Can I retire at age 55 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$56,319$55,817$55,328$54,850$54,384$52,706
2 years$27,881$27,361$26,858$26,370$25,897$24,222
3 years$18,402$17,881$17,379$16,896$16,430$14,809
4 years$13,664$13,144$12,647$12,172$11,718$10,164
5 years$10,822$10,305$9,815$9,350$8,908$7,426
6 years$8,928$8,415$7,932$7,477$7,049$5,639
7 years$7,576$7,067$6,591$6,147$5,732$4,395
8 years$6,562$6,058$5,590$5,157$4,756$3,490
9 years$5,774$5,274$4,815$4,392$4,005$2,809
10 years$5,143$4,649$4,198$3,786$3,412$2,285
11 years$4,628$4,139$3,696$3,295$2,935$1,874
12 years$4,199$3,715$3,280$2,890$2,543$1,547
13 years$3,836$3,357$2,930$2,552$2,218$1,283
14 years$3,526$3,051$2,633$2,265$1,944$1,069
15 years$3,257$2,788$2,377$2,020$1,712$894
16 years$3,022$2,558$2,155$1,809$1,513$749
17 years$2,814$2,355$1,961$1,625$1,341$629
18 years$2,630$2,177$1,790$1,465$1,193$530
19 years$2,466$2,017$1,639$1,323$1,063$447
20 years$2,318$1,874$1,504$1,199$950$377
21 years$2,184$1,746$1,383$1,088$850$319
22 years$2,063$1,630$1,275$989$762$270
23 years$1,952$1,524$1,177$901$684$228
24 years$1,851$1,428$1,089$822$615$193
25 years$1,758$1,340$1,008$750$553$164
26 years$1,673$1,260$935$686$498$139
27 years$1,593$1,185$868$628$449$118
28 years$1,520$1,117$807$575$405$100
29 years$1,452$1,054$751$528$366$85
30 years$1,388$995$700$484$331$72
31 years$1,329$941$652$445$299$61
32 years$1,273$890$609$409$270$52
33 years$1,221$843$568$376$245$44
34 years$1,172$799$531$346$222$38
35 years$1,127$758$497$318$201$32
36 years$1,083$719$464$293$182$27
37 years$1,042$683$435$270$165$23
38 years$1,004$649$407$249$149$20
39 years$967$617$381$230$135$17
40 years$932$587$358$212$123$14
41 years$900$559$335$195$111$12
42 years$868$533$314$180$101$10
43 years$839$507$295$166$92$9
44 years$810$484$277$154$83$7
45 years$783$461$260$142$76$6
46 years$758$440$244$131$69$5
47 years$733$420$229$121$62$5
48 years$710$401$216$112$57$4
49 years$687$383$203$103$51$3
50 years$666$366$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $682,000, adding $2,294 every year, while hoping to spend $20,492 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: 54/35/11 Blend
54$682,000$682,000$682,000$682,000
55$753,930$717,784$707,213$792,403
56$809,028$731,152$709,102$832,148
57$869,059$744,489$710,366$872,964
58$934,504$757,770$710,965$916,907
59$1,005,894$770,971$710,853$964,279
60$1,083,812$784,066$709,984$1,015,413
61$1,168,900$797,025$708,307$1,070,674
62$1,261,865$809,816$705,773$1,130,464
63$1,363,486$822,407$702,327$1,195,231
64$1,474,618$834,762$697,911$1,265,462
65$1,596,206$846,842$692,468$1,341,699
66$1,729,287$858,606$685,934$1,424,539
67$1,875,007$870,009$678,245$1,514,637
68$2,034,624$881,006$669,332$1,612,720
69$2,209,525$891,545$659,124$1,719,584
70$2,401,238$901,572$647,547$1,836,112
71$2,611,446$911,031$634,521$1,963,275
72$2,842,001$919,859$619,965$2,102,144
73$3,094,945$927,992$603,794$2,253,899
74$3,372,525$935,360$585,917$2,419,842
75$3,677,219$941,888$566,241$2,601,411
76$4,011,753$947,499$544,668$2,800,186
77$4,379,132$952,107$521,095$3,017,915
78$4,782,667$955,623$495,415$3,256,523
79$5,226,004$957,953$467,516$3,518,130
80$5,713,159$958,996$437,281$3,805,079
81$6,248,559$958,644$404,587$4,119,948
82$6,837,078$956,784$369,307$4,465,583
83$7,484,087$953,294$331,306$4,845,121
84$8,195,505$948,046$290,446$5,262,020
85$8,977,851$940,905$246,580$5,720,094
86$9,838,308$931,725$199,557$6,223,546
87$10,784,790$920,354$149,216$6,777,013
88$11,826,016$906,629$95,393$7,385,605
89$12,971,595$890,380$37,914$8,054,956
90$14,232,112$871,422$0$8,791,279
91$15,619,230$849,565$0$9,604,171
92$17,145,801$824,602$0$10,503,361
93$18,825,984$796,319$0$11,492,741
94$20,675,382$764,487$0$12,581,511
95$22,711,187$728,862$0$13,779,814
96$24,952,342$689,190$0$15,098,828
97$27,419,719$645,200$0$16,550,875
98$30,136,320$596,604$0$18,149,535
99$33,127,488$543,101$0$19,909,780
100$36,421,149$484,369$0$21,848,110