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%13.2%
1 years$54,998$54,508$54,030$53,563$53,108$52,401
2 years$27,227$26,719$26,228$25,752$25,289$24,578
3 years$17,971$17,461$16,971$16,499$16,045$15,351
4 years$13,344$12,836$12,351$11,887$11,443$10,773
5 years$10,568$10,064$9,585$9,130$8,699$8,054
6 years$8,719$8,218$7,746$7,302$6,883$6,264
7 years$7,398$6,901$6,437$6,003$5,598$5,005
8 years$6,408$5,916$5,459$5,036$4,644$4,078
9 years$5,638$5,151$4,702$4,289$3,911$3,370
10 years$5,023$4,540$4,099$3,697$3,332$2,817
11 years$4,520$4,042$3,609$3,218$2,866$2,376
12 years$4,101$3,628$3,203$2,823$2,483$2,018
13 years$3,746$3,278$2,861$2,492$2,166$1,724
14 years$3,443$2,980$2,571$2,212$1,898$1,480
15 years$3,180$2,722$2,321$1,973$1,672$1,276
16 years$2,951$2,498$2,105$1,766$1,477$1,103
17 years$2,748$2,300$1,915$1,587$1,310$957
18 years$2,569$2,125$1,748$1,430$1,165$832
19 years$2,408$1,970$1,600$1,292$1,038$725
20 years$2,264$1,830$1,469$1,170$927$632
21 years$2,133$1,705$1,351$1,062$830$553
22 years$2,015$1,592$1,245$966$744$484
23 years$1,907$1,489$1,150$880$668$424
24 years$1,808$1,395$1,063$802$600$372
25 years$1,717$1,309$985$733$540$326
26 years$1,633$1,230$913$670$486$287
27 years$1,556$1,158$848$613$439$252
28 years$1,484$1,091$788$562$396$222
29 years$1,418$1,029$734$515$357$195
30 years$1,356$972$683$473$323$172
31 years$1,298$919$637$434$292$151
32 years$1,244$869$594$399$264$133
33 years$1,193$823$555$367$239$118
34 years$1,145$780$519$338$216$104
35 years$1,100$740$485$311$196$91
36 years$1,058$702$454$286$178$81
37 years$1,018$667$425$264$161$71
38 years$980$634$398$243$146$63
39 years$944$603$372$224$132$55
40 years$911$574$349$207$120$49
41 years$878$546$327$191$109$43
42 years$848$520$307$176$99$38
43 years$819$495$288$163$90$34
44 years$791$472$270$150$81$30
45 years$765$450$254$139$74$26
46 years$740$430$239$128$67$23
47 years$716$410$224$118$61$20
48 years$693$391$211$109$55$18
49 years$671$374$198$101$50$16
50 years$650$357$186$93$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $666,000, adding $4,463 every year, while hoping to spend $38,013 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: 69/22/9 Blend
54$666,000$666,000$666,000$666,000
55$738,536$703,238$692,915$787,925
56$773,421$697,251$675,682$815,258
57$810,590$689,696$656,597$840,110
58$850,236$680,458$635,560$866,278
59$892,571$669,411$612,462$893,885
60$937,826$656,424$587,192$923,066
61$986,254$641,359$559,633$953,971
62$1,038,135$624,068$529,663$986,767
63$1,093,772$604,396$497,154$1,021,638
64$1,153,502$582,176$461,974$1,058,788
65$1,217,691$557,234$423,982$1,098,444
66$1,286,743$529,387$383,033$1,140,856
67$1,361,102$498,437$338,975$1,186,302
68$1,441,252$464,179$291,649$1,235,090
69$1,527,730$426,394$240,890$1,287,560
70$1,621,122$384,850$186,523$1,344,090
71$1,722,073$339,305$128,368$1,405,096
72$1,831,292$289,498$66,236$1,471,041
73$1,949,559$235,159$0$1,542,437
74$2,077,731$175,999$0$1,619,857
75$2,216,750$111,713$0$1,710,709
76$2,367,652$41,980$0$1,809,338
77$2,531,577$0$0$1,916,535
78$2,709,779$0$0$2,041,287
79$2,903,636$0$0$2,188,089
80$3,114,667$0$0$2,347,930
81$3,344,542$0$0$2,522,079
82$3,595,097$0$0$2,711,933
83$3,868,356$0$0$2,919,030
84$4,166,543$0$0$3,145,060
85$4,492,109$0$0$3,391,887
86$4,847,752$0$0$3,661,560
87$5,236,439$0$0$3,956,336
88$5,661,440$0$0$4,278,700
89$6,126,355$0$0$4,631,388
90$6,635,145$0$0$5,017,412
91$7,192,175$0$0$5,440,090
92$7,802,249$0$0$5,903,075
93$8,470,660$0$0$6,410,389
94$9,203,236$0$0$6,966,463
95$10,006,394$0$0$7,576,176
96$10,887,203$0$0$8,244,902
97$11,853,450$0$0$8,978,562
98$12,913,710$0$0$9,783,673
99$14,077,430$0$0$10,667,420
100$15,355,015$0$0$11,637,711