Can I retire at age 55 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$59,870$59,337$58,816$58,308$57,813$57,209
2 years$29,639$29,087$28,552$28,033$27,530$26,922
3 years$19,563$19,008$18,475$17,961$17,466$16,873
4 years$14,526$13,973$13,445$12,940$12,457$11,883
5 years$11,504$10,955$10,434$9,939$9,470$8,916
6 years$9,491$8,946$8,432$7,948$7,493$6,961
7 years$8,053$7,513$7,007$6,535$6,094$5,584
8 years$6,975$6,440$5,943$5,482$5,055$4,567
9 years$6,138$5,607$5,118$4,669$4,257$3,791
10 years$5,468$4,942$4,462$4,025$3,627$3,182
11 years$4,920$4,400$3,929$3,503$3,120$2,695
12 years$4,464$3,949$3,486$3,073$2,704$2,299
13 years$4,078$3,569$3,115$2,713$2,358$1,973
14 years$3,748$3,244$2,799$2,408$2,067$1,702
15 years$3,462$2,963$2,527$2,147$1,820$1,474
16 years$3,212$2,719$2,291$1,923$1,608$1,281
17 years$2,992$2,504$2,085$1,728$1,426$1,116
18 years$2,796$2,314$1,903$1,557$1,268$975
19 years$2,621$2,144$1,742$1,407$1,130$854
20 years$2,464$1,993$1,599$1,274$1,009$749
21 years$2,322$1,856$1,471$1,156$903$658
22 years$2,193$1,733$1,355$1,051$810$579
23 years$2,076$1,620$1,252$958$727$510
24 years$1,968$1,518$1,157$873$653$450
25 years$1,869$1,425$1,072$798$588$397
26 years$1,778$1,339$994$729$530$351
27 years$1,694$1,260$923$668$477$310
28 years$1,616$1,188$858$612$431$274
29 years$1,543$1,120$799$561$389$243
30 years$1,476$1,058$744$515$351$215
31 years$1,413$1,000$694$473$318$191
32 years$1,354$946$647$434$287$169
33 years$1,298$896$604$400$260$150
34 years$1,246$849$565$368$236$133
35 years$1,198$806$528$338$213$118
36 years$1,151$765$494$312$193$105
37 years$1,108$726$462$287$175$93
38 years$1,067$690$433$265$159$82
39 years$1,028$656$405$244$144$73
40 years$991$624$380$225$131$65
41 years$956$594$356$208$119$58
42 years$923$566$334$192$108$51
43 years$891$539$314$177$98$45
44 years$861$514$294$163$89$40
45 years$833$490$276$151$80$36
46 years$805$468$260$139$73$32
47 years$779$446$244$129$66$28
48 years$754$426$229$119$60$25
49 years$731$407$215$110$55$22
50 years$708$389$203$102$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $725,000, adding $2,576 every year, while hoping to spend $22,160 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: 42/49/9 Blend
54$725,000$725,000$725,000$725,000
55$801,607$763,182$751,945$833,056
56$859,793$777,000$753,557$869,072
57$923,171$790,752$754,480$905,612
58$992,248$804,412$754,668$944,676
59$1,067,580$817,951$754,073$986,502
60$1,149,781$831,339$752,642$1,031,353
61$1,239,525$844,541$750,322$1,079,519
62$1,337,557$857,523$747,058$1,131,322
63$1,444,692$870,247$742,789$1,187,114
64$1,561,833$882,671$737,455$1,247,286
65$1,689,971$894,753$730,990$1,312,269
66$1,830,196$906,444$723,327$1,382,536
67$1,983,712$917,696$714,394$1,458,612
68$2,151,842$928,454$704,117$1,541,076
69$2,336,043$938,662$692,419$1,630,566
70$2,537,921$948,258$679,217$1,727,786
71$2,759,245$957,178$664,426$1,833,513
72$3,001,961$965,353$647,957$1,948,604
73$3,268,214$972,708$629,716$2,074,006
74$3,560,366$979,165$609,607$2,210,762
75$3,881,020$984,641$587,525$2,360,025
76$4,233,042$989,046$563,365$2,523,065
77$4,619,589$992,286$537,014$2,701,285
78$5,044,139$994,260$508,356$2,896,233
79$5,510,524$994,862$477,269$3,109,615
80$6,022,964$993,977$443,625$3,343,314
81$6,586,110$991,486$407,290$3,599,410
82$7,205,085$987,259$368,125$3,880,193
83$7,885,531$981,162$325,985$4,188,194
84$8,633,666$973,051$280,717$4,526,201
85$9,456,342$962,772$232,162$4,897,292
86$10,361,105$950,164$180,156$5,304,862
87$11,356,270$935,055$124,524$5,752,655
88$12,451,000$917,263$65,085$6,244,801
89$13,655,389$896,595$1,652$6,785,857
90$14,980,558$872,848$0$7,380,846
91$16,438,763$845,805$0$8,041,653
92$18,043,505$815,239$0$8,768,630
93$19,809,663$780,906$0$9,568,378
94$21,753,629$742,551$0$10,448,354
95$23,893,467$699,903$0$11,416,779
96$26,249,078$652,675$0$12,482,717
97$28,842,393$600,566$0$13,656,163
98$31,697,578$543,254$0$14,948,137
99$34,841,259$480,402$0$16,370,789
100$38,302,778$411,652$0$17,937,514