Can I retire at age 55 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,778$60,237$59,709$59,193$58,690$57,552
2 years$30,088$29,528$28,985$28,458$27,947$26,806
3 years$19,860$19,297$18,755$18,233$17,731$16,621
4 years$14,746$14,185$13,649$13,136$12,646$11,576
5 years$11,679$11,121$10,592$10,090$9,613$8,587
6 years$9,635$9,081$8,560$8,069$7,607$6,625
7 years$8,175$7,627$7,113$6,634$6,186$5,249
8 years$7,081$6,537$6,033$5,565$5,132$4,239
9 years$6,231$5,692$5,196$4,740$4,322$3,473
10 years$5,551$5,017$4,530$4,086$3,683$2,876
11 years$4,995$4,467$3,988$3,556$3,167$2,403
12 years$4,532$4,009$3,539$3,119$2,745$2,021
13 years$4,140$3,623$3,162$2,754$2,393$1,710
14 years$3,805$3,293$2,841$2,444$2,098$1,453
15 years$3,515$3,008$2,565$2,180$1,847$1,240
16 years$3,261$2,760$2,326$1,952$1,633$1,061
17 years$3,037$2,542$2,116$1,754$1,448$910
18 years$2,838$2,349$1,932$1,581$1,287$783
19 years$2,661$2,177$1,769$1,428$1,147$675
20 years$2,501$2,023$1,623$1,293$1,025$582
21 years$2,357$1,884$1,493$1,174$917$503
22 years$2,226$1,759$1,376$1,067$822$435
23 years$2,107$1,645$1,271$972$738$377
24 years$1,998$1,541$1,175$887$663$327
25 years$1,898$1,446$1,088$810$597$284
26 years$1,805$1,359$1,009$740$538$246
27 years$1,720$1,279$937$678$485$214
28 years$1,640$1,206$871$621$437$186
29 years$1,567$1,137$811$569$395$162
30 years$1,498$1,074$755$523$357$140
31 years$1,434$1,015$704$480$323$122
32 years$1,374$961$657$441$292$106
33 years$1,318$910$613$406$264$93
34 years$1,265$862$573$373$239$81
35 years$1,216$818$536$344$217$70
36 years$1,169$776$501$316$196$61
37 years$1,125$737$469$291$178$53
38 years$1,083$701$439$269$161$46
39 years$1,044$666$412$248$146$40
40 years$1,006$634$386$228$133$35
41 years$971$603$362$211$120$31
42 years$937$575$339$195$109$27
43 years$905$548$318$180$99$23
44 years$874$522$299$166$90$20
45 years$845$498$281$153$82$18
46 years$818$475$264$141$74$15
47 years$791$453$248$131$67$13
48 years$766$433$233$121$61$12
49 years$742$413$219$112$56$10
50 years$719$395$206$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $736,000, adding $5,229 every year, while hoping to spend $29,674 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: 30/48/22 Blend
54$736,000$736,000$736,000$736,000
55$816,466$777,458$766,050$835,234
56$868,172$783,980$760,139$856,542
57$924,158$789,828$753,037$876,441
58$984,829$794,936$744,670$897,232
59$1,050,630$799,236$734,965$919,010
60$1,122,052$802,656$723,843$941,882
61$1,199,632$805,117$711,223$965,969
62$1,283,964$806,538$697,019$991,406
63$1,375,700$806,830$681,141$1,018,344
64$1,475,558$805,900$663,495$1,046,953
65$1,584,326$803,651$643,983$1,077,421
66$1,702,874$799,976$622,503$1,109,960
67$1,832,157$794,766$598,948$1,144,805
68$1,973,229$787,901$573,204$1,182,220
69$2,127,247$779,257$545,155$1,222,497
70$2,295,486$768,700$514,678$1,265,963
71$2,479,351$756,092$481,645$1,312,984
72$2,680,386$741,281$445,921$1,363,963
73$2,900,293$724,112$407,367$1,419,354
74$3,140,945$704,416$365,836$1,479,657
75$3,404,406$682,017$321,176$1,545,431
76$3,692,948$656,727$273,228$1,617,298
77$4,009,071$628,349$221,823$1,695,945
78$4,355,531$596,673$166,789$1,782,139
79$4,735,362$561,478$107,944$1,876,731
80$5,151,907$522,528$45,097$1,980,664
81$5,608,845$479,575$0$2,094,985
82$6,110,232$432,359$0$2,226,014
83$6,660,532$380,602$0$2,381,513
84$7,264,666$324,010$0$2,552,363
85$7,928,051$262,276$0$2,740,201
86$8,656,657$195,072$0$2,946,834
87$9,457,058$122,053$0$3,174,262
88$10,336,500$42,855$0$3,424,696
89$11,302,961$0$0$3,700,580
90$12,365,234$0$0$4,027,279
91$13,533,004$0$0$4,411,433
92$14,816,941$0$0$4,833,931
93$16,228,803$0$0$5,298,659
94$17,781,541$0$0$5,809,897
95$19,489,427$0$0$6,372,361
96$21,368,183$0$0$6,991,246
97$23,435,134$0$0$7,672,278
98$25,709,367$0$0$8,421,765
99$28,211,913$0$0$9,246,658
100$30,965,944$0$0$10,154,614