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%15.9%
1 years$59,870$59,337$58,816$58,308$57,813$56,415
2 years$29,639$29,087$28,552$28,033$27,530$26,130
3 years$19,563$19,008$18,475$17,961$17,466$16,108
4 years$14,526$13,973$13,445$12,940$12,457$11,151
5 years$11,504$10,955$10,434$9,939$9,470$8,219
6 years$9,491$8,946$8,432$7,948$7,493$6,300
7 years$8,053$7,513$7,007$6,535$6,094$4,958
8 years$6,975$6,440$5,943$5,482$5,055$3,976
9 years$6,138$5,607$5,118$4,669$4,257$3,234
10 years$5,468$4,942$4,462$4,025$3,627$2,659
11 years$4,920$4,400$3,929$3,503$3,120$2,204
12 years$4,464$3,949$3,486$3,073$2,704$1,840
13 years$4,078$3,569$3,115$2,713$2,358$1,544
14 years$3,748$3,244$2,799$2,408$2,067$1,302
15 years$3,462$2,963$2,527$2,147$1,820$1,101
16 years$3,212$2,719$2,291$1,923$1,608$934
17 years$2,992$2,504$2,085$1,728$1,426$795
18 years$2,796$2,314$1,903$1,557$1,268$678
19 years$2,621$2,144$1,742$1,407$1,130$579
20 years$2,464$1,993$1,599$1,274$1,009$495
21 years$2,322$1,856$1,471$1,156$903$424
22 years$2,193$1,733$1,355$1,051$810$363
23 years$2,076$1,620$1,252$958$727$312
24 years$1,968$1,518$1,157$873$653$268
25 years$1,869$1,425$1,072$798$588$230
26 years$1,778$1,339$994$729$530$198
27 years$1,694$1,260$923$668$477$170
28 years$1,616$1,188$858$612$431$146
29 years$1,543$1,120$799$561$389$126
30 years$1,476$1,058$744$515$351$109
31 years$1,413$1,000$694$473$318$93
32 years$1,354$946$647$434$287$81
33 years$1,298$896$604$400$260$69
34 years$1,246$849$565$368$236$60
35 years$1,198$806$528$338$213$52
36 years$1,151$765$494$312$193$44
37 years$1,108$726$462$287$175$38
38 years$1,067$690$433$265$159$33
39 years$1,028$656$405$244$144$29
40 years$991$624$380$225$131$25
41 years$956$594$356$208$119$21
42 years$923$566$334$192$108$18
43 years$891$539$314$177$98$16
44 years$861$514$294$163$89$14
45 years$833$490$276$151$80$12
46 years$805$468$260$139$73$10
47 years$779$446$244$129$66$9
48 years$754$426$229$119$60$8
49 years$731$407$215$110$55$7
50 years$708$389$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $725,000, adding $3,504 every year, while hoping to spend $52,974 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: 62/27/11 Blend
54$725,000$725,000$725,000$725,000
55$802,564$764,139$752,902$850,075
56$828,062$745,218$721,760$863,404
57$854,385$723,595$687,800$871,546
58$881,561$699,080$650,870$879,120
59$909,621$671,475$610,815$886,070
60$938,594$640,569$567,468$892,340
61$968,512$606,138$520,660$897,870
62$999,408$567,947$470,211$902,593
63$1,031,318$525,747$415,932$906,443
64$1,064,276$479,272$357,630$909,347
65$1,098,320$428,245$295,099$911,229
66$1,133,490$372,370$228,126$912,007
67$1,169,826$311,336$156,488$911,597
68$1,207,372$244,814$79,953$909,908
69$1,246,170$172,457$0$906,844
70$1,286,270$93,897$0$902,508
71$1,327,718$8,747$0$906,618
72$1,370,567$0$0$909,700
73$1,414,870$0$0$936,447
74$1,460,684$0$0$966,796
75$1,508,069$0$0$998,189
76$1,557,086$0$0$1,030,665
77$1,607,801$0$0$1,064,270
78$1,660,285$0$0$1,099,050
79$1,714,608$0$0$1,135,053
80$1,770,850$0$0$1,172,332
81$1,829,090$0$0$1,210,941
82$1,889,416$0$0$1,250,936
83$1,951,919$0$0$1,292,381
84$2,016,695$0$0$1,335,339
85$2,083,847$0$0$1,379,880
86$2,153,484$0$0$1,426,077
87$2,225,722$0$0$1,474,007
88$2,300,686$0$0$1,523,754
89$2,378,505$0$0$1,575,406
90$2,459,321$0$0$1,629,058
91$2,543,284$0$0$1,684,810
92$2,630,555$0$0$1,742,772
93$2,721,304$0$0$1,803,058
94$2,815,716$0$0$1,865,792
95$2,913,989$0$0$1,931,109
96$3,016,335$0$0$1,999,150
97$3,122,981$0$0$2,070,070
98$3,234,172$0$0$2,144,035
99$3,350,174$0$0$2,221,223
100$3,471,270$0$0$2,301,827