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%
1 years$54,585$54,099$53,624$53,161$52,709$52,487
2 years$27,022$26,519$26,031$25,558$25,100$24,875
3 years$17,836$17,330$16,844$16,375$15,924$15,705
4 years$13,244$12,740$12,258$11,798$11,357$11,144
5 years$10,489$9,988$9,513$9,062$8,634$8,428
6 years$8,653$8,156$7,688$7,247$6,831$6,633
7 years$7,342$6,849$6,389$5,958$5,556$5,365
8 years$6,360$5,871$5,418$4,998$4,609$4,426
9 years$5,596$5,112$4,666$4,257$3,882$3,706
10 years$4,985$4,506$4,068$3,670$3,307$3,139
11 years$4,486$4,011$3,582$3,194$2,844$2,683
12 years$4,070$3,600$3,179$2,801$2,465$2,311
13 years$3,718$3,254$2,840$2,473$2,149$2,002
14 years$3,417$2,958$2,552$2,195$1,884$1,744
15 years$3,156$2,702$2,304$1,958$1,659$1,526
16 years$2,928$2,479$2,089$1,753$1,466$1,339
17 years$2,728$2,283$1,901$1,575$1,300$1,179
18 years$2,549$2,109$1,735$1,420$1,156$1,041
19 years$2,390$1,955$1,588$1,283$1,030$922
20 years$2,247$1,817$1,458$1,162$920$818
21 years$2,117$1,692$1,341$1,054$824$726
22 years$2,000$1,580$1,236$959$738$646
23 years$1,892$1,477$1,141$873$663$576
24 years$1,794$1,384$1,055$796$596$514
25 years$1,704$1,299$977$727$536$459
26 years$1,621$1,221$906$665$483$410
27 years$1,544$1,149$842$609$435$367
28 years$1,473$1,083$783$558$393$328
29 years$1,407$1,021$728$511$355$294
30 years$1,346$965$678$469$320$264
31 years$1,288$912$632$431$290$237
32 years$1,234$863$590$396$262$212
33 years$1,184$817$551$364$237$190
34 years$1,136$774$515$335$215$171
35 years$1,092$735$481$309$194$154
36 years$1,050$697$450$284$176$138
37 years$1,010$662$421$262$160$124
38 years$973$629$395$241$145$112
39 years$937$598$370$222$131$100
40 years$904$569$346$205$119$90
41 years$872$542$325$189$108$81
42 years$842$516$305$175$98$73
43 years$813$492$286$161$89$66
44 years$785$469$268$149$81$59
45 years$759$447$252$138$73$53
46 years$734$426$237$127$67$48
47 years$711$407$222$117$60$43
48 years$688$388$209$108$55$39
49 years$666$371$196$100$50$35
50 years$645$354$185$93$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $661,000, adding $4,214 every year, while hoping to spend $26,195 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: 40/41/19 Blend
54$661,000$661,000$661,000$661,000
55$732,769$697,736$687,490$757,800
56$779,640$704,054$682,650$782,395
57$830,414$709,803$676,769$806,153
58$885,461$714,928$669,786$831,312
59$945,189$719,371$661,635$858,013
60$1,010,046$723,068$652,248$886,413
61$1,080,525$725,952$641,551$916,687
62$1,157,166$727,952$629,472$949,028
63$1,240,568$728,992$615,930$983,651
64$1,331,386$728,993$600,844$1,020,795
65$1,430,343$727,868$584,127$1,060,724
66$1,538,232$725,528$565,689$1,103,733
67$1,655,929$721,876$545,437$1,150,146
68$1,784,395$716,810$523,271$1,200,326
69$1,924,692$710,222$499,089$1,254,673
70$2,077,985$701,998$472,783$1,313,630
71$2,245,559$692,015$444,241$1,377,689
72$2,428,827$680,145$413,344$1,447,396
73$2,629,347$666,251$379,970$1,523,352
74$2,848,832$650,189$343,991$1,606,228
75$3,089,170$631,805$305,272$1,696,763
76$3,352,440$610,939$263,673$1,795,776
77$3,640,931$587,417$219,049$1,904,173
78$3,957,164$561,059$171,245$2,022,959
79$4,303,916$531,672$120,103$2,153,243
80$4,684,246$499,053$65,456$2,296,253
81$5,101,520$462,989$7,131$2,453,347
82$5,559,451$423,250$0$2,626,029
83$6,062,123$379,598$0$2,827,132
84$6,614,040$331,779$0$3,049,589
85$7,220,161$279,525$0$3,294,022
86$7,885,948$222,552$0$3,562,719
87$8,617,418$160,561$0$3,858,202
88$9,421,203$93,236$0$4,183,258
89$10,304,605$20,244$0$4,540,963
90$11,275,671$0$0$4,934,711
91$12,343,265$0$0$5,394,764
92$13,517,155$0$0$5,910,761
93$14,808,100$0$0$6,478,310
94$16,227,955$0$0$7,102,636
95$17,789,783$0$0$7,789,494
96$19,507,974$0$0$8,545,227
97$21,398,386$0$0$9,376,823
98$23,478,488$0$0$10,291,981
99$25,767,531$0$0$11,299,185
100$28,286,724$0$0$12,407,782