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%17.5%
1 years$59,622$59,091$58,573$58,067$57,573$55,820
2 years$29,516$28,966$28,433$27,917$27,416$25,664
3 years$19,482$18,930$18,398$17,887$17,394$15,699
4 years$14,466$13,915$13,389$12,886$12,405$10,780
5 years$11,457$10,910$10,391$9,898$9,430$7,880
6 years$9,452$8,909$8,397$7,915$7,462$5,987
7 years$8,020$7,481$6,978$6,508$6,069$4,669
8 years$6,947$6,413$5,918$5,459$5,034$3,710
9 years$6,112$5,584$5,097$4,650$4,240$2,988
10 years$5,445$4,922$4,444$4,008$3,612$2,432
11 years$4,900$4,382$3,912$3,488$3,107$1,996
12 years$4,445$3,933$3,472$3,060$2,692$1,649
13 years$4,061$3,554$3,102$2,701$2,348$1,369
14 years$3,732$3,230$2,787$2,398$2,058$1,141
15 years$3,448$2,951$2,516$2,139$1,812$954
16 years$3,199$2,708$2,282$1,915$1,601$801
17 years$2,979$2,494$2,076$1,720$1,420$673
18 years$2,784$2,304$1,895$1,551$1,263$567
19 years$2,610$2,135$1,735$1,401$1,125$478
20 years$2,454$1,984$1,592$1,269$1,005$404
21 years$2,312$1,848$1,465$1,152$900$342
22 years$2,184$1,725$1,350$1,047$806$290
23 years$2,067$1,614$1,246$954$724$245
24 years$1,960$1,512$1,153$870$651$208
25 years$1,861$1,419$1,068$794$585$176
26 years$1,771$1,334$990$726$527$150
27 years$1,687$1,255$919$665$475$127
28 years$1,609$1,183$855$609$429$108
29 years$1,537$1,116$795$559$387$92
30 years$1,470$1,054$741$513$350$78
31 years$1,407$996$691$471$316$66
32 years$1,348$942$644$433$286$56
33 years$1,293$892$602$398$259$48
34 years$1,241$846$562$366$235$41
35 years$1,193$802$526$337$212$35
36 years$1,147$761$492$310$192$29
37 years$1,103$723$460$286$174$25
38 years$1,062$687$431$264$158$21
39 years$1,024$654$404$243$143$18
40 years$987$622$378$224$130$15
41 years$952$592$355$207$118$13
42 years$919$564$333$191$107$11
43 years$888$537$312$176$97$10
44 years$858$512$293$163$88$8
45 years$829$488$275$150$80$7
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$5
48 years$751$424$228$118$60$4
49 years$728$405$215$109$54$4
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $722,000, adding $4,868 every year, while hoping to spend $51,970 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: 77/5/18 Blend
54$722,000$722,000$722,000$722,000
55$800,665$762,399$751,208$858,695
56$827,038$744,461$721,078$879,775
57$854,358$723,902$688,197$895,914
58$882,668$700,539$652,417$912,211
59$912,013$674,178$613,586$928,666
60$942,439$644,614$571,542$945,279
61$973,997$611,629$526,117$962,048
62$1,006,740$574,994$477,137$978,975
63$1,040,724$534,466$424,418$996,062
64$1,076,011$489,787$367,769$1,013,311
65$1,112,664$440,687$306,990$1,030,725
66$1,150,754$386,879$241,872$1,048,310
67$1,190,354$328,059$172,198$1,066,072
68$1,231,543$263,906$97,739$1,084,019
69$1,274,405$194,083$18,259$1,102,162
70$1,319,034$118,232$0$1,120,513
71$1,365,525$35,976$0$1,151,872
72$1,413,985$0$0$1,188,046
73$1,464,527$0$0$1,228,520
74$1,517,273$0$0$1,272,830
75$1,572,355$0$0$1,319,109
76$1,629,916$0$0$1,367,476
77$1,690,109$0$0$1,418,061
78$1,753,100$0$0$1,471,006
79$1,819,071$0$0$1,526,463
80$1,888,217$0$0$1,584,597
81$1,960,748$0$0$1,645,588
82$2,036,896$0$0$1,709,630
83$2,116,910$0$0$1,776,933
84$2,201,060$0$0$1,847,729
85$2,289,644$0$0$1,922,267
86$2,382,981$0$0$2,000,819
87$2,481,422$0$0$2,083,681
88$2,585,348$0$0$2,171,177
89$2,695,176$0$0$2,263,658
90$2,811,359$0$0$2,361,510
91$2,934,393$0$0$2,465,152
92$3,064,819$0$0$2,575,042
93$3,203,228$0$0$2,691,683
94$3,350,269$0$0$2,815,621
95$3,506,647$0$0$2,947,457
96$3,673,137$0$0$3,087,846
97$3,850,586$0$0$3,237,507
98$4,039,923$0$0$3,397,226
99$4,242,165$0$0$3,567,866
100$4,458,426$0$0$3,750,371