Can I retire at age 55 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$62,430$61,874$61,331$60,802$60,285$58,285
2 years$30,906$30,330$29,772$29,232$28,707$26,712
3 years$20,399$19,821$19,265$18,729$18,213$16,285
4 years$15,147$14,571$14,020$13,493$12,990$11,143
5 years$11,996$11,424$10,880$10,364$9,874$8,115
6 years$9,897$9,328$8,793$8,288$7,813$6,142
7 years$8,398$7,834$7,307$6,814$6,354$4,771
8 years$7,274$6,715$6,197$5,716$5,272$3,775
9 years$6,400$5,847$5,337$4,869$4,439$3,028
10 years$5,701$5,154$4,653$4,197$3,783$2,454
11 years$5,130$4,588$4,096$3,653$3,253$2,004
12 years$4,655$4,118$3,636$3,204$2,819$1,648
13 years$4,253$3,721$3,248$2,829$2,458$1,362
14 years$3,908$3,383$2,918$2,511$2,155$1,130
15 years$3,610$3,090$2,635$2,239$1,897$940
16 years$3,349$2,835$2,389$2,005$1,677$785
17 years$3,120$2,611$2,174$1,802$1,487$656
18 years$2,916$2,413$1,984$1,624$1,322$550
19 years$2,733$2,236$1,817$1,467$1,178$462
20 years$2,569$2,078$1,667$1,329$1,053$388
21 years$2,421$1,935$1,534$1,206$942$326
22 years$2,287$1,807$1,413$1,096$844$275
23 years$2,164$1,690$1,305$998$758$232
24 years$2,052$1,583$1,207$911$681$195
25 years$1,949$1,486$1,118$832$613$165
26 years$1,854$1,396$1,037$760$552$139
27 years$1,766$1,314$963$696$498$117
28 years$1,685$1,238$895$638$449$99
29 years$1,609$1,168$833$585$406$84
30 years$1,539$1,103$776$537$366$71
31 years$1,473$1,043$723$493$331$60
32 years$1,412$987$675$453$300$51
33 years$1,354$935$630$417$271$43
34 years$1,300$886$589$383$246$36
35 years$1,249$840$550$353$222$31
36 years$1,201$797$515$325$202$26
37 years$1,155$757$482$299$183$22
38 years$1,113$720$451$276$166$18
39 years$1,072$684$423$254$150$16
40 years$1,034$651$396$235$136$13
41 years$997$620$372$217$124$11
42 years$962$590$349$200$112$9
43 years$930$562$327$184$102$8
44 years$898$536$307$170$92$7
45 years$868$511$288$157$84$6
46 years$840$488$271$145$76$5
47 years$813$465$254$134$69$4
48 years$787$444$239$124$63$3
49 years$762$424$225$115$57$3
50 years$738$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $756,000, adding $2,163 every year, while hoping to spend $20,451 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: 49/33/18 Blend
54$756,000$756,000$756,000$756,000
55$835,343$795,275$783,557$871,973
56$898,788$812,484$788,047$914,756
57$968,020$829,850$792,001$958,937
58$1,043,606$847,361$795,381$1,006,493
59$1,126,172$865,000$798,145$1,057,750
60$1,216,408$882,752$800,249$1,113,066
61$1,315,072$900,597$801,647$1,172,836
62$1,422,999$918,516$802,293$1,237,496
63$1,541,109$936,487$802,134$1,307,524
64$1,670,415$954,488$801,118$1,383,451
65$1,812,031$972,492$799,190$1,465,858
66$1,967,187$990,472$796,290$1,555,389
67$2,137,233$1,008,399$792,360$1,652,752
68$2,323,660$1,026,240$787,333$1,758,730
69$2,528,108$1,043,960$781,144$1,874,182
70$2,752,385$1,061,523$773,721$2,000,060
71$2,998,479$1,078,889$764,991$2,137,410
72$3,268,583$1,096,014$754,878$2,287,386
73$3,565,112$1,112,852$743,300$2,451,263
74$3,890,726$1,129,355$730,173$2,630,442
75$4,248,354$1,145,468$715,409$2,826,472
76$4,641,226$1,161,134$698,914$3,041,058
77$5,072,895$1,176,294$680,592$3,276,083
78$5,547,280$1,190,882$660,341$3,533,619
79$6,068,696$1,204,829$638,056$3,815,953
80$6,641,898$1,218,061$613,626$4,125,607
81$7,272,123$1,230,498$586,934$4,465,360
82$7,965,144$1,242,056$557,860$4,838,277
83$8,727,317$1,252,645$526,277$5,247,736
84$9,565,648$1,262,169$492,052$5,697,463
85$10,487,855$1,270,527$455,047$6,191,564
86$11,502,443$1,277,610$415,118$6,734,566
87$12,618,781$1,283,301$372,113$7,331,462
88$13,847,193$1,287,479$325,875$7,987,753
89$15,199,053$1,290,012$276,238$8,709,507
90$16,686,896$1,290,762$223,032$9,503,412
91$18,324,531$1,289,581$166,075$10,376,840
92$20,127,175$1,286,313$105,181$11,337,919
93$22,111,596$1,280,791$40,153$12,395,609
94$24,296,268$1,272,839$0$13,559,787
95$26,701,550$1,262,270$0$14,846,959
96$29,349,873$1,248,886$0$16,272,106
97$32,265,954$1,232,476$0$17,840,781
98$35,477,032$1,212,818$0$19,567,615
99$39,013,118$1,189,674$0$21,468,732
100$42,907,283$1,162,796$0$23,561,903