Can I retire at age 55 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$55,741$55,244$54,760$54,287$53,825$52,165
2 years$27,594$27,081$26,582$26,100$25,631$23,973
3 years$18,214$17,697$17,201$16,722$16,261$14,657
4 years$13,524$13,009$12,518$12,047$11,598$10,060
5 years$10,711$10,200$9,714$9,254$8,816$7,349
6 years$8,836$8,329$7,851$7,400$6,976$5,581
7 years$7,498$6,994$6,524$6,084$5,673$4,350
8 years$6,494$5,996$5,533$5,104$4,707$3,454
9 years$5,714$5,220$4,765$4,347$3,964$2,780
10 years$5,091$4,601$4,155$3,747$3,377$2,262
11 years$4,581$4,096$3,658$3,261$2,905$1,855
12 years$4,156$3,677$3,246$2,861$2,517$1,531
13 years$3,797$3,323$2,900$2,526$2,195$1,270
14 years$3,489$3,020$2,606$2,242$1,924$1,058
15 years$3,223$2,759$2,353$1,999$1,694$885
16 years$2,991$2,531$2,133$1,790$1,497$741
17 years$2,785$2,331$1,941$1,608$1,328$623
18 years$2,603$2,154$1,772$1,450$1,180$524
19 years$2,440$1,996$1,622$1,310$1,052$442
20 years$2,294$1,855$1,489$1,186$940$373
21 years$2,162$1,728$1,369$1,077$841$316
22 years$2,042$1,613$1,262$979$754$267
23 years$1,932$1,509$1,165$892$677$226
24 years$1,832$1,414$1,078$813$608$191
25 years$1,740$1,327$998$743$547$162
26 years$1,655$1,247$926$679$493$138
27 years$1,577$1,173$860$621$444$117
28 years$1,504$1,106$799$569$401$99
29 years$1,437$1,043$744$522$362$84
30 years$1,374$985$693$479$327$71
31 years$1,315$931$646$440$296$61
32 years$1,260$881$602$404$268$52
33 years$1,209$834$563$372$242$44
34 years$1,160$791$526$342$219$37
35 years$1,115$750$491$315$199$32
36 years$1,072$712$460$290$180$27
37 years$1,032$676$430$267$163$23
38 years$993$643$403$246$148$19
39 years$957$611$378$227$134$17
40 years$923$581$354$210$122$14
41 years$890$553$332$193$110$12
42 years$859$527$311$178$100$10
43 years$830$502$292$165$91$9
44 years$802$479$274$152$82$7
45 years$775$456$257$140$75$6
46 years$750$435$242$130$68$5
47 years$726$416$227$120$62$5
48 years$702$397$213$111$56$4
49 years$680$379$201$102$51$3
50 years$659$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $675,000, adding $5,745 every year, while hoping to spend $45,860 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: 35/47/18 Blend
54$675,000$675,000$675,000$675,000
55$749,776$714,001$703,538$771,708
56$777,458$700,192$678,312$774,428
57$806,427$684,170$650,704$772,665
58$836,766$665,777$620,585$769,798
59$868,563$644,848$587,823$765,755
60$901,917$621,206$552,275$760,460
61$936,934$594,665$513,797$753,835
62$973,726$565,030$472,235$745,799
63$1,012,421$532,090$427,429$736,268
64$1,053,152$495,627$379,212$725,155
65$1,096,068$455,408$327,410$712,369
66$1,141,330$411,185$271,841$697,817
67$1,189,113$362,700$212,315$681,405
68$1,239,607$309,678$148,632$663,032
69$1,293,022$251,827$80,586$642,597
70$1,349,585$188,841$7,961$619,998
71$1,409,544$120,396$0$595,128
72$1,473,172$46,149$0$581,236
73$1,540,765$0$0$567,357
74$1,612,649$0$0$569,615
75$1,689,178$0$0$597,482
76$1,770,743$0$0$627,239
77$1,857,770$0$0$659,050
78$1,950,725$0$0$693,092
79$2,050,120$0$0$729,560
80$2,156,517$0$0$768,671
81$2,270,532$0$0$810,659
82$2,392,838$0$0$855,782
83$2,524,177$0$0$904,325
84$2,665,361$0$0$956,598
85$2,817,283$0$0$1,012,944
86$2,980,924$0$0$1,073,739
87$3,157,358$0$0$1,139,396
88$3,347,768$0$0$1,210,368
89$3,553,454$0$0$1,287,153
90$3,775,842$0$0$1,370,301
91$4,016,502$0$0$1,460,413
92$4,277,159$0$0$1,558,153
93$4,559,707$0$0$1,664,248
94$4,866,234$0$0$1,779,501
95$5,199,032$0$0$1,904,793
96$5,560,623$0$0$2,041,093
97$5,953,781$0$0$2,189,470
98$6,381,560$0$0$2,351,097
99$6,847,319$0$0$2,527,266
100$7,354,752$0$0$2,719,400