Can I retire at age 55 with 677,000?

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 $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%20%
1 years$55,906$55,408$54,922$54,448$53,985$51,823
2 years$27,676$27,161$26,661$26,177$25,707$23,556
3 years$18,268$17,750$17,252$16,772$16,310$14,237
4 years$13,564$13,048$12,555$12,083$11,632$9,654
5 years$10,743$10,230$9,743$9,281$8,843$6,964
6 years$8,863$8,353$7,874$7,422$6,997$5,219
7 years$7,520$7,015$6,543$6,102$5,690$4,012
8 years$6,514$6,013$5,549$5,119$4,721$3,141
9 years$5,731$5,236$4,779$4,360$3,975$2,492
10 years$5,106$4,615$4,167$3,759$3,387$1,996
11 years$4,594$4,108$3,668$3,271$2,913$1,612
12 years$4,168$3,688$3,256$2,869$2,525$1,309
13 years$3,808$3,332$2,909$2,533$2,201$1,069
14 years$3,500$3,029$2,613$2,249$1,930$875
15 years$3,233$2,767$2,360$2,005$1,699$719
16 years$2,999$2,539$2,139$1,796$1,502$593
17 years$2,794$2,338$1,947$1,613$1,331$489
18 years$2,611$2,161$1,777$1,454$1,184$404
19 years$2,448$2,002$1,627$1,314$1,055$335
20 years$2,301$1,861$1,493$1,190$943$278
21 years$2,168$1,733$1,373$1,080$843$230
22 years$2,048$1,618$1,266$982$756$191
23 years$1,938$1,513$1,169$894$679$159
24 years$1,838$1,418$1,081$816$610$132
25 years$1,745$1,330$1,001$745$549$110
26 years$1,660$1,250$928$681$494$91
27 years$1,582$1,177$862$623$446$76
28 years$1,509$1,109$801$571$402$63
29 years$1,441$1,046$746$524$363$53
30 years$1,378$988$695$481$328$44
31 years$1,319$934$648$441$297$37
32 years$1,264$884$604$406$268$30
33 years$1,212$837$564$373$243$25
34 years$1,164$793$527$343$220$21
35 years$1,118$752$493$316$199$18
36 years$1,075$714$461$291$180$15
37 years$1,035$678$432$268$164$12
38 years$996$645$404$247$148$10
39 years$960$613$379$228$134$8
40 years$926$583$355$210$122$7
41 years$893$555$333$194$111$6
42 years$862$529$312$179$100$5
43 years$832$504$293$165$91$4
44 years$804$480$275$153$83$3
45 years$778$458$258$141$75$3
46 years$752$437$242$130$68$2
47 years$728$417$228$120$62$2
48 years$705$398$214$111$56$2
49 years$682$380$201$103$51$1
50 years$661$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $677,000, adding $2,449 every year, while hoping to spend $27,639 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: 57/24/19 Blend
54$677,000$677,000$677,000$677,000
55$748,580$712,699$702,206$787,338
56$795,528$718,214$696,322$819,496
57$846,337$723,072$689,315$851,330
58$901,374$727,213$681,117$885,406
59$961,039$730,571$671,659$921,948
60$1,025,773$733,078$660,868$961,199
61$1,096,062$734,658$648,667$1,003,432
62$1,172,438$735,234$634,975$1,048,946
63$1,255,489$734,722$619,708$1,098,072
64$1,345,859$733,035$602,780$1,151,176
65$1,444,261$730,077$584,096$1,208,663
66$1,551,475$725,750$563,563$1,270,980
67$1,668,361$719,948$541,078$1,338,622
68$1,795,867$712,558$516,537$1,412,133
69$1,935,034$703,463$489,831$1,492,118
70$2,087,011$692,535$460,843$1,579,243
71$2,253,058$679,642$429,453$1,674,244
72$2,434,568$664,642$395,538$1,777,933
73$2,633,070$647,386$358,964$1,891,210
74$2,850,250$627,714$319,596$2,015,066
75$3,087,963$605,460$277,291$2,150,597
76$3,348,253$580,445$231,898$2,299,012
77$3,633,370$552,483$183,262$2,461,646
78$3,945,793$521,373$131,219$2,639,975
79$4,288,249$486,906$75,601$2,835,627
80$4,663,746$448,860$16,229$3,050,399
81$5,075,594$407,000$0$3,286,275
82$5,527,439$361,077$0$3,554,999
83$6,023,297$310,829$0$3,853,568
84$6,567,592$255,979$0$4,181,396
85$7,165,198$196,233$0$4,541,469
86$7,821,483$131,283$0$4,937,083
87$8,542,360$60,802$0$5,371,868
88$9,334,343$0$0$5,849,830
89$10,204,610$0$0$6,379,492
90$11,161,066$0$0$6,979,322
91$12,212,422$0$0$7,638,732
92$13,368,273$0$0$8,363,748
93$14,639,192$0$0$9,161,011
94$16,036,826$0$0$10,037,836
95$17,574,009$0$0$11,002,282
96$19,264,879$0$0$12,063,231
97$21,125,015$0$0$13,230,466
98$23,171,581$0$0$14,514,767
99$25,423,489$0$0$15,928,013
100$27,901,577$0$0$17,483,292