Can I retire at age 55 with 670,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,328$54,835$54,354$53,885$53,427$52,803
2 years$27,390$26,880$26,386$25,906$25,441$24,813
3 years$18,079$17,566$17,073$16,598$16,141$15,529
4 years$13,424$12,913$12,425$11,958$11,512$10,920
5 years$10,632$10,124$9,642$9,185$8,751$8,181
6 years$8,771$8,267$7,792$7,345$6,924$6,377
7 years$7,442$6,943$6,476$6,039$5,631$5,106
8 years$6,446$5,951$5,492$5,066$4,672$4,169
9 years$5,672$5,182$4,730$4,315$3,934$3,454
10 years$5,053$4,567$4,124$3,720$3,352$2,895
11 years$4,547$4,066$3,630$3,237$2,883$2,447
12 years$4,125$3,649$3,222$2,839$2,498$2,084
13 years$3,769$3,298$2,879$2,507$2,179$1,785
14 years$3,464$2,998$2,586$2,225$1,910$1,536
15 years$3,199$2,739$2,335$1,985$1,682$1,328
16 years$2,968$2,513$2,117$1,777$1,486$1,151
17 years$2,765$2,314$1,927$1,597$1,318$1,001
18 years$2,584$2,138$1,759$1,439$1,172$873
19 years$2,422$1,982$1,610$1,300$1,044$763
20 years$2,277$1,841$1,478$1,178$933$668
21 years$2,146$1,715$1,359$1,069$835$585
22 years$2,027$1,601$1,253$972$748$514
23 years$1,918$1,497$1,157$885$672$452
24 years$1,819$1,403$1,070$807$604$397
25 years$1,727$1,317$991$737$543$350
26 years$1,643$1,237$919$674$489$308
27 years$1,565$1,165$853$617$441$272
28 years$1,493$1,097$793$565$398$240
29 years$1,426$1,035$738$518$359$212
30 years$1,364$978$688$476$325$187
31 years$1,306$924$641$437$294$165
32 years$1,251$875$598$401$266$146
33 years$1,200$828$558$369$240$129
34 years$1,152$785$522$340$218$114
35 years$1,107$745$488$313$197$101
36 years$1,064$707$456$288$179$90
37 years$1,024$671$427$265$162$79
38 years$986$638$400$245$147$70
39 years$950$607$375$226$133$62
40 years$916$577$351$208$121$55
41 years$884$549$329$192$110$49
42 years$853$523$309$177$99$43
43 years$824$498$290$163$90$38
44 years$796$475$272$151$82$34
45 years$770$453$255$139$74$30
46 years$744$432$240$129$67$27
47 years$720$412$225$119$61$24
48 years$697$394$212$110$56$21
49 years$675$376$199$102$51$19
50 years$654$359$187$94$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $670,000, adding $4,098 every year, while hoping to spend $49,131 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: 39/34/27 Blend
54$670,000$670,000$670,000$670,000
55$742,567$707,057$696,672$765,446
56$766,034$689,428$667,736$764,869
57$790,248$669,288$636,183$759,396
58$815,233$646,463$601,875$752,531
59$841,014$620,768$564,666$744,178
60$867,618$592,006$524,402$734,237
61$895,072$559,970$480,926$722,600
62$923,403$524,442$434,071$709,156
63$952,640$485,190$383,662$693,786
64$982,813$441,969$329,519$676,364
65$1,013,954$394,519$271,452$656,759
66$1,046,094$342,567$209,262$634,832
67$1,079,267$285,825$142,744$610,437
68$1,113,508$223,985$71,681$583,419
69$1,148,852$156,727$0$553,617
70$1,185,337$83,708$0$522,056
71$1,223,001$4,570$0$509,474
72$1,261,885$0$0$495,082
73$1,302,030$0$0$509,084
74$1,343,481$0$0$525,308
75$1,386,281$0$0$542,062
76$1,430,479$0$0$559,364
77$1,476,123$0$0$577,235
78$1,523,265$0$0$595,695
79$1,571,957$0$0$614,764
80$1,622,255$0$0$634,465
81$1,674,218$0$0$654,821
82$1,727,905$0$0$675,856
83$1,783,380$0$0$697,595
84$1,840,710$0$0$720,065
85$1,899,962$0$0$743,293
86$1,961,211$0$0$767,308
87$2,024,532$0$0$792,141
88$2,090,005$0$0$817,825
89$2,157,714$0$0$844,391
90$2,227,746$0$0$871,877
91$2,300,196$0$0$900,319
92$2,375,159$0$0$929,757
93$2,452,740$0$0$960,231
94$2,533,046$0$0$991,787
95$2,616,193$0$0$1,024,471
96$2,702,300$0$0$1,058,331
97$2,791,498$0$0$1,093,420
98$2,883,921$0$0$1,129,792
99$2,979,713$0$0$1,167,508
100$3,079,027$0$0$1,206,628