Can I retire at age 55 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$62,265$61,710$61,169$60,641$60,125$58,839
2 years$30,824$30,250$29,694$29,154$28,631$27,342
3 years$20,345$19,769$19,214$18,679$18,165$16,912
4 years$15,107$14,532$13,983$13,457$12,955$11,749
5 years$11,965$11,393$10,851$10,337$9,848$8,692
6 years$9,871$9,304$8,769$8,266$7,793$6,688
7 years$8,375$7,813$7,287$6,796$6,338$5,284
8 years$7,254$6,697$6,180$5,701$5,258$4,255
9 years$6,383$5,831$5,323$4,856$4,428$3,475
10 years$5,686$5,140$4,641$4,186$3,773$2,870
11 years$5,117$4,576$4,086$3,643$3,245$2,390
12 years$4,642$4,107$3,626$3,195$2,812$2,004
13 years$4,241$3,711$3,240$2,821$2,452$1,690
14 years$3,898$3,374$2,911$2,504$2,149$1,431
15 years$3,600$3,082$2,628$2,233$1,892$1,216
16 years$3,341$2,828$2,383$2,000$1,672$1,037
17 years$3,111$2,604$2,168$1,797$1,483$887
18 years$2,908$2,406$1,979$1,619$1,319$760
19 years$2,726$2,230$1,812$1,463$1,175$652
20 years$2,563$2,072$1,663$1,325$1,050$561
21 years$2,415$1,930$1,530$1,203$939$483
22 years$2,281$1,802$1,410$1,093$842$416
23 years$2,159$1,685$1,302$996$756$359
24 years$2,047$1,579$1,204$908$679$310
25 years$1,944$1,482$1,115$829$611$268
26 years$1,849$1,393$1,034$758$551$232
27 years$1,762$1,311$960$694$496$200
28 years$1,681$1,235$893$636$448$173
29 years$1,605$1,165$831$583$405$150
30 years$1,535$1,100$774$535$366$130
31 years$1,469$1,040$721$492$330$113
32 years$1,408$984$673$452$299$98
33 years$1,350$932$628$415$271$85
34 years$1,296$883$587$382$245$73
35 years$1,245$838$549$352$222$64
36 years$1,198$795$514$324$201$55
37 years$1,152$755$481$299$182$48
38 years$1,110$718$450$275$165$42
39 years$1,069$683$422$254$150$36
40 years$1,031$649$395$234$136$31
41 years$994$618$371$216$123$27
42 years$960$589$348$199$112$24
43 years$927$561$326$184$101$20
44 years$896$535$306$170$92$18
45 years$866$510$288$157$84$15
46 years$838$486$270$145$76$13
47 years$811$464$254$134$69$12
48 years$785$443$238$124$63$10
49 years$760$423$224$114$57$9
50 years$736$404$211$106$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $754,000, adding $6,448 every year, while hoping to spend $28,902 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: 53/31/16 Blend
54$754,000$754,000$754,000$754,000
55$837,559$797,597$785,910$878,017
56$892,239$805,928$781,487$914,722
57$951,527$813,698$775,946$951,032
58$1,015,863$820,850$769,221$989,897
59$1,085,731$827,322$761,240$1,031,566
60$1,161,663$833,047$751,928$1,076,316
61$1,244,242$837,957$741,208$1,124,453
62$1,334,114$841,976$728,998$1,176,316
63$1,431,986$845,025$715,211$1,232,278
64$1,538,638$847,020$699,760$1,292,752
65$1,654,926$847,871$682,549$1,358,195
66$1,781,795$847,484$663,481$1,429,110
67$1,920,284$845,756$642,454$1,506,056
68$2,071,536$842,581$619,359$1,589,647
69$2,236,811$837,846$594,086$1,680,563
70$2,417,494$831,428$566,516$1,779,555
71$2,615,111$823,201$536,527$1,887,452
72$2,831,343$813,029$503,991$2,005,171
73$3,068,039$800,766$468,774$2,133,724
74$3,327,237$786,262$430,736$2,274,227
75$3,611,181$769,354$389,731$2,427,914
76$3,922,340$749,872$345,606$2,596,148
77$4,263,437$727,633$298,202$2,780,433
78$4,637,467$702,447$247,351$2,982,429
79$5,047,732$674,111$192,881$3,203,970
80$5,497,868$642,409$134,609$3,447,078
81$5,991,878$607,114$72,346$3,713,989
82$6,534,174$567,987$5,894$4,007,167
83$7,129,614$524,773$0$4,329,333
84$7,783,551$477,204$0$4,694,592
85$8,501,882$424,995$0$5,096,953
86$9,291,101$367,847$0$5,539,105
87$10,158,364$305,442$0$6,025,122
88$11,111,555$237,447$0$6,559,501
89$12,159,358$163,506$0$7,147,199
90$13,311,341$83,246$0$7,793,682
91$14,578,046$0$0$8,504,979
92$15,971,086$0$0$9,289,008
93$17,503,259$0$0$10,182,657
94$19,188,661$0$0$11,165,764
95$21,042,826$0$0$12,247,399
96$23,082,869$0$0$13,437,556
97$25,327,647$0$0$14,747,248
98$27,797,938$0$0$16,188,609
99$30,516,635$0$0$17,775,009
100$33,508,964$0$0$19,521,179