Can I retire at age 55 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$59,374$58,845$58,329$57,826$57,334$56,407
2 years$29,393$28,846$28,315$27,801$27,302$26,371
3 years$19,401$18,851$18,322$17,812$17,321$16,415
4 years$14,406$13,858$13,334$12,833$12,354$11,479
5 years$11,409$10,864$10,347$9,857$9,391$8,550
6 years$9,412$8,872$8,362$7,883$7,431$6,625
7 years$7,987$7,450$6,949$6,481$6,043$5,273
8 years$6,918$6,386$5,893$5,436$5,014$4,278
9 years$6,087$5,560$5,076$4,631$4,222$3,522
10 years$5,422$4,901$4,425$3,992$3,597$2,931
11 years$4,879$4,363$3,896$3,474$3,094$2,461
12 years$4,427$3,916$3,458$3,047$2,681$2,081
13 years$4,044$3,539$3,089$2,690$2,338$1,770
14 years$3,717$3,217$2,776$2,388$2,049$1,512
15 years$3,433$2,939$2,506$2,130$1,805$1,297
16 years$3,185$2,696$2,272$1,907$1,595$1,116
17 years$2,967$2,483$2,067$1,713$1,414$963
18 years$2,773$2,295$1,887$1,544$1,257$833
19 years$2,600$2,127$1,728$1,395$1,121$722
20 years$2,444$1,976$1,586$1,264$1,001$627
21 years$2,303$1,841$1,459$1,147$896$545
22 years$2,175$1,718$1,344$1,043$803$475
23 years$2,058$1,607$1,241$950$721$414
24 years$1,952$1,506$1,148$866$648$361
25 years$1,854$1,413$1,063$791$583$315
26 years$1,763$1,328$986$723$525$275
27 years$1,680$1,250$916$662$473$241
28 years$1,602$1,178$851$607$427$210
29 years$1,531$1,111$792$556$386$184
30 years$1,464$1,049$738$510$349$161
31 years$1,401$992$688$469$315$141
32 years$1,342$939$642$431$285$124
33 years$1,288$889$599$396$258$108
34 years$1,236$842$560$365$234$95
35 years$1,188$799$523$336$212$83
36 years$1,142$758$490$309$192$73
37 years$1,099$720$458$285$174$64
38 years$1,058$684$429$262$157$56
39 years$1,020$651$402$242$143$49
40 years$983$619$377$223$130$43
41 years$948$589$353$206$118$38
42 years$915$561$332$190$107$33
43 years$884$535$311$175$97$29
44 years$854$510$292$162$88$26
45 years$826$486$274$150$80$22
46 years$799$464$258$138$72$20
47 years$773$443$242$128$66$17
48 years$748$423$227$118$60$15
49 years$725$404$214$109$54$13
50 years$702$385$201$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $719,000, adding $5,489 every year, while hoping to spend $30,059 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: 78/10/12 Blend
54$719,000$719,000$719,000$719,000
55$798,000$759,893$748,748$858,000
56$847,413$765,145$741,849$903,500
57$900,860$769,647$733,711$948,993
58$958,718$773,331$724,261$998,032
59$1,021,406$776,123$713,423$1,050,960
60$1,089,383$777,946$701,116$1,108,152
61$1,163,153$778,718$687,256$1,170,025
62$1,243,270$778,352$671,755$1,237,034
63$1,330,347$776,754$654,522$1,309,684
64$1,425,053$773,826$635,459$1,388,529
65$1,528,128$769,463$614,467$1,474,182
66$1,640,386$763,555$591,439$1,567,316
67$1,762,719$755,983$566,267$1,668,674
68$1,896,114$746,624$538,834$1,779,076
69$2,041,653$735,344$509,021$1,899,425
70$2,200,529$722,003$476,701$2,030,714
71$2,374,056$706,454$441,743$2,174,042
72$2,563,678$688,539$404,010$2,330,616
73$2,770,987$668,091$363,358$2,501,770
74$2,997,734$644,934$319,637$2,688,973
75$3,245,849$618,882$272,691$2,893,843
76$3,517,456$589,737$222,356$3,118,167
77$3,814,893$557,291$168,462$3,363,910
78$4,140,737$521,323$110,829$3,633,242
79$4,497,823$481,599$49,274$3,928,555
80$4,889,277$437,872$0$4,252,482
81$5,318,537$389,883$0$4,610,033
82$5,789,395$337,354$0$5,009,175
83$6,306,024$279,995$0$5,447,152
84$6,873,022$217,498$0$5,927,881
85$7,495,452$149,537$0$6,455,683
86$8,178,894$75,770$0$7,035,316
87$8,929,492$0$0$7,672,025
88$9,754,017$0$0$8,372,045
89$10,659,925$0$0$9,150,346
90$11,655,433$0$0$10,005,650
91$12,749,590$0$0$10,945,738
92$13,952,368$0$0$11,979,179
93$15,274,753$0$0$13,115,416
94$16,728,847$0$0$14,364,851
95$18,327,984$0$0$15,738,947
96$20,086,857$0$0$17,250,329
97$22,021,652$0$0$18,912,912
98$24,150,203$0$0$20,742,024
99$26,492,159$0$0$22,754,556
100$29,069,173$0$0$24,969,117