Can I retire at age 55 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$61,852$61,301$60,763$60,239$59,726$58,785
2 years$30,620$30,049$29,497$28,961$28,441$27,495
3 years$20,210$19,638$19,086$18,556$18,044$17,123
4 years$15,007$14,436$13,890$13,368$12,869$11,980
5 years$11,885$11,318$10,779$10,268$9,783$8,929
6 years$9,805$9,242$8,711$8,211$7,741$6,922
7 years$8,320$7,761$7,239$6,751$6,295$5,512
8 years$7,206$6,653$6,139$5,663$5,223$4,475
9 years$6,341$5,792$5,288$4,824$4,398$3,686
10 years$5,649$5,106$4,610$4,158$3,748$3,070
11 years$5,083$4,545$4,059$3,619$3,223$2,579
12 years$4,612$4,080$3,602$3,174$2,793$2,182
13 years$4,213$3,687$3,218$2,802$2,436$1,857
14 years$3,872$3,351$2,891$2,488$2,135$1,588
15 years$3,577$3,061$2,611$2,219$1,880$1,363
16 years$3,318$2,809$2,367$1,986$1,661$1,174
17 years$3,091$2,587$2,154$1,785$1,473$1,014
18 years$2,889$2,390$1,966$1,608$1,310$877
19 years$2,708$2,215$1,800$1,453$1,167$761
20 years$2,546$2,059$1,652$1,316$1,043$661
21 years$2,399$1,917$1,519$1,195$933$575
22 years$2,266$1,790$1,400$1,086$836$501
23 years$2,144$1,674$1,293$989$751$437
24 years$2,033$1,568$1,196$902$675$382
25 years$1,931$1,472$1,108$824$607$333
26 years$1,837$1,383$1,027$753$547$292
27 years$1,750$1,302$954$690$493$255
28 years$1,669$1,227$887$632$445$223
29 years$1,594$1,157$825$579$402$196
30 years$1,525$1,093$769$532$363$171
31 years$1,459$1,033$717$488$328$150
32 years$1,399$978$669$449$297$132
33 years$1,341$926$624$413$269$116
34 years$1,288$878$583$380$243$101
35 years$1,237$832$545$350$220$89
36 years$1,190$790$510$322$200$78
37 years$1,145$750$477$297$181$68
38 years$1,102$713$447$273$164$60
39 years$1,062$678$419$252$149$53
40 years$1,024$645$393$233$135$46
41 years$988$614$368$215$122$41
42 years$954$585$345$198$111$36
43 years$921$557$324$183$101$31
44 years$890$531$304$169$92$28
45 years$860$506$286$156$83$24
46 years$832$483$268$144$75$21
47 years$805$461$252$133$68$19
48 years$779$440$237$123$62$16
49 years$755$420$223$114$56$14
50 years$731$402$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 $749,000, adding $5,600 every year, while hoping to spend $31,255 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: 69/18/13 Blend
54$749,000$749,000$749,000$749,000
55$831,174$791,477$779,868$885,752
56$882,699$797,005$772,738$928,277
57$938,432$801,755$764,323$970,509
58$998,769$805,658$754,544$1,015,901
59$1,064,145$808,638$743,324$1,064,761
60$1,135,041$810,614$730,578$1,117,425
61$1,211,982$811,500$716,219$1,174,266
62$1,295,547$811,207$700,156$1,235,697
63$1,386,375$809,638$682,292$1,302,169
64$1,485,165$806,691$662,529$1,374,184
65$1,592,690$802,256$640,762$1,452,294
66$1,709,797$796,219$616,880$1,537,107
67$1,837,421$788,459$590,770$1,629,296
68$1,976,588$778,844$562,312$1,729,600
69$2,128,432$767,239$531,380$1,838,839
70$2,294,195$753,497$497,845$1,957,913
71$2,475,249$737,464$461,569$2,087,817
72$2,673,103$718,978$422,410$2,229,648
73$2,889,417$697,866$380,218$2,384,618
74$3,126,020$673,944$334,838$2,554,061
75$3,384,927$647,020$286,108$2,739,450
76$3,668,353$616,887$233,856$2,942,409
77$3,978,741$583,331$177,906$3,164,732
78$4,318,779$546,121$118,073$3,408,393
79$4,691,429$505,015$54,163$3,675,573
80$5,099,951$459,757$0$3,968,677
81$5,547,938$410,077$0$4,292,303
82$6,039,344$355,687$0$4,655,574
83$6,578,528$296,287$0$5,054,223
84$7,170,288$231,555$0$5,491,840
85$7,819,912$161,156$0$5,972,381
86$8,533,222$84,731$0$6,500,207
87$9,316,634$1,906$0$7,080,123
88$10,177,214$0$0$7,717,429
89$11,122,747$0$0$8,435,339
90$12,161,809$0$0$9,224,723
91$13,303,849$0$0$10,092,386
92$14,559,275$0$0$11,046,244
93$15,939,555$0$0$12,095,015
94$17,457,323$0$0$13,248,305
95$19,126,500$0$0$14,516,698
96$20,962,422$0$0$15,911,855
97$22,981,986$0$0$17,446,623
98$25,203,809$0$0$19,135,158
99$27,648,405$0$0$20,993,056
100$30,338,374$0$0$23,037,502