Can I retire at age 55 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$59,292$58,764$58,248$57,745$57,254$56,562
2 years$29,352$28,806$28,276$27,762$27,264$26,568
3 years$19,374$18,825$18,296$17,788$17,297$16,618
4 years$14,386$13,838$13,315$12,815$12,337$11,680
5 years$11,393$10,849$10,333$9,843$9,378$8,746
6 years$9,399$8,859$8,351$7,872$7,421$6,813
7 years$7,975$7,440$6,939$6,472$6,035$5,453
8 years$6,908$6,377$5,885$5,429$5,007$4,450
9 years$6,078$5,553$5,069$4,624$4,216$3,685
10 years$5,415$4,894$4,419$3,986$3,592$3,086
11 years$4,872$4,357$3,891$3,469$3,090$2,607
12 years$4,421$3,911$3,453$3,043$2,677$2,219
13 years$4,039$3,534$3,085$2,686$2,335$1,899
14 years$3,712$3,213$2,772$2,385$2,047$1,634
15 years$3,429$2,935$2,503$2,127$1,802$1,411
16 years$3,181$2,693$2,269$1,904$1,593$1,223
17 years$2,963$2,480$2,065$1,711$1,412$1,063
18 years$2,769$2,291$1,885$1,542$1,256$926
19 years$2,596$2,124$1,725$1,393$1,119$808
20 years$2,440$1,973$1,583$1,262$1,000$707
21 years$2,300$1,838$1,456$1,145$895$619
22 years$2,172$1,716$1,342$1,041$802$543
23 years$2,056$1,605$1,239$948$720$477
24 years$1,949$1,504$1,146$865$647$420
25 years$1,851$1,411$1,062$790$582$369
26 years$1,761$1,326$985$722$524$325
27 years$1,678$1,248$914$661$473$286
28 years$1,600$1,176$850$606$427$253
29 years$1,528$1,109$791$555$385$223
30 years$1,462$1,048$737$510$348$197
31 years$1,399$990$687$468$315$174
32 years$1,341$937$641$430$285$153
33 years$1,286$888$598$396$258$136
34 years$1,234$841$559$364$233$120
35 years$1,186$798$523$335$211$106
36 years$1,140$757$489$309$191$94
37 years$1,097$719$458$284$173$83
38 years$1,057$684$429$262$157$73
39 years$1,018$650$402$242$143$65
40 years$982$618$376$223$129$57
41 years$947$589$353$206$117$51
42 years$914$561$331$190$106$45
43 years$883$534$311$175$97$40
44 years$853$509$292$162$88$35
45 years$825$486$274$149$80$31
46 years$798$463$257$138$72$28
47 years$772$442$242$128$66$24
48 years$747$422$227$118$60$22
49 years$724$403$213$109$54$19
50 years$701$385$201$101$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $718,000, adding $3,732 every year, while hoping to spend $30,099 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: 53/40/7 Blend
54$718,000$718,000$718,000$718,000
55$795,086$757,032$745,903$835,698
56$844,159$762,101$738,865$868,704
57$897,230$766,410$730,583$900,986
58$954,672$769,890$720,983$935,381
59$1,016,901$772,466$709,988$972,094
60$1,084,370$774,062$697,518$1,011,351
61$1,157,579$774,594$683,488$1,053,405
62$1,237,077$773,975$667,810$1,098,532
63$1,323,469$772,109$650,391$1,147,039
64$1,417,419$768,899$631,136$1,199,267
65$1,519,660$764,239$609,943$1,255,591
66$1,630,995$758,016$586,706$1,316,427
67$1,752,311$750,114$561,315$1,382,234
68$1,884,582$740,405$533,654$1,453,522
69$2,028,881$728,756$503,604$1,530,851
70$2,186,389$715,028$471,037$1,614,843
71$2,358,406$699,069$435,821$1,706,185
72$2,546,361$680,722$397,820$1,805,637
73$2,751,832$659,819$356,888$1,914,038
74$2,976,551$636,182$312,876$2,032,315
75$3,222,429$609,624$265,627$2,161,495
76$3,491,567$579,947$214,976$2,302,709
77$3,786,282$546,939$160,753$2,457,210
78$4,109,123$510,380$102,779$2,626,381
79$4,462,898$470,033$40,866$2,811,750
80$4,850,700$425,650$0$3,015,005
81$5,275,933$376,969$0$3,239,892
82$5,742,350$323,712$0$3,489,969
83$6,254,082$265,586$0$3,764,470
84$6,815,680$202,282$0$4,065,923
85$7,432,157$133,471$0$4,397,118
86$8,109,035$58,809$0$4,761,136
87$8,852,397$0$0$5,161,377
88$9,668,943$0$0$5,611,306
89$10,566,055$0$0$6,134,141
90$11,551,865$0$0$6,708,746
91$12,635,332$0$0$7,340,351
92$13,826,326$0$0$8,034,721
93$15,135,720$0$0$8,798,204
94$16,575,495$0$0$9,637,797
95$18,158,848$0$0$10,561,207
96$19,900,322$0$0$11,576,926
97$21,815,939$0$0$12,694,310
98$23,923,350$0$0$13,923,668
99$26,242,006$0$0$15,276,359
100$28,793,337$0$0$16,764,897