Can I retire at age 55 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$54,585$54,099$53,624$53,161$52,709$52,421
2 years$27,022$26,519$26,031$25,558$25,100$24,809
3 years$17,836$17,330$16,844$16,375$15,924$15,640
4 years$13,244$12,740$12,258$11,798$11,357$11,081
5 years$10,489$9,988$9,513$9,062$8,634$8,367
6 years$8,653$8,156$7,688$7,247$6,831$6,575
7 years$7,342$6,849$6,389$5,958$5,556$5,309
8 years$6,360$5,871$5,418$4,998$4,609$4,372
9 years$5,596$5,112$4,666$4,257$3,882$3,654
10 years$4,985$4,506$4,068$3,670$3,307$3,090
11 years$4,486$4,011$3,582$3,194$2,844$2,637
12 years$4,070$3,600$3,179$2,801$2,465$2,266
13 years$3,718$3,254$2,840$2,473$2,149$1,960
14 years$3,417$2,958$2,552$2,195$1,884$1,704
15 years$3,156$2,702$2,304$1,958$1,659$1,487
16 years$2,928$2,479$2,089$1,753$1,466$1,303
17 years$2,728$2,283$1,901$1,575$1,300$1,145
18 years$2,549$2,109$1,735$1,420$1,156$1,009
19 years$2,390$1,955$1,588$1,283$1,030$891
20 years$2,247$1,817$1,458$1,162$920$789
21 years$2,117$1,692$1,341$1,054$824$699
22 years$2,000$1,580$1,236$959$738$621
23 years$1,892$1,477$1,141$873$663$552
24 years$1,794$1,384$1,055$796$596$491
25 years$1,704$1,299$977$727$536$438
26 years$1,621$1,221$906$665$483$390
27 years$1,544$1,149$842$609$435$348
28 years$1,473$1,083$783$558$393$311
29 years$1,407$1,021$728$511$355$278
30 years$1,346$965$678$469$320$249
31 years$1,288$912$632$431$290$222
32 years$1,234$863$590$396$262$199
33 years$1,184$817$551$364$237$178
34 years$1,136$774$515$335$215$160
35 years$1,092$735$481$309$194$143
36 years$1,050$697$450$284$176$128
37 years$1,010$662$421$262$160$115
38 years$973$629$395$241$145$103
39 years$937$598$370$222$131$92
40 years$904$569$346$205$119$83
41 years$872$542$325$189$108$74
42 years$842$516$305$175$98$67
43 years$813$492$286$161$89$60
44 years$785$469$268$149$81$54
45 years$759$447$252$138$73$48
46 years$734$426$237$127$67$43
47 years$711$407$222$117$60$39
48 years$688$388$209$108$55$35
49 years$666$371$196$100$50$31
50 years$645$354$185$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $661,000, adding $6,191 every year, while hoping to spend $43,076 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: 46/30/24 Blend
54$661,000$661,000$661,000$661,000
55$734,808$699,775$689,530$763,294
56$763,926$688,231$666,796$772,421
57$794,570$674,679$641,858$777,604
58$826,851$658,972$614,594$782,367
59$860,888$640,960$584,882$786,690
60$896,813$620,481$552,589$790,556
61$934,767$597,365$517,580$793,952
62$974,907$571,429$479,713$796,862
63$1,017,402$542,484$438,838$799,277
64$1,062,438$510,326$394,800$801,189
65$1,110,217$474,743$347,436$802,591
66$1,160,961$435,507$296,577$803,485
67$1,214,912$392,380$242,046$803,873
68$1,272,336$345,110$183,657$803,765
69$1,333,522$293,428$121,218$803,176
70$1,398,789$237,053$54,526$802,128
71$1,468,484$175,687$0$800,652
72$1,542,989$109,016$0$803,051
73$1,622,722$36,706$0$820,290
74$1,708,142$0$0$838,514
75$1,799,752$0$0$871,591
76$1,898,103$0$0$920,164
77$2,003,802$0$0$972,422
78$2,117,513$0$0$1,028,698
79$2,239,966$0$0$1,089,364
80$2,371,962$0$0$1,154,823
81$2,514,384$0$0$1,225,521
82$2,668,198$0$0$1,301,946
83$2,834,467$0$0$1,384,637
84$3,014,360$0$0$1,474,184
85$3,209,161$0$0$1,571,236
86$3,420,284$0$0$1,676,508
87$3,649,280$0$0$1,790,786
88$3,897,858$0$0$1,914,933
89$4,167,896$0$0$2,049,901
90$4,461,460$0$0$2,196,733
91$4,780,824$0$0$2,356,582
92$5,128,488$0$0$2,530,712
93$5,507,204$0$0$2,720,516
94$5,920,001$0$0$2,927,529
95$6,370,212$0$0$3,153,436
96$6,861,505$0$0$3,400,096
97$7,397,918$0$0$3,669,554
98$7,983,896$0$0$3,964,059
99$8,624,333$0$0$4,286,090
100$9,324,616$0$0$4,638,376