Can I retire at age 55 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$60,200$59,664$59,141$58,630$58,131$57,239
2 years$29,802$29,247$28,709$28,188$27,682$26,785
3 years$19,671$19,113$18,577$18,060$17,562$16,689
4 years$14,606$14,050$13,519$13,011$12,526$11,682
5 years$11,568$11,016$10,491$9,994$9,522$8,711
6 years$9,543$8,995$8,479$7,992$7,534$6,757
7 years$8,098$7,554$7,046$6,571$6,127$5,384
8 years$7,014$6,475$5,975$5,512$5,083$4,373
9 years$6,171$5,638$5,147$4,695$4,281$3,604
10 years$5,498$4,969$4,487$4,047$3,647$3,004
11 years$4,947$4,424$3,950$3,522$3,137$2,525
12 years$4,488$3,971$3,506$3,090$2,718$2,138
13 years$4,101$3,588$3,132$2,728$2,371$1,821
14 years$3,769$3,262$2,814$2,421$2,078$1,558
15 years$3,481$2,980$2,541$2,159$1,830$1,338
16 years$3,230$2,734$2,304$1,933$1,617$1,153
17 years$3,008$2,518$2,096$1,737$1,434$996
18 years$2,811$2,326$1,914$1,566$1,275$863
19 years$2,636$2,156$1,752$1,415$1,136$749
20 years$2,478$2,004$1,608$1,281$1,015$651
21 years$2,335$1,866$1,479$1,163$908$567
22 years$2,205$1,742$1,363$1,057$814$495
23 years$2,087$1,629$1,258$963$731$432
24 years$1,979$1,527$1,164$878$657$377
25 years$1,879$1,433$1,078$802$591$330
26 years$1,788$1,346$1,000$733$532$289
27 years$1,703$1,267$928$671$480$253
28 years$1,625$1,194$863$615$433$221
29 years$1,552$1,126$803$564$391$194
30 years$1,484$1,064$748$518$353$170
31 years$1,421$1,006$697$475$320$149
32 years$1,361$952$651$437$289$131
33 years$1,306$901$608$402$262$115
34 years$1,253$854$568$370$237$101
35 years$1,204$810$531$340$214$89
36 years$1,158$769$496$313$194$78
37 years$1,114$730$465$289$176$68
38 years$1,073$694$435$266$160$60
39 years$1,034$660$408$245$145$53
40 years$997$628$382$226$131$46
41 years$962$598$358$209$119$41
42 years$928$569$336$193$108$36
43 years$896$542$315$178$98$32
44 years$866$517$296$164$89$28
45 years$837$493$278$152$81$24
46 years$810$470$261$140$73$21
47 years$784$449$245$129$67$19
48 years$759$428$231$120$61$17
49 years$735$409$217$111$55$15
50 years$712$391$204$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $729,000, adding $3,852 every year, while hoping to spend $36,187 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: 34/37/29 Blend
54$729,000$729,000$729,000$729,000
55$807,331$768,694$757,395$827,598
56$851,176$767,858$744,265$842,422
57$898,281$765,767$729,482$854,905
58$948,939$762,323$712,953$867,673
59$1,003,474$757,420$694,580$880,777
60$1,062,240$750,946$674,261$894,276
61$1,125,627$742,781$651,887$908,237
62$1,194,064$732,800$627,348$922,739
63$1,268,020$720,868$600,526$937,870
64$1,348,013$706,846$571,298$953,734
65$1,434,611$690,582$539,537$970,445
66$1,528,438$671,917$505,109$988,138
67$1,630,182$650,684$467,873$1,006,962
68$1,740,598$626,705$427,684$1,027,087
69$1,860,517$599,792$384,389$1,048,706
70$1,990,852$569,744$337,829$1,072,036
71$2,132,609$536,352$287,836$1,097,322
72$2,286,894$499,392$234,238$1,124,841
73$2,454,924$458,629$176,852$1,154,902
74$2,638,039$413,814$115,488$1,187,855
75$2,837,711$364,683$49,950$1,224,088
76$3,055,564$310,959$0$1,264,042
77$3,293,382$252,347$0$1,314,391
78$3,553,132$188,536$0$1,386,396
79$3,836,976$119,200$0$1,465,266
80$4,147,298$43,991$0$1,551,760
81$4,486,720$0$0$1,646,716
82$4,858,128$0$0$1,766,318
83$5,264,705$0$0$1,916,955
84$5,709,949$0$0$2,082,028
85$6,197,719$0$0$2,262,978
86$6,732,260$0$0$2,461,395
87$7,318,249$0$0$2,679,031
88$7,960,836$0$0$2,917,812
89$8,665,695$0$0$3,179,862
90$9,439,075$0$0$3,467,522
91$10,287,858$0$0$3,783,367
92$11,219,627$0$0$4,130,236
93$12,242,731$0$0$4,511,256
94$13,366,371$0$0$4,929,873
95$14,600,681$0$0$5,389,879
96$15,956,825$0$0$5,895,457
97$17,447,102$0$0$6,451,212
98$19,085,063$0$0$7,062,218
99$20,885,633$0$0$7,734,066
100$22,865,259$0$0$8,472,914