Can I retire at age 55 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$59,622$59,091$58,573$58,067$57,573$56,783
2 years$29,516$28,966$28,433$27,917$27,416$26,621
3 years$19,482$18,930$18,398$17,887$17,394$16,619
4 years$14,466$13,915$13,389$12,886$12,405$11,657
5 years$11,457$10,910$10,391$9,898$9,430$8,710
6 years$9,452$8,909$8,397$7,915$7,462$6,771
7 years$8,020$7,481$6,978$6,508$6,069$5,407
8 years$6,947$6,413$5,918$5,459$5,034$4,402
9 years$6,112$5,584$5,097$4,650$4,240$3,637
10 years$5,445$4,922$4,444$4,008$3,612$3,038
11 years$4,900$4,382$3,912$3,488$3,107$2,561
12 years$4,445$3,933$3,472$3,060$2,692$2,174
13 years$4,061$3,554$3,102$2,701$2,348$1,856
14 years$3,732$3,230$2,787$2,398$2,058$1,592
15 years$3,448$2,951$2,516$2,139$1,812$1,371
16 years$3,199$2,708$2,282$1,915$1,601$1,185
17 years$2,979$2,494$2,076$1,720$1,420$1,027
18 years$2,784$2,304$1,895$1,551$1,263$892
19 years$2,610$2,135$1,735$1,401$1,125$777
20 years$2,454$1,984$1,592$1,269$1,005$677
21 years$2,312$1,848$1,465$1,152$900$592
22 years$2,184$1,725$1,350$1,047$806$517
23 years$2,067$1,614$1,246$954$724$453
24 years$1,960$1,512$1,153$870$651$397
25 years$1,861$1,419$1,068$794$585$348
26 years$1,771$1,334$990$726$527$306
27 years$1,687$1,255$919$665$475$269
28 years$1,609$1,183$855$609$429$236
29 years$1,537$1,116$795$559$387$208
30 years$1,470$1,054$741$513$350$183
31 years$1,407$996$691$471$316$161
32 years$1,348$942$644$433$286$142
33 years$1,293$892$602$398$259$125
34 years$1,241$846$562$366$235$110
35 years$1,193$802$526$337$212$97
36 years$1,147$761$492$310$192$85
37 years$1,103$723$460$286$174$75
38 years$1,062$687$431$264$158$66
39 years$1,024$654$404$243$143$58
40 years$987$622$378$224$130$52
41 years$952$592$355$207$118$45
42 years$919$564$333$191$107$40
43 years$888$537$312$176$97$35
44 years$858$512$293$163$88$31
45 years$829$488$275$150$80$27
46 years$802$466$259$139$73$24
47 years$776$444$243$128$66$21
48 years$751$424$228$118$60$19
49 years$728$405$215$109$54$17
50 years$705$387$202$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $722,000, adding $5,325 every year, while hoping to spend $44,654 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: 46/47/7 Blend
54$722,000$722,000$722,000$722,000
55$801,137$762,871$751,680$836,214
56$835,341$752,740$729,349$850,774
57$871,538$740,616$704,775$861,476
58$909,883$726,354$677,833$872,045
59$950,547$709,801$648,396$882,482
60$993,716$690,795$616,330$892,794
61$1,039,593$669,163$581,496$902,987
62$1,088,403$644,723$543,748$913,076
63$1,140,389$617,283$502,932$923,077
64$1,195,818$586,639$458,889$933,015
65$1,254,982$552,575$411,453$942,919
66$1,318,203$514,864$360,449$952,827
67$1,385,831$473,264$305,696$962,786
68$1,458,253$427,520$247,003$972,851
69$1,535,889$377,364$184,173$983,089
70$1,619,206$322,510$116,998$993,582
71$1,708,710$262,658$45,263$1,004,422
72$1,804,960$197,491$0$1,015,719
73$1,908,570$126,671$0$1,029,941
74$2,020,212$49,846$0$1,048,657
75$2,140,626$0$0$1,068,675
76$2,270,625$0$0$1,107,464
77$2,411,100$0$0$1,177,301
78$2,563,034$0$0$1,252,904
79$2,727,503$0$0$1,334,817
80$2,905,695$0$0$1,423,640
81$3,098,911$0$0$1,520,032
82$3,308,586$0$0$1,624,718
83$3,536,296$0$0$1,738,496
84$3,783,774$0$0$1,862,243
85$4,052,929$0$0$1,996,924
86$4,345,859$0$0$2,143,602
87$4,664,872$0$0$2,303,445
88$5,012,511$0$0$2,477,740
89$5,391,571$0$0$2,667,902
90$5,805,131$0$0$2,875,490
91$6,256,578$0$0$3,102,220
92$6,749,641$0$0$3,349,978
93$7,288,425$0$0$3,620,845
94$7,877,451$0$0$3,917,109
95$8,521,694$0$0$4,241,290
96$9,226,633$0$0$4,596,165
97$9,998,301$0$0$4,984,787
98$10,843,342$0$0$5,410,523
99$11,769,071$0$0$5,877,079
100$12,783,545$0$0$6,388,536