Can I retire at age 55 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$60,778$60,237$59,709$59,193$58,690$56,428
2 years$30,088$29,528$28,985$28,458$27,947$25,696
3 years$19,860$19,297$18,755$18,233$17,731$15,560
4 years$14,746$14,185$13,649$13,136$12,646$10,573
5 years$11,679$11,121$10,592$10,090$9,613$7,643
6 years$9,635$9,081$8,560$8,069$7,607$5,740
7 years$8,175$7,627$7,113$6,634$6,186$4,423
8 years$7,081$6,537$6,033$5,565$5,132$3,471
9 years$6,231$5,692$5,196$4,740$4,322$2,760
10 years$5,551$5,017$4,530$4,086$3,683$2,217
11 years$4,995$4,467$3,988$3,556$3,167$1,795
12 years$4,532$4,009$3,539$3,119$2,745$1,462
13 years$4,140$3,623$3,162$2,754$2,393$1,196
14 years$3,805$3,293$2,841$2,444$2,098$983
15 years$3,515$3,008$2,565$2,180$1,847$810
16 years$3,261$2,760$2,326$1,952$1,633$669
17 years$3,037$2,542$2,116$1,754$1,448$554
18 years$2,838$2,349$1,932$1,581$1,287$459
19 years$2,661$2,177$1,769$1,428$1,147$382
20 years$2,501$2,023$1,623$1,293$1,025$317
21 years$2,357$1,884$1,493$1,174$917$264
22 years$2,226$1,759$1,376$1,067$822$220
23 years$2,107$1,645$1,271$972$738$183
24 years$1,998$1,541$1,175$887$663$153
25 years$1,898$1,446$1,088$810$597$127
26 years$1,805$1,359$1,009$740$538$106
27 years$1,720$1,279$937$678$485$89
28 years$1,640$1,206$871$621$437$74
29 years$1,567$1,137$811$569$395$62
30 years$1,498$1,074$755$523$357$52
31 years$1,434$1,015$704$480$323$43
32 years$1,374$961$657$441$292$36
33 years$1,318$910$613$406$264$30
34 years$1,265$862$573$373$239$25
35 years$1,216$818$536$344$217$21
36 years$1,169$776$501$316$196$18
37 years$1,125$737$469$291$178$15
38 years$1,083$701$439$269$161$12
39 years$1,044$666$412$248$146$10
40 years$1,006$634$386$228$133$9
41 years$971$603$362$211$120$7
42 years$937$575$339$195$109$6
43 years$905$548$318$180$99$5
44 years$874$522$299$166$90$4
45 years$845$498$281$153$82$4
46 years$818$475$264$141$74$3
47 years$791$453$248$131$67$2
48 years$766$433$233$121$61$2
49 years$742$413$219$112$56$2
50 years$719$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $736,000, adding $4,864 every year, while hoping to spend $58,585 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: 62/31/7 Blend
54$736,000$736,000$736,000$736,000
55$816,089$777,081$765,673$865,271
56$836,996$752,824$728,989$874,454
57$858,072$725,415$689,113$877,215
58$879,273$694,638$645,875$878,727
59$900,547$660,263$599,100$878,868
60$921,835$622,049$548,603$877,508
61$943,073$579,739$494,191$874,502
62$964,183$533,064$435,664$869,699
63$985,082$481,736$372,811$862,930
64$1,005,673$425,453$305,412$854,017
65$1,025,848$363,897$233,240$842,766
66$1,045,485$296,728$156,054$828,966
67$1,064,447$223,590$73,604$812,389
68$1,082,582$144,107$0$792,791
69$1,099,717$57,881$0$770,979
70$1,115,662$0$0$751,529
71$1,130,202$0$0$740,758
72$1,143,098$0$0$748,579
73$1,154,085$0$0$755,064
74$1,162,866$0$0$760,010
75$1,169,111$0$0$763,190
76$1,172,453$0$0$764,352
77$1,172,486$0$0$763,218
78$1,168,755$0$0$759,476
79$1,160,759$0$0$752,782
80$1,147,941$0$0$742,755
81$1,129,681$0$0$728,970
82$1,105,296$0$0$710,959
83$1,074,026$0$0$688,201
84$1,035,030$0$0$660,120
85$987,377$0$0$626,079
86$930,037$0$0$585,373
87$861,869$0$0$537,222
88$781,613$0$0$480,761
89$687,873$0$0$415,036
90$579,108$0$0$338,992
91$453,613$0$0$251,464
92$309,503$0$0$151,161
93$144,697$0$0$36,659
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0