Can I retire at age 55 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$54,998$54,508$54,030$53,563$53,108$51,532
2 years$27,227$26,719$26,228$25,752$25,289$23,715
3 years$17,971$17,461$16,971$16,499$16,045$14,520
4 years$13,344$12,836$12,351$11,887$11,443$9,981
5 years$10,568$10,064$9,585$9,130$8,699$7,303
6 years$8,719$8,218$7,746$7,302$6,883$5,555
7 years$7,398$6,901$6,437$6,003$5,598$4,337
8 years$6,408$5,916$5,459$5,036$4,644$3,450
9 years$5,638$5,151$4,702$4,289$3,911$2,782
10 years$5,023$4,540$4,099$3,697$3,332$2,268
11 years$4,520$4,042$3,609$3,218$2,866$1,863
12 years$4,101$3,628$3,203$2,823$2,483$1,541
13 years$3,746$3,278$2,861$2,492$2,166$1,281
14 years$3,443$2,980$2,571$2,212$1,898$1,069
15 years$3,180$2,722$2,321$1,973$1,672$896
16 years$2,951$2,498$2,105$1,766$1,477$753
17 years$2,748$2,300$1,915$1,587$1,310$634
18 years$2,569$2,125$1,748$1,430$1,165$535
19 years$2,408$1,970$1,600$1,292$1,038$452
20 years$2,264$1,830$1,469$1,170$927$382
21 years$2,133$1,705$1,351$1,062$830$324
22 years$2,015$1,592$1,245$966$744$275
23 years$1,907$1,489$1,150$880$668$233
24 years$1,808$1,395$1,063$802$600$198
25 years$1,717$1,309$985$733$540$168
26 years$1,633$1,230$913$670$486$143
27 years$1,556$1,158$848$613$439$122
28 years$1,484$1,091$788$562$396$103
29 years$1,418$1,029$734$515$357$88
30 years$1,356$972$683$473$323$75
31 years$1,298$919$637$434$292$64
32 years$1,244$869$594$399$264$54
33 years$1,193$823$555$367$239$46
34 years$1,145$780$519$338$216$39
35 years$1,100$740$485$311$196$34
36 years$1,058$702$454$286$178$29
37 years$1,018$667$425$264$161$24
38 years$980$634$398$243$146$21
39 years$944$603$372$224$132$18
40 years$911$574$349$207$120$15
41 years$878$546$327$191$109$13
42 years$848$520$307$176$99$11
43 years$819$495$288$163$90$9
44 years$791$472$270$150$81$8
45 years$765$450$254$139$74$7
46 years$740$430$239$128$67$6
47 years$716$410$224$118$61$5
48 years$693$391$211$109$55$4
49 years$671$374$198$101$50$4
50 years$650$357$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $666,000, adding $3,286 every year, while hoping to spend $37,730 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: 55/31/14 Blend
54$666,000$666,000$666,000$666,000
55$737,322$702,024$691,701$775,006
56$772,384$696,278$674,728$795,241
57$809,758$688,987$655,922$812,898
58$849,640$680,034$635,183$831,257
59$892,244$669,297$612,402$850,394
60$937,807$656,646$587,471$870,393
61$986,585$641,943$560,273$891,350
62$1,038,861$625,043$530,687$913,371
63$1,094,947$605,792$498,587$936,575
64$1,155,183$584,027$463,841$961,098
65$1,219,941$559,574$426,309$987,089
66$1,289,634$532,252$385,849$1,014,718
67$1,364,710$501,866$342,309$1,044,172
68$1,445,666$468,213$295,532$1,075,662
69$1,533,045$431,076$245,353$1,109,425
70$1,627,443$390,227$191,600$1,145,723
71$1,729,519$345,424$134,095$1,184,849
72$1,839,992$296,412$72,650$1,227,131
73$1,959,657$242,922$7,069$1,272,934
74$2,089,385$184,668$0$1,322,665
75$2,230,135$121,350$0$1,386,174
76$2,382,962$52,649$0$1,456,305
77$2,549,026$0$0$1,532,595
78$2,729,603$0$0$1,623,128
79$2,926,098$0$0$1,741,238
80$3,140,054$0$0$1,869,900
81$3,373,172$0$0$2,010,144
82$3,627,321$0$0$2,163,103
83$3,904,562$0$0$2,330,023
84$4,207,160$0$0$2,512,277
85$4,537,610$0$0$2,711,375
86$4,898,657$0$0$2,928,981
87$5,293,324$0$0$3,166,926
88$5,724,940$0$0$3,427,226
89$6,197,169$0$0$3,712,100
90$6,714,047$0$0$4,023,993
91$7,280,016$0$0$4,365,598
92$7,899,970$0$0$4,739,877
93$8,579,297$0$0$5,150,096
94$9,323,932$0$0$5,599,850
95$10,140,410$0$0$6,093,098
96$11,035,931$0$0$6,634,204
97$12,018,422$0$0$7,227,969
98$13,096,617$0$0$7,879,687
99$14,280,136$0$0$8,595,185
100$15,579,575$0$0$9,380,885