Can I retire at age 55 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$59,870$59,337$58,816$58,308$57,813$56,255
2 years$29,639$29,087$28,552$28,033$27,530$25,972
3 years$19,563$19,008$18,475$17,961$17,466$15,956
4 years$14,526$13,973$13,445$12,940$12,457$11,007
5 years$11,504$10,955$10,434$9,939$9,470$8,084
6 years$9,491$8,946$8,432$7,948$7,493$6,172
7 years$8,053$7,513$7,007$6,535$6,094$4,838
8 years$6,975$6,440$5,943$5,482$5,055$3,864
9 years$6,138$5,607$5,118$4,669$4,257$3,130
10 years$5,468$4,942$4,462$4,025$3,627$2,562
11 years$4,920$4,400$3,929$3,503$3,120$2,115
12 years$4,464$3,949$3,486$3,073$2,704$1,757
13 years$4,078$3,569$3,115$2,713$2,358$1,468
14 years$3,748$3,244$2,799$2,408$2,067$1,231
15 years$3,462$2,963$2,527$2,147$1,820$1,036
16 years$3,212$2,719$2,291$1,923$1,608$875
17 years$2,992$2,504$2,085$1,728$1,426$741
18 years$2,796$2,314$1,903$1,557$1,268$628
19 years$2,621$2,144$1,742$1,407$1,130$533
20 years$2,464$1,993$1,599$1,274$1,009$454
21 years$2,322$1,856$1,471$1,156$903$387
22 years$2,193$1,733$1,355$1,051$810$330
23 years$2,076$1,620$1,252$958$727$281
24 years$1,968$1,518$1,157$873$653$240
25 years$1,869$1,425$1,072$798$588$205
26 years$1,778$1,339$994$729$530$175
27 years$1,694$1,260$923$668$477$150
28 years$1,616$1,188$858$612$431$128
29 years$1,543$1,120$799$561$389$110
30 years$1,476$1,058$744$515$351$94
31 years$1,413$1,000$694$473$318$81
32 years$1,354$946$647$434$287$69
33 years$1,298$896$604$400$260$59
34 years$1,246$849$565$368$236$51
35 years$1,198$806$528$338$213$43
36 years$1,151$765$494$312$193$37
37 years$1,108$726$462$287$175$32
38 years$1,067$690$433$265$159$27
39 years$1,028$656$405$244$144$23
40 years$991$624$380$225$131$20
41 years$956$594$356$208$119$17
42 years$923$566$334$192$108$15
43 years$891$539$314$177$98$13
44 years$861$514$294$163$89$11
45 years$833$490$276$151$80$9
46 years$805$468$260$139$73$8
47 years$779$446$244$129$66$7
48 years$754$426$229$119$60$6
49 years$731$407$215$110$55$5
50 years$708$389$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $725,000, adding $3,358 every year, while hoping to spend $46,078 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: 64/22/14 Blend
54$725,000$725,000$725,000$725,000
55$802,414$763,989$752,751$850,876
56$835,233$752,398$728,942$872,141
57$869,856$738,694$702,790$889,738
58$906,418$722,726$674,170$907,827
59$945,065$704,333$642,947$926,454
60$985,960$683,343$608,984$945,675
61$1,029,277$659,576$572,135$965,551
62$1,075,210$632,842$532,248$986,151
63$1,123,967$602,937$489,164$1,007,553
64$1,175,779$569,648$442,718$1,029,847
65$1,230,896$532,749$392,737$1,053,133
66$1,289,594$492,000$339,040$1,077,523
67$1,352,174$447,149$281,439$1,103,144
68$1,418,964$397,927$219,735$1,130,138
69$1,490,326$344,054$153,724$1,158,665
70$1,566,655$285,229$83,190$1,188,904
71$1,648,387$221,137$7,910$1,221,057
72$1,735,995$151,446$0$1,255,348
73$1,830,004$75,804$0$1,302,848
74$1,930,984$0$0$1,354,984
75$2,039,566$0$0$1,412,418
76$2,156,439$0$0$1,494,026
77$2,282,362$0$0$1,581,990
78$2,418,166$0$0$1,676,897
79$2,564,767$0$0$1,779,392
80$2,723,170$0$0$1,890,182
81$2,894,480$0$0$2,010,044
82$3,079,909$0$0$2,139,836
83$3,280,793$0$0$2,280,496
84$3,498,600$0$0$2,433,059
85$3,734,942$0$0$2,598,662
86$3,991,595$0$0$2,778,556
87$4,270,512$0$0$2,974,115
88$4,573,838$0$0$3,186,855
89$4,903,937$0$0$3,418,440
90$5,263,409$0$0$3,670,701
91$5,655,114$0$0$3,945,656
92$6,082,200$0$0$4,245,524
93$6,548,133$0$0$4,572,747
94$7,056,725$0$0$4,930,013
95$7,612,175$0$0$5,320,282
96$8,219,104$0$0$5,746,811
97$8,882,601$0$0$6,213,189
98$9,608,267$0$0$6,723,363
99$10,402,269$0$0$7,281,682
100$11,271,399$0$0$7,892,935