Can I retire at age 55 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$61,604$61,055$60,520$59,997$59,487$58,915
2 years$30,497$29,929$29,379$28,845$28,327$27,751
3 years$20,129$19,559$19,010$18,481$17,972$17,409
4 years$14,947$14,378$13,834$13,315$12,818$12,273
5 years$11,838$11,272$10,736$10,227$9,744$9,219
6 years$9,766$9,205$8,676$8,179$7,710$7,205
7 years$8,286$7,730$7,210$6,724$6,270$5,786
8 years$7,177$6,626$6,115$5,641$5,202$4,738
9 years$6,315$5,769$5,267$4,805$4,381$3,937
10 years$5,626$5,085$4,592$4,142$3,733$3,309
11 years$5,062$4,527$4,042$3,604$3,210$2,806
12 years$4,593$4,063$3,587$3,162$2,782$2,397
13 years$4,196$3,672$3,205$2,791$2,426$2,060
14 years$3,857$3,338$2,880$2,478$2,126$1,779
15 years$3,562$3,049$2,600$2,210$1,872$1,543
16 years$3,305$2,798$2,357$1,979$1,655$1,342
17 years$3,078$2,576$2,145$1,778$1,467$1,172
18 years$2,877$2,381$1,958$1,602$1,305$1,025
19 years$2,697$2,206$1,793$1,448$1,163$899
20 years$2,535$2,050$1,645$1,311$1,039$790
21 years$2,389$1,910$1,513$1,190$929$695
22 years$2,257$1,783$1,395$1,082$833$612
23 years$2,136$1,667$1,288$985$748$540
24 years$2,025$1,562$1,191$899$672$477
25 years$1,923$1,466$1,103$821$605$422
26 years$1,830$1,378$1,023$750$545$373
27 years$1,743$1,297$950$687$491$331
28 years$1,663$1,222$883$629$443$293
29 years$1,588$1,153$822$577$400$260
30 years$1,519$1,089$766$530$362$230
31 years$1,454$1,029$714$486$327$204
32 years$1,393$974$666$447$296$181
33 years$1,336$922$622$411$268$161
34 years$1,283$874$581$378$242$143
35 years$1,232$829$543$348$219$127
36 years$1,185$787$508$321$199$113
37 years$1,140$747$476$295$180$100
38 years$1,098$710$445$272$163$89
39 years$1,058$675$417$251$148$79
40 years$1,020$643$391$232$134$71
41 years$984$612$367$214$122$63
42 years$950$582$344$197$111$56
43 years$917$555$323$182$100$50
44 years$886$529$303$168$91$44
45 years$857$504$284$155$83$39
46 years$829$481$267$143$75$35
47 years$802$459$251$132$68$31
48 years$776$438$236$122$62$28
49 years$752$419$222$113$56$25
50 years$728$400$208$105$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $746,000, adding $5,090 every year, while hoping to spend $31,659 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: 43/28/29 Blend
54$746,000$746,000$746,000$746,000
55$827,342$787,804$776,241$855,736
56$878,046$792,722$768,560$881,525
57$932,861$796,819$759,561$906,077
58$992,172$800,023$749,166$932,082
59$1,056,404$802,254$737,294$959,692
60$1,126,024$803,431$723,859$989,079
61$1,201,543$803,464$708,773$1,020,433
62$1,283,526$802,259$691,943$1,053,967
63$1,372,593$799,718$673,270$1,089,916
64$1,469,427$795,733$652,654$1,128,541
65$1,574,778$790,193$629,987$1,170,133
66$1,689,472$782,979$605,159$1,215,016
67$1,814,418$773,965$578,051$1,263,548
68$1,950,616$763,017$548,543$1,316,128
69$2,099,166$749,992$516,507$1,373,196
70$2,261,281$734,742$481,810$1,435,244
71$2,438,294$717,106$444,312$1,502,815
72$2,631,672$696,916$403,869$1,576,511
73$2,843,032$673,995$360,328$1,657,001
74$3,074,152$648,152$313,531$1,745,024
75$3,326,993$619,189$263,311$1,841,402
76$3,603,711$586,893$209,497$1,947,041
77$3,906,681$551,043$151,906$2,062,949
78$4,238,519$511,400$90,352$2,190,238
79$4,602,105$467,716$24,636$2,330,141
80$5,000,611$419,726$0$2,484,022
81$5,437,532$367,150$0$2,667,469
82$5,916,714$309,695$0$2,877,123
83$6,442,397$247,047$0$3,107,269
84$7,019,247$178,879$0$3,360,024
85$7,652,408$104,841$0$3,637,719
86$8,347,543$24,568$0$3,942,932
87$9,110,891$0$0$4,278,503
88$9,949,325$0$0$4,666,774
89$10,870,418$0$0$5,101,736
90$11,882,509$0$0$5,579,772
91$12,994,787$0$0$6,105,234
92$14,217,376$0$0$6,682,917
93$15,561,428$0$0$7,318,104
94$17,039,231$0$0$8,016,617
95$18,664,322$0$0$8,784,869
96$20,451,615$0$0$9,629,924
97$22,417,543$0$0$10,559,569
98$24,580,212$0$0$11,582,380
99$26,959,570$0$0$12,707,808
100$29,577,595$0$0$13,946,268