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%16.6%
1 years$60,283$59,746$59,222$58,711$58,211$56,643
2 years$29,843$29,287$28,748$28,226$27,720$26,151
3 years$19,698$19,139$18,602$18,085$17,586$16,066
4 years$14,626$14,070$13,538$13,029$12,543$11,083
5 years$11,584$11,031$10,506$10,008$9,535$8,139
6 years$9,556$9,007$8,490$8,003$7,545$6,215
7 years$8,109$7,564$7,055$6,580$6,136$4,872
8 years$7,024$6,484$5,984$5,520$5,090$3,891
9 years$6,180$5,646$5,154$4,702$4,287$3,151
10 years$5,505$4,976$4,493$4,053$3,652$2,580
11 years$4,954$4,430$3,956$3,527$3,141$2,129
12 years$4,495$3,976$3,510$3,094$2,722$1,769
13 years$4,106$3,593$3,136$2,731$2,374$1,478
14 years$3,774$3,266$2,818$2,425$2,081$1,240
15 years$3,486$2,984$2,544$2,162$1,832$1,043
16 years$3,234$2,738$2,307$1,936$1,619$881
17 years$3,012$2,521$2,099$1,740$1,436$746
18 years$2,815$2,330$1,916$1,568$1,277$632
19 years$2,639$2,159$1,754$1,417$1,138$537
20 years$2,481$2,006$1,610$1,283$1,016$457
21 years$2,338$1,869$1,481$1,164$910$389
22 years$2,208$1,745$1,365$1,059$815$332
23 years$2,090$1,632$1,260$964$732$283
24 years$1,982$1,529$1,165$879$658$242
25 years$1,882$1,435$1,079$803$592$207
26 years$1,790$1,348$1,001$734$533$177
27 years$1,706$1,269$930$672$481$151
28 years$1,627$1,196$864$616$434$129
29 years$1,554$1,128$804$565$392$111
30 years$1,486$1,065$749$518$354$95
31 years$1,422$1,007$698$476$320$81
32 years$1,363$953$652$437$289$70
33 years$1,307$902$608$402$262$60
34 years$1,255$855$568$370$237$51
35 years$1,206$811$531$341$215$44
36 years$1,159$770$497$314$195$37
37 years$1,116$731$465$289$176$32
38 years$1,074$695$436$266$160$28
39 years$1,035$661$408$246$145$24
40 years$998$629$383$227$132$20
41 years$963$598$359$209$119$17
42 years$929$570$337$193$108$15
43 years$898$543$316$178$98$13
44 years$867$518$296$164$89$11
45 years$839$494$278$152$81$9
46 years$811$471$261$140$74$8
47 years$785$449$246$130$67$7
48 years$760$429$231$120$61$6
49 years$736$410$217$111$55$5
50 years$713$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 $730,000, adding $2,709 every year, while hoping to spend $30,666 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: 82/9/9 Blend
54$730,000$730,000$730,000$730,000
55$807,254$768,564$757,249$872,209
56$856,966$773,596$749,989$920,155
57$910,720$777,846$741,457$968,431
58$968,897$781,244$731,580$1,020,501
59$1,031,915$783,715$720,278$1,076,728
60$1,100,232$785,179$707,469$1,137,512
61$1,174,355$785,551$693,068$1,203,293
62$1,254,837$784,741$676,984$1,274,557
63$1,342,291$782,654$659,123$1,351,838
64$1,437,388$779,187$639,387$1,435,725
65$1,540,867$774,234$617,673$1,526,866
66$1,653,543$767,679$593,872$1,625,975
67$1,776,311$759,401$567,873$1,733,840
68$1,910,154$749,272$539,557$1,851,329
69$2,056,159$737,155$508,801$1,979,395
70$2,215,518$722,906$475,477$2,119,094
71$2,389,545$706,373$439,449$2,271,584
72$2,579,687$687,393$400,578$2,438,145
73$2,787,534$665,794$358,717$2,620,185
74$3,014,841$641,396$313,712$2,819,257
75$3,263,536$614,007$265,403$3,037,073
76$3,535,746$583,422$213,624$3,275,518
77$3,833,810$549,428$158,198$3,536,669
78$4,160,305$511,797$98,944$3,822,819
79$4,518,070$470,288$35,672$4,136,490
80$4,910,229$424,648$0$4,480,465
81$5,340,224$374,608$0$4,860,869
82$5,811,848$319,884$0$5,281,876
83$6,329,275$260,177$0$5,743,802
84$6,897,104$195,169$0$6,250,774
85$7,520,404$124,527$0$6,807,338
86$8,204,753$47,897$0$7,418,504
87$8,956,300$0$0$8,089,791
88$9,781,817$0$0$8,830,759
89$10,688,763$0$0$9,650,045
90$11,685,358$0$0$10,550,332
91$12,780,655$0$0$11,539,802
92$13,984,630$0$0$12,627,468
93$15,308,270$0$0$13,823,260
94$16,763,685$0$0$15,138,119
95$18,364,211$0$0$16,584,097
96$20,124,546$0$0$18,174,474
97$22,060,882$0$0$19,923,882
98$24,191,058$0$0$21,848,441
99$26,534,731$0$0$23,965,913
100$29,113,558$0$0$26,295,869