Can I retire at age 55 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$62,347$61,792$61,250$60,721$60,205$59,330
2 years$30,865$30,290$29,733$29,193$28,669$27,789
3 years$20,372$19,795$19,239$18,704$18,189$17,331
4 years$15,127$14,551$14,001$13,475$12,972$12,144
5 years$11,981$11,408$10,866$10,350$9,861$9,065
6 years$9,884$9,316$8,781$8,277$7,803$7,039
7 years$8,386$7,823$7,297$6,805$6,346$5,615
8 years$7,264$6,706$6,188$5,709$5,265$4,566
9 years$6,392$5,839$5,330$4,863$4,434$3,768
10 years$5,694$5,147$4,647$4,192$3,778$3,144
11 years$5,124$4,582$4,091$3,648$3,249$2,646
12 years$4,649$4,112$3,631$3,200$2,815$2,243
13 years$4,247$3,716$3,244$2,825$2,455$1,913
14 years$3,903$3,378$2,915$2,508$2,152$1,639
15 years$3,605$3,086$2,631$2,236$1,895$1,410
16 years$3,345$2,831$2,386$2,002$1,675$1,216
17 years$3,115$2,608$2,171$1,799$1,485$1,053
18 years$2,912$2,409$1,982$1,621$1,320$913
19 years$2,730$2,233$1,814$1,465$1,177$794
20 years$2,566$2,075$1,665$1,327$1,051$691
21 years$2,418$1,933$1,532$1,204$941$603
22 years$2,284$1,804$1,412$1,095$843$526
23 years$2,161$1,687$1,303$997$757$460
24 years$2,049$1,581$1,205$909$680$403
25 years$1,947$1,484$1,116$831$612$353
26 years$1,852$1,394$1,035$759$551$309
27 years$1,764$1,312$961$695$497$271
28 years$1,683$1,237$894$637$449$238
29 years$1,607$1,167$832$584$405$209
30 years$1,537$1,102$775$536$366$183
31 years$1,471$1,042$722$492$331$161
32 years$1,410$985$674$452$299$142
33 years$1,352$933$629$416$271$125
34 years$1,298$885$588$383$245$110
35 years$1,247$839$550$352$222$96
36 years$1,199$796$514$325$201$85
37 years$1,154$756$481$299$182$75
38 years$1,111$719$451$276$165$66
39 years$1,071$683$422$254$150$58
40 years$1,032$650$396$234$136$51
41 years$996$619$371$216$123$45
42 years$961$590$348$200$112$39
43 years$928$562$327$184$102$35
44 years$897$535$307$170$92$31
45 years$867$511$288$157$84$27
46 years$839$487$270$145$76$24
47 years$812$465$254$134$69$21
48 years$786$444$239$124$63$18
49 years$761$424$224$114$57$16
50 years$737$405$211$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $755,000, adding $6,402 every year, while hoping to spend $44,716 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: 49/39/12 Blend
54$755,000$755,000$755,000$755,000
55$838,614$798,599$786,896$876,657
56$876,575$790,153$765,680$895,030
57$916,909$779,794$742,254$909,776
58$959,812$767,382$716,497$924,784
59$1,005,496$752,767$688,283$940,091
60$1,054,195$735,791$657,479$955,742
61$1,106,165$716,286$623,947$971,791
62$1,161,686$694,076$587,541$988,297
63$1,221,064$668,973$548,110$1,005,332
64$1,284,637$640,777$505,496$1,022,976
65$1,352,774$609,279$459,534$1,041,323
66$1,425,879$574,256$410,051$1,060,478
67$1,504,398$535,473$356,867$1,080,563
68$1,588,818$492,682$299,792$1,101,718
69$1,679,673$445,620$238,632$1,124,099
70$1,777,554$394,009$173,180$1,147,884
71$1,883,104$337,556$103,221$1,173,276
72$1,997,034$275,949$28,533$1,200,504
73$2,120,124$208,863$0$1,229,826
74$2,253,229$135,950$0$1,268,084
75$2,397,292$56,845$0$1,313,380
76$2,553,348$0$0$1,362,455
77$2,722,535$0$0$1,428,135
78$2,906,104$0$0$1,525,937
79$3,105,433$0$0$1,632,206
80$3,322,034$0$0$1,747,760
81$3,557,574$0$0$1,873,495
82$3,813,885$0$0$2,010,401
83$4,092,982$0$0$2,159,564
84$4,397,086$0$0$2,322,181
85$4,728,636$0$0$2,499,568
86$5,090,321$0$0$2,693,176
87$5,485,097$0$0$2,904,599
88$5,916,220$0$0$3,135,594
89$6,387,275$0$0$3,388,095
90$6,902,208$0$0$3,664,229
91$7,465,361$0$0$3,966,342
92$8,081,518$0$0$4,297,013
93$8,755,946$0$0$4,659,085
94$9,494,445$0$0$5,055,687
95$10,303,400$0$0$5,490,267
96$11,189,845$0$0$5,966,618
97$12,161,525$0$0$6,488,923
98$13,226,972$0$0$7,061,784
99$14,395,581$0$0$7,690,273
100$15,677,702$0$0$8,379,976