Can I retire at age 55 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$54,750$54,262$53,786$53,322$52,869$51,844
2 years$27,104$26,599$26,110$25,636$25,176$24,147
3 years$17,890$17,383$16,895$16,425$15,972$14,972
4 years$13,284$12,778$12,295$11,833$11,392$10,428
5 years$10,521$10,018$9,542$9,089$8,660$7,735
6 years$8,679$8,181$7,711$7,269$6,852$5,967
7 years$7,365$6,870$6,408$5,976$5,573$4,728
8 years$6,379$5,889$5,434$5,013$4,623$3,819
9 years$5,613$5,127$4,681$4,270$3,893$3,128
10 years$5,000$4,520$4,081$3,681$3,317$2,591
11 years$4,499$4,023$3,593$3,203$2,853$2,165
12 years$4,082$3,611$3,188$2,810$2,472$1,821
13 years$3,729$3,264$2,849$2,481$2,156$1,540
14 years$3,427$2,966$2,559$2,202$1,890$1,309
15 years$3,166$2,710$2,311$1,964$1,664$1,117
16 years$2,937$2,486$2,095$1,758$1,471$956
17 years$2,736$2,290$1,906$1,580$1,304$820
18 years$2,557$2,116$1,740$1,424$1,159$705
19 years$2,397$1,961$1,593$1,287$1,033$608
20 years$2,253$1,822$1,462$1,165$923$524
21 years$2,123$1,697$1,345$1,057$826$453
22 years$2,006$1,584$1,240$962$740$392
23 years$1,898$1,482$1,144$876$665$340
24 years$1,800$1,388$1,058$799$597$294
25 years$1,709$1,303$980$729$538$255
26 years$1,626$1,225$909$667$484$222
27 years$1,549$1,152$844$610$437$193
28 years$1,478$1,086$785$559$394$167
29 years$1,411$1,024$730$513$356$146
30 years$1,350$968$680$471$321$127
31 years$1,292$915$634$432$291$110
32 years$1,238$865$592$397$263$96
33 years$1,187$820$553$365$238$83
34 years$1,140$777$516$336$215$73
35 years$1,095$737$483$309$195$63
36 years$1,053$699$452$285$177$55
37 years$1,013$664$423$263$160$48
38 years$976$631$396$242$145$42
39 years$940$600$371$223$132$36
40 years$906$571$348$206$119$32
41 years$874$544$326$190$108$28
42 years$844$518$306$175$98$24
43 years$815$493$287$162$89$21
44 years$788$470$269$149$81$18
45 years$762$448$253$138$74$16
46 years$737$428$237$127$67$14
47 years$713$408$223$118$61$12
48 years$690$390$210$109$55$11
49 years$668$372$197$101$50$9
50 years$647$355$185$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $663,000, adding $6,737 every year, while hoping to spend $39,505 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: 44/36/20 Blend
54$663,000$663,000$663,000$663,000
55$737,575$702,436$692,160$765,492
56$770,775$694,823$673,314$778,210
57$806,037$685,512$652,513$787,583
58$843,530$674,379$629,649$796,928
59$883,438$661,292$604,611$806,258
60$925,964$646,111$577,281$815,597
61$971,329$628,687$547,536$824,968
62$1,019,775$608,862$515,249$834,406
63$1,071,567$586,472$480,285$843,947
64$1,126,997$561,339$442,505$853,637
65$1,186,385$533,279$401,762$863,532
66$1,250,079$502,092$357,904$873,695
67$1,318,465$467,572$310,772$884,200
68$1,391,963$429,499$260,198$895,135
69$1,471,038$387,638$206,009$906,601
70$1,556,196$341,745$148,023$918,713
71$1,647,997$291,560$86,050$931,605
72$1,747,053$236,806$19,893$945,429
73$1,854,038$177,196$0$960,361
74$1,969,692$112,421$0$987,420
75$2,094,829$42,158$0$1,021,244
76$2,230,344$0$0$1,057,889
77$2,377,218$0$0$1,111,137
78$2,536,535$0$0$1,187,078
79$2,709,482$0$0$1,269,587
80$2,897,368$0$0$1,359,297
81$3,101,631$0$0$1,456,904
82$3,323,853$0$0$1,563,175
83$3,565,777$0$0$1,678,951
84$3,829,319$0$0$1,805,162
85$4,116,586$0$0$1,942,826
86$4,429,900$0$0$2,093,069
87$4,771,814$0$0$2,257,127
88$5,145,141$0$0$2,436,362
89$5,552,975$0$0$2,632,273
90$5,998,724$0$0$2,846,510
91$6,486,139$0$0$3,080,889
92$7,019,349$0$0$3,337,413
93$7,602,903$0$0$3,618,284
94$8,241,808$0$0$3,925,927
95$8,941,579$0$0$4,263,016
96$9,708,289$0$0$4,632,492
97$10,548,625$0$0$5,037,596
98$11,469,953$0$0$5,481,897
99$12,480,386$0$0$5,969,327
100$13,588,858$0$0$6,504,215