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%13.7%
1 years$56,236$55,735$55,247$54,770$54,304$53,470
2 years$27,840$27,321$26,819$26,332$25,859$25,021
3 years$18,375$17,855$17,354$16,871$16,406$15,590
4 years$13,644$13,125$12,629$12,155$11,701$10,913
5 years$10,806$10,290$9,801$9,336$8,895$8,137
6 years$8,915$8,403$7,920$7,466$7,038$6,312
7 years$7,564$7,057$6,582$6,138$5,724$5,029
8 years$6,552$6,049$5,582$5,149$4,749$4,085
9 years$5,765$5,267$4,808$4,386$3,999$3,367
10 years$5,136$4,642$4,191$3,781$3,407$2,806
11 years$4,621$4,133$3,690$3,290$2,930$2,359
12 years$4,193$3,709$3,275$2,886$2,539$1,997
13 years$3,831$3,352$2,926$2,548$2,214$1,701
14 years$3,521$3,047$2,629$2,262$1,941$1,455
15 years$3,252$2,783$2,374$2,017$1,709$1,250
16 years$3,017$2,554$2,152$1,806$1,511$1,077
17 years$2,810$2,352$1,958$1,623$1,339$931
18 years$2,626$2,173$1,788$1,462$1,191$806
19 years$2,462$2,014$1,636$1,321$1,061$700
20 years$2,315$1,872$1,502$1,197$948$609
21 years$2,181$1,743$1,381$1,086$848$530
22 years$2,060$1,627$1,273$988$761$462
23 years$1,950$1,522$1,176$899$683$403
24 years$1,849$1,426$1,087$820$614$352
25 years$1,756$1,338$1,007$749$552$308
26 years$1,670$1,258$934$685$497$270
27 years$1,591$1,184$867$627$448$236
28 years$1,518$1,115$806$574$405$207
29 years$1,450$1,052$750$527$365$181
30 years$1,386$994$699$483$330$159
31 years$1,327$939$651$444$298$139
32 years$1,272$889$608$408$270$122
33 years$1,220$842$568$375$244$107
34 years$1,171$798$530$345$221$94
35 years$1,125$757$496$318$200$83
36 years$1,082$718$464$293$182$73
37 years$1,041$682$434$270$165$64
38 years$1,002$648$407$249$149$56
39 years$966$616$381$229$135$49
40 years$931$587$357$211$123$43
41 years$898$558$335$195$111$38
42 years$867$532$314$180$101$33
43 years$837$507$295$166$92$29
44 years$809$483$277$153$83$26
45 years$782$461$260$142$76$23
46 years$757$439$244$131$69$20
47 years$732$419$229$121$62$18
48 years$709$400$215$112$57$15
49 years$686$382$202$103$51$14
50 years$665$365$190$95$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $681,000, adding $6,324 every year, while hoping to spend $51,662 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: 72/13/15 Blend
54$681,000$681,000$681,000$681,000
55$756,985$720,892$710,337$808,497
56$779,230$701,248$679,165$823,852
57$802,012$678,910$645,218$833,766
58$825,331$653,691$608,347$843,265
59$849,187$625,394$568,399$852,298
60$873,576$593,810$525,212$860,808
61$898,493$558,718$478,618$868,736
62$923,929$519,885$428,442$876,015
63$949,874$477,064$374,499$882,576
64$976,314$429,993$316,597$888,341
65$1,003,232$378,396$254,537$893,230
66$1,030,606$321,982$188,109$897,153
67$1,058,411$260,443$117,094$900,014
68$1,086,618$193,453$41,265$901,710
69$1,115,189$120,668$0$902,128
70$1,144,083$41,726$0$907,495
71$1,173,251$0$0$918,793
72$1,202,637$0$0$935,571
73$1,232,177$0$0$958,421
74$1,261,796$0$0$981,316
75$1,291,410$0$0$1,004,189
76$1,320,924$0$0$1,026,961
77$1,350,228$0$0$1,049,547
78$1,379,200$0$0$1,071,849
79$1,407,702$0$0$1,093,756
80$1,435,578$0$0$1,115,144
81$1,462,652$0$0$1,135,872
82$1,488,728$0$0$1,155,785
83$1,513,585$0$0$1,174,707
84$1,536,978$0$0$1,192,442
85$1,558,630$0$0$1,208,769
86$1,578,235$0$0$1,223,445
87$1,595,449$0$0$1,236,197
88$1,609,890$0$0$1,246,719
89$1,621,133$0$0$1,254,675
90$1,628,704$0$0$1,259,687
91$1,632,078$0$0$1,261,337
92$1,630,669$0$0$1,259,160
93$1,623,827$0$0$1,252,640
94$1,610,833$0$0$1,241,203
95$1,590,888$0$0$1,224,215
96$1,563,103$0$0$1,200,971
97$1,526,498$0$0$1,170,690
98$1,479,984$0$0$1,132,509
99$1,422,356$0$0$1,085,468
100$1,352,279$0$0$1,028,509