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%12.7%
1 years$55,576$55,081$54,598$54,126$53,666$53,061
2 years$27,513$27,000$26,504$26,022$25,555$24,947
3 years$18,160$17,645$17,150$16,673$16,213$15,619
4 years$13,484$12,971$12,481$12,012$11,563$10,989
5 years$10,679$10,169$9,685$9,226$8,790$8,237
6 years$8,810$8,304$7,827$7,378$6,956$6,424
7 years$7,476$6,974$6,504$6,066$5,657$5,147
8 years$6,475$5,978$5,516$5,089$4,693$4,205
9 years$5,697$5,205$4,751$4,334$3,952$3,486
10 years$5,076$4,588$4,142$3,736$3,367$2,923
11 years$4,567$4,084$3,647$3,252$2,896$2,473
12 years$4,144$3,666$3,236$2,852$2,510$2,107
13 years$3,786$3,313$2,891$2,518$2,188$1,806
14 years$3,479$3,011$2,598$2,235$1,918$1,555
15 years$3,214$2,751$2,346$1,993$1,689$1,345
16 years$2,982$2,524$2,127$1,785$1,493$1,167
17 years$2,777$2,324$1,935$1,604$1,324$1,016
18 years$2,596$2,148$1,767$1,445$1,177$886
19 years$2,433$1,991$1,617$1,306$1,049$775
20 years$2,287$1,850$1,484$1,183$937$679
21 years$2,155$1,723$1,365$1,073$838$596
22 years$2,036$1,608$1,258$976$752$523
23 years$1,927$1,504$1,162$889$675$460
24 years$1,827$1,409$1,074$811$606$405
25 years$1,735$1,323$995$740$546$357
26 years$1,651$1,243$923$677$492$315
27 years$1,572$1,170$857$620$443$278
28 years$1,500$1,102$797$568$400$246
29 years$1,433$1,040$741$521$361$217
30 years$1,370$982$691$478$326$192
31 years$1,311$928$644$439$295$170
32 years$1,257$878$601$403$267$150
33 years$1,205$832$561$371$241$133
34 years$1,157$788$524$341$219$118
35 years$1,112$748$490$314$198$104
36 years$1,069$710$458$289$179$92
37 years$1,029$674$429$267$163$82
38 years$990$641$402$246$147$72
39 years$954$609$376$227$134$64
40 years$920$580$353$209$121$57
41 years$888$552$331$193$110$50
42 years$857$525$310$178$100$45
43 years$828$501$291$164$91$40
44 years$800$477$273$152$82$35
45 years$773$455$257$140$75$31
46 years$748$434$241$129$68$28
47 years$723$414$226$120$62$25
48 years$700$396$213$110$56$22
49 years$678$378$200$102$51$19
50 years$657$361$188$94$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $673,000, adding $4,812 every year, while hoping to spend $36,460 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: 62/24/14 Blend
54$673,000$673,000$673,000$673,000
55$746,610$710,941$700,509$790,061
56$783,971$706,984$685,183$815,861
57$823,920$701,611$668,121$839,432
58$866,685$694,714$649,228$864,281
59$912,511$686,179$628,401$890,533
60$961,670$675,885$605,536$918,327
61$1,014,460$663,703$580,521$947,819
62$1,071,208$649,497$553,241$979,181
63$1,132,272$633,123$523,575$1,012,605
64$1,198,046$614,429$491,398$1,048,304
65$1,268,963$593,252$456,576$1,086,512
66$1,345,498$569,423$418,972$1,127,493
67$1,428,174$542,759$378,443$1,171,535
68$1,517,563$513,070$334,836$1,218,963
69$1,614,298$480,153$287,996$1,270,133
70$1,719,070$443,795$237,758$1,325,441
71$1,832,643$403,769$183,951$1,385,326
72$1,955,854$359,835$126,395$1,450,276
73$2,089,626$311,742$64,904$1,520,829
74$2,234,973$259,222$0$1,597,583
75$2,393,009$201,993$0$1,681,307
76$2,564,962$139,756$0$1,782,981
77$2,752,181$72,198$0$1,893,741
78$2,956,154$0$0$2,014,519
79$3,178,514$0$0$2,146,611
80$3,421,061$0$0$2,311,539
81$3,685,776$0$0$2,491,588
82$3,974,838$0$0$2,688,246
83$4,290,647$0$0$2,903,152
84$4,635,846$0$0$3,138,112
85$5,013,343$0$0$3,395,111
86$5,426,341$0$0$3,676,336
87$5,878,366$0$0$3,984,196
88$6,373,302$0$0$4,321,344
89$6,915,425$0$0$4,690,699
90$7,509,443$0$0$5,095,479
91$8,160,544$0$0$5,539,226
92$8,874,439$0$0$6,025,841
93$9,657,418$0$0$6,559,622
94$10,516,413$0$0$7,145,302
95$11,459,053$0$0$7,788,094
96$12,493,747$0$0$8,493,741
97$13,629,755$0$0$9,268,568
98$14,877,277$0$0$10,119,545
99$16,247,551$0$0$11,054,347
100$17,752,956$0$0$12,081,431