Can I retire at age 55 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$60,118$59,582$59,060$58,550$58,052$56,037
2 years$29,761$29,207$28,670$28,149$27,644$25,634
3 years$19,644$19,087$18,551$18,035$17,538$15,598
4 years$14,586$14,031$13,501$12,993$12,508$10,652
5 years$11,552$11,000$10,477$9,980$9,509$7,741
6 years$9,530$8,983$8,467$7,981$7,524$5,846
7 years$8,087$7,544$7,036$6,562$6,119$4,530
8 years$7,004$6,466$5,967$5,505$5,076$3,576
9 years$6,163$5,630$5,139$4,689$4,275$2,861
10 years$5,490$4,963$4,481$4,042$3,642$2,313
11 years$4,940$4,418$3,945$3,517$3,133$1,885
12 years$4,482$3,965$3,501$3,085$2,715$1,545
13 years$4,095$3,583$3,128$2,724$2,367$1,273
14 years$3,763$3,257$2,810$2,418$2,075$1,053
15 years$3,476$2,976$2,537$2,156$1,827$874
16 years$3,225$2,730$2,300$1,931$1,615$728
17 years$3,004$2,514$2,093$1,735$1,432$607
18 years$2,808$2,323$1,911$1,563$1,273$507
19 years$2,632$2,153$1,749$1,413$1,135$424
20 years$2,474$2,001$1,606$1,279$1,014$356
21 years$2,332$1,864$1,477$1,161$907$298
22 years$2,202$1,740$1,361$1,056$813$250
23 years$2,084$1,627$1,257$962$730$210
24 years$1,976$1,525$1,162$877$656$177
25 years$1,877$1,431$1,076$801$590$149
26 years$1,785$1,345$998$732$532$125
27 years$1,701$1,265$927$670$479$105
28 years$1,623$1,192$862$614$433$89
29 years$1,550$1,125$802$563$391$75
30 years$1,482$1,062$747$517$353$63
31 years$1,419$1,004$696$475$319$53
32 years$1,359$950$650$436$289$45
33 years$1,304$900$607$401$261$38
34 years$1,252$853$567$369$236$32
35 years$1,202$809$530$340$214$27
36 years$1,156$768$496$313$194$22
37 years$1,113$729$464$288$176$19
38 years$1,071$693$435$266$159$16
39 years$1,032$659$407$245$145$13
40 years$995$627$382$226$131$11
41 years$960$597$358$209$119$10
42 years$927$568$336$192$108$8
43 years$895$542$315$178$98$7
44 years$865$516$296$164$89$6
45 years$836$492$278$151$81$5
46 years$809$470$261$140$73$4
47 years$783$448$245$129$67$3
48 years$758$428$230$119$60$3
49 years$734$409$216$110$55$2
50 years$711$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 $728,000, adding $5,212 every year, while hoping to spend $28,836 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: 46/39/15 Blend
54$728,000$728,000$728,000$728,000
55$807,632$769,048$757,764$841,121
56$859,329$776,050$752,468$871,933
57$915,333$782,429$746,028$902,002
58$976,053$788,123$738,375$933,996
59$1,041,937$793,068$729,438$968,105
60$1,113,481$797,195$719,140$1,004,539
61$1,191,228$800,430$707,404$1,043,532
62$1,275,777$802,695$694,146$1,085,343
63$1,367,786$803,906$679,279$1,130,258
64$1,467,979$803,976$662,714$1,178,594
65$1,577,153$802,811$644,355$1,230,702
66$1,696,185$800,312$624,103$1,286,970
67$1,826,040$796,372$601,855$1,347,829
68$1,967,782$790,879$577,502$1,413,755
69$2,122,578$783,715$550,932$1,485,274
70$2,291,718$774,754$522,024$1,562,969
71$2,476,618$763,861$490,657$1,647,486
72$2,678,839$750,896$456,700$1,739,537
73$2,900,099$735,708$420,017$1,839,910
74$3,142,290$718,139$380,469$1,949,479
75$3,407,495$698,020$337,907$2,069,208
76$3,698,009$675,172$292,176$2,200,163
77$4,016,359$649,408$243,117$2,343,523
78$4,365,326$620,528$190,560$2,500,590
79$4,747,976$588,321$134,330$2,672,806
80$5,167,684$552,563$74,245$2,861,761
81$5,628,168$513,019$10,112$3,069,214
82$6,133,523$469,438$0$3,297,107
83$6,688,259$421,558$0$3,556,924
84$7,297,346$369,098$0$3,844,033
85$7,966,256$311,765$0$4,159,468
86$8,701,019$249,247$0$4,506,157
87$9,508,278$181,214$0$4,887,335
88$10,395,349$107,321$0$5,306,566
89$11,370,294$27,199$0$5,767,788
90$12,441,994$0$0$6,275,343
91$13,620,234$0$0$6,859,576
92$14,915,792$0$0$7,514,909
93$16,340,545$0$0$8,235,689
94$17,907,579$0$0$9,028,549
95$19,631,309$0$0$9,900,794
96$21,527,620$0$0$10,860,474
97$23,614,014$0$0$11,916,461
98$25,909,773$0$0$13,078,528
99$28,436,143$0$0$14,357,442
100$31,216,536$0$0$15,765,071