Can I retire at age 55 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,658$55,163$54,679$54,207$53,746$52,964
2 years$27,554$27,040$26,543$26,061$25,593$24,808
3 years$18,187$17,671$17,175$16,697$16,237$15,472
4 years$13,504$12,990$12,499$12,030$11,581$10,841
5 years$10,695$10,184$9,700$9,240$8,803$8,092
6 years$8,823$8,316$7,839$7,389$6,966$6,284
7 years$7,487$6,984$6,514$6,075$5,665$5,013
8 years$6,485$5,987$5,525$5,096$4,700$4,076
9 years$5,706$5,212$4,758$4,341$3,958$3,364
10 years$5,083$4,595$4,148$3,742$3,372$2,806
11 years$4,574$4,090$3,652$3,257$2,900$2,362
12 years$4,150$3,671$3,241$2,856$2,513$2,003
13 years$3,791$3,318$2,896$2,522$2,192$1,708
14 years$3,484$3,016$2,602$2,239$1,921$1,463
15 years$3,218$2,755$2,349$1,996$1,692$1,258
16 years$2,986$2,528$2,130$1,788$1,495$1,086
17 years$2,781$2,328$1,938$1,606$1,326$940
18 years$2,599$2,151$1,769$1,447$1,179$815
19 years$2,437$1,993$1,620$1,308$1,051$709
20 years$2,291$1,852$1,486$1,185$938$617
21 years$2,159$1,725$1,367$1,075$840$538
22 years$2,039$1,611$1,260$977$753$470
23 years$1,930$1,506$1,163$890$676$411
24 years$1,830$1,411$1,076$812$607$360
25 years$1,738$1,325$997$741$546$315
26 years$1,653$1,245$924$678$492$276
27 years$1,575$1,172$858$621$444$242
28 years$1,502$1,104$798$569$400$212
29 years$1,435$1,041$743$521$362$186
30 years$1,372$984$692$479$327$164
31 years$1,313$930$645$439$295$144
32 years$1,258$880$602$404$267$126
33 years$1,207$833$562$371$242$111
34 years$1,159$790$525$342$219$98
35 years$1,113$749$491$315$198$86
36 years$1,070$711$459$290$180$76
37 years$1,030$675$430$267$163$67
38 years$992$642$402$246$148$59
39 years$956$610$377$227$134$52
40 years$921$581$353$209$121$45
41 years$889$553$331$193$110$40
42 years$858$526$311$178$100$35
43 years$829$501$292$164$91$31
44 years$801$478$274$152$82$27
45 years$774$456$257$140$75$24
46 years$749$435$241$130$68$21
47 years$725$415$227$120$62$19
48 years$701$396$213$111$56$16
49 years$679$378$200$102$51$14
50 years$658$361$188$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $674,000, adding $3,491 every year, while hoping to spend $50,723 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: 59/23/18 Blend
54$674,000$674,000$674,000$674,000
55$746,349$710,627$700,180$786,690
56$768,508$691,479$669,667$795,261
57$791,227$669,692$636,432$798,725
58$814,509$645,085$600,330$801,346
59$838,358$617,463$561,210$803,050
60$862,773$586,621$518,913$803,759
61$887,755$552,344$473,275$803,391
62$913,299$514,402$424,123$801,855
63$939,401$472,553$371,277$799,057
64$966,053$426,542$314,548$794,894
65$993,245$376,097$253,740$789,260
66$1,020,963$320,933$188,647$782,037
67$1,049,190$260,747$119,056$773,102
68$1,077,905$195,222$44,742$762,324
69$1,107,083$124,019$0$749,560
70$1,136,692$46,783$0$741,298
71$1,166,697$0$0$740,341
72$1,197,056$0$0$747,292
73$1,227,719$0$0$766,252
74$1,258,630$0$0$785,342
75$1,289,722$0$0$804,518
76$1,320,921$0$0$823,731
77$1,352,142$0$0$842,924
78$1,383,286$0$0$862,033
79$1,414,243$0$0$880,984
80$1,444,889$0$0$899,696
81$1,475,082$0$0$918,075
82$1,504,664$0$0$936,017
83$1,533,455$0$0$953,405
84$1,561,255$0$0$970,106
85$1,587,840$0$0$985,973
86$1,612,957$0$0$1,000,842
87$1,636,326$0$0$1,014,528
88$1,657,632$0$0$1,026,826
89$1,676,525$0$0$1,037,505
90$1,692,614$0$0$1,046,311
91$1,705,465$0$0$1,052,959
92$1,714,592$0$0$1,057,133
93$1,719,459$0$0$1,058,481
94$1,719,466$0$0$1,056,612
95$1,713,950$0$0$1,051,093
96$1,702,172$0$0$1,041,442
97$1,683,315$0$0$1,027,125
98$1,656,472$0$0$1,007,551
99$1,620,636$0$0$982,064
100$1,574,695$0$0$949,937