Can I retire at age 55 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$55,576$55,081$54,598$54,126$53,666$52,433
2 years$27,513$27,000$26,504$26,022$25,555$24,319
3 years$18,160$17,645$17,150$16,673$16,213$15,014
4 years$13,484$12,971$12,481$12,012$11,563$10,409
5 years$10,679$10,169$9,685$9,226$8,790$7,685
6 years$8,810$8,304$7,827$7,378$6,956$5,900
7 years$7,476$6,974$6,504$6,066$5,657$4,651
8 years$6,475$5,978$5,516$5,089$4,693$3,737
9 years$5,697$5,205$4,751$4,334$3,952$3,045
10 years$5,076$4,588$4,142$3,736$3,367$2,508
11 years$4,567$4,084$3,647$3,252$2,896$2,083
12 years$4,144$3,666$3,236$2,852$2,510$1,742
13 years$3,786$3,313$2,891$2,518$2,188$1,465
14 years$3,479$3,011$2,598$2,235$1,918$1,237
15 years$3,214$2,751$2,346$1,993$1,689$1,049
16 years$2,982$2,524$2,127$1,785$1,493$892
17 years$2,777$2,324$1,935$1,604$1,324$760
18 years$2,596$2,148$1,767$1,445$1,177$650
19 years$2,433$1,991$1,617$1,306$1,049$556
20 years$2,287$1,850$1,484$1,183$937$477
21 years$2,155$1,723$1,365$1,073$838$409
22 years$2,036$1,608$1,258$976$752$352
23 years$1,927$1,504$1,162$889$675$302
24 years$1,827$1,409$1,074$811$606$260
25 years$1,735$1,323$995$740$546$224
26 years$1,651$1,243$923$677$492$193
27 years$1,572$1,170$857$620$443$167
28 years$1,500$1,102$797$568$400$144
29 years$1,433$1,040$741$521$361$124
30 years$1,370$982$691$478$326$107
31 years$1,311$928$644$439$295$92
32 years$1,257$878$601$403$267$80
33 years$1,205$832$561$371$241$69
34 years$1,157$788$524$341$219$60
35 years$1,112$748$490$314$198$52
36 years$1,069$710$458$289$179$45
37 years$1,029$674$429$267$163$38
38 years$990$641$402$246$147$33
39 years$954$609$376$227$134$29
40 years$920$580$353$209$121$25
41 years$888$552$331$193$110$22
42 years$857$525$310$178$100$19
43 years$828$501$291$164$91$16
44 years$800$477$273$152$82$14
45 years$773$455$257$140$75$12
46 years$748$434$241$129$68$10
47 years$723$414$226$120$62$9
48 years$700$396$213$110$56$8
49 years$678$378$200$102$51$7
50 years$657$361$188$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $673,000, adding $5,492 every year, while hoping to spend $34,114 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: 48/34/18 Blend
54$673,000$673,000$673,000$673,000
55$747,311$711,642$701,210$779,152
56$787,240$710,215$688,404$800,388
57$830,098$707,576$674,025$819,524
58$876,148$703,627$657,985$839,575
59$925,679$698,268$640,191$860,641
60$979,007$691,393$620,547$882,832
61$1,036,480$682,885$598,950$906,274
62$1,098,480$672,626$575,294$931,105
63$1,165,428$660,487$549,468$957,483
64$1,237,783$646,332$521,357$985,580
65$1,316,053$630,019$490,839$1,015,591
66$1,400,795$611,394$457,787$1,047,733
67$1,492,622$590,298$422,068$1,082,248
68$1,592,207$566,561$383,545$1,119,407
69$1,700,290$540,001$342,072$1,159,510
70$1,817,687$510,428$297,499$1,202,892
71$1,945,294$477,641$249,668$1,249,925
72$2,084,096$441,428$198,413$1,301,025
73$2,235,177$401,561$143,564$1,356,654
74$2,399,732$357,805$84,940$1,417,323
75$2,579,073$309,906$22,354$1,483,604
76$2,774,646$257,599$0$1,556,130
77$2,988,042$200,602$0$1,644,138
78$3,221,010$138,620$0$1,745,012
79$3,475,480$71,339$0$1,855,361
80$3,753,572$0$0$1,976,189
81$4,057,622$0$0$2,109,195
82$4,390,203$0$0$2,283,948
83$4,754,147$0$0$2,475,253
84$5,152,571$0$0$2,684,760
85$5,588,910$0$0$2,914,282
86$6,066,945$0$0$3,165,819
87$6,590,840$0$0$3,441,574
88$7,165,183$0$0$3,743,969
89$7,795,023$0$0$4,075,677
90$8,485,926$0$0$4,439,638
91$9,244,018$0$0$4,839,093
92$10,076,051$0$0$5,277,610
93$10,989,459$0$0$5,759,121
94$11,992,433$0$0$6,287,958
95$13,093,995$0$0$6,868,890
96$14,304,083$0$0$7,507,173
97$15,633,647$0$0$8,208,597
98$17,094,750$0$0$8,979,541
99$18,700,678$0$0$9,827,031
100$20,466,072$0$0$10,758,810