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%19.8%
1 years$61,852$61,301$60,763$60,239$59,726$57,379
2 years$30,620$30,049$29,497$28,961$28,441$26,105
3 years$20,210$19,638$19,086$18,556$18,044$15,793
4 years$15,007$14,436$13,890$13,368$12,869$10,720
5 years$11,885$11,318$10,779$10,268$9,783$7,741
6 years$9,805$9,242$8,711$8,211$7,741$5,808
7 years$8,320$7,761$7,239$6,751$6,295$4,470
8 years$7,206$6,653$6,139$5,663$5,223$3,503
9 years$6,341$5,792$5,288$4,824$4,398$2,783
10 years$5,649$5,106$4,610$4,158$3,748$2,232
11 years$5,083$4,545$4,059$3,619$3,223$1,805
12 years$4,612$4,080$3,602$3,174$2,793$1,468
13 years$4,213$3,687$3,218$2,802$2,436$1,200
14 years$3,872$3,351$2,891$2,488$2,135$984
15 years$3,577$3,061$2,611$2,219$1,880$810
16 years$3,318$2,809$2,367$1,986$1,661$668
17 years$3,091$2,587$2,154$1,785$1,473$552
18 years$2,889$2,390$1,966$1,608$1,310$457
19 years$2,708$2,215$1,800$1,453$1,167$379
20 years$2,546$2,059$1,652$1,316$1,043$315
21 years$2,399$1,917$1,519$1,195$933$262
22 years$2,266$1,790$1,400$1,086$836$218
23 years$2,144$1,674$1,293$989$751$181
24 years$2,033$1,568$1,196$902$675$151
25 years$1,931$1,472$1,108$824$607$126
26 years$1,837$1,383$1,027$753$547$105
27 years$1,750$1,302$954$690$493$87
28 years$1,669$1,227$887$632$445$73
29 years$1,594$1,157$825$579$402$61
30 years$1,525$1,093$769$532$363$51
31 years$1,459$1,033$717$488$328$42
32 years$1,399$978$669$449$297$35
33 years$1,341$926$624$413$269$29
34 years$1,288$878$583$380$243$24
35 years$1,237$832$545$350$220$20
36 years$1,190$790$510$322$200$17
37 years$1,145$750$477$297$181$14
38 years$1,102$713$447$273$164$12
39 years$1,062$678$419$252$149$10
40 years$1,024$645$393$233$135$8
41 years$988$614$368$215$122$7
42 years$954$585$345$198$111$6
43 years$921$557$324$183$101$5
44 years$890$531$304$169$92$4
45 years$860$506$286$156$83$3
46 years$832$483$268$144$75$3
47 years$805$461$252$133$68$2
48 years$779$440$237$123$62$2
49 years$755$420$223$114$56$2
50 years$731$402$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $749,000, adding $2,547 every year, while hoping to spend $30,990 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: 82/5/13 Blend
54$749,000$749,000$749,000$749,000
55$828,025$788,328$776,719$893,703
56$879,511$793,983$769,766$942,810
57$935,209$798,877$761,541$992,386
58$995,517$802,938$751,970$1,045,907
59$1,060,872$806,094$740,972$1,103,752
60$1,131,752$808,265$728,467$1,166,339
61$1,208,687$809,365$714,366$1,234,130
62$1,292,256$809,307$698,581$1,307,633
63$1,383,098$807,996$681,015$1,387,406
64$1,481,916$805,329$661,571$1,474,065
65$1,589,482$801,200$640,144$1,568,291
66$1,706,646$795,496$616,626$1,670,831
67$1,834,345$788,097$590,904$1,782,509
68$1,973,608$778,874$562,859$1,904,233
69$2,125,569$767,691$532,368$2,037,004
70$2,291,476$754,407$499,301$2,181,926
71$2,472,702$738,868$463,523$2,340,211
72$2,670,759$720,914$424,892$2,513,201
73$2,887,312$700,374$383,261$2,702,371
74$3,124,193$677,068$338,476$2,909,346
75$3,383,421$650,805$290,375$3,135,919
76$3,667,218$621,383$238,791$3,384,065
77$3,978,032$588,587$183,547$3,655,960
78$4,318,555$552,192$124,461$3,954,004
79$4,691,758$511,960$61,340$4,280,840
80$5,100,907$467,636$0$4,639,381
81$5,549,603$418,953$0$5,033,674
82$6,041,811$365,631$0$5,475,557
83$6,581,898$307,369$0$5,960,443
84$7,174,674$243,852$0$6,492,662
85$7,825,438$174,748$0$7,076,985
86$8,540,027$99,705$0$7,718,668
87$9,324,870$18,351$0$8,423,501
88$10,187,051$0$0$9,197,864
89$11,134,372$0$0$10,052,622
90$12,175,429$0$0$10,993,084
91$13,319,693$0$0$12,026,800
92$14,577,596$0$0$13,163,195
93$15,960,634$0$0$14,412,657
94$17,481,469$0$0$15,786,629
95$19,154,053$0$0$17,297,719
96$20,993,760$0$0$18,959,816
97$23,017,526$0$0$20,788,226
98$25,244,012$0$0$22,799,810
99$27,693,778$0$0$25,013,149
100$30,389,479$0$0$27,448,713