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%17%
1 years$61,687$61,137$60,601$60,078$59,567$57,869
2 years$30,538$29,969$29,418$28,884$28,365$26,668
3 years$20,156$19,585$19,035$18,506$17,996$16,352
4 years$14,967$14,397$13,853$13,333$12,835$11,257
5 years$11,854$11,288$10,750$10,241$9,757$8,250
6 years$9,779$9,217$8,688$8,190$7,720$6,285
7 years$8,298$7,741$7,220$6,733$6,279$4,916
8 years$7,187$6,635$6,123$5,648$5,209$3,917
9 years$6,324$5,777$5,274$4,811$4,387$3,165
10 years$5,634$5,092$4,598$4,147$3,738$2,584
11 years$5,069$4,533$4,048$3,609$3,214$2,128
12 years$4,599$4,069$3,592$3,166$2,786$1,763
13 years$4,202$3,677$3,209$2,795$2,429$1,469
14 years$3,862$3,342$2,884$2,481$2,129$1,229
15 years$3,567$3,053$2,604$2,213$1,875$1,031
16 years$3,309$2,801$2,361$1,981$1,657$868
17 years$3,082$2,580$2,148$1,780$1,469$733
18 years$2,881$2,384$1,961$1,604$1,306$620
19 years$2,701$2,209$1,795$1,450$1,164$525
20 years$2,539$2,053$1,647$1,313$1,040$445
21 years$2,392$1,912$1,515$1,191$931$378
22 years$2,260$1,785$1,397$1,083$834$321
23 years$2,139$1,670$1,289$987$749$273
24 years$2,028$1,564$1,193$900$673$233
25 years$1,926$1,468$1,105$822$606$198
26 years$1,832$1,380$1,024$751$546$169
27 years$1,745$1,298$951$688$492$144
28 years$1,665$1,224$884$630$444$123
29 years$1,590$1,154$823$578$401$105
30 years$1,521$1,090$767$530$362$89
31 years$1,456$1,030$715$487$327$76
32 years$1,395$975$667$448$296$65
33 years$1,338$923$623$412$268$56
34 years$1,284$875$582$379$243$47
35 years$1,234$830$544$349$220$41
36 years$1,186$788$509$321$199$35
37 years$1,142$748$476$296$180$30
38 years$1,099$711$446$273$164$25
39 years$1,059$676$418$251$148$22
40 years$1,021$643$392$232$135$18
41 years$985$612$367$214$122$16
42 years$951$583$344$197$111$13
43 years$919$556$323$182$101$12
44 years$888$530$303$168$91$10
45 years$858$505$285$155$83$8
46 years$830$482$268$144$75$7
47 years$803$460$251$133$68$6
48 years$777$439$236$123$62$5
49 years$753$419$222$113$56$4
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $747,000, adding $2,807 every year, while hoping to spend $31,378 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: 60/11/29 Blend
54$747,000$747,000$747,000$747,000
55$826,089$786,498$774,920$868,999
56$876,965$791,651$767,494$903,775
57$931,977$796,004$758,767$938,116
58$991,517$799,486$748,664$974,940
59$1,056,010$802,019$737,102$1,014,495
60$1,125,928$803,523$724,000$1,057,059
61$1,201,786$803,909$709,268$1,102,937
62$1,284,154$803,087$692,814$1,152,466
63$1,373,657$800,957$674,542$1,206,020
64$1,470,982$797,416$654,352$1,264,011
65$1,576,887$792,354$632,137$1,326,896
66$1,692,204$785,654$607,788$1,395,179
67$1,817,849$777,192$581,190$1,469,416
68$1,954,831$766,835$552,220$1,550,224
69$2,104,259$754,445$520,755$1,638,282
70$2,267,354$739,874$486,662$1,734,341
71$2,445,462$722,966$449,803$1,839,232
72$2,640,063$703,555$410,034$1,953,871
73$2,852,785$681,465$367,207$2,079,269
74$3,085,423$656,511$321,162$2,216,546
75$3,339,953$628,496$271,737$2,366,935
76$3,618,549$597,213$218,761$2,531,800
77$3,923,605$562,441$162,054$2,712,644
78$4,257,761$523,949$101,431$2,911,131
79$4,623,920$481,489$36,696$3,129,092
80$5,025,281$434,803$0$3,368,554
81$5,465,367$383,616$0$3,641,770
82$5,948,058$327,637$0$3,953,956
83$6,477,628$266,560$0$4,296,534
84$7,058,785$200,060$0$4,672,579
85$7,696,713$127,795$0$5,085,478
86$8,397,125$49,404$0$5,538,968
87$9,166,313$0$0$6,037,162
88$10,011,207$0$0$6,588,894
89$10,939,443$0$0$7,201,683
90$11,959,433$0$0$7,875,109
91$13,080,443$0$0$8,615,297
92$14,312,682$0$0$9,428,999
93$15,667,397$0$0$10,323,649
94$17,156,980$0$0$11,307,439
95$18,795,084$0$0$12,389,395
96$20,596,748$0$0$13,579,461
97$22,578,547$0$0$14,888,594
98$24,758,738$0$0$16,328,866
99$27,157,439$0$0$17,913,577
100$29,796,818$0$0$19,657,382