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%12.3%
1 years$62,925$62,365$61,818$61,284$60,763$60,178
2 years$31,151$30,571$30,009$29,464$28,935$28,346
3 years$20,561$19,978$19,418$18,878$18,357$17,783
4 years$15,267$14,686$14,131$13,600$13,093$12,536
5 years$12,092$11,514$10,966$10,446$9,953$9,416
6 years$9,975$9,402$8,862$8,354$7,875$7,360
7 years$8,464$7,896$7,365$6,868$6,405$5,910
8 years$7,331$6,768$6,246$5,762$5,313$4,839
9 years$6,451$5,893$5,380$4,908$4,475$4,021
10 years$5,747$5,194$4,690$4,230$3,813$3,380
11 years$5,171$4,624$4,129$3,682$3,279$2,866
12 years$4,692$4,151$3,664$3,229$2,841$2,448
13 years$4,286$3,751$3,274$2,851$2,478$2,104
14 years$3,939$3,409$2,942$2,531$2,172$1,817
15 years$3,639$3,115$2,656$2,257$1,912$1,576
16 years$3,376$2,858$2,408$2,021$1,690$1,371
17 years$3,144$2,632$2,191$1,816$1,499$1,197
18 years$2,939$2,432$2,000$1,636$1,333$1,047
19 years$2,755$2,254$1,831$1,479$1,188$918
20 years$2,590$2,094$1,680$1,339$1,061$807
21 years$2,441$1,951$1,546$1,215$949$710
22 years$2,305$1,821$1,425$1,105$851$625
23 years$2,181$1,703$1,315$1,006$764$552
24 years$2,068$1,596$1,217$918$687$487
25 years$1,965$1,497$1,127$838$618$431
26 years$1,869$1,407$1,045$766$557$381
27 years$1,780$1,325$970$702$502$338
28 years$1,698$1,248$902$643$453$299
29 years$1,622$1,177$839$589$409$265
30 years$1,551$1,112$782$541$369$235
31 years$1,485$1,051$729$497$334$209
32 years$1,423$995$680$457$302$185
33 years$1,365$942$635$420$273$165
34 years$1,310$893$593$386$248$146
35 years$1,259$847$555$356$224$130
36 years$1,210$804$519$328$203$115
37 years$1,165$763$486$302$184$103
38 years$1,121$725$455$278$167$91
39 years$1,080$690$426$256$151$81
40 years$1,042$656$399$237$137$72
41 years$1,005$625$375$218$125$64
42 years$970$595$351$201$113$57
43 years$937$567$330$186$103$51
44 years$905$540$309$172$93$45
45 years$875$515$291$159$85$40
46 years$847$492$273$146$77$36
47 years$819$469$256$135$70$32
48 years$793$448$241$125$63$28
49 years$768$428$226$116$57$25
50 years$744$409$213$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $762,000, adding $3,984 every year, while hoping to spend $23,716 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: 74/21/5 Blend
54$762,000$762,000$762,000$762,000
55$843,833$803,447$791,636$905,669
56$904,671$817,583$792,923$961,027
57$970,919$831,616$793,457$1,018,239
58$1,043,104$845,517$793,190$1,080,225
59$1,121,807$859,253$792,067$1,147,447
60$1,207,664$872,790$790,035$1,220,416
61$1,301,380$886,090$787,035$1,299,693
62$1,403,726$899,114$783,006$1,385,896
63$1,515,554$911,819$777,885$1,479,707
64$1,637,801$924,158$771,604$1,581,877
65$1,771,499$936,084$764,095$1,693,233
66$1,917,783$947,543$755,283$1,814,686
67$2,077,903$958,479$745,092$1,947,238
68$2,253,239$968,834$733,442$2,091,998
69$2,445,305$978,543$720,248$2,250,181
70$2,655,772$987,538$705,422$2,423,133
71$2,886,480$995,746$688,873$2,612,331
72$3,139,455$1,003,091$670,504$2,819,406
73$3,416,927$1,009,491$650,214$3,046,155
74$3,721,355$1,014,857$627,897$3,294,556
75$4,055,445$1,019,097$603,444$3,566,792
76$4,422,180$1,022,112$576,739$3,865,266
77$4,824,844$1,023,797$547,661$4,192,628
78$5,267,054$1,024,040$516,084$4,551,797
79$5,752,798$1,022,722$481,877$4,945,991
80$6,286,465$1,019,717$444,902$5,378,756
81$6,872,894$1,014,892$405,015$5,853,998
82$7,517,412$1,008,105$362,066$6,376,026
83$8,225,890$999,205$315,898$6,949,586
84$9,004,797$988,032$266,347$7,579,908
85$9,861,259$974,417$213,241$8,272,757
86$10,803,125$958,182$156,403$9,034,487
87$11,839,047$939,136$95,645$9,872,102
88$12,978,553$917,077$30,773$10,793,317
89$14,232,145$891,793$0$11,806,638
90$15,611,391$863,059$0$12,923,491
91$17,129,039$830,634$0$14,154,042
92$18,799,133$794,268$0$15,508,043
93$20,637,150$753,691$0$16,998,057
94$22,660,140$708,623$0$18,637,926
95$24,886,891$658,763$0$20,442,907
96$27,338,108$603,796$0$22,429,811
97$30,036,599$543,387$0$24,617,168
98$33,007,503$477,183$0$27,025,398
99$36,278,514$404,811$0$29,677,004
100$39,880,152$325,876$0$32,596,787