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%18.1%
1 years$61,934$61,383$60,844$60,319$59,806$57,845
2 years$30,661$30,090$29,536$29,000$28,479$26,522
3 years$20,237$19,664$19,112$18,580$18,068$16,177
4 years$15,027$14,455$13,909$13,386$12,886$11,075
5 years$11,901$11,333$10,794$10,282$9,796$8,070
6 years$9,818$9,254$8,723$8,222$7,751$6,111
7 years$8,331$7,772$7,249$6,760$6,304$4,750
8 years$7,216$6,662$6,147$5,671$5,230$3,760
9 years$6,349$5,800$5,295$4,830$4,404$3,018
10 years$5,656$5,113$4,616$4,164$3,753$2,447
11 years$5,090$4,551$4,064$3,624$3,227$2,000
12 years$4,618$4,085$3,607$3,179$2,797$1,646
13 years$4,219$3,692$3,222$2,806$2,439$1,361
14 years$3,877$3,356$2,895$2,491$2,138$1,130
15 years$3,581$3,066$2,614$2,222$1,882$941
16 years$3,323$2,813$2,370$1,989$1,664$786
17 years$3,095$2,590$2,157$1,787$1,475$658
18 years$2,892$2,394$1,969$1,611$1,312$552
19 years$2,712$2,218$1,802$1,455$1,169$463
20 years$2,549$2,061$1,654$1,318$1,044$390
21 years$2,402$1,920$1,521$1,196$934$328
22 years$2,269$1,792$1,402$1,088$838$277
23 years$2,147$1,676$1,295$991$752$233
24 years$2,036$1,571$1,197$903$676$197
25 years$1,934$1,474$1,109$825$608$166
26 years$1,839$1,385$1,029$754$548$140
27 years$1,752$1,304$955$691$494$119
28 years$1,672$1,228$888$633$446$100
29 years$1,597$1,159$826$580$402$85
30 years$1,527$1,094$770$532$364$72
31 years$1,461$1,035$717$489$329$61
32 years$1,400$979$669$449$297$51
33 years$1,343$927$625$413$269$43
34 years$1,289$879$584$380$244$37
35 years$1,239$833$546$350$221$31
36 years$1,191$791$511$322$200$26
37 years$1,146$751$478$297$181$22
38 years$1,104$714$448$274$164$19
39 years$1,063$679$419$252$149$16
40 years$1,025$646$393$233$135$14
41 years$989$615$369$215$123$11
42 years$955$586$346$198$111$10
43 years$922$558$324$183$101$8
44 years$891$532$305$169$92$7
45 years$861$507$286$156$83$6
46 years$833$484$269$144$76$5
47 years$806$462$252$133$69$4
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $750,000, adding $4,489 every year, while hoping to spend $56,103 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: 82/10/8 Blend
54$750,000$750,000$750,000$750,000
55$831,130$791,380$779,755$898,106
56$856,213$770,465$746,184$921,669
57$881,973$746,644$709,608$939,596
58$908,421$719,717$669,867$957,562
59$935,566$689,469$626,793$975,540
60$963,416$655,676$580,214$993,498
61$991,979$618,098$529,945$1,011,405
62$1,021,259$576,483$475,796$1,029,221
63$1,051,261$530,564$417,568$1,046,907
64$1,081,986$480,058$355,054$1,064,418
65$1,113,436$424,668$288,035$1,081,706
66$1,145,608$364,078$216,286$1,098,716
67$1,178,497$297,956$139,569$1,115,391
68$1,212,096$225,948$57,637$1,131,666
69$1,246,395$147,684$0$1,147,472
70$1,281,377$62,771$0$1,165,275
71$1,317,025$0$0$1,187,865
72$1,353,315$0$0$1,213,462
73$1,390,218$0$0$1,246,512
74$1,427,700$0$0$1,280,074
75$1,465,718$0$0$1,314,113
76$1,504,225$0$0$1,348,582
77$1,543,163$0$0$1,383,432
78$1,582,467$0$0$1,418,600
79$1,622,059$0$0$1,454,019
80$1,661,852$0$0$1,489,607
81$1,701,746$0$0$1,525,276
82$1,741,626$0$0$1,560,920
83$1,781,362$0$0$1,596,421
84$1,820,808$0$0$1,631,647
85$1,859,795$0$0$1,666,446
86$1,898,138$0$0$1,700,649
87$1,935,624$0$0$1,734,063
88$1,972,015$0$0$1,766,474
89$2,007,045$0$0$1,797,640
90$2,040,416$0$0$1,827,291
91$2,071,793$0$0$1,855,124
92$2,100,804$0$0$1,880,803
93$2,127,030$0$0$1,903,948
94$2,150,008$0$0$1,924,141
95$2,169,219$0$0$1,940,912
96$2,184,087$0$0$1,953,740
97$2,193,970$0$0$1,962,044
98$2,198,155$0$0$1,965,180
99$2,195,849$0$0$1,962,430
100$2,186,173$0$0$1,952,999