Can I retire at age 55 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$59,292$58,764$58,248$57,745$57,254$56,144
2 years$29,352$28,806$28,276$27,762$27,264$26,150
3 years$19,374$18,825$18,296$17,788$17,297$16,214
4 years$14,386$13,838$13,315$12,815$12,337$11,293
5 years$11,393$10,849$10,333$9,843$9,378$8,377
6 years$9,399$8,859$8,351$7,872$7,421$6,463
7 years$7,975$7,440$6,939$6,472$6,035$5,120
8 years$6,908$6,377$5,885$5,429$5,007$4,135
9 years$6,078$5,553$5,069$4,624$4,216$3,388
10 years$5,415$4,894$4,419$3,986$3,592$2,806
11 years$4,872$4,357$3,891$3,469$3,090$2,344
12 years$4,421$3,911$3,453$3,043$2,677$1,972
13 years$4,039$3,534$3,085$2,686$2,335$1,668
14 years$3,712$3,213$2,772$2,385$2,047$1,418
15 years$3,429$2,935$2,503$2,127$1,802$1,209
16 years$3,181$2,693$2,269$1,904$1,593$1,035
17 years$2,963$2,480$2,065$1,711$1,412$888
18 years$2,769$2,291$1,885$1,542$1,256$764
19 years$2,596$2,124$1,725$1,393$1,119$658
20 years$2,440$1,973$1,583$1,262$1,000$568
21 years$2,300$1,838$1,456$1,145$895$491
22 years$2,172$1,716$1,342$1,041$802$425
23 years$2,056$1,605$1,239$948$720$368
24 years$1,949$1,504$1,146$865$647$319
25 years$1,851$1,411$1,062$790$582$277
26 years$1,761$1,326$985$722$524$240
27 years$1,678$1,248$914$661$473$209
28 years$1,600$1,176$850$606$427$181
29 years$1,528$1,109$791$555$385$158
30 years$1,462$1,048$737$510$348$137
31 years$1,399$990$687$468$315$119
32 years$1,341$937$641$430$285$104
33 years$1,286$888$598$396$258$90
34 years$1,234$841$559$364$233$79
35 years$1,186$798$523$335$211$68
36 years$1,140$757$489$309$191$60
37 years$1,097$719$458$284$173$52
38 years$1,057$684$429$262$157$45
39 years$1,018$650$402$242$143$39
40 years$982$618$376$223$129$34
41 years$947$589$353$206$117$30
42 years$914$561$331$190$106$26
43 years$883$534$311$175$97$23
44 years$853$509$292$162$88$20
45 years$825$486$274$149$80$17
46 years$798$463$257$138$72$15
47 years$772$442$242$128$66$13
48 years$747$422$227$118$60$11
49 years$724$403$213$109$54$10
50 years$701$385$201$101$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $718,000, adding $6,853 every year, while hoping to spend $57,628 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: 71/10/19 Blend
54$718,000$718,000$718,000$718,000
55$798,305$760,251$749,122$850,870
56$818,416$736,187$712,902$862,691
57$838,647$709,013$673,537$868,102
58$858,950$678,516$630,861$872,575
59$879,268$644,468$584,700$876,008
60$899,540$606,633$534,873$878,293
61$919,692$564,757$481,191$879,309
62$939,644$518,574$423,454$878,927
63$959,305$467,801$361,457$877,005
64$978,572$412,141$294,983$873,388
65$997,328$351,278$223,808$867,910
66$1,015,444$284,880$147,694$860,387
67$1,032,775$212,594$66,397$850,620
68$1,049,156$134,049$0$838,393
69$1,064,406$48,854$0$827,597
70$1,078,321$0$0$828,481
71$1,090,673$0$0$832,121
72$1,101,210$0$0$839,696
73$1,109,650$0$0$845,609
74$1,115,678$0$0$849,613
75$1,118,945$0$0$851,435
76$1,119,064$0$0$850,771
77$1,115,603$0$0$847,282
78$1,108,085$0$0$840,594
79$1,095,979$0$0$830,290
80$1,078,697$0$0$815,910
81$1,055,585$0$0$796,943
82$1,025,923$0$0$772,822
83$988,909$0$0$742,920
84$943,657$0$0$706,544
85$889,187$0$0$662,924
86$824,414$0$0$611,210
87$748,136$0$0$550,463
88$659,026$0$0$479,643
89$555,616$0$0$397,599
90$436,283$0$0$303,062
91$299,235$0$0$194,626
92$142,488$0$0$70,740
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0