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%18.3%
1 years$60,613$60,073$59,546$59,032$58,530$56,566
2 years$30,006$29,448$28,906$28,381$27,872$25,912
3 years$19,806$19,244$18,704$18,184$17,683$15,790
4 years$14,706$14,147$13,612$13,100$12,612$10,799
5 years$11,647$11,091$10,563$10,062$9,587$7,860
6 years$9,609$9,057$8,537$8,047$7,586$5,946
7 years$8,153$7,606$7,094$6,616$6,169$4,616
8 years$7,062$6,520$6,016$5,550$5,118$3,650
9 years$6,214$5,676$5,182$4,727$4,310$2,926
10 years$5,536$5,004$4,518$4,075$3,672$2,370
11 years$4,981$4,454$3,977$3,546$3,158$1,935
12 years$4,519$3,998$3,530$3,111$2,737$1,589
13 years$4,129$3,613$3,154$2,746$2,387$1,312
14 years$3,794$3,284$2,834$2,438$2,092$1,088
15 years$3,505$3,000$2,558$2,174$1,842$905
16 years$3,252$2,753$2,319$1,947$1,628$755
17 years$3,029$2,535$2,111$1,749$1,444$631
18 years$2,831$2,342$1,927$1,576$1,284$528
19 years$2,654$2,171$1,764$1,424$1,144$443
20 years$2,495$2,017$1,619$1,290$1,022$372
21 years$2,351$1,879$1,489$1,171$914$313
22 years$2,220$1,754$1,372$1,064$820$263
23 years$2,101$1,641$1,267$969$736$222
24 years$1,992$1,537$1,172$884$661$187
25 years$1,892$1,442$1,085$807$595$157
26 years$1,800$1,356$1,007$738$536$133
27 years$1,715$1,276$935$676$483$112
28 years$1,636$1,202$869$619$436$94
29 years$1,563$1,134$809$568$394$80
30 years$1,494$1,071$753$521$356$67
31 years$1,430$1,013$702$479$322$57
32 years$1,370$958$655$440$291$48
33 years$1,314$907$612$404$263$41
34 years$1,262$860$572$372$238$34
35 years$1,212$816$534$343$216$29
36 years$1,166$774$500$316$196$24
37 years$1,122$735$468$291$177$21
38 years$1,080$699$438$268$161$17
39 years$1,041$664$410$247$146$15
40 years$1,003$632$385$228$132$12
41 years$968$602$361$210$120$11
42 years$934$573$338$194$109$9
43 years$903$546$318$179$99$8
44 years$872$521$298$165$90$6
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$5
47 years$789$452$247$130$67$4
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$3
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $734,000, adding $5,099 every year, while hoping to spend $25,317 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: 59/24/17 Blend
54$734,000$734,000$734,000$734,000
55$814,128$775,226$763,849$858,296
56$870,232$786,275$762,500$899,818
57$931,210$797,016$760,259$941,841
58$997,532$807,409$757,066$987,087
59$1,069,717$817,409$752,864$1,035,869
60$1,148,333$826,967$747,590$1,088,536
61$1,234,007$836,033$741,179$1,145,470
62$1,327,430$844,552$733,562$1,207,095
63$1,429,359$852,467$724,668$1,273,877
64$1,540,631$859,715$714,422$1,346,330
65$1,662,165$866,231$702,745$1,425,022
66$1,794,974$871,944$689,555$1,510,580
67$1,940,173$876,780$674,766$1,603,694
68$2,098,988$880,660$658,289$1,705,127
69$2,272,771$883,499$640,028$1,815,719
70$2,463,010$885,207$619,885$1,936,399
71$2,671,344$885,689$597,758$2,068,189
72$2,899,577$884,843$573,539$2,212,218
73$3,149,695$882,563$547,114$2,369,731
74$3,423,889$878,732$518,367$2,542,103
75$3,724,567$873,232$487,173$2,730,847
76$4,054,384$865,932$453,405$2,937,636
77$4,416,266$856,697$416,928$3,164,313
78$4,813,431$845,381$377,602$3,412,910
79$5,249,429$831,833$335,280$3,685,671
80$5,728,167$815,889$289,808$3,985,068
81$6,253,950$797,377$241,026$4,313,829
82$6,831,520$776,116$188,768$4,674,963
83$7,466,103$751,913$132,859$5,071,786
84$8,163,452$724,564$73,117$5,507,959
85$8,929,909$693,852$9,351$5,987,516
86$9,772,458$659,550$0$6,514,905
87$10,698,796$621,415$0$7,105,682
88$11,717,402$579,192$0$7,757,112
89$12,837,616$532,612$0$8,473,501
90$14,069,730$481,388$0$9,261,469
91$15,425,085$425,218$0$10,128,313
92$16,916,173$363,783$0$11,082,076
93$18,556,761$296,747$0$12,131,622
94$20,362,016$223,752$0$13,286,723
95$22,348,649$144,424$0$14,558,151
96$24,535,075$58,364$0$15,957,776
97$26,941,582$0$0$17,498,684
98$29,590,527$0$0$19,204,503
99$32,506,542$0$0$21,099,346
100$35,716,772$0$0$23,185,446