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%16%
1 years$62,347$61,792$61,250$60,721$60,205$58,725
2 years$30,865$30,290$29,733$29,193$28,669$27,188
3 years$20,372$19,795$19,239$18,704$18,189$16,752
4 years$15,127$14,551$14,001$13,475$12,972$11,591
5 years$11,981$11,408$10,866$10,350$9,861$8,539
6 years$9,884$9,316$8,781$8,277$7,803$6,541
7 years$8,386$7,823$7,297$6,805$6,346$5,145
8 years$7,264$6,706$6,188$5,709$5,265$4,124
9 years$6,392$5,839$5,330$4,863$4,434$3,352
10 years$5,694$5,147$4,647$4,192$3,778$2,754
11 years$5,124$4,582$4,091$3,648$3,249$2,282
12 years$4,649$4,112$3,631$3,200$2,815$1,904
13 years$4,247$3,716$3,244$2,825$2,455$1,596
14 years$3,903$3,378$2,915$2,508$2,152$1,345
15 years$3,605$3,086$2,631$2,236$1,895$1,137
16 years$3,345$2,831$2,386$2,002$1,675$964
17 years$3,115$2,608$2,171$1,799$1,485$819
18 years$2,912$2,409$1,982$1,621$1,320$698
19 years$2,730$2,233$1,814$1,465$1,177$596
20 years$2,566$2,075$1,665$1,327$1,051$509
21 years$2,418$1,933$1,532$1,204$941$436
22 years$2,284$1,804$1,412$1,095$843$373
23 years$2,161$1,687$1,303$997$757$320
24 years$2,049$1,581$1,205$909$680$274
25 years$1,947$1,484$1,116$831$612$236
26 years$1,852$1,394$1,035$759$551$202
27 years$1,764$1,312$961$695$497$174
28 years$1,683$1,237$894$637$449$150
29 years$1,607$1,167$832$584$405$129
30 years$1,537$1,102$775$536$366$111
31 years$1,471$1,042$722$492$331$95
32 years$1,410$985$674$452$299$82
33 years$1,352$933$629$416$271$71
34 years$1,298$885$588$383$245$61
35 years$1,247$839$550$352$222$52
36 years$1,199$796$514$325$201$45
37 years$1,154$756$481$299$182$39
38 years$1,111$719$451$276$165$34
39 years$1,071$683$422$254$150$29
40 years$1,032$650$396$234$136$25
41 years$996$619$371$216$123$21
42 years$961$590$348$200$112$18
43 years$928$562$327$184$102$16
44 years$897$535$307$170$92$14
45 years$867$511$288$157$84$12
46 years$839$487$270$145$76$10
47 years$812$465$254$134$69$9
48 years$786$444$239$124$63$8
49 years$761$424$224$114$57$7
50 years$737$405$211$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $755,000, adding $5,064 every year, while hoping to spend $37,735 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: 56/36/8 Blend
54$755,000$755,000$755,000$755,000
55$837,234$797,219$785,516$882,277
56$882,482$796,132$771,681$912,160
57$931,080$793,729$756,118$940,055
58$983,331$789,902$738,729$969,518
59$1,039,567$784,543$719,412$1,000,705
60$1,100,150$777,533$698,059$1,033,787
61$1,165,480$768,747$674,560$1,068,954
62$1,235,998$758,055$648,796$1,106,418
63$1,312,185$745,314$620,646$1,146,414
64$1,394,572$730,379$589,982$1,189,203
65$1,483,741$713,090$556,669$1,235,074
66$1,580,334$693,283$520,569$1,284,348
67$1,685,055$670,780$481,534$1,337,381
68$1,798,678$645,396$439,413$1,394,569
69$1,922,056$616,933$394,046$1,456,351
70$2,056,125$585,183$345,267$1,523,211
71$2,201,918$549,925$292,901$1,595,689
72$2,360,567$510,925$236,767$1,674,381
73$2,533,321$467,936$176,675$1,759,950
74$2,721,554$420,699$112,427$1,853,127
75$2,926,776$368,936$43,817$1,954,724
76$3,150,650$312,358$0$2,065,641
77$3,395,008$250,655$0$2,189,381
78$3,661,865$183,503$0$2,328,692
79$3,953,440$110,559$0$2,481,069
80$4,272,173$31,459$0$2,647,881
81$4,620,756$0$0$2,830,644
82$5,002,147$0$0$3,052,494
83$5,419,608$0$0$3,309,033
84$5,876,728$0$0$3,590,012
85$6,377,460$0$0$3,897,870
86$6,926,159$0$0$4,235,293
87$7,527,617$0$0$4,605,237
88$8,187,117$0$0$5,010,961
89$8,910,473$0$0$5,456,052
90$9,704,093$0$0$5,944,463
91$10,575,031$0$0$6,480,547
92$11,531,060$0$0$7,069,098
93$12,580,742$0$0$7,715,398
94$13,733,506$0$0$8,425,267
95$14,999,743$0$0$9,205,113
96$16,390,897$0$0$10,061,999
97$17,919,576$0$0$11,003,703
98$19,599,669$0$0$12,038,795
99$21,446,479$0$0$13,176,717
100$23,476,865$0$0$14,427,871