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%14.5%
1 years$59,540$59,009$58,492$57,987$57,494$56,425
2 years$29,475$28,926$28,394$27,878$27,378$26,305
3 years$19,455$18,903$18,373$17,862$17,370$16,327
4 years$14,446$13,896$13,371$12,868$12,388$11,383
5 years$11,441$10,895$10,376$9,884$9,417$8,452
6 years$9,439$8,896$8,386$7,904$7,452$6,528
7 years$8,009$7,471$6,968$6,499$6,060$5,178
8 years$6,937$6,404$5,910$5,452$5,027$4,187
9 years$6,104$5,576$5,090$4,644$4,234$3,434
10 years$5,438$4,915$4,438$4,003$3,607$2,848
11 years$4,893$4,375$3,907$3,484$3,103$2,382
12 years$4,439$3,927$3,467$3,056$2,689$2,006
13 years$4,056$3,549$3,098$2,698$2,345$1,700
14 years$3,727$3,226$2,783$2,395$2,055$1,446
15 years$3,443$2,947$2,513$2,136$1,810$1,235
16 years$3,194$2,704$2,278$1,912$1,599$1,059
17 years$2,975$2,490$2,073$1,718$1,418$910
18 years$2,781$2,301$1,893$1,548$1,261$784
19 years$2,607$2,133$1,733$1,399$1,124$676
20 years$2,450$1,982$1,590$1,267$1,004$584
21 years$2,309$1,846$1,463$1,150$898$506
22 years$2,181$1,723$1,348$1,046$805$438
23 years$2,064$1,611$1,245$952$723$380
24 years$1,957$1,510$1,151$869$650$330
25 years$1,859$1,417$1,066$793$585$287
26 years$1,768$1,332$989$725$527$249
27 years$1,685$1,253$918$664$475$217
28 years$1,607$1,181$854$608$428$189
29 years$1,535$1,114$794$558$387$164
30 years$1,468$1,052$740$512$350$143
31 years$1,405$995$690$470$316$125
32 years$1,346$941$644$432$286$109
33 years$1,291$891$601$397$259$95
34 years$1,240$845$561$366$234$83
35 years$1,191$801$525$337$212$72
36 years$1,145$760$491$310$192$63
37 years$1,102$722$460$286$174$55
38 years$1,061$686$430$263$158$48
39 years$1,022$653$403$243$143$42
40 years$986$621$378$224$130$37
41 years$951$591$354$207$118$32
42 years$918$563$332$191$107$28
43 years$887$536$312$176$97$24
44 years$857$511$293$162$88$21
45 years$828$488$275$150$80$19
46 years$801$465$258$139$73$16
47 years$775$444$243$128$66$14
48 years$750$424$228$118$60$12
49 years$727$405$214$109$54$11
50 years$704$387$201$101$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $721,000, adding $3,507 every year, while hoping to spend $43,858 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: 68/7/25 Blend
54$721,000$721,000$721,000$721,000
55$798,159$759,946$748,771$847,082
56$832,907$750,519$727,190$870,933
57$869,729$739,160$703,417$891,669
58$908,791$725,728$677,330$913,337
59$950,273$710,074$648,806$936,029
60$994,373$692,040$617,713$959,849
61$1,041,306$671,458$583,914$984,910
62$1,091,311$648,151$547,267$1,011,341
63$1,144,646$621,931$507,621$1,039,283
64$1,201,594$592,600$464,821$1,068,893
65$1,262,467$559,948$418,703$1,100,349
66$1,327,606$523,753$369,097$1,133,845
67$1,397,385$483,780$315,825$1,169,597
68$1,472,214$439,780$258,700$1,207,848
69$1,552,542$391,492$197,530$1,248,866
70$1,638,865$338,638$132,110$1,292,947
71$1,731,723$280,925$62,229$1,340,421
72$1,831,711$218,044$0$1,391,657
73$1,939,484$149,666$0$1,450,352
74$2,055,760$75,448$0$1,531,593
75$2,181,327$0$0$1,619,327
76$2,317,052$0$0$1,714,558
77$2,463,887$0$0$1,823,905
78$2,622,881$0$0$1,942,342
79$2,795,183$0$0$2,070,730
80$2,982,061$0$0$2,210,017
81$3,184,906$0$0$2,361,245
82$3,405,249$0$0$2,525,561
83$3,644,775$0$0$2,704,227
84$3,905,337$0$0$2,898,631
85$4,188,973$0$0$3,110,298
86$4,497,926$0$0$3,340,910
87$4,834,666$0$0$3,592,315
88$5,201,909$0$0$3,866,548
89$5,602,644$0$0$4,165,850
90$6,040,165$0$0$4,492,685
91$6,518,092$0$0$4,849,767
92$7,040,417$0$0$5,240,085
93$7,611,528$0$0$5,666,928
94$8,236,263$0$0$6,133,918
95$8,919,943$0$0$6,645,044
96$9,668,432$0$0$7,204,697
97$10,488,184$0$0$7,817,712
98$11,386,309$0$0$8,489,417
99$12,370,635$0$0$9,225,676
100$13,449,784$0$0$10,032,949