Can I retire at age 55 with 756,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$62,430$61,874$61,331$60,802$60,285$59,140
2 years$30,906$30,330$29,772$29,232$28,707$27,558
3 years$20,399$19,821$19,265$18,729$18,213$17,096
4 years$15,147$14,571$14,020$13,493$12,990$11,913
5 years$11,996$11,424$10,880$10,364$9,874$8,841
6 years$9,897$9,328$8,793$8,288$7,813$6,825
7 years$8,398$7,834$7,307$6,814$6,354$5,410
8 years$7,274$6,715$6,197$5,716$5,272$4,372
9 years$6,400$5,847$5,337$4,869$4,439$3,584
10 years$5,701$5,154$4,653$4,197$3,783$2,970
11 years$5,130$4,588$4,096$3,653$3,253$2,483
12 years$4,655$4,118$3,636$3,204$2,819$2,090
13 years$4,253$3,721$3,248$2,829$2,458$1,769
14 years$3,908$3,383$2,918$2,511$2,155$1,505
15 years$3,610$3,090$2,635$2,239$1,897$1,284
16 years$3,349$2,835$2,389$2,005$1,677$1,100
17 years$3,120$2,611$2,174$1,802$1,487$944
18 years$2,916$2,413$1,984$1,624$1,322$813
19 years$2,733$2,236$1,817$1,467$1,178$701
20 years$2,569$2,078$1,667$1,329$1,053$605
21 years$2,421$1,935$1,534$1,206$942$524
22 years$2,287$1,807$1,413$1,096$844$453
23 years$2,164$1,690$1,305$998$758$393
24 years$2,052$1,583$1,207$911$681$341
25 years$1,949$1,486$1,118$832$613$296
26 years$1,854$1,396$1,037$760$552$257
27 years$1,766$1,314$963$696$498$224
28 years$1,685$1,238$895$638$449$194
29 years$1,609$1,168$833$585$406$169
30 years$1,539$1,103$776$537$366$147
31 years$1,473$1,043$723$493$331$128
32 years$1,412$987$675$453$300$112
33 years$1,354$935$630$417$271$97
34 years$1,300$886$589$383$246$85
35 years$1,249$840$550$353$222$74
36 years$1,201$797$515$325$202$64
37 years$1,155$757$482$299$183$56
38 years$1,113$720$451$276$166$49
39 years$1,072$684$423$254$150$43
40 years$1,034$651$396$235$136$37
41 years$997$620$372$217$124$32
42 years$962$590$349$200$112$28
43 years$930$562$327$184$102$25
44 years$898$536$307$170$92$22
45 years$868$511$288$157$84$19
46 years$840$488$271$145$76$16
47 years$813$465$254$134$69$14
48 years$787$444$239$124$63$12
49 years$762$424$225$115$57$11
50 years$738$405$211$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $756,000, adding $2,863 every year, while hoping to spend $24,532 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: 61/15/24 Blend
54$756,000$756,000$756,000$756,000
55$836,065$795,997$784,279$881,573
56$895,242$808,899$784,451$925,681
57$959,633$821,611$783,806$970,869
58$1,029,743$834,098$782,291$1,019,654
59$1,106,130$846,322$779,851$1,072,389
60$1,189,406$858,242$776,426$1,129,465
61$1,280,245$869,816$771,957$1,191,313
62$1,379,389$880,996$766,377$1,258,410
63$1,487,656$891,735$759,620$1,331,280
64$1,605,945$901,977$751,615$1,410,501
65$1,735,246$911,668$742,288$1,496,713
66$1,876,648$920,747$731,562$1,590,619
67$2,031,352$929,150$719,355$1,692,995
68$2,200,679$936,807$705,582$1,804,699
69$2,386,085$943,647$690,156$1,926,675
70$2,589,171$949,592$672,982$2,059,965
71$2,811,703$954,559$653,964$2,205,718
72$3,055,625$958,460$632,999$2,365,202
73$3,323,075$961,201$609,981$2,539,815
74$3,616,413$962,684$584,800$2,731,097
75$3,938,234$962,803$557,338$2,940,751
76$4,291,399$961,445$527,473$3,170,649
77$4,679,058$958,492$495,080$3,422,860
78$5,104,681$953,817$460,024$3,699,664
79$5,572,090$947,286$422,167$4,003,574
80$6,085,498$938,757$381,364$4,337,365
81$6,649,542$928,080$337,463$4,704,092
82$7,269,334$915,094$290,307$5,107,127
83$7,950,503$899,631$239,729$5,550,186
84$8,699,251$881,510$185,557$6,037,369
85$9,522,413$860,542$127,611$6,573,195
86$10,427,515$836,525$65,702$7,162,645
87$11,422,854$809,246$0$7,811,214
88$12,517,567$778,481$0$8,525,051
89$13,721,722$743,990$0$9,328,703
90$15,046,412$705,521$0$10,212,744
91$16,503,862$662,806$0$11,185,347
92$18,107,536$615,564$0$12,255,520
93$19,872,274$563,497$0$13,433,192
94$21,814,426$506,287$0$14,729,301
95$23,952,004$443,603$0$16,155,906
96$26,304,860$375,090$0$17,726,293
97$28,894,864$300,378$0$19,455,105
98$31,746,117$219,073$0$21,358,480
99$34,885,172$130,759$0$23,454,204
100$38,341,291$34,998$0$25,761,877