Can I retire at age 55 with 667,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$55,080$54,590$54,111$53,644$53,188$51,506
2 years$27,267$26,760$26,267$25,790$25,327$23,648
3 years$17,998$17,488$16,997$16,524$16,069$14,445
4 years$13,364$12,855$12,369$11,905$11,460$9,904
5 years$10,584$10,079$9,599$9,144$8,712$7,228
6 years$8,732$8,230$7,757$7,312$6,893$5,483
7 years$7,409$6,912$6,447$6,012$5,606$4,268
8 years$6,417$5,924$5,467$5,043$4,651$3,385
9 years$5,647$5,158$4,709$4,296$3,917$2,722
10 years$5,030$4,547$4,105$3,703$3,337$2,211
11 years$4,526$4,048$3,614$3,223$2,870$1,811
12 years$4,107$3,633$3,208$2,827$2,487$1,493
13 years$3,752$3,283$2,866$2,496$2,169$1,237
14 years$3,448$2,984$2,575$2,215$1,901$1,029
15 years$3,185$2,726$2,325$1,976$1,674$859
16 years$2,955$2,501$2,108$1,769$1,479$719
17 years$2,752$2,304$1,918$1,589$1,312$603
18 years$2,572$2,129$1,751$1,432$1,166$507
19 years$2,412$1,973$1,603$1,294$1,040$427
20 years$2,267$1,833$1,471$1,172$929$360
21 years$2,136$1,708$1,353$1,064$831$304
22 years$2,018$1,594$1,247$967$745$256
23 years$1,910$1,491$1,151$881$669$217
24 years$1,811$1,397$1,065$803$601$183
25 years$1,720$1,311$986$734$541$155
26 years$1,636$1,232$915$671$487$131
27 years$1,558$1,159$849$614$439$111
28 years$1,487$1,093$790$563$396$94
29 years$1,420$1,031$735$516$358$80
30 years$1,358$973$684$474$323$68
31 years$1,300$920$638$435$292$57
32 years$1,245$871$595$400$264$49
33 years$1,194$824$556$368$239$41
34 years$1,147$781$519$338$217$35
35 years$1,102$741$486$311$196$30
36 years$1,059$703$454$287$178$25
37 years$1,019$668$425$264$161$21
38 years$982$635$398$243$146$18
39 years$946$604$373$225$132$15
40 years$912$574$350$207$120$13
41 years$880$547$328$191$109$11
42 years$849$521$308$176$99$9
43 years$820$496$289$163$90$8
44 years$792$473$271$150$81$7
45 years$766$451$254$139$74$6
46 years$741$430$239$128$67$5
47 years$717$411$224$118$61$4
48 years$694$392$211$109$55$4
49 years$672$374$198$101$50$3
50 years$651$358$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 $667,000, adding $4,884 every year, while hoping to spend $23,818 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: 47/25/28 Blend
54$667,000$667,000$667,000$667,000
55$740,072$704,721$694,382$768,716
56$790,217$713,910$692,302$798,609
57$844,679$722,751$689,354$828,338
58$903,872$731,202$685,483$860,150
59$968,254$739,218$680,634$894,254
60$1,038,326$746,750$674,745$930,880
61$1,114,643$753,748$667,756$970,282
62$1,197,811$760,156$659,601$1,012,744
63$1,288,501$765,917$650,211$1,058,576
64$1,387,449$770,968$639,514$1,108,124
65$1,495,467$775,244$627,436$1,161,768
66$1,613,448$778,674$613,898$1,219,931
67$1,742,374$781,184$598,818$1,283,077
68$1,883,328$782,693$582,110$1,351,721
69$2,037,501$783,118$563,685$1,426,434
70$2,206,205$782,370$543,447$1,507,842
71$2,390,884$780,353$521,299$1,596,643
72$2,593,129$776,965$497,137$1,693,602
73$2,814,692$772,100$470,856$1,799,568
74$3,057,503$765,645$442,341$1,915,479
75$3,323,685$757,478$411,476$2,042,369
76$3,615,578$747,472$378,138$2,181,381
77$3,935,760$735,491$342,198$2,333,777
78$4,287,069$721,392$303,524$2,500,952
79$4,672,633$705,023$261,975$2,684,444
80$5,095,895$686,223$217,405$2,885,954
81$5,560,650$664,821$169,661$3,107,357
82$6,071,076$640,637$118,584$3,350,725
83$6,631,778$613,480$64,009$3,618,344
84$7,247,826$583,148$5,761$3,912,738
85$7,924,810$549,428$0$4,236,693
86$8,668,884$512,093$0$4,610,134
87$9,486,829$470,904$0$5,022,533
88$10,386,116$425,610$0$5,475,973
89$11,374,977$375,942$0$5,974,645
90$12,462,481$321,619$0$6,523,172
91$13,658,618$262,343$0$7,126,651
92$14,974,398$197,798$0$7,790,699
93$16,421,950$127,653$0$8,521,513
94$18,014,637$51,556$0$9,325,920
95$19,767,183$0$0$10,211,449
96$21,695,814$0$0$11,194,891
97$23,818,405$0$0$12,292,935
98$26,154,653$0$0$13,501,599
99$28,726,262$0$0$14,832,123
100$31,557,146$0$0$16,296,890