Can I retire at age 55 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$59,457$58,927$58,411$57,906$57,414$55,912
2 years$29,434$28,886$28,355$27,840$27,340$25,838
3 years$19,428$18,877$18,347$17,837$17,346$15,889
4 years$14,426$13,877$13,352$12,851$12,371$10,972
5 years$11,425$10,880$10,362$9,870$9,404$8,066
6 years$9,425$8,884$8,374$7,894$7,441$6,166
7 years$7,998$7,461$6,959$6,490$6,052$4,838
8 years$6,927$6,395$5,902$5,444$5,020$3,869
9 years$6,095$5,568$5,083$4,637$4,228$3,137
10 years$5,430$4,908$4,431$3,997$3,602$2,571
11 years$4,886$4,369$3,901$3,479$3,098$2,125
12 years$4,433$3,922$3,462$3,051$2,685$1,768
13 years$4,050$3,544$3,093$2,694$2,341$1,479
14 years$3,722$3,221$2,779$2,391$2,052$1,242
15 years$3,438$2,943$2,509$2,133$1,807$1,047
16 years$3,190$2,700$2,275$1,910$1,597$885
17 years$2,971$2,487$2,070$1,716$1,416$750
18 years$2,777$2,298$1,890$1,546$1,259$637
19 years$2,603$2,130$1,730$1,397$1,122$542
20 years$2,447$1,979$1,588$1,265$1,002$462
21 years$2,306$1,843$1,461$1,148$897$394
22 years$2,178$1,721$1,346$1,044$804$337
23 years$2,061$1,609$1,243$951$722$288
24 years$1,954$1,508$1,149$867$649$246
25 years$1,856$1,415$1,065$792$584$211
26 years$1,766$1,330$987$724$526$180
27 years$1,682$1,252$917$663$474$154
28 years$1,605$1,179$852$607$428$132
29 years$1,533$1,113$793$557$386$114
30 years$1,466$1,051$739$511$349$97
31 years$1,403$993$689$469$316$84
32 years$1,344$940$643$431$285$72
33 years$1,289$890$600$397$258$61
34 years$1,238$844$561$365$234$53
35 years$1,189$800$524$336$212$45
36 years$1,144$759$490$309$192$39
37 years$1,100$721$459$285$174$33
38 years$1,060$685$430$263$158$29
39 years$1,021$652$403$242$143$25
40 years$984$620$377$224$130$21
41 years$950$590$354$206$118$18
42 years$917$562$332$190$107$16
43 years$885$536$312$176$97$13
44 years$855$511$292$162$88$12
45 years$827$487$275$150$80$10
46 years$800$464$258$138$73$8
47 years$774$443$242$128$66$7
48 years$749$423$228$118$60$6
49 years$726$404$214$109$54$5
50 years$703$386$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $720,000, adding $2,847 every year, while hoping to spend $48,981 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: 56/36/8 Blend
54$720,000$720,000$720,000$720,000
55$796,377$758,217$747,057$839,332
56$825,492$743,254$719,968$853,673
57$855,935$725,916$690,330$863,589
58$887,790$706,036$658,005$873,198
59$921,147$683,434$622,851$882,477
60$956,105$657,924$584,718$891,404
61$992,771$629,305$543,449$899,955
62$1,031,259$597,367$498,880$908,109
63$1,071,696$561,886$450,841$915,846
64$1,114,218$522,627$399,153$923,145
65$1,158,973$479,341$343,629$929,990
66$1,206,123$431,763$284,075$936,364
67$1,255,843$379,615$220,288$942,254
68$1,308,326$322,603$152,054$947,650
69$1,363,781$260,416$79,153$952,544
70$1,422,434$192,725$1,353$956,935
71$1,484,537$119,182$0$960,826
72$1,550,360$39,422$0$971,197
73$1,620,200$0$0$981,668
74$1,694,382$0$0$1,010,765
75$1,773,263$0$0$1,058,346
76$1,857,230$0$0$1,109,030
77$1,946,708$0$0$1,163,081
78$2,042,165$0$0$1,220,783
79$2,144,111$0$0$1,282,453
80$2,253,105$0$0$1,348,432
81$2,369,761$0$0$1,419,100
82$2,494,751$0$0$1,494,869
83$2,628,813$0$0$1,576,193
84$2,772,757$0$0$1,663,572
85$2,927,471$0$0$1,757,551
86$3,093,930$0$0$1,858,731
87$3,273,206$0$0$1,967,772
88$3,466,474$0$0$2,085,398
89$3,675,027$0$0$2,212,404
90$3,900,283$0$0$2,349,666
91$4,143,804$0$0$2,498,143
92$4,407,303$0$0$2,658,892
93$4,692,665$0$0$2,833,075
94$5,001,962$0$0$3,021,969
95$5,337,473$0$0$3,226,976
96$5,701,704$0$0$3,449,643
97$6,097,409$0$0$3,691,668
98$6,527,622$0$0$3,954,919
99$6,995,678$0$0$4,241,453
100$7,505,245$0$0$4,553,533