Can I retire at age 55 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$61,769$61,219$60,682$60,158$59,647$58,999
2 years$30,579$30,009$29,457$28,922$28,403$27,751
3 years$20,183$19,611$19,061$18,531$18,020$17,384
4 years$14,987$14,416$13,871$13,350$12,852$12,237
5 years$11,869$11,303$10,765$10,254$9,770$9,177
6 years$9,792$9,229$8,700$8,200$7,731$7,161
7 years$8,309$7,751$7,229$6,742$6,287$5,741
8 years$7,197$6,644$6,131$5,656$5,216$4,693
9 years$6,332$5,785$5,281$4,817$4,392$3,893
10 years$5,641$5,099$4,604$4,153$3,743$3,266
11 years$5,076$4,539$4,053$3,614$3,219$2,764
12 years$4,605$4,074$3,597$3,170$2,789$2,357
13 years$4,208$3,682$3,214$2,799$2,432$2,022
14 years$3,867$3,347$2,888$2,484$2,132$1,742
15 years$3,572$3,057$2,607$2,216$1,877$1,508
16 years$3,314$2,805$2,364$1,984$1,659$1,309
17 years$3,087$2,583$2,151$1,782$1,471$1,140
18 years$2,885$2,387$1,963$1,606$1,308$996
19 years$2,704$2,212$1,797$1,451$1,166$871
20 years$2,542$2,056$1,650$1,315$1,041$764
21 years$2,396$1,915$1,517$1,193$932$671
22 years$2,263$1,788$1,398$1,085$835$590
23 years$2,141$1,672$1,291$988$750$519
24 years$2,030$1,566$1,194$901$674$457
25 years$1,928$1,470$1,106$823$606$403
26 years$1,834$1,382$1,026$752$546$356
27 years$1,748$1,300$953$689$493$315
28 years$1,667$1,225$886$631$444$278
29 years$1,592$1,156$824$579$401$246
30 years$1,523$1,092$768$531$363$218
31 years$1,458$1,032$716$488$328$193
32 years$1,397$976$668$448$297$171
33 years$1,340$925$623$412$268$151
34 years$1,286$876$582$379$243$134
35 years$1,236$831$545$349$220$119
36 years$1,188$789$509$322$199$105
37 years$1,143$749$477$296$181$93
38 years$1,101$712$447$273$164$83
39 years$1,061$677$418$252$149$73
40 years$1,023$644$392$232$135$65
41 years$987$613$368$214$122$58
42 years$952$584$345$198$111$51
43 years$920$556$324$183$101$45
44 years$889$530$304$169$91$40
45 years$859$506$285$156$83$36
46 years$831$483$268$144$75$32
47 years$804$460$252$133$68$28
48 years$778$440$237$123$62$25
49 years$754$420$222$113$56$22
50 years$730$401$209$105$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $748,000, adding $5,125 every year, while hoping to spend $59,188 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: 78/17/5 Blend
54$748,000$748,000$748,000$748,000
55$829,582$789,938$778,344$893,693
56$851,224$765,670$741,443$912,175
57$873,090$738,228$701,322$924,180
58$895,139$707,396$657,811$935,570
59$917,328$672,942$610,732$946,254
60$939,602$634,623$559,898$956,134
61$961,902$592,180$505,115$965,104
62$984,160$545,342$446,181$973,046
63$1,006,300$493,818$382,883$979,831
64$1,028,232$437,306$315,000$985,319
65$1,049,860$375,482$242,300$989,355
66$1,071,071$308,006$164,543$991,771
67$1,091,741$234,518$81,476$992,382
68$1,111,729$154,640$0$990,988
69$1,130,877$67,969$0$987,749
70$1,149,009$0$0$986,704
71$1,165,929$0$0$988,103
72$1,181,416$0$0$1,000,971
73$1,195,224$0$0$1,012,383
74$1,207,080$0$0$1,022,101
75$1,216,678$0$0$1,029,865
76$1,223,679$0$0$1,035,380
77$1,227,706$0$0$1,038,324
78$1,228,339$0$0$1,038,333
79$1,225,111$0$0$1,035,007
80$1,217,506$0$0$1,027,902
81$1,204,949$0$0$1,016,522
82$1,186,804$0$0$1,000,321
83$1,162,366$0$0$978,690
84$1,130,851$0$0$950,958
85$1,091,395$0$0$916,379
86$1,043,038$0$0$874,128
87$984,718$0$0$823,292
88$915,262$0$0$762,862
89$833,369$0$0$691,718
90$737,602$0$0$608,626
91$626,374$0$0$512,219
92$497,926$0$0$400,985
93$350,318$0$0$273,257
94$181,405$0$0$127,188
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0