Can I retire at age 55 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$59,044$58,518$58,005$57,504$57,015$55,212
2 years$29,230$28,685$28,158$27,646$27,150$25,350
3 years$19,293$18,746$18,220$17,713$17,225$15,484
4 years$14,325$13,780$13,259$12,761$12,285$10,617
5 years$11,346$10,804$10,290$9,802$9,339$7,748
6 years$9,360$8,822$8,316$7,839$7,390$5,877
7 years$7,942$7,409$6,910$6,445$6,010$4,576
8 years$6,879$6,351$5,861$5,406$4,986$3,629
9 years$6,053$5,530$5,048$4,605$4,199$2,918
10 years$5,392$4,874$4,401$3,969$3,577$2,371
11 years$4,852$4,339$3,874$3,455$3,077$1,942
12 years$4,402$3,895$3,438$3,030$2,666$1,600
13 years$4,022$3,519$3,072$2,675$2,325$1,326
14 years$3,696$3,199$2,760$2,375$2,038$1,103
15 years$3,414$2,922$2,492$2,118$1,794$921
16 years$3,168$2,681$2,259$1,896$1,586$771
17 years$2,950$2,469$2,056$1,704$1,406$647
18 years$2,757$2,282$1,877$1,535$1,250$544
19 years$2,585$2,115$1,718$1,387$1,114$458
20 years$2,430$1,965$1,577$1,257$995$386
21 years$2,290$1,830$1,450$1,140$891$326
22 years$2,163$1,709$1,337$1,037$799$275
23 years$2,047$1,598$1,234$944$717$232
24 years$1,941$1,497$1,141$861$644$197
25 years$1,843$1,405$1,057$787$580$166
26 years$1,754$1,321$981$719$522$141
27 years$1,671$1,243$911$658$471$119
28 years$1,594$1,171$846$603$425$101
29 years$1,522$1,105$788$553$384$86
30 years$1,455$1,043$734$508$347$73
31 years$1,393$986$684$466$313$62
32 years$1,335$933$638$428$283$52
33 years$1,280$884$596$394$257$44
34 years$1,229$838$557$363$232$38
35 years$1,181$795$521$334$210$32
36 years$1,136$754$487$307$191$27
37 years$1,093$716$456$283$173$23
38 years$1,052$681$427$261$157$19
39 years$1,014$647$400$241$142$17
40 years$978$616$375$222$129$14
41 years$943$586$351$205$117$12
42 years$910$558$330$189$106$10
43 years$879$532$309$174$96$9
44 years$850$507$290$161$87$7
45 years$821$484$273$149$79$6
46 years$794$461$256$137$72$5
47 years$769$440$241$127$65$4
48 years$744$420$226$117$59$4
49 years$721$401$213$108$54$3
50 years$698$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $715,000, adding $4,023 every year, while hoping to spend $30,667 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: 46/31/23 Blend
54$715,000$715,000$715,000$715,000
55$792,080$754,185$743,102$823,124
56$840,242$758,510$735,367$849,674
57$892,290$762,020$726,344$875,126
58$948,586$764,642$715,959$902,122
59$1,009,531$766,298$704,133$930,820
60$1,075,564$766,907$690,782$961,397
61$1,147,168$766,383$675,821$994,049
62$1,224,877$764,633$659,158$1,028,994
63$1,309,273$761,559$640,698$1,066,476
64$1,401,001$757,057$620,344$1,106,761
65$1,500,768$751,018$597,990$1,150,149
66$1,609,352$743,324$573,529$1,196,971
67$1,727,610$733,851$546,846$1,247,593
68$1,856,485$722,468$517,824$1,302,423
69$1,997,014$709,037$486,339$1,361,912
70$2,150,338$693,409$452,260$1,426,560
71$2,317,716$675,428$415,453$1,496,922
72$2,500,528$654,930$375,777$1,573,610
73$2,700,300$631,739$333,083$1,657,306
74$2,918,707$605,670$287,218$1,748,763
75$3,157,595$576,528$238,019$1,848,814
76$3,418,997$544,105$185,320$1,958,383
77$3,705,150$508,182$128,944$2,078,491
78$4,018,520$468,528$68,709$2,210,268
79$4,361,820$424,897$4,421$2,354,966
80$4,738,039$377,030$0$2,513,968
81$5,150,469$324,655$0$2,704,555
82$5,602,735$267,481$0$2,914,851
83$6,098,830$205,204$0$3,145,693
84$6,643,152$137,500$0$3,399,205
85$7,240,546$64,029$0$3,677,733
86$7,896,347$0$0$3,983,863
87$8,616,434$0$0$4,325,763
88$9,407,281$0$0$4,725,334
89$10,276,022$0$0$5,164,348
90$11,230,514$0$0$5,646,789
91$12,279,414$0$0$6,177,043
92$13,432,259$0$0$6,759,942
93$14,699,554$0$0$7,400,812
94$16,092,876$0$0$8,105,518
95$17,624,976$0$0$8,880,523
96$19,309,906$0$0$9,732,949
97$21,163,144$0$0$10,670,640
98$23,201,747$0$0$11,702,242
99$25,444,507$0$0$12,837,277
100$27,912,127$0$0$14,086,240