Can I retire at age 55 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$59,787$59,255$58,735$58,228$57,733$57,225
2 years$29,598$29,046$28,512$27,994$27,492$26,980
3 years$19,536$18,982$18,449$17,936$17,442$16,942
4 years$14,506$13,954$13,426$12,922$12,440$11,956
5 years$11,489$10,940$10,419$9,925$9,456$8,990
6 years$9,478$8,933$8,420$7,937$7,483$7,034
7 years$8,042$7,502$6,997$6,526$6,085$5,655
8 years$6,966$6,431$5,934$5,474$5,048$4,636
9 years$6,129$5,599$5,111$4,663$4,251$3,857
10 years$5,460$4,935$4,456$4,019$3,622$3,245
11 years$4,913$4,394$3,923$3,498$3,115$2,756
12 years$4,458$3,944$3,482$3,068$2,700$2,357
13 years$4,073$3,564$3,111$2,709$2,354$2,028
14 years$3,743$3,239$2,795$2,405$2,064$1,754
15 years$3,457$2,959$2,523$2,145$1,817$1,523
16 years$3,208$2,715$2,288$1,920$1,606$1,327
17 years$2,988$2,500$2,082$1,725$1,424$1,160
18 years$2,792$2,311$1,900$1,555$1,266$1,016
19 years$2,618$2,141$1,740$1,405$1,128$892
20 years$2,461$1,990$1,597$1,272$1,008$785
21 years$2,319$1,853$1,469$1,155$902$692
22 years$2,190$1,730$1,354$1,050$809$611
23 years$2,073$1,618$1,250$956$726$540
24 years$1,965$1,516$1,156$872$652$477
25 years$1,867$1,423$1,071$796$587$423
26 years$1,776$1,337$993$728$529$375
27 years$1,692$1,258$922$667$477$332
28 years$1,614$1,186$857$611$430$295
29 years$1,541$1,119$798$560$388$262
30 years$1,474$1,057$743$514$351$233
31 years$1,411$999$693$472$317$207
32 years$1,352$945$646$434$287$184
33 years$1,297$895$603$399$260$164
34 years$1,245$848$564$367$235$145
35 years$1,196$805$527$338$213$129
36 years$1,150$764$493$311$193$115
37 years$1,106$725$462$287$175$103
38 years$1,065$689$432$264$159$91
39 years$1,027$655$405$244$144$81
40 years$990$624$380$225$130$73
41 years$955$594$356$207$118$65
42 years$922$565$334$191$107$58
43 years$890$539$313$177$97$51
44 years$860$513$294$163$88$46
45 years$832$490$276$151$80$41
46 years$804$467$259$139$73$36
47 years$778$446$244$129$66$32
48 years$753$425$229$119$60$29
49 years$730$406$215$110$55$26
50 years$707$388$202$101$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $724,000, adding $2,723 every year, while hoping to spend $46,885 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: 56/33/11 Blend
54$724,000$724,000$724,000$724,000
55$800,657$762,285$751,063$843,150
56$832,438$749,751$726,338$859,670
57$865,891$735,033$699,214$872,256
58$901,134$717,972$669,560$884,853
59$938,300$698,403$637,241$897,469
60$977,533$676,150$602,114$910,116
61$1,018,988$651,029$564,032$922,810
62$1,062,837$622,841$522,839$935,571
63$1,109,265$591,380$478,373$948,422
64$1,158,477$556,424$430,466$961,395
65$1,210,695$517,742$378,939$974,526
66$1,266,161$475,087$323,609$987,860
67$1,325,142$428,199$264,283$1,001,447
68$1,387,929$376,803$200,759$1,015,351
69$1,454,841$320,609$132,827$1,029,644
70$1,526,226$259,310$60,268$1,044,409
71$1,602,466$192,581$0$1,059,745
72$1,683,980$120,081$0$1,077,778
73$1,771,228$41,447$0$1,104,305
74$1,864,713$0$0$1,132,423
75$1,964,987$0$0$1,178,202
76$2,072,657$0$0$1,243,562
77$2,188,387$0$0$1,313,863
78$2,312,907$0$0$1,389,553
79$2,447,020$0$0$1,471,126
80$2,591,605$0$0$1,559,125
81$2,747,630$0$0$1,654,144
82$2,916,157$0$0$1,756,840
83$3,098,355$0$0$1,867,930
84$3,295,507$0$0$1,988,206
85$3,509,023$0$0$2,118,538
86$3,740,456$0$0$2,259,880
87$3,991,510$0$0$2,413,285
88$4,264,061$0$0$2,579,909
89$4,560,174$0$0$2,761,023
90$4,882,117$0$0$2,958,026
91$5,232,388$0$0$3,172,458
92$5,613,734$0$0$3,406,013
93$6,029,178$0$0$3,660,554
94$6,482,046$0$0$3,938,133
95$6,976,001$0$0$4,241,007
96$7,515,072$0$0$4,571,662
97$8,103,695$0$0$4,932,833
98$8,746,754$0$0$5,327,531
99$9,449,623$0$0$5,759,072
100$10,218,222$0$0$6,231,107