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%16.5%
1 years$59,705$59,173$58,654$58,148$57,653$56,123
2 years$29,557$29,006$28,473$27,956$27,454$25,923
3 years$19,509$18,956$18,424$17,911$17,418$15,934
4 years$14,486$13,935$13,408$12,904$12,423$10,997
5 years$11,473$10,925$10,405$9,912$9,443$8,080
6 years$9,465$8,921$8,409$7,926$7,472$6,173
7 years$8,031$7,492$6,988$6,517$6,077$4,842
8 years$6,956$6,422$5,926$5,467$5,041$3,869
9 years$6,121$5,591$5,104$4,656$4,246$3,136
10 years$5,453$4,929$4,450$4,014$3,617$2,568
11 years$4,906$4,388$3,918$3,493$3,111$2,121
12 years$4,452$3,938$3,477$3,064$2,696$1,764
13 years$4,067$3,559$3,106$2,705$2,351$1,474
14 years$3,738$3,235$2,791$2,401$2,061$1,237
15 years$3,452$2,955$2,520$2,142$1,815$1,042
16 years$3,203$2,711$2,285$1,918$1,604$881
17 years$2,983$2,497$2,079$1,723$1,422$746
18 years$2,788$2,307$1,898$1,553$1,264$633
19 years$2,614$2,138$1,737$1,403$1,127$538
20 years$2,457$1,987$1,594$1,271$1,007$458
21 years$2,316$1,851$1,467$1,153$901$391
22 years$2,187$1,728$1,352$1,049$807$333
23 years$2,070$1,616$1,248$955$725$285
24 years$1,963$1,514$1,154$871$651$243
25 years$1,864$1,421$1,069$795$586$208
26 years$1,773$1,335$992$727$528$178
27 years$1,689$1,257$921$666$476$152
28 years$1,611$1,184$856$610$430$130
29 years$1,539$1,117$796$559$388$112
30 years$1,472$1,055$742$513$350$96
31 years$1,409$997$692$471$317$82
32 years$1,350$944$645$433$287$70
33 years$1,295$894$603$398$259$60
34 years$1,243$847$563$367$235$52
35 years$1,194$803$526$337$213$44
36 years$1,148$763$492$311$193$38
37 years$1,105$724$461$286$175$33
38 years$1,064$688$432$264$158$28
39 years$1,025$655$404$243$144$24
40 years$988$623$379$224$130$21
41 years$954$593$355$207$118$18
42 years$920$565$333$191$107$15
43 years$889$538$313$176$97$13
44 years$859$513$294$163$88$11
45 years$830$489$276$150$80$10
46 years$803$466$259$139$73$8
47 years$777$445$243$128$66$7
48 years$752$425$229$119$60$6
49 years$729$406$215$110$55$5
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 $4,472 every year, while hoping to spend $36,246 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: 70/20/10 Blend
54$723,000$723,000$723,000$723,000
55$801,359$763,040$751,833$855,566
56$844,532$761,863$738,454$890,891
57$890,894$759,414$723,412$924,689
58$940,732$755,592$706,613$960,702
59$994,361$750,290$687,959$999,140
60$1,052,126$743,396$667,346$1,040,236
61$1,114,409$734,787$644,668$1,084,247
62$1,181,625$724,339$619,811$1,131,457
63$1,254,235$711,915$592,659$1,182,179
64$1,332,741$697,374$563,087$1,236,759
65$1,417,698$680,562$530,968$1,295,580
66$1,509,715$661,321$496,167$1,359,064
67$1,609,461$639,481$458,543$1,427,678
68$1,717,672$614,862$417,951$1,501,936
69$1,835,158$587,274$374,236$1,582,408
70$1,962,810$556,516$327,238$1,669,722
71$2,101,607$522,375$276,791$1,764,572
72$2,252,626$484,628$222,720$1,867,725
73$2,417,055$443,035$164,841$1,980,026
74$2,596,197$397,346$102,966$2,102,409
75$2,791,488$347,295$36,895$2,235,908
76$3,004,510$292,602$0$2,381,659
77$3,237,000$232,970$0$2,544,508
78$3,490,875$168,086$0$2,726,691
79$3,768,241$97,620$0$2,925,822
80$4,071,419$21,221$0$3,143,619
81$4,402,965$0$0$3,381,975
82$4,765,690$0$0$3,656,508
83$5,162,693$0$0$3,962,133
84$5,597,383$0$0$4,296,812
85$6,073,516$0$0$4,663,439
86$6,595,229$0$0$5,065,206
87$7,167,076$0$0$5,505,625
88$7,794,075$0$0$5,988,565
89$8,481,750$0$0$6,518,288
90$9,236,187$0$0$7,099,489
91$10,064,090$0$0$7,737,336
92$10,972,842$0$0$8,437,525
93$11,970,576$0$0$9,206,329
94$13,066,252$0$0$10,050,658
95$14,269,740$0$0$10,978,126
96$15,591,911$0$0$11,997,118
97$17,044,744$0$0$13,116,873
98$18,641,432$0$0$14,347,568
99$20,396,514$0$0$15,700,417
100$22,326,005$0$0$17,187,772