Can I retire at age 55 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$62,430$61,874$61,331$60,802$60,285$59,955
2 years$30,906$30,330$29,772$29,232$28,707$28,374
3 years$20,399$19,821$19,265$18,729$18,213$17,888
4 years$15,147$14,571$14,020$13,493$12,990$12,674
5 years$11,996$11,424$10,880$10,364$9,874$9,570
6 years$9,897$9,328$8,793$8,288$7,813$7,520
7 years$8,398$7,834$7,307$6,814$6,354$6,072
8 years$7,274$6,715$6,197$5,716$5,272$5,001
9 years$6,400$5,847$5,337$4,869$4,439$4,180
10 years$5,701$5,154$4,653$4,197$3,783$3,534
11 years$5,130$4,588$4,096$3,653$3,253$3,015
12 years$4,655$4,118$3,636$3,204$2,819$2,592
13 years$4,253$3,721$3,248$2,829$2,458$2,242
14 years$3,908$3,383$2,918$2,511$2,155$1,949
15 years$3,610$3,090$2,635$2,239$1,897$1,701
16 years$3,349$2,835$2,389$2,005$1,677$1,491
17 years$3,120$2,611$2,174$1,802$1,487$1,310
18 years$2,916$2,413$1,984$1,624$1,322$1,154
19 years$2,733$2,236$1,817$1,467$1,178$1,019
20 years$2,569$2,078$1,667$1,329$1,053$902
21 years$2,421$1,935$1,534$1,206$942$800
22 years$2,287$1,807$1,413$1,096$844$710
23 years$2,164$1,690$1,305$998$758$631
24 years$2,052$1,583$1,207$911$681$562
25 years$1,949$1,486$1,118$832$613$501
26 years$1,854$1,396$1,037$760$552$446
27 years$1,766$1,314$963$696$498$398
28 years$1,685$1,238$895$638$449$356
29 years$1,609$1,168$833$585$406$318
30 years$1,539$1,103$776$537$366$284
31 years$1,473$1,043$723$493$331$254
32 years$1,412$987$675$453$300$228
33 years$1,354$935$630$417$271$204
34 years$1,300$886$589$383$246$183
35 years$1,249$840$550$353$222$164
36 years$1,201$797$515$325$202$147
37 years$1,155$757$482$299$183$132
38 years$1,113$720$451$276$166$118
39 years$1,072$684$423$254$150$106
40 years$1,034$651$396$235$136$95
41 years$997$620$372$217$124$85
42 years$962$590$349$200$112$76
43 years$930$562$327$184$102$69
44 years$898$536$307$170$92$62
45 years$868$511$288$157$84$55
46 years$840$488$271$145$76$50
47 years$813$465$254$134$69$45
48 years$787$444$239$124$63$40
49 years$762$424$225$115$57$36
50 years$738$405$211$106$52$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $756,000, adding $4,846 every year, while hoping to spend $45,076 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: 63/23/14 Blend
54$756,000$756,000$756,000$756,000
55$838,111$798,043$786,325$887,783
56$875,637$789,186$764,706$912,820
57$915,481$778,385$740,852$934,545
58$957,831$765,496$714,641$957,170
59$1,002,892$750,369$685,945$980,781
60$1,050,892$732,842$654,629$1,005,479
61$1,102,078$712,745$620,553$1,031,373
62$1,156,720$689,900$583,572$1,058,588
63$1,215,116$664,116$543,533$1,087,262
64$1,277,592$635,191$500,275$1,117,549
65$1,344,504$602,913$453,631$1,149,622
66$1,416,243$567,056$403,428$1,183,673
67$1,493,240$527,382$349,483$1,219,917
68$1,575,966$483,639$291,606$1,258,592
69$1,664,937$435,561$229,598$1,299,966
70$1,760,723$382,865$163,252$1,344,334
71$1,863,947$325,256$92,351$1,392,027
72$1,975,294$262,418$16,669$1,443,413
73$2,095,517$194,019$0$1,498,899
74$2,225,443$119,710$0$1,568,515
75$2,365,982$39,118$0$1,646,471
76$2,518,132$0$0$1,730,873
77$2,682,992$0$0$1,834,569
78$2,861,770$0$0$1,957,802
79$3,055,795$0$0$2,091,591
80$3,266,527$0$0$2,236,951
81$3,495,573$0$0$2,394,997
82$3,744,702$0$0$2,566,954
83$4,015,858$0$0$2,754,172
84$4,311,182$0$0$2,958,137
85$4,633,028$0$0$3,180,481
86$4,983,989$0$0$3,423,004
87$5,366,918$0$0$3,687,685
88$5,784,954$0$0$3,976,703
89$6,241,554$0$0$4,292,456
90$6,740,523$0$0$4,637,585
91$7,286,050$0$0$5,014,996
92$7,882,748$0$0$5,427,892
93$8,535,695$0$0$5,879,797
94$9,250,483$0$0$6,374,590
95$10,033,271$0$0$6,916,547
96$10,890,838$0$0$7,510,373
97$11,830,654$0$0$8,161,253
98$12,860,943$0$0$8,874,894
99$13,990,763$0$0$9,657,584
100$15,230,093$0$0$10,516,248