Can I retire at age 55 with 718,000?

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 $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 $5,287 every year, while hoping to spend $25,350 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: 51/23/26 Blend
54$718,000$718,000$718,000$718,000
55$796,690$758,636$747,507$831,261
56$850,980$768,836$745,576$866,050
57$909,958$778,688$742,731$900,871
58$974,075$788,145$738,914$938,225
59$1,043,829$797,162$734,065$978,366
60$1,119,765$805,688$728,122$1,021,571
61$1,202,484$813,670$721,018$1,068,147
62$1,292,649$821,052$712,683$1,118,434
63$1,390,987$827,771$703,046$1,172,807
64$1,498,300$833,764$692,030$1,231,681
65$1,615,470$838,962$679,557$1,295,514
66$1,743,468$843,292$665,542$1,364,811
67$1,883,363$846,675$649,899$1,440,131
68$2,036,333$849,028$632,538$1,522,092
69$2,203,673$850,265$613,362$1,611,374
70$2,386,810$850,290$592,272$1,708,732
71$2,587,316$849,005$569,163$1,814,995
72$2,806,920$846,304$543,928$1,931,081
73$3,047,528$842,075$516,452$2,058,005
74$3,311,239$836,200$486,616$2,196,885
75$3,600,363$828,552$454,296$2,348,955
76$3,917,447$818,997$419,362$2,515,581
77$4,265,293$807,395$381,677$2,698,265
78$4,646,990$793,594$341,100$2,898,671
79$5,065,939$777,437$297,483$3,118,631
80$5,525,887$758,753$250,671$3,360,169
81$6,030,961$737,366$200,502$3,625,519
82$6,585,708$713,086$146,808$3,917,144
83$7,195,136$685,713$89,412$4,237,765
84$7,864,764$655,036$28,131$4,590,382
85$8,600,668$620,831$0$4,978,305
86$9,409,546$582,862$0$5,415,527
87$10,298,775$540,878$0$5,904,738
88$11,276,483$494,614$0$6,442,631
89$12,351,626$443,792$0$7,034,170
90$13,534,069$388,114$0$7,684,828
91$14,834,682$327,270$0$8,400,639
92$16,265,442$260,929$0$9,188,254
93$17,839,545$188,742$0$10,055,004
94$19,571,529$110,341$0$11,008,971
95$21,477,415$25,338$0$12,059,066
96$23,574,854$0$0$13,215,107
97$25,883,293$0$0$14,504,797
98$28,424,163$0$0$15,931,489
99$31,221,077$0$0$17,502,042
100$34,300,051$0$0$19,231,075