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%19.3%
1 years$62,595$62,037$61,493$60,962$60,444$58,184
2 years$30,988$30,410$29,851$29,309$28,783$26,532
3 years$20,453$19,874$19,316$18,778$18,261$16,090
4 years$15,187$14,609$14,057$13,529$13,024$10,949
5 years$12,028$11,454$10,909$10,391$9,901$7,927
6 years$9,923$9,353$8,816$8,310$7,834$5,964
7 years$8,420$7,855$7,326$6,832$6,371$4,603
8 years$7,293$6,733$6,213$5,731$5,285$3,619
9 years$6,417$5,862$5,351$4,882$4,451$2,883
10 years$5,717$5,167$4,665$4,208$3,793$2,320
11 years$5,144$4,600$4,107$3,662$3,262$1,882
12 years$4,667$4,129$3,645$3,212$2,827$1,536
13 years$4,264$3,731$3,257$2,836$2,465$1,260
14 years$3,919$3,392$2,926$2,518$2,161$1,037
15 years$3,620$3,098$2,642$2,245$1,902$856
16 years$3,358$2,843$2,395$2,010$1,681$709
17 years$3,128$2,618$2,180$1,806$1,491$588
18 years$2,923$2,419$1,990$1,628$1,326$489
19 years$2,741$2,242$1,821$1,471$1,181$407
20 years$2,576$2,083$1,672$1,332$1,055$339
21 years$2,428$1,941$1,538$1,209$944$283
22 years$2,293$1,811$1,417$1,099$847$236
23 years$2,170$1,694$1,308$1,001$760$197
24 years$2,058$1,587$1,210$913$683$165
25 years$1,954$1,490$1,121$834$615$138
26 years$1,859$1,400$1,040$762$554$115
27 years$1,771$1,318$965$698$499$97
28 years$1,689$1,242$897$639$450$81
29 years$1,614$1,171$835$586$407$68
30 years$1,543$1,106$778$538$367$57
31 years$1,477$1,046$725$494$332$47
32 years$1,415$989$677$454$301$40
33 years$1,357$937$632$418$272$33
34 years$1,303$888$590$384$246$28
35 years$1,252$842$552$354$223$23
36 years$1,204$799$516$326$202$20
37 years$1,158$759$483$300$183$16
38 years$1,115$722$452$277$166$14
39 years$1,075$686$424$255$151$12
40 years$1,036$653$397$235$137$10
41 years$1,000$621$373$217$124$8
42 years$965$592$349$200$112$7
43 years$932$564$328$185$102$6
44 years$901$538$308$171$93$5
45 years$871$513$289$158$84$4
46 years$842$489$271$146$76$3
47 years$815$467$255$135$69$3
48 years$789$445$240$124$63$2
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $758,000, adding $2,251 every year, while hoping to spend $31,602 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: 50/25/25 Blend
54$758,000$758,000$758,000$758,000
55$837,638$797,464$785,715$873,516
56$889,453$802,915$778,412$904,184
57$945,493$807,575$769,805$934,136
58$1,006,158$811,370$759,818$966,055
59$1,071,883$814,224$748,369$1,000,141
60$1,143,150$816,056$735,374$1,036,615
61$1,220,486$816,778$720,745$1,075,723
62$1,304,475$816,299$704,388$1,117,737
63$1,395,754$814,521$686,208$1,162,960
64$1,495,028$811,339$666,103$1,211,725
65$1,603,071$806,644$643,967$1,264,403
66$1,720,733$800,319$619,689$1,321,404
67$1,848,953$792,240$593,154$1,383,182
68$1,988,761$782,275$564,240$1,450,239
69$2,141,294$770,285$532,821$1,523,132
70$2,307,799$756,122$498,764$1,602,476
71$2,489,653$739,631$461,930$1,688,953
72$2,688,369$720,644$422,177$1,783,316
73$2,905,615$698,988$379,352$1,886,399
74$3,143,226$674,476$333,298$1,999,123
75$3,403,221$646,912$283,850$2,122,509
76$3,687,827$616,088$230,836$2,257,682
77$3,999,493$581,784$174,077$2,405,890
78$4,340,918$543,768$113,385$2,568,510
79$4,715,073$501,794$48,564$2,747,063
80$5,125,229$455,601$0$2,943,233
81$5,574,992$404,915$0$3,164,375
82$6,068,332$349,446$0$3,421,229
83$6,609,619$288,886$0$3,703,153
84$7,203,671$222,912$0$4,012,717
85$7,855,792$151,182$0$4,352,753
86$8,571,826$73,333$0$4,726,386
87$9,358,209$0$0$5,137,061
88$10,222,034$0$0$5,591,611
89$11,171,111$0$0$6,113,269
90$12,214,047$0$0$6,686,603
91$13,360,321$0$0$7,316,836
92$14,620,380$0$0$8,009,720
93$16,005,730$0$0$8,771,595
94$17,529,049$0$0$9,609,446
95$19,204,304$0$0$10,530,966
96$21,046,885$0$0$11,544,634
97$23,073,748$0$0$12,659,791
98$25,303,572$0$0$13,886,728
99$27,756,943$0$0$15,236,786
100$30,456,538$0$0$16,722,458