Can I retire at age 55 with 675,000?

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 $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%14.6%
1 years$55,741$55,244$54,760$54,287$53,825$52,803
2 years$27,594$27,081$26,582$26,100$25,631$24,606
3 years$18,214$17,697$17,201$16,722$16,261$15,264
4 years$13,524$13,009$12,518$12,047$11,598$10,636
5 years$10,711$10,200$9,714$9,254$8,816$7,894
6 years$8,836$8,329$7,851$7,400$6,976$6,093
7 years$7,498$6,994$6,524$6,084$5,673$4,831
8 years$6,494$5,996$5,533$5,104$4,707$3,904
9 years$5,714$5,220$4,765$4,347$3,964$3,200
10 years$5,091$4,601$4,155$3,747$3,377$2,652
11 years$4,581$4,096$3,658$3,261$2,905$2,217
12 years$4,156$3,677$3,246$2,861$2,517$1,866
13 years$3,797$3,323$2,900$2,526$2,195$1,580
14 years$3,489$3,020$2,606$2,242$1,924$1,343
15 years$3,223$2,759$2,353$1,999$1,694$1,147
16 years$2,991$2,531$2,133$1,790$1,497$982
17 years$2,785$2,331$1,941$1,608$1,328$843
18 years$2,603$2,154$1,772$1,450$1,180$726
19 years$2,440$1,996$1,622$1,310$1,052$626
20 years$2,294$1,855$1,489$1,186$940$540
21 years$2,162$1,728$1,369$1,077$841$467
22 years$2,042$1,613$1,262$979$754$405
23 years$1,932$1,509$1,165$892$677$351
24 years$1,832$1,414$1,078$813$608$304
25 years$1,740$1,327$998$743$547$264
26 years$1,655$1,247$926$679$493$230
27 years$1,577$1,173$860$621$444$200
28 years$1,504$1,106$799$569$401$174
29 years$1,437$1,043$744$522$362$151
30 years$1,374$985$693$479$327$131
31 years$1,315$931$646$440$296$114
32 years$1,260$881$602$404$268$100
33 years$1,209$834$563$372$242$87
34 years$1,160$791$526$342$219$76
35 years$1,115$750$491$315$199$66
36 years$1,072$712$460$290$180$57
37 years$1,032$676$430$267$163$50
38 years$993$643$403$246$148$44
39 years$957$611$378$227$134$38
40 years$923$581$354$210$122$33
41 years$890$553$332$193$110$29
42 years$859$527$311$178$100$25
43 years$830$502$292$165$91$22
44 years$802$479$274$152$82$19
45 years$775$456$257$140$75$17
46 years$750$435$242$130$68$15
47 years$726$416$227$120$62$13
48 years$702$397$213$111$56$11
49 years$680$379$201$102$51$10
50 years$659$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $675,000, adding $3,400 every year, while hoping to spend $51,547 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: 73/14/13 Blend
54$675,000$675,000$675,000$675,000
55$747,357$711,582$701,120$799,620
56$768,742$691,604$669,761$814,676
57$790,580$668,919$635,625$824,474
58$812,864$643,341$598,563$833,817
59$835,583$614,671$558,422$842,647
60$858,723$582,701$515,039$850,901
61$882,267$547,208$468,248$858,510
62$906,195$507,958$417,871$865,400
63$930,484$464,704$363,726$871,490
64$955,103$417,184$305,621$876,693
65$980,019$365,122$243,354$880,915
66$1,005,192$308,224$176,718$884,053
67$1,030,577$246,183$105,494$885,996
68$1,056,122$178,672$29,454$886,622
69$1,081,766$105,346$0$885,802
70$1,107,439$25,841$0$890,564
71$1,133,065$0$0$898,409
72$1,158,553$0$0$914,394
73$1,183,803$0$0$934,152
74$1,208,702$0$0$953,610
75$1,233,121$0$0$972,664
76$1,256,917$0$0$991,198
77$1,279,927$0$0$1,009,081
78$1,301,971$0$0$1,026,166
79$1,322,845$0$0$1,042,290
80$1,342,323$0$0$1,057,270
81$1,360,151$0$0$1,070,900
82$1,376,046$0$0$1,082,953
83$1,389,692$0$0$1,093,175
84$1,400,739$0$0$1,101,281
85$1,408,796$0$0$1,106,958
86$1,413,428$0$0$1,109,854
87$1,414,152$0$0$1,109,579
88$1,410,431$0$0$1,105,702
89$1,401,670$0$0$1,097,743
90$1,387,207$0$0$1,085,168
91$1,366,310$0$0$1,067,388
92$1,338,166$0$0$1,043,747
93$1,301,875$0$0$1,013,520
94$1,256,440$0$0$975,905
95$1,200,756$0$0$930,012
96$1,133,601$0$0$874,856
97$1,053,623$0$0$809,349
98$959,326$0$0$732,286
99$849,055$0$0$642,334
100$720,980$0$0$538,021