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%19%
1 years$60,861$60,319$59,790$59,274$58,769$56,639
2 years$30,129$29,568$29,024$28,497$27,985$25,863
3 years$19,887$19,323$18,781$18,258$17,755$15,706
4 years$14,766$14,204$13,667$13,154$12,663$10,704
5 years$11,695$11,136$10,606$10,104$9,626$7,762
6 years$9,648$9,094$8,572$8,080$7,617$5,849
7 years$8,187$7,637$7,123$6,643$6,195$4,523
8 years$7,091$6,546$6,041$5,573$5,139$3,562
9 years$6,239$5,700$5,203$4,747$4,328$2,843
10 years$5,558$5,024$4,536$4,092$3,688$2,292
11 years$5,001$4,473$3,994$3,561$3,171$1,863
12 years$4,538$4,014$3,544$3,123$2,748$1,523
13 years$4,146$3,628$3,166$2,758$2,397$1,252
14 years$3,810$3,298$2,845$2,448$2,101$1,033
15 years$3,519$3,012$2,569$2,183$1,850$855
16 years$3,265$2,764$2,329$1,955$1,635$709
17 years$3,041$2,545$2,119$1,756$1,449$590
18 years$2,842$2,352$1,935$1,583$1,289$491
19 years$2,665$2,180$1,771$1,430$1,149$410
20 years$2,505$2,026$1,625$1,295$1,026$342
21 years$2,360$1,887$1,495$1,176$918$286
22 years$2,229$1,761$1,378$1,069$823$240
23 years$2,110$1,647$1,272$973$739$201
24 years$2,001$1,543$1,177$888$664$168
25 years$1,900$1,448$1,090$811$598$141
26 years$1,808$1,361$1,011$741$538$118
27 years$1,722$1,281$939$679$485$99
28 years$1,643$1,207$872$622$438$83
29 years$1,569$1,139$812$570$395$70
30 years$1,500$1,075$756$523$357$59
31 years$1,436$1,017$705$481$323$49
32 years$1,376$962$658$442$292$41
33 years$1,320$911$614$406$264$35
34 years$1,267$863$574$374$239$29
35 years$1,217$819$537$344$217$24
36 years$1,171$777$502$317$196$21
37 years$1,126$738$470$292$178$17
38 years$1,085$702$440$269$161$15
39 years$1,045$667$412$248$146$12
40 years$1,008$635$386$229$133$10
41 years$972$604$362$211$120$9
42 years$938$575$340$195$109$7
43 years$906$548$319$180$99$6
44 years$876$523$299$166$90$5
45 years$847$498$281$153$82$4
46 years$819$475$264$142$74$4
47 years$792$454$248$131$67$3
48 years$767$433$233$121$61$3
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $737,000, adding $3,590 every year, while hoping to spend $43,771 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: 58/31/11 Blend
54$737,000$737,000$737,000$737,000
55$815,877$776,816$765,393$860,814
56$852,525$768,308$744,461$883,014
57$891,443$757,916$721,362$901,998
58$932,818$745,502$695,975$921,638
59$976,852$730,918$668,177$942,002
60$1,023,768$714,010$637,838$963,167
61$1,073,808$694,612$604,821$985,219
62$1,127,240$672,551$568,986$1,008,256
63$1,184,354$647,642$530,183$1,032,388
64$1,245,471$619,690$488,257$1,057,737
65$1,310,942$588,488$443,046$1,084,444
66$1,381,152$553,817$394,382$1,112,664
67$1,456,523$515,447$342,087$1,142,571
68$1,537,518$473,134$285,977$1,174,362
69$1,624,646$426,619$225,858$1,208,256
70$1,718,465$375,629$161,530$1,244,499
71$1,819,590$319,876$92,783$1,283,365
72$1,928,693$259,055$19,396$1,325,160
73$2,046,515$192,844$0$1,370,228
74$2,173,870$120,903$0$1,425,866
75$2,311,651$42,874$0$1,488,464
76$2,460,841$0$0$1,556,248
77$2,622,520$0$0$1,643,978
78$2,797,878$0$0$1,755,044
79$2,988,219$0$0$1,875,655
80$3,194,981$0$0$2,006,729
81$3,419,745$0$0$2,149,274
82$3,664,249$0$0$2,304,402
83$3,930,407$0$0$2,473,334
84$4,220,323$0$0$2,657,414
85$4,536,315$0$0$2,858,122
86$4,880,933$0$0$3,077,086
87$5,256,981$0$0$3,316,099
88$5,667,550$0$0$3,577,134
89$6,116,038$0$0$3,862,362
90$6,606,190$0$0$4,174,174
91$7,142,127$0$0$4,515,204
92$7,728,385$0$0$4,888,349
93$8,369,961$0$0$5,296,802
94$9,072,357$0$0$5,744,078
95$9,841,629$0$0$6,234,046
96$10,684,450$0$0$6,770,969
97$11,608,166$0$0$7,359,541
98$12,620,870$0$0$8,004,932
99$13,731,472$0$0$8,712,837
100$14,949,788$0$0$9,489,528