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%15.5%
1 years$61,687$61,137$60,601$60,078$59,567$58,221
2 years$30,538$29,969$29,418$28,884$28,365$27,017
3 years$20,156$19,585$19,035$18,506$17,996$16,687
4 years$14,967$14,397$13,853$13,333$12,835$11,575
5 years$11,854$11,288$10,750$10,241$9,757$8,550
6 years$9,779$9,217$8,688$8,190$7,720$6,568
7 years$8,298$7,741$7,220$6,733$6,279$5,180
8 years$7,187$6,635$6,123$5,648$5,209$4,164
9 years$6,324$5,777$5,274$4,811$4,387$3,395
10 years$5,634$5,092$4,598$4,147$3,738$2,798
11 years$5,069$4,533$4,048$3,609$3,214$2,326
12 years$4,599$4,069$3,592$3,166$2,786$1,947
13 years$4,202$3,677$3,209$2,795$2,429$1,638
14 years$3,862$3,342$2,884$2,481$2,129$1,384
15 years$3,567$3,053$2,604$2,213$1,875$1,174
16 years$3,309$2,801$2,361$1,981$1,657$999
17 years$3,082$2,580$2,148$1,780$1,469$853
18 years$2,881$2,384$1,961$1,604$1,306$729
19 years$2,701$2,209$1,795$1,450$1,164$624
20 years$2,539$2,053$1,647$1,313$1,040$536
21 years$2,392$1,912$1,515$1,191$931$460
22 years$2,260$1,785$1,397$1,083$834$396
23 years$2,139$1,670$1,289$987$749$340
24 years$2,028$1,564$1,193$900$673$293
25 years$1,926$1,468$1,105$822$606$253
26 years$1,832$1,380$1,024$751$546$218
27 years$1,745$1,298$951$688$492$188
28 years$1,665$1,224$884$630$444$163
29 years$1,590$1,154$823$578$401$140
30 years$1,521$1,090$767$530$362$121
31 years$1,456$1,030$715$487$327$105
32 years$1,395$975$667$448$296$91
33 years$1,338$923$623$412$268$78
34 years$1,284$875$582$379$243$68
35 years$1,234$830$544$349$220$59
36 years$1,186$788$509$321$199$51
37 years$1,142$748$476$296$180$44
38 years$1,099$711$446$273$164$38
39 years$1,059$676$418$251$148$33
40 years$1,021$643$392$232$135$28
41 years$985$612$367$214$122$25
42 years$951$583$344$197$111$21
43 years$919$556$323$182$101$18
44 years$888$530$303$168$91$16
45 years$858$505$285$155$83$14
46 years$830$482$268$144$75$12
47 years$803$460$251$133$68$10
48 years$777$439$236$123$62$9
49 years$753$419$222$113$56$8
50 years$729$400$209$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $747,000, adding $5,247 every year, while hoping to spend $49,343 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: 30/50/20 Blend
54$747,000$747,000$747,000$747,000
55$828,606$789,015$777,437$848,137
56$860,624$775,176$750,980$849,574
57$894,253$759,006$721,984$846,319
58$929,606$740,337$690,310$841,774
59$966,806$718,994$655,816$835,856
60$1,005,986$694,789$618,351$828,482
61$1,047,289$667,527$577,758$819,563
62$1,090,875$636,998$533,875$809,009
63$1,136,914$602,980$486,530$796,724
64$1,185,594$565,242$435,544$782,612
65$1,237,120$523,534$380,730$766,572
66$1,291,716$477,596$321,894$748,500
67$1,349,625$427,153$258,831$728,292
68$1,411,115$371,912$191,330$705,838
69$1,476,477$311,564$119,169$681,027
70$1,546,032$245,784$42,114$653,746
71$1,620,128$174,228$0$623,880
72$1,699,148$96,533$0$599,875
73$1,783,512$12,314$0$583,199
74$1,873,680$0$0$564,796
75$1,970,154$0$0$587,980
76$2,073,487$0$0$620,147
77$2,184,286$0$0$654,718
78$2,303,214$0$0$691,912
79$2,431,000$0$0$731,968
80$2,568,446$0$0$775,149
81$2,716,430$0$0$821,742
82$2,875,918$0$0$872,065
83$3,047,969$0$0$926,466
84$3,233,749$0$0$985,327
85$3,434,538$0$0$1,049,069
86$3,651,741$0$0$1,118,156
87$3,886,906$0$0$1,193,094
88$4,141,733$0$0$1,274,444
89$4,418,090$0$0$1,362,822
90$4,718,034$0$0$1,458,902
91$5,043,824$0$0$1,563,431
92$5,397,949$0$0$1,677,227
93$5,783,144$0$0$1,801,191
94$6,202,418$0$0$1,936,316
95$6,659,084$0$0$2,083,692
96$7,156,787$0$0$2,244,522
97$7,699,538$0$0$2,420,128
98$8,291,751$0$0$2,611,965
99$8,938,286$0$0$2,821,637
100$9,644,492$0$0$3,050,908