Can I retire at age 55 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$60,943$60,400$59,871$59,354$58,849$56,874
2 years$30,170$29,608$29,064$28,536$28,023$26,053
3 years$19,914$19,349$18,806$18,283$17,779$15,876
4 years$14,786$14,224$13,686$13,172$12,680$10,858
5 years$11,711$11,152$10,621$10,117$9,639$7,903
6 years$9,661$9,106$8,583$8,091$7,627$5,978
7 years$8,198$7,647$7,133$6,652$6,203$4,641
8 years$7,100$6,555$6,049$5,580$5,146$3,670
9 years$6,248$5,707$5,210$4,753$4,334$2,942
10 years$5,566$5,031$4,542$4,097$3,693$2,383
11 years$5,008$4,479$3,999$3,566$3,176$1,945
12 years$4,544$4,020$3,549$3,128$2,752$1,598
13 years$4,151$3,633$3,171$2,761$2,400$1,319
14 years$3,815$3,302$2,849$2,451$2,104$1,094
15 years$3,524$3,016$2,572$2,186$1,852$910
16 years$3,270$2,768$2,332$1,957$1,637$759
17 years$3,045$2,549$2,122$1,759$1,451$634
18 years$2,846$2,355$1,937$1,585$1,291$531
19 years$2,668$2,183$1,773$1,432$1,150$446
20 years$2,508$2,028$1,628$1,297$1,027$374
21 years$2,364$1,889$1,497$1,177$919$314
22 years$2,232$1,764$1,380$1,070$824$265
23 years$2,113$1,649$1,274$975$740$223
24 years$2,003$1,545$1,178$889$665$188
25 years$1,903$1,450$1,091$812$598$158
26 years$1,810$1,363$1,012$742$539$133
27 years$1,724$1,283$940$679$486$113
28 years$1,645$1,209$874$623$438$95
29 years$1,571$1,140$813$571$396$80
30 years$1,502$1,077$757$524$358$68
31 years$1,438$1,018$706$481$323$57
32 years$1,378$963$659$442$293$48
33 years$1,322$912$615$407$265$41
34 years$1,269$865$575$374$240$34
35 years$1,219$820$537$344$217$29
36 years$1,172$778$503$317$197$25
37 years$1,128$739$470$292$178$21
38 years$1,086$703$441$269$162$18
39 years$1,046$668$413$248$147$15
40 years$1,009$636$387$229$133$13
41 years$973$605$363$211$121$11
42 years$940$576$340$195$109$9
43 years$907$549$319$180$99$8
44 years$877$523$300$166$90$6
45 years$848$499$281$154$82$5
46 years$820$476$264$142$74$5
47 years$793$454$248$131$67$4
48 years$768$434$233$121$61$3
49 years$744$414$219$112$56$3
50 years$721$396$206$103$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $738,000, adding $6,998 every year, while hoping to spend $20,082 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: 33/40/27 Blend
54$738,000$738,000$738,000$738,000
55$820,494$781,380$769,941$840,647
56$882,818$798,301$774,367$873,427
57$950,825$815,378$778,269$906,455
58$1,025,075$832,597$781,606$941,656
59$1,106,182$849,943$784,339$979,237
60$1,194,823$867,401$786,425$1,019,426
61$1,291,744$884,953$787,820$1,062,473
62$1,397,765$902,578$788,474$1,108,656
63$1,513,789$920,257$788,340$1,158,281
64$1,640,811$937,965$787,366$1,211,684
65$1,779,927$955,679$785,496$1,269,240
66$1,932,343$973,370$782,673$1,331,358
67$2,099,388$991,011$778,838$1,398,495
68$2,282,524$1,008,570$773,928$1,471,151
69$2,483,364$1,026,012$767,877$1,549,880
70$2,703,682$1,043,302$760,616$1,635,292
71$2,945,434$1,060,400$752,073$1,728,062
72$3,210,773$1,077,264$742,172$1,828,935
73$3,502,070$1,093,848$730,834$1,938,733
74$3,821,940$1,110,106$717,975$2,058,361
75$4,173,260$1,125,983$703,510$2,188,821
76$4,559,202$1,141,425$687,346$2,331,217
77$4,983,258$1,156,372$669,390$2,486,769
78$5,449,276$1,170,761$649,541$2,656,820
79$5,961,497$1,184,523$627,695$2,842,856
80$6,524,591$1,197,586$603,744$3,046,514
81$7,143,704$1,209,872$577,574$3,269,602
82$7,824,505$1,221,299$549,066$3,514,112
83$8,573,240$1,231,778$518,095$3,782,246
84$9,396,791$1,241,216$484,532$4,076,430
85$10,302,740$1,249,512$448,240$4,399,341
86$11,299,442$1,256,560$409,078$4,753,934
87$12,396,100$1,262,247$366,898$5,143,468
88$13,602,858$1,266,452$321,544$5,571,535
89$14,930,888$1,269,048$272,855$6,042,103
90$16,392,505$1,269,897$220,662$6,559,543
91$18,001,275$1,268,857$164,788$7,128,681
92$19,772,147$1,265,772$105,050$7,754,836
93$21,721,591$1,260,481$41,255$8,443,878
94$23,867,759$1,252,809$0$9,202,276
95$26,230,649$1,242,575$0$10,044,899
96$28,832,297$1,229,584$0$10,985,074
97$31,696,986$1,213,628$0$12,019,648
98$34,851,473$1,194,490$0$13,158,258
99$38,325,242$1,171,939$0$14,411,529
100$42,150,781$1,145,728$0$15,791,173