Can I retire at age 55 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$60,861$60,319$59,790$59,274$58,769$57,279
2 years$30,129$29,568$29,024$28,497$27,985$26,494
3 years$19,887$19,323$18,781$18,258$17,755$16,308
4 years$14,766$14,204$13,667$13,154$12,663$11,273
5 years$11,695$11,136$10,606$10,104$9,626$8,296
6 years$9,648$9,094$8,572$8,080$7,617$6,348
7 years$8,187$7,637$7,123$6,643$6,195$4,987
8 years$7,091$6,546$6,041$5,573$5,139$3,993
9 years$6,239$5,700$5,203$4,747$4,328$3,242
10 years$5,558$5,024$4,536$4,092$3,688$2,660
11 years$5,001$4,473$3,994$3,561$3,171$2,201
12 years$4,538$4,014$3,544$3,123$2,748$1,834
13 years$4,146$3,628$3,166$2,758$2,397$1,536
14 years$3,810$3,298$2,845$2,448$2,101$1,292
15 years$3,519$3,012$2,569$2,183$1,850$1,091
16 years$3,265$2,764$2,329$1,955$1,635$923
17 years$3,041$2,545$2,119$1,756$1,449$784
18 years$2,842$2,352$1,935$1,583$1,289$667
19 years$2,665$2,180$1,771$1,430$1,149$568
20 years$2,505$2,026$1,625$1,295$1,026$485
21 years$2,360$1,887$1,495$1,176$918$414
22 years$2,229$1,761$1,378$1,069$823$354
23 years$2,110$1,647$1,272$973$739$303
24 years$2,001$1,543$1,177$888$664$260
25 years$1,900$1,448$1,090$811$598$223
26 years$1,808$1,361$1,011$741$538$191
27 years$1,722$1,281$939$679$485$164
28 years$1,643$1,207$872$622$438$141
29 years$1,569$1,139$812$570$395$121
30 years$1,500$1,075$756$523$357$104
31 years$1,436$1,017$705$481$323$89
32 years$1,376$962$658$442$292$77
33 years$1,320$911$614$406$264$66
34 years$1,267$863$574$374$239$57
35 years$1,217$819$537$344$217$49
36 years$1,171$777$502$317$196$42
37 years$1,126$738$470$292$178$36
38 years$1,085$702$440$269$161$31
39 years$1,045$667$412$248$146$27
40 years$1,008$635$386$229$133$23
41 years$972$604$362$211$120$20
42 years$938$575$340$195$109$17
43 years$906$548$319$180$99$15
44 years$876$523$299$166$90$13
45 years$847$498$281$153$82$11
46 years$819$475$264$142$74$9
47 years$792$454$248$131$67$8
48 years$767$433$233$121$61$7
49 years$743$414$219$112$56$6
50 years$720$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $737,000, adding $2,618 every year, while hoping to spend $46,193 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: 75/20/5 Blend
54$737,000$737,000$737,000$737,000
55$814,874$775,813$764,390$875,522
56$848,843$764,679$740,848$904,605
57$884,727$751,451$714,969$930,288
58$922,675$735,978$686,627$957,082
59$962,847$718,100$655,687$985,079
60$1,005,417$697,646$622,012$1,014,381
61$1,050,576$674,438$585,456$1,045,101
62$1,098,534$648,284$545,868$1,077,364
63$1,149,518$618,984$503,089$1,111,309
64$1,203,779$586,325$456,952$1,147,089
65$1,261,591$550,081$407,287$1,184,875
66$1,323,253$510,014$353,910$1,224,854
67$1,389,093$465,874$296,635$1,267,236
68$1,459,472$417,392$235,263$1,312,253
69$1,534,782$364,289$169,589$1,360,160
70$1,615,458$306,267$99,398$1,411,242
71$1,701,972$243,011$24,465$1,465,813
72$1,794,846$174,191$0$1,524,222
73$1,894,649$99,456$0$1,589,816
74$2,002,010$18,436$0$1,661,647
75$2,117,616$0$0$1,738,895
76$2,242,223$0$0$1,837,341
77$2,376,660$0$0$1,947,954
78$2,521,841$0$0$2,067,431
79$2,678,768$0$0$2,196,599
80$2,848,541$0$0$2,336,369
81$3,032,372$0$0$2,487,740
82$3,231,593$0$0$2,651,812
83$3,447,666$0$0$2,829,795
84$3,682,202$0$0$3,023,019
85$3,936,971$0$0$3,232,945
86$4,213,921$0$0$3,461,184
87$4,515,194$0$0$3,709,505
88$4,843,148$0$0$3,979,857
89$5,200,377$0$0$4,274,381
90$5,589,734$0$0$4,595,438
91$6,014,362$0$0$4,945,622
92$6,477,718$0$0$5,327,790
93$6,983,608$0$0$5,745,087
94$7,536,221$0$0$6,200,976
95$8,140,169$0$0$6,699,267
96$8,800,531$0$0$7,244,155
97$9,522,897$0$0$7,840,262
98$10,313,423$0$0$8,492,673
99$11,178,886$0$0$9,206,991
100$12,126,752$0$0$9,989,383