Can I retire at age 55 with 745,000?

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 $745,000?

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$61,521$60,973$60,439$59,917$59,407$57,901
2 years$30,456$29,889$29,339$28,806$28,289$26,781
3 years$20,102$19,533$18,984$18,456$17,948$16,485
4 years$14,927$14,359$13,816$13,297$12,801$11,395
5 years$11,822$11,257$10,722$10,213$9,731$8,386
6 years$9,753$9,192$8,665$8,168$7,700$6,417
7 years$8,275$7,720$7,200$6,715$6,262$5,042
8 years$7,168$6,617$6,106$5,633$5,195$4,036
9 years$6,307$5,762$5,260$4,798$4,375$3,277
10 years$5,619$5,079$4,585$4,136$3,728$2,689
11 years$5,056$4,521$4,037$3,600$3,206$2,225
12 years$4,587$4,058$3,583$3,157$2,778$1,854
13 years$4,191$3,667$3,201$2,787$2,423$1,553
14 years$3,851$3,333$2,876$2,474$2,124$1,306
15 years$3,558$3,045$2,597$2,207$1,870$1,102
16 years$3,301$2,794$2,354$1,976$1,653$933
17 years$3,074$2,573$2,142$1,775$1,465$792
18 years$2,873$2,378$1,956$1,600$1,303$674
19 years$2,694$2,203$1,790$1,446$1,161$574
20 years$2,532$2,048$1,643$1,309$1,037$490
21 years$2,386$1,907$1,511$1,188$928$419
22 years$2,254$1,780$1,393$1,080$832$358
23 years$2,133$1,665$1,286$984$747$306
24 years$2,022$1,560$1,189$897$671$263
25 years$1,921$1,464$1,102$820$604$225
26 years$1,827$1,376$1,022$749$544$193
27 years$1,741$1,295$949$686$491$166
28 years$1,660$1,220$882$628$443$142
29 years$1,586$1,151$821$576$400$122
30 years$1,516$1,087$764$529$361$105
31 years$1,452$1,028$713$486$327$90
32 years$1,391$972$665$446$295$77
33 years$1,334$921$621$411$267$67
34 years$1,281$873$580$378$242$57
35 years$1,231$828$542$348$219$49
36 years$1,183$786$507$320$199$42
37 years$1,139$746$475$295$180$36
38 years$1,096$709$445$272$163$31
39 years$1,056$674$417$251$148$27
40 years$1,019$642$391$231$134$23
41 years$983$611$366$213$122$20
42 years$948$582$343$197$110$17
43 years$916$554$322$182$100$15
44 years$885$528$303$168$91$13
45 years$856$504$284$155$83$11
46 years$828$481$267$143$75$9
47 years$801$459$251$132$68$8
48 years$775$438$236$122$62$7
49 years$751$418$221$113$56$6
50 years$727$399$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $745,000, adding $6,745 every year, while hoping to spend $57,699 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: 48/33/19 Blend
54$745,000$745,000$745,000$745,000
55$827,947$788,462$776,915$862,955
56$851,007$765,706$741,550$865,217
57$874,484$739,900$703,067$861,284
58$898,362$710,836$661,300$855,794
59$922,617$678,289$616,076$848,624
60$947,225$642,025$567,215$839,644
61$972,152$601,796$514,528$828,714
62$997,365$557,336$457,817$815,685
63$1,022,819$508,369$396,877$800,399
64$1,048,468$454,600$331,493$782,685
65$1,074,254$395,718$261,441$762,363
66$1,100,113$331,394$186,485$739,239
67$1,125,974$261,281$106,381$713,106
68$1,151,752$185,012$20,873$683,743
69$1,177,353$102,201$0$650,915
70$1,202,672$12,438$0$628,637
71$1,227,588$0$0$607,814
72$1,251,967$0$0$614,743
73$1,275,655$0$0$625,777
74$1,298,484$0$0$636,309
75$1,320,261$0$0$646,236
76$1,340,773$0$0$655,444
77$1,359,782$0$0$663,806
78$1,377,021$0$0$671,177
79$1,392,192$0$0$677,400
80$1,404,964$0$0$682,297
81$1,414,969$0$0$685,671
82$1,421,794$0$0$687,304
83$1,424,984$0$0$686,951
84$1,424,033$0$0$684,343
85$1,418,375$0$0$679,180
86$1,407,387$0$0$671,128
87$1,390,375$0$0$659,820
88$1,366,569$0$0$644,845
89$1,335,119$0$0$625,752
90$1,295,079$0$0$602,037
91$1,245,403$0$0$573,146
92$1,184,935$0$0$538,464
93$1,112,394$0$0$497,310
94$1,026,360$0$0$448,932
95$925,267$0$0$392,498
96$807,380$0$0$327,087
97$670,783$0$0$251,683
98$513,356$0$0$165,162
99$332,757$0$0$66,281
100$126,399$0$0$0