Can I retire at age 55 with 737,000?

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 $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%12.4%
1 years$60,861$60,319$59,790$59,274$58,769$58,180
2 years$30,129$29,568$29,024$28,497$27,985$27,392
3 years$19,887$19,323$18,781$18,258$17,755$17,176
4 years$14,766$14,204$13,667$13,154$12,663$12,102
5 years$11,695$11,136$10,606$10,104$9,626$9,086
6 years$9,648$9,094$8,572$8,080$7,617$7,097
7 years$8,187$7,637$7,123$6,643$6,195$5,696
8 years$7,091$6,546$6,041$5,573$5,139$4,662
9 years$6,239$5,700$5,203$4,747$4,328$3,871
10 years$5,558$5,024$4,536$4,092$3,688$3,252
11 years$5,001$4,473$3,994$3,561$3,171$2,756
12 years$4,538$4,014$3,544$3,123$2,748$2,353
13 years$4,146$3,628$3,166$2,758$2,397$2,021
14 years$3,810$3,298$2,845$2,448$2,101$1,744
15 years$3,519$3,012$2,569$2,183$1,850$1,511
16 years$3,265$2,764$2,329$1,955$1,635$1,314
17 years$3,041$2,545$2,119$1,756$1,449$1,146
18 years$2,842$2,352$1,935$1,583$1,289$1,002
19 years$2,665$2,180$1,771$1,430$1,149$878
20 years$2,505$2,026$1,625$1,295$1,026$771
21 years$2,360$1,887$1,495$1,176$918$678
22 years$2,229$1,761$1,378$1,069$823$597
23 years$2,110$1,647$1,272$973$739$526
24 years$2,001$1,543$1,177$888$664$464
25 years$1,900$1,448$1,090$811$598$410
26 years$1,808$1,361$1,011$741$538$363
27 years$1,722$1,281$939$679$485$321
28 years$1,643$1,207$872$622$438$284
29 years$1,569$1,139$812$570$395$252
30 years$1,500$1,075$756$523$357$223
31 years$1,436$1,017$705$481$323$198
32 years$1,376$962$658$442$292$175
33 years$1,320$911$614$406$264$156
34 years$1,267$863$574$374$239$138
35 years$1,217$819$537$344$217$123
36 years$1,171$777$502$317$196$109
37 years$1,126$738$470$292$178$97
38 years$1,085$702$440$269$161$86
39 years$1,045$667$412$248$146$76
40 years$1,008$635$386$229$133$68
41 years$972$604$362$211$120$60
42 years$938$575$340$195$109$54
43 years$906$548$319$180$99$48
44 years$876$523$299$166$90$42
45 years$847$498$281$153$82$38
46 years$819$475$264$142$74$33
47 years$792$454$248$131$67$30
48 years$767$433$233$121$61$26
49 years$743$414$219$112$56$24
50 years$720$395$206$103$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $737,000, adding $3,255 every year, while hoping to spend $58,528 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: 62/17/21 Blend
54$737,000$737,000$737,000$737,000
55$815,532$776,471$765,047$861,450
56$836,442$752,244$728,403$868,623
57$857,525$724,869$688,569$869,654
58$878,734$694,130$645,378$869,448
59$900,019$659,796$598,653$867,891
60$921,323$621,628$548,209$864,862
61$942,579$579,369$493,855$860,226
62$963,712$532,748$435,390$853,842
63$984,638$481,480$372,603$845,556
64$1,005,261$425,263$305,275$835,201
65$1,025,474$363,777$233,178$822,596
66$1,045,155$296,685$156,072$807,548
67$1,064,169$223,631$73,709$789,846
68$1,082,364$144,238$0$769,262
69$1,099,568$58,108$0$748,730
70$1,115,591$0$0$742,636
71$1,130,220$0$0$740,802
72$1,143,218$0$0$748,693
73$1,154,320$0$0$755,257
74$1,163,231$0$0$760,293
75$1,169,622$0$0$763,574
76$1,173,130$0$0$764,850
77$1,173,347$0$0$763,843
78$1,169,824$0$0$760,245
79$1,162,061$0$0$753,711
80$1,149,503$0$0$743,863
81$1,131,535$0$0$730,279
82$1,107,475$0$0$712,490
83$1,076,567$0$0$689,981
84$1,037,974$0$0$662,178
85$990,771$0$0$628,446
86$933,931$0$0$588,083
87$866,319$0$0$540,312
88$786,680$0$0$484,275
89$693,626$0$0$419,020
90$585,622$0$0$343,498
91$460,970$0$0$256,548
92$317,796$0$0$156,886
93$154,028$0$0$43,095
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