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%12.4%
1 years$60,035$59,500$58,978$58,469$57,972$57,390
2 years$29,720$29,167$28,630$28,110$27,606$27,020
3 years$19,617$19,061$18,526$18,010$17,514$16,942
4 years$14,566$14,012$13,482$12,976$12,491$11,938
5 years$11,536$10,985$10,463$9,966$9,496$8,962
6 years$9,517$8,970$8,455$7,970$7,514$7,001
7 years$8,075$7,533$7,026$6,553$6,111$5,619
8 years$6,995$6,457$5,959$5,497$5,069$4,598
9 years$6,155$5,622$5,132$4,682$4,269$3,819
10 years$5,483$4,956$4,475$4,036$3,637$3,208
11 years$4,934$4,412$3,939$3,513$3,128$2,719
12 years$4,476$3,960$3,496$3,081$2,711$2,321
13 years$4,089$3,579$3,124$2,720$2,364$1,993
14 years$3,758$3,253$2,806$2,415$2,072$1,720
15 years$3,472$2,972$2,534$2,153$1,825$1,491
16 years$3,221$2,726$2,297$1,928$1,613$1,296
17 years$3,000$2,511$2,090$1,732$1,430$1,130
18 years$2,804$2,320$1,908$1,561$1,271$988
19 years$2,628$2,150$1,747$1,411$1,133$866
20 years$2,471$1,998$1,603$1,278$1,012$760
21 years$2,328$1,861$1,475$1,160$906$669
22 years$2,199$1,737$1,359$1,054$812$589
23 years$2,081$1,625$1,255$960$729$519
24 years$1,973$1,522$1,161$876$655$458
25 years$1,874$1,429$1,075$800$589$405
26 years$1,783$1,343$997$731$531$358
27 years$1,699$1,264$926$669$479$317
28 years$1,620$1,191$861$613$432$280
29 years$1,548$1,123$801$562$390$248
30 years$1,480$1,061$746$516$352$220
31 years$1,417$1,003$695$474$319$195
32 years$1,357$949$649$436$288$173
33 years$1,302$899$606$401$261$154
34 years$1,250$852$566$369$236$136
35 years$1,201$808$529$339$214$121
36 years$1,155$767$495$312$194$107
37 years$1,111$728$463$288$176$95
38 years$1,070$692$434$265$159$85
39 years$1,031$658$407$245$144$75
40 years$994$626$381$226$131$67
41 years$959$596$357$208$119$59
42 years$926$568$335$192$108$53
43 years$894$541$315$177$98$47
44 years$864$516$295$164$89$42
45 years$835$492$277$151$81$37
46 years$808$469$260$140$73$33
47 years$782$448$245$129$66$29
48 years$757$427$230$119$60$26
49 years$733$408$216$110$55$23
50 years$710$390$203$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $727,000, adding $6,595 every year, while hoping to spend $42,481 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: 65/15/20 Blend
54$727,000$727,000$727,000$727,000
55$807,957$769,426$758,157$855,973
56$845,169$761,928$738,356$881,534
57$884,753$752,639$716,468$904,016
58$926,906$741,427$692,378$927,585
59$971,843$728,150$665,965$952,347
60$1,019,802$712,660$637,106$978,423
61$1,071,041$694,799$605,668$1,005,946
62$1,125,843$674,400$571,514$1,035,065
63$1,184,520$651,287$534,501$1,065,946
64$1,247,413$625,273$494,479$1,098,772
65$1,314,897$596,158$451,291$1,133,749
66$1,387,382$563,735$404,775$1,171,105
67$1,465,319$527,782$354,758$1,211,091
68$1,549,202$488,065$301,064$1,253,990
69$1,639,576$444,335$243,505$1,300,112
70$1,737,038$396,332$181,887$1,349,805
71$1,842,242$343,779$116,007$1,403,453
72$1,955,910$286,384$45,653$1,461,483
73$2,078,834$223,838$0$1,524,366
74$2,211,884$155,814$0$1,598,909
75$2,356,016$81,970$0$1,690,217
76$2,512,284$1,940$0$1,789,235
77$2,681,843$0$0$1,896,729
78$2,865,967$0$0$2,027,522
79$3,066,054$0$0$2,170,046
80$3,283,645$0$0$2,325,081
81$3,520,432$0$0$2,493,842
82$3,778,281$0$0$2,677,662
83$4,059,241$0$0$2,878,009
84$4,365,570$0$0$3,096,499
85$4,699,751$0$0$3,334,910
86$5,064,519$0$0$3,595,201
87$5,462,883$0$0$3,879,525
88$5,898,156$0$0$4,190,255
89$6,373,986$0$0$4,530,002
90$6,894,389$0$0$4,901,642
91$7,463,785$0$0$5,308,342
92$8,087,045$0$0$5,753,587
93$8,769,529$0$0$6,241,216
94$9,517,140$0$0$6,775,457
95$10,336,381$0$0$7,360,967
96$11,234,412$0$0$8,002,873
97$12,219,120$0$0$8,706,822
98$13,299,190$0$0$9,479,036
99$14,484,189$0$0$10,326,365
100$15,784,655$0$0$11,256,356