Can I retire at age 55 with 680,000?

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 $680,000?

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 years$56,154$55,654$55,166$54,689$54,224$53,108
2 years$27,799$27,281$26,779$26,293$25,821$24,701
3 years$18,349$17,829$17,328$16,846$16,382$15,294
4 years$13,624$13,106$12,610$12,137$11,684$10,636
5 years$10,790$10,275$9,786$9,322$8,882$7,877
6 years$8,902$8,390$7,909$7,455$7,028$6,067
7 years$7,553$7,046$6,572$6,129$5,716$4,799
8 years$6,542$6,040$5,574$5,142$4,742$3,869
9 years$5,757$5,259$4,801$4,379$3,993$3,164
10 years$5,128$4,635$4,185$3,775$3,402$2,616
11 years$4,615$4,127$3,685$3,286$2,926$2,181
12 years$4,187$3,704$3,270$2,882$2,536$1,831
13 years$3,825$3,347$2,922$2,544$2,211$1,546
14 years$3,515$3,043$2,625$2,258$1,938$1,311
15 years$3,247$2,779$2,370$2,014$1,707$1,116
16 years$3,013$2,550$2,149$1,803$1,508$953
17 years$2,806$2,348$1,955$1,620$1,337$816
18 years$2,622$2,170$1,785$1,460$1,189$700
19 years$2,459$2,011$1,634$1,320$1,060$602
20 years$2,311$1,869$1,500$1,195$947$518
21 years$2,178$1,741$1,379$1,085$847$447
22 years$2,057$1,625$1,271$986$759$386
23 years$1,947$1,520$1,174$898$682$333
24 years$1,846$1,424$1,086$819$613$288
25 years$1,753$1,336$1,005$748$551$250
26 years$1,668$1,256$933$684$497$216
27 years$1,589$1,182$866$626$448$187
28 years$1,516$1,114$805$574$404$162
29 years$1,448$1,051$749$526$365$141
30 years$1,384$992$698$483$330$122
31 years$1,325$938$651$443$298$106
32 years$1,270$888$607$407$270$92
33 years$1,218$841$567$375$244$80
34 years$1,169$797$530$345$221$69
35 years$1,123$756$495$317$200$60
36 years$1,080$717$463$292$181$52
37 years$1,039$681$433$269$164$45
38 years$1,001$647$406$248$149$40
39 years$964$616$380$229$135$34
40 years$930$586$356$211$123$30
41 years$897$558$334$195$111$26
42 years$866$531$314$180$101$23
43 years$836$506$294$166$92$20
44 years$808$482$276$153$83$17
45 years$781$460$259$141$75$15
46 years$755$439$244$131$68$13
47 years$731$419$229$121$62$11
48 years$708$400$215$112$56$10
49 years$685$382$202$103$51$8
50 years$664$365$190$95$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $680,000, adding $6,839 every year, while hoping to spend $39,809 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: 75/7/18 Blend
54$680,000$680,000$680,000$680,000
55$756,414$720,374$709,834$809,518
56$791,212$713,316$691,257$838,551
57$828,225$704,578$670,724$864,796
58$867,637$694,035$648,126$892,510
59$909,650$681,557$623,352$921,830
60$954,483$667,002$596,283$952,907
61$1,002,379$650,224$566,797$985,905
62$1,053,602$631,065$534,766$1,021,009
63$1,108,443$609,361$500,054$1,058,422
64$1,167,220$584,936$462,521$1,098,368
65$1,230,282$557,603$422,022$1,141,095
66$1,298,013$527,168$378,401$1,186,877
67$1,370,833$493,422$331,501$1,236,016
68$1,449,204$456,145$281,152$1,288,847
69$1,533,633$415,107$227,180$1,345,740
70$1,624,677$370,060$169,404$1,407,104
71$1,722,948$320,747$107,633$1,473,389
72$1,829,118$266,893$41,668$1,545,095
73$1,943,925$208,208$0$1,622,773
74$2,068,183$144,387$0$1,712,548
75$2,202,783$75,108$0$1,818,474
76$2,348,707$28$0$1,933,327
77$2,507,034$0$0$2,057,971
78$2,678,952$0$0$2,199,615
79$2,865,766$0$0$2,353,558
80$3,068,911$0$0$2,520,986
81$3,289,970$0$0$2,703,203
82$3,530,678$0$0$2,901,646
83$3,792,951$0$0$3,117,896
84$4,078,893$0$0$3,353,693
85$4,390,822$0$0$3,610,950
86$4,731,288$0$0$3,891,776
87$5,103,098$0$0$4,198,490
88$5,509,343$0$0$4,533,646
89$5,953,426$0$0$4,900,056
90$6,439,092$0$0$5,300,815
91$6,970,467$0$0$5,739,332
92$7,552,091$0$0$6,219,358
93$8,188,965$0$0$6,745,028
94$8,886,598$0$0$7,320,892
95$9,651,053$0$0$7,951,963
96$10,489,011$0$0$8,643,758
97$11,407,827$0$0$9,402,360
98$12,415,604$0$0$10,234,462
99$13,521,266$0$0$11,147,439
100$14,734,642$0$0$12,149,416