Can I retire at age 55 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$62,017$61,464$60,926$60,399$59,886$57,555
2 years$30,701$30,130$29,575$29,038$28,517$26,197
3 years$20,264$19,690$19,137$18,605$18,092$15,856
4 years$15,047$14,474$13,927$13,404$12,904$10,768
5 years$11,917$11,348$10,808$10,295$9,809$7,780
6 years$9,831$9,266$8,734$8,233$7,762$5,840
7 years$8,342$7,782$7,258$6,769$6,312$4,498
8 years$7,226$6,671$6,156$5,678$5,237$3,527
9 years$6,358$5,808$5,302$4,837$4,410$2,803
10 years$5,664$5,119$4,622$4,169$3,758$2,250
11 years$5,096$4,558$4,069$3,629$3,232$1,820
12 years$4,624$4,091$3,611$3,183$2,800$1,482
13 years$4,224$3,697$3,227$2,810$2,442$1,212
14 years$3,882$3,360$2,899$2,494$2,141$995
15 years$3,586$3,070$2,618$2,224$1,885$819
16 years$3,327$2,816$2,373$1,992$1,666$676
17 years$3,099$2,594$2,159$1,790$1,477$560
18 years$2,896$2,397$1,971$1,613$1,313$464
19 years$2,715$2,221$1,805$1,457$1,171$385
20 years$2,552$2,064$1,656$1,320$1,046$320
21 years$2,405$1,923$1,523$1,198$936$266
22 years$2,272$1,795$1,404$1,089$839$221
23 years$2,150$1,679$1,296$992$753$184
24 years$2,039$1,573$1,199$905$677$154
25 years$1,936$1,476$1,110$826$609$128
26 years$1,842$1,387$1,030$755$548$107
27 years$1,755$1,305$956$691$495$89
28 years$1,674$1,230$889$634$446$74
29 years$1,599$1,160$827$581$403$62
30 years$1,529$1,096$771$533$364$52
31 years$1,463$1,036$718$490$329$43
32 years$1,402$980$670$450$298$36
33 years$1,345$928$626$414$269$30
34 years$1,291$880$585$381$244$25
35 years$1,240$835$547$351$221$21
36 years$1,193$792$511$323$200$18
37 years$1,148$752$479$297$181$15
38 years$1,105$715$448$274$165$12
39 years$1,065$680$420$253$149$10
40 years$1,027$647$394$233$135$9
41 years$991$616$369$215$123$7
42 years$956$586$346$199$111$6
43 years$923$559$325$183$101$5
44 years$892$533$305$169$92$4
45 years$863$508$286$156$83$3
46 years$834$484$269$144$76$3
47 years$807$462$253$133$69$2
48 years$782$441$237$123$62$2
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $751,000, adding $3,250 every year, while hoping to spend $32,048 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: 39/33/28 Blend
54$751,000$751,000$751,000$751,000
55$830,954$791,151$779,511$856,356
56$881,613$795,819$771,526$879,880
57$936,364$799,641$762,199$902,105
58$995,593$802,543$751,452$925,527
59$1,059,719$804,444$739,202$950,275
60$1,129,208$805,259$725,362$976,495
61$1,204,569$804,898$709,843$1,004,347
62$1,286,362$803,265$692,550$1,034,012
63$1,375,204$800,258$673,384$1,065,692
64$1,471,774$795,770$652,241$1,099,611
65$1,576,817$789,685$629,013$1,136,019
66$1,691,155$781,882$603,588$1,175,192
67$1,815,690$772,231$575,845$1,217,442
68$1,951,418$760,597$545,663$1,263,112
69$2,099,431$746,835$512,911$1,312,585
70$2,260,933$730,791$477,455$1,366,287
71$2,437,251$712,302$439,152$1,424,689
72$2,629,843$691,198$397,856$1,488,316
73$2,840,315$667,294$353,412$1,557,753
74$3,070,436$640,400$305,660$1,633,644
75$3,322,152$610,311$254,431$1,716,709
76$3,597,606$576,811$199,549$1,807,742
77$3,899,160$539,673$140,832$1,907,626
78$4,229,411$498,654$78,087$2,017,340
79$4,591,224$453,500$11,115$2,137,967
80$4,987,749$403,942$0$2,270,710
81$5,422,459$349,695$0$2,434,929
82$5,899,176$290,457$0$2,618,784
83$6,422,114$225,911$0$2,820,649
84$6,995,909$155,720$0$3,042,401
85$7,625,672$79,531$0$3,286,113
86$8,317,030$0$0$3,554,072
87$9,076,184$0$0$3,849,908
88$9,909,961$0$0$4,206,647
89$10,825,887$0$0$4,598,641
90$11,832,247$0$0$5,029,450
91$12,938,173$0$0$5,502,997
92$14,153,724$0$0$6,023,603
93$15,489,980$0$0$6,596,028
94$16,959,150$0$0$7,225,519
95$18,574,685$0$0$7,917,853
96$20,351,404$0$0$8,679,398
97$22,305,635$0$0$9,517,170
98$24,455,366$0$0$10,438,897
99$26,820,419$0$0$11,453,096
100$29,422,631$0$0$12,569,151