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%15.6%
1 years$62,017$61,464$60,926$60,399$59,886$58,509
2 years$30,701$30,130$29,575$29,038$28,517$27,138
3 years$20,264$19,690$19,137$18,605$18,092$16,754
4 years$15,047$14,474$13,927$13,404$12,904$11,616
5 years$11,917$11,348$10,808$10,295$9,809$8,575
6 years$9,831$9,266$8,734$8,233$7,762$6,583
7 years$8,342$7,782$7,258$6,769$6,312$5,190
8 years$7,226$6,671$6,156$5,678$5,237$4,170
9 years$6,358$5,808$5,302$4,837$4,410$3,397
10 years$5,664$5,119$4,622$4,169$3,758$2,798
11 years$5,096$4,558$4,069$3,629$3,232$2,325
12 years$4,624$4,091$3,611$3,183$2,800$1,944
13 years$4,224$3,697$3,227$2,810$2,442$1,635
14 years$3,882$3,360$2,899$2,494$2,141$1,381
15 years$3,586$3,070$2,618$2,224$1,885$1,171
16 years$3,327$2,816$2,373$1,992$1,666$995
17 years$3,099$2,594$2,159$1,790$1,477$849
18 years$2,896$2,397$1,971$1,613$1,313$725
19 years$2,715$2,221$1,805$1,457$1,171$620
20 years$2,552$2,064$1,656$1,320$1,046$532
21 years$2,405$1,923$1,523$1,198$936$456
22 years$2,272$1,795$1,404$1,089$839$392
23 years$2,150$1,679$1,296$992$753$337
24 years$2,039$1,573$1,199$905$677$290
25 years$1,936$1,476$1,110$826$609$250
26 years$1,842$1,387$1,030$755$548$216
27 years$1,755$1,305$956$691$495$186
28 years$1,674$1,230$889$634$446$160
29 years$1,599$1,160$827$581$403$138
30 years$1,529$1,096$771$533$364$119
31 years$1,463$1,036$718$490$329$103
32 years$1,402$980$670$450$298$89
33 years$1,345$928$626$414$269$77
34 years$1,291$880$585$381$244$67
35 years$1,240$835$547$351$221$57
36 years$1,193$792$511$323$200$50
37 years$1,148$752$479$297$181$43
38 years$1,105$715$448$274$165$37
39 years$1,065$680$420$253$149$32
40 years$1,027$647$394$233$135$28
41 years$991$616$369$215$123$24
42 years$956$586$346$199$111$21
43 years$923$559$325$183$101$18
44 years$892$533$305$169$92$16
45 years$863$508$286$156$83$13
46 years$834$484$269$144$76$12
47 years$807$462$253$133$69$10
48 years$782$441$237$123$62$9
49 years$757$421$223$114$57$8
50 years$733$403$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $751,000, adding $3,354 every year, while hoping to spend $42,206 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: 62/33/5 Blend
54$751,000$751,000$751,000$751,000
55$831,062$791,259$779,618$881,731
56$870,923$785,123$760,829$909,793
57$913,436$777,273$739,995$935,160
58$958,826$767,579$717,004$961,746
59$1,007,340$755,905$691,738$989,669
60$1,059,251$742,106$664,073$1,019,056
61$1,114,855$726,030$633,880$1,050,051
62$1,174,479$707,514$601,024$1,082,815
63$1,238,480$686,386$565,363$1,117,525
64$1,307,253$662,467$526,750$1,154,380
65$1,381,227$635,562$485,030$1,193,599
66$1,460,876$605,469$440,043$1,235,428
67$1,546,721$571,972$391,620$1,280,140
68$1,639,332$534,844$339,584$1,328,035
69$1,739,337$493,845$283,754$1,379,451
70$1,847,426$448,719$223,936$1,434,761
71$1,964,355$399,199$159,930$1,494,380
72$2,090,960$345,000$91,528$1,558,767
73$2,228,154$285,822$18,511$1,628,433
74$2,376,946$221,347$0$1,703,945
75$2,538,443$151,241$0$1,789,101
76$2,713,862$75,150$0$1,882,689
77$2,904,543$0$0$1,984,506
78$3,111,961$0$0$2,098,074
79$3,337,737$0$0$2,251,446
80$3,583,655$0$0$2,418,553
81$3,851,679$0$0$2,600,734
82$4,143,970$0$0$2,799,466
83$4,462,906$0$0$3,016,373
84$4,811,106$0$0$3,253,242
85$5,191,452$0$0$3,512,041
86$5,607,115$0$0$3,794,937
87$6,061,589$0$0$4,104,316
88$6,558,720$0$0$4,442,804
89$7,102,742$0$0$4,813,292
90$7,698,317$0$0$5,218,967
91$8,350,581$0$0$5,663,333
92$9,065,187$0$0$6,150,254
93$9,848,363$0$0$6,683,983
94$10,706,967$0$0$7,269,203
95$11,648,551$0$0$7,911,075
96$12,681,435$0$0$8,615,281
97$13,814,782$0$0$9,388,080
98$15,058,686$0$0$10,236,367
99$16,424,264$0$0$11,167,736
100$17,923,764$0$0$12,190,554