Can I retire at age 55 with 753,000?

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 $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%19.6%
1 years$62,182$61,628$61,088$60,560$60,045$57,731
2 years$30,783$30,210$29,654$29,116$28,593$26,289
3 years$20,318$19,742$19,188$18,655$18,141$15,920
4 years$15,087$14,513$13,964$13,440$12,938$10,817
5 years$11,949$11,378$10,837$10,323$9,835$7,819
6 years$9,857$9,291$8,758$8,255$7,782$5,873
7 years$8,364$7,803$7,278$6,787$6,329$4,525
8 years$7,245$6,688$6,172$5,694$5,251$3,551
9 years$6,375$5,823$5,316$4,850$4,422$2,824
10 years$5,679$5,133$4,635$4,180$3,768$2,268
11 years$5,110$4,570$4,080$3,638$3,240$1,836
12 years$4,636$4,101$3,621$3,191$2,808$1,496
13 years$4,236$3,707$3,235$2,817$2,449$1,224
14 years$3,893$3,369$2,907$2,501$2,146$1,006
15 years$3,596$3,078$2,624$2,230$1,890$829
16 years$3,336$2,824$2,379$1,997$1,670$685
17 years$3,107$2,601$2,165$1,794$1,481$567
18 years$2,904$2,403$1,977$1,617$1,317$470
19 years$2,722$2,227$1,809$1,461$1,174$390
20 years$2,559$2,070$1,661$1,323$1,048$325
21 years$2,412$1,928$1,527$1,201$938$270
22 years$2,278$1,799$1,408$1,092$841$225
23 years$2,156$1,683$1,300$995$755$187
24 years$2,044$1,577$1,202$907$678$156
25 years$1,941$1,480$1,113$828$611$130
26 years$1,847$1,391$1,033$757$550$109
27 years$1,759$1,309$959$693$496$91
28 years$1,678$1,233$891$635$447$76
29 years$1,603$1,164$830$583$404$63
30 years$1,533$1,099$773$535$365$53
31 years$1,467$1,039$720$491$330$44
32 years$1,406$983$672$451$299$37
33 years$1,349$931$628$415$270$31
34 years$1,295$882$586$382$245$26
35 years$1,244$837$548$351$222$22
36 years$1,196$794$513$324$201$18
37 years$1,151$754$480$298$182$15
38 years$1,108$717$449$275$165$13
39 years$1,068$682$421$253$150$11
40 years$1,029$649$395$234$136$9
41 years$993$617$370$216$123$7
42 years$959$588$347$199$112$6
43 years$926$560$326$184$101$5
44 years$895$534$306$170$92$4
45 years$865$509$287$157$84$4
46 years$837$486$270$145$76$3
47 years$809$464$253$134$69$3
48 years$784$443$238$124$63$2
49 years$759$423$224$114$57$2
50 years$735$404$210$106$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $753,000, adding $4,477 every year, while hoping to spend $40,302 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: 46/39/15 Blend
54$753,000$753,000$753,000$753,000
55$834,424$794,515$782,844$869,062
56$876,654$790,565$766,188$889,647
57$921,841$785,071$747,623$907,523
58$970,244$777,915$727,044$926,041
59$1,022,147$768,970$704,337$945,274
60$1,077,861$758,105$679,388$965,309
61$1,137,729$745,178$652,074$986,243
62$1,202,126$730,041$622,267$1,008,186
63$1,271,464$712,535$589,834$1,031,261
64$1,346,197$692,492$554,637$1,055,607
65$1,426,822$669,737$516,530$1,081,384
66$1,513,884$644,081$475,361$1,108,766
67$1,607,986$615,325$430,970$1,137,953
68$1,709,785$583,261$383,192$1,169,167
69$1,820,008$547,666$331,855$1,202,660
70$1,939,453$508,305$276,775$1,238,711
71$2,068,995$464,931$217,766$1,277,634
72$2,209,600$417,280$154,628$1,319,780
73$2,362,328$365,076$87,157$1,365,541
74$2,528,346$308,025$15,138$1,415,357
75$2,708,937$245,818$0$1,469,715
76$2,905,514$178,128$0$1,539,042
77$3,119,630$104,609$0$1,617,293
78$3,352,994$24,897$0$1,702,762
79$3,607,490$0$0$1,796,244
80$3,885,187$0$0$1,924,970
81$4,188,366$0$0$2,077,256
82$4,519,537$0$0$2,243,687
83$4,881,461$0$0$2,425,662
84$5,277,181$0$0$2,624,722
85$5,710,046$0$0$2,842,562
86$6,183,743$0$0$3,081,051
87$6,702,331$0$0$3,342,245
88$7,270,283$0$0$3,628,410
89$7,892,522$0$0$3,942,038
90$8,574,470$0$0$4,285,878
91$9,322,100$0$0$4,662,955
92$10,141,989$0$0$5,076,600
93$11,041,381$0$0$5,530,486
94$12,028,255$0$0$6,028,654
95$13,111,401$0$0$6,575,558
96$14,300,500$0$0$7,176,104
97$15,606,218$0$0$7,835,695
98$17,040,301$0$0$8,560,285
99$18,615,691$0$0$9,356,432
100$20,346,645$0$0$10,231,360