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%13.6%
1 years$62,265$61,710$61,169$60,641$60,125$59,227
2 years$30,824$30,250$29,694$29,154$28,631$27,728
3 years$20,345$19,769$19,214$18,679$18,165$17,285
4 years$15,107$14,532$13,983$13,457$12,955$12,106
5 years$11,965$11,393$10,851$10,337$9,848$9,031
6 years$9,871$9,304$8,769$8,266$7,793$7,009
7 years$8,375$7,813$7,287$6,796$6,338$5,588
8 years$7,254$6,697$6,180$5,701$5,258$4,542
9 years$6,383$5,831$5,323$4,856$4,428$3,745
10 years$5,686$5,140$4,641$4,186$3,773$3,123
11 years$5,117$4,576$4,086$3,643$3,245$2,627
12 years$4,642$4,107$3,626$3,195$2,812$2,226
13 years$4,241$3,711$3,240$2,821$2,452$1,897
14 years$3,898$3,374$2,911$2,504$2,149$1,624
15 years$3,600$3,082$2,628$2,233$1,892$1,396
16 years$3,341$2,828$2,383$2,000$1,672$1,204
17 years$3,111$2,604$2,168$1,797$1,483$1,041
18 years$2,908$2,406$1,979$1,619$1,319$902
19 years$2,726$2,230$1,812$1,463$1,175$784
20 years$2,563$2,072$1,663$1,325$1,050$682
21 years$2,415$1,930$1,530$1,203$939$594
22 years$2,281$1,802$1,410$1,093$842$519
23 years$2,159$1,685$1,302$996$756$453
24 years$2,047$1,579$1,204$908$679$396
25 years$1,944$1,482$1,115$829$611$347
26 years$1,849$1,393$1,034$758$551$304
27 years$1,762$1,311$960$694$496$266
28 years$1,681$1,235$893$636$448$233
29 years$1,605$1,165$831$583$405$205
30 years$1,535$1,100$774$535$366$180
31 years$1,469$1,040$721$492$330$158
32 years$1,408$984$673$452$299$138
33 years$1,350$932$628$415$271$122
34 years$1,296$883$587$382$245$107
35 years$1,245$838$549$352$222$94
36 years$1,198$795$514$324$201$83
37 years$1,152$755$481$299$182$73
38 years$1,110$718$450$275$165$64
39 years$1,069$683$422$254$150$56
40 years$1,031$649$395$234$136$49
41 years$994$618$371$216$123$43
42 years$960$589$348$199$112$38
43 years$927$561$326$184$101$34
44 years$896$535$306$170$92$30
45 years$866$510$288$157$84$26
46 years$838$486$270$145$76$23
47 years$811$464$254$134$69$20
48 years$785$443$238$124$63$18
49 years$760$423$224$114$57$16
50 years$736$404$211$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $754,000, adding $4,509 every year, while hoping to spend $45,687 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: 80/12/8 Blend
54$754,000$754,000$754,000$754,000
55$835,559$795,597$783,910$901,173
56$872,175$785,971$761,560$935,196
57$910,995$774,341$736,931$966,058
58$952,196$760,563$709,897$998,553
59$995,969$744,480$680,328$1,032,821
60$1,042,527$725,928$648,088$1,069,017
61$1,092,100$704,734$613,034$1,107,311
62$1,144,942$680,714$575,018$1,147,890
63$1,201,329$653,671$533,884$1,190,962
64$1,261,565$623,402$489,470$1,236,755
65$1,325,982$589,686$441,605$1,285,521
66$1,394,946$552,295$390,112$1,337,538
67$1,468,856$510,983$334,807$1,393,113
68$1,548,152$465,493$275,495$1,452,584
69$1,633,313$415,553$211,974$1,516,324
70$1,724,870$360,873$144,034$1,584,747
71$1,823,402$301,151$71,454$1,658,307
72$1,929,545$236,064$0$1,737,506
73$2,044,001$165,273$0$1,823,412
74$2,167,536$88,419$0$1,922,665
75$2,300,996$5,122$0$2,029,858
76$2,445,308$0$0$2,145,758
77$2,601,494$0$0$2,282,438
78$2,770,673$0$0$2,431,238
79$2,954,079$0$0$2,592,570
80$3,153,067$0$0$2,767,628
81$3,369,129$0$0$2,957,727
82$3,603,905$0$0$3,164,311
83$3,859,197$0$0$3,388,972
84$4,136,993$0$0$3,633,457
85$4,439,474$0$0$3,899,692
86$4,769,044$0$0$4,189,796
87$5,128,348$0$0$4,506,099
88$5,520,296$0$0$4,851,166
89$5,948,092$0$0$5,227,821
90$6,415,262$0$0$5,639,174
91$6,925,688$0$0$6,088,645
92$7,483,643$0$0$6,580,001
93$8,093,833$0$0$7,117,391
94$8,761,439$0$0$7,705,381
95$9,492,164$0$0$8,349,000
96$10,292,291$0$0$9,053,784
97$11,168,736$0$0$9,825,831
98$12,129,118$0$0$10,671,857
99$13,181,826$0$0$11,599,257
100$14,336,099$0$0$12,616,176