Can I retire at age 55 with 753,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$62,182$61,628$61,088$60,560$60,045$59,717
2 years$30,783$30,210$29,654$29,116$28,593$28,262
3 years$20,318$19,742$19,188$18,655$18,141$17,817
4 years$15,087$14,513$13,964$13,440$12,938$12,624
5 years$11,949$11,378$10,837$10,323$9,835$9,532
6 years$9,857$9,291$8,758$8,255$7,782$7,490
7 years$8,364$7,803$7,278$6,787$6,329$6,048
8 years$7,245$6,688$6,172$5,694$5,251$4,981
9 years$6,375$5,823$5,316$4,850$4,422$4,163
10 years$5,679$5,133$4,635$4,180$3,768$3,520
11 years$5,110$4,570$4,080$3,638$3,240$3,003
12 years$4,636$4,101$3,621$3,191$2,808$2,582
13 years$4,236$3,707$3,235$2,817$2,449$2,233
14 years$3,893$3,369$2,907$2,501$2,146$1,941
15 years$3,596$3,078$2,624$2,230$1,890$1,695
16 years$3,336$2,824$2,379$1,997$1,670$1,485
17 years$3,107$2,601$2,165$1,794$1,481$1,305
18 years$2,904$2,403$1,977$1,617$1,317$1,150
19 years$2,722$2,227$1,809$1,461$1,174$1,015
20 years$2,559$2,070$1,661$1,323$1,048$899
21 years$2,412$1,928$1,527$1,201$938$797
22 years$2,278$1,799$1,408$1,092$841$707
23 years$2,156$1,683$1,300$995$755$629
24 years$2,044$1,577$1,202$907$678$560
25 years$1,941$1,480$1,113$828$611$499
26 years$1,847$1,391$1,033$757$550$445
27 years$1,759$1,309$959$693$496$397
28 years$1,678$1,233$891$635$447$354
29 years$1,603$1,164$830$583$404$317
30 years$1,533$1,099$773$535$365$283
31 years$1,467$1,039$720$491$330$253
32 years$1,406$983$672$451$299$227
33 years$1,349$931$628$415$270$203
34 years$1,295$882$586$382$245$182
35 years$1,244$837$548$351$222$163
36 years$1,196$794$513$324$201$146
37 years$1,151$754$480$298$182$131
38 years$1,108$717$449$275$165$117
39 years$1,068$682$421$253$150$105
40 years$1,029$649$395$234$136$94
41 years$993$617$370$216$123$85
42 years$959$588$347$199$112$76
43 years$926$560$326$184$101$68
44 years$895$534$306$170$92$61
45 years$865$509$287$157$84$55
46 years$837$486$270$145$76$49
47 years$809$464$253$134$69$44
48 years$784$443$238$124$63$40
49 years$759$423$224$114$57$36
50 years$735$404$210$106$52$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $753,000, adding $2,984 every year, while hoping to spend $42,052 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: 45/27/28 Blend
54$753,000$753,000$753,000$753,000
55$832,884$792,975$781,303$863,504
56$873,095$787,088$762,734$879,680
57$915,998$779,503$742,133$892,943
58$961,824$770,092$719,389$906,520
59$1,010,824$758,721$694,382$920,465
60$1,063,276$745,245$666,991$934,839
61$1,119,482$729,514$637,088$949,711
62$1,179,775$711,367$604,536$965,164
63$1,244,520$690,632$569,196$981,288
64$1,314,118$667,130$530,921$998,189
65$1,389,009$640,670$489,558$1,015,987
66$1,469,676$611,051$444,946$1,034,819
67$1,556,649$578,058$396,918$1,054,837
68$1,650,510$541,466$345,298$1,076,217
69$1,751,901$501,037$289,904$1,099,156
70$1,861,524$456,517$230,545$1,123,876
71$1,980,153$407,639$167,021$1,150,627
72$2,108,638$354,123$99,126$1,179,692
73$2,247,913$295,669$26,641$1,211,385
74$2,399,007$231,963$0$1,246,063
75$2,563,049$162,673$0$1,299,275
76$2,741,282$87,446$0$1,365,794
77$2,935,075$5,913$0$1,438,224
78$3,145,931$0$0$1,517,201
79$3,375,506$0$0$1,627,884
80$3,625,622$0$0$1,750,467
81$3,898,283$0$0$1,884,184
82$4,195,694$0$0$2,030,127
83$4,520,285$0$0$2,189,501
84$4,874,728$0$0$2,363,627
85$5,261,965$0$0$2,553,965
86$5,685,236$0$0$2,762,119
87$6,148,107$0$0$2,989,855
88$6,654,505$0$0$3,239,120
89$7,208,753$0$0$3,512,054
90$7,815,612$0$0$3,811,019
91$8,480,325$0$0$4,138,610
92$9,208,666$0$0$4,497,691
93$10,006,993$0$0$4,891,411
94$10,882,309$0$0$5,323,242
95$11,842,327$0$0$5,797,007
96$12,895,543$0$0$6,316,915
97$14,051,314$0$0$6,887,605
98$15,319,947$0$0$7,514,186
99$16,712,796$0$0$8,202,286
100$18,242,366$0$0$8,958,104