Can I retire at age 55 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$54,502$54,017$53,543$53,081$52,629$51,886
2 years$26,981$26,479$25,992$25,520$25,062$24,314
3 years$17,809$17,304$16,818$16,351$15,900$15,171
4 years$13,224$12,720$12,239$11,780$11,340$10,636
5 years$10,473$9,973$9,498$9,048$8,621$7,943
6 years$8,640$8,144$7,676$7,236$6,821$6,172
7 years$7,331$6,839$6,379$5,949$5,547$4,926
8 years$6,350$5,862$5,410$4,990$4,602$4,008
9 years$5,587$5,104$4,659$4,251$3,876$3,309
10 years$4,977$4,499$4,062$3,664$3,302$2,763
11 years$4,479$4,005$3,576$3,189$2,840$2,327
12 years$4,064$3,595$3,174$2,797$2,461$1,974
13 years$3,713$3,249$2,836$2,469$2,146$1,684
14 years$3,412$2,953$2,548$2,192$1,881$1,444
15 years$3,152$2,698$2,300$1,955$1,656$1,243
16 years$2,924$2,475$2,086$1,750$1,464$1,073
17 years$2,723$2,279$1,898$1,573$1,298$929
18 years$2,545$2,106$1,732$1,417$1,154$807
19 years$2,386$1,952$1,586$1,281$1,029$702
20 years$2,243$1,814$1,456$1,160$919$612
21 years$2,114$1,690$1,339$1,053$822$534
22 years$1,996$1,577$1,234$957$737$467
23 years$1,889$1,475$1,139$872$662$408
24 years$1,792$1,382$1,054$795$595$357
25 years$1,702$1,297$976$726$535$313
26 years$1,619$1,219$905$664$482$275
27 years$1,542$1,147$840$608$435$241
28 years$1,471$1,081$781$557$392$212
29 years$1,405$1,020$727$511$354$186
30 years$1,343$963$677$469$320$164
31 years$1,286$910$631$430$289$144
32 years$1,232$861$589$395$262$127
33 years$1,182$816$550$364$237$111
34 years$1,135$773$514$335$214$98
35 years$1,090$733$480$308$194$86
36 years$1,048$696$449$284$176$76
37 years$1,009$661$421$261$159$67
38 years$971$628$394$241$145$59
39 years$936$597$369$222$131$52
40 years$902$568$346$205$119$46
41 years$871$541$324$189$108$40
42 years$840$515$304$174$98$36
43 years$812$491$286$161$89$31
44 years$784$468$268$149$81$28
45 years$758$446$252$137$73$24
46 years$733$426$236$127$66$21
47 years$710$406$222$117$60$19
48 years$687$388$209$108$55$17
49 years$665$370$196$100$50$15
50 years$644$354$184$93$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $660,000, adding $4,881 every year, while hoping to spend $32,873 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$660,000$660,000$660,000$660,000
55$732,355$697,375$687,145$747,041
56$772,078$696,569$675,187$758,211
57$814,752$694,623$661,728$767,007
58$860,642$691,445$646,681$775,780
59$910,040$686,938$629,958$784,550
60$963,268$681,002$611,465$793,342
61$1,020,678$673,528$591,105$802,186
62$1,082,657$664,400$568,777$811,118
63$1,149,630$653,499$544,374$820,183
64$1,222,066$640,694$517,784$829,433
65$1,300,479$625,850$488,892$838,929
66$1,385,433$608,822$457,575$848,743
67$1,477,550$589,457$423,707$858,958
68$1,577,514$567,593$387,154$869,672
69$1,686,075$543,060$347,779$880,996
70$1,804,060$515,676$305,435$893,059
71$1,932,379$485,249$259,972$906,007
72$2,072,032$451,577$211,232$920,009
73$2,224,121$414,445$159,049$935,256
74$2,389,855$373,627$103,251$951,966
75$2,570,569$328,884$43,659$970,386
76$2,767,730$279,962$0$990,794
77$2,982,953$226,594$0$1,018,827
78$3,218,015$168,498$0$1,062,295
79$3,474,873$105,375$0$1,109,998
80$3,755,683$36,911$0$1,162,443
81$4,062,816$0$0$1,220,200
82$4,398,884$0$0$1,303,153
83$4,766,764$0$0$1,414,960
84$5,169,621$0$0$1,537,505
85$5,610,945$0$0$1,671,865
86$6,094,576$0$0$1,819,221
87$6,624,743$0$0$1,980,878
88$7,206,105$0$0$2,158,271
89$7,843,795$0$0$2,352,981
90$8,543,462$0$0$2,566,750
91$9,311,333$0$0$2,801,498
92$10,154,265$0$0$3,059,337
93$11,079,810$0$0$3,342,597
94$12,096,291$0$0$3,653,842
95$13,212,872$0$0$3,995,899
96$14,439,651$0$0$4,371,880
97$15,787,753$0$0$4,785,217
98$17,269,431$0$0$5,239,686
99$18,898,187$0$0$5,739,453
100$20,688,896$0$0$6,289,103