Can I retire at age 55 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,613$60,073$59,546$59,032$58,530$57,208
2 years$30,006$29,448$28,906$28,381$27,872$26,547
3 years$19,806$19,244$18,704$18,184$17,683$16,397
4 years$14,706$14,147$13,612$13,100$12,612$11,374
5 years$11,647$11,091$10,563$10,062$9,587$8,401
6 years$9,609$9,057$8,537$8,047$7,586$6,453
7 years$8,153$7,606$7,094$6,616$6,169$5,090
8 years$7,062$6,520$6,016$5,550$5,118$4,092
9 years$6,214$5,676$5,182$4,727$4,310$3,336
10 years$5,536$5,004$4,518$4,075$3,672$2,750
11 years$4,981$4,454$3,977$3,546$3,158$2,285
12 years$4,519$3,998$3,530$3,111$2,737$1,913
13 years$4,129$3,613$3,154$2,746$2,387$1,609
14 years$3,794$3,284$2,834$2,438$2,092$1,360
15 years$3,505$3,000$2,558$2,174$1,842$1,154
16 years$3,252$2,753$2,319$1,947$1,628$982
17 years$3,029$2,535$2,111$1,749$1,444$838
18 years$2,831$2,342$1,927$1,576$1,284$716
19 years$2,654$2,171$1,764$1,424$1,144$613
20 years$2,495$2,017$1,619$1,290$1,022$526
21 years$2,351$1,879$1,489$1,171$914$452
22 years$2,220$1,754$1,372$1,064$820$389
23 years$2,101$1,641$1,267$969$736$335
24 years$1,992$1,537$1,172$884$661$288
25 years$1,892$1,442$1,085$807$595$248
26 years$1,800$1,356$1,007$738$536$214
27 years$1,715$1,276$935$676$483$185
28 years$1,636$1,202$869$619$436$160
29 years$1,563$1,134$809$568$394$138
30 years$1,494$1,071$753$521$356$119
31 years$1,430$1,013$702$479$322$103
32 years$1,370$958$655$440$291$89
33 years$1,314$907$612$404$263$77
34 years$1,262$860$572$372$238$67
35 years$1,212$816$534$343$216$58
36 years$1,166$774$500$316$196$50
37 years$1,122$735$468$291$177$43
38 years$1,080$699$438$268$161$37
39 years$1,041$664$410$247$146$32
40 years$1,003$632$385$228$132$28
41 years$968$602$361$210$120$24
42 years$934$573$338$194$109$21
43 years$903$546$318$179$99$18
44 years$872$521$298$165$90$16
45 years$843$496$280$153$81$14
46 years$815$473$263$141$74$12
47 years$789$452$247$130$67$10
48 years$764$431$232$120$61$9
49 years$740$412$218$111$55$8
50 years$717$393$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $734,000, adding $5,726 every year, while hoping to spend $55,461 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: 44/37/19 Blend
54$734,000$734,000$734,000$734,000
55$814,774$775,872$764,495$845,918
56$838,871$754,880$731,096$847,399
57$863,567$731,000$694,719$843,091
58$888,865$704,033$655,206$837,264
59$914,765$673,767$612,391$829,805
60$941,267$639,977$566,102$820,593
61$968,368$602,428$516,158$809,498
62$996,062$560,867$462,370$796,385
63$1,024,343$515,032$404,541$781,107
64$1,053,198$464,641$342,466$763,511
65$1,082,614$409,399$275,929$743,433
66$1,112,574$348,992$204,705$720,698
67$1,143,055$283,091$128,561$695,123
68$1,174,030$211,346$47,252$666,511
69$1,205,467$133,388$0$634,654
70$1,237,330$48,829$0$607,340
71$1,269,573$0$0$587,068
72$1,302,145$0$0$581,456
73$1,334,986$0$0$595,807
74$1,368,028$0$0$610,206
75$1,401,191$0$0$624,613
76$1,434,386$0$0$638,983
77$1,467,511$0$0$653,264
78$1,500,449$0$0$667,398
79$1,533,069$0$0$681,321
80$1,565,223$0$0$694,958
81$1,596,744$0$0$708,226
82$1,627,444$0$0$721,033
83$1,657,112$0$0$733,274
84$1,685,512$0$0$744,832
85$1,712,379$0$0$755,577
86$1,737,417$0$0$765,364
87$1,760,295$0$0$774,029
88$1,780,646$0$0$781,393
89$1,798,058$0$0$787,252
90$1,812,072$0$0$791,383
91$1,822,181$0$0$793,536
92$1,827,817$0$0$793,434
93$1,828,351$0$0$790,768
94$1,823,083$0$0$785,197
95$1,811,238$0$0$776,342
96$1,791,953$0$0$763,782
97$1,764,275$0$0$747,051
98$1,727,144$0$0$725,632
99$1,679,387$0$0$698,953
100$1,619,706$0$0$666,381