Can I retire at age 55 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,678$62,119$61,575$61,043$60,524$59,867
2 years$31,028$30,451$29,891$29,348$28,821$28,159
3 years$20,480$19,900$19,341$18,803$18,285$17,640
4 years$15,207$14,628$14,075$13,547$13,041$12,417
5 years$12,044$11,469$10,923$10,405$9,914$9,312
6 years$9,936$9,365$8,827$8,321$7,844$7,266
7 years$8,431$7,865$7,336$6,841$6,380$5,825
8 years$7,303$6,742$6,221$5,739$5,292$4,762
9 years$6,425$5,870$5,358$4,888$4,457$3,950
10 years$5,724$5,174$4,672$4,214$3,798$3,314
11 years$5,151$4,606$4,113$3,667$3,266$2,805
12 years$4,673$4,134$3,650$3,217$2,830$2,392
13 years$4,269$3,736$3,261$2,840$2,468$2,051
14 years$3,924$3,396$2,930$2,521$2,163$1,768
15 years$3,624$3,102$2,645$2,248$1,905$1,530
16 years$3,363$2,846$2,398$2,013$1,684$1,329
17 years$3,132$2,621$2,182$1,809$1,493$1,157
18 years$2,927$2,422$1,992$1,630$1,327$1,010
19 years$2,744$2,245$1,824$1,473$1,183$884
20 years$2,580$2,086$1,674$1,334$1,057$775
21 years$2,431$1,943$1,540$1,211$946$680
22 years$2,296$1,814$1,419$1,101$848$598
23 years$2,173$1,696$1,310$1,002$761$527
24 years$2,060$1,589$1,212$914$684$464
25 years$1,957$1,492$1,122$835$615$409
26 years$1,861$1,402$1,041$763$554$361
27 years$1,773$1,319$967$699$500$319
28 years$1,692$1,243$899$640$451$282
29 years$1,616$1,173$836$587$407$250
30 years$1,545$1,108$779$539$368$221
31 years$1,479$1,047$726$495$333$195
32 years$1,417$991$677$455$301$173
33 years$1,359$938$633$418$272$153
34 years$1,305$889$591$385$247$136
35 years$1,254$843$553$354$223$120
36 years$1,205$801$517$326$202$107
37 years$1,160$760$484$301$183$95
38 years$1,117$723$453$277$166$84
39 years$1,076$687$424$255$151$74
40 years$1,038$654$398$236$137$66
41 years$1,001$622$373$217$124$59
42 years$966$593$350$201$113$52
43 years$933$565$328$185$102$46
44 years$902$538$308$171$93$41
45 years$872$513$289$158$84$36
46 years$843$490$272$146$76$32
47 years$816$467$255$135$69$29
48 years$790$446$240$125$63$25
49 years$765$426$226$115$57$23
50 years$741$407$212$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $759,000, adding $3,601 every year, while hoping to spend $36,654 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: 55/35/10 Blend
54$759,000$759,000$759,000$759,000
55$840,132$799,905$788,141$884,059
56$886,826$800,101$775,544$914,402
57$937,055$799,078$761,297$943,092
58$991,139$796,738$745,305$973,457
59$1,049,433$792,976$727,470$1,005,665
60$1,112,324$787,681$707,690$1,039,898
61$1,180,240$780,736$685,856$1,076,362
62$1,253,649$772,016$661,856$1,115,283
63$1,333,065$761,389$635,573$1,156,913
64$1,419,056$748,715$606,883$1,201,530
65$1,512,243$733,846$575,657$1,249,445
66$1,613,311$716,624$541,761$1,301,001
67$1,723,013$696,882$505,054$1,356,578
68$1,842,177$674,446$465,390$1,416,599
69$1,971,713$649,128$422,614$1,481,531
70$2,112,623$620,731$376,568$1,551,892
71$2,266,010$589,046$327,082$1,628,258
72$2,433,086$553,852$273,982$1,711,263
73$2,615,186$514,915$217,085$1,801,612
74$2,813,778$471,990$156,201$1,900,086
75$3,030,480$424,814$91,131$2,007,548
76$3,267,072$373,112$21,666$2,124,954
77$3,525,511$316,593$0$2,253,362
78$3,807,955$254,948$0$2,399,541
79$4,116,777$187,851$0$2,562,019
80$4,454,593$114,960$0$2,739,940
81$4,824,279$35,911$0$2,934,915
82$5,229,006$0$0$3,148,725
83$5,672,264$0$0$3,402,468
84$6,157,896$0$0$3,695,692
85$6,690,135$0$0$4,017,129
86$7,273,642$0$0$4,369,603
87$7,913,552$0$0$4,756,225
88$8,615,520$0$0$5,180,423
89$9,385,774$0$0$5,645,968
90$10,231,176$0$0$6,157,020
91$11,159,282$0$0$6,718,156
92$12,178,418$0$0$7,334,421
93$13,297,753$0$0$8,011,372
94$14,527,391$0$0$8,755,131
95$15,878,459$0$0$9,572,441
96$17,363,219$0$0$10,470,732
97$18,995,176$0$0$11,458,189
98$20,789,212$0$0$12,543,828
99$22,761,720$0$0$13,737,585
100$24,930,763$0$0$15,050,405