Can I retire at age 55 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,365$59,828$59,303$58,791$58,291$58,021
2 years$29,884$29,327$28,788$28,265$27,758$27,485
3 years$19,725$19,166$18,628$18,110$17,611$17,344
4 years$14,646$14,089$13,556$13,047$12,560$12,301
5 years$11,600$11,046$10,520$10,021$9,548$9,298
6 years$9,569$9,020$8,502$8,014$7,555$7,314
7 years$8,120$7,575$7,065$6,589$6,144$5,912
8 years$7,033$6,493$5,992$5,527$5,097$4,875
9 years$6,188$5,653$5,161$4,708$4,293$4,079
10 years$5,513$4,983$4,499$4,058$3,657$3,453
11 years$4,961$4,436$3,961$3,532$3,146$2,950
12 years$4,501$3,982$3,515$3,098$2,726$2,539
13 years$4,112$3,598$3,141$2,735$2,377$2,199
14 years$3,779$3,271$2,822$2,428$2,084$1,914
15 years$3,491$2,988$2,548$2,165$1,835$1,673
16 years$3,239$2,741$2,310$1,939$1,621$1,468
17 years$3,016$2,525$2,102$1,742$1,438$1,292
18 years$2,819$2,333$1,919$1,570$1,278$1,140
19 years$2,643$2,162$1,757$1,418$1,139$1,008
20 years$2,484$2,009$1,612$1,285$1,018$893
21 years$2,341$1,871$1,483$1,166$911$793
22 years$2,211$1,747$1,367$1,060$816$705
23 years$2,093$1,634$1,262$965$733$628
24 years$1,984$1,531$1,167$881$659$560
25 years$1,885$1,437$1,081$804$593$499
26 years$1,793$1,350$1,002$735$534$446
27 years$1,708$1,271$931$673$481$399
28 years$1,629$1,197$865$617$434$357
29 years$1,556$1,130$805$565$392$319
30 years$1,488$1,067$750$519$354$286
31 years$1,424$1,008$699$477$320$256
32 years$1,365$954$652$438$290$230
33 years$1,309$904$609$403$262$206
34 years$1,257$856$569$371$237$185
35 years$1,207$812$532$341$215$166
36 years$1,161$771$498$314$195$149
37 years$1,117$732$466$290$177$134
38 years$1,076$696$436$267$160$120
39 years$1,037$662$409$246$145$108
40 years$999$630$383$227$132$97
41 years$964$599$359$209$119$87
42 years$931$571$337$193$108$78
43 years$899$544$316$178$98$70
44 years$869$518$297$165$89$63
45 years$840$494$279$152$81$57
46 years$812$472$262$141$74$51
47 years$786$450$246$130$67$46
48 years$761$430$231$120$61$41
49 years$737$410$217$111$55$37
50 years$714$392$204$102$50$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $731,000, adding $6,906 every year, while hoping to spend $30,458 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: 61/10/29 Blend
54$731,000$731,000$731,000$731,000
55$812,686$773,943$762,612$855,509
56$863,172$779,459$755,752$891,007
57$917,788$784,224$747,642$925,869
58$976,922$788,170$738,207$963,286
59$1,041,001$791,224$727,370$1,003,517
60$1,110,495$793,306$715,050$1,046,845
61$1,185,923$794,335$701,161$1,093,583
62$1,267,852$794,223$685,615$1,144,078
63$1,356,908$792,875$668,318$1,198,712
64$1,453,779$790,193$649,174$1,257,909
65$1,559,224$786,071$628,080$1,322,137
66$1,674,074$780,397$604,930$1,391,911
67$1,799,246$773,054$579,612$1,467,803
68$1,935,751$763,915$552,010$1,550,443
69$2,084,697$752,847$522,003$1,640,528
70$2,247,309$739,709$489,462$1,738,825
71$2,424,931$724,351$454,256$1,846,184
72$2,619,045$706,615$416,245$1,963,543
73$2,831,282$686,334$375,283$2,091,938
74$3,063,438$663,329$331,220$2,232,511
75$3,317,489$637,413$283,897$2,386,524
76$3,595,614$608,387$233,148$2,555,371
77$3,900,209$576,041$178,801$2,740,590
78$4,233,915$540,151$120,675$2,943,879
79$4,599,639$500,483$58,583$3,167,110
80$5,000,584$456,789$0$3,412,351
81$5,440,276$408,804$0$3,684,263
82$5,922,601$356,252$0$4,002,484
83$6,451,836$298,838$0$4,351,714
84$7,032,694$236,252$0$4,735,088
85$7,670,368$168,167$0$5,156,060
86$8,370,575$94,237$0$5,618,439
87$9,139,614$14,095$0$6,126,419
88$9,984,426$0$0$6,684,624
89$10,912,654$0$0$7,306,144
90$11,932,721$0$0$7,990,923
91$13,053,905$0$0$8,743,644
92$14,286,427$0$0$9,571,179
93$15,641,548$0$0$10,481,097
94$17,131,676$0$0$11,481,736
95$18,770,479$0$0$12,582,285
96$20,573,019$0$0$13,792,867
97$22,555,888$0$0$15,124,634
98$24,737,368$0$0$16,589,876
99$27,137,605$0$0$18,202,132
100$29,778,792$0$0$19,976,321