Can I retire at age 55 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$55,245$54,753$54,273$53,805$53,347$51,210
2 years$27,349$26,840$26,346$25,868$25,403$23,277
3 years$18,052$17,540$17,048$16,574$16,117$14,069
4 years$13,404$12,894$12,406$11,940$11,495$9,540
5 years$10,616$10,109$9,628$9,171$8,738$6,882
6 years$8,758$8,255$7,781$7,334$6,914$5,157
7 years$7,431$6,932$6,466$6,030$5,623$3,965
8 years$6,437$5,942$5,484$5,058$4,665$3,104
9 years$5,664$5,174$4,723$4,309$3,929$2,462
10 years$5,045$4,560$4,118$3,714$3,347$1,973
11 years$4,540$4,060$3,625$3,232$2,879$1,593
12 years$4,119$3,644$3,217$2,835$2,495$1,294
13 years$3,763$3,293$2,874$2,503$2,175$1,056
14 years$3,458$2,993$2,583$2,222$1,907$865
15 years$3,195$2,734$2,332$1,982$1,679$711
16 years$2,964$2,509$2,114$1,774$1,484$586
17 years$2,761$2,311$1,924$1,594$1,316$483
18 years$2,580$2,135$1,756$1,437$1,170$400
19 years$2,419$1,979$1,608$1,298$1,043$331
20 years$2,274$1,839$1,475$1,176$931$274
21 years$2,143$1,713$1,357$1,067$834$228
22 years$2,024$1,599$1,251$970$747$189
23 years$1,915$1,495$1,155$884$671$157
24 years$1,816$1,401$1,068$806$603$130
25 years$1,725$1,315$989$736$542$109
26 years$1,641$1,236$917$673$489$90
27 years$1,563$1,163$852$616$441$75
28 years$1,491$1,096$792$564$397$63
29 years$1,424$1,034$737$518$359$52
30 years$1,362$976$686$475$324$43
31 years$1,304$923$640$436$293$36
32 years$1,249$873$597$401$265$30
33 years$1,198$827$558$369$240$25
34 years$1,150$784$521$339$217$21
35 years$1,105$743$487$312$197$17
36 years$1,063$706$456$288$178$14
37 years$1,022$670$426$265$162$12
38 years$985$637$399$244$147$10
39 years$949$606$374$225$133$8
40 years$915$576$351$208$121$7
41 years$882$548$329$192$109$6
42 years$852$522$308$177$99$5
43 years$823$498$289$163$90$4
44 years$795$474$272$151$82$3
45 years$768$452$255$139$74$3
46 years$743$432$240$129$67$2
47 years$719$412$225$119$61$2
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$1
50 years$653$359$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $669,000, adding $4,366 every year, while hoping to spend $20,864 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: 47/31/22 Blend
54$669,000$669,000$669,000$669,000
55$741,742$706,285$695,915$771,767
56$795,200$718,693$697,029$805,626
57$853,412$731,011$697,481$839,934
58$916,840$743,211$697,227$876,747
59$985,994$755,264$696,220$916,308
60$1,061,435$767,141$694,413$958,886
61$1,143,778$778,808$691,753$1,004,780
62$1,233,704$790,230$688,187$1,054,318
63$1,331,960$801,370$683,660$1,107,861
64$1,439,370$812,187$678,112$1,165,810
65$1,556,839$822,637$671,482$1,228,606
66$1,685,365$832,675$663,705$1,296,736
67$1,826,048$842,252$654,715$1,370,739
68$1,980,096$851,314$644,439$1,451,207
69$2,148,843$859,805$632,805$1,538,795
70$2,333,756$867,666$619,735$1,634,227
71$2,536,450$874,833$605,147$1,738,301
72$2,758,706$881,238$588,957$1,851,896
73$3,002,483$886,808$571,077$1,975,984
74$3,269,941$891,466$551,412$2,111,639
75$3,563,457$895,130$529,867$2,260,041
76$3,885,652$897,713$506,339$2,422,498
77$4,239,410$899,123$480,723$2,600,449
78$4,627,910$899,260$452,908$2,795,484
79$5,054,654$898,021$422,777$3,009,355
80$5,523,498$895,293$390,210$3,243,997
81$6,038,693$890,960$355,080$3,501,545
82$6,604,919$884,897$317,254$3,784,351
83$7,227,334$876,970$276,595$4,095,012
84$7,911,619$867,039$232,959$4,436,394
85$8,664,036$854,956$186,194$4,811,656
86$9,491,480$840,561$136,144$5,224,282
87$10,401,550$823,688$82,645$5,678,118
88$11,402,619$804,159$25,523$6,177,402
89$12,503,909$781,786$0$6,726,811
90$13,715,586$756,372$0$7,339,819
91$15,048,847$727,705$0$8,020,731
92$16,516,029$695,562$0$8,769,866
93$18,130,729$659,709$0$9,594,190
94$19,907,925$619,897$0$10,501,378
95$21,864,122$575,861$0$11,499,895
96$24,017,508$527,323$0$12,599,068
97$26,388,121$473,990$0$13,809,180
98$28,998,043$415,549$0$15,141,568
99$31,871,604$351,672$0$16,608,724
100$35,035,615$282,011$0$18,224,423