Can I retire at age 55 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$61,934$61,383$60,844$60,319$59,806$59,206
2 years$30,661$30,090$29,536$29,000$28,479$27,875
3 years$20,237$19,664$19,112$18,580$18,068$17,478
4 years$15,027$14,455$13,909$13,386$12,886$12,316
5 years$11,901$11,333$10,794$10,282$9,796$9,246
6 years$9,818$9,254$8,723$8,222$7,751$7,222
7 years$8,331$7,772$7,249$6,760$6,304$5,797
8 years$7,216$6,662$6,147$5,671$5,230$4,744
9 years$6,349$5,800$5,295$4,830$4,404$3,940
10 years$5,656$5,113$4,616$4,164$3,753$3,309
11 years$5,090$4,551$4,064$3,624$3,227$2,805
12 years$4,618$4,085$3,607$3,179$2,797$2,394
13 years$4,219$3,692$3,222$2,806$2,439$2,056
14 years$3,877$3,356$2,895$2,491$2,138$1,775
15 years$3,581$3,066$2,614$2,222$1,882$1,538
16 years$3,323$2,813$2,370$1,989$1,664$1,337
17 years$3,095$2,590$2,157$1,787$1,475$1,166
18 years$2,892$2,394$1,969$1,611$1,312$1,020
19 years$2,712$2,218$1,802$1,455$1,169$894
20 years$2,549$2,061$1,654$1,318$1,044$784
21 years$2,402$1,920$1,521$1,196$934$690
22 years$2,269$1,792$1,402$1,088$838$607
23 years$2,147$1,676$1,295$991$752$535
24 years$2,036$1,571$1,197$903$676$473
25 years$1,934$1,474$1,109$825$608$417
26 years$1,839$1,385$1,029$754$548$369
27 years$1,752$1,304$955$691$494$327
28 years$1,672$1,228$888$633$446$289
29 years$1,597$1,159$826$580$402$256
30 years$1,527$1,094$770$532$364$227
31 years$1,461$1,035$717$489$329$201
32 years$1,400$979$669$449$297$179
33 years$1,343$927$625$413$269$158
34 years$1,289$879$584$380$244$141
35 years$1,239$833$546$350$221$125
36 years$1,191$791$511$322$200$111
37 years$1,146$751$478$297$181$98
38 years$1,104$714$448$274$164$87
39 years$1,063$679$419$252$149$78
40 years$1,025$646$393$233$135$69
41 years$989$615$369$215$123$61
42 years$955$586$346$198$111$55
43 years$922$558$324$183$101$48
44 years$891$532$305$169$92$43
45 years$861$507$286$156$83$38
46 years$833$484$269$144$76$34
47 years$806$462$252$133$69$30
48 years$780$441$237$123$62$27
49 years$756$421$223$114$57$24
50 years$732$402$210$105$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $750,000, adding $2,176 every year, while hoping to spend $46,683 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: 79/5/16 Blend
54$750,000$750,000$750,000$750,000
55$828,745$788,995$777,370$891,219
56$863,606$777,985$753,741$921,673
57$900,459$764,871$727,756$948,910
58$939,457$749,501$699,287$977,489
59$980,768$731,713$668,200$1,007,527
60$1,024,575$711,336$634,354$1,039,152
61$1,071,080$688,190$597,603$1,072,503
62$1,120,501$662,082$557,793$1,107,737
63$1,173,079$632,810$514,766$1,145,026
64$1,229,075$600,160$468,352$1,184,560
65$1,288,778$563,905$418,379$1,226,548
66$1,352,502$523,805$364,664$1,271,222
67$1,420,592$479,606$307,015$1,318,838
68$1,493,427$431,042$245,235$1,369,677
69$1,571,420$377,827$179,114$1,424,053
70$1,655,028$319,663$108,437$1,482,309
71$1,744,748$256,234$32,977$1,544,827
72$1,841,129$187,206$0$1,612,025
73$1,944,770$112,225$0$1,692,487
74$2,056,332$30,919$0$1,785,142
75$2,176,539$0$0$1,884,964
76$2,306,186$0$0$1,995,766
77$2,446,148$0$0$2,117,238
78$2,597,385$0$0$2,248,514
79$2,760,953$0$0$2,390,512
80$2,938,012$0$0$2,544,243
81$3,129,837$0$0$2,710,816
82$3,337,832$0$0$2,891,451
83$3,563,537$0$0$3,087,492
84$3,808,649$0$0$3,300,414
85$4,075,034$0$0$3,531,842
86$4,364,745$0$0$3,783,560
87$4,680,038$0$0$4,057,535
88$5,023,400$0$0$4,355,929
89$5,397,563$0$0$4,681,122
90$5,805,537$0$0$5,035,732
91$6,250,633$0$0$5,422,643
92$6,736,496$0$0$5,845,026
93$7,267,139$0$0$6,306,374
94$7,846,978$0$0$6,810,533
95$8,480,876$0$0$7,361,734
96$9,174,188$0$0$7,964,638
97$9,932,807$0$0$8,624,377
98$10,763,225$0$0$9,346,600
99$11,672,590$0$0$10,137,530
100$12,668,773$0$0$11,004,019