Can I retire at age 55 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$60,861$60,319$59,790$59,274$58,769$56,415
2 years$30,129$29,568$29,024$28,497$27,985$25,643
3 years$19,887$19,323$18,781$18,258$17,755$15,499
4 years$14,766$14,204$13,667$13,154$12,663$10,510
5 years$11,695$11,136$10,606$10,104$9,626$7,581
6 years$9,648$9,094$8,572$8,080$7,617$5,681
7 years$8,187$7,637$7,123$6,643$6,195$4,368
8 years$7,091$6,546$6,041$5,573$5,139$3,419
9 years$6,239$5,700$5,203$4,747$4,328$2,712
10 years$5,558$5,024$4,536$4,092$3,688$2,173
11 years$5,001$4,473$3,994$3,561$3,171$1,755
12 years$4,538$4,014$3,544$3,123$2,748$1,425
13 years$4,146$3,628$3,166$2,758$2,397$1,163
14 years$3,810$3,298$2,845$2,448$2,101$953
15 years$3,519$3,012$2,569$2,183$1,850$783
16 years$3,265$2,764$2,329$1,955$1,635$645
17 years$3,041$2,545$2,119$1,756$1,449$533
18 years$2,842$2,352$1,935$1,583$1,289$440
19 years$2,665$2,180$1,771$1,430$1,149$365
20 years$2,505$2,026$1,625$1,295$1,026$302
21 years$2,360$1,887$1,495$1,176$918$251
22 years$2,229$1,761$1,378$1,069$823$208
23 years$2,110$1,647$1,272$973$739$173
24 years$2,001$1,543$1,177$888$664$144
25 years$1,900$1,448$1,090$811$598$120
26 years$1,808$1,361$1,011$741$538$99
27 years$1,722$1,281$939$679$485$83
28 years$1,643$1,207$872$622$438$69
29 years$1,569$1,139$812$570$395$57
30 years$1,500$1,075$756$523$357$48
31 years$1,436$1,017$705$481$323$40
32 years$1,376$962$658$442$292$33
33 years$1,320$911$614$406$264$28
34 years$1,267$863$574$374$239$23
35 years$1,217$819$537$344$217$19
36 years$1,171$777$502$317$196$16
37 years$1,126$738$470$292$178$13
38 years$1,085$702$440$269$161$11
39 years$1,045$667$412$248$146$9
40 years$1,008$635$386$229$133$8
41 years$972$604$362$211$120$6
42 years$938$575$340$195$109$5
43 years$906$548$319$180$99$4
44 years$876$523$299$166$90$4
45 years$847$498$281$153$82$3
46 years$819$475$264$142$74$3
47 years$792$454$248$131$67$2
48 years$767$433$233$121$61$2
49 years$743$414$219$112$56$1
50 years$720$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $737,000, adding $3,864 every year, while hoping to spend $47,668 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: 42/40/18 Blend
54$737,000$737,000$737,000$737,000
55$816,160$777,099$765,675$845,988
56$848,690$764,458$740,607$854,822
57$882,940$749,601$713,101$859,433
58$919,036$732,367$683,026$863,426
59$957,114$712,589$650,244$866,769
60$997,322$690,089$614,610$869,429
61$1,039,823$664,677$575,973$871,374
62$1,084,793$636,155$534,177$872,572
63$1,132,427$604,311$489,056$872,995
64$1,182,933$568,921$440,438$872,613
65$1,236,544$529,750$388,145$871,402
66$1,293,511$486,547$331,987$869,339
67$1,354,110$439,049$271,770$866,403
68$1,418,643$386,976$207,288$862,580
69$1,487,441$330,034$138,328$857,859
70$1,560,864$267,910$64,667$852,236
71$1,639,311$200,277$0$845,713
72$1,723,216$126,785$0$840,979
73$1,813,054$47,068$0$848,802
74$1,909,349$0$0$856,829
75$2,012,675$0$0$882,435
76$2,123,659$0$0$932,256
77$2,242,993$0$0$985,893
78$2,371,435$0$0$1,043,695
79$2,509,817$0$0$1,106,046
80$2,659,054$0$0$1,173,367
81$2,820,150$0$0$1,246,122
82$2,994,209$0$0$1,324,820
83$3,182,443$0$0$1,410,020
84$3,386,186$0$0$1,502,338
85$3,606,904$0$0$1,602,450
86$3,846,208$0$0$1,711,100
87$4,105,870$0$0$1,829,106
88$4,387,839$0$0$1,957,368
89$4,694,259$0$0$2,096,876
90$5,027,487$0$0$2,248,719
91$5,390,119$0$0$2,414,096
92$5,785,009$0$0$2,594,326
93$6,215,298$0$0$2,790,860
94$6,684,443$0$0$3,005,296
95$7,196,250$0$0$3,239,392
96$7,754,906$0$0$3,495,083
97$8,365,021$0$0$3,774,502
98$9,031,670$0$0$4,079,993
99$9,760,439$0$0$4,414,139
100$10,557,480$0$0$4,779,785