Can I retire at age 55 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,163$54,671$54,192$53,724$53,267$52,976
2 years$27,308$26,800$26,307$25,829$25,365$25,071
3 years$18,025$17,514$17,022$16,549$16,093$15,805
4 years$13,384$12,875$12,388$11,923$11,478$11,199
5 years$10,600$10,094$9,613$9,158$8,725$8,456
6 years$8,745$8,242$7,769$7,323$6,904$6,644
7 years$7,420$6,922$6,456$6,021$5,615$5,365
8 years$6,427$5,933$5,475$5,051$4,658$4,418
9 years$5,655$5,166$4,716$4,302$3,923$3,693
10 years$5,038$4,554$4,111$3,709$3,342$3,123
11 years$4,533$4,054$3,620$3,228$2,874$2,664
12 years$4,113$3,639$3,212$2,831$2,491$2,290
13 years$3,758$3,288$2,870$2,499$2,172$1,981
14 years$3,453$2,989$2,579$2,219$1,904$1,722
15 years$3,190$2,730$2,328$1,979$1,677$1,503
16 years$2,959$2,505$2,111$1,772$1,482$1,317
17 years$2,756$2,307$1,921$1,592$1,314$1,157
18 years$2,576$2,132$1,753$1,435$1,168$1,020
19 years$2,415$1,976$1,605$1,296$1,041$901
20 years$2,270$1,836$1,473$1,174$930$797
21 years$2,139$1,710$1,355$1,065$832$707
22 years$2,021$1,596$1,249$969$746$627
23 years$1,912$1,493$1,153$882$670$558
24 years$1,813$1,399$1,066$805$602$496
25 years$1,722$1,313$988$735$542$442
26 years$1,638$1,234$916$672$488$394
27 years$1,561$1,161$851$615$440$352
28 years$1,489$1,094$791$564$397$314
29 years$1,422$1,032$736$517$358$281
30 years$1,360$975$685$474$324$251
31 years$1,302$922$639$436$293$225
32 years$1,247$872$596$400$265$201
33 years$1,196$826$557$368$240$180
34 years$1,148$783$520$339$217$161
35 years$1,103$742$486$312$197$145
36 years$1,061$705$455$287$178$130
37 years$1,021$669$426$265$161$116
38 years$983$636$399$244$146$104
39 years$947$605$374$225$133$93
40 years$913$575$350$207$120$84
41 years$881$548$328$191$109$75
42 years$850$522$308$177$99$67
43 years$821$497$289$163$90$61
44 years$794$474$271$151$82$54
45 years$767$452$255$139$74$49
46 years$742$431$239$128$67$44
47 years$718$411$225$119$61$39
48 years$695$393$211$110$55$35
49 years$673$375$199$101$50$32
50 years$652$358$187$94$46$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $668,000, adding $3,126 every year, while hoping to spend $50,499 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: 67/20/13 Blend
54$668,000$668,000$668,000$668,000
55$739,360$703,956$693,602$786,512
56$761,045$684,720$663,108$799,088
57$783,248$662,848$629,899$806,571
58$805,971$638,159$593,831$813,466
59$829,210$610,459$554,755$819,712
60$852,962$579,544$512,512$825,241
61$877,221$545,198$466,938$829,981
62$901,978$507,193$417,861$833,856
63$927,221$465,287$365,101$836,782
64$952,936$419,225$308,470$838,670
65$979,105$368,737$247,773$839,423
66$1,005,706$313,537$182,806$838,938
67$1,032,713$253,325$113,354$837,105
68$1,060,093$187,781$39,195$833,802
69$1,087,810$116,570$0$828,903
70$1,115,822$39,337$0$827,807
71$1,144,078$0$0$830,989
72$1,172,521$0$0$842,627
73$1,201,085$0$0$862,989
74$1,229,695$0$0$883,363
75$1,258,266$0$0$903,684
76$1,286,700$0$0$923,880
77$1,314,887$0$0$943,868
78$1,342,703$0$0$963,556
79$1,370,007$0$0$982,840
80$1,396,642$0$0$1,001,602
81$1,422,432$0$0$1,019,711
82$1,447,177$0$0$1,037,019
83$1,470,655$0$0$1,053,362
84$1,492,617$0$0$1,068,555
85$1,512,787$0$0$1,082,392
86$1,530,853$0$0$1,094,642
87$1,546,471$0$0$1,105,050
88$1,559,255$0$0$1,113,331
89$1,568,776$0$0$1,119,166
90$1,574,559$0$0$1,122,204
91$1,576,074$0$0$1,122,051
92$1,572,731$0$0$1,118,272
93$1,563,879$0$0$1,110,383
94$1,548,791$0$0$1,097,848
95$1,526,665$0$0$1,080,072
96$1,496,608$0$0$1,056,395
97$1,457,634$0$0$1,026,088
98$1,408,648$0$0$988,340
99$1,348,439$0$0$942,256
100$1,275,666$0$0$886,845