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%17.1%
1 years$60,200$59,664$59,141$58,630$58,131$56,452
2 years$29,802$29,247$28,709$28,188$27,682$26,003
3 years$19,671$19,113$18,577$18,060$17,562$15,937
4 years$14,606$14,050$13,519$13,011$12,526$10,966
5 years$11,568$11,016$10,491$9,994$9,522$8,032
6 years$9,543$8,995$8,479$7,992$7,534$6,116
7 years$8,098$7,554$7,046$6,571$6,127$4,781
8 years$7,014$6,475$5,975$5,512$5,083$3,807
9 years$6,171$5,638$5,147$4,695$4,281$3,074
10 years$5,498$4,969$4,487$4,047$3,647$2,509
11 years$4,947$4,424$3,950$3,522$3,137$2,064
12 years$4,488$3,971$3,506$3,090$2,718$1,709
13 years$4,101$3,588$3,132$2,728$2,371$1,423
14 years$3,769$3,262$2,814$2,421$2,078$1,189
15 years$3,481$2,980$2,541$2,159$1,830$998
16 years$3,230$2,734$2,304$1,933$1,617$839
17 years$3,008$2,518$2,096$1,737$1,434$708
18 years$2,811$2,326$1,914$1,566$1,275$598
19 years$2,636$2,156$1,752$1,415$1,136$506
20 years$2,478$2,004$1,608$1,281$1,015$429
21 years$2,335$1,866$1,479$1,163$908$364
22 years$2,205$1,742$1,363$1,057$814$309
23 years$2,087$1,629$1,258$963$731$263
24 years$1,979$1,527$1,164$878$657$223
25 years$1,879$1,433$1,078$802$591$190
26 years$1,788$1,346$1,000$733$532$162
27 years$1,703$1,267$928$671$480$138
28 years$1,625$1,194$863$615$433$118
29 years$1,552$1,126$803$564$391$100
30 years$1,484$1,064$748$518$353$85
31 years$1,421$1,006$697$475$320$73
32 years$1,361$952$651$437$289$62
33 years$1,306$901$608$402$262$53
34 years$1,253$854$568$370$237$45
35 years$1,204$810$531$340$214$39
36 years$1,158$769$496$313$194$33
37 years$1,114$730$465$289$176$28
38 years$1,073$694$435$266$160$24
39 years$1,034$660$408$245$145$21
40 years$997$628$382$226$131$18
41 years$962$598$358$209$119$15
42 years$928$569$336$193$108$13
43 years$896$542$315$178$98$11
44 years$866$517$296$164$89$9
45 years$837$493$278$152$81$8
46 years$810$470$261$140$73$7
47 years$784$449$245$129$67$6
48 years$759$428$231$120$61$5
49 years$735$409$217$111$55$4
50 years$712$391$204$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $729,000, adding $5,631 every year, while hoping to spend $54,113 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: 76/17/7 Blend
54$729,000$729,000$729,000$729,000
55$809,166$770,529$759,230$869,516
56$834,126$750,710$727,088$890,150
57$859,817$728,105$692,056$905,261
58$886,258$702,522$653,980$920,255
59$913,466$673,755$612,698$935,096
60$941,460$641,589$568,043$949,749
61$970,255$605,793$519,839$964,176
62$999,869$566,126$467,902$978,335
63$1,030,320$522,330$412,041$992,179
64$1,061,623$474,135$352,055$1,005,660
65$1,093,795$421,253$287,735$1,018,727
66$1,126,851$363,384$218,863$1,031,320
67$1,160,805$300,205$145,210$1,043,381
68$1,195,672$231,379$66,540$1,054,842
69$1,231,464$156,550$0$1,065,634
70$1,268,192$75,340$0$1,076,980
71$1,305,867$0$0$1,092,887
72$1,344,496$0$0$1,110,677
73$1,384,087$0$0$1,143,351
74$1,424,644$0$0$1,176,819
75$1,466,167$0$0$1,211,081
76$1,508,657$0$0$1,246,135
77$1,552,108$0$0$1,281,979
78$1,596,513$0$0$1,318,603
79$1,641,859$0$0$1,355,998
80$1,688,129$0$0$1,394,149
81$1,735,300$0$0$1,433,036
82$1,783,345$0$0$1,472,635
83$1,832,229$0$0$1,512,915
84$1,881,908$0$0$1,553,842
85$1,932,333$0$0$1,595,372
86$1,983,443$0$0$1,637,453
87$2,035,168$0$0$1,680,026
88$2,087,425$0$0$1,723,022
89$2,140,119$0$0$1,766,360
90$2,193,141$0$0$1,809,947
91$2,246,366$0$0$1,853,677
92$2,299,649$0$0$1,897,431
93$2,352,828$0$0$1,941,069
94$2,405,718$0$0$1,984,437
95$2,458,109$0$0$2,027,358
96$2,509,764$0$0$2,069,633
97$2,560,418$0$0$2,111,037
98$2,609,770$0$0$2,151,319
99$2,657,484$0$0$2,190,197
100$2,703,182$0$0$2,227,352