Can I retire at age 55 with 657,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$54,254$53,771$53,300$52,839$52,390$50,999
2 years$26,859$26,358$25,874$25,404$24,948$23,556
3 years$17,728$17,226$16,742$16,276$15,828$14,479
4 years$13,163$12,663$12,184$11,726$11,289$9,993
5 years$10,425$9,928$9,455$9,007$8,581$7,343
6 years$8,601$8,107$7,641$7,203$6,790$5,610
7 years$7,298$6,808$6,350$5,922$5,522$4,400
8 years$6,321$5,836$5,385$4,968$4,581$3,516
9 years$5,562$5,081$4,638$4,231$3,858$2,850
10 years$4,955$4,479$4,044$3,647$3,287$2,334
11 years$4,459$3,987$3,560$3,174$2,827$1,928
12 years$4,045$3,579$3,159$2,784$2,450$1,603
13 years$3,696$3,234$2,823$2,458$2,136$1,340
14 years$3,396$2,940$2,536$2,182$1,873$1,124
15 years$3,137$2,685$2,290$1,946$1,649$947
16 years$2,911$2,464$2,076$1,742$1,457$800
17 years$2,711$2,269$1,889$1,566$1,292$678
18 years$2,534$2,097$1,725$1,411$1,149$575
19 years$2,375$1,943$1,579$1,275$1,024$489
20 years$2,233$1,806$1,449$1,155$915$416
21 years$2,104$1,682$1,333$1,048$819$355
22 years$1,987$1,570$1,228$953$734$303
23 years$1,881$1,468$1,134$868$659$259
24 years$1,783$1,376$1,049$791$592$221
25 years$1,694$1,291$971$723$533$189
26 years$1,611$1,213$901$661$480$162
27 years$1,535$1,142$837$605$433$138
28 years$1,464$1,076$778$554$390$119
29 years$1,399$1,015$724$508$352$102
30 years$1,337$959$674$466$318$87
31 years$1,280$906$629$428$288$75
32 years$1,227$858$586$394$260$64
33 years$1,177$812$548$362$236$55
34 years$1,130$770$512$333$213$47
35 years$1,085$730$478$307$193$40
36 years$1,043$693$447$282$175$35
37 years$1,004$658$419$260$159$30
38 years$967$625$392$240$144$25
39 years$932$595$367$221$131$22
40 years$898$566$344$204$118$19
41 years$867$539$323$188$107$16
42 years$836$513$303$174$97$14
43 years$808$489$284$160$88$12
44 years$781$466$267$148$80$10
45 years$755$444$251$137$73$9
46 years$730$424$235$126$66$7
47 years$706$404$221$117$60$6
48 years$684$386$208$108$55$6
49 years$662$369$195$100$50$5
50 years$641$352$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $657,000, adding $2,704 every year, while hoping to spend $20,439 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: 54/34/12 Blend
54$657,000$657,000$657,000$657,000
55$726,803$691,982$681,799$763,654
56$779,190$704,142$682,892$801,160
57$836,236$716,213$683,337$839,519
58$898,393$728,169$683,090$880,794
59$966,162$739,982$682,106$925,269
60$1,040,091$751,622$680,337$973,251
61$1,120,785$763,057$677,734$1,025,085
62$1,208,911$774,252$674,243$1,081,147
63$1,305,200$785,170$669,811$1,141,854
64$1,410,459$795,773$664,378$1,207,664
65$1,525,577$806,017$657,886$1,279,083
66$1,651,532$815,857$650,271$1,356,670
67$1,789,399$825,245$641,466$1,441,040
68$1,940,366$834,130$631,403$1,532,871
69$2,105,737$842,457$620,009$1,632,912
70$2,286,951$850,166$607,208$1,741,988
71$2,485,591$857,195$592,921$1,861,010
72$2,703,402$863,478$577,064$1,990,982
73$2,942,305$868,944$559,551$2,133,011
74$3,204,414$873,517$540,291$2,288,318
75$3,492,062$877,117$519,188$2,458,248
76$3,807,815$879,658$496,144$2,644,289
77$4,154,501$881,050$471,054$2,848,076
78$4,535,235$881,196$443,809$3,071,416
79$4,953,449$879,995$414,296$3,316,300
80$5,412,922$877,336$382,397$3,584,926
81$5,917,820$873,105$347,987$3,879,713
82$6,472,730$867,180$310,936$4,203,333
83$7,082,706$859,429$271,111$4,558,730
84$7,753,318$849,717$228,368$4,949,153
85$8,490,699$837,896$182,561$5,378,180
86$9,301,609$823,812$133,536$5,849,761
87$10,193,495$807,300$81,132$6,368,248
88$11,174,562$788,188$25,180$6,938,441
89$12,253,850$766,292$0$7,565,633
90$13,441,318$741,416$0$8,260,081
91$14,747,942$713,355$0$9,027,523
92$16,185,814$681,891$0$9,871,852
93$17,768,256$646,793$0$10,800,913
94$19,509,949$607,816$0$11,823,354
95$21,427,069$564,704$0$12,948,710
96$23,537,439$517,184$0$14,187,489
97$25,860,698$464,966$0$15,551,276
98$28,418,486$407,746$0$17,052,838
99$31,234,648$345,203$0$18,706,252
100$34,335,460$276,995$0$20,527,031