Can I retire at age 55 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$61,439$60,892$60,358$59,836$59,328$58,106
2 years$30,415$29,849$29,300$28,768$28,251$27,026
3 years$20,075$19,507$18,959$18,432$17,924$16,733
4 years$14,907$14,339$13,797$13,279$12,783$11,637
5 years$11,806$11,242$10,707$10,200$9,718$8,618
6 years$9,740$9,180$8,653$8,157$7,689$6,638
7 years$8,264$7,709$7,191$6,706$6,253$5,250
8 years$7,158$6,608$6,098$5,626$5,188$4,233
9 years$6,298$5,754$5,252$4,792$4,369$3,462
10 years$5,611$5,072$4,579$4,130$3,723$2,862
11 years$5,049$4,515$4,031$3,595$3,202$2,386
12 years$4,581$4,052$3,578$3,153$2,774$2,004
13 years$4,185$3,662$3,197$2,784$2,419$1,691
14 years$3,846$3,329$2,872$2,471$2,121$1,435
15 years$3,553$3,041$2,593$2,204$1,867$1,221
16 years$3,296$2,790$2,351$1,973$1,650$1,043
17 years$3,070$2,570$2,139$1,773$1,463$893
18 years$2,869$2,374$1,953$1,598$1,301$766
19 years$2,690$2,201$1,788$1,444$1,160$659
20 years$2,529$2,045$1,641$1,308$1,036$567
21 years$2,383$1,905$1,509$1,187$927$489
22 years$2,251$1,778$1,391$1,079$831$422
23 years$2,130$1,663$1,284$983$746$365
24 years$2,020$1,558$1,188$896$670$316
25 years$1,918$1,462$1,100$818$603$273
26 years$1,825$1,374$1,020$748$543$236
27 years$1,738$1,293$947$685$490$205
28 years$1,658$1,219$881$628$442$178
29 years$1,584$1,150$820$576$399$154
30 years$1,514$1,086$763$528$361$134
31 years$1,450$1,026$712$485$326$116
32 years$1,389$971$664$446$295$101
33 years$1,332$920$620$410$267$87
34 years$1,279$872$579$377$242$76
35 years$1,229$827$542$347$219$66
36 years$1,182$785$507$320$198$57
37 years$1,137$745$474$295$180$50
38 years$1,095$708$444$272$163$43
39 years$1,055$674$416$250$148$38
40 years$1,017$641$390$231$134$33
41 years$981$610$366$213$122$28
42 years$947$581$343$197$110$25
43 years$915$553$322$182$100$21
44 years$884$528$302$168$91$19
45 years$855$503$284$155$83$16
46 years$827$480$266$143$75$14
47 years$800$458$250$132$68$12
48 years$774$437$235$122$62$11
49 years$750$418$221$113$56$9
50 years$726$399$208$104$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $744,000, adding $6,531 every year, while hoping to spend $38,415 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: 36/42/22 Blend
54$744,000$744,000$744,000$744,000
55$826,625$787,193$775,661$850,686
56$870,067$784,892$760,772$866,601
57$916,653$781,191$744,097$879,744
58$966,663$775,980$725,536$893,153
59$1,020,404$769,145$704,982$906,877
60$1,078,213$760,561$682,327$920,970
61$1,140,462$750,099$657,456$935,495
62$1,207,556$737,621$630,248$950,526
63$1,279,943$722,981$600,578$966,148
64$1,358,114$706,024$568,314$982,456
65$1,442,608$686,585$533,319$999,562
66$1,534,019$664,493$495,450$1,017,593
67$1,632,998$639,562$454,556$1,036,691
68$1,740,261$611,598$410,481$1,057,021
69$1,856,598$580,396$363,062$1,078,766
70$1,982,874$545,739$312,128$1,102,136
71$2,120,042$507,395$257,500$1,127,368
72$2,269,152$465,123$198,991$1,154,728
73$2,431,356$418,665$136,408$1,184,516
74$2,607,924$367,748$69,547$1,217,070
75$2,800,251$312,087$0$1,252,770
76$3,009,875$251,378$0$1,292,464
77$3,238,486$185,299$0$1,353,656
78$3,487,946$113,514$0$1,420,593
79$3,760,304$35,663$0$1,493,929
80$4,057,815$0$0$1,574,393
81$4,382,962$0$0$1,685,267
82$4,738,478$0$0$1,824,621
83$5,127,373$0$0$1,977,164
84$5,552,961$0$0$2,144,209
85$6,018,891$0$0$2,327,201
86$6,529,180$0$0$2,527,734
87$7,088,255$0$0$2,747,561
88$7,700,987$0$0$2,988,612
89$8,372,745$0$0$3,253,017
90$9,109,439$0$0$3,543,117
91$9,917,581$0$0$3,861,493
92$10,804,340$0$0$4,210,988
93$11,777,617$0$0$4,594,734
94$12,846,112$0$0$5,016,181
95$14,019,410$0$0$5,479,127
96$15,308,068$0$0$5,987,760
97$16,723,718$0$0$6,546,691
98$18,279,172$0$0$7,161,001
99$19,988,545$0$0$7,836,286
100$21,867,390$0$0$8,578,714