Can I retire at age 55 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$61,439$60,892$60,358$59,836$59,328$56,974
2 years$30,415$29,849$29,300$28,768$28,251$25,909
3 years$20,075$19,507$18,959$18,432$17,924$15,667
4 years$14,907$14,339$13,797$13,279$12,783$10,629
5 years$11,806$11,242$10,707$10,200$9,718$7,671
6 years$9,740$9,180$8,653$8,157$7,689$5,752
7 years$8,264$7,709$7,191$6,706$6,253$4,425
8 years$7,158$6,608$6,098$5,626$5,188$3,466
9 years$6,298$5,754$5,252$4,792$4,369$2,751
10 years$5,611$5,072$4,579$4,130$3,723$2,206
11 years$5,049$4,515$4,031$3,595$3,202$1,782
12 years$4,581$4,052$3,578$3,153$2,774$1,448
13 years$4,185$3,662$3,197$2,784$2,419$1,183
14 years$3,846$3,329$2,872$2,471$2,121$970
15 years$3,553$3,041$2,593$2,204$1,867$798
16 years$3,296$2,790$2,351$1,973$1,650$658
17 years$3,070$2,570$2,139$1,773$1,463$543
18 years$2,869$2,374$1,953$1,598$1,301$449
19 years$2,690$2,201$1,788$1,444$1,160$372
20 years$2,529$2,045$1,641$1,308$1,036$309
21 years$2,383$1,905$1,509$1,187$927$256
22 years$2,251$1,778$1,391$1,079$831$213
23 years$2,130$1,663$1,284$983$746$177
24 years$2,020$1,558$1,188$896$670$147
25 years$1,918$1,462$1,100$818$603$123
26 years$1,825$1,374$1,020$748$543$102
27 years$1,738$1,293$947$685$490$85
28 years$1,658$1,219$881$628$442$71
29 years$1,584$1,150$820$576$399$59
30 years$1,514$1,086$763$528$361$49
31 years$1,450$1,026$712$485$326$41
32 years$1,389$971$664$446$295$34
33 years$1,332$920$620$410$267$28
34 years$1,279$872$579$377$242$24
35 years$1,229$827$542$347$219$20
36 years$1,182$785$507$320$198$17
37 years$1,137$745$474$295$180$14
38 years$1,095$708$444$272$163$11
39 years$1,055$674$416$250$148$10
40 years$1,017$641$390$231$134$8
41 years$981$610$366$213$122$7
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$4
45 years$855$503$284$155$83$3
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$2
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $744,000, adding $5,941 every year, while hoping to spend $56,018 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: 48/27/25 Blend
54$744,000$744,000$744,000$744,000
55$826,016$786,584$775,052$859,535
56$850,667$765,524$741,414$862,557
57$875,955$741,555$704,771$859,809
58$901,885$714,474$664,964$855,707
59$928,463$684,069$621,826$850,149
60$955,692$650,113$575,182$843,028
61$983,572$612,368$524,850$834,231
62$1,012,103$570,581$470,639$823,635
63$1,041,283$524,485$412,352$811,114
64$1,071,107$473,798$349,778$796,531
65$1,101,567$418,221$282,703$779,741
66$1,132,651$357,438$210,898$760,590
67$1,164,346$291,117$134,127$738,917
68$1,196,633$218,906$52,144$714,547
69$1,229,490$140,432$0$687,297
70$1,262,887$55,303$0$666,400
71$1,296,794$0$0$657,677
72$1,331,169$0$0$658,021
73$1,365,966$0$0$674,975
74$1,401,132$0$0$692,078
75$1,436,603$0$0$709,295
76$1,472,309$0$0$726,588
77$1,508,165$0$0$743,910
78$1,544,077$0$0$761,210
79$1,579,938$0$0$778,429
80$1,615,625$0$0$795,501
81$1,651,000$0$0$812,352
82$1,685,907$0$0$828,896
83$1,720,169$0$0$845,038
84$1,753,588$0$0$860,672
85$1,785,942$0$0$875,679
86$1,816,981$0$0$889,923
87$1,846,425$0$0$903,256
88$1,873,962$0$0$915,508
89$1,899,243$0$0$926,495
90$1,921,877$0$0$936,007
91$1,941,431$0$0$943,812
92$1,957,421$0$0$949,651
93$1,969,307$0$0$953,237
94$1,976,491$0$0$954,251
95$1,978,307$0$0$952,338
96$1,974,014$0$0$947,103
97$1,962,792$0$0$938,109
98$1,943,730$0$0$924,872
99$1,915,816$0$0$906,853
100$1,877,931$0$0$883,457