Can I retire at age 55 with 660,000?

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 $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%11.2%
1 years$54,502$54,017$53,543$53,081$52,629$52,364
2 years$26,981$26,479$25,992$25,520$25,062$24,793
3 years$17,809$17,304$16,818$16,351$15,900$15,638
4 years$13,224$12,720$12,239$11,780$11,340$11,086
5 years$10,473$9,973$9,498$9,048$8,621$8,375
6 years$8,640$8,144$7,676$7,236$6,821$6,584
7 years$7,331$6,839$6,379$5,949$5,547$5,320
8 years$6,350$5,862$5,410$4,990$4,602$4,383
9 years$5,587$5,104$4,659$4,251$3,876$3,666
10 years$4,977$4,499$4,062$3,664$3,302$3,101
11 years$4,479$4,005$3,576$3,189$2,840$2,648
12 years$4,064$3,595$3,174$2,797$2,461$2,278
13 years$3,713$3,249$2,836$2,469$2,146$1,971
14 years$3,412$2,953$2,548$2,192$1,881$1,715
15 years$3,152$2,698$2,300$1,955$1,656$1,498
16 years$2,924$2,475$2,086$1,750$1,464$1,313
17 years$2,723$2,279$1,898$1,573$1,298$1,155
18 years$2,545$2,106$1,732$1,417$1,154$1,018
19 years$2,386$1,952$1,586$1,281$1,029$900
20 years$2,243$1,814$1,456$1,160$919$797
21 years$2,114$1,690$1,339$1,053$822$707
22 years$1,996$1,577$1,234$957$737$628
23 years$1,889$1,475$1,139$872$662$559
24 years$1,792$1,382$1,054$795$595$498
25 years$1,702$1,297$976$726$535$444
26 years$1,619$1,219$905$664$482$396
27 years$1,542$1,147$840$608$435$354
28 years$1,471$1,081$781$557$392$316
29 years$1,405$1,020$727$511$354$283
30 years$1,343$963$677$469$320$253
31 years$1,286$910$631$430$289$227
32 years$1,232$861$589$395$262$203
33 years$1,182$816$550$364$237$182
34 years$1,135$773$514$335$214$163
35 years$1,090$733$480$308$194$146
36 years$1,048$696$449$284$176$131
37 years$1,009$661$421$261$159$118
38 years$971$628$394$241$145$106
39 years$936$597$369$222$131$95
40 years$902$568$346$205$119$85
41 years$871$541$324$189$108$76
42 years$840$515$304$174$98$69
43 years$812$491$286$161$89$62
44 years$784$468$268$149$81$55
45 years$758$446$252$137$73$50
46 years$733$426$236$127$66$45
47 years$710$406$222$117$60$40
48 years$687$388$209$108$55$36
49 years$665$370$196$100$50$32
50 years$644$354$184$93$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $660,000, adding $3,746 every year, while hoping to spend $36,786 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: 72/22/6 Blend
54$660,000$660,000$660,000$660,000
55$731,184$696,204$685,974$783,025
56$766,625$691,178$669,814$812,691
57$804,448$684,673$651,880$840,194
58$844,857$676,577$632,073$869,269
59$888,075$666,773$610,291$900,061
60$934,349$655,135$586,426$932,727
61$983,948$641,531$560,366$967,446
62$1,037,165$625,821$531,993$1,004,410
63$1,094,326$607,856$501,185$1,043,835
64$1,155,785$587,479$467,813$1,085,959
65$1,221,933$564,524$431,742$1,131,046
66$1,293,199$538,813$392,834$1,179,385
67$1,370,052$510,162$350,941$1,231,298
68$1,453,009$478,373$305,910$1,287,141
69$1,542,640$443,237$257,581$1,347,306
70$1,639,568$404,534$205,789$1,412,228
71$1,744,480$362,032$150,358$1,482,387
72$1,858,129$315,483$91,108$1,558,314
73$1,981,345$264,629$27,847$1,640,594
74$2,115,040$209,194$0$1,729,877
75$2,260,218$148,888$0$1,829,417
76$2,417,981$83,405$0$1,939,534
77$2,589,544$12,420$0$2,059,332
78$2,776,241$0$0$2,189,792
79$2,979,542$0$0$2,347,589
80$3,201,064$0$0$2,522,833
81$3,442,586$0$0$2,713,930
82$3,706,066$0$0$2,922,433
83$3,993,659$0$0$3,150,050
84$4,307,738$0$0$3,398,665
85$4,650,916$0$0$3,670,349
86$5,026,066$0$0$3,967,383
87$5,436,357$0$0$4,292,277
88$5,885,272$0$0$4,647,799
89$6,376,650$0$0$5,036,991
90$6,914,718$0$0$5,463,206
91$7,504,129$0$0$5,930,138
92$8,150,010$0$0$6,441,852
93$8,858,006$0$0$7,002,826
94$9,634,333$0$0$7,617,993
95$10,485,839$0$0$8,292,784
96$11,420,065$0$0$9,033,183
97$12,445,320$0$0$9,845,781
98$13,570,754$0$0$10,737,837
99$14,806,447$0$0$11,717,348
100$16,163,501$0$0$12,793,123