Can I retire at age 55 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$62,512$61,956$61,412$60,882$60,364$59,659
2 years$30,947$30,370$29,812$29,270$28,745$28,035
3 years$20,426$19,847$19,290$18,754$18,237$17,545
4 years$15,167$14,590$14,038$13,511$13,007$12,337
5 years$12,012$11,439$10,894$10,378$9,888$9,243
6 years$9,910$9,341$8,804$8,299$7,824$7,205
7 years$8,409$7,844$7,316$6,823$6,363$5,769
8 years$7,283$6,724$6,205$5,724$5,278$4,711
9 years$6,408$5,854$5,344$4,875$4,445$3,903
10 years$5,709$5,160$4,659$4,203$3,788$3,270
11 years$5,137$4,594$4,102$3,658$3,257$2,765
12 years$4,661$4,123$3,640$3,208$2,823$2,354
13 years$4,258$3,726$3,252$2,832$2,462$2,017
14 years$3,913$3,387$2,922$2,514$2,158$1,736
15 years$3,615$3,094$2,638$2,242$1,900$1,500
16 years$3,354$2,839$2,392$2,008$1,679$1,301
17 years$3,124$2,614$2,177$1,804$1,489$1,131
18 years$2,919$2,416$1,987$1,626$1,324$986
19 years$2,737$2,239$1,819$1,469$1,180$862
20 years$2,573$2,081$1,669$1,330$1,054$754
21 years$2,425$1,938$1,536$1,207$943$661
22 years$2,290$1,809$1,415$1,098$845$581
23 years$2,167$1,692$1,307$1,000$759$510
24 years$2,055$1,585$1,209$912$682$449
25 years$1,952$1,488$1,119$833$614$395
26 years$1,857$1,398$1,038$761$553$349
27 years$1,769$1,316$964$697$498$307
28 years$1,687$1,240$896$639$450$271
29 years$1,611$1,170$834$586$406$240
30 years$1,541$1,105$777$537$367$212
31 years$1,475$1,044$724$494$332$187
32 years$1,413$988$676$454$300$165
33 years$1,356$936$631$417$272$146
34 years$1,301$887$589$384$246$129
35 years$1,250$841$551$353$223$114
36 years$1,202$798$516$325$202$101
37 years$1,157$758$483$300$183$90
38 years$1,114$721$452$276$166$79
39 years$1,073$685$423$255$150$70
40 years$1,035$652$397$235$136$62
41 years$998$621$372$217$124$55
42 years$964$591$349$200$112$49
43 years$931$563$328$185$102$43
44 years$899$537$307$171$92$38
45 years$870$512$289$158$84$34
46 years$841$488$271$146$76$30
47 years$814$466$255$134$69$27
48 years$788$445$239$124$63$24
49 years$763$425$225$115$57$21
50 years$739$406$212$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $757,000, adding $5,110 every year, while hoping to spend $48,227 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: 51/22/27 Blend
54$757,000$757,000$757,000$757,000
55$839,485$799,364$787,630$875,690
56$873,799$787,220$762,703$889,282
57$909,997$772,864$735,324$898,789
58$948,220$756,137$705,361$908,170
59$988,622$736,872$672,673$917,433
60$1,031,371$714,888$637,117$926,591
61$1,076,650$689,997$598,540$935,661
62$1,124,661$661,999$556,784$944,666
63$1,175,621$630,682$511,681$953,634
64$1,229,772$595,822$463,059$962,599
65$1,287,374$557,183$410,737$971,604
66$1,348,714$514,513$354,525$980,699
67$1,414,107$467,549$294,226$989,945
68$1,483,897$416,009$229,634$999,414
69$1,558,461$359,600$160,532$1,009,187
70$1,638,210$298,007$86,697$1,019,364
71$1,723,599$230,901$7,893$1,030,057
72$1,815,124$157,932$0$1,041,397
73$1,913,330$78,734$0$1,075,486
74$2,018,813$0$0$1,114,398
75$2,132,232$0$0$1,157,844
76$2,254,305$0$0$1,225,175
77$2,385,825$0$0$1,297,775
78$2,527,659$0$0$1,376,131
79$2,680,762$0$0$1,460,777
80$2,846,183$0$0$1,552,303
81$3,025,075$0$0$1,651,353
82$3,218,703$0$0$1,758,639
83$3,428,462$0$0$1,874,942
84$3,655,882$0$0$2,001,121
85$3,902,647$0$0$2,138,121
86$4,170,608$0$0$2,286,980
87$4,461,803$0$0$2,448,843
88$4,778,473$0$0$2,624,966
89$5,123,082$0$0$2,816,733
90$5,498,343$0$0$3,025,667
91$5,907,241$0$0$3,253,444
92$6,353,061$0$0$3,501,908
93$6,839,418$0$0$3,773,088
94$7,370,291$0$0$4,069,219
95$7,950,060$0$0$4,392,760
96$8,583,548$0$0$4,746,420
97$9,276,064$0$0$5,133,180
98$10,033,451$0$0$5,556,322
99$10,862,145$0$0$6,019,460
100$11,769,232$0$0$6,526,575