Can I retire at age 55 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$61,687$61,137$60,601$60,078$59,567$58,652
2 years$30,538$29,969$29,418$28,884$28,365$27,446
3 years$20,156$19,585$19,035$18,506$17,996$17,101
4 years$14,967$14,397$13,853$13,333$12,835$11,971
5 years$11,854$11,288$10,750$10,241$9,757$8,926
6 years$9,779$9,217$8,688$8,190$7,720$6,924
7 years$8,298$7,741$7,220$6,733$6,279$5,517
8 years$7,187$6,635$6,123$5,648$5,209$4,481
9 years$6,324$5,777$5,274$4,811$4,387$3,693
10 years$5,634$5,092$4,598$4,147$3,738$3,078
11 years$5,069$4,533$4,048$3,609$3,214$2,587
12 years$4,599$4,069$3,592$3,166$2,786$2,191
13 years$4,202$3,677$3,209$2,795$2,429$1,865
14 years$3,862$3,342$2,884$2,481$2,129$1,596
15 years$3,567$3,053$2,604$2,213$1,875$1,371
16 years$3,309$2,801$2,361$1,981$1,657$1,181
17 years$3,082$2,580$2,148$1,780$1,469$1,021
18 years$2,881$2,384$1,961$1,604$1,306$884
19 years$2,701$2,209$1,795$1,450$1,164$768
20 years$2,539$2,053$1,647$1,313$1,040$668
21 years$2,392$1,912$1,515$1,191$931$581
22 years$2,260$1,785$1,397$1,083$834$507
23 years$2,139$1,670$1,289$987$749$442
24 years$2,028$1,564$1,193$900$673$387
25 years$1,926$1,468$1,105$822$606$338
26 years$1,832$1,380$1,024$751$546$296
27 years$1,745$1,298$951$688$492$259
28 years$1,665$1,224$884$630$444$227
29 years$1,590$1,154$823$578$401$199
30 years$1,521$1,090$767$530$362$174
31 years$1,456$1,030$715$487$327$153
32 years$1,395$975$667$448$296$134
33 years$1,338$923$623$412$268$118
34 years$1,284$875$582$379$243$103
35 years$1,234$830$544$349$220$91
36 years$1,186$788$509$321$199$80
37 years$1,142$748$476$296$180$70
38 years$1,099$711$446$273$164$62
39 years$1,059$676$418$251$148$54
40 years$1,021$643$392$232$135$48
41 years$985$612$367$214$122$42
42 years$951$583$344$197$111$37
43 years$919$556$323$182$101$32
44 years$888$530$303$168$91$28
45 years$858$505$285$155$83$25
46 years$830$482$268$144$75$22
47 years$803$460$251$133$68$19
48 years$777$439$236$123$62$17
49 years$753$419$222$113$56$15
50 years$729$400$209$105$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $747,000, adding $2,786 every year, while hoping to spend $52,505 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: 33/37/30 Blend
54$747,000$747,000$747,000$747,000
55$826,068$786,477$774,898$845,743
56$854,462$769,149$744,992$843,703
57$883,992$749,213$712,325$836,684
58$914,720$726,484$676,748$828,119
59$946,709$700,770$638,107$817,907
60$980,030$671,864$596,240$805,943
61$1,014,757$639,550$550,978$792,120
62$1,050,971$603,597$502,146$776,322
63$1,088,760$563,763$449,557$758,429
64$1,128,217$519,791$393,021$738,317
65$1,169,443$471,409$332,335$715,855
66$1,212,548$418,329$267,290$690,905
67$1,257,650$360,250$197,666$663,326
68$1,304,877$296,849$123,235$632,969
69$1,354,368$227,788$43,757$599,678
70$1,406,274$152,710$0$563,292
71$1,460,758$71,236$0$536,788
72$1,517,996$0$0$522,648
73$1,578,183$0$0$513,693
74$1,641,527$0$0$534,832
75$1,708,257$0$0$557,142
76$1,778,621$0$0$580,712
77$1,852,890$0$0$605,638
78$1,931,360$0$0$632,026
79$2,014,351$0$0$659,992
80$2,102,217$0$0$689,660
81$2,195,341$0$0$721,168
82$2,294,142$0$0$754,666
83$2,399,079$0$0$790,320
84$2,510,655$0$0$828,308
85$2,629,417$0$0$868,829
86$2,755,968$0$0$912,098
87$2,890,965$0$0$958,352
88$3,035,129$0$0$1,007,849
89$3,189,250$0$0$1,060,876
90$3,354,195$0$0$1,117,744
91$3,530,913$0$0$1,178,795
92$3,720,445$0$0$1,244,404
93$3,923,936$0$0$1,314,986
94$4,142,638$0$0$1,390,991
95$4,377,930$0$0$1,472,918
96$4,631,322$0$0$1,561,314
97$4,904,477$0$0$1,656,777
98$5,199,217$0$0$1,759,969
99$5,517,546$0$0$1,871,613
100$5,861,668$0$0$1,992,507