Can I retire at age 55 with 745,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$61,521$60,973$60,439$59,917$59,407$59,132
2 years$30,456$29,889$29,339$28,806$28,289$28,011
3 years$20,102$19,533$18,984$18,456$17,948$17,676
4 years$14,927$14,359$13,816$13,297$12,801$12,537
5 years$11,822$11,257$10,722$10,213$9,731$9,476
6 years$9,753$9,192$8,665$8,168$7,700$7,454
7 years$8,275$7,720$7,200$6,715$6,262$6,026
8 years$7,168$6,617$6,106$5,633$5,195$4,968
9 years$6,307$5,762$5,260$4,798$4,375$4,157
10 years$5,619$5,079$4,585$4,136$3,728$3,519
11 years$5,056$4,521$4,037$3,600$3,206$3,007
12 years$4,587$4,058$3,583$3,157$2,778$2,588
13 years$4,191$3,667$3,201$2,787$2,423$2,241
14 years$3,851$3,333$2,876$2,474$2,124$1,950
15 years$3,558$3,045$2,597$2,207$1,870$1,705
16 years$3,301$2,794$2,354$1,976$1,653$1,496
17 years$3,074$2,573$2,142$1,775$1,465$1,316
18 years$2,873$2,378$1,956$1,600$1,303$1,162
19 years$2,694$2,203$1,790$1,446$1,161$1,027
20 years$2,532$2,048$1,643$1,309$1,037$911
21 years$2,386$1,907$1,511$1,188$928$808
22 years$2,254$1,780$1,393$1,080$832$719
23 years$2,133$1,665$1,286$984$747$640
24 years$2,022$1,560$1,189$897$671$570
25 years$1,921$1,464$1,102$820$604$509
26 years$1,827$1,376$1,022$749$544$455
27 years$1,741$1,295$949$686$491$406
28 years$1,660$1,220$882$628$443$364
29 years$1,586$1,151$821$576$400$325
30 years$1,516$1,087$764$529$361$291
31 years$1,452$1,028$713$486$327$261
32 years$1,391$972$665$446$295$234
33 years$1,334$921$621$411$267$210
34 years$1,281$873$580$378$242$188
35 years$1,231$828$542$348$219$169
36 years$1,183$786$507$320$199$152
37 years$1,139$746$475$295$180$136
38 years$1,096$709$445$272$163$122
39 years$1,056$674$417$251$148$110
40 years$1,019$642$391$231$134$99
41 years$983$611$366$213$122$89
42 years$948$582$343$197$110$80
43 years$916$554$322$182$100$72
44 years$885$528$303$168$91$65
45 years$856$504$284$155$83$58
46 years$828$481$267$143$75$52
47 years$801$459$251$132$68$47
48 years$775$438$236$122$62$42
49 years$751$418$221$113$56$38
50 years$727$399$208$104$51$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $745,000, adding $3,198 every year, while hoping to spend $50,967 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: 57/26/17 Blend
54$745,000$745,000$745,000$745,000
55$824,289$784,804$773,256$867,421
56$854,138$769,031$744,932$881,297
57$885,323$750,776$713,950$890,594
58$917,927$729,866$680,169$899,571
59$952,040$706,113$643,438$908,206
60$987,757$679,322$603,603$916,479
61$1,025,183$649,284$560,499$924,370
62$1,064,432$615,779$513,956$931,861
63$1,105,627$578,575$463,796$938,935
64$1,148,902$537,426$409,834$945,576
65$1,194,401$492,071$351,875$951,771
66$1,242,283$442,236$289,716$957,507
67$1,292,720$387,629$223,145$962,777
68$1,345,898$327,944$151,941$967,576
69$1,402,023$262,856$75,874$971,903
70$1,461,315$192,022$0$975,762
71$1,524,019$115,080$0$980,125
72$1,590,398$31,648$0$998,796
73$1,660,742$0$0$1,018,068
74$1,735,367$0$0$1,054,812
75$1,814,619$0$0$1,103,483
76$1,898,875$0$0$1,155,263
77$1,988,548$0$0$1,210,409
78$2,084,092$0$0$1,269,206
79$2,186,002$0$0$1,331,963
80$2,294,821$0$0$1,399,020
81$2,411,144$0$0$1,470,749
82$2,535,622$0$0$1,547,560
83$2,668,971$0$0$1,629,899
84$2,811,975$0$0$1,718,258
85$2,965,495$0$0$1,813,176
86$3,130,475$0$0$1,915,246
87$3,307,951$0$0$2,025,115
88$3,499,063$0$0$2,143,498
89$3,705,059$0$0$2,271,179
90$3,927,314$0$0$2,409,019
91$4,167,335$0$0$2,557,962
92$4,426,780$0$0$2,719,049
93$4,707,472$0$0$2,893,423
94$5,011,413$0$0$3,082,339
95$5,340,805$0$0$3,287,179
96$5,698,069$0$0$3,509,462
97$6,085,868$0$0$3,750,858
98$6,507,130$0$0$4,013,204
99$6,965,076$0$0$4,298,521
100$7,463,251$0$0$4,609,035