Can I retire at age 55 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$56,236$55,735$55,247$54,770$54,304$52,650
2 years$27,840$27,321$26,819$26,332$25,859$24,207
3 years$18,375$17,855$17,354$16,871$16,406$14,808
4 years$13,644$13,125$12,629$12,155$11,701$10,168
5 years$10,806$10,290$9,801$9,336$8,895$7,432
6 years$8,915$8,403$7,920$7,466$7,038$5,647
7 years$7,564$7,057$6,582$6,138$5,724$4,404
8 years$6,552$6,049$5,582$5,149$4,749$3,499
9 years$5,765$5,267$4,808$4,386$3,999$2,818
10 years$5,136$4,642$4,191$3,781$3,407$2,294
11 years$4,621$4,133$3,690$3,290$2,930$1,883
12 years$4,193$3,709$3,275$2,886$2,539$1,555
13 years$3,831$3,352$2,926$2,548$2,214$1,291
14 years$3,521$3,047$2,629$2,262$1,941$1,076
15 years$3,252$2,783$2,374$2,017$1,709$900
16 years$3,017$2,554$2,152$1,806$1,511$755
17 years$2,810$2,352$1,958$1,623$1,339$635
18 years$2,626$2,173$1,788$1,462$1,191$535
19 years$2,462$2,014$1,636$1,321$1,061$451
20 years$2,315$1,872$1,502$1,197$948$381
21 years$2,181$1,743$1,381$1,086$848$323
22 years$2,060$1,627$1,273$988$761$273
23 years$1,950$1,522$1,176$899$683$231
24 years$1,849$1,426$1,087$820$614$196
25 years$1,756$1,338$1,007$749$552$166
26 years$1,670$1,258$934$685$497$141
27 years$1,591$1,184$867$627$448$120
28 years$1,518$1,115$806$574$405$102
29 years$1,450$1,052$750$527$365$87
30 years$1,386$994$699$483$330$74
31 years$1,327$939$651$444$298$63
32 years$1,272$889$608$408$270$53
33 years$1,220$842$568$375$244$45
34 years$1,171$798$530$345$221$38
35 years$1,125$757$496$318$200$33
36 years$1,082$718$464$293$182$28
37 years$1,041$682$434$270$165$24
38 years$1,002$648$407$249$149$20
39 years$966$616$381$229$135$17
40 years$931$587$357$211$123$15
41 years$898$558$335$195$111$12
42 years$867$532$314$180$101$11
43 years$837$507$295$166$92$9
44 years$809$483$277$153$83$8
45 years$782$461$260$142$76$7
46 years$757$439$244$131$69$6
47 years$732$419$229$121$62$5
48 years$709$400$215$112$57$4
49 years$686$382$202$103$51$3
50 years$665$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $681,000, adding $4,001 every year, while hoping to spend $51,811 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: 40/44/16 Blend
54$681,000$681,000$681,000$681,000
55$754,589$718,496$707,941$781,037
56$776,431$698,576$676,530$780,289
57$798,764$675,943$642,331$774,150
58$821,583$650,410$605,195$766,404
59$844,883$621,778$564,967$756,933
60$868,653$589,838$521,486$745,607
61$892,883$554,367$474,582$732,292
62$917,556$515,129$424,079$716,844
63$942,653$471,878$369,793$699,109
64$968,154$424,350$311,531$678,924
65$994,030$372,267$249,091$656,117
66$1,020,249$315,337$182,265$630,502
67$1,046,775$253,249$110,831$601,886
68$1,073,564$185,676$34,562$570,059
69$1,100,567$112,273$0$534,802
70$1,127,725$32,674$0$503,873
71$1,154,972$0$0$475,845
72$1,182,233$0$0$470,495
73$1,209,423$0$0$480,886
74$1,236,444$0$0$491,151
75$1,263,187$0$0$501,242
76$1,289,527$0$0$511,103
77$1,315,325$0$0$520,669
78$1,340,423$0$0$529,870
79$1,364,646$0$0$538,626
80$1,387,796$0$0$546,849
81$1,409,652$0$0$554,439
82$1,429,967$0$0$561,285
83$1,448,465$0$0$567,264
84$1,464,837$0$0$572,238
85$1,478,742$0$0$576,053
86$1,489,796$0$0$578,538
87$1,497,574$0$0$579,505
88$1,501,605$0$0$578,742
89$1,501,362$0$0$576,015
90$1,496,261$0$0$571,065
91$1,485,656$0$0$563,602
92$1,468,827$0$0$553,309
93$1,444,979$0$0$539,831
94$1,413,227$0$0$522,776
95$1,372,594$0$0$501,709
96$1,321,996$0$0$476,151
97$1,260,232$0$0$445,568
98$1,185,976$0$0$409,372
99$1,097,757$0$0$366,913
100$993,951$0$0$317,471