Can I retire at age 55 with 762,000?

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 $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%19.3%
1 years$62,925$62,365$61,818$61,284$60,763$58,491
2 years$31,151$30,571$30,009$29,464$28,935$26,672
3 years$20,561$19,978$19,418$18,878$18,357$16,174
4 years$15,267$14,686$14,131$13,600$13,093$11,007
5 years$12,092$11,514$10,966$10,446$9,953$7,969
6 years$9,975$9,402$8,862$8,354$7,875$5,995
7 years$8,464$7,896$7,365$6,868$6,405$4,628
8 years$7,331$6,768$6,246$5,762$5,313$3,638
9 years$6,451$5,893$5,380$4,908$4,475$2,898
10 years$5,747$5,194$4,690$4,230$3,813$2,332
11 years$5,171$4,624$4,129$3,682$3,279$1,892
12 years$4,692$4,151$3,664$3,229$2,841$1,544
13 years$4,286$3,751$3,274$2,851$2,478$1,266
14 years$3,939$3,409$2,942$2,531$2,172$1,042
15 years$3,639$3,115$2,656$2,257$1,912$861
16 years$3,376$2,858$2,408$2,021$1,690$713
17 years$3,144$2,632$2,191$1,816$1,499$591
18 years$2,939$2,432$2,000$1,636$1,333$492
19 years$2,755$2,254$1,831$1,479$1,188$409
20 years$2,590$2,094$1,680$1,339$1,061$341
21 years$2,441$1,951$1,546$1,215$949$284
22 years$2,305$1,821$1,425$1,105$851$237
23 years$2,181$1,703$1,315$1,006$764$198
24 years$2,068$1,596$1,217$918$687$166
25 years$1,965$1,497$1,127$838$618$139
26 years$1,869$1,407$1,045$766$557$116
27 years$1,780$1,325$970$702$502$97
28 years$1,698$1,248$902$643$453$81
29 years$1,622$1,177$839$589$409$68
30 years$1,551$1,112$782$541$369$57
31 years$1,485$1,051$729$497$334$48
32 years$1,423$995$680$457$302$40
33 years$1,365$942$635$420$273$33
34 years$1,310$893$593$386$248$28
35 years$1,259$847$555$356$224$24
36 years$1,210$804$519$328$203$20
37 years$1,165$763$486$302$184$17
38 years$1,121$725$455$278$167$14
39 years$1,080$690$426$256$151$12
40 years$1,042$656$399$237$137$10
41 years$1,005$625$375$218$125$8
42 years$970$595$351$201$113$7
43 years$937$567$330$186$103$6
44 years$905$540$309$172$93$5
45 years$875$515$291$159$85$4
46 years$847$492$273$146$77$3
47 years$819$469$256$135$70$3
48 years$793$448$241$125$63$2
49 years$768$428$226$116$57$2
50 years$744$409$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $762,000, adding $6,472 every year, while hoping to spend $42,253 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: 86/7/7 Blend
54$762,000$762,000$762,000$762,000
55$846,400$806,014$794,203$918,168
56$887,776$800,552$775,852$960,480
57$931,956$793,406$755,470$1,000,483
58$979,182$784,449$732,944$1,043,089
59$1,029,718$773,546$708,157$1,088,530
60$1,083,854$760,555$680,986$1,137,062
61$1,141,909$745,325$651,301$1,188,966
62$1,204,232$727,694$618,968$1,244,552
63$1,271,207$707,494$583,846$1,304,160
64$1,343,253$684,544$545,788$1,368,166
65$1,420,833$658,655$504,640$1,436,982
66$1,504,454$629,625$460,242$1,511,062
67$1,594,673$597,241$412,425$1,590,908
68$1,692,103$561,279$361,014$1,677,071
69$1,797,416$521,500$305,826$1,770,156
70$1,911,351$477,653$246,671$1,870,834
71$2,034,722$429,471$183,347$1,979,840
72$2,168,422$376,673$115,647$2,097,986
73$2,313,433$318,962$43,353$2,226,166
74$2,470,836$256,024$0$2,365,363
75$2,641,819$187,527$0$2,519,189
76$2,827,689$113,120$0$2,689,932
77$3,029,885$32,435$0$2,875,688
78$3,249,989$0$0$3,077,928
79$3,489,741$0$0$3,302,501
80$3,751,059$0$0$3,550,006
81$4,036,050$0$0$3,819,941
82$4,347,034$0$0$4,114,507
83$4,686,568$0$0$4,436,124
84$5,057,462$0$0$4,787,457
85$5,462,812$0$0$5,171,439
86$5,906,028$0$0$5,591,301
87$6,390,860$0$0$6,050,599
88$6,921,442$0$0$6,553,248
89$7,502,322$0$0$7,103,560
90$8,138,511$0$0$7,706,283
91$8,835,527$0$0$8,366,646
92$9,599,445$0$0$9,090,408
93$10,436,957$0$0$9,883,909
94$11,355,435$0$0$10,754,135
95$12,362,995$0$0$11,708,780
96$13,468,580$0$0$12,756,316
97$14,682,038$0$0$13,906,078
98$16,014,218$0$0$15,168,348
99$17,477,070$0$0$16,554,450
100$19,083,760$0$0$18,076,861