Can I retire at age 55 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$62,099$61,546$61,007$60,480$59,966$59,045
2 years$30,742$30,170$29,615$29,077$28,555$27,630
3 years$20,291$19,716$19,163$18,630$18,116$17,215
4 years$15,067$14,494$13,946$13,422$12,921$12,051
5 years$11,933$11,363$10,822$10,309$9,822$8,986
6 years$9,844$9,279$8,746$8,244$7,772$6,970
7 years$8,353$7,792$7,268$6,778$6,321$5,554
8 years$7,235$6,679$6,164$5,686$5,244$4,511
9 years$6,366$5,816$5,309$4,843$4,416$3,718
10 years$5,671$5,126$4,628$4,175$3,763$3,098
11 years$5,103$4,564$4,075$3,633$3,236$2,605
12 years$4,630$4,096$3,616$3,187$2,804$2,205
13 years$4,230$3,702$3,231$2,814$2,445$1,878
14 years$3,888$3,365$2,903$2,498$2,144$1,607
15 years$3,591$3,074$2,621$2,227$1,887$1,380
16 years$3,332$2,820$2,376$1,994$1,668$1,189
17 years$3,103$2,597$2,162$1,792$1,479$1,028
18 years$2,900$2,400$1,974$1,615$1,315$890
19 years$2,719$2,224$1,807$1,459$1,172$773
20 years$2,556$2,067$1,658$1,322$1,047$672
21 years$2,409$1,925$1,525$1,199$937$585
22 years$2,275$1,797$1,406$1,091$840$510
23 years$2,153$1,681$1,298$993$754$445
24 years$2,041$1,575$1,201$906$678$389
25 years$1,939$1,478$1,112$827$610$340
26 years$1,844$1,389$1,031$756$549$298
27 years$1,757$1,307$958$692$495$261
28 years$1,676$1,232$890$634$447$228
29 years$1,601$1,162$828$582$403$200
30 years$1,531$1,097$772$534$365$176
31 years$1,465$1,037$719$490$330$154
32 years$1,404$982$671$451$298$135
33 years$1,347$930$627$414$270$119
34 years$1,293$881$586$381$244$104
35 years$1,242$836$547$351$221$91
36 years$1,194$793$512$323$200$80
37 years$1,149$753$479$298$182$71
38 years$1,107$716$449$275$165$62
39 years$1,066$681$421$253$149$54
40 years$1,028$648$394$233$135$48
41 years$992$617$370$215$123$42
42 years$957$587$347$199$112$37
43 years$925$559$325$184$101$33
44 years$893$533$305$169$92$29
45 years$864$509$287$156$83$25
46 years$835$485$269$145$76$22
47 years$808$463$253$134$69$19
48 years$783$442$238$123$62$17
49 years$758$422$224$114$57$15
50 years$734$403$210$105$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $752,000, adding $2,817 every year, while hoping to spend $50,424 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: 65/22/13 Blend
54$752,000$752,000$752,000$752,000
55$831,610$791,754$780,098$882,976
56$862,783$776,899$752,580$902,786
57$895,446$759,626$722,451$918,286
58$929,698$739,764$689,569$933,961
59$965,645$717,130$653,788$949,825
60$1,003,404$691,533$614,953$965,898
61$1,043,101$662,768$572,903$982,201
62$1,084,874$630,620$527,472$998,760
63$1,128,871$594,861$478,483$1,015,608
64$1,175,257$555,250$425,753$1,032,779
65$1,224,209$511,532$369,091$1,050,317
66$1,275,919$463,438$308,296$1,068,272
67$1,330,599$410,683$243,161$1,086,701
68$1,388,479$352,966$173,466$1,105,670
69$1,449,812$289,969$98,985$1,125,257
70$1,514,871$221,355$19,479$1,145,548
71$1,583,957$146,771$0$1,166,644
72$1,657,398$65,841$0$1,197,726
73$1,735,555$0$0$1,233,330
74$1,818,821$0$0$1,276,222
75$1,907,626$0$0$1,338,995
76$2,002,443$0$0$1,406,048
77$2,103,789$0$0$1,477,751
78$2,212,231$0$0$1,554,508
79$2,328,390$0$0$1,636,764
80$2,452,949$0$0$1,725,007
81$2,586,655$0$0$1,819,771
82$2,730,329$0$0$1,921,644
83$2,884,873$0$0$2,031,270
84$3,051,276$0$0$2,149,357
85$3,230,625$0$0$2,276,682
86$3,424,113$0$0$2,414,099
87$3,633,052$0$0$2,562,546
88$3,858,882$0$0$2,723,054
89$4,103,188$0$0$2,896,757
90$4,367,710$0$0$3,084,900
91$4,654,362$0$0$3,288,852
92$4,965,249$0$0$3,510,121
93$5,302,684$0$0$3,750,362
94$5,669,214$0$0$4,011,397
95$6,067,638$0$0$4,295,230
96$6,501,037$0$0$4,604,066
97$6,972,799$0$0$4,940,332
98$7,486,653$0$0$5,306,696
99$8,046,704$0$0$5,706,096
100$8,657,466$0$0$6,141,766