Can I retire at age 55 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$61,191$60,646$60,114$59,595$59,088$56,992
2 years$30,293$29,728$29,182$28,652$28,137$26,047
3 years$19,994$19,428$18,882$18,357$17,851$15,834
4 years$14,846$14,282$13,742$13,225$12,732$10,802
5 years$11,758$11,197$10,664$10,158$9,679$7,842
6 years$9,700$9,143$8,618$8,124$7,658$5,916
7 years$8,231$7,678$7,162$6,679$6,228$4,579
8 years$7,129$6,582$6,074$5,603$5,167$3,610
9 years$6,273$5,731$5,231$4,772$4,351$2,885
10 years$5,588$5,051$4,561$4,114$3,708$2,329
11 years$5,029$4,497$4,015$3,580$3,189$1,896
12 years$4,562$4,036$3,563$3,140$2,763$1,552
13 years$4,168$3,647$3,184$2,772$2,410$1,277
14 years$3,831$3,315$2,861$2,461$2,112$1,055
15 years$3,538$3,029$2,583$2,195$1,860$875
16 years$3,283$2,779$2,342$1,965$1,644$727
17 years$3,058$2,559$2,131$1,766$1,457$605
18 years$2,858$2,365$1,945$1,591$1,296$505
19 years$2,679$2,192$1,781$1,438$1,155$422
20 years$2,518$2,037$1,634$1,302$1,032$353
21 years$2,373$1,897$1,503$1,182$923$296
22 years$2,242$1,771$1,385$1,075$828$248
23 years$2,121$1,656$1,279$979$743$208
24 years$2,011$1,552$1,183$893$668$174
25 years$1,910$1,456$1,096$815$601$146
26 years$1,817$1,369$1,016$745$541$123
27 years$1,731$1,288$944$682$488$103
28 years$1,652$1,214$877$625$440$87
29 years$1,577$1,145$816$573$398$73
30 years$1,508$1,081$760$526$359$61
31 years$1,444$1,022$709$483$325$52
32 years$1,384$967$661$444$294$43
33 years$1,327$916$618$408$266$37
34 years$1,274$868$577$376$241$31
35 years$1,224$823$539$346$218$26
36 years$1,177$782$505$319$198$22
37 years$1,132$742$472$293$179$18
38 years$1,090$705$442$270$162$15
39 years$1,051$671$414$249$147$13
40 years$1,013$638$388$230$134$11
41 years$977$608$364$212$121$9
42 years$943$579$342$196$110$8
43 years$911$551$321$181$100$7
44 years$880$525$301$167$91$5
45 years$851$501$283$154$82$5
46 years$823$478$265$142$75$4
47 years$797$456$249$132$68$3
48 years$771$435$234$122$62$3
49 years$747$416$220$112$56$2
50 years$723$397$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $741,000, adding $2,823 every year, while hoping to spend $36,083 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: 76/16/8 Blend
54$741,000$741,000$741,000$741,000
55$819,494$780,221$768,735$880,598
56$864,690$780,060$756,096$921,015
57$913,287$778,681$741,824$960,411
58$965,594$775,988$725,826$1,002,554
59$1,021,949$771,876$708,006$1,047,702
60$1,082,725$766,235$688,261$1,096,140
61$1,148,331$758,948$666,486$1,148,184
62$1,219,216$749,893$642,569$1,204,179
63$1,295,876$738,937$616,394$1,264,508
64$1,378,852$725,941$587,840$1,329,592
65$1,468,741$710,759$556,780$1,399,897
66$1,566,201$693,234$523,080$1,475,934
67$1,671,952$673,201$486,602$1,558,270
68$1,786,789$650,486$447,201$1,647,528
69$1,911,585$624,903$404,725$1,744,395
70$2,047,300$596,257$359,017$1,849,632
71$2,194,991$564,340$309,910$1,964,073
72$2,355,821$528,933$257,233$2,088,643
73$2,531,069$489,805$200,805$2,224,359
74$2,722,143$446,711$140,437$2,372,344
75$2,930,594$399,392$75,934$2,533,836
76$3,158,126$347,574$7,090$2,710,202
77$3,406,618$290,969$0$2,902,948
78$3,678,137$229,270$0$3,119,401
79$3,974,958$162,155$0$3,356,743
80$4,299,587$89,284$0$3,616,408
81$4,654,782$10,296$0$3,900,648
82$5,043,581$0$0$4,211,941
83$5,469,329$0$0$4,566,261
84$5,935,709$0$0$4,956,409
85$6,446,778$0$0$5,383,972
86$7,007,003$0$0$5,852,689
87$7,621,305$0$0$6,366,681
88$8,295,103$0$0$6,930,486
89$9,034,365$0$0$7,549,103
90$9,845,667$0$0$8,228,037
91$10,736,251$0$0$8,973,355
92$11,714,093$0$0$9,791,735
93$12,787,981$0$0$10,690,538
94$13,967,596$0$0$11,677,870
95$15,263,602$0$0$12,762,662
96$16,687,747$0$0$13,954,754
97$18,252,973$0$0$15,264,982
98$19,973,539$0$0$16,705,290
99$21,865,154$0$0$18,288,833
100$23,945,124$0$0$20,030,104