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%18%
1 years$62,265$61,710$61,169$60,641$60,125$58,177
2 years$30,824$30,250$29,694$29,154$28,631$26,687
3 years$20,345$19,769$19,214$18,679$18,165$16,285
4 years$15,107$14,532$13,983$13,457$12,955$11,155
5 years$11,965$11,393$10,851$10,337$9,848$8,132
6 years$9,871$9,304$8,769$8,266$7,793$6,162
7 years$8,375$7,813$7,287$6,796$6,338$4,792
8 years$7,254$6,697$6,180$5,701$5,258$3,796
9 years$6,383$5,831$5,323$4,856$4,428$3,048
10 years$5,686$5,140$4,641$4,186$3,773$2,473
11 years$5,117$4,576$4,086$3,643$3,245$2,023
12 years$4,642$4,107$3,626$3,195$2,812$1,665
13 years$4,241$3,711$3,240$2,821$2,452$1,378
14 years$3,898$3,374$2,911$2,504$2,149$1,145
15 years$3,600$3,082$2,628$2,233$1,892$954
16 years$3,341$2,828$2,383$2,000$1,672$798
17 years$3,111$2,604$2,168$1,797$1,483$668
18 years$2,908$2,406$1,979$1,619$1,319$561
19 years$2,726$2,230$1,812$1,463$1,175$471
20 years$2,563$2,072$1,663$1,325$1,050$397
21 years$2,415$1,930$1,530$1,203$939$334
22 years$2,281$1,802$1,410$1,093$842$282
23 years$2,159$1,685$1,302$996$756$238
24 years$2,047$1,579$1,204$908$679$201
25 years$1,944$1,482$1,115$829$611$170
26 years$1,849$1,393$1,034$758$551$144
27 years$1,762$1,311$960$694$496$121
28 years$1,681$1,235$893$636$448$103
29 years$1,605$1,165$831$583$405$87
30 years$1,535$1,100$774$535$366$74
31 years$1,469$1,040$721$492$330$62
32 years$1,408$984$673$452$299$53
33 years$1,350$932$628$415$271$45
34 years$1,296$883$587$382$245$38
35 years$1,245$838$549$352$222$32
36 years$1,198$795$514$324$201$27
37 years$1,152$755$481$299$182$23
38 years$1,110$718$450$275$165$19
39 years$1,069$683$422$254$150$16
40 years$1,031$649$395$234$136$14
41 years$994$618$371$216$123$12
42 years$960$589$348$199$112$10
43 years$927$561$326$184$101$9
44 years$896$535$306$170$92$7
45 years$866$510$288$157$84$6
46 years$838$486$270$145$76$5
47 years$811$464$254$134$69$4
48 years$785$443$238$124$63$4
49 years$760$423$224$114$57$3
50 years$736$404$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $754,000, adding $2,316 every year, while hoping to spend $55,230 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: 44/31/25 Blend
54$754,000$754,000$754,000$754,000
55$833,297$793,335$781,648$863,828
56$859,529$773,444$749,069$865,847
57$886,586$750,727$713,547$862,528
58$914,493$724,988$674,926$857,842
59$943,276$696,019$633,042$851,691
60$972,965$663,598$587,723$843,973
61$1,003,586$627,492$538,791$834,580
62$1,035,169$587,457$486,057$823,397
63$1,067,743$543,229$429,327$810,305
64$1,101,340$494,535$368,397$795,175
65$1,135,992$441,082$303,054$777,874
66$1,171,731$382,563$233,074$758,260
67$1,208,592$318,653$158,226$736,184
68$1,246,608$249,007$78,267$711,488
69$1,285,817$173,263$0$684,006
70$1,326,255$91,037$0$655,449
71$1,367,959$1,924$0$646,150
72$1,410,970$0$0$635,088
73$1,455,328$0$0$654,373
74$1,501,074$0$0$674,939
75$1,548,251$0$0$696,148
76$1,596,903$0$0$718,020
77$1,647,076$0$0$740,574
78$1,698,816$0$0$763,833
79$1,752,172$0$0$787,818
80$1,807,192$0$0$812,550
81$1,863,927$0$0$838,053
82$1,922,430$0$0$864,349
83$1,982,755$0$0$891,464
84$2,044,956$0$0$919,421
85$2,109,090$0$0$948,246
86$2,175,216$0$0$977,965
87$2,243,392$0$0$1,008,605
88$2,313,682$0$0$1,040,193
89$2,386,147$0$0$1,072,757
90$2,460,853$0$0$1,106,327
91$2,537,865$0$0$1,140,932
92$2,617,252$0$0$1,176,601
93$2,699,082$0$0$1,213,367
94$2,783,427$0$0$1,251,261
95$2,870,361$0$0$1,290,314
96$2,959,957$0$0$1,330,561
97$3,052,291$0$0$1,372,036
98$3,147,442$0$0$1,414,772
99$3,245,489$0$0$1,458,805
100$3,346,512$0$0$1,504,170