Can I retire at age 55 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$59,540$59,009$58,492$57,987$57,494$56,264
2 years$29,475$28,926$28,394$27,878$27,378$26,145
3 years$19,455$18,903$18,373$17,862$17,370$16,172
4 years$14,446$13,896$13,371$12,868$12,388$11,235
5 years$11,441$10,895$10,376$9,884$9,417$8,312
6 years$9,439$8,896$8,386$7,904$7,452$6,395
7 years$8,009$7,471$6,968$6,499$6,060$5,053
8 years$6,937$6,404$5,910$5,452$5,027$4,069
9 years$6,104$5,576$5,090$4,644$4,234$3,323
10 years$5,438$4,915$4,438$4,003$3,607$2,744
11 years$4,893$4,375$3,907$3,484$3,103$2,285
12 years$4,439$3,927$3,467$3,056$2,689$1,916
13 years$4,056$3,549$3,098$2,698$2,345$1,616
14 years$3,727$3,226$2,783$2,395$2,055$1,368
15 years$3,443$2,947$2,513$2,136$1,810$1,163
16 years$3,194$2,704$2,278$1,912$1,599$992
17 years$2,975$2,490$2,073$1,718$1,418$848
18 years$2,781$2,301$1,893$1,548$1,261$727
19 years$2,607$2,133$1,733$1,399$1,124$624
20 years$2,450$1,982$1,590$1,267$1,004$536
21 years$2,309$1,846$1,463$1,150$898$462
22 years$2,181$1,723$1,348$1,046$805$398
23 years$2,064$1,611$1,245$952$723$343
24 years$1,957$1,510$1,151$869$650$296
25 years$1,859$1,417$1,066$793$585$256
26 years$1,768$1,332$989$725$527$222
27 years$1,685$1,253$918$664$475$192
28 years$1,607$1,181$854$608$428$166
29 years$1,535$1,114$794$558$387$144
30 years$1,468$1,052$740$512$350$124
31 years$1,405$995$690$470$316$108
32 years$1,346$941$644$432$286$93
33 years$1,291$891$601$397$259$81
34 years$1,240$845$561$366$234$70
35 years$1,191$801$525$337$212$61
36 years$1,145$760$491$310$192$53
37 years$1,102$722$460$286$174$46
38 years$1,061$686$430$263$158$40
39 years$1,022$653$403$243$143$34
40 years$986$621$378$224$130$30
41 years$951$591$354$207$118$26
42 years$918$563$332$191$107$23
43 years$887$536$312$176$97$20
44 years$857$511$293$162$88$17
45 years$828$488$275$150$80$15
46 years$801$465$258$139$73$13
47 years$775$444$243$128$66$11
48 years$750$424$228$118$60$10
49 years$727$405$214$109$54$8
50 years$704$387$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $721,000, adding $2,982 every year, while hoping to spend $40,323 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: 52/34/14 Blend
54$721,000$721,000$721,000$721,000
55$797,618$759,405$748,229$835,949
56$836,072$753,712$730,392$856,794
57$877,096$746,390$710,605$874,928
58$920,911$737,314$688,761$893,742
59$967,757$726,355$664,748$913,311
60$1,017,898$713,377$638,447$933,720
61$1,071,624$698,232$609,735$955,065
62$1,129,252$680,767$578,483$977,454
63$1,191,129$660,819$544,557$1,001,010
64$1,257,639$638,214$507,814$1,025,869
65$1,329,201$612,769$468,109$1,052,186
66$1,406,276$584,291$425,287$1,080,133
67$1,489,370$552,575$379,187$1,109,904
68$1,579,038$517,404$329,642$1,141,716
69$1,675,892$478,548$276,477$1,175,812
70$1,780,602$435,766$219,508$1,212,464
71$1,893,906$388,802$158,544$1,251,976
72$2,016,615$337,384$93,387$1,294,687
73$2,149,621$281,227$23,826$1,340,976
74$2,293,904$220,028$0$1,391,266
75$2,450,541$153,469$0$1,453,557
76$2,620,720$81,212$0$1,525,134
77$2,805,744$2,902$0$1,603,053
78$3,007,048$0$0$1,688,003
79$3,226,211$0$0$1,811,365
80$3,464,971$0$0$1,947,007
81$3,725,240$0$0$2,094,936
82$4,009,121$0$0$2,256,359
83$4,318,932$0$0$2,432,600
84$4,657,221$0$0$2,625,120
85$5,026,794$0$0$2,835,526
86$5,430,743$0$0$3,065,586
87$5,872,467$0$0$3,317,249
88$6,355,712$0$0$3,592,658
89$6,884,603$0$0$3,894,177
90$7,463,679$0$0$4,224,405
91$8,097,942$0$0$4,586,207
92$8,792,898$0$0$4,982,736
93$9,554,612$0$0$5,417,467
94$10,389,764$0$0$5,894,224
95$11,305,709$0$0$6,417,222
96$12,310,551$0$0$6,991,102
97$13,413,213$0$0$7,620,977
98$14,623,528$0$0$8,312,478
99$15,952,322$0$0$9,071,807
100$17,411,525$0$0$9,905,800