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%14.7%
1 years$60,861$60,319$59,790$59,274$58,769$57,630
2 years$30,129$29,568$29,024$28,497$27,985$26,842
3 years$19,887$19,323$18,781$18,258$17,755$16,644
4 years$14,766$14,204$13,667$13,154$12,663$11,592
5 years$11,695$11,136$10,606$10,104$9,626$8,598
6 years$9,648$9,094$8,572$8,080$7,617$6,634
7 years$8,187$7,637$7,123$6,643$6,195$5,256
8 years$7,091$6,546$6,041$5,573$5,139$4,245
9 years$6,239$5,700$5,203$4,747$4,328$3,477
10 years$5,558$5,024$4,536$4,092$3,688$2,880
11 years$5,001$4,473$3,994$3,561$3,171$2,406
12 years$4,538$4,014$3,544$3,123$2,748$2,024
13 years$4,146$3,628$3,166$2,758$2,397$1,712
14 years$3,810$3,298$2,845$2,448$2,101$1,455
15 years$3,519$3,012$2,569$2,183$1,850$1,241
16 years$3,265$2,764$2,329$1,955$1,635$1,062
17 years$3,041$2,545$2,119$1,756$1,449$912
18 years$2,842$2,352$1,935$1,583$1,289$784
19 years$2,665$2,180$1,771$1,430$1,149$675
20 years$2,505$2,026$1,625$1,295$1,026$583
21 years$2,360$1,887$1,495$1,176$918$504
22 years$2,229$1,761$1,378$1,069$823$436
23 years$2,110$1,647$1,272$973$739$378
24 years$2,001$1,543$1,177$888$664$327
25 years$1,900$1,448$1,090$811$598$284
26 years$1,808$1,361$1,011$741$538$246
27 years$1,722$1,281$939$679$485$214
28 years$1,643$1,207$872$622$438$186
29 years$1,569$1,139$812$570$395$162
30 years$1,500$1,075$756$523$357$141
31 years$1,436$1,017$705$481$323$122
32 years$1,376$962$658$442$292$107
33 years$1,320$911$614$406$264$93
34 years$1,267$863$574$374$239$81
35 years$1,217$819$537$344$217$70
36 years$1,171$777$502$317$196$61
37 years$1,126$738$470$292$178$53
38 years$1,085$702$440$269$161$46
39 years$1,045$667$412$248$146$40
40 years$1,008$635$386$229$133$35
41 years$972$604$362$211$120$31
42 years$938$575$340$195$109$27
43 years$906$548$319$180$99$23
44 years$876$523$299$166$90$20
45 years$847$498$281$153$82$18
46 years$819$475$264$142$74$15
47 years$792$454$248$131$67$13
48 years$767$433$233$121$61$12
49 years$743$414$219$112$56$10
50 years$720$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 $737,000, adding $2,151 every year, while hoping to spend $23,260 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: 45/27/28 Blend
54$737,000$737,000$737,000$737,000
55$814,393$775,332$763,908$844,362
56$872,712$788,575$764,751$879,125
57$936,201$801,687$764,842$914,403
58$1,005,361$814,637$764,132$952,217
59$1,080,747$827,393$762,569$992,818
60$1,162,965$839,918$760,097$1,036,481
61$1,252,688$852,174$756,661$1,083,512
62$1,350,652$864,120$752,199$1,134,247
63$1,457,670$875,713$746,649$1,189,058
64$1,574,634$886,905$739,944$1,248,357
65$1,702,530$897,647$732,015$1,312,597
66$1,842,441$907,884$722,790$1,382,279
67$1,995,559$917,560$712,193$1,457,958
68$2,163,199$926,613$700,144$1,540,243
69$2,346,808$934,980$686,561$1,629,811
70$2,547,977$942,589$671,356$1,727,406
71$2,768,463$949,367$654,438$1,833,851
72$3,010,196$955,237$635,713$1,950,055
73$3,275,306$960,113$615,079$2,077,021
74$3,566,137$963,908$592,433$2,215,856
75$3,885,269$966,526$567,667$2,367,782
76$4,235,548$967,868$540,665$2,534,148
77$4,620,106$967,825$511,309$2,716,442
78$5,042,394$966,285$479,474$2,916,309
79$5,506,212$963,127$445,031$3,135,560
80$6,015,749$958,224$407,843$3,376,198
81$6,575,618$951,439$367,768$3,640,431
82$7,190,900$942,629$324,658$3,930,695
83$7,867,196$931,642$278,357$4,249,679
84$8,610,672$918,315$228,705$4,600,350
85$9,428,125$902,477$175,531$4,985,979
86$10,327,042$883,946$118,660$5,410,177
87$11,315,672$862,531$57,907$5,876,928
88$12,403,104$838,028$0$6,390,625
89$13,599,350$810,221$0$6,958,185
90$14,915,444$778,882$0$7,601,481
91$16,363,541$743,770$0$8,309,153
92$17,957,037$704,629$0$9,087,772
93$19,710,688$661,189$0$9,944,578
94$21,640,755$613,164$0$10,887,554
95$23,765,156$560,253$0$11,925,499
96$26,103,633$502,136$0$13,068,112
97$28,677,939$438,476$0$14,326,084
98$31,512,044$368,917$0$15,711,202
99$34,632,359$293,081$0$17,236,454
100$38,067,989$210,571$0$18,916,160