Can I retire at age 55 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$60,035$59,500$58,978$58,469$57,972$55,893
2 years$29,720$29,167$28,630$28,110$27,606$25,534
3 years$19,617$19,061$18,526$18,010$17,514$15,514
4 years$14,566$14,012$13,482$12,976$12,491$10,578
5 years$11,536$10,985$10,463$9,966$9,496$7,675
6 years$9,517$8,970$8,455$7,970$7,514$5,787
7 years$8,075$7,533$7,026$6,553$6,111$4,477
8 years$6,995$6,457$5,959$5,497$5,069$3,528
9 years$6,155$5,622$5,132$4,682$4,269$2,817
10 years$5,483$4,956$4,475$4,036$3,637$2,273
11 years$4,934$4,412$3,939$3,513$3,128$1,849
12 years$4,476$3,960$3,496$3,081$2,711$1,513
13 years$4,089$3,579$3,124$2,720$2,364$1,244
14 years$3,758$3,253$2,806$2,415$2,072$1,027
15 years$3,472$2,972$2,534$2,153$1,825$851
16 years$3,221$2,726$2,297$1,928$1,613$706
17 years$3,000$2,511$2,090$1,732$1,430$588
18 years$2,804$2,320$1,908$1,561$1,271$490
19 years$2,628$2,150$1,747$1,411$1,133$409
20 years$2,471$1,998$1,603$1,278$1,012$342
21 years$2,328$1,861$1,475$1,160$906$286
22 years$2,199$1,737$1,359$1,054$812$240
23 years$2,081$1,625$1,255$960$729$201
24 years$1,973$1,522$1,161$876$655$168
25 years$1,874$1,429$1,075$800$589$141
26 years$1,783$1,343$997$731$531$119
27 years$1,699$1,264$926$669$479$100
28 years$1,620$1,191$861$613$432$84
29 years$1,548$1,123$801$562$390$70
30 years$1,480$1,061$746$516$352$59
31 years$1,417$1,003$695$474$319$50
32 years$1,357$949$649$436$288$42
33 years$1,302$899$606$401$261$35
34 years$1,250$852$566$369$236$29
35 years$1,201$808$529$339$214$25
36 years$1,155$767$495$312$194$21
37 years$1,111$728$463$288$176$17
38 years$1,070$692$434$265$159$15
39 years$1,031$658$407$245$144$12
40 years$994$626$381$226$131$10
41 years$959$596$357$208$119$9
42 years$926$568$335$192$108$7
43 years$894$541$315$177$98$6
44 years$864$516$295$164$89$5
45 years$835$492$277$151$81$4
46 years$808$469$260$140$73$4
47 years$782$448$245$129$66$3
48 years$757$427$230$119$60$3
49 years$733$408$216$110$55$2
50 years$710$390$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $727,000, adding $4,047 every year, while hoping to spend $54,862 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: 70/18/12 Blend
54$727,000$727,000$727,000$727,000
55$805,328$766,797$755,529$859,366
56$829,099$745,998$722,466$874,944
57$853,456$722,340$686,458$884,955
58$878,400$695,627$647,346$894,462
59$903,933$665,648$604,967$903,406
60$930,051$632,182$559,151$911,723
61$956,752$594,995$509,719$919,343
62$984,029$553,838$456,483$926,192
63$1,011,874$508,450$399,249$932,190
64$1,040,275$458,553$337,813$937,250
65$1,069,215$403,855$271,962$941,278
66$1,098,677$344,046$201,475$944,175
67$1,128,637$278,799$126,119$945,831
68$1,159,066$207,768$45,652$946,131
69$1,189,932$130,590$0$944,947
70$1,221,193$46,877$0$947,295
71$1,252,805$0$0$954,451
72$1,284,714$0$0$969,110
73$1,316,856$0$0$993,215
74$1,349,163$0$0$1,017,424
75$1,381,551$0$0$1,041,673
76$1,413,927$0$0$1,065,891
77$1,446,188$0$0$1,089,995
78$1,478,212$0$0$1,113,892
79$1,509,865$0$0$1,137,478
80$1,540,994$0$0$1,160,633
81$1,571,427$0$0$1,183,224
82$1,600,972$0$0$1,205,103
83$1,629,412$0$0$1,226,100
84$1,656,506$0$0$1,246,029
85$1,681,980$0$0$1,264,678
86$1,705,534$0$0$1,281,814
87$1,726,827$0$0$1,297,174
88$1,745,484$0$0$1,310,466
89$1,761,082$0$0$1,321,365
90$1,773,155$0$0$1,329,508
91$1,781,181$0$0$1,334,493
92$1,784,582$0$0$1,335,872
93$1,782,713$0$0$1,333,147
94$1,774,862$0$0$1,325,766
95$1,760,234$0$0$1,313,116
96$1,737,951$0$0$1,294,518
97$1,707,037$0$0$1,269,218
98$1,666,413$0$0$1,236,381
99$1,614,880$0$0$1,195,082
100$1,551,113$0$0$1,144,297