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%11.9%
1 years$55,080$54,590$54,111$53,644$53,188$52,764
2 years$27,267$26,760$26,267$25,790$25,327$24,900
3 years$17,998$17,488$16,997$16,524$16,069$15,652
4 years$13,364$12,855$12,369$11,905$11,460$11,056
5 years$10,584$10,079$9,599$9,144$8,712$8,322
6 years$8,732$8,230$7,757$7,312$6,893$6,518
7 years$7,409$6,912$6,447$6,012$5,606$5,246
8 years$6,417$5,924$5,467$5,043$4,651$4,306
9 years$5,647$5,158$4,709$4,296$3,917$3,586
10 years$5,030$4,547$4,105$3,703$3,337$3,021
11 years$4,526$4,048$3,614$3,223$2,870$2,569
12 years$4,107$3,633$3,208$2,827$2,487$2,200
13 years$3,752$3,283$2,866$2,496$2,169$1,895
14 years$3,448$2,984$2,575$2,215$1,901$1,641
15 years$3,185$2,726$2,325$1,976$1,674$1,427
16 years$2,955$2,501$2,108$1,769$1,479$1,245
17 years$2,752$2,304$1,918$1,589$1,312$1,090
18 years$2,572$2,129$1,751$1,432$1,166$956
19 years$2,412$1,973$1,603$1,294$1,040$841
20 years$2,267$1,833$1,471$1,172$929$741
21 years$2,136$1,708$1,353$1,064$831$654
22 years$2,018$1,594$1,247$967$745$578
23 years$1,910$1,491$1,151$881$669$511
24 years$1,811$1,397$1,065$803$601$453
25 years$1,720$1,311$986$734$541$402
26 years$1,636$1,232$915$671$487$357
27 years$1,558$1,159$849$614$439$317
28 years$1,487$1,093$790$563$396$282
29 years$1,420$1,031$735$516$358$250
30 years$1,358$973$684$474$323$223
31 years$1,300$920$638$435$292$198
32 years$1,245$871$595$400$264$177
33 years$1,194$824$556$368$239$157
34 years$1,147$781$519$338$217$140
35 years$1,102$741$486$311$196$125
36 years$1,059$703$454$287$178$112
37 years$1,019$668$425$264$161$100
38 years$982$635$398$243$146$89
39 years$946$604$373$225$132$79
40 years$912$574$350$207$120$71
41 years$880$547$328$191$109$63
42 years$849$521$308$176$99$56
43 years$820$496$289$163$90$50
44 years$792$473$271$150$81$45
45 years$766$451$254$139$74$40
46 years$741$430$239$128$67$36
47 years$717$411$224$118$61$32
48 years$694$392$211$109$55$29
49 years$672$374$198$101$50$26
50 years$651$358$186$93$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $667,000, adding $5,495 every year, while hoping to spend $42,401 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: 42/45/13 Blend
54$667,000$667,000$667,000$667,000
55$740,702$705,351$695,013$768,773
56$771,139$694,799$673,181$778,463
57$803,260$682,309$649,197$784,310
58$837,191$667,740$622,944$789,712
59$873,072$650,946$594,299$794,647
60$911,052$631,770$563,135$799,095
61$951,297$610,045$529,319$803,035
62$993,988$585,596$492,710$806,449
63$1,039,322$558,237$453,162$809,322
64$1,087,514$527,772$410,524$811,639
65$1,138,801$493,992$364,637$813,392
66$1,193,440$456,679$315,334$814,574
67$1,251,714$415,600$262,441$815,182
68$1,313,934$370,509$205,777$815,220
69$1,380,438$321,147$145,154$814,696
70$1,451,598$267,239$80,372$813,629
71$1,527,823$208,496$11,227$812,041
72$1,609,561$144,612$0$809,967
73$1,697,301$75,263$0$816,130
74$1,791,583$108$0$824,134
75$1,892,998$0$0$832,524
76$2,002,196$0$0$881,635
77$2,119,890$0$0$934,689
78$2,246,863$0$0$991,993
79$2,383,975$0$0$1,053,944
80$2,532,173$0$0$1,120,978
81$2,692,495$0$0$1,193,575
82$2,866,085$0$0$1,272,261
83$3,054,198$0$0$1,357,618
84$3,258,215$0$0$1,450,282
85$3,479,655$0$0$1,550,954
86$3,720,189$0$0$1,660,406
87$3,981,654$0$0$1,779,487
88$4,266,072$0$0$1,909,130
89$4,575,666$0$0$2,050,364
90$4,912,884$0$0$2,204,317
91$5,280,420$0$0$2,372,236
92$5,681,236$0$0$2,555,490
93$6,118,595$0$0$2,755,586
94$6,596,088$0$0$2,974,184
95$7,117,667$0$0$3,213,111
96$7,687,684$0$0$3,474,379
97$8,310,929$0$0$3,760,202
98$8,992,676$0$0$4,073,019
99$9,738,734$0$0$4,415,517
100$10,555,497$0$0$4,790,650