Can I retire at age 55 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$62,595$62,037$61,493$60,962$60,444$59,031
2 years$30,988$30,410$29,851$29,309$28,783$27,367
3 years$20,453$19,874$19,316$18,778$18,261$16,887
4 years$15,187$14,609$14,057$13,529$13,024$11,702
5 years$12,028$11,454$10,909$10,391$9,901$8,635
6 years$9,923$9,353$8,816$8,310$7,834$6,625
7 years$8,420$7,855$7,326$6,832$6,371$5,220
8 years$7,293$6,733$6,213$5,731$5,285$4,191
9 years$6,417$5,862$5,351$4,882$4,451$3,413
10 years$5,717$5,167$4,665$4,208$3,793$2,810
11 years$5,144$4,600$4,107$3,662$3,262$2,332
12 years$4,667$4,129$3,645$3,212$2,827$1,949
13 years$4,264$3,731$3,257$2,836$2,465$1,638
14 years$3,919$3,392$2,926$2,518$2,161$1,383
15 years$3,620$3,098$2,642$2,245$1,902$1,171
16 years$3,358$2,843$2,395$2,010$1,681$995
17 years$3,128$2,618$2,180$1,806$1,491$848
18 years$2,923$2,419$1,990$1,628$1,326$724
19 years$2,741$2,242$1,821$1,471$1,181$619
20 years$2,576$2,083$1,672$1,332$1,055$530
21 years$2,428$1,941$1,538$1,209$944$455
22 years$2,293$1,811$1,417$1,099$847$390
23 years$2,170$1,694$1,308$1,001$760$336
24 years$2,058$1,587$1,210$913$683$289
25 years$1,954$1,490$1,121$834$615$248
26 years$1,859$1,400$1,040$762$554$214
27 years$1,771$1,318$965$698$499$184
28 years$1,689$1,242$897$639$450$159
29 years$1,614$1,171$835$586$407$137
30 years$1,543$1,106$778$538$367$118
31 years$1,477$1,046$725$494$332$102
32 years$1,415$989$677$454$301$88
33 years$1,357$937$632$418$272$76
34 years$1,303$888$590$384$246$66
35 years$1,252$842$552$354$223$57
36 years$1,204$799$516$326$202$49
37 years$1,158$759$483$300$183$42
38 years$1,115$722$452$277$166$36
39 years$1,075$686$424$255$151$32
40 years$1,036$653$397$235$137$27
41 years$1,000$621$373$217$124$24
42 years$965$592$349$200$112$20
43 years$932$564$328$185$102$18
44 years$901$538$308$171$93$15
45 years$871$513$289$158$84$13
46 years$842$489$271$146$76$11
47 years$815$467$255$135$69$10
48 years$789$445$240$124$63$8
49 years$764$425$225$115$57$7
50 years$740$406$212$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $758,000, adding $2,086 every year, while hoping to spend $56,772 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: 63/17/20 Blend
54$758,000$758,000$758,000$758,000
55$837,468$797,294$785,545$885,803
56$862,484$775,956$751,455$897,280
57$888,150$751,670$714,322$903,243
58$914,471$724,232$673,981$908,441
59$941,452$693,424$630,264$912,803
60$969,097$659,019$582,995$916,255
61$997,408$620,773$531,988$918,718
62$1,026,384$578,432$477,050$920,104
63$1,056,024$531,724$417,980$920,325
64$1,086,323$480,363$354,567$919,281
65$1,117,274$424,047$286,592$916,869
66$1,148,867$362,456$213,823$912,978
67$1,181,088$295,253$136,022$907,487
68$1,213,918$222,080$52,939$900,270
69$1,247,337$142,561$0$891,190
70$1,281,317$56,298$0$887,726
71$1,315,826$0$0$894,649
72$1,350,824$0$0$907,489
73$1,386,267$0$0$931,140
74$1,422,102$0$0$955,033
75$1,458,266$0$0$979,124
76$1,494,689$0$0$1,003,362
77$1,531,289$0$0$1,027,690
78$1,567,973$0$0$1,052,043
79$1,604,634$0$0$1,076,344
80$1,641,152$0$0$1,100,510
81$1,677,389$0$0$1,124,443
82$1,713,190$0$0$1,148,035
83$1,748,382$0$0$1,171,164
84$1,782,767$0$0$1,193,692
85$1,816,125$0$0$1,215,465
86$1,848,208$0$0$1,236,309
87$1,878,739$0$0$1,256,031
88$1,907,408$0$0$1,274,413
89$1,933,867$0$0$1,291,213
90$1,957,731$0$0$1,306,162
91$1,978,566$0$0$1,318,957
92$1,995,894$0$0$1,329,264
93$2,009,177$0$0$1,336,709
94$2,017,820$0$0$1,340,877
95$2,021,162$0$0$1,341,307
96$2,018,467$0$0$1,337,486
97$2,008,918$0$0$1,328,845
98$1,991,610$0$0$1,314,754
99$1,965,535$0$0$1,294,511
100$1,929,581$0$0$1,267,342