Can I retire at age 55 with 732,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$60,448$59,909$59,384$58,871$58,371$57,594
2 years$29,925$29,367$28,827$28,304$27,796$27,014
3 years$19,752$19,192$18,653$18,134$17,635$16,873
4 years$14,666$14,108$13,575$13,065$12,577$11,841
5 years$11,616$11,061$10,535$10,035$9,561$8,852
6 years$9,583$9,032$8,513$8,025$7,565$6,885
7 years$8,131$7,585$7,075$6,598$6,153$5,501
8 years$7,043$6,502$6,000$5,535$5,104$4,482
9 years$6,197$5,661$5,168$4,714$4,298$3,704
10 years$5,520$4,990$4,505$4,064$3,662$3,097
11 years$4,967$4,442$3,966$3,537$3,150$2,611
12 years$4,507$3,987$3,520$3,102$2,730$2,218
13 years$4,118$3,603$3,145$2,739$2,380$1,895
14 years$3,784$3,275$2,826$2,431$2,087$1,627
15 years$3,495$2,992$2,551$2,168$1,837$1,402
16 years$3,243$2,745$2,313$1,941$1,624$1,212
17 years$3,021$2,528$2,105$1,744$1,440$1,052
18 years$2,823$2,336$1,921$1,572$1,280$914
19 years$2,647$2,165$1,759$1,420$1,141$796
20 years$2,488$2,012$1,614$1,286$1,019$695
21 years$2,344$1,874$1,485$1,168$912$608
22 years$2,214$1,749$1,369$1,062$817$532
23 years$2,096$1,636$1,264$967$734$466
24 years$1,987$1,533$1,169$882$660$409
25 years$1,887$1,439$1,082$805$594$359
26 years$1,795$1,352$1,004$736$535$315
27 years$1,710$1,272$932$674$482$277
28 years$1,631$1,199$867$617$435$244
29 years$1,558$1,131$806$566$393$215
30 years$1,490$1,068$751$520$355$189
31 years$1,426$1,010$700$477$321$166
32 years$1,367$955$653$439$290$147
33 years$1,311$905$610$403$263$129
34 years$1,258$858$570$371$238$114
35 years$1,209$813$533$342$215$100
36 years$1,163$772$499$315$195$89
37 years$1,119$733$467$290$177$78
38 years$1,077$697$437$267$160$69
39 years$1,038$663$409$246$145$61
40 years$1,001$630$384$227$132$54
41 years$965$600$360$210$120$47
42 years$932$572$338$194$109$42
43 years$900$545$317$179$99$37
44 years$870$519$297$165$89$33
45 years$841$495$279$152$81$29
46 years$813$472$262$141$74$25
47 years$787$451$246$130$67$22
48 years$762$430$231$120$61$20
49 years$738$411$218$111$55$18
50 years$715$392$205$103$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $732,000, adding $6,035 every year, while hoping to spend $51,607 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: 72/10/18 Blend
54$732,000$732,000$732,000$732,000
55$812,889$774,093$762,747$867,550
56$840,894$757,114$733,390$887,686
57$870,026$737,574$701,319$902,930
58$900,346$715,292$666,390$918,302
59$931,918$690,077$628,451$933,805
60$964,811$661,729$587,342$949,443
61$999,102$630,034$542,898$965,223
62$1,034,871$594,766$494,945$981,154
63$1,072,205$555,686$443,303$997,245
64$1,111,197$512,543$387,781$1,013,510
65$1,151,951$465,069$328,183$1,029,966
66$1,194,574$412,981$264,302$1,046,630
67$1,239,187$355,984$195,922$1,063,526
68$1,285,917$293,760$122,818$1,080,683
69$1,334,904$225,978$44,756$1,098,130
70$1,386,299$152,286$0$1,115,908
71$1,440,267$72,313$0$1,141,462
72$1,496,984$0$0$1,177,095
73$1,556,647$0$0$1,215,889
74$1,619,464$0$0$1,265,126
75$1,685,666$0$0$1,317,029
76$1,755,502$0$0$1,371,796
77$1,829,246$0$0$1,429,643
78$1,907,194$0$0$1,490,804
79$1,989,671$0$0$1,555,538
80$2,077,030$0$0$1,624,123
81$2,169,659$0$0$1,696,867
82$2,267,981$0$0$1,774,103
83$2,372,457$0$0$1,856,199
84$2,483,595$0$0$1,943,554
85$2,601,946$0$0$2,036,607
86$2,728,117$0$0$2,135,838
87$2,862,772$0$0$2,241,773
88$3,006,638$0$0$2,354,988
89$3,160,512$0$0$2,476,114
90$3,325,268$0$0$2,605,844
91$3,501,865$0$0$2,744,937
92$3,691,352$0$0$2,894,226
93$3,894,885$0$0$3,054,626
94$4,113,729$0$0$3,227,140
95$4,349,275$0$0$3,412,870
96$4,603,048$0$0$3,613,027
97$4,876,726$0$0$3,828,939
98$5,172,151$0$0$4,062,066
99$5,491,346$0$0$4,314,014
100$5,836,535$0$0$4,586,545