Can I retire at age 55 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$61,521$60,973$60,439$59,917$59,407$58,256
2 years$30,456$29,889$29,339$28,806$28,289$27,133
3 years$20,102$19,533$18,984$18,456$17,948$16,824
4 years$14,927$14,359$13,816$13,297$12,801$11,718
5 years$11,822$11,257$10,722$10,213$9,731$8,692
6 years$9,753$9,192$8,665$8,168$7,700$6,706
7 years$8,275$7,720$7,200$6,715$6,262$5,313
8 years$7,168$6,617$6,106$5,633$5,195$4,291
9 years$6,307$5,762$5,260$4,798$4,375$3,515
10 years$5,619$5,079$4,585$4,136$3,728$2,912
11 years$5,056$4,521$4,037$3,600$3,206$2,432
12 years$4,587$4,058$3,583$3,157$2,778$2,046
13 years$4,191$3,667$3,201$2,787$2,423$1,731
14 years$3,851$3,333$2,876$2,474$2,124$1,471
15 years$3,558$3,045$2,597$2,207$1,870$1,255
16 years$3,301$2,794$2,354$1,976$1,653$1,074
17 years$3,074$2,573$2,142$1,775$1,465$921
18 years$2,873$2,378$1,956$1,600$1,303$792
19 years$2,694$2,203$1,790$1,446$1,161$683
20 years$2,532$2,048$1,643$1,309$1,037$589
21 years$2,386$1,907$1,511$1,188$928$509
22 years$2,254$1,780$1,393$1,080$832$441
23 years$2,133$1,665$1,286$984$747$382
24 years$2,022$1,560$1,189$897$671$331
25 years$1,921$1,464$1,102$820$604$287
26 years$1,827$1,376$1,022$749$544$249
27 years$1,741$1,295$949$686$491$216
28 years$1,660$1,220$882$628$443$188
29 years$1,586$1,151$821$576$400$164
30 years$1,516$1,087$764$529$361$142
31 years$1,452$1,028$713$486$327$124
32 years$1,391$972$665$446$295$108
33 years$1,334$921$621$411$267$94
34 years$1,281$873$580$378$242$82
35 years$1,231$828$542$348$219$71
36 years$1,183$786$507$320$199$62
37 years$1,139$746$475$295$180$54
38 years$1,096$709$445$272$163$47
39 years$1,056$674$417$251$148$41
40 years$1,019$642$391$231$134$36
41 years$983$611$366$213$122$31
42 years$948$582$343$197$110$27
43 years$916$554$322$182$100$24
44 years$885$528$303$168$91$21
45 years$856$504$284$155$83$18
46 years$828$481$267$143$75$16
47 years$801$459$251$132$68$14
48 years$775$438$236$122$62$12
49 years$751$418$221$113$56$10
50 years$727$399$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $745,000, adding $5,959 every year, while hoping to spend $25,680 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: 55/25/20 Blend
54$745,000$745,000$745,000$745,000
55$827,137$787,652$776,104$867,849
56$884,181$798,923$774,780$907,618
57$946,184$809,887$772,552$947,676
58$1,013,623$820,499$769,360$990,741
59$1,087,025$830,716$765,146$1,037,107
60$1,166,969$840,489$759,846$1,087,100
61$1,254,093$849,766$753,395$1,141,079
62$1,349,099$858,493$745,722$1,199,440
63$1,452,759$866,611$736,755$1,262,621
64$1,565,923$874,058$726,419$1,331,106
65$1,689,526$880,766$714,633$1,405,428
66$1,824,599$886,665$701,315$1,486,176
67$1,972,276$891,679$686,377$1,573,998
68$2,133,806$895,728$669,728$1,669,612
69$2,310,562$898,728$651,272$1,773,810
70$2,504,060$900,586$630,910$1,887,464
71$2,715,966$901,206$608,537$2,011,538
72$2,948,116$900,486$584,044$2,147,096
73$3,202,531$898,318$557,317$2,295,310
74$3,481,439$894,585$528,237$2,457,475
75$3,787,291$889,164$496,678$2,635,020
76$4,122,788$881,927$462,510$2,829,521
77$4,490,905$872,735$425,597$3,042,717
78$4,894,920$861,441$385,797$3,276,525
79$5,338,442$847,891$342,961$3,533,064
80$5,825,446$831,921$296,934$3,814,667
81$6,360,313$813,357$247,552$4,123,910
82$6,947,867$792,014$194,648$4,463,634
83$7,593,424$767,697$138,043$4,836,974
84$8,302,840$740,201$77,554$5,247,386
85$9,082,565$709,306$12,987$5,698,683
86$9,939,706$674,781$0$6,195,071
87$10,882,093$636,383$0$6,753,120
88$11,918,353$593,852$0$7,369,747
89$13,057,989$546,915$0$8,047,866
90$14,311,473$495,283$0$8,793,746
91$15,690,342$438,650$0$9,614,302
92$17,207,307$376,694$0$10,517,151
93$18,876,374$309,073$0$11,510,692
94$20,712,974$235,428$0$12,604,185
95$22,734,110$155,377$0$13,807,834
96$24,958,518$68,519$0$15,132,889
97$27,406,839$0$0$16,591,750
98$30,101,819$0$0$18,205,119
99$33,068,521$0$0$20,001,989
100$36,334,560$0$0$21,980,249