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%18.8%
1 years$59,787$59,255$58,735$58,228$57,733$55,684
2 years$29,598$29,046$28,512$27,994$27,492$25,450
3 years$19,536$18,982$18,449$17,936$17,442$15,471
4 years$14,506$13,954$13,426$12,922$12,440$10,554
5 years$11,489$10,940$10,419$9,925$9,456$7,662
6 years$9,478$8,933$8,420$7,937$7,483$5,780
7 years$8,042$7,502$6,997$6,526$6,085$4,474
8 years$6,966$6,431$5,934$5,474$5,048$3,528
9 years$6,129$5,599$5,111$4,663$4,251$2,819
10 years$5,460$4,935$4,456$4,019$3,622$2,276
11 years$4,913$4,394$3,923$3,498$3,115$1,852
12 years$4,458$3,944$3,482$3,068$2,700$1,517
13 years$4,073$3,564$3,111$2,709$2,354$1,248
14 years$3,743$3,239$2,795$2,405$2,064$1,031
15 years$3,457$2,959$2,523$2,145$1,817$855
16 years$3,208$2,715$2,288$1,920$1,606$710
17 years$2,988$2,500$2,082$1,725$1,424$591
18 years$2,792$2,311$1,900$1,555$1,266$493
19 years$2,618$2,141$1,740$1,405$1,128$412
20 years$2,461$1,990$1,597$1,272$1,008$345
21 years$2,319$1,853$1,469$1,155$902$289
22 years$2,190$1,730$1,354$1,050$809$242
23 years$2,073$1,618$1,250$956$726$203
24 years$1,965$1,516$1,156$872$652$170
25 years$1,867$1,423$1,071$796$587$143
26 years$1,776$1,337$993$728$529$120
27 years$1,692$1,258$922$667$477$101
28 years$1,614$1,186$857$611$430$85
29 years$1,541$1,119$798$560$388$71
30 years$1,474$1,057$743$514$351$60
31 years$1,411$999$693$472$317$50
32 years$1,352$945$646$434$287$42
33 years$1,297$895$603$399$260$36
34 years$1,245$848$564$367$235$30
35 years$1,196$805$527$338$213$25
36 years$1,150$764$493$311$193$21
37 years$1,106$725$462$287$175$18
38 years$1,065$689$432$264$159$15
39 years$1,027$655$405$244$144$13
40 years$990$624$380$225$130$11
41 years$955$594$356$207$118$9
42 years$922$565$334$191$107$8
43 years$890$539$313$177$97$6
44 years$860$513$294$163$88$5
45 years$832$490$276$151$80$5
46 years$804$467$259$139$73$4
47 years$778$446$244$129$66$3
48 years$753$425$229$119$60$3
49 years$730$406$215$110$55$2
50 years$707$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $724,000, adding $4,155 every year, while hoping to spend $43,754 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: 34/50/16 Blend
54$724,000$724,000$724,000$724,000
55$802,134$763,762$752,540$825,300
56$837,398$754,632$731,196$833,476
57$874,792$743,589$707,671$837,899
58$914,488$730,492$681,845$841,730
59$956,672$715,193$653,593$844,940
60$1,001,550$697,534$622,786$847,503
61$1,049,345$677,351$589,286$849,392
62$1,100,303$654,465$552,952$850,584
63$1,154,692$628,693$513,634$851,057
64$1,212,807$599,835$471,177$850,793
65$1,274,970$567,684$425,419$849,775
66$1,341,536$532,018$376,189$847,994
67$1,412,891$492,606$323,310$845,442
68$1,489,462$449,200$266,596$842,120
69$1,571,715$401,539$205,856$838,034
70$1,660,164$349,348$140,885$833,198
71$1,755,370$292,336$71,475$827,636
72$1,857,953$230,195$0$821,381
73$1,968,590$162,601$0$814,923
74$2,088,028$89,210$0$820,930
75$2,217,085$9,660$0$827,303
76$2,356,663$0$0$834,179
77$2,507,752$0$0$883,769
78$2,671,438$0$0$943,340
79$2,848,919$0$0$1,008,024
80$3,041,511$0$0$1,078,313
81$3,250,660$0$0$1,154,747
82$3,477,958$0$0$1,237,920
83$3,725,156$0$0$1,328,486
84$3,994,180$0$0$1,427,165
85$4,287,150$0$0$1,534,750
86$4,606,399$0$0$1,652,112
87$4,954,492$0$0$1,780,211
88$5,334,255$0$0$1,920,102
89$5,748,798$0$0$2,072,949
90$6,201,544$0$0$2,240,032
91$6,696,260$0$0$2,422,760
92$7,237,095$0$0$2,622,685
93$7,828,617$0$0$2,841,516
94$8,475,854$0$0$3,081,133
95$9,184,344$0$0$3,343,610
96$9,960,184$0$0$3,631,229
97$10,810,090$0$0$3,946,501
98$11,741,456$0$0$4,292,194
99$12,762,426$0$0$4,671,358
100$13,881,971$0$0$5,087,349