Can I retire at age 55 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$55,493$54,999$54,517$54,046$53,586$52,059
2 years$27,472$26,960$26,464$25,984$25,517$23,990
3 years$18,133$17,619$17,124$16,648$16,189$14,710
4 years$13,464$12,952$12,462$11,994$11,546$10,127
5 years$10,663$10,154$9,671$9,212$8,777$7,422
6 years$8,797$8,292$7,816$7,367$6,945$5,654
7 years$7,464$6,963$6,495$6,057$5,648$4,422
8 years$6,465$5,969$5,508$5,081$4,686$3,524
9 years$5,689$5,197$4,744$4,328$3,946$2,847
10 years$5,068$4,581$4,136$3,731$3,362$2,325
11 years$4,560$4,078$3,641$3,247$2,892$1,914
12 years$4,138$3,660$3,232$2,848$2,506$1,586
13 years$3,780$3,308$2,887$2,514$2,185$1,321
14 years$3,474$3,007$2,594$2,232$1,916$1,105
15 years$3,209$2,747$2,342$1,990$1,687$928
16 years$2,977$2,520$2,124$1,782$1,491$781
17 years$2,773$2,321$1,932$1,601$1,322$659
18 years$2,592$2,145$1,764$1,443$1,175$557
19 years$2,430$1,988$1,615$1,304$1,047$472
20 years$2,284$1,847$1,482$1,181$936$400
21 years$2,152$1,720$1,363$1,072$837$340
22 years$2,033$1,606$1,256$975$750$289
23 years$1,924$1,502$1,160$888$674$246
24 years$1,824$1,407$1,073$809$606$209
25 years$1,733$1,321$994$739$545$178
26 years$1,648$1,241$922$676$491$152
27 years$1,570$1,168$856$619$442$129
28 years$1,498$1,101$796$567$399$110
29 years$1,431$1,038$740$520$361$94
30 years$1,368$981$690$477$326$80
31 years$1,309$927$643$438$295$69
32 years$1,255$877$600$403$266$59
33 years$1,203$831$560$370$241$50
34 years$1,155$787$523$341$218$43
35 years$1,110$747$489$314$198$36
36 years$1,067$709$458$289$179$31
37 years$1,027$673$428$266$162$27
38 years$989$640$401$245$147$23
39 years$953$608$376$226$133$19
40 years$919$579$352$209$121$17
41 years$886$551$330$192$110$14
42 years$856$525$310$178$100$12
43 years$826$500$291$164$90$10
44 years$798$477$273$151$82$9
45 years$772$454$256$140$75$8
46 years$747$434$241$129$68$6
47 years$722$414$226$119$61$6
48 years$699$395$212$110$56$5
49 years$677$377$200$102$51$4
50 years$656$360$188$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $672,000, adding $2,710 every year, while hoping to spend $44,455 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: 56/33/11 Blend
54$672,000$672,000$672,000$672,000
55$743,339$707,723$697,307$782,780
56$771,860$695,102$673,367$797,147
57$801,800$680,372$647,135$807,657
58$833,257$663,384$618,488$818,050
59$866,338$643,978$587,295$828,323
60$901,157$621,986$553,423$838,472
61$937,841$597,229$516,728$848,499
62$976,527$569,520$477,065$858,406
63$1,017,365$538,658$434,278$868,198
64$1,060,516$504,432$388,207$877,885
65$1,106,160$466,621$338,683$887,480
66$1,154,489$424,986$285,530$897,001
67$1,205,717$379,280$228,565$906,473
68$1,260,074$329,239$167,596$915,925
69$1,317,813$274,583$102,422$925,394
70$1,379,212$215,020$32,836$934,927
71$1,444,574$150,238$0$944,577
72$1,514,231$79,910$0$959,272
73$1,588,545$3,688$0$978,657
74$1,667,914$0$0$998,993
75$1,752,776$0$0$1,049,026
76$1,843,607$0$0$1,104,052
77$1,940,933$0$0$1,163,053
78$2,045,329$0$0$1,226,383
79$2,157,425$0$0$1,294,431
80$2,277,914$0$0$1,367,623
81$2,407,556$0$0$1,446,428
82$2,547,187$0$0$1,531,358
83$2,697,723$0$0$1,622,979
84$2,860,172$0$0$1,721,911
85$3,035,640$0$0$1,828,837
86$3,225,343$0$0$1,944,504
87$3,430,618$0$0$2,069,737
88$3,652,934$0$0$2,205,440
89$3,893,906$0$0$2,352,610
90$4,155,312$0$0$2,512,341
91$4,439,104$0$0$2,685,838
92$4,747,431$0$0$2,874,423
93$5,082,657$0$0$3,079,556
94$5,447,383$0$0$3,302,838
95$5,844,468$0$0$3,546,034
96$6,277,062$0$0$3,811,084
97$6,748,630$0$0$4,100,125
98$7,262,983$0$0$4,415,508
99$7,824,319$0$0$4,759,821
100$8,437,257$0$0$5,135,913