Can I retire at age 55 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$61,356$60,810$60,277$59,756$59,248$57,910
2 years$30,374$29,809$29,260$28,729$28,213$26,872
3 years$20,048$19,480$18,933$18,407$17,900$16,598
4 years$14,886$14,320$13,779$13,261$12,766$11,513
5 years$11,790$11,227$10,693$10,186$9,705$8,504
6 years$9,727$9,168$8,641$8,146$7,679$6,532
7 years$8,253$7,699$7,181$6,697$6,245$5,153
8 years$7,149$6,600$6,090$5,618$5,181$4,142
9 years$6,290$5,746$5,245$4,785$4,363$3,377
10 years$5,603$5,065$4,573$4,125$3,718$2,783
11 years$5,042$4,509$4,026$3,590$3,197$2,314
12 years$4,575$4,047$3,573$3,149$2,771$1,936
13 years$4,179$3,657$3,192$2,780$2,416$1,629
14 years$3,841$3,324$2,868$2,468$2,118$1,377
15 years$3,548$3,037$2,590$2,201$1,865$1,168
16 years$3,292$2,786$2,348$1,971$1,648$994
17 years$3,066$2,566$2,136$1,771$1,461$848
18 years$2,865$2,371$1,950$1,596$1,299$725
19 years$2,686$2,198$1,785$1,442$1,158$621
20 years$2,525$2,042$1,639$1,306$1,034$533
21 years$2,380$1,902$1,507$1,185$926$458
22 years$2,248$1,776$1,389$1,078$830$393
23 years$2,127$1,661$1,283$981$745$339
24 years$2,017$1,556$1,186$895$669$292
25 years$1,916$1,460$1,099$817$602$251
26 years$1,822$1,372$1,019$747$543$217
27 years$1,736$1,292$946$684$489$187
28 years$1,656$1,217$880$627$441$162
29 years$1,582$1,148$819$575$399$140
30 years$1,512$1,084$762$527$360$121
31 years$1,448$1,025$711$484$326$104
32 years$1,387$970$663$445$295$90
33 years$1,331$918$619$409$267$78
34 years$1,277$870$579$377$241$67
35 years$1,227$826$541$347$219$58
36 years$1,180$784$506$319$198$50
37 years$1,136$744$474$294$180$44
38 years$1,093$707$444$271$163$38
39 years$1,054$673$416$250$148$33
40 years$1,016$640$389$231$134$28
41 years$980$609$365$213$121$24
42 years$946$580$343$196$110$21
43 years$914$553$321$181$100$18
44 years$883$527$302$167$91$16
45 years$853$502$283$155$82$14
46 years$825$479$266$143$75$12
47 years$799$457$250$132$68$10
48 years$773$437$235$122$62$9
49 years$749$417$221$113$56$8
50 years$725$398$208$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $743,000, adding $4,231 every year, while hoping to spend $52,761 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: 68/27/5 Blend
54$743,000$743,000$743,000$743,000
55$823,150$783,771$772,255$878,362
56$850,974$766,039$741,988$897,724
57$879,868$745,669$708,939$912,048
58$909,885$722,477$672,959$926,267
59$941,082$696,267$633,892$940,361
60$973,521$666,833$591,575$954,309
61$1,007,266$633,954$545,839$968,090
62$1,042,388$597,399$496,506$981,680
63$1,078,963$556,923$443,390$995,059
64$1,117,072$512,266$386,298$1,008,202
65$1,156,801$463,155$325,027$1,021,089
66$1,198,245$409,300$259,366$1,033,696
67$1,241,505$350,394$189,094$1,046,001
68$1,286,690$286,115$113,980$1,057,984
69$1,333,918$216,121$33,784$1,069,622
70$1,383,318$140,051$0$1,080,898
71$1,435,026$57,523$0$1,094,556
72$1,489,192$0$0$1,109,921
73$1,545,980$0$0$1,134,657
74$1,605,563$0$0$1,178,555
75$1,668,134$0$0$1,224,669
76$1,733,899$0$0$1,273,151
77$1,803,084$0$0$1,324,172
78$1,875,934$0$0$1,377,913
79$1,952,716$0$0$1,434,574
80$2,033,722$0$0$1,494,371
81$2,119,268$0$0$1,557,543
82$2,209,699$0$0$1,624,346
83$2,305,394$0$0$1,695,064
84$2,406,765$0$0$1,770,003
85$2,514,261$0$0$1,849,500
86$2,628,375$0$0$1,933,923
87$2,749,645$0$0$2,023,674
88$2,878,660$0$0$2,119,193
89$3,016,063$0$0$2,220,962
90$3,162,561$0$0$2,329,509
91$3,318,926$0$0$2,445,410
92$3,486,004$0$0$2,569,299
93$3,664,723$0$0$2,701,870
94$3,856,100$0$0$2,843,885
95$4,061,252$0$0$2,996,177
96$4,281,402$0$0$3,159,663
97$4,517,893$0$0$3,335,347
98$4,772,199$0$0$3,524,334
99$5,045,940$0$0$3,727,833
100$5,340,892$0$0$3,947,176