Can I retire at age 55 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$62,760$62,201$61,656$61,123$60,603$60,046
2 years$31,069$30,491$29,930$29,386$28,859$28,297
3 years$20,507$19,926$19,367$18,828$18,309$17,760
4 years$15,227$14,648$14,094$13,565$13,058$12,527
5 years$12,060$11,484$10,937$10,419$9,927$9,414
6 years$9,949$9,378$8,839$8,332$7,855$7,362
7 years$8,442$7,875$7,345$6,850$6,388$5,915
8 years$7,312$6,751$6,229$5,746$5,299$4,846
9 years$6,434$5,878$5,365$4,895$4,463$4,030
10 years$5,732$5,181$4,678$4,219$3,803$3,389
11 years$5,157$4,612$4,118$3,672$3,270$2,876
12 years$4,679$4,140$3,655$3,221$2,834$2,458
13 years$4,275$3,741$3,265$2,844$2,471$2,114
14 years$3,929$3,400$2,934$2,524$2,166$1,826
15 years$3,629$3,106$2,649$2,251$1,907$1,585
16 years$3,367$2,850$2,402$2,016$1,686$1,380
17 years$3,136$2,625$2,185$1,811$1,495$1,205
18 years$2,931$2,425$1,995$1,632$1,329$1,055
19 years$2,748$2,248$1,826$1,475$1,185$926
20 years$2,583$2,089$1,676$1,336$1,058$814
21 years$2,434$1,946$1,542$1,212$947$717
22 years$2,299$1,816$1,421$1,102$849$632
23 years$2,176$1,699$1,312$1,004$762$558
24 years$2,063$1,592$1,213$916$685$494
25 years$1,959$1,494$1,124$836$616$437
26 years$1,864$1,404$1,042$764$555$387
27 years$1,776$1,321$968$700$500$343
28 years$1,694$1,245$900$641$452$304
29 years$1,618$1,174$837$588$408$270
30 years$1,547$1,109$780$540$368$239
31 years$1,481$1,048$727$496$333$213
32 years$1,419$992$678$455$301$189
33 years$1,361$939$633$419$273$168
34 years$1,307$890$592$385$247$149
35 years$1,255$845$553$355$224$133
36 years$1,207$802$518$327$203$118
37 years$1,161$761$484$301$184$105
38 years$1,118$724$454$277$166$93
39 years$1,078$688$425$256$151$83
40 years$1,039$655$398$236$137$74
41 years$1,002$623$374$218$124$66
42 years$968$593$350$201$113$59
43 years$934$565$329$185$102$52
44 years$903$539$309$171$93$47
45 years$873$514$290$158$84$41
46 years$844$490$272$146$77$37
47 years$817$468$256$135$70$33
48 years$791$447$240$125$63$29
49 years$766$427$226$115$57$26
50 years$742$407$212$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $760,000, adding $6,848 every year, while hoping to spend $54,815 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: 46/37/17 Blend
54$760,000$760,000$760,000$760,000
55$844,584$804,304$792,524$879,054
56$872,409$785,392$760,751$884,862
57$901,234$763,716$726,076$885,099
58$931,105$739,083$688,344$884,185
59$962,068$711,289$647,394$882,036
60$994,173$680,116$603,056$878,565
61$1,027,473$645,336$555,153$873,677
62$1,062,024$606,706$503,499$867,274
63$1,097,887$563,971$447,902$859,255
64$1,135,125$516,859$388,160$849,511
65$1,173,806$465,083$324,062$837,929
66$1,214,004$408,343$255,389$824,390
67$1,255,798$346,316$181,909$808,769
68$1,299,270$278,667$103,384$790,935
69$1,344,511$205,037$19,563$770,752
70$1,391,617$125,050$0$748,077
71$1,440,692$38,307$0$735,437
72$1,491,847$0$0$724,609
73$1,545,202$0$0$734,571
74$1,600,887$0$0$761,264
75$1,659,041$0$0$789,160
76$1,719,815$0$0$818,335
77$1,783,371$0$0$848,869
78$1,849,887$0$0$880,849
79$1,919,553$0$0$914,372
80$1,992,575$0$0$949,540
81$2,069,178$0$0$986,465
82$2,149,606$0$0$1,025,268
83$2,234,123$0$0$1,066,082
84$2,323,015$0$0$1,109,051
85$2,416,597$0$0$1,154,331
86$2,515,208$0$0$1,202,092
87$2,619,219$0$0$1,252,520
88$2,729,035$0$0$1,305,819
89$2,845,095$0$0$1,362,208
90$2,967,880$0$0$1,421,929
91$3,097,917$0$0$1,485,247
92$3,235,777$0$0$1,552,449
93$3,382,088$0$0$1,623,850
94$3,537,535$0$0$1,699,796
95$3,702,868$0$0$1,780,662
96$3,878,906$0$0$1,866,863
97$4,066,548$0$0$1,958,851
98$4,266,777$0$0$2,057,120
99$4,480,672$0$0$2,162,215
100$4,709,412$0$0$2,274,730