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%17.7%
1 years$61,521$60,973$60,439$59,917$59,407$57,552
2 years$30,456$29,889$29,339$28,806$28,289$26,436
3 years$20,102$19,533$18,984$18,456$17,948$16,156
4 years$14,927$14,359$13,816$13,297$12,801$11,083
5 years$11,822$11,257$10,722$10,213$9,731$8,092
6 years$9,753$9,192$8,665$8,168$7,700$6,142
7 years$8,275$7,720$7,200$6,715$6,262$4,784
8 years$7,168$6,617$6,106$5,633$5,195$3,797
9 years$6,307$5,762$5,260$4,798$4,375$3,054
10 years$5,619$5,079$4,585$4,136$3,728$2,483
11 years$5,056$4,521$4,037$3,600$3,206$2,035
12 years$4,587$4,058$3,583$3,157$2,778$1,679
13 years$4,191$3,667$3,201$2,787$2,423$1,392
14 years$3,851$3,333$2,876$2,474$2,124$1,159
15 years$3,558$3,045$2,597$2,207$1,870$968
16 years$3,301$2,794$2,354$1,976$1,653$811
17 years$3,074$2,573$2,142$1,775$1,465$681
18 years$2,873$2,378$1,956$1,600$1,303$573
19 years$2,694$2,203$1,790$1,446$1,161$482
20 years$2,532$2,048$1,643$1,309$1,037$407
21 years$2,386$1,907$1,511$1,188$928$344
22 years$2,254$1,780$1,393$1,080$832$291
23 years$2,133$1,665$1,286$984$747$246
24 years$2,022$1,560$1,189$897$671$208
25 years$1,921$1,464$1,102$820$604$176
26 years$1,827$1,376$1,022$749$544$149
27 years$1,741$1,295$949$686$491$127
28 years$1,660$1,220$882$628$443$107
29 years$1,586$1,151$821$576$400$91
30 years$1,516$1,087$764$529$361$77
31 years$1,452$1,028$713$486$327$66
32 years$1,391$972$665$446$295$56
33 years$1,334$921$621$411$267$47
34 years$1,281$873$580$378$242$40
35 years$1,231$828$542$348$219$34
36 years$1,183$786$507$320$199$29
37 years$1,139$746$475$295$180$25
38 years$1,096$709$445$272$163$21
39 years$1,056$674$417$251$148$18
40 years$1,019$642$391$231$134$15
41 years$983$611$366$213$122$13
42 years$948$582$343$197$110$11
43 years$916$554$322$182$100$9
44 years$885$528$303$168$91$8
45 years$856$504$284$155$83$7
46 years$828$481$267$143$75$6
47 years$801$459$251$132$68$5
48 years$775$438$236$122$62$4
49 years$751$418$221$113$56$3
50 years$727$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $745,000, adding $6,593 every year, while hoping to spend $24,619 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: 67/22/11 Blend
54$745,000$745,000$745,000$745,000
55$827,791$788,306$776,758$880,859
56$886,031$800,738$776,585$929,442
57$949,387$812,955$775,581$978,993
58$1,018,353$824,919$773,693$1,032,531
59$1,093,477$836,591$770,863$1,090,442
60$1,175,357$847,930$767,032$1,153,154
61$1,264,655$858,891$762,140$1,221,137
62$1,362,098$869,424$756,120$1,294,910
63$1,468,487$879,480$748,904$1,375,043
64$1,584,701$889,004$740,421$1,462,167
65$1,711,713$897,937$730,597$1,556,977
66$1,850,588$906,217$719,353$1,660,237
67$2,002,504$913,777$706,607$1,772,792
68$2,168,754$920,547$692,273$1,895,570
69$2,350,765$926,452$676,262$2,029,598
70$2,550,106$931,411$658,480$2,176,004
71$2,768,506$935,340$638,829$2,336,036
72$3,007,870$938,147$617,205$2,511,065
73$3,270,292$939,736$593,501$2,702,607
74$3,558,084$940,005$567,606$2,912,329
75$3,873,789$938,846$539,401$3,142,072
76$4,220,208$936,142$508,763$3,393,864
77$4,600,428$931,771$475,566$3,669,939
78$5,017,848$925,604$439,673$3,972,764
79$5,476,212$917,502$400,945$4,305,055
80$5,979,645$907,319$359,236$4,669,808
81$6,532,691$894,900$314,394$5,070,324
82$7,140,357$880,082$266,257$5,510,244
83$7,808,156$862,688$214,659$5,993,580
84$8,542,164$842,537$159,427$6,524,756
85$9,349,075$819,431$100,378$7,108,648
86$10,236,263$793,165$37,323$7,750,632
87$11,211,852$763,520$0$8,456,633
88$12,284,793$730,265$0$9,236,702
89$13,464,947$693,153$0$10,099,424
90$14,763,181$651,927$0$11,048,377
91$16,191,467$606,313$0$12,092,337
92$17,762,994$556,020$0$13,240,977
93$19,492,297$500,743$0$14,504,956
94$21,395,390$440,158$0$15,896,023
95$23,489,917$373,923$0$17,427,128
96$25,795,320$301,676$0$19,112,541
97$28,333,021$223,037$0$20,967,990
98$31,126,625$137,601$0$23,010,812
99$34,202,141$44,943$0$25,260,111
100$37,588,228$0$0$27,736,944