Can I retire at age 55 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,347$61,792$61,250$60,721$60,205$59,403
2 years$30,865$30,290$29,733$29,193$28,669$27,863
3 years$20,372$19,795$19,239$18,704$18,189$17,403
4 years$15,127$14,551$14,001$13,475$12,972$12,213
5 years$11,981$11,408$10,866$10,350$9,861$9,130
6 years$9,884$9,316$8,781$8,277$7,803$7,102
7 years$8,386$7,823$7,297$6,805$6,346$5,674
8 years$7,264$6,706$6,188$5,709$5,265$4,622
9 years$6,392$5,839$5,330$4,863$4,434$3,821
10 years$5,694$5,147$4,647$4,192$3,778$3,194
11 years$5,124$4,582$4,091$3,648$3,249$2,693
12 years$4,649$4,112$3,631$3,200$2,815$2,288
13 years$4,247$3,716$3,244$2,825$2,455$1,954
14 years$3,903$3,378$2,915$2,508$2,152$1,678
15 years$3,605$3,086$2,631$2,236$1,895$1,446
16 years$3,345$2,831$2,386$2,002$1,675$1,251
17 years$3,115$2,608$2,171$1,799$1,485$1,085
18 years$2,912$2,409$1,982$1,621$1,320$943
19 years$2,730$2,233$1,814$1,465$1,177$821
20 years$2,566$2,075$1,665$1,327$1,051$717
21 years$2,418$1,933$1,532$1,204$941$627
22 years$2,284$1,804$1,412$1,095$843$548
23 years$2,161$1,687$1,303$997$757$481
24 years$2,049$1,581$1,205$909$680$422
25 years$1,947$1,484$1,116$831$612$370
26 years$1,852$1,394$1,035$759$551$325
27 years$1,764$1,312$961$695$497$286
28 years$1,683$1,237$894$637$449$251
29 years$1,607$1,167$832$584$405$221
30 years$1,537$1,102$775$536$366$195
31 years$1,471$1,042$722$492$331$172
32 years$1,410$985$674$452$299$151
33 years$1,352$933$629$416$271$133
34 years$1,298$885$588$383$245$118
35 years$1,247$839$550$352$222$104
36 years$1,199$796$514$325$201$91
37 years$1,154$756$481$299$182$81
38 years$1,111$719$451$276$165$71
39 years$1,071$683$422$254$150$63
40 years$1,032$650$396$234$136$55
41 years$996$619$371$216$123$49
42 years$961$590$348$200$112$43
43 years$928$562$327$184$102$38
44 years$897$535$307$170$92$34
45 years$867$511$288$157$84$30
46 years$839$487$270$145$76$26
47 years$812$465$254$134$69$23
48 years$786$444$239$124$63$20
49 years$761$424$224$114$57$18
50 years$737$405$211$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $755,000, adding $5,374 every year, while hoping to spend $34,998 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: 72/8/20 Blend
54$755,000$755,000$755,000$755,000
55$837,553$797,538$785,836$893,444
56$885,746$799,380$774,924$933,177
57$937,682$800,139$762,473$971,974
58$993,705$799,725$748,395$1,013,582
59$1,054,194$798,043$732,598$1,058,275
60$1,119,566$794,992$714,984$1,106,355
61$1,190,278$790,462$695,452$1,158,155
62$1,266,832$784,341$673,896$1,214,042
63$1,349,783$776,508$650,205$1,274,423
64$1,439,737$766,833$624,263$1,339,744
65$1,537,363$755,180$595,949$1,410,501
66$1,643,396$741,406$565,136$1,487,237
67$1,758,645$725,358$531,690$1,570,555
68$1,884,000$706,873$495,475$1,661,118
69$2,020,439$685,781$456,344$1,759,659
70$2,169,039$661,900$414,147$1,866,985
71$2,330,986$635,038$368,726$1,983,990
72$2,507,583$604,991$319,915$2,111,655
73$2,700,267$571,546$267,542$2,251,068
74$2,910,617$534,475$211,428$2,403,426
75$3,140,373$493,537$151,384$2,570,049
76$3,391,449$448,479$87,214$2,752,395
77$3,665,955$399,032$18,713$2,952,074
78$3,966,210$344,912$0$3,170,857
79$4,294,770$285,820$0$3,422,308
80$4,654,450$221,438$0$3,701,996
81$5,048,347$151,432$0$4,008,353
82$5,479,876$75,450$0$4,344,056
83$5,952,793$0$0$4,712,056
84$6,471,238$0$0$5,116,209
85$7,039,768$0$0$5,566,726
86$7,663,406$0$0$6,060,950
87$8,347,680$0$0$6,603,266
88$9,098,683$0$0$7,198,508
89$9,923,123$0$0$7,851,998
90$10,828,392$0$0$8,569,600
91$11,822,631$0$0$9,357,774
92$12,914,810$0$0$10,223,635
93$14,114,808$0$0$11,175,022
94$15,433,511$0$0$12,220,570
95$16,882,910$0$0$13,369,794
96$18,476,216$0$0$14,633,174
97$20,227,983$0$0$16,022,258
98$22,154,247$0$0$17,549,769
99$24,272,675$0$0$19,229,723
100$26,602,731$0$0$21,077,564