$998$787
21 years$2,296$1,836$1,454$1,144$893$694
22 years$2,169$1,713$1,340$1,040$801$613
23 years$2,053$1,603$1,238$947$719$542
24 years$1,946$1,501$1,145$864$646$480
25 years$1,849$1,409$1,060$789$581$425
26 years$1,758$1,324$983$721$524$377
27 years$1,675$1,246$913$660$472$335
28 years$1,598$1,174$849$605$426$297
29 years$1,526$1,108$790$555$385$264
30 years$1,460$1,046$736$509$348$235
31 years$1,397$989$686$468$314$209
32 years$1,339$936$640$430$284$186
33 years$1,284$886$598$395$257$166
34 years$1,233$840$558$364$233$147
35 years$1,184$797$522$335$211$131
36 years$1,139$756$488$308$191$117
37 years$1,096$718$457$284$173$104
38 years$1,055$683$428$262$157$93
39 years$1,017$649$401$241$142$83
40 years$980$618$376$223$129$74
41 years$946$588$352$205$117$66
42 years$913$560$331$190$106$59
43 years$882$533$310$175$97$52
44 years$852$508$291$162$88$47
45 years$824$485$273$149$80$42
46 years$797$463$257$138$72$37
47 years$771$441$241$127$66$33
48 years$746$421$227$118$60$30
49 years$723$402$213$109$54$26
50 years$700$384$200$101$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $717,000, adding $3,743 every year, while hoping to spend $39,349 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: 52/20/28 Blend
54$717,000$717,000$717,000$717,000
55$793,995$755,994$744,880$828,873
56$833,115$751,171$727,967$848,687
57$874,907$744,792$709,168$865,952
58$919,602$736,741$688,379$883,957
59$967,452$726,892$665,490$902,788
60$1,018,735$715,112$640,387$922,545
61$1,073,756$701,263$612,950$943,337
62$1,132,849$685,195$583,054$965,288
63$1,196,382$666,751$550,568$988,539
64$1,264,755$645,765$515,355$1,013,246
65$1,338,413$622,061$477,273$1,039,583
66$1,417,841$595,451$436,171$1,067,747
67$1,503,572$565,739$391,894$1,097,958
68$1,596,192$532,716$344,278$1,130,460
69$1,696,346$496,162$293,154$1,165,527
70$1,804,743$455,843$238,344$1,203,465
71$1,922,159$411,512$179,661$1,244,615
72$2,049,453$362,910$116,913$1,289,355
73$2,187,564$309,759$49,896$1,338,111
74$2,337,528$251,770$0$1,391,352
75$2,500,483$188,634$0$1,456,063
76$2,677,683$120,027$0$1,542,695
77$2,870,505$45,607$0$1,637,044
78$3,080,465$0$0$1,739,901
79$3,309,231$0$0$1,859,842
80$3,558,641$0$0$2,001,615
81$3,830,714$0$0$2,156,338
82$4,127,675$0$0$2,325,286
83$4,451,973$0$0$2,509,860
84$4,806,301$0$0$2,711,604
85$5,193,629$0$0$2,932,216
86$5,617,222$0$0$3,173,568
87$6,080,677$0$0$3,437,719
88$6,587,956$0$0$3,726,937
89$7,143,419$0$0$4,043,721
90$7,751,870$0$0$4,390,820
91$8,418,597$0$0$4,771,265
92$9,149,425$0$0$5,188,391
93$9,950,769$0$0$5,645,874
94$10,829,696$0$0$6,147,761
95$11,793,988$0$0$6,698,509
96$12,852,218$0$0$7,303,029
97$14,013,826$0$0$7,966,730
98$15,289,216$0$0$8,695,571
99$16,689,843$0$0$9,496,115
100$18,228,330$0$0$10,375,593