Can I retire at age 55 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$62,925$62,365$61,818$61,284$60,763$59,536
2 years$31,151$30,571$30,009$29,464$28,935$27,704
3 years$20,561$19,978$19,418$18,878$18,357$17,161
4 years$15,267$14,686$14,131$13,600$13,093$11,940
5 years$12,092$11,514$10,966$10,446$9,953$8,848
6 years$9,975$9,402$8,862$8,354$7,875$6,818
7 years$8,464$7,896$7,365$6,868$6,405$5,396
8 years$7,331$6,768$6,246$5,762$5,313$4,353
9 years$6,451$5,893$5,380$4,908$4,475$3,562
10 years$5,747$5,194$4,690$4,230$3,813$2,947
11 years$5,171$4,624$4,129$3,682$3,279$2,459
12 years$4,692$4,151$3,664$3,229$2,841$2,066
13 years$4,286$3,751$3,274$2,851$2,478$1,745
14 years$3,939$3,409$2,942$2,531$2,172$1,481
15 years$3,639$3,115$2,656$2,257$1,912$1,262
16 years$3,376$2,858$2,408$2,021$1,690$1,078
17 years$3,144$2,632$2,191$1,816$1,499$924
18 years$2,939$2,432$2,000$1,636$1,333$793
19 years$2,755$2,254$1,831$1,479$1,188$682
20 years$2,590$2,094$1,680$1,339$1,061$588
21 years$2,441$1,951$1,546$1,215$949$507
22 years$2,305$1,821$1,425$1,105$851$438
23 years$2,181$1,703$1,315$1,006$764$379
24 years$2,068$1,596$1,217$918$687$328
25 years$1,965$1,497$1,127$838$618$284
26 years$1,869$1,407$1,045$766$557$246
27 years$1,780$1,325$970$702$502$214
28 years$1,698$1,248$902$643$453$185
29 years$1,622$1,177$839$589$409$161
30 years$1,551$1,112$782$541$369$140
31 years$1,485$1,051$729$497$334$121
32 years$1,423$995$680$457$302$105
33 years$1,365$942$635$420$273$92
34 years$1,310$893$593$386$248$80
35 years$1,259$847$555$356$224$69
36 years$1,210$804$519$328$203$60
37 years$1,165$763$486$302$184$52
38 years$1,121$725$455$278$167$46
39 years$1,080$690$426$256$151$40
40 years$1,042$656$399$237$137$34
41 years$1,005$625$375$218$125$30
42 years$970$595$351$201$113$26
43 years$937$567$330$186$103$23
44 years$905$540$309$172$93$20
45 years$875$515$291$159$85$17
46 years$847$492$273$146$77$15
47 years$819$469$256$135$70$13
48 years$793$448$241$125$63$11
49 years$768$428$226$116$57$10
50 years$744$409$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $762,000, adding $4,819 every year, while hoping to spend $21,668 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: 72/12/16 Blend
54$762,000$762,000$762,000$762,000
55$844,695$804,309$792,498$902,088
56$907,799$820,665$795,992$957,167
57$976,614$837,097$798,877$1,014,374
58$1,051,698$853,585$801,109$1,076,458
59$1,133,669$870,108$802,644$1,143,895
60$1,223,204$886,644$803,433$1,217,215
61$1,321,049$903,168$803,426$1,296,998
62$1,428,026$919,653$802,571$1,383,884
63$1,545,040$936,071$800,813$1,478,577
64$1,673,087$952,392$798,093$1,581,856
65$1,813,265$968,582$794,352$1,694,577
66$1,966,780$984,605$789,525$1,817,682
67$2,134,964$1,000,422$783,546$1,952,212
68$2,319,281$1,015,994$776,345$2,099,312
69$2,521,344$1,031,274$767,850$2,260,246
70$2,742,931$1,046,217$757,983$2,436,403
71$2,985,999$1,060,770$746,664$2,629,318
72$3,252,704$1,074,881$733,810$2,840,681
73$3,545,420$1,088,490$719,333$3,072,353
74$3,866,762$1,101,535$703,140$3,326,388
75$4,219,612$1,113,951$685,135$3,605,046
76$4,607,144$1,125,666$665,218$3,910,821
77$5,032,853$1,136,604$643,284$4,246,460
78$5,500,592$1,146,685$619,222$4,614,991
79$6,014,603$1,155,824$592,917$5,019,751
80$6,579,562$1,163,928$564,249$5,464,417
81$7,200,617$1,170,901$533,091$5,953,042
82$7,883,444$1,176,639$499,313$6,490,094
83$8,634,292$1,181,031$462,777$7,080,496
84$9,460,049$1,183,961$423,339$7,729,674
85$10,368,302$1,185,303$380,850$8,443,608
86$11,367,412$1,184,926$335,151$9,228,889
87$12,466,590$1,182,690$286,081$10,092,781
88$13,675,985$1,178,444$233,467$11,043,289
89$15,006,779$1,172,031$177,132$12,089,237
90$16,471,293$1,163,283$116,888$13,240,349
91$18,083,102$1,152,022$52,541$14,507,342
92$19,857,166$1,138,058$0$15,902,027
93$21,809,967$1,121,193$0$17,440,176
94$23,959,665$1,101,213$0$19,143,133
95$26,326,273$1,077,894$0$21,017,768
96$28,931,840$1,050,998$0$23,081,548
97$31,800,664$1,020,273$0$25,353,717
98$34,959,519$985,453$0$27,855,487
99$38,437,904$946,255$0$30,610,227
100$42,268,330$902,381$0$33,643,695