Can I retire at age 55 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$59,705$59,173$58,654$58,148$57,653$55,987
2 years$29,557$29,006$28,473$27,956$27,454$25,789
3 years$19,509$18,956$18,424$17,911$17,418$15,806
4 years$14,486$13,935$13,408$12,904$12,423$10,876
5 years$11,473$10,925$10,405$9,912$9,443$7,966
6 years$9,465$8,921$8,409$7,926$7,472$6,066
7 years$8,031$7,492$6,988$6,517$6,077$4,741
8 years$6,956$6,422$5,926$5,467$5,041$3,776
9 years$6,121$5,591$5,104$4,656$4,246$3,049
10 years$5,453$4,929$4,450$4,014$3,617$2,488
11 years$4,906$4,388$3,918$3,493$3,111$2,047
12 years$4,452$3,938$3,477$3,064$2,696$1,695
13 years$4,067$3,559$3,106$2,705$2,351$1,411
14 years$3,738$3,235$2,791$2,401$2,061$1,180
15 years$3,452$2,955$2,520$2,142$1,815$990
16 years$3,203$2,711$2,285$1,918$1,604$833
17 years$2,983$2,497$2,079$1,723$1,422$702
18 years$2,788$2,307$1,898$1,553$1,264$593
19 years$2,614$2,138$1,737$1,403$1,127$502
20 years$2,457$1,987$1,594$1,271$1,007$425
21 years$2,316$1,851$1,467$1,153$901$361
22 years$2,187$1,728$1,352$1,049$807$307
23 years$2,070$1,616$1,248$955$725$261
24 years$1,963$1,514$1,154$871$651$222
25 years$1,864$1,421$1,069$795$586$189
26 years$1,773$1,335$992$727$528$161
27 years$1,689$1,257$921$666$476$137
28 years$1,611$1,184$856$610$430$117
29 years$1,539$1,117$796$559$388$99
30 years$1,472$1,055$742$513$350$85
31 years$1,409$997$692$471$317$72
32 years$1,350$944$645$433$287$62
33 years$1,295$894$603$398$259$53
34 years$1,243$847$563$367$235$45
35 years$1,194$803$526$337$213$38
36 years$1,148$763$492$311$193$33
37 years$1,105$724$461$286$175$28
38 years$1,064$688$432$264$158$24
39 years$1,025$655$404$243$144$20
40 years$988$623$379$224$130$17
41 years$954$593$355$207$118$15
42 years$920$565$333$191$107$13
43 years$889$538$313$176$97$11
44 years$859$513$294$163$88$9
45 years$830$489$276$150$80$8
46 years$803$466$259$139$73$7
47 years$777$445$243$128$66$6
48 years$752$425$229$119$60$5
49 years$729$406$215$110$55$4
50 years$706$388$202$101$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $723,000, adding $3,609 every year, while hoping to spend $56,790 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: 52/21/27 Blend
54$723,000$723,000$723,000$723,000
55$800,469$762,150$750,943$835,872
56$821,692$739,071$715,676$837,751
57$843,178$712,958$677,323$833,747
58$864,891$683,602$635,723$828,256
59$886,794$650,783$590,704$821,162
60$908,842$614,266$542,087$812,337
61$930,984$573,805$489,688$801,646
62$953,162$529,140$433,310$788,945
63$975,310$479,992$372,751$774,077
64$997,351$426,072$307,798$756,876
65$1,019,202$367,071$238,230$737,164
66$1,040,765$302,662$163,816$714,749
67$1,061,933$232,501$84,313$689,426
68$1,082,582$156,226$0$660,975
69$1,102,576$73,452$0$629,312
70$1,121,760$0$0$619,961
71$1,139,963$0$0$612,164
72$1,156,993$0$0$620,628
73$1,172,632$0$0$628,256
74$1,186,643$0$0$634,908
75$1,198,756$0$0$640,429
76$1,208,673$0$0$644,647
77$1,216,063$0$0$647,370
78$1,220,556$0$0$648,386
79$1,221,741$0$0$647,458
80$1,219,163$0$0$644,322
81$1,212,316$0$0$638,687
82$1,200,637$0$0$630,230
83$1,183,504$0$0$618,592
84$1,160,226$0$0$603,375
85$1,130,037$0$0$584,140
86$1,092,091$0$0$560,397
87$1,045,448$0$0$531,608
88$989,070$0$0$497,176
89$921,805$0$0$456,438
90$842,384$0$0$408,665
91$749,397$0$0$353,047
92$641,290$0$0$288,692
93$516,344$0$0$214,610
94$372,656$0$0$129,711
95$208,127$0$0$32,789
96$20,436$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0