Can I retire at age 55 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$61,191$60,646$60,114$59,595$59,088$58,398
2 years$30,293$29,728$29,182$28,652$28,137$27,443
3 years$19,994$19,428$18,882$18,357$17,851$17,174
4 years$14,846$14,282$13,742$13,225$12,732$12,077
5 years$11,758$11,197$10,664$10,158$9,679$9,048
6 years$9,700$9,143$8,618$8,124$7,658$7,052
7 years$8,231$7,678$7,162$6,679$6,228$5,647
8 years$7,129$6,582$6,074$5,603$5,167$4,611
9 years$6,273$5,731$5,231$4,772$4,351$3,821
10 years$5,588$5,051$4,561$4,114$3,708$3,201
11 years$5,029$4,497$4,015$3,580$3,189$2,707
12 years$4,562$4,036$3,563$3,140$2,763$2,305
13 years$4,168$3,647$3,184$2,772$2,410$1,974
14 years$3,831$3,315$2,861$2,461$2,112$1,699
15 years$3,538$3,029$2,583$2,195$1,860$1,468
16 years$3,283$2,779$2,342$1,965$1,644$1,273
17 years$3,058$2,559$2,131$1,766$1,457$1,108
18 years$2,858$2,365$1,945$1,591$1,296$966
19 years$2,679$2,192$1,781$1,438$1,155$844
20 years$2,518$2,037$1,634$1,302$1,032$738
21 years$2,373$1,897$1,503$1,182$923$647
22 years$2,242$1,771$1,385$1,075$828$568
23 years$2,121$1,656$1,279$979$743$500
24 years$2,011$1,552$1,183$893$668$440
25 years$1,910$1,456$1,096$815$601$387
26 years$1,817$1,369$1,016$745$541$341
27 years$1,731$1,288$944$682$488$301
28 years$1,652$1,214$877$625$440$266
29 years$1,577$1,145$816$573$398$234
30 years$1,508$1,081$760$526$359$207
31 years$1,444$1,022$709$483$325$183
32 years$1,384$967$661$444$294$162
33 years$1,327$916$618$408$266$143
34 years$1,274$868$577$376$241$127
35 years$1,224$823$539$346$218$112
36 years$1,177$782$505$319$198$99
37 years$1,132$742$472$293$179$88
38 years$1,090$705$442$270$162$78
39 years$1,051$671$414$249$147$69
40 years$1,013$638$388$230$134$61
41 years$977$608$364$212$121$54
42 years$943$579$342$196$110$48
43 years$911$551$321$181$100$42
44 years$880$525$301$167$91$38
45 years$851$501$283$154$82$33
46 years$823$478$265$142$75$29
47 years$797$456$249$132$68$26
48 years$771$435$234$122$62$23
49 years$747$416$220$112$56$20
50 years$723$397$207$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $741,000, adding $6,348 every year, while hoping to spend $58,119 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: 31/44/25 Blend
54$741,000$741,000$741,000$741,000
55$823,130$783,857$772,371$842,153
56$845,251$760,428$736,408$833,814
57$867,681$733,903$697,291$819,246
58$890,389$704,069$654,855$802,393
59$913,340$670,700$608,925$783,092
60$936,495$633,559$559,318$761,174
61$959,807$592,392$505,845$736,456
62$983,222$546,934$448,305$708,747
63$1,006,679$496,902$386,491$677,841
64$1,030,108$441,998$320,187$643,521
65$1,053,430$381,907$249,164$605,556
66$1,076,557$316,297$173,188$563,701
67$1,099,386$244,816$92,010$517,697
68$1,121,803$167,092$5,373$467,264
69$1,143,682$82,734$0$412,111
70$1,164,876$0$0$375,153
71$1,185,226$0$0$340,067
72$1,204,549$0$0$344,626
73$1,222,644$0$0$348,702
74$1,239,284$0$0$352,213
75$1,254,217$0$0$355,074
76$1,267,162$0$0$357,184
77$1,277,806$0$0$358,436
78$1,285,799$0$0$358,706
79$1,290,753$0$0$357,862
80$1,292,238$0$0$355,752
81$1,289,774$0$0$352,210
82$1,282,829$0$0$347,053
83$1,270,812$0$0$340,075
84$1,253,070$0$0$331,051
85$1,228,876$0$0$319,730
86$1,197,425$0$0$305,833
87$1,157,828$0$0$289,054
88$1,109,097$0$0$269,053
89$1,050,141$0$0$245,452
90$979,751$0$0$217,837
91$896,589$0$0$185,746
92$799,177$0$0$148,671
93$685,880$0$0$106,049
94$554,890$0$0$57,260
95$404,209$0$0$1,617
96$231,629$0$0$0
97$34,712$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0