Can I retire at age 55 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$61,769$61,219$60,682$60,158$59,647$58,134
2 years$30,579$30,009$29,457$28,922$28,403$26,889
3 years$20,183$19,611$19,061$18,531$18,020$16,552
4 years$14,987$14,416$13,871$13,350$12,852$11,441
5 years$11,869$11,303$10,765$10,254$9,770$8,420
6 years$9,792$9,229$8,700$8,200$7,731$6,443
7 years$8,309$7,751$7,229$6,742$6,287$5,062
8 years$7,197$6,644$6,131$5,656$5,216$4,053
9 years$6,332$5,785$5,281$4,817$4,392$3,290
10 years$5,641$5,099$4,604$4,153$3,743$2,700
11 years$5,076$4,539$4,053$3,614$3,219$2,234
12 years$4,605$4,074$3,597$3,170$2,789$1,861
13 years$4,208$3,682$3,214$2,799$2,432$1,559
14 years$3,867$3,347$2,888$2,484$2,132$1,311
15 years$3,572$3,057$2,607$2,216$1,877$1,107
16 years$3,314$2,805$2,364$1,984$1,659$937
17 years$3,087$2,583$2,151$1,782$1,471$796
18 years$2,885$2,387$1,963$1,606$1,308$677
19 years$2,704$2,212$1,797$1,451$1,166$577
20 years$2,542$2,056$1,650$1,315$1,041$492
21 years$2,396$1,915$1,517$1,193$932$420
22 years$2,263$1,788$1,398$1,085$835$359
23 years$2,141$1,672$1,291$988$750$308
24 years$2,030$1,566$1,194$901$674$264
25 years$1,928$1,470$1,106$823$606$226
26 years$1,834$1,382$1,026$752$546$194
27 years$1,748$1,300$953$689$493$166
28 years$1,667$1,225$886$631$444$143
29 years$1,592$1,156$824$579$401$123
30 years$1,523$1,092$768$531$363$105
31 years$1,458$1,032$716$488$328$91
32 years$1,397$976$668$448$297$78
33 years$1,340$925$623$412$268$67
34 years$1,286$876$582$379$243$57
35 years$1,236$831$545$349$220$49
36 years$1,188$789$509$322$199$43
37 years$1,143$749$477$296$181$37
38 years$1,101$712$447$273$164$31
39 years$1,061$677$418$252$149$27
40 years$1,023$644$392$232$135$23
41 years$987$613$368$214$122$20
42 years$952$584$345$198$111$17
43 years$920$556$324$183$101$15
44 years$889$530$304$169$91$13
45 years$859$506$285$156$83$11
46 years$831$483$268$144$75$9
47 years$804$460$252$133$68$8
48 years$778$440$237$123$62$7
49 years$754$420$222$113$56$6
50 years$730$401$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $748,000, adding $3,070 every year, while hoping to spend $47,459 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: 55/40/5 Blend
54$748,000$748,000$748,000$748,000
55$827,463$787,819$776,225$871,960
56$861,368$775,926$751,732$890,406
57$897,141$761,860$724,829$904,919
58$934,922$745,463$695,383$919,544
59$974,864$726,571$663,259$934,296
60$1,017,135$705,008$628,312$949,198
61$1,061,916$680,587$590,394$964,273
62$1,109,408$653,112$549,349$979,552
63$1,159,828$622,375$505,013$995,071
64$1,213,415$588,155$457,215$1,010,875
65$1,270,428$550,221$405,777$1,027,013
66$1,331,155$508,324$350,513$1,043,546
67$1,395,907$462,206$291,229$1,060,545
68$1,465,025$411,590$227,722$1,078,092
69$1,538,887$356,187$159,779$1,096,279
70$1,617,901$295,688$87,180$1,115,217
71$1,702,520$229,770$9,693$1,135,031
72$1,793,237$158,088$0$1,155,864
73$1,890,594$80,282$0$1,181,774
74$1,995,187$0$0$1,209,859
75$2,107,669$0$0$1,241,602
76$2,228,756$0$0$1,313,864
77$2,359,237$0$0$1,391,783
78$2,499,976$0$0$1,475,883
79$2,651,923$0$0$1,566,739
80$2,816,123$0$0$1,664,982
81$2,993,722$0$0$1,771,306
82$3,185,984$0$0$1,886,475
83$3,394,293$0$0$2,011,328
84$3,620,175$0$0$2,146,787
85$3,865,306$0$0$2,293,868
86$4,131,530$0$0$2,453,687
87$4,420,877$0$0$2,627,471
88$4,735,576$0$0$2,816,572
89$5,078,084$0$0$3,022,475
90$5,451,101$0$0$3,246,817
91$5,857,600$0$0$3,491,398
92$6,300,852$0$0$3,758,198
93$6,784,458$0$0$4,049,398
94$7,312,380$0$0$4,367,398
95$7,888,982$0$0$4,714,840
96$8,519,065$0$0$5,094,633
97$9,207,917$0$0$5,509,980
98$9,961,360$0$0$5,964,407
99$10,785,801$0$0$6,461,796
100$11,688,300$0$0$7,006,423