Can I retire at age 55 with 667,000?

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 $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%19.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,077
2 years$27,267$26,760$26,267$25,790$25,327$23,227
3 years$17,998$17,488$16,997$16,524$16,069$14,045
4 years$13,364$12,855$12,369$11,905$11,460$9,529
5 years$10,584$10,079$9,599$9,144$8,712$6,877
6 years$8,732$8,230$7,757$7,312$6,893$5,157
7 years$7,409$6,912$6,447$6,012$5,606$3,967
8 years$6,417$5,924$5,467$5,043$4,651$3,107
9 years$5,647$5,158$4,709$4,296$3,917$2,466
10 years$5,030$4,547$4,105$3,703$3,337$1,977
11 years$4,526$4,048$3,614$3,223$2,870$1,598
12 years$4,107$3,633$3,208$2,827$2,487$1,299
13 years$3,752$3,283$2,866$2,496$2,169$1,061
14 years$3,448$2,984$2,575$2,215$1,901$869
15 years$3,185$2,726$2,325$1,976$1,674$715
16 years$2,955$2,501$2,108$1,769$1,479$589
17 years$2,752$2,304$1,918$1,589$1,312$487
18 years$2,572$2,129$1,751$1,432$1,166$403
19 years$2,412$1,973$1,603$1,294$1,040$334
20 years$2,267$1,833$1,471$1,172$929$277
21 years$2,136$1,708$1,353$1,064$831$230
22 years$2,018$1,594$1,247$967$745$191
23 years$1,910$1,491$1,151$881$669$159
24 years$1,811$1,397$1,065$803$601$132
25 years$1,720$1,311$986$734$541$110
26 years$1,636$1,232$915$671$487$92
27 years$1,558$1,159$849$614$439$76
28 years$1,487$1,093$790$563$396$64
29 years$1,420$1,031$735$516$358$53
30 years$1,358$973$684$474$323$44
31 years$1,300$920$638$435$292$37
32 years$1,245$871$595$400$264$31
33 years$1,194$824$556$368$239$26
34 years$1,147$781$519$338$217$21
35 years$1,102$741$486$311$196$18
36 years$1,059$703$454$287$178$15
37 years$1,019$668$425$264$161$12
38 years$982$635$398$243$146$10
39 years$946$604$373$225$132$9
40 years$912$574$350$207$120$7
41 years$880$547$328$191$109$6
42 years$849$521$308$176$99$5
43 years$820$496$289$163$90$4
44 years$792$473$271$150$81$3
45 years$766$451$254$139$74$3
46 years$741$430$239$128$67$2
47 years$717$411$224$118$61$2
48 years$694$392$211$109$55$2
49 years$672$374$198$101$50$1
50 years$651$358$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $667,000, adding $3,571 every year, while hoping to spend $49,912 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: 43/28/29 Blend
54$667,000$667,000$667,000$667,000
55$738,717$703,366$693,028$764,104
56$760,961$684,725$663,138$764,033
57$783,800$663,498$630,575$758,973
58$807,243$639,505$595,195$752,547
59$831,298$612,557$556,849$744,657
60$855,970$582,452$515,384$735,202
61$881,265$548,978$470,635$724,072
62$907,186$511,911$422,434$711,152
63$933,737$471,012$370,603$696,322
64$960,917$426,030$314,957$679,452
65$988,726$376,701$255,304$660,405
66$1,017,160$322,743$191,440$639,038
67$1,046,213$263,860$123,156$615,198
68$1,075,876$199,739$50,232$588,723
69$1,106,138$130,049$0$559,440
70$1,136,984$54,441$0$535,707
71$1,168,393$0$0$525,936
72$1,200,342$0$0$522,900
73$1,232,802$0$0$536,836
74$1,265,739$0$0$550,952
75$1,299,112$0$0$565,228
76$1,332,873$0$0$579,640
77$1,366,968$0$0$594,159
78$1,401,331$0$0$608,755
79$1,435,890$0$0$623,390
80$1,470,561$0$0$638,022
81$1,505,246$0$0$652,606
82$1,539,837$0$0$667,086
83$1,574,209$0$0$681,402
84$1,608,223$0$0$695,486
85$1,641,719$0$0$709,262
86$1,674,520$0$0$722,641
87$1,706,425$0$0$735,528
88$1,737,210$0$0$747,813
89$1,766,621$0$0$759,376
90$1,794,377$0$0$770,079
91$1,820,162$0$0$779,771
92$1,843,624$0$0$788,283
93$1,864,370$0$0$795,425
94$1,881,962$0$0$800,989
95$1,895,913$0$0$804,739
96$1,905,679$0$0$806,417
97$1,910,657$0$0$805,733
98$1,910,177$0$0$802,366
99$1,903,494$0$0$795,962
100$1,889,782$0$0$786,124