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%15.1%
1 years$55,989$55,490$55,003$54,528$54,065$52,930
2 years$27,717$27,201$26,701$26,216$25,745$24,607
3 years$18,295$17,776$17,277$16,797$16,334$15,228
4 years$13,584$13,067$12,573$12,101$11,649$10,585
5 years$10,759$10,245$9,757$9,295$8,856$7,835
6 years$8,876$8,366$7,885$7,433$7,007$6,031
7 years$7,531$7,026$6,553$6,111$5,699$4,768
8 years$6,523$6,022$5,557$5,126$4,728$3,842
9 years$5,740$5,243$4,787$4,367$3,981$3,140
10 years$5,113$4,622$4,173$3,764$3,392$2,594
11 years$4,601$4,115$3,674$3,276$2,917$2,162
12 years$4,174$3,693$3,260$2,873$2,528$1,814
13 years$3,814$3,337$2,913$2,537$2,205$1,530
14 years$3,505$3,034$2,617$2,252$1,933$1,297
15 years$3,238$2,771$2,363$2,008$1,702$1,103
16 years$3,004$2,543$2,142$1,798$1,504$942
17 years$2,798$2,342$1,950$1,616$1,333$806
18 years$2,615$2,164$1,780$1,456$1,186$691
19 years$2,451$2,005$1,629$1,316$1,057$593
20 years$2,304$1,863$1,495$1,192$944$511
21 years$2,172$1,736$1,375$1,081$845$440
22 years$2,051$1,620$1,268$983$757$379
23 years$1,941$1,515$1,170$895$680$328
24 years$1,840$1,420$1,082$817$611$283
25 years$1,748$1,332$1,003$746$550$245
26 years$1,663$1,252$930$682$495$212
27 years$1,584$1,179$863$624$446$183
28 years$1,511$1,111$803$572$403$159
29 years$1,443$1,048$747$524$364$138
30 years$1,380$989$696$481$329$119
31 years$1,321$935$649$442$297$103
32 years$1,266$885$605$406$269$90
33 years$1,214$838$565$374$243$78
34 years$1,166$794$528$344$220$68
35 years$1,120$753$494$316$199$59
36 years$1,077$715$462$291$181$51
37 years$1,036$679$432$269$164$44
38 years$998$645$405$248$149$38
39 years$961$614$379$228$135$33
40 years$927$584$355$210$122$29
41 years$894$556$333$194$111$25
42 years$863$529$313$179$101$22
43 years$834$504$293$165$91$19
44 years$806$481$275$153$83$16
45 years$779$458$259$141$75$14
46 years$753$437$243$130$68$12
47 years$729$417$228$120$62$11
48 years$706$398$214$111$56$9
49 years$683$381$202$103$51$8
50 years$662$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 $678,000, adding $3,170 every year, while hoping to spend $21,298 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: 53/38/9 Blend
54$678,000$678,000$678,000$678,000
55$750,426$714,492$703,983$788,338
56$804,308$726,841$704,905$826,780
57$862,973$739,082$705,145$865,999
58$926,885$751,186$704,656$908,163
59$996,557$763,123$703,392$953,554
60$1,072,552$774,862$701,301$1,002,484
61$1,155,490$786,368$698,333$1,055,296
62$1,246,055$797,605$694,432$1,112,371
63$1,344,997$808,532$689,540$1,174,125
64$1,453,144$819,108$683,597$1,241,019
65$1,571,408$829,287$676,540$1,313,563
66$1,700,791$839,021$668,304$1,392,316
67$1,842,397$848,259$658,818$1,477,896
68$1,997,443$856,946$648,010$1,570,986
69$2,167,269$865,022$635,804$1,672,336
70$2,353,348$872,426$622,121$1,782,777
71$2,557,305$879,091$606,878$1,903,223
72$2,780,930$884,945$589,988$2,034,682
73$3,026,191$889,915$571,360$2,178,266
74$3,295,260$893,918$550,897$2,335,203
75$3,590,527$896,870$528,502$2,506,844
76$3,914,624$898,679$504,070$2,694,682
77$4,270,451$899,251$477,493$2,900,363
78$4,661,204$898,481$448,655$3,125,700
79$5,090,401$896,261$417,440$3,372,696
80$5,561,920$892,475$383,722$3,643,556
81$6,080,031$887,002$347,372$3,940,715
82$6,649,439$879,710$308,254$4,266,855
83$7,275,328$870,462$266,227$4,624,938
84$7,963,409$859,112$221,143$5,018,225
85$8,719,973$845,505$172,847$5,450,316
86$9,551,952$829,476$121,179$5,925,179
87$10,466,982$810,852$65,970$6,447,190
88$11,473,479$789,448$7,045$7,021,173
89$12,580,713$765,070$0$7,652,448
90$13,798,898$737,511$0$8,352,244
91$15,139,289$706,552$0$9,122,737
92$16,614,286$671,963$0$9,970,399
93$18,237,553$633,499$0$10,903,114
94$20,024,145$590,901$0$11,929,572
95$21,990,649$543,897$0$13,059,351
96$24,155,344$492,196$0$14,303,012
97$26,538,369$435,495$0$15,672,197
98$29,161,918$373,469$0$17,179,738
99$32,050,442$305,777$0$18,839,781
100$35,230,887$232,060$0$20,667,920