Can I retire at age 55 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$62,595$62,037$61,493$60,962$60,444$59,813
2 years$30,988$30,410$29,851$29,309$28,783$28,147
3 years$20,453$19,874$19,316$18,778$18,261$17,641
4 years$15,187$14,609$14,057$13,529$13,024$12,424
5 years$12,028$11,454$10,909$10,391$9,901$9,322
6 years$9,923$9,353$8,816$8,310$7,834$7,278
7 years$8,420$7,855$7,326$6,832$6,371$5,838
8 years$7,293$6,733$6,213$5,731$5,285$4,775
9 years$6,417$5,862$5,351$4,882$4,451$3,963
10 years$5,717$5,167$4,665$4,208$3,793$3,327
11 years$5,144$4,600$4,107$3,662$3,262$2,818
12 years$4,667$4,129$3,645$3,212$2,827$2,404
13 years$4,264$3,731$3,257$2,836$2,465$2,063
14 years$3,919$3,392$2,926$2,518$2,161$1,779
15 years$3,620$3,098$2,642$2,245$1,902$1,541
16 years$3,358$2,843$2,395$2,010$1,681$1,339
17 years$3,128$2,618$2,180$1,806$1,491$1,167
18 years$2,923$2,419$1,990$1,628$1,326$1,020
19 years$2,741$2,242$1,821$1,471$1,181$893
20 years$2,576$2,083$1,672$1,332$1,055$783
21 years$2,428$1,941$1,538$1,209$944$688
22 years$2,293$1,811$1,417$1,099$847$606
23 years$2,170$1,694$1,308$1,001$760$533
24 years$2,058$1,587$1,210$913$683$470
25 years$1,954$1,490$1,121$834$615$415
26 years$1,859$1,400$1,040$762$554$367
27 years$1,771$1,318$965$698$499$324
28 years$1,689$1,242$897$639$450$287
29 years$1,614$1,171$835$586$407$254
30 years$1,543$1,106$778$538$367$225
31 years$1,477$1,046$725$494$332$199
32 years$1,415$989$677$454$301$177
33 years$1,357$937$632$418$272$157
34 years$1,303$888$590$384$246$139
35 years$1,252$842$552$354$223$123
36 years$1,204$799$516$326$202$109
37 years$1,158$759$483$300$183$97
38 years$1,115$722$452$277$166$86
39 years$1,075$686$424$255$151$76
40 years$1,036$653$397$235$137$68
41 years$1,000$621$373$217$124$60
42 years$965$592$349$200$112$54
43 years$932$564$328$185$102$48
44 years$901$538$308$171$93$42
45 years$871$513$289$158$84$37
46 years$842$489$271$146$76$33
47 years$815$467$255$135$69$30
48 years$789$445$240$124$63$26
49 years$764$425$225$115$57$23
50 years$740$406$212$106$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $758,000, adding $3,350 every year, while hoping to spend $35,862 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: 28/47/25 Blend
54$758,000$758,000$758,000$758,000
55$838,772$798,598$786,849$855,639
56$886,169$799,572$775,051$870,191
57$937,200$799,392$761,656$882,460
58$992,196$797,964$746,573$894,902
59$1,051,522$795,186$729,706$907,557
60$1,115,581$790,954$710,955$920,471
61$1,184,812$785,153$690,214$933,696
62$1,259,702$777,665$667,375$947,295
63$1,340,783$768,362$642,324$961,341
64$1,428,641$757,110$614,940$975,917
65$1,523,920$743,766$585,098$991,119
66$1,627,329$728,179$552,667$1,007,058
67$1,739,646$710,189$517,511$1,023,860
68$1,861,729$689,627$479,487$1,041,669
69$1,994,520$666,314$438,445$1,060,650
70$2,139,058$640,060$394,229$1,080,988
71$2,296,483$610,664$346,677$1,102,894
72$2,468,051$577,913$295,617$1,126,609
73$2,655,145$541,584$240,873$1,152,401
74$2,859,286$501,438$182,259$1,180,575
75$3,082,149$457,224$119,580$1,211,474
76$3,325,577$408,677$52,635$1,245,484
77$3,591,600$355,517$0$1,283,039
78$3,882,452$297,446$0$1,329,641
79$4,200,593$234,151$0$1,396,129
80$4,548,732$165,303$0$1,469,119
81$4,929,850$90,551$0$1,549,360
82$5,347,233$9,526$0$1,637,682
83$5,804,497$0$0$1,735,009
84$6,305,625$0$0$1,882,790
85$6,855,003$0$0$2,050,326
86$7,457,464$0$0$2,234,178
87$8,118,328$0$0$2,435,987
88$8,843,456$0$0$2,657,559
89$9,639,305$0$0$2,900,884
90$10,512,986$0$0$3,168,155
91$11,472,332$0$0$3,461,785
92$12,525,972$0$0$3,784,435
93$13,683,413$0$0$4,139,037
94$14,955,126$0$0$4,528,819
95$16,352,648$0$0$4,957,337
96$17,888,689$0$0$5,428,512
97$19,577,250$0$0$5,946,661
98$21,433,757$0$0$6,516,541
99$23,475,206$0$0$7,143,393
100$25,720,323$0$0$7,832,993