Can I retire at age 55 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$60,200$59,664$59,141$58,630$58,131$55,913
2 years$29,802$29,247$28,709$28,188$27,682$25,473
3 years$19,671$19,113$18,577$18,060$17,562$15,433
4 years$14,606$14,050$13,519$13,011$12,526$10,491
5 years$11,568$11,016$10,491$9,994$9,522$7,588
6 years$9,543$8,995$8,479$7,992$7,534$5,702
7 years$8,098$7,554$7,046$6,571$6,127$4,396
8 years$7,014$6,475$5,975$5,512$5,083$3,452
9 years$6,171$5,638$5,147$4,695$4,281$2,747
10 years$5,498$4,969$4,487$4,047$3,647$2,208
11 years$4,947$4,424$3,950$3,522$3,137$1,788
12 years$4,488$3,971$3,506$3,090$2,718$1,458
13 years$4,101$3,588$3,132$2,728$2,371$1,194
14 years$3,769$3,262$2,814$2,421$2,078$981
15 years$3,481$2,980$2,541$2,159$1,830$809
16 years$3,230$2,734$2,304$1,933$1,617$669
17 years$3,008$2,518$2,096$1,737$1,434$554
18 years$2,811$2,326$1,914$1,566$1,275$460
19 years$2,636$2,156$1,752$1,415$1,136$382
20 years$2,478$2,004$1,608$1,281$1,015$318
21 years$2,335$1,866$1,479$1,163$908$265
22 years$2,205$1,742$1,363$1,057$814$221
23 years$2,087$1,629$1,258$963$731$184
24 years$1,979$1,527$1,164$878$657$154
25 years$1,879$1,433$1,078$802$591$128
26 years$1,788$1,346$1,000$733$532$107
27 years$1,703$1,267$928$671$480$90
28 years$1,625$1,194$863$615$433$75
29 years$1,552$1,126$803$564$391$63
30 years$1,484$1,064$748$518$353$52
31 years$1,421$1,006$697$475$320$44
32 years$1,361$952$651$437$289$37
33 years$1,306$901$608$402$262$31
34 years$1,253$854$568$370$237$26
35 years$1,204$810$531$340$214$21
36 years$1,158$769$496$313$194$18
37 years$1,114$730$465$289$176$15
38 years$1,073$694$435$266$160$13
39 years$1,034$660$408$245$145$10
40 years$997$628$382$226$131$9
41 years$962$598$358$209$119$7
42 years$928$569$336$193$108$6
43 years$896$542$315$178$98$5
44 years$866$517$296$164$89$4
45 years$837$493$278$152$81$4
46 years$810$470$261$140$73$3
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$2
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $729,000, adding $6,048 every year, while hoping to spend $54,480 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: 53/29/18 Blend
54$729,000$729,000$729,000$729,000
55$809,597$770,960$759,660$848,243
56$834,209$750,770$727,142$855,197
57$859,506$727,766$691,709$856,518
58$885,500$701,751$653,206$856,763
59$912,203$672,518$611,470$855,846
60$939,625$639,849$566,332$853,676
61$967,777$603,512$517,614$850,155
62$996,668$563,262$465,132$845,180
63$1,026,307$518,841$408,693$838,642
64$1,056,701$469,974$348,095$830,423
65$1,087,855$416,373$283,126$820,401
66$1,119,772$357,731$213,567$808,442
67$1,152,455$293,726$139,188$794,408
68$1,185,903$224,017$59,748$778,151
69$1,220,114$148,243$0$759,511
70$1,255,082$66,023$0$743,130
71$1,290,798$0$0$736,580
72$1,327,249$0$0$735,591
73$1,364,419$0$0$756,053
74$1,402,287$0$0$776,884
75$1,440,826$0$0$798,066
76$1,480,005$0$0$819,579
77$1,519,785$0$0$841,401
78$1,560,120$0$0$863,503
79$1,600,957$0$0$885,851
80$1,642,233$0$0$908,409
81$1,683,875$0$0$931,132
82$1,725,800$0$0$953,969
83$1,767,912$0$0$976,864
84$1,810,101$0$0$999,750
85$1,852,241$0$0$1,022,553
86$1,894,192$0$0$1,045,188
87$1,935,792$0$0$1,067,559
88$1,976,859$0$0$1,089,558
89$2,017,189$0$0$1,111,064
90$2,056,551$0$0$1,131,941
91$2,094,687$0$0$1,152,034
92$2,131,307$0$0$1,171,174
93$2,166,085$0$0$1,189,167
94$2,198,658$0$0$1,205,798
95$2,228,620$0$0$1,220,830
96$2,255,517$0$0$1,233,994
97$2,278,845$0$0$1,244,993
98$2,298,040$0$0$1,253,495
99$2,312,475$0$0$1,259,132
100$2,321,454$0$0$1,261,495