Can I retire at age 55 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$59,540$59,009$58,492$57,987$57,494$55,498
2 years$29,475$28,926$28,394$27,878$27,378$25,388
3 years$19,455$18,903$18,373$17,862$17,370$15,448
4 years$14,446$13,896$13,371$12,868$12,388$10,549
5 years$11,441$10,895$10,376$9,884$9,417$7,666
6 years$9,439$8,896$8,386$7,904$7,452$5,790
7 years$8,009$7,471$6,968$6,499$6,060$4,487
8 years$6,937$6,404$5,910$5,452$5,027$3,542
9 years$6,104$5,576$5,090$4,644$4,234$2,834
10 years$5,438$4,915$4,438$4,003$3,607$2,291
11 years$4,893$4,375$3,907$3,484$3,103$1,867
12 years$4,439$3,927$3,467$3,056$2,689$1,530
13 years$4,056$3,549$3,098$2,698$2,345$1,261
14 years$3,727$3,226$2,783$2,395$2,055$1,043
15 years$3,443$2,947$2,513$2,136$1,810$866
16 years$3,194$2,704$2,278$1,912$1,599$721
17 years$2,975$2,490$2,073$1,718$1,418$601
18 years$2,781$2,301$1,893$1,548$1,261$502
19 years$2,607$2,133$1,733$1,399$1,124$420
20 years$2,450$1,982$1,590$1,267$1,004$352
21 years$2,309$1,846$1,463$1,150$898$295
22 years$2,181$1,723$1,348$1,046$805$248
23 years$2,064$1,611$1,245$952$723$208
24 years$1,957$1,510$1,151$869$650$175
25 years$1,859$1,417$1,066$793$585$147
26 years$1,768$1,332$989$725$527$124
27 years$1,685$1,253$918$664$475$104
28 years$1,607$1,181$854$608$428$88
29 years$1,535$1,114$794$558$387$74
30 years$1,468$1,052$740$512$350$62
31 years$1,405$995$690$470$316$52
32 years$1,346$941$644$432$286$44
33 years$1,291$891$601$397$259$37
34 years$1,240$845$561$366$234$31
35 years$1,191$801$525$337$212$26
36 years$1,145$760$491$310$192$22
37 years$1,102$722$460$286$174$19
38 years$1,061$686$430$263$158$16
39 years$1,022$653$403$243$143$13
40 years$986$621$378$224$130$11
41 years$951$591$354$207$118$9
42 years$918$563$332$191$107$8
43 years$887$536$312$176$97$7
44 years$857$511$293$162$88$6
45 years$828$488$275$150$80$5
46 years$801$465$258$139$73$4
47 years$775$444$243$128$66$3
48 years$750$424$228$118$60$3
49 years$727$405$214$109$54$2
50 years$704$387$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $721,000, adding $2,941 every year, while hoping to spend $55,129 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: 52/26/22 Blend
54$721,000$721,000$721,000$721,000
55$797,576$759,363$748,187$834,045
56$820,272$737,915$714,595$838,075
57$843,435$713,568$678,029$836,530
58$867,055$686,122$638,333$833,693
59$891,118$655,366$595,340$829,462
60$915,608$621,075$548,880$823,728
61$940,504$583,011$498,772$816,373
62$965,782$540,925$444,827$807,272
63$991,412$494,552$386,849$796,292
64$1,017,361$443,610$324,634$783,290
65$1,043,589$387,804$257,967$768,114
66$1,070,050$326,821$186,623$750,602
67$1,096,690$260,330$110,370$730,580
68$1,123,449$187,982$28,963$707,862
69$1,150,256$109,409$0$682,251
70$1,177,032$24,220$0$667,128
71$1,203,687$0$0$656,811
72$1,230,119$0$0$663,772
73$1,256,212$0$0$677,429
74$1,281,836$0$0$690,776
75$1,306,844$0$0$703,728
76$1,331,073$0$0$716,190
77$1,354,337$0$0$728,054
78$1,376,431$0$0$739,201
79$1,397,122$0$0$749,498
80$1,416,153$0$0$758,793
81$1,433,236$0$0$766,922
82$1,448,049$0$0$773,697
83$1,460,235$0$0$778,914
84$1,469,395$0$0$782,340
85$1,475,086$0$0$783,721
86$1,476,816$0$0$782,773
87$1,474,038$0$0$779,181
88$1,466,143$0$0$772,594
89$1,452,458$0$0$762,623
90$1,432,236$0$0$748,840
91$1,404,647$0$0$730,766
92$1,368,774$0$0$707,873
93$1,323,598$0$0$679,576
94$1,267,993$0$0$645,227
95$1,200,713$0$0$604,109
96$1,120,376$0$0$555,429
97$1,025,457$0$0$498,309
98$914,266$0$0$431,778
99$784,936$0$0$354,765
100$635,403$0$0$266,083