Can I retire at age 55 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$55,906$55,408$54,922$54,448$53,985$52,830
2 years$27,676$27,161$26,661$26,177$25,707$24,549
3 years$18,268$17,750$17,252$16,772$16,310$15,185
4 years$13,564$13,048$12,555$12,083$11,632$10,549
5 years$10,743$10,230$9,743$9,281$8,843$7,805
6 years$8,863$8,353$7,874$7,422$6,997$6,005
7 years$7,520$7,015$6,543$6,102$5,690$4,744
8 years$6,514$6,013$5,549$5,119$4,721$3,821
9 years$5,731$5,236$4,779$4,360$3,975$3,121
10 years$5,106$4,615$4,167$3,759$3,387$2,577
11 years$4,594$4,108$3,668$3,271$2,913$2,146
12 years$4,168$3,688$3,256$2,869$2,525$1,799
13 years$3,808$3,332$2,909$2,533$2,201$1,517
14 years$3,500$3,029$2,613$2,249$1,930$1,285
15 years$3,233$2,767$2,360$2,005$1,699$1,092
16 years$2,999$2,539$2,139$1,796$1,502$931
17 years$2,794$2,338$1,947$1,613$1,331$796
18 years$2,611$2,161$1,777$1,454$1,184$682
19 years$2,448$2,002$1,627$1,314$1,055$586
20 years$2,301$1,861$1,493$1,190$943$504
21 years$2,168$1,733$1,373$1,080$843$434
22 years$2,048$1,618$1,266$982$756$374
23 years$1,938$1,513$1,169$894$679$322
24 years$1,838$1,418$1,081$816$610$278
25 years$1,745$1,330$1,001$745$549$241
26 years$1,660$1,250$928$681$494$208
27 years$1,582$1,177$862$623$446$180
28 years$1,509$1,109$801$571$402$156
29 years$1,441$1,046$746$524$363$135
30 years$1,378$988$695$481$328$117
31 years$1,319$934$648$441$297$101
32 years$1,264$884$604$406$268$88
33 years$1,212$837$564$373$243$76
34 years$1,164$793$527$343$220$66
35 years$1,118$752$493$316$199$57
36 years$1,075$714$461$291$180$50
37 years$1,035$678$432$268$164$43
38 years$996$645$404$247$148$37
39 years$960$613$379$228$134$32
40 years$926$583$355$210$122$28
41 years$893$555$333$194$111$24
42 years$862$529$312$179$100$21
43 years$832$504$293$165$91$18
44 years$804$480$275$153$83$16
45 years$778$458$258$141$75$14
46 years$752$437$242$130$68$12
47 years$728$417$228$120$62$10
48 years$705$398$214$111$56$9
49 years$682$380$201$103$51$8
50 years$661$363$189$95$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $677,000, adding $4,094 every year, while hoping to spend $45,839 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: 63/13/24 Blend
54$677,000$677,000$677,000$677,000
55$750,277$714,396$703,902$792,573
56$778,033$700,629$678,711$807,886
57$807,084$684,651$651,139$819,158
58$837,513$666,306$621,059$830,446
59$869,411$645,427$588,336$841,756
60$902,877$621,838$552,831$853,099
61$938,017$595,355$514,398$864,488
62$974,947$565,780$472,883$875,938
63$1,013,794$532,905$428,126$887,468
64$1,054,694$496,511$379,962$899,104
65$1,097,797$456,364$328,214$910,873
66$1,143,265$412,219$272,703$922,811
67$1,191,276$363,816$213,237$934,957
68$1,242,024$310,880$149,617$947,360
69$1,295,719$253,122$81,638$960,076
70$1,352,591$190,234$9,082$973,168
71$1,412,893$121,893$0$986,712
72$1,476,899$47,756$0$1,018,296
73$1,544,910$0$0$1,054,137
74$1,617,255$0$0$1,096,736
75$1,694,295$0$0$1,149,401
76$1,776,423$0$0$1,205,572
77$1,864,072$0$0$1,265,550
78$1,957,714$0$0$1,329,661
79$2,057,868$0$0$1,398,265
80$2,165,103$0$0$1,471,755
81$2,280,041$0$0$1,550,563
82$2,403,368$0$0$1,635,164
83$2,535,832$0$0$1,726,076
84$2,678,259$0$0$1,823,872
85$2,831,552$0$0$1,929,178
86$2,996,704$0$0$2,042,682
87$3,174,806$0$0$2,165,140
88$3,367,056$0$0$2,297,383
89$3,574,772$0$0$2,440,325
90$3,799,399$0$0$2,594,967
91$4,042,527$0$0$2,762,413
92$4,305,907$0$0$2,943,876
93$4,591,458$0$0$3,140,688
94$4,901,296$0$0$3,354,317
95$5,237,745$0$0$3,586,373
96$5,603,361$0$0$3,838,632
97$6,000,959$0$0$4,113,044
98$6,433,633$0$0$4,411,757
99$6,904,787$0$0$4,737,132
100$7,418,169$0$0$5,091,771