Can I retire at age 55 with 681,000?

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 $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%14.2%
1 years$56,236$55,735$55,247$54,770$54,304$53,360
2 years$27,840$27,321$26,819$26,332$25,859$24,911
3 years$18,375$17,855$17,354$16,871$16,406$15,484
4 years$13,644$13,125$12,629$12,155$11,701$10,811
5 years$10,806$10,290$9,801$9,336$8,895$8,041
6 years$8,915$8,403$7,920$7,466$7,038$6,220
7 years$7,564$7,057$6,582$6,138$5,724$4,942
8 years$6,552$6,049$5,582$5,149$4,749$4,003
9 years$5,765$5,267$4,808$4,386$3,999$3,289
10 years$5,136$4,642$4,191$3,781$3,407$2,733
11 years$4,621$4,133$3,690$3,290$2,930$2,290
12 years$4,193$3,709$3,275$2,886$2,539$1,933
13 years$3,831$3,352$2,926$2,548$2,214$1,640
14 years$3,521$3,047$2,629$2,262$1,941$1,399
15 years$3,252$2,783$2,374$2,017$1,709$1,197
16 years$3,017$2,554$2,152$1,806$1,511$1,028
17 years$2,810$2,352$1,958$1,623$1,339$885
18 years$2,626$2,173$1,788$1,462$1,191$764
19 years$2,462$2,014$1,636$1,321$1,061$661
20 years$2,315$1,872$1,502$1,197$948$573
21 years$2,181$1,743$1,381$1,086$848$497
22 years$2,060$1,627$1,273$988$761$431
23 years$1,950$1,522$1,176$899$683$375
24 years$1,849$1,426$1,087$820$614$326
25 years$1,756$1,338$1,007$749$552$284
26 years$1,670$1,258$934$685$497$248
27 years$1,591$1,184$867$627$448$216
28 years$1,518$1,115$806$574$405$189
29 years$1,450$1,052$750$527$365$165
30 years$1,386$994$699$483$330$144
31 years$1,327$939$651$444$298$126
32 years$1,272$889$608$408$270$110
33 years$1,220$842$568$375$244$96
34 years$1,171$798$530$345$221$84
35 years$1,125$757$496$318$200$73
36 years$1,082$718$464$293$182$64
37 years$1,041$682$434$270$165$56
38 years$1,002$648$407$249$149$49
39 years$966$616$381$229$135$43
40 years$931$587$357$211$123$38
41 years$898$558$335$195$111$33
42 years$867$532$314$180$101$29
43 years$837$507$295$166$92$25
44 years$809$483$277$153$83$22
45 years$782$461$260$142$76$19
46 years$757$439$244$131$69$17
47 years$732$419$229$121$62$15
48 years$709$400$215$112$57$13
49 years$686$382$202$103$51$11
50 years$665$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $681,000, adding $5,769 every year, while hoping to spend $52,552 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: 59/20/21 Blend
54$681,000$681,000$681,000$681,000
55$756,413$720,320$709,764$796,513
56$777,652$699,700$677,626$803,786
57$799,296$676,310$642,651$805,496
58$821,331$649,956$604,686$806,194
59$843,740$620,436$563,576$805,792
60$866,501$587,538$519,156$804,197
61$889,590$551,033$471,254$801,308
62$912,978$510,683$419,690$797,016
63$936,629$466,234$364,277$791,205
64$960,505$417,418$304,819$783,751
65$984,558$363,954$241,113$774,520
66$1,008,736$305,541$172,944$763,370
67$1,032,979$241,864$100,089$750,145
68$1,057,217$172,590$22,316$734,682
69$1,081,372$97,366$0$716,803
70$1,105,355$15,819$0$709,913
71$1,129,065$0$0$706,431
72$1,152,389$0$0$717,133
73$1,175,199$0$0$730,951
74$1,197,351$0$0$744,310
75$1,218,685$0$0$757,104
76$1,239,020$0$0$769,215
77$1,258,154$0$0$780,510
78$1,275,862$0$0$790,841
79$1,291,890$0$0$800,044
80$1,305,960$0$0$807,934
81$1,317,756$0$0$814,307
82$1,326,932$0$0$818,935
83$1,333,099$0$0$821,564
84$1,335,825$0$0$821,913
85$1,334,632$0$0$819,669
86$1,328,988$0$0$814,485
87$1,318,302$0$0$805,975
88$1,301,920$0$0$793,712
89$1,279,114$0$0$777,222
90$1,249,082$0$0$755,981
91$1,210,930$0$0$729,407
92$1,163,671$0$0$696,856
93$1,106,213$0$0$657,616
94$1,037,345$0$0$610,898
95$955,729$0$0$555,831
96$859,885$0$0$491,449
97$748,174$0$0$416,687
98$618,787$0$0$330,365
99$469,723$0$0$231,180
100$298,771$0$0$117,692