Can I retire at age 55 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$61,109$60,564$60,033$59,515$59,009$57,143
2 years$30,252$29,688$29,142$28,613$28,099$26,236
3 years$19,967$19,402$18,857$18,333$17,827$16,026
4 years$14,826$14,262$13,723$13,208$12,715$10,988
5 years$11,743$11,182$10,650$10,145$9,665$8,019
6 years$9,687$9,131$8,607$8,113$7,648$6,083
7 years$8,220$7,668$7,152$6,670$6,220$4,736
8 years$7,120$6,573$6,066$5,595$5,160$3,756
9 years$6,265$5,723$5,224$4,766$4,345$3,020
10 years$5,581$5,044$4,555$4,108$3,703$2,453
11 years$5,022$4,491$4,010$3,575$3,184$2,009
12 years$4,556$4,031$3,559$3,136$2,759$1,656
13 years$4,163$3,643$3,179$2,769$2,406$1,372
14 years$3,826$3,311$2,857$2,458$2,109$1,142
15 years$3,534$3,025$2,579$2,192$1,857$953
16 years$3,278$2,775$2,338$1,963$1,641$798
17 years$3,054$2,556$2,128$1,763$1,455$669
18 years$2,854$2,362$1,942$1,589$1,294$563
19 years$2,675$2,189$1,778$1,436$1,153$474
20 years$2,515$2,034$1,632$1,301$1,030$399
21 years$2,370$1,894$1,501$1,180$922$337
22 years$2,238$1,768$1,383$1,073$826$285
23 years$2,119$1,654$1,277$977$742$241
24 years$2,009$1,550$1,181$891$667$203
25 years$1,908$1,454$1,094$814$600$172
26 years$1,815$1,367$1,015$744$540$146
27 years$1,729$1,286$942$681$487$124
28 years$1,649$1,212$876$624$440$105
29 years$1,575$1,143$815$572$397$89
30 years$1,506$1,080$759$525$359$75
31 years$1,442$1,021$708$483$324$64
32 years$1,382$966$661$443$293$54
33 years$1,325$915$617$408$266$46
34 years$1,272$867$576$375$240$39
35 years$1,222$822$539$345$218$33
36 years$1,175$780$504$318$197$28
37 years$1,131$741$472$293$179$24
38 years$1,089$704$442$270$162$20
39 years$1,049$670$414$249$147$17
40 years$1,012$637$388$230$133$15
41 years$976$607$364$212$121$12
42 years$942$578$341$196$110$10
43 years$910$551$320$181$100$9
44 years$879$525$301$167$90$8
45 years$850$500$282$154$82$6
46 years$822$477$265$142$75$5
47 years$796$456$249$131$68$5
48 years$770$435$234$121$61$4
49 years$746$415$220$112$56$3
50 years$722$397$207$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $740,000, adding $2,272 every year, while hoping to spend $27,756 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: 64/27/9 Blend
54$740,000$740,000$740,000$740,000
55$817,824$778,604$767,134$868,482
56$871,709$787,223$763,300$911,170
57$930,161$795,334$758,409$954,314
58$993,616$802,884$752,393$1,000,724
59$1,062,553$809,813$745,187$1,050,717
60$1,137,500$816,061$736,718$1,104,641
61$1,219,040$821,563$726,912$1,162,881
62$1,307,809$826,247$715,691$1,225,860
63$1,404,513$830,040$702,974$1,294,046
64$1,509,925$832,864$688,675$1,367,955
65$1,624,897$834,633$672,705$1,448,155
66$1,750,366$835,260$654,970$1,535,274
67$1,887,364$834,648$635,372$1,630,003
68$2,037,027$832,699$613,810$1,733,106
69$2,200,607$829,304$590,175$1,845,426
70$2,379,479$824,350$564,357$1,967,890
71$2,575,161$817,718$536,237$2,101,523
72$2,789,320$809,279$505,694$2,247,455
73$3,023,796$798,899$472,600$2,406,933
74$3,280,612$786,434$436,821$2,581,330
75$3,561,998$771,733$398,218$2,772,164
76$3,870,408$754,634$356,645$2,981,107
77$4,208,546$734,967$311,949$3,210,002
78$4,579,390$712,553$263,972$3,460,886
79$4,986,220$687,200$212,546$3,736,000
80$5,432,648$658,706$157,500$4,037,821
81$5,922,653$626,858$98,652$4,369,078
82$6,460,619$591,430$35,812$4,732,780
83$7,051,374$552,181$0$5,132,246
84$7,700,237$508,861$0$5,574,139
85$8,413,066$461,200$0$6,063,359
86$9,196,318$408,918$0$6,600,937
87$10,057,103$351,715$0$7,191,802
88$11,003,254$289,276$0$7,841,391
89$12,043,404$221,268$0$8,555,697
90$13,187,059$147,339$0$9,341,326
91$14,444,698$67,117$0$10,205,561
92$15,827,861$0$0$11,156,432
93$17,349,265$0$0$12,208,670
94$19,022,922$0$0$13,388,203
95$20,864,270$0$0$14,685,977
96$22,890,316$0$0$16,113,988
97$25,119,803$0$0$17,685,453
98$27,573,379$0$0$19,414,933
99$30,273,798$0$0$21,318,476
100$33,246,130$0$0$23,413,762