Can I retire at age 55 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$61,356$60,810$60,277$59,756$59,248$58,508
2 years$30,374$29,809$29,260$28,729$28,213$27,468
3 years$20,048$19,480$18,933$18,407$17,900$17,173
4 years$14,886$14,320$13,779$13,261$12,766$12,064
5 years$11,790$11,227$10,693$10,186$9,705$9,029
6 years$9,727$9,168$8,641$8,146$7,679$7,030
7 years$8,253$7,699$7,181$6,697$6,245$5,623
8 years$7,149$6,600$6,090$5,618$5,181$4,586
9 years$6,290$5,746$5,245$4,785$4,363$3,795
10 years$5,603$5,065$4,573$4,125$3,718$3,176
11 years$5,042$4,509$4,026$3,590$3,197$2,682
12 years$4,575$4,047$3,573$3,149$2,771$2,281
13 years$4,179$3,657$3,192$2,780$2,416$1,951
14 years$3,841$3,324$2,868$2,468$2,118$1,677
15 years$3,548$3,037$2,590$2,201$1,865$1,448
16 years$3,292$2,786$2,348$1,971$1,648$1,254
17 years$3,066$2,566$2,136$1,771$1,461$1,089
18 years$2,865$2,371$1,950$1,596$1,299$948
19 years$2,686$2,198$1,785$1,442$1,158$827
20 years$2,525$2,042$1,639$1,306$1,034$723
21 years$2,380$1,902$1,507$1,185$926$633
22 years$2,248$1,776$1,389$1,078$830$555
23 years$2,127$1,661$1,283$981$745$487
24 years$2,017$1,556$1,186$895$669$428
25 years$1,916$1,460$1,099$817$602$376
26 years$1,822$1,372$1,019$747$543$331
27 years$1,736$1,292$946$684$489$291
28 years$1,656$1,217$880$627$441$257
29 years$1,582$1,148$819$575$399$226
30 years$1,512$1,084$762$527$360$200
31 years$1,448$1,025$711$484$326$176
32 years$1,387$970$663$445$295$155
33 years$1,331$918$619$409$267$137
34 years$1,277$870$579$377$241$121
35 years$1,227$826$541$347$219$107
36 years$1,180$784$506$319$198$95
37 years$1,136$744$474$294$180$84
38 years$1,093$707$444$271$163$74
39 years$1,054$673$416$250$148$65
40 years$1,016$640$389$231$134$58
41 years$980$609$365$213$121$51
42 years$946$580$343$196$110$45
43 years$914$553$321$181$100$40
44 years$883$527$302$167$91$35
45 years$853$502$283$155$82$31
46 years$825$479$266$143$75$28
47 years$799$457$250$132$68$24
48 years$773$437$235$122$62$22
49 years$749$417$221$113$56$19
50 years$725$398$208$104$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $743,000, adding $2,738 every year, while hoping to spend $52,002 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: 67/24/9 Blend
54$743,000$743,000$743,000$743,000
55$821,610$782,231$770,715$875,016
56$850,085$765,231$741,204$893,848
57$879,721$745,655$708,962$907,947
58$910,582$723,321$673,842$921,993
59$942,736$698,039$635,690$935,974
60$976,258$669,605$594,348$949,880
61$1,011,226$637,805$549,648$963,698
62$1,047,725$602,412$501,416$977,419
63$1,085,847$563,185$449,468$991,033
64$1,125,693$519,870$393,614$1,004,532
65$1,167,369$472,199$333,656$1,017,910
66$1,210,992$419,888$269,385$1,031,163
67$1,256,688$362,638$200,584$1,044,286
68$1,304,594$300,130$127,027$1,057,282
69$1,354,857$232,031$48,477$1,070,153
70$1,407,638$157,987$0$1,082,905
71$1,463,113$77,624$0$1,098,945
72$1,521,471$0$0$1,120,084
73$1,582,919$0$0$1,144,204
74$1,647,682$0$0$1,191,248
75$1,716,004$0$0$1,240,896
76$1,788,153$0$0$1,293,345
77$1,864,421$0$0$1,348,809
78$1,945,126$0$0$1,407,521
79$2,030,614$0$0$1,469,738
80$2,121,265$0$0$1,535,739
81$2,217,493$0$0$1,605,828
82$2,319,753$0$0$1,680,340
83$2,428,539$0$0$1,759,640
84$2,544,395$0$0$1,844,127
85$2,667,915$0$0$1,934,240
86$2,799,749$0$0$2,030,458
87$2,940,612$0$0$2,133,306
88$3,091,283$0$0$2,243,360
89$3,252,622$0$0$2,361,252
90$3,425,567$0$0$2,487,675
91$3,611,149$0$0$2,623,389
92$3,810,500$0$0$2,769,228
93$4,024,862$0$0$2,926,107
94$4,255,598$0$0$3,095,032
95$4,504,205$0$0$3,277,107
96$4,772,329$0$0$3,473,544
97$5,061,774$0$0$3,685,677
98$5,374,528$0$0$3,914,968
99$5,712,770$0$0$4,163,029
100$6,078,899$0$0$4,431,626