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%18%
1 years$55,163$54,671$54,192$53,724$53,267$51,542
2 years$27,308$26,800$26,307$25,829$25,365$23,643
3 years$18,025$17,514$17,022$16,549$16,093$14,428
4 years$13,384$12,875$12,388$11,923$11,478$9,883
5 years$10,600$10,094$9,613$9,158$8,725$7,204
6 years$8,745$8,242$7,769$7,323$6,904$5,459
7 years$7,420$6,922$6,456$6,021$5,615$4,245
8 years$6,427$5,933$5,475$5,051$4,658$3,363
9 years$5,655$5,166$4,716$4,302$3,923$2,701
10 years$5,038$4,554$4,111$3,709$3,342$2,191
11 years$4,533$4,054$3,620$3,228$2,874$1,792
12 years$4,113$3,639$3,212$2,831$2,491$1,476
13 years$3,758$3,288$2,870$2,499$2,172$1,221
14 years$3,453$2,989$2,579$2,219$1,904$1,014
15 years$3,190$2,730$2,328$1,979$1,677$845
16 years$2,959$2,505$2,111$1,772$1,482$707
17 years$2,756$2,307$1,921$1,592$1,314$592
18 years$2,576$2,132$1,753$1,435$1,168$497
19 years$2,415$1,976$1,605$1,296$1,041$418
20 years$2,270$1,836$1,473$1,174$930$352
21 years$2,139$1,710$1,355$1,065$832$296
22 years$2,021$1,596$1,249$969$746$250
23 years$1,912$1,493$1,153$882$670$211
24 years$1,813$1,399$1,066$805$602$178
25 years$1,722$1,313$988$735$542$150
26 years$1,638$1,234$916$672$488$127
27 years$1,561$1,161$851$615$440$108
28 years$1,489$1,094$791$564$397$91
29 years$1,422$1,032$736$517$358$77
30 years$1,360$975$685$474$324$65
31 years$1,302$922$639$436$293$55
32 years$1,247$872$596$400$265$47
33 years$1,196$826$557$368$240$40
34 years$1,148$783$520$339$217$33
35 years$1,103$742$486$312$197$28
36 years$1,061$705$455$287$178$24
37 years$1,021$669$426$265$161$20
38 years$983$636$399$244$146$17
39 years$947$605$374$225$133$15
40 years$913$575$350$207$120$12
41 years$881$548$328$191$109$10
42 years$850$522$308$177$99$9
43 years$821$497$289$163$90$8
44 years$794$474$271$151$82$6
45 years$767$452$255$139$74$5
46 years$742$431$239$128$67$5
47 years$718$411$225$119$61$4
48 years$695$393$211$110$55$3
49 years$673$375$199$101$50$3
50 years$652$358$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $668,000, adding $3,078 every year, while hoping to spend $48,065 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: 59/28/13 Blend
54$668,000$668,000$668,000$668,000
55$739,311$703,907$693,553$780,371
56$763,580$687,258$665,646$791,761
57$788,713$668,182$635,194$798,533
58$814,749$646,509$602,059$804,774
59$841,726$622,061$566,101$810,435
60$869,686$594,646$527,170$815,470
61$898,675$564,065$485,111$819,828
62$928,740$530,103$439,762$823,455
63$959,930$492,538$390,953$826,295
64$992,301$451,130$338,508$828,289
65$1,025,909$405,628$282,241$829,378
66$1,060,815$355,768$221,959$829,495
67$1,097,085$301,267$157,462$828,576
68$1,134,789$241,830$88,538$826,549
69$1,174,001$177,144$14,968$823,343
70$1,214,802$106,877$0$818,881
71$1,257,278$30,680$0$821,900
72$1,301,521$0$0$826,291
73$1,347,631$0$0$845,892
74$1,395,715$0$0$876,201
75$1,445,888$0$0$907,837
76$1,498,274$0$0$940,882
77$1,553,009$0$0$975,422
78$1,610,237$0$0$1,011,549
79$1,670,115$0$0$1,049,366
80$1,732,813$0$0$1,088,981
81$1,798,515$0$0$1,130,513
82$1,867,421$0$0$1,174,091
83$1,939,747$0$0$1,219,853
84$2,015,729$0$0$1,267,953
85$2,095,622$0$0$1,318,555
86$2,179,704$0$0$1,371,838
87$2,268,277$0$0$1,427,998
88$2,361,672$0$0$1,487,248
89$2,460,247$0$0$1,549,819
90$2,564,394$0$0$1,615,965
91$2,674,540$0$0$1,685,962
92$2,791,151$0$0$1,760,111
93$2,914,735$0$0$1,838,742
94$3,045,851$0$0$1,922,216
95$3,185,105$0$0$2,010,925
96$3,333,164$0$0$2,105,301
97$3,490,755$0$0$2,205,815
98$3,658,674$0$0$2,312,983
99$3,837,795$0$0$2,427,370
100$4,029,074$0$0$2,549,597