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%11.2%
1 years$60,943$60,400$59,871$59,354$58,849$58,552
2 years$30,170$29,608$29,064$28,536$28,023$27,723
3 years$19,914$19,349$18,806$18,283$17,779$17,486
4 years$14,786$14,224$13,686$13,172$12,680$12,396
5 years$11,711$11,152$10,621$10,117$9,639$9,364
6 years$9,661$9,106$8,583$8,091$7,627$7,362
7 years$8,198$7,647$7,133$6,652$6,203$5,948
8 years$7,100$6,555$6,049$5,580$5,146$4,901
9 years$6,248$5,707$5,210$4,753$4,334$4,099
10 years$5,566$5,031$4,542$4,097$3,693$3,468
11 years$5,008$4,479$3,999$3,566$3,176$2,961
12 years$4,544$4,020$3,549$3,128$2,752$2,547
13 years$4,151$3,633$3,171$2,761$2,400$2,204
14 years$3,815$3,302$2,849$2,451$2,104$1,917
15 years$3,524$3,016$2,572$2,186$1,852$1,675
16 years$3,270$2,768$2,332$1,957$1,637$1,468
17 years$3,045$2,549$2,122$1,759$1,451$1,291
18 years$2,846$2,355$1,937$1,585$1,291$1,139
19 years$2,668$2,183$1,773$1,432$1,150$1,006
20 years$2,508$2,028$1,628$1,297$1,027$891
21 years$2,364$1,889$1,497$1,177$919$791
22 years$2,232$1,764$1,380$1,070$824$703
23 years$2,113$1,649$1,274$975$740$625
24 years$2,003$1,545$1,178$889$665$557
25 years$1,903$1,450$1,091$812$598$496
26 years$1,810$1,363$1,012$742$539$443
27 years$1,724$1,283$940$679$486$396
28 years$1,645$1,209$874$623$438$354
29 years$1,571$1,140$813$571$396$316
30 years$1,502$1,077$757$524$358$283
31 years$1,438$1,018$706$481$323$254
32 years$1,378$963$659$442$293$227
33 years$1,322$912$615$407$265$204
34 years$1,269$865$575$374$240$182
35 years$1,219$820$537$344$217$164
36 years$1,172$778$503$317$197$147
37 years$1,128$739$470$292$178$132
38 years$1,086$703$441$269$162$118
39 years$1,046$668$413$248$147$106
40 years$1,009$636$387$229$133$95
41 years$973$605$363$211$121$86
42 years$940$576$340$195$109$77
43 years$907$549$319$180$99$69
44 years$877$523$300$166$90$62
45 years$848$499$281$154$82$56
46 years$820$476$264$142$74$50
47 years$793$454$248$131$67$45
48 years$768$434$233$121$61$40
49 years$744$414$219$112$56$36
50 years$721$396$206$103$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $738,000, adding $2,098 every year, while hoping to spend $23,257 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: 47/48/5 Blend
54$738,000$738,000$738,000$738,000
55$815,440$776,326$764,887$852,612
56$873,870$789,621$765,766$891,583
57$937,480$802,787$765,894$931,222
58$1,006,774$815,795$765,223$973,686
59$1,082,307$828,611$763,699$1,019,243
60$1,164,688$841,199$761,270$1,068,187
61$1,254,590$853,522$757,876$1,120,845
62$1,352,752$865,539$753,459$1,177,575
63$1,459,988$877,205$747,955$1,238,775
64$1,577,193$888,474$741,297$1,304,882
65$1,705,354$899,297$733,418$1,376,377
66$1,845,557$909,619$724,245$1,453,793
67$1,998,998$919,385$713,701$1,537,716
68$2,166,994$928,532$701,708$1,628,794
69$2,350,994$936,997$688,181$1,727,741
70$2,552,595$944,710$673,036$1,835,344
71$2,773,557$951,598$656,179$1,952,474
72$3,015,815$957,582$637,517$2,080,089
73$3,281,504$962,578$616,949$2,219,247
74$3,572,972$966,500$594,372$2,371,114
75$3,892,808$969,251$569,676$2,536,978
76$4,243,861$970,731$542,747$2,718,260
77$4,629,273$970,835$513,467$2,916,525
78$5,052,502$969,449$481,711$3,133,503
79$5,517,358$966,453$447,350$3,371,099
80$6,028,039$961,719$410,246$3,631,416
81$6,589,168$955,112$370,258$3,916,775
82$7,205,840$946,490$327,239$4,229,733
83$7,883,666$935,699$281,032$4,573,113
84$8,628,830$922,578$231,477$4,950,027
85$9,448,144$906,957$178,404$5,363,910
86$10,349,111$888,654$121,637$5,818,548
87$11,340,000$867,478$60,991$6,318,117
88$12,429,921$843,226$0$6,867,225
89$13,628,912$815,682$0$7,471,149
90$14,948,030$784,620$0$8,138,779
91$16,399,461$749,798$0$8,873,048
92$17,996,630$710,962$0$9,680,780
93$19,754,330$667,843$0$10,569,503
94$21,688,859$620,155$0$11,547,513
95$23,818,177$567,597$0$12,623,963
96$26,162,073$509,851$0$13,808,940
97$28,742,351$446,580$0$15,113,569
98$31,583,038$377,429$0$16,550,115
99$34,710,607$302,023$0$18,132,101
100$38,154,230$219,963$0$19,874,436