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%11.8%
1 years$60,943$60,400$59,871$59,354$58,849$58,405
2 years$30,170$29,608$29,064$28,536$28,023$27,575
3 years$19,914$19,349$18,806$18,283$17,779$17,342
4 years$14,786$14,224$13,686$13,172$12,680$12,256
5 years$11,711$11,152$10,621$10,117$9,639$9,230
6 years$9,661$9,106$8,583$8,091$7,627$7,233
7 years$8,198$7,647$7,133$6,652$6,203$5,825
8 years$7,100$6,555$6,049$5,580$5,146$4,783
9 years$6,248$5,707$5,210$4,753$4,334$3,986
10 years$5,566$5,031$4,542$4,097$3,693$3,360
11 years$5,008$4,479$3,999$3,566$3,176$2,859
12 years$4,544$4,020$3,549$3,128$2,752$2,450
13 years$4,151$3,633$3,171$2,761$2,400$2,112
14 years$3,815$3,302$2,849$2,451$2,104$1,830
15 years$3,524$3,016$2,572$2,186$1,852$1,592
16 years$3,270$2,768$2,332$1,957$1,637$1,390
17 years$3,045$2,549$2,122$1,759$1,451$1,218
18 years$2,846$2,355$1,937$1,585$1,291$1,069
19 years$2,668$2,183$1,773$1,432$1,150$941
20 years$2,508$2,028$1,628$1,297$1,027$830
21 years$2,364$1,889$1,497$1,177$919$733
22 years$2,232$1,764$1,380$1,070$824$648
23 years$2,113$1,649$1,274$975$740$574
24 years$2,003$1,545$1,178$889$665$509
25 years$1,903$1,450$1,091$812$598$452
26 years$1,810$1,363$1,012$742$539$401
27 years$1,724$1,283$940$679$486$357
28 years$1,645$1,209$874$623$438$317
29 years$1,571$1,140$813$571$396$282
30 years$1,502$1,077$757$524$358$252
31 years$1,438$1,018$706$481$323$224
32 years$1,378$963$659$442$293$200
33 years$1,322$912$615$407$265$178
34 years$1,269$865$575$374$240$159
35 years$1,219$820$537$344$217$142
36 years$1,172$778$503$317$197$127
37 years$1,128$739$470$292$178$113
38 years$1,086$703$441$269$162$101
39 years$1,046$668$413$248$147$90
40 years$1,009$636$387$229$133$80
41 years$973$605$363$211$121$72
42 years$940$576$340$195$109$64
43 years$907$549$319$180$99$57
44 years$877$523$300$166$90$51
45 years$848$499$281$154$82$46
46 years$820$476$264$142$74$41
47 years$793$454$248$131$67$37
48 years$768$434$233$121$61$33
49 years$744$414$219$112$56$29
50 years$721$396$206$103$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $738,000, adding $4,571 every year, while hoping to spend $48,988 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: 55/31/14 Blend
54$738,000$738,000$738,000$738,000
55$817,991$778,877$767,438$859,750
56$849,303$764,919$741,024$874,686
57$882,167$748,635$712,084$885,247
58$916,690$729,860$680,480$895,622
59$952,987$708,418$646,071$905,803
60$991,185$684,123$608,707$915,784
61$1,031,420$656,780$568,233$925,564
62$1,073,841$626,179$524,486$935,140
63$1,118,612$592,100$477,295$944,516
64$1,165,910$554,312$426,484$953,698
65$1,215,928$512,569$371,866$962,697
66$1,268,877$466,609$313,248$971,527
67$1,324,988$416,158$250,427$980,210
68$1,384,512$360,926$183,192$988,775
69$1,447,727$300,606$111,323$997,255
70$1,514,932$234,872$34,589$1,005,696
71$1,586,457$163,383$0$1,014,152
72$1,662,663$85,776$0$1,029,751
73$1,743,946$1,670$0$1,051,481
74$1,830,737$0$0$1,074,299
75$1,923,512$0$0$1,128,830
76$2,022,791$0$0$1,187,837
77$2,129,143$0$0$1,251,094
78$2,243,193$0$0$1,318,980
79$2,365,629$0$0$1,391,908
80$2,497,202$0$0$1,470,335
81$2,638,739$0$0$1,554,759
82$2,791,148$0$0$1,645,730
83$2,955,426$0$0$1,743,850
84$3,132,666$0$0$1,849,781
85$3,324,072$0$0$1,964,252
86$3,530,966$0$0$2,088,060
87$3,754,800$0$0$2,222,086
88$3,997,171$0$0$2,367,296
89$4,259,834$0$0$2,524,751
90$4,544,720$0$0$2,695,620
91$4,853,951$0$0$2,881,189
92$5,189,862$0$0$3,082,870
93$5,555,022$0$0$3,302,218
94$5,952,255$0$0$3,540,944
95$6,384,671$0$0$3,800,929
96$6,855,690$0$0$4,084,246
97$7,369,075$0$0$4,393,173
98$7,928,971$0$0$4,730,219
99$8,539,936$0$0$5,098,145
100$9,206,988$0$0$5,499,992