Can I retire at age 55 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$61,934$61,383$60,844$60,319$59,806$58,008
2 years$30,661$30,090$29,536$29,000$28,479$26,683
3 years$20,237$19,664$19,112$18,580$18,068$16,330
4 years$15,027$14,455$13,909$13,386$12,886$11,219
5 years$11,901$11,333$10,794$10,282$9,796$8,205
6 years$9,818$9,254$8,723$8,222$7,751$6,237
7 years$8,331$7,772$7,249$6,760$6,304$4,867
8 years$7,216$6,662$6,147$5,671$5,230$3,869
9 years$6,349$5,800$5,295$4,830$4,404$3,119
10 years$5,656$5,113$4,616$4,164$3,753$2,540
11 years$5,090$4,551$4,064$3,624$3,227$2,086
12 years$4,618$4,085$3,607$3,179$2,797$1,724
13 years$4,219$3,692$3,222$2,806$2,439$1,432
14 years$3,877$3,356$2,895$2,491$2,138$1,195
15 years$3,581$3,066$2,614$2,222$1,882$1,000
16 years$3,323$2,813$2,370$1,989$1,664$840
17 years$3,095$2,590$2,157$1,787$1,475$706
18 years$2,892$2,394$1,969$1,611$1,312$596
19 years$2,712$2,218$1,802$1,455$1,169$503
20 years$2,549$2,061$1,654$1,318$1,044$425
21 years$2,402$1,920$1,521$1,196$934$360
22 years$2,269$1,792$1,402$1,088$838$305
23 years$2,147$1,676$1,295$991$752$259
24 years$2,036$1,571$1,197$903$676$219
25 years$1,934$1,474$1,109$825$608$186
26 years$1,839$1,385$1,029$754$548$158
27 years$1,752$1,304$955$691$494$135
28 years$1,672$1,228$888$633$446$114
29 years$1,597$1,159$826$580$402$97
30 years$1,527$1,094$770$532$364$83
31 years$1,461$1,035$717$489$329$70
32 years$1,400$979$669$449$297$60
33 years$1,343$927$625$413$269$51
34 years$1,289$879$584$380$244$43
35 years$1,239$833$546$350$221$37
36 years$1,191$791$511$322$200$31
37 years$1,146$751$478$297$181$27
38 years$1,104$714$448$274$164$23
39 years$1,063$679$419$252$149$19
40 years$1,025$646$393$233$135$17
41 years$989$615$369$215$123$14
42 years$955$586$346$198$111$12
43 years$922$558$324$183$101$10
44 years$891$532$305$169$92$9
45 years$861$507$286$156$83$7
46 years$833$484$269$144$76$6
47 years$806$462$252$133$69$5
48 years$780$441$237$123$62$5
49 years$756$421$223$114$57$4
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $750,000, adding $6,072 every year, while hoping to spend $50,754 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: 40/46/14 Blend
54$750,000$750,000$750,000$750,000
55$832,763$793,013$781,388$862,376
56$863,703$777,869$753,563$868,780
57$896,098$760,282$723,104$870,282
58$930,043$740,078$689,871$870,806
59$965,639$717,074$653,714$870,289
60$1,003,000$691,077$614,479$868,662
61$1,042,246$661,879$572,004$865,858
62$1,083,509$629,265$526,120$861,805
63$1,126,931$593,003$476,649$856,430
64$1,172,669$552,851$423,408$849,657
65$1,220,892$508,552$366,203$841,408
66$1,271,785$459,833$304,833$831,607
67$1,325,550$406,408$239,087$820,171
68$1,382,406$347,971$168,747$807,021
69$1,442,593$284,204$93,581$792,073
70$1,506,374$214,766$13,353$775,246
71$1,574,034$139,300$0$756,457
72$1,645,887$57,427$0$746,418
73$1,722,275$0$0$737,085
74$1,803,572$0$0$742,241
75$1,890,190$0$0$778,759
76$1,982,575$0$0$817,768
77$2,081,221$0$0$859,482
78$2,186,666$0$0$904,138
79$2,299,501$0$0$951,993
80$2,420,374$0$0$1,003,333
81$2,549,994$0$0$1,058,467
82$2,689,143$0$0$1,117,739
83$2,838,675$0$0$1,181,522
84$2,999,529$0$0$1,250,229
85$3,172,737$0$0$1,324,312
86$3,359,430$0$0$1,404,268
87$3,560,852$0$0$1,490,643
88$3,778,371$0$0$1,584,037
89$4,013,488$0$0$1,685,110
90$4,267,853$0$0$1,794,587
91$4,543,280$0$0$1,913,265
92$4,841,764$0$0$2,042,020
93$5,165,498$0$0$2,181,817
94$5,516,894$0$0$2,333,716
95$5,898,604$0$0$2,498,882
96$6,313,547$0$0$2,678,601
97$6,764,933$0$0$2,874,283
98$7,256,294$0$0$3,087,482
99$7,791,515$0$0$3,319,908
100$8,374,874$0$0$3,573,443