Can I retire at age 55 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,915$54,426$53,949$53,483$53,028$52,496
2 years$27,186$26,679$26,189$25,713$25,251$24,716
3 years$17,944$17,435$16,946$16,475$16,021$15,498
4 years$13,324$12,817$12,332$11,869$11,426$10,920
5 years$10,552$10,049$9,570$9,117$8,686$8,198
6 years$8,705$8,205$7,734$7,291$6,873$6,404
7 years$7,387$6,891$6,427$5,994$5,589$5,140
8 years$6,398$5,907$5,451$5,028$4,637$4,206
9 years$5,630$5,143$4,695$4,283$3,905$3,493
10 years$5,015$4,533$4,093$3,692$3,327$2,934
11 years$4,513$4,036$3,603$3,213$2,862$2,487
12 years$4,094$3,622$3,198$2,818$2,480$2,123
13 years$3,741$3,273$2,857$2,488$2,162$1,823
14 years$3,438$2,975$2,567$2,209$1,896$1,573
15 years$3,175$2,718$2,318$1,970$1,669$1,363
16 years$2,946$2,494$2,101$1,764$1,475$1,186
17 years$2,744$2,297$1,912$1,585$1,308$1,034
18 years$2,565$2,122$1,746$1,428$1,163$904
19 years$2,404$1,967$1,598$1,290$1,037$792
20 years$2,260$1,828$1,467$1,169$926$696
21 years$2,130$1,702$1,349$1,061$829$612
22 years$2,012$1,589$1,243$964$743$539
23 years$1,904$1,486$1,148$878$667$475
24 years$1,805$1,393$1,062$801$599$419
25 years$1,714$1,307$983$732$539$370
26 years$1,631$1,228$912$669$486$327
27 years$1,554$1,156$847$612$438$290
28 years$1,482$1,089$787$561$395$256
29 years$1,416$1,028$733$514$357$227
30 years$1,354$970$682$472$322$201
31 years$1,296$917$636$434$291$178
32 years$1,242$868$594$398$264$158
33 years$1,191$822$554$366$239$140
34 years$1,143$779$518$337$216$125
35 years$1,098$739$484$310$196$111
36 years$1,056$701$453$286$177$98
37 years$1,016$666$424$263$161$87
38 years$979$633$397$243$146$78
39 years$943$602$372$224$132$69
40 years$909$573$349$206$120$61
41 years$877$545$327$190$109$54
42 years$847$519$307$176$99$48
43 years$818$495$288$162$90$43
44 years$790$472$270$150$81$38
45 years$764$450$254$138$74$34
46 years$739$429$238$128$67$30
47 years$715$409$224$118$61$27
48 years$692$391$210$109$55$24
49 years$670$373$198$101$50$21
50 years$649$357$186$93$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $665,000, adding $5,421 every year, while hoping to spend $38,899 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: 57/16/27 Blend
54$665,000$665,000$665,000$665,000
55$738,422$703,177$692,869$774,776
56$772,353$696,244$674,692$793,378
57$808,441$687,668$654,602$809,099
58$846,865$677,327$632,495$825,431
59$887,821$665,092$608,259$842,445
60$931,524$650,827$581,781$860,221
61$978,209$634,387$552,940$878,849
62$1,028,133$615,619$521,611$898,430
63$1,081,579$594,361$487,661$919,078
64$1,138,857$570,441$450,955$940,920
65$1,200,306$543,678$411,347$964,100
66$1,266,299$513,881$368,690$988,778
67$1,337,246$480,846$322,825$1,015,134
68$1,413,596$444,358$273,591$1,043,367
69$1,495,842$404,190$220,815$1,073,702
70$1,584,526$360,104$164,321$1,106,390
71$1,680,243$311,844$103,921$1,141,711
72$1,783,648$259,144$39,422$1,179,976
73$1,895,458$201,720$0$1,221,532
74$2,016,464$139,274$0$1,275,240
75$2,147,534$71,489$0$1,345,729
76$2,289,623$0$0$1,422,172
77$2,443,781$0$0$1,505,517
78$2,611,162$0$0$1,609,726
79$2,793,037$0$0$1,723,010
80$2,990,803$0$0$1,846,245
81$3,205,996$0$0$1,980,396
82$3,440,309$0$0$2,126,524
83$3,695,601$0$0$2,285,798
84$3,973,921$0$0$2,459,501
85$4,277,522$0$0$2,649,050
86$4,608,886$0$0$2,856,002
87$4,970,744$0$0$3,082,070
88$5,366,101$0$0$3,329,141
89$5,798,268$0$0$3,599,295
90$6,270,887$0$0$3,894,817
91$6,787,971$0$0$4,218,226
92$7,353,938$0$0$4,572,297
93$7,973,651$0$0$4,960,083
94$8,652,468$0$0$5,384,948
95$9,396,288$0$0$5,850,595
96$10,211,607$0$0$6,361,105
97$11,105,581$0$0$6,920,969
98$12,086,091$0$0$7,535,138
99$13,161,816$0$0$8,209,060
100$14,342,318$0$0$8,948,741