Can I retire at age 55 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$60,448$59,909$59,384$58,871$58,371$58,052
2 years$29,925$29,367$28,827$28,304$27,796$27,474
3 years$19,752$19,192$18,653$18,134$17,635$17,320
4 years$14,666$14,108$13,575$13,065$12,577$12,272
5 years$11,616$11,061$10,535$10,035$9,561$9,266
6 years$9,583$9,032$8,513$8,025$7,565$7,281
7 years$8,131$7,585$7,075$6,598$6,153$5,879
8 years$7,043$6,502$6,000$5,535$5,104$4,842
9 years$6,197$5,661$5,168$4,714$4,298$4,047
10 years$5,520$4,990$4,505$4,064$3,662$3,422
11 years$4,967$4,442$3,966$3,537$3,150$2,920
12 years$4,507$3,987$3,520$3,102$2,730$2,510
13 years$4,118$3,603$3,145$2,739$2,380$2,171
14 years$3,784$3,275$2,826$2,431$2,087$1,887
15 years$3,495$2,992$2,551$2,168$1,837$1,647
16 years$3,243$2,745$2,313$1,941$1,624$1,443
17 years$3,021$2,528$2,105$1,744$1,440$1,268
18 years$2,823$2,336$1,921$1,572$1,280$1,118
19 years$2,647$2,165$1,759$1,420$1,141$987
20 years$2,488$2,012$1,614$1,286$1,019$874
21 years$2,344$1,874$1,485$1,168$912$774
22 years$2,214$1,749$1,369$1,062$817$688
23 years$2,096$1,636$1,264$967$734$611
24 years$1,987$1,533$1,169$882$660$544
25 years$1,887$1,439$1,082$805$594$485
26 years$1,795$1,352$1,004$736$535$432
27 years$1,710$1,272$932$674$482$386
28 years$1,631$1,199$867$617$435$345
29 years$1,558$1,131$806$566$393$308
30 years$1,490$1,068$751$520$355$275
31 years$1,426$1,010$700$477$321$246
32 years$1,367$955$653$439$290$220
33 years$1,311$905$610$403$263$197
34 years$1,258$858$570$371$238$177
35 years$1,209$813$533$342$215$158
36 years$1,163$772$499$315$195$142
37 years$1,119$733$467$290$177$127
38 years$1,077$697$437$267$160$114
39 years$1,038$663$409$246$145$102
40 years$1,001$630$384$227$132$92
41 years$965$600$360$210$120$82
42 years$932$572$338$194$109$74
43 years$900$545$317$179$99$66
44 years$870$519$297$165$89$60
45 years$841$495$279$152$81$53
46 years$813$472$262$141$74$48
47 years$787$451$246$130$67$43
48 years$762$430$231$120$61$39
49 years$738$411$218$111$55$35
50 years$715$392$205$103$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $732,000, adding $4,452 every year, while hoping to spend $58,792 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: 66/21/13 Blend
54$732,000$732,000$732,000$732,000
55$811,256$772,460$761,114$862,091
56$831,450$747,757$724,057$871,862
57$851,733$719,872$683,789$875,222
58$872,053$688,588$640,138$877,412
59$892,349$653,676$592,929$878,311
60$912,552$614,889$541,976$877,793
61$932,585$571,972$487,085$875,717
62$952,361$524,650$428,054$871,933
63$971,780$472,637$364,673$866,278
64$990,732$415,626$296,719$858,574
65$1,009,091$353,297$223,964$848,629
66$1,026,718$285,308$146,167$836,233
67$1,043,457$211,301$63,077$821,161
68$1,059,131$130,897$0$803,166
69$1,073,545$43,693$0$785,531
70$1,086,480$0$0$773,984
71$1,097,693$0$0$771,213
72$1,106,911$0$0$777,062
73$1,113,834$0$0$781,214
74$1,118,124$0$0$783,425
75$1,119,409$0$0$783,420
76$1,117,272$0$0$780,897
77$1,111,253$0$0$775,520
78$1,100,841$0$0$766,917
79$1,085,468$0$0$754,673
80$1,064,507$0$0$738,331
81$1,037,259$0$0$717,382
82$1,002,953$0$0$691,264
83$960,735$0$0$659,354
84$909,658$0$0$620,964
85$848,676$0$0$575,330
86$776,630$0$0$521,608
87$692,239$0$0$458,867
88$594,086$0$0$386,073
89$480,606$0$0$302,087
90$350,067$0$0$205,648
91$200,557$0$0$95,365
92$29,963$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0