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%13.1%
1 years$55,080$54,590$54,111$53,644$53,188$52,501
2 years$27,267$26,760$26,267$25,790$25,327$24,637
3 years$17,998$17,488$16,997$16,524$16,069$15,395
4 years$13,364$12,855$12,369$11,905$11,460$10,810
5 years$10,584$10,079$9,599$9,144$8,712$8,086
6 years$8,732$8,230$7,757$7,312$6,893$6,292
7 years$7,409$6,912$6,447$6,012$5,606$5,030
8 years$6,417$5,924$5,467$5,043$4,651$4,100
9 years$5,647$5,158$4,709$4,296$3,917$3,391
10 years$5,030$4,547$4,105$3,703$3,337$2,836
11 years$4,526$4,048$3,614$3,223$2,870$2,394
12 years$4,107$3,633$3,208$2,827$2,487$2,034
13 years$3,752$3,283$2,866$2,496$2,169$1,739
14 years$3,448$2,984$2,575$2,215$1,901$1,494
15 years$3,185$2,726$2,325$1,976$1,674$1,288
16 years$2,955$2,501$2,108$1,769$1,479$1,115
17 years$2,752$2,304$1,918$1,589$1,312$968
18 years$2,572$2,129$1,751$1,432$1,166$842
19 years$2,412$1,973$1,603$1,294$1,040$734
20 years$2,267$1,833$1,471$1,172$929$641
21 years$2,136$1,708$1,353$1,064$831$561
22 years$2,018$1,594$1,247$967$745$491
23 years$1,910$1,491$1,151$881$669$431
24 years$1,811$1,397$1,065$803$601$378
25 years$1,720$1,311$986$734$541$332
26 years$1,636$1,232$915$671$487$292
27 years$1,558$1,159$849$614$439$257
28 years$1,487$1,093$790$563$396$226
29 years$1,420$1,031$735$516$358$199
30 years$1,358$973$684$474$323$176
31 years$1,300$920$638$435$292$155
32 years$1,245$871$595$400$264$137
33 years$1,194$824$556$368$239$120
34 years$1,147$781$519$338$217$106
35 years$1,102$741$486$311$196$94
36 years$1,059$703$454$287$178$83
37 years$1,019$668$425$264$161$73
38 years$982$635$398$243$146$65
39 years$946$604$373$225$132$57
40 years$912$574$350$207$120$50
41 years$880$547$328$191$109$44
42 years$849$521$308$176$99$39
43 years$820$496$289$163$90$35
44 years$792$473$271$150$81$31
45 years$766$451$254$139$74$27
46 years$741$430$239$128$67$24
47 years$717$411$224$118$61$21
48 years$694$392$211$109$55$19
49 years$672$374$198$101$50$17
50 years$651$358$186$93$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $667,000, adding $2,503 every year, while hoping to spend $36,711 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: 45/45/10 Blend
54$667,000$667,000$667,000$667,000
55$737,616$702,265$691,926$768,614
56$773,792$697,616$676,046$785,687
57$812,429$691,508$658,403$800,228
58$853,737$683,832$638,899$815,164
59$897,949$674,471$617,434$830,545
60$945,320$663,301$593,898$846,428
61$996,131$650,191$568,182$862,877
62$1,050,687$635,001$540,167$879,969
63$1,109,326$617,585$509,731$897,787
64$1,172,418$597,787$476,748$916,428
65$1,240,368$575,442$441,082$936,003
66$1,313,622$550,375$402,595$956,636
67$1,392,671$522,403$361,141$978,467
68$1,478,052$491,329$316,568$1,001,656
69$1,570,356$456,947$268,716$1,026,381
70$1,670,234$419,039$217,420$1,052,846
71$1,778,401$377,375$162,506$1,081,278
72$1,895,641$331,710$103,793$1,111,933
73$2,022,818$281,786$41,092$1,145,098
74$2,160,884$227,331$0$1,181,095
75$2,310,881$168,057$0$1,223,041
76$2,473,960$103,662$0$1,273,443
77$2,651,386$33,823$0$1,328,387
78$2,844,549$0$0$1,388,404
79$3,054,980$0$0$1,474,782
80$3,284,365$0$0$1,587,268
81$3,534,556$0$0$1,710,032
82$3,807,596$0$0$1,844,086
83$4,105,730$0$0$1,990,541
84$4,431,431$0$0$2,150,623
85$4,787,421$0$0$2,325,680
86$5,176,697$0$0$2,517,198
87$5,602,560$0$0$2,726,811
88$6,068,644$0$0$2,956,319
89$6,578,948$0$0$3,207,706
90$7,137,879$0$0$3,483,154
91$7,750,290$0$0$3,785,068
92$8,421,523$0$0$4,116,096
93$9,157,464$0$0$4,479,155
94$9,964,595$0$0$4,877,457
95$10,850,055$0$0$5,314,541
96$11,821,708$0$0$5,794,305
97$12,888,215$0$0$6,321,041
98$14,059,117$0$0$6,899,479
99$15,344,926$0$0$7,534,830
100$16,757,217$0$0$8,232,832