Can I retire at age 55 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,760$62,201$61,656$61,123$60,603$59,797
2 years$31,069$30,491$29,930$29,386$28,859$28,047
3 years$20,507$19,926$19,367$18,828$18,309$17,518
4 years$15,227$14,648$14,094$13,565$13,058$12,294
5 years$12,060$11,484$10,937$10,419$9,927$9,191
6 years$9,949$9,378$8,839$8,332$7,855$7,149
7 years$8,442$7,875$7,345$6,850$6,388$5,712
8 years$7,312$6,751$6,229$5,746$5,299$4,653
9 years$6,434$5,878$5,365$4,895$4,463$3,846
10 years$5,732$5,181$4,678$4,219$3,803$3,215
11 years$5,157$4,612$4,118$3,672$3,270$2,711
12 years$4,679$4,140$3,655$3,221$2,834$2,303
13 years$4,275$3,741$3,265$2,844$2,471$1,967
14 years$3,929$3,400$2,934$2,524$2,166$1,689
15 years$3,629$3,106$2,649$2,251$1,907$1,456
16 years$3,367$2,850$2,402$2,016$1,686$1,259
17 years$3,136$2,625$2,185$1,811$1,495$1,092
18 years$2,931$2,425$1,995$1,632$1,329$949
19 years$2,748$2,248$1,826$1,475$1,185$827
20 years$2,583$2,089$1,676$1,336$1,058$722
21 years$2,434$1,946$1,542$1,212$947$631
22 years$2,299$1,816$1,421$1,102$849$552
23 years$2,176$1,699$1,312$1,004$762$484
24 years$2,063$1,592$1,213$916$685$424
25 years$1,959$1,494$1,124$836$616$372
26 years$1,864$1,404$1,042$764$555$327
27 years$1,776$1,321$968$700$500$288
28 years$1,694$1,245$900$641$452$253
29 years$1,618$1,174$837$588$408$223
30 years$1,547$1,109$780$540$368$196
31 years$1,481$1,048$727$496$333$173
32 years$1,419$992$678$455$301$152
33 years$1,361$939$633$419$273$134
34 years$1,307$890$592$385$247$118
35 years$1,255$845$553$355$224$104
36 years$1,207$802$518$327$203$92
37 years$1,161$761$484$301$184$81
38 years$1,118$724$454$277$166$72
39 years$1,078$688$425$256$151$63
40 years$1,039$655$398$236$137$56
41 years$1,002$623$374$218$124$49
42 years$968$593$350$201$113$43
43 years$934$565$329$185$102$38
44 years$903$539$309$171$93$34
45 years$873$514$290$158$84$30
46 years$844$490$272$146$77$26
47 years$817$468$256$135$70$23
48 years$791$447$240$125$63$21
49 years$766$427$226$115$57$18
50 years$742$407$212$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $760,000, adding $5,649 every year, while hoping to spend $46,468 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: 24/47/29 Blend
54$760,000$760,000$760,000$760,000
55$843,347$803,067$791,287$855,812
56$879,927$792,976$768,353$856,800
57$918,680$780,832$743,094$853,581
58$959,780$766,488$715,382$849,165
59$1,003,415$749,783$685,085$843,484
60$1,049,792$730,551$652,064$836,469
61$1,099,136$708,613$616,173$828,047
62$1,151,694$683,781$577,261$818,146
63$1,207,737$655,857$535,170$806,693
64$1,267,562$624,629$489,734$793,612
65$1,331,493$589,876$440,779$778,828
66$1,399,885$551,360$388,126$762,264
67$1,473,131$508,834$331,585$743,845
68$1,551,656$462,033$270,959$723,494
69$1,635,932$410,679$206,043$701,137
70$1,726,473$354,478$136,622$676,701
71$1,823,845$293,120$62,470$650,116
72$1,928,669$226,274$0$621,312
73$2,041,626$153,595$0$595,384
74$2,163,467$74,717$0$588,079
75$2,295,014$0$0$580,073
76$2,437,172$0$0$576,964
77$2,590,933$0$0$615,501
78$2,757,391$0$0$657,328
79$2,937,746$0$0$702,762
80$3,133,320$0$0$752,150
81$3,345,563$0$0$805,873
82$3,576,073$0$0$864,351
83$3,826,608$0$0$928,046
84$4,099,099$0$0$997,468
85$4,395,672$0$0$1,073,176
86$4,718,668$0$0$1,155,786
87$5,070,660$0$0$1,245,977
88$5,454,482$0$0$1,344,494
89$5,873,252$0$0$1,452,160
90$6,330,403$0$0$1,569,879
91$6,829,712$0$0$1,698,649
92$7,375,340$0$0$1,839,564
93$7,971,866$0$0$1,993,835
94$8,624,330$0$0$2,162,790
95$9,338,285$0$0$2,347,894
96$10,119,843$0$0$2,550,761
97$10,975,735$0$0$2,773,167
98$11,913,374$0$0$3,017,068
99$12,940,922$0$0$3,284,620
100$14,067,371$0$0$3,578,196