Can I retire at age 55 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$54,667$54,180$53,705$53,242$52,789$52,325
2 years$27,063$26,559$26,071$25,597$25,138$24,670
3 years$17,863$17,357$16,869$16,400$15,948$15,491
4 years$13,264$12,759$12,277$11,815$11,374$10,932
5 years$10,505$10,003$9,527$9,075$8,647$8,220
6 years$8,666$8,168$7,699$7,258$6,842$6,431
7 years$7,353$6,860$6,398$5,967$5,564$5,170
8 years$6,369$5,880$5,426$5,005$4,616$4,239
9 years$5,604$5,120$4,674$4,264$3,887$3,526
10 years$4,993$4,513$4,075$3,675$3,312$2,967
11 years$4,492$4,017$3,587$3,199$2,849$2,520
12 years$4,076$3,606$3,183$2,806$2,469$2,155
13 years$3,724$3,259$2,844$2,477$2,153$1,854
14 years$3,422$2,962$2,556$2,199$1,887$1,603
15 years$3,161$2,706$2,307$1,961$1,661$1,392
16 years$2,933$2,483$2,092$1,756$1,468$1,213
17 years$2,732$2,286$1,904$1,578$1,302$1,060
18 years$2,553$2,113$1,738$1,422$1,158$929
19 years$2,393$1,958$1,591$1,285$1,032$816
20 years$2,250$1,819$1,460$1,163$922$718
21 years$2,120$1,695$1,343$1,056$825$633
22 years$2,003$1,582$1,238$960$739$558
23 years$1,895$1,480$1,143$874$664$493
24 years$1,797$1,386$1,057$797$597$436
25 years$1,707$1,301$979$728$537$386
26 years$1,624$1,223$908$666$483$342
27 years$1,547$1,151$843$610$436$304
28 years$1,475$1,084$784$558$393$270
29 years$1,409$1,023$729$512$355$239
30 years$1,348$966$679$470$321$213
31 years$1,290$913$633$432$290$189
32 years$1,236$864$591$397$262$168
33 years$1,186$818$552$365$238$150
34 years$1,138$776$515$336$215$133
35 years$1,093$736$482$309$195$118
36 years$1,051$698$451$285$176$105
37 years$1,012$663$422$262$160$94
38 years$974$630$395$242$145$84
39 years$939$599$370$223$131$74
40 years$905$570$347$206$119$66
41 years$873$543$325$190$108$59
42 years$843$517$305$175$98$53
43 years$814$492$286$162$89$47
44 years$787$469$269$149$81$42
45 years$760$448$252$138$73$37
46 years$735$427$237$127$67$33
47 years$712$408$223$118$61$30
48 years$689$389$209$109$55$26
49 years$667$372$197$100$50$24
50 years$646$355$185$93$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $662,000, adding $6,410 every year, while hoping to spend $39,424 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: 58/24/18 Blend
54$662,000$662,000$662,000$662,000
55$736,136$701,050$690,789$775,004
56$769,275$693,455$671,984$794,511
57$804,473$684,166$651,227$810,910
58$841,898$673,059$628,412$827,895
59$881,735$660,002$603,427$845,529
60$924,184$644,854$576,154$863,886
61$969,468$627,469$546,472$883,046
62$1,017,828$607,689$514,253$903,101
63$1,069,529$585,349$479,363$924,154
64$1,124,862$560,272$441,663$946,320
65$1,184,145$532,272$401,006$969,729
66$1,247,728$501,154$357,240$994,527
67$1,315,995$466,709$310,206$1,020,878
68$1,389,367$428,719$259,739$1,048,964
69$1,468,306$386,949$205,663$1,078,991
70$1,553,319$341,155$147,799$1,111,186
71$1,644,963$291,078$85,956$1,145,807
72$1,743,851$236,443$19,937$1,183,137
73$1,850,656$176,960$0$1,223,498
74$1,966,116$112,324$0$1,276,945
75$2,091,043$42,212$0$1,338,890
76$2,226,332$0$0$1,405,985
77$2,372,963$0$0$1,487,671
78$2,532,016$0$0$1,588,417
79$2,704,678$0$0$1,697,833
80$2,892,255$0$0$1,816,751
81$3,096,183$0$0$1,946,091
82$3,318,043$0$0$2,086,860
83$3,559,574$0$0$2,240,168
84$3,822,688$0$0$2,407,239
85$4,109,491$0$0$2,589,415
86$4,422,299$0$0$2,788,178
87$4,763,664$0$0$3,005,156
88$5,136,392$0$0$3,242,142
89$5,543,574$0$0$3,501,110
90$5,988,611$0$0$3,784,233
91$6,475,249$0$0$4,093,904
92$7,007,612$0$0$4,432,757
93$7,590,240$0$0$4,803,694
94$8,228,134$0$0$5,209,908
95$8,926,799$0$0$5,654,917
96$9,692,299$0$0$6,142,596
97$10,531,311$0$0$6,677,211
98$11,451,191$0$0$7,263,460
99$12,460,037$0$0$7,906,520
100$13,566,771$0$0$8,612,091