Can I retire at age 55 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$60,283$59,746$59,222$58,711$58,211$57,508
2 years$29,843$29,287$28,748$28,226$27,720$27,012
3 years$19,698$19,139$18,602$18,085$17,586$16,896
4 years$14,626$14,070$13,538$13,029$12,543$11,875
5 years$11,584$11,031$10,506$10,008$9,535$8,892
6 years$9,556$9,007$8,490$8,003$7,545$6,927
7 years$8,109$7,564$7,055$6,580$6,136$5,544
8 years$7,024$6,484$5,984$5,520$5,090$4,524
9 years$6,180$5,646$5,154$4,702$4,287$3,746
10 years$5,505$4,976$4,493$4,053$3,652$3,137
11 years$4,954$4,430$3,956$3,527$3,141$2,651
12 years$4,495$3,976$3,510$3,094$2,722$2,256
13 years$4,106$3,593$3,136$2,731$2,374$1,931
14 years$3,774$3,266$2,818$2,425$2,081$1,661
15 years$3,486$2,984$2,544$2,162$1,832$1,434
16 years$3,234$2,738$2,307$1,936$1,619$1,243
17 years$3,012$2,521$2,099$1,740$1,436$1,080
18 years$2,815$2,330$1,916$1,568$1,277$941
19 years$2,639$2,159$1,754$1,417$1,138$822
20 years$2,481$2,006$1,610$1,283$1,016$719
21 years$2,338$1,869$1,481$1,164$910$630
22 years$2,208$1,745$1,365$1,059$815$552
23 years$2,090$1,632$1,260$964$732$485
24 years$1,982$1,529$1,165$879$658$427
25 years$1,882$1,435$1,079$803$592$375
26 years$1,790$1,348$1,001$734$533$331
27 years$1,706$1,269$930$672$481$291
28 years$1,627$1,196$864$616$434$257
29 years$1,554$1,128$804$565$392$227
30 years$1,486$1,065$749$518$354$200
31 years$1,422$1,007$698$476$320$177
32 years$1,363$953$652$437$289$156
33 years$1,307$902$608$402$262$138
34 years$1,255$855$568$370$237$122
35 years$1,206$811$531$341$215$108
36 years$1,159$770$497$314$195$95
37 years$1,116$731$465$289$176$84
38 years$1,074$695$436$266$160$75
39 years$1,035$661$408$246$145$66
40 years$998$629$383$227$132$58
41 years$963$598$359$209$119$52
42 years$929$570$337$193$108$46
43 years$898$543$316$178$98$40
44 years$867$518$296$164$89$36
45 years$839$494$278$152$81$32
46 years$811$471$261$140$74$28
47 years$785$449$246$130$67$25
48 years$760$429$231$120$61$22
49 years$736$410$217$111$55$19
50 years$713$391$204$102$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $730,000, adding $4,657 every year, while hoping to spend $23,844 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: 46/45/9 Blend
54$730,000$730,000$730,000$730,000
55$809,264$770,574$759,259$844,258
56$866,439$782,962$759,324$881,267
57$928,647$795,158$758,592$918,548
58$996,375$807,128$757,012$958,444
59$1,070,162$818,833$754,528$1,001,203
60$1,150,598$830,235$751,084$1,047,103
61$1,238,333$841,292$746,620$1,096,447
62$1,334,085$851,956$741,073$1,149,571
63$1,438,640$862,181$734,378$1,206,845
64$1,552,867$871,914$726,466$1,268,679
65$1,677,722$881,099$717,264$1,335,524
66$1,814,255$889,678$706,698$1,407,878
67$1,963,624$897,588$694,688$1,486,292
68$2,127,105$904,761$681,151$1,571,372
69$2,306,102$911,127$666,002$1,663,788
70$2,502,160$916,608$649,149$1,764,280
71$2,716,983$921,124$630,498$1,873,663
72$2,952,445$924,589$609,949$1,992,840
73$3,210,612$926,911$587,400$2,122,803
74$3,493,757$927,993$562,741$2,264,650
75$3,804,387$927,731$535,859$2,419,591
76$4,145,261$926,016$506,637$2,588,962
77$4,519,417$922,731$474,949$2,774,239
78$4,930,205$917,752$440,667$2,977,046
79$5,381,313$910,948$403,656$3,199,181
80$5,876,802$902,180$363,774$3,442,623
81$6,421,149$891,300$320,873$3,709,558
82$7,019,284$878,152$274,800$4,002,398
83$7,676,638$862,569$225,394$4,323,802
84$8,399,197$844,377$172,486$4,676,705
85$9,193,553$823,388$115,902$5,064,346
86$10,066,968$799,407$55,457$5,490,296
87$11,027,445$772,225$0$5,958,497
88$12,083,801$741,620$0$6,474,163
89$13,245,749$707,360$0$7,046,960
90$14,523,992$669,197$0$7,676,865
91$15,930,322$626,870$0$8,369,733
92$17,477,731$580,103$0$9,132,019
93$19,180,535$528,604$0$9,970,843
94$21,054,508$472,063$0$10,894,055
95$23,117,028$410,156$0$11,910,310
96$25,387,248$342,536$0$13,029,153
97$27,886,266$268,839$0$14,261,109
98$30,637,334$188,681$0$15,617,782
99$33,666,072$101,656$0$17,111,967
100$37,000,708$7,334$0$18,757,772