Can I retire at age 55 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$55,989$55,490$55,003$54,528$54,065$53,837
2 years$27,717$27,201$26,701$26,216$25,745$25,515
3 years$18,295$17,776$17,277$16,797$16,334$16,109
4 years$13,584$13,067$12,573$12,101$11,649$11,431
5 years$10,759$10,245$9,757$9,295$8,856$8,645
6 years$8,876$8,366$7,885$7,433$7,007$6,804
7 years$7,531$7,026$6,553$6,111$5,699$5,503
8 years$6,523$6,022$5,557$5,126$4,728$4,540
9 years$5,740$5,243$4,787$4,367$3,981$3,801
10 years$5,113$4,622$4,173$3,764$3,392$3,220
11 years$4,601$4,115$3,674$3,276$2,917$2,752
12 years$4,174$3,693$3,260$2,873$2,528$2,370
13 years$3,814$3,337$2,913$2,537$2,205$2,054
14 years$3,505$3,034$2,617$2,252$1,933$1,789
15 years$3,238$2,771$2,363$2,008$1,702$1,565
16 years$3,004$2,543$2,142$1,798$1,504$1,374
17 years$2,798$2,342$1,950$1,616$1,333$1,210
18 years$2,615$2,164$1,780$1,456$1,186$1,068
19 years$2,451$2,005$1,629$1,316$1,057$946
20 years$2,304$1,863$1,495$1,192$944$839
21 years$2,172$1,736$1,375$1,081$845$745
22 years$2,051$1,620$1,268$983$757$663
23 years$1,941$1,515$1,170$895$680$591
24 years$1,840$1,420$1,082$817$611$527
25 years$1,748$1,332$1,003$746$550$471
26 years$1,663$1,252$930$682$495$421
27 years$1,584$1,179$863$624$446$376
28 years$1,511$1,111$803$572$403$337
29 years$1,443$1,048$747$524$364$302
30 years$1,380$989$696$481$329$271
31 years$1,321$935$649$442$297$243
32 years$1,266$885$605$406$269$218
33 years$1,214$838$565$374$243$195
34 years$1,166$794$528$344$220$175
35 years$1,120$753$494$316$199$158
36 years$1,077$715$462$291$181$142
37 years$1,036$679$432$269$164$127
38 years$998$645$405$248$149$114
39 years$961$614$379$228$135$103
40 years$927$584$355$210$122$93
41 years$894$556$333$194$111$83
42 years$863$529$313$179$101$75
43 years$834$504$293$165$91$67
44 years$806$481$275$153$83$61
45 years$779$458$259$141$75$55
46 years$753$437$243$130$68$49
47 years$729$417$228$120$62$44
48 years$706$398$214$111$56$40
49 years$683$381$202$103$51$36
50 years$662$363$189$95$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $678,000, adding $4,034 every year, while hoping to spend $32,919 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: 49/28/23 Blend
54$678,000$678,000$678,000$678,000
55$751,317$715,383$704,874$783,073
56$792,926$715,411$693,462$805,635
57$837,675$714,338$680,564$826,496
58$885,851$712,073$666,096$848,488
59$937,767$708,524$649,969$871,729
60$993,768$703,590$632,091$896,356
61$1,054,232$697,165$612,366$922,518
62$1,119,574$689,137$590,691$950,384
63$1,190,253$679,387$566,961$980,139
64$1,266,769$667,788$541,065$1,011,992
65$1,349,677$654,206$512,888$1,046,174
66$1,439,583$638,501$482,308$1,082,944
67$1,537,154$620,522$449,200$1,122,587
68$1,643,126$600,109$413,430$1,165,422
69$1,758,306$577,096$374,862$1,211,804
70$1,883,584$551,304$333,350$1,262,126
71$2,019,936$522,545$288,744$1,316,826
72$2,168,440$490,620$240,887$1,376,387
73$2,330,279$455,318$189,615$1,441,350
74$2,506,756$416,418$134,756$1,512,311
75$2,699,306$373,683$76,131$1,589,934
76$2,909,507$326,865$13,553$1,674,954
77$3,139,097$275,702$0$1,768,186
78$3,389,988$219,915$0$1,883,595
79$3,664,288$159,212$0$2,013,519
80$3,964,315$93,283$0$2,155,789
81$4,292,623$21,801$0$2,311,686
82$4,652,022$0$0$2,482,628
83$5,045,608$0$0$2,687,303
84$5,476,791$0$0$2,918,961
85$5,949,326$0$0$3,172,910
86$6,467,347$0$0$3,451,384
87$7,035,409$0$0$3,756,839
88$7,658,528$0$0$4,091,983
89$8,342,228$0$0$4,459,798
90$9,092,595$0$0$4,863,569
91$9,916,333$0$0$5,306,914
92$10,820,825$0$0$5,793,819
93$11,814,205$0$0$6,328,674
94$12,905,435$0$0$6,916,318
95$14,104,385$0$0$7,562,077
96$15,421,929$0$0$8,271,824
97$16,870,048$0$0$9,052,024
98$18,461,941$0$0$9,909,804
99$20,212,148$0$0$10,853,014
100$22,136,689$0$0$11,890,301