Can I retire at age 55 with 758,000?

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 $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%11.1%
1 years$62,595$62,037$61,493$60,962$60,444$60,164
2 years$30,988$30,410$29,851$29,309$28,783$28,500
3 years$20,453$19,874$19,316$18,778$18,261$17,985
4 years$15,187$14,609$14,057$13,529$13,024$12,756
5 years$12,028$11,454$10,909$10,391$9,901$9,641
6 years$9,923$9,353$8,816$8,310$7,834$7,584
7 years$8,420$7,855$7,326$6,832$6,371$6,131
8 years$7,293$6,733$6,213$5,731$5,285$5,055
9 years$6,417$5,862$5,351$4,882$4,451$4,230
10 years$5,717$5,167$4,665$4,208$3,793$3,581
11 years$5,144$4,600$4,107$3,662$3,262$3,059
12 years$4,667$4,129$3,645$3,212$2,827$2,633
13 years$4,264$3,731$3,257$2,836$2,465$2,280
14 years$3,919$3,392$2,926$2,518$2,161$1,985
15 years$3,620$3,098$2,642$2,245$1,902$1,735
16 years$3,358$2,843$2,395$2,010$1,681$1,522
17 years$3,128$2,618$2,180$1,806$1,491$1,339
18 years$2,923$2,419$1,990$1,628$1,326$1,182
19 years$2,741$2,242$1,821$1,471$1,181$1,045
20 years$2,576$2,083$1,672$1,332$1,055$926
21 years$2,428$1,941$1,538$1,209$944$822
22 years$2,293$1,811$1,417$1,099$847$731
23 years$2,170$1,694$1,308$1,001$760$651
24 years$2,058$1,587$1,210$913$683$580
25 years$1,954$1,490$1,121$834$615$518
26 years$1,859$1,400$1,040$762$554$463
27 years$1,771$1,318$965$698$499$413
28 years$1,689$1,242$897$639$450$370
29 years$1,614$1,171$835$586$407$331
30 years$1,543$1,106$778$538$367$297
31 years$1,477$1,046$725$494$332$266
32 years$1,415$989$677$454$301$238
33 years$1,357$937$632$418$272$214
34 years$1,303$888$590$384$246$192
35 years$1,252$842$552$354$223$172
36 years$1,204$799$516$326$202$154
37 years$1,158$759$483$300$183$139
38 years$1,115$722$452$277$166$125
39 years$1,075$686$424$255$151$112
40 years$1,036$653$397$235$137$101
41 years$1,000$621$373$217$124$90
42 years$965$592$349$200$112$81
43 years$932$564$328$185$102$73
44 years$901$538$308$171$93$66
45 years$871$513$289$158$84$59
46 years$842$489$271$146$76$53
47 years$815$467$255$135$69$48
48 years$789$445$240$124$63$43
49 years$764$425$225$115$57$39
50 years$740$406$212$106$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $758,000, adding $4,455 every year, while hoping to spend $35,580 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: 80/12/8 Blend
54$758,000$758,000$758,000$758,000
55$839,911$799,737$787,988$905,873
56$887,725$801,068$776,529$951,074
57$939,224$801,271$763,493$995,530
58$994,746$800,253$748,791$1,043,245
59$1,054,661$797,918$732,327$1,094,526
60$1,119,380$794,159$714,003$1,149,712
61$1,189,350$788,866$693,716$1,209,175
62$1,265,064$781,920$671,356$1,273,327
63$1,347,065$773,199$646,810$1,342,621
64$1,435,948$762,568$619,961$1,417,556
65$1,532,369$749,888$590,684$1,498,682
66$1,637,048$735,010$558,849$1,586,605
67$1,750,779$717,777$524,323$1,681,992
68$1,874,432$698,023$486,962$1,785,581
69$2,008,969$675,570$446,619$1,898,182
70$2,155,443$650,233$403,140$2,020,690
71$2,315,017$621,813$356,364$2,154,092
72$2,488,968$590,101$306,122$2,299,473
73$2,678,704$554,878$252,238$2,458,031
74$2,885,773$515,907$194,529$2,631,088
75$3,111,878$472,943$132,803$2,820,099
76$3,358,897$425,725$66,859$3,026,668
77$3,628,894$373,975$0$3,252,565
78$3,924,144$317,402$0$3,500,040
79$4,247,150$255,698$0$3,777,052
80$4,600,669$188,537$0$4,080,278
81$4,987,736$115,575$0$4,412,351
82$5,411,695$36,448$0$4,776,173
83$5,876,227$0$0$5,174,939
84$6,385,387$0$0$5,618,675
85$6,943,638$0$0$6,110,494
86$7,555,900$0$0$6,649,917
87$8,227,590$0$0$7,241,720
88$8,964,672$0$0$7,891,163
89$9,773,720$0$0$8,604,038
90$10,661,972$0$0$9,386,729
91$11,637,403$0$0$10,246,263
92$12,708,798$0$0$11,190,386
93$13,885,832$0$0$12,227,629
94$15,179,167$0$0$13,367,388
95$16,600,547$0$0$14,620,018
96$18,162,911$0$0$15,996,924
97$19,880,512$0$0$17,510,674
98$21,769,056$0$0$19,175,110
99$23,845,845$0$0$21,005,488
100$26,129,940$0$0$23,018,611