Can I retire at age 55 with 673,000?

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 $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%19.9%
1 years$55,576$55,081$54,598$54,126$53,666$51,537
2 years$27,513$27,000$26,504$26,022$25,555$23,436
3 years$18,160$17,645$17,150$16,673$16,213$14,172
4 years$13,484$12,971$12,481$12,012$11,563$9,615
5 years$10,679$10,169$9,685$9,226$8,790$6,939
6 years$8,810$8,304$7,827$7,378$6,956$5,203
7 years$7,476$6,974$6,504$6,066$5,657$4,003
8 years$6,475$5,978$5,516$5,089$4,693$3,135
9 years$5,697$5,205$4,751$4,334$3,952$2,489
10 years$5,076$4,588$4,142$3,736$3,367$1,995
11 years$4,567$4,084$3,647$3,252$2,896$1,612
12 years$4,144$3,666$3,236$2,852$2,510$1,310
13 years$3,786$3,313$2,891$2,518$2,188$1,070
14 years$3,479$3,011$2,598$2,235$1,918$877
15 years$3,214$2,751$2,346$1,993$1,689$721
16 years$2,982$2,524$2,127$1,785$1,493$595
17 years$2,777$2,324$1,935$1,604$1,324$491
18 years$2,596$2,148$1,767$1,445$1,177$407
19 years$2,433$1,991$1,617$1,306$1,049$337
20 years$2,287$1,850$1,484$1,183$937$279
21 years$2,155$1,723$1,365$1,073$838$232
22 years$2,036$1,608$1,258$976$752$193
23 years$1,927$1,504$1,162$889$675$160
24 years$1,827$1,409$1,074$811$606$133
25 years$1,735$1,323$995$740$546$111
26 years$1,651$1,243$923$677$492$92
27 years$1,572$1,170$857$620$443$77
28 years$1,500$1,102$797$568$400$64
29 years$1,433$1,040$741$521$361$53
30 years$1,370$982$691$478$326$44
31 years$1,311$928$644$439$295$37
32 years$1,257$878$601$403$267$31
33 years$1,205$832$561$371$241$26
34 years$1,157$788$524$341$219$21
35 years$1,112$748$490$314$198$18
36 years$1,069$710$458$289$179$15
37 years$1,029$674$429$267$163$12
38 years$990$641$402$246$147$10
39 years$954$609$376$227$134$9
40 years$920$580$353$209$121$7
41 years$888$552$331$193$110$6
42 years$857$525$310$178$100$5
43 years$828$501$291$164$91$4
44 years$800$477$273$152$82$3
45 years$773$455$257$140$75$3
46 years$748$434$241$129$68$2
47 years$723$414$226$120$62$2
48 years$700$396$213$110$56$2
49 years$678$378$200$102$51$1
50 years$657$361$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $673,000, adding $5,186 every year, while hoping to spend $32,848 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: 45/37/18 Blend
54$673,000$673,000$673,000$673,000
55$746,995$711,326$700,895$776,535
56$788,239$711,231$689,425$797,640
57$832,588$710,031$676,470$816,834
58$880,326$707,636$661,945$836,955
59$931,761$703,952$645,762$858,104
60$987,234$698,879$627,829$880,393
61$1,047,120$692,312$608,049$903,948
62$1,111,828$684,137$586,320$928,912
63$1,181,810$674,236$562,538$955,442
64$1,257,563$662,481$536,591$983,714
65$1,339,631$648,740$508,363$1,013,926
66$1,428,615$632,869$477,735$1,046,298
67$1,525,174$614,720$444,579$1,081,074
68$1,630,034$594,133$408,765$1,118,530
69$1,743,992$570,940$370,153$1,158,969
70$1,867,926$544,963$328,600$1,202,730
71$2,002,801$516,014$283,955$1,250,193
72$2,149,681$483,893$236,062$1,301,777
73$2,309,735$448,390$184,756$1,357,950
74$2,484,249$409,282$129,866$1,419,232
75$2,674,639$366,333$71,213$1,486,200
76$2,882,464$319,296$8,611$1,559,497
77$3,109,441$267,906$0$1,639,836
78$3,357,457$211,887$0$1,739,184
79$3,628,593$150,945$0$1,849,734
80$3,925,138$84,770$0$1,970,845
81$4,249,613$13,034$0$2,103,641
82$4,604,794$0$0$2,249,364
83$4,993,738$0$0$2,435,691
84$5,419,811$0$0$2,645,698
85$5,886,719$0$0$2,875,916
86$6,398,546$0$0$3,128,366
87$6,959,788$0$0$3,405,279
88$7,575,397$0$0$3,709,108
89$8,250,828$0$0$4,042,557
90$8,992,089$0$0$4,408,604
91$9,805,799$0$0$4,810,530
92$10,699,247$0$0$5,251,947
93$11,680,465$0$0$5,736,838
94$12,758,298$0$0$6,269,587
95$13,942,493$0$0$6,855,026
96$15,243,786$0$0$7,498,477
97$16,674,004$0$0$8,205,803
98$18,246,178$0$0$8,983,465
99$19,974,663$0$0$9,838,579
100$21,875,276$0$0$10,778,987