Can I retire at age 55 with 657,000?

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 $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%15.8%
1 years$54,254$53,771$53,300$52,839$52,390$51,144
2 years$26,859$26,358$25,874$25,404$24,948$23,700
3 years$17,728$17,226$16,742$16,276$15,828$14,617
4 years$13,163$12,663$12,184$11,726$11,289$10,124
5 years$10,425$9,928$9,455$9,007$8,581$7,466
6 years$8,601$8,107$7,641$7,203$6,790$5,726
7 years$7,298$6,808$6,350$5,922$5,522$4,509
8 years$6,321$5,836$5,385$4,968$4,581$3,618
9 years$5,562$5,081$4,638$4,231$3,858$2,945
10 years$4,955$4,479$4,044$3,647$3,287$2,422
11 years$4,459$3,987$3,560$3,174$2,827$2,010
12 years$4,045$3,579$3,159$2,784$2,450$1,678
13 years$3,696$3,234$2,823$2,458$2,136$1,410
14 years$3,396$2,940$2,536$2,182$1,873$1,189
15 years$3,137$2,685$2,290$1,946$1,649$1,006
16 years$2,911$2,464$2,076$1,742$1,457$855
17 years$2,711$2,269$1,889$1,566$1,292$728
18 years$2,534$2,097$1,725$1,411$1,149$621
19 years$2,375$1,943$1,579$1,275$1,024$530
20 years$2,233$1,806$1,449$1,155$915$454
21 years$2,104$1,682$1,333$1,048$819$389
22 years$1,987$1,570$1,228$953$734$334
23 years$1,881$1,468$1,134$868$659$287
24 years$1,783$1,376$1,049$791$592$246
25 years$1,694$1,291$971$723$533$212
26 years$1,611$1,213$901$661$480$182
27 years$1,535$1,142$837$605$433$157
28 years$1,464$1,076$778$554$390$135
29 years$1,399$1,015$724$508$352$116
30 years$1,337$959$674$466$318$100
31 years$1,280$906$629$428$288$87
32 years$1,227$858$586$394$260$75
33 years$1,177$812$548$362$236$64
34 years$1,130$770$512$333$213$56
35 years$1,085$730$478$307$193$48
36 years$1,043$693$447$282$175$41
37 years$1,004$658$419$260$159$36
38 years$967$625$392$240$144$31
39 years$932$595$367$221$131$27
40 years$898$566$344$204$118$23
41 years$867$539$323$188$107$20
42 years$836$513$303$174$97$17
43 years$808$489$284$160$88$15
44 years$781$466$267$148$80$13
45 years$755$444$251$137$73$11
46 years$730$424$235$126$66$9
47 years$706$404$221$117$60$8
48 years$684$386$208$108$55$7
49 years$662$369$195$100$50$6
50 years$641$352$184$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $657,000, adding $5,369 every year, while hoping to spend $28,596 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: 49/33/18 Blend
54$657,000$657,000$657,000$657,000
55$729,552$694,731$684,548$761,385
56$773,541$698,347$677,054$787,592
57$821,057$701,182$668,351$812,681
58$872,432$703,167$658,368$839,324
59$928,028$704,229$647,030$867,677
60$988,242$704,292$634,261$897,913
61$1,053,513$703,273$619,980$930,227
62$1,124,323$701,084$604,100$964,832
63$1,201,200$697,634$586,534$1,001,966
64$1,284,729$692,824$567,189$1,041,892
65$1,375,549$686,550$545,968$1,084,902
66$1,474,365$678,702$522,768$1,131,319
67$1,581,954$669,162$497,485$1,181,504
68$1,699,170$657,807$470,006$1,235,852
69$1,826,950$644,504$440,217$1,294,805
70$1,966,330$629,116$407,995$1,358,849
71$2,118,447$611,494$373,214$1,428,526
72$2,284,553$591,482$335,742$1,504,432
73$2,466,029$568,916$295,440$1,587,229
74$2,664,391$543,620$252,165$1,677,651
75$2,881,311$515,409$205,764$1,776,507
76$3,118,629$484,089$156,082$1,884,694
77$3,378,372$449,452$102,953$2,003,204
78$3,662,770$411,279$46,206$2,133,135
79$3,974,280$369,340$0$2,275,700
80$4,315,609$323,389$0$2,434,998
81$4,689,735$273,170$0$2,619,405
82$5,099,942$218,409$0$2,821,715
83$5,549,843$158,818$0$3,043,779
84$6,043,419$94,092$0$3,287,642
85$6,585,056$23,911$0$3,555,561
86$7,179,585$0$0$3,850,026
87$7,832,325$0$0$4,192,692
88$8,549,138$0$0$4,578,603
89$9,336,481$0$0$5,002,563
90$10,201,465$0$0$5,468,410
91$11,151,926$0$0$5,980,375
92$12,196,497$0$0$6,543,117
93$13,344,687$0$0$7,161,770
94$14,606,972$0$0$7,841,990
95$15,994,897$0$0$8,590,008
96$17,521,177$0$0$9,412,691
97$19,199,824$0$0$10,317,603
98$21,046,274$0$0$11,313,077
99$23,077,537$0$0$12,408,296
100$25,312,352$0$0$13,613,378