Can I retire at age 55 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$61,109$60,564$60,033$59,515$59,009$58,007
2 years$30,252$29,688$29,142$28,613$28,099$27,094
3 years$19,967$19,402$18,857$18,333$17,827$16,848
4 years$14,826$14,262$13,723$13,208$12,715$11,770
5 years$11,743$11,182$10,650$10,145$9,665$8,758
6 years$9,687$9,131$8,607$8,113$7,648$6,779
7 years$8,220$7,668$7,152$6,670$6,220$5,389
8 years$7,120$6,573$6,066$5,595$5,160$4,368
9 years$6,265$5,723$5,224$4,766$4,345$3,591
10 years$5,581$5,044$4,555$4,108$3,703$2,985
11 years$5,022$4,491$4,010$3,575$3,184$2,503
12 years$4,556$4,031$3,559$3,136$2,759$2,114
13 years$4,163$3,643$3,179$2,769$2,406$1,795
14 years$3,826$3,311$2,857$2,458$2,109$1,532
15 years$3,534$3,025$2,579$2,192$1,857$1,312
16 years$3,278$2,775$2,338$1,963$1,641$1,128
17 years$3,054$2,556$2,128$1,763$1,455$972
18 years$2,854$2,362$1,942$1,589$1,294$839
19 years$2,675$2,189$1,778$1,436$1,153$726
20 years$2,515$2,034$1,632$1,301$1,030$630
21 years$2,370$1,894$1,501$1,180$922$547
22 years$2,238$1,768$1,383$1,073$826$475
23 years$2,119$1,654$1,277$977$742$414
24 years$2,009$1,550$1,181$891$667$360
25 years$1,908$1,454$1,094$814$600$314
26 years$1,815$1,367$1,015$744$540$274
27 years$1,729$1,286$942$681$487$239
28 years$1,649$1,212$876$624$440$209
29 years$1,575$1,143$815$572$397$182
30 years$1,506$1,080$759$525$359$159
31 years$1,442$1,021$708$483$324$139
32 years$1,382$966$661$443$293$122
33 years$1,325$915$617$408$266$107
34 years$1,272$867$576$375$240$93
35 years$1,222$822$539$345$218$82
36 years$1,175$780$504$318$197$71
37 years$1,131$741$472$293$179$63
38 years$1,089$704$442$270$162$55
39 years$1,049$670$414$249$147$48
40 years$1,012$637$388$230$133$42
41 years$976$607$364$212$121$37
42 years$942$578$341$196$110$32
43 years$910$551$320$181$100$28
44 years$879$525$301$167$90$25
45 years$850$500$282$154$82$22
46 years$822$477$265$142$75$19
47 years$796$456$249$131$68$17
48 years$770$435$234$121$61$15
49 years$746$415$220$112$56$13
50 years$722$397$207$104$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $740,000, adding $6,729 every year, while hoping to spend $35,045 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: 62/30/8 Blend
54$740,000$740,000$740,000$740,000
55$822,421$783,201$771,731$871,631
56$869,020$784,290$760,296$906,433
57$919,198$784,258$747,304$939,727
58$973,283$783,013$732,665$975,175
59$1,031,634$780,457$716,286$1,012,985
60$1,094,648$776,487$698,069$1,053,387
61$1,162,760$770,993$677,912$1,096,636
62$1,236,448$763,858$655,708$1,143,012
63$1,316,237$754,958$631,346$1,192,826
64$1,402,705$744,163$604,708$1,246,422
65$1,496,488$731,334$575,672$1,304,182
66$1,598,283$716,323$544,111$1,366,524
67$1,708,861$698,975$509,892$1,433,916
68$1,829,065$679,125$472,873$1,506,870
69$1,959,826$656,599$432,911$1,585,955
70$2,102,166$631,210$389,851$1,671,799
71$2,257,212$602,765$343,536$1,765,098
72$2,426,202$571,055$293,800$1,866,618
73$2,610,501$535,862$240,467$1,977,209
74$2,811,607$496,955$183,359$2,097,808
75$3,031,174$454,089$122,284$2,229,451
76$3,271,019$407,005$57,046$2,373,282
77$3,533,145$355,429$0$2,530,567
78$3,819,754$299,074$0$2,703,775
79$4,133,274$237,633$0$2,898,645
80$4,476,376$170,785$0$3,112,023
81$4,852,002$98,189$0$3,345,815
82$5,263,391$19,486$0$3,602,119
83$5,714,111$0$0$3,883,254
84$6,208,091$0$0$4,213,469
85$6,749,658$0$0$4,582,602
86$7,343,577$0$0$4,987,477
87$7,995,098$0$0$5,431,679
88$8,710,002$0$0$5,919,157
89$9,494,658$0$0$6,454,262
90$10,356,080$0$0$7,041,784
91$11,301,995$0$0$7,687,003
92$12,340,916$0$0$8,395,734
93$13,482,220$0$0$9,174,382
94$14,736,236$0$0$10,030,004
95$16,114,345$0$0$10,970,375
96$17,629,085$0$0$12,004,058
97$19,294,266$0$0$13,140,490
98$21,125,107$0$0$14,390,067
99$23,138,373$0$0$15,764,242
100$25,352,535$0$0$17,275,634