Can I retire at age 55 with 721,000?

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 $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%14.9%
1 years$59,540$59,009$58,492$57,987$57,494$56,333
2 years$29,475$28,926$28,394$27,878$27,378$26,213
3 years$19,455$18,903$18,373$17,862$17,370$16,238
4 years$14,446$13,896$13,371$12,868$12,388$11,298
5 years$11,441$10,895$10,376$9,884$9,417$8,372
6 years$9,439$8,896$8,386$7,904$7,452$6,452
7 years$8,009$7,471$6,968$6,499$6,060$5,106
8 years$6,937$6,404$5,910$5,452$5,027$4,119
9 years$6,104$5,576$5,090$4,644$4,234$3,370
10 years$5,438$4,915$4,438$4,003$3,607$2,788
11 years$4,893$4,375$3,907$3,484$3,103$2,326
12 years$4,439$3,927$3,467$3,056$2,689$1,954
13 years$4,056$3,549$3,098$2,698$2,345$1,651
14 years$3,727$3,226$2,783$2,395$2,055$1,401
15 years$3,443$2,947$2,513$2,136$1,810$1,194
16 years$3,194$2,704$2,278$1,912$1,599$1,020
17 years$2,975$2,490$2,073$1,718$1,418$874
18 years$2,781$2,301$1,893$1,548$1,261$751
19 years$2,607$2,133$1,733$1,399$1,124$646
20 years$2,450$1,982$1,590$1,267$1,004$556
21 years$2,309$1,846$1,463$1,150$898$480
22 years$2,181$1,723$1,348$1,046$805$415
23 years$2,064$1,611$1,245$952$723$359
24 years$1,957$1,510$1,151$869$650$310
25 years$1,859$1,417$1,066$793$585$269
26 years$1,768$1,332$989$725$527$233
27 years$1,685$1,253$918$664$475$202
28 years$1,607$1,181$854$608$428$175
29 years$1,535$1,114$794$558$387$152
30 years$1,468$1,052$740$512$350$132
31 years$1,405$995$690$470$316$115
32 years$1,346$941$644$432$286$100
33 years$1,291$891$601$397$259$87
34 years$1,240$845$561$366$234$75
35 years$1,191$801$525$337$212$65
36 years$1,145$760$491$310$192$57
37 years$1,102$722$460$286$174$50
38 years$1,061$686$430$263$158$43
39 years$1,022$653$403$243$143$37
40 years$986$621$378$224$130$33
41 years$951$591$354$207$118$28
42 years$918$563$332$191$107$25
43 years$887$536$312$176$97$21
44 years$857$511$293$162$88$19
45 years$828$488$275$150$80$16
46 years$801$465$258$139$73$14
47 years$775$444$243$128$66$12
48 years$750$424$228$118$60$11
49 years$727$405$214$109$54$9
50 years$704$387$201$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $721,000, adding $4,980 every year, while hoping to spend $26,880 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: 75/20/5 Blend
54$721,000$721,000$721,000$721,000
55$799,679$761,466$750,290$859,009
56$852,646$770,178$746,825$907,403
57$910,115$778,415$742,343$956,477
58$972,516$786,127$736,781$1,009,464
59$1,040,324$793,259$730,074$1,066,742
60$1,114,060$799,751$722,154$1,128,724
61$1,194,296$805,541$712,949$1,195,868
62$1,281,665$810,563$702,383$1,268,678
63$1,376,860$814,746$690,378$1,347,710
64$1,480,646$818,015$676,852$1,433,574
65$1,593,863$820,289$661,718$1,526,945
66$1,717,437$821,483$644,886$1,628,565
67$1,852,388$821,508$626,261$1,739,252
68$1,999,836$820,266$605,746$1,859,909
69$2,161,017$817,657$583,236$1,991,529
70$2,337,290$813,572$558,624$2,135,209
71$2,530,152$807,895$531,796$2,292,154
72$2,741,252$800,506$502,635$2,463,697
73$2,972,404$791,275$471,018$2,651,304
74$3,225,607$780,066$436,815$2,856,592
75$3,503,063$766,733$399,892$3,081,342
76$3,807,195$751,122$360,108$3,327,519
77$4,140,673$733,071$317,316$3,597,288
78$4,506,438$712,408$271,362$3,893,035
79$4,907,728$688,950$222,087$4,217,390
80$5,348,112$662,504$169,322$4,573,254
81$5,831,519$632,866$112,893$4,963,822
82$6,362,276$599,819$52,618$5,392,618
83$6,945,154$563,135$0$5,863,524
84$7,585,403$522,572$0$6,381,445
85$8,288,811$477,875$0$6,953,512
86$9,061,752$428,773$0$7,582,127
87$9,911,248$374,981$0$8,273,033
88$10,845,037$316,197$0$9,032,562
89$11,871,642$252,102$0$9,867,692
90$13,000,454$182,359$0$10,786,114
91$14,241,818$106,612$0$11,796,304
92$15,607,134$24,487$0$12,907,604
93$17,108,961$0$0$14,130,312
94$18,761,135$0$0$15,489,954
95$20,578,905$0$0$16,991,832
96$22,579,066$0$0$18,644,442
97$24,780,130$0$0$20,463,080
98$27,202,488$0$0$22,464,602
99$29,868,614$0$0$24,667,579
100$32,803,265$0$0$27,092,475