Can I retire at age 55 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$55,823$55,326$54,841$54,368$53,905$52,347
2 years$27,635$27,121$26,622$26,138$25,669$24,112
3 years$18,241$17,724$17,226$16,747$16,286$14,778
4 years$13,544$13,029$12,536$12,065$11,615$10,169
5 years$10,727$10,215$9,729$9,267$8,830$7,448
6 years$8,849$8,341$7,862$7,411$6,987$5,671
7 years$7,509$7,005$6,533$6,093$5,682$4,433
8 years$6,504$6,004$5,541$5,111$4,714$3,530
9 years$5,723$5,228$4,772$4,354$3,970$2,851
10 years$5,098$4,608$4,161$3,753$3,382$2,326
11 years$4,587$4,102$3,663$3,266$2,909$1,914
12 years$4,162$3,682$3,251$2,865$2,521$1,585
13 years$3,803$3,328$2,904$2,529$2,198$1,319
14 years$3,495$3,025$2,610$2,245$1,927$1,103
15 years$3,228$2,763$2,356$2,002$1,697$925
16 years$2,995$2,535$2,136$1,793$1,499$778
17 years$2,789$2,335$1,944$1,611$1,330$656
18 years$2,607$2,157$1,774$1,452$1,182$555
19 years$2,444$1,999$1,624$1,312$1,054$469
20 years$2,298$1,858$1,491$1,188$941$398
21 years$2,165$1,731$1,371$1,078$842$337
22 years$2,045$1,615$1,264$980$755$287
23 years$1,935$1,511$1,167$893$678$244
24 years$1,835$1,416$1,079$814$609$207
25 years$1,743$1,328$1,000$744$548$176
26 years$1,658$1,249$927$680$494$150
27 years$1,579$1,175$861$622$445$128
28 years$1,507$1,107$800$570$402$109
29 years$1,439$1,045$745$523$363$93
30 years$1,376$986$694$480$328$79
31 years$1,317$933$647$441$296$68
32 years$1,262$882$603$405$268$58
33 years$1,211$836$563$373$243$49
34 years$1,162$792$526$343$220$42
35 years$1,117$751$492$316$199$36
36 years$1,074$713$460$291$180$31
37 years$1,033$677$431$268$163$26
38 years$995$644$404$247$148$22
39 years$959$612$378$228$134$19
40 years$924$582$354$210$122$16
41 years$892$554$332$194$110$14
42 years$861$528$312$179$100$12
43 years$831$503$292$165$91$10
44 years$803$479$275$152$83$9
45 years$776$457$258$141$75$7
46 years$751$436$242$130$68$6
47 years$727$416$227$120$62$5
48 years$703$397$214$111$56$5
49 years$681$379$201$103$51$4
50 years$660$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 $676,000, adding $6,167 every year, while hoping to spend $28,975 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: 53/29/18 Blend
54$676,000$676,000$676,000$676,000
55$751,313$715,485$705,007$787,150
56$797,118$719,715$697,796$816,611
57$846,624$723,181$689,372$845,084
58$900,177$725,814$679,664$875,433
59$958,160$727,544$668,597$907,842
60$1,020,991$728,293$656,094$942,521
61$1,089,132$727,979$642,073$979,697
62$1,163,089$726,515$626,448$1,019,624
63$1,243,420$723,810$609,129$1,062,585
64$1,330,738$719,766$590,025$1,108,889
65$1,425,718$714,279$569,035$1,158,881
66$1,529,102$707,240$546,058$1,212,943
67$1,641,707$698,531$520,988$1,271,497
68$1,764,432$688,030$493,712$1,335,008
69$1,898,266$675,605$464,113$1,403,994
70$2,044,297$661,118$432,069$1,479,024
71$2,203,724$644,422$397,452$1,560,732
72$2,377,867$625,361$360,130$1,649,815
73$2,568,177$603,771$319,962$1,747,046
74$2,776,254$579,479$276,803$1,853,279
75$3,003,857$552,298$230,501$1,969,457
76$3,252,925$522,036$180,898$2,096,623
77$3,525,592$488,484$127,827$2,235,932
78$3,824,209$451,426$71,115$2,388,657
79$4,151,363$410,631$10,582$2,556,207
80$4,509,905$365,855$0$2,740,136
81$4,902,975$316,841$0$2,952,538
82$5,334,028$263,317$0$3,187,781
83$5,806,875$204,994$0$3,445,967
84$6,325,707$141,571$0$3,729,451
85$6,895,147$72,725$0$4,040,836
86$7,520,282$0$0$4,382,990
87$8,206,719$0$0$4,759,678
88$8,960,632$0$0$5,198,952
89$9,788,825$0$0$5,681,577
90$10,698,790$0$0$6,211,927
91$11,698,785$0$0$6,794,825
92$12,797,904$0$0$7,435,580
93$14,006,167$0$0$8,140,044
94$15,334,613$0$0$8,914,664
95$16,795,405$0$0$9,766,542
96$18,401,943$0$0$10,703,502
97$20,168,989$0$0$11,734,167
98$22,112,812$0$0$12,868,035
99$24,251,331$0$0$14,115,573
100$26,604,294$0$0$15,488,312