Can I retire at age 55 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$61,274$60,728$60,195$59,676$59,168$58,845
2 years$30,333$29,769$29,221$28,690$28,175$27,849
3 years$20,021$19,454$18,908$18,382$17,876$17,556
4 years$14,866$14,301$13,760$13,243$12,749$12,439
5 years$11,774$11,212$10,678$10,172$9,692$9,392
6 years$9,713$9,155$8,630$8,135$7,669$7,380
7 years$8,242$7,689$7,171$6,688$6,237$5,960
8 years$7,139$6,591$6,082$5,610$5,174$4,908
9 years$6,281$5,738$5,238$4,779$4,357$4,102
10 years$5,596$5,058$4,567$4,119$3,713$3,468
11 years$5,035$4,503$4,021$3,585$3,193$2,960
12 years$4,569$4,042$3,568$3,145$2,767$2,544
13 years$4,174$3,652$3,188$2,776$2,413$2,200
14 years$3,836$3,320$2,864$2,464$2,115$1,913
15 years$3,543$3,033$2,586$2,198$1,862$1,670
16 years$3,287$2,783$2,345$1,968$1,646$1,463
17 years$3,062$2,563$2,134$1,768$1,459$1,286
18 years$2,862$2,368$1,948$1,593$1,298$1,133
19 years$2,683$2,195$1,783$1,440$1,157$1,001
20 years$2,522$2,039$1,636$1,304$1,033$885
21 years$2,376$1,900$1,505$1,184$924$785
22 years$2,245$1,773$1,387$1,076$829$697
23 years$2,124$1,658$1,281$980$744$620
24 years$2,014$1,554$1,185$894$669$551
25 years$1,913$1,458$1,097$816$602$491
26 years$1,820$1,370$1,018$746$542$438
27 years$1,734$1,290$945$683$489$391
28 years$1,654$1,215$878$626$441$349
29 years$1,580$1,147$817$574$398$312
30 years$1,510$1,083$761$527$360$279
31 years$1,446$1,024$710$484$325$250
32 years$1,385$969$662$445$294$224
33 years$1,329$917$618$409$266$200
34 years$1,276$869$578$376$241$179
35 years$1,226$825$540$346$218$161
36 years$1,178$783$505$319$198$144
37 years$1,134$743$473$294$179$129
38 years$1,092$706$443$271$163$116
39 years$1,052$672$415$250$147$104
40 years$1,014$639$389$230$134$93
41 years$979$608$365$213$121$84
42 years$945$579$342$196$110$75
43 years$912$552$321$181$100$67
44 years$882$526$301$167$91$60
45 years$852$502$283$154$82$54
46 years$824$479$266$143$75$49
47 years$798$457$250$132$68$44
48 years$772$436$235$122$62$39
49 years$748$416$221$113$56$35
50 years$724$398$207$104$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $742,000, adding $4,584 every year, while hoping to spend $37,507 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: 38/32/30 Blend
54$742,000$742,000$742,000$742,000
55$822,412$783,086$771,585$846,185
56$866,391$781,550$757,526$862,606
57$913,599$778,682$741,739$876,598
58$964,325$774,377$724,127$891,017
59$1,018,888$768,523$704,586$905,929
60$1,077,636$761,002$683,012$921,406
61$1,140,954$751,690$659,292$937,532
62$1,209,262$740,454$633,309$954,404
63$1,283,024$727,153$604,941$972,129
64$1,362,747$711,638$574,062$990,833
65$1,448,991$693,752$540,537$1,010,654
66$1,542,370$673,328$504,227$1,031,750
67$1,643,560$650,189$464,986$1,054,301
68$1,753,302$624,148$422,662$1,078,507
69$1,872,415$595,007$377,097$1,104,595
70$2,001,795$562,556$328,125$1,132,819
71$2,142,432$526,576$275,571$1,163,465
72$2,295,413$486,830$219,254$1,196,853
73$2,461,932$443,072$158,987$1,233,343
74$2,643,307$395,040$94,570$1,273,337
75$2,840,985$342,458$25,799$1,317,285
76$3,056,560$285,033$0$1,365,690
77$3,291,786$222,456$0$1,434,347
78$3,548,594$154,403$0$1,518,451
79$3,829,110$80,528$0$1,610,511
80$4,135,673$467$0$1,711,383
81$4,470,859$0$0$1,822,015
82$4,837,504$0$0$1,973,801
83$5,238,732$0$0$2,140,182
84$5,677,981$0$0$2,322,434
85$6,159,037$0$0$2,522,140
86$6,686,071$0$0$2,741,045
87$7,263,676$0$0$2,981,070
88$7,896,907$0$0$3,244,331
89$8,591,338$0$0$3,533,159
90$9,353,102$0$0$3,850,122
91$10,188,957$0$0$4,198,048
92$11,106,348$0$0$4,580,051
93$12,113,473$0$0$4,999,563
94$13,219,365$0$0$5,460,364
95$14,433,972$0$0$5,966,619
96$15,768,256$0$0$6,522,915
97$17,234,290$0$0$7,134,305
98$18,845,377$0$0$7,806,358
99$20,616,170$0$0$8,545,207
100$22,562,814$0$0$9,357,611