Can I retire at age 55 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$55,411$54,917$54,435$53,965$53,506$52,065
2 years$27,431$26,920$26,425$25,945$25,479$24,037
3 years$18,106$17,593$17,099$16,623$16,165$14,768
4 years$13,444$12,932$12,443$11,976$11,529$10,187
5 years$10,648$10,139$9,657$9,199$8,764$7,481
6 years$8,784$8,279$7,804$7,356$6,935$5,712
7 years$7,453$6,953$6,485$6,048$5,640$4,478
8 years$6,456$5,960$5,500$5,074$4,679$3,577
9 years$5,680$5,189$4,737$4,322$3,940$2,897
10 years$5,060$4,574$4,130$3,725$3,357$2,371
11 years$4,554$4,072$3,636$3,242$2,887$1,957
12 years$4,131$3,655$3,227$2,844$2,502$1,626
13 years$3,774$3,303$2,883$2,511$2,182$1,358
14 years$3,469$3,002$2,590$2,229$1,913$1,139
15 years$3,204$2,743$2,339$1,988$1,684$959
16 years$2,973$2,516$2,120$1,780$1,488$810
17 years$2,769$2,317$1,929$1,599$1,320$685
18 years$2,588$2,141$1,761$1,441$1,173$581
19 years$2,426$1,985$1,612$1,302$1,046$494
20 years$2,281$1,844$1,480$1,179$934$420
21 years$2,149$1,718$1,361$1,070$836$358
22 years$2,030$1,604$1,254$973$749$305
23 years$1,921$1,500$1,158$886$673$260
24 years$1,821$1,405$1,071$808$605$222
25 years$1,730$1,319$992$738$544$190
26 years$1,646$1,239$920$675$490$162
27 years$1,568$1,166$854$618$442$139
28 years$1,496$1,099$794$566$399$119
29 years$1,428$1,037$739$519$360$102
30 years$1,366$979$689$476$325$87
31 years$1,307$926$642$438$294$75
32 years$1,253$876$599$402$266$64
33 years$1,202$829$559$370$241$55
34 years$1,154$786$522$340$218$47
35 years$1,108$746$488$313$197$40
36 years$1,066$708$457$288$179$34
37 years$1,025$672$428$266$162$30
38 years$987$639$401$245$147$25
39 years$951$607$375$226$133$22
40 years$917$578$352$208$121$19
41 years$885$550$330$192$110$16
42 years$854$524$309$177$100$14
43 years$825$499$290$164$90$12
44 years$797$476$273$151$82$10
45 years$771$454$256$140$74$9
46 years$745$433$240$129$68$7
47 years$721$413$226$119$61$6
48 years$698$394$212$110$56$5
49 years$676$377$199$102$51$5
50 years$655$360$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $671,000, adding $2,382 every year, while hoping to spend $20,953 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: 77/12/11 Blend
54$671,000$671,000$671,000$671,000
55$741,899$706,336$695,936$797,346
56$795,279$718,653$696,956$846,488
57$853,401$730,871$697,307$897,447
58$916,728$742,963$696,947$952,727
59$985,766$754,900$695,827$1,012,750
60$1,061,076$766,652$693,899$1,077,981
61$1,143,272$778,185$691,111$1,148,933
62$1,233,033$789,462$687,410$1,226,169
63$1,331,103$800,446$682,739$1,310,312
64$1,438,303$811,096$677,038$1,402,045
65$1,555,538$821,368$670,247$1,502,124
66$1,683,803$831,215$662,300$1,611,380
67$1,824,193$840,587$653,130$1,730,728
68$1,977,915$849,430$642,664$1,861,178
69$2,146,298$857,688$630,829$2,003,841
70$2,330,805$865,299$617,546$2,159,943
71$2,533,048$872,199$602,734$2,330,834
72$2,754,801$878,319$586,308$2,518,002
73$2,998,019$883,585$568,178$2,723,086
74$3,264,856$887,920$548,251$2,947,893
75$3,557,683$891,239$526,429$3,194,413
76$3,879,112$893,456$502,610$3,464,842
77$4,232,022$894,475$476,687$3,761,596
78$4,619,581$894,197$448,549$4,087,340
79$5,045,282$892,517$418,079$4,445,011
80$5,512,971$889,320$385,155$4,837,845
81$6,026,886$884,489$349,650$5,269,409
82$6,591,696$877,897$311,431$5,743,632
83$7,212,543$869,408$270,358$6,264,846
84$7,895,095$858,881$226,287$6,837,826
85$8,645,593$846,165$179,066$7,467,832
86$9,470,916$831,099$128,537$8,160,663
87$10,378,641$813,515$74,535$8,922,708
88$11,377,117$793,232$16,887$9,761,010
89$12,475,544$770,060$0$10,683,330
90$13,684,055$743,799$0$11,703,461
91$15,013,819$714,236$0$12,828,045
92$16,477,140$681,144$0$14,065,513
93$18,087,574$644,287$0$15,427,336
94$19,860,060$603,411$0$16,926,160
95$21,811,058$558,249$0$18,575,916
96$23,958,704$508,521$0$20,391,960
97$26,322,982$453,929$0$22,391,209
98$28,925,911$394,156$0$24,592,311
99$31,791,755$328,872$0$27,015,810
100$34,947,251$257,723$0$29,684,351