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%14.7%
1 years$56,319$55,817$55,328$54,850$54,384$53,329
2 years$27,881$27,361$26,858$26,370$25,897$24,839
3 years$18,402$17,881$17,379$16,896$16,430$15,401
4 years$13,664$13,144$12,647$12,172$11,718$10,727
5 years$10,822$10,305$9,815$9,350$8,908$7,957
6 years$8,928$8,415$7,932$7,477$7,049$6,138
7 years$7,576$7,067$6,591$6,147$5,732$4,864
8 years$6,562$6,058$5,590$5,157$4,756$3,928
9 years$5,774$5,274$4,815$4,392$4,005$3,218
10 years$5,143$4,649$4,198$3,786$3,412$2,665
11 years$4,628$4,139$3,696$3,295$2,935$2,227
12 years$4,199$3,715$3,280$2,890$2,543$1,873
13 years$3,836$3,357$2,930$2,552$2,218$1,585
14 years$3,526$3,051$2,633$2,265$1,944$1,347
15 years$3,257$2,788$2,377$2,020$1,712$1,149
16 years$3,022$2,558$2,155$1,809$1,513$983
17 years$2,814$2,355$1,961$1,625$1,341$844
18 years$2,630$2,177$1,790$1,465$1,193$725
19 years$2,466$2,017$1,639$1,323$1,063$625
20 years$2,318$1,874$1,504$1,199$950$539
21 years$2,184$1,746$1,383$1,088$850$466
22 years$2,063$1,630$1,275$989$762$403
23 years$1,952$1,524$1,177$901$684$349
24 years$1,851$1,428$1,089$822$615$303
25 years$1,758$1,340$1,008$750$553$263
26 years$1,673$1,260$935$686$498$228
27 years$1,593$1,185$868$628$449$198
28 years$1,520$1,117$807$575$405$172
29 years$1,452$1,054$751$528$366$150
30 years$1,388$995$700$484$331$130
31 years$1,329$941$652$445$299$113
32 years$1,273$890$609$409$270$99
33 years$1,221$843$568$376$245$86
34 years$1,172$799$531$346$222$75
35 years$1,127$758$497$318$201$65
36 years$1,083$719$464$293$182$57
37 years$1,042$683$435$270$165$49
38 years$1,004$649$407$249$149$43
39 years$967$617$381$230$135$37
40 years$932$587$358$212$123$33
41 years$900$559$335$195$111$28
42 years$868$533$314$180$101$25
43 years$839$507$295$166$92$22
44 years$810$484$277$154$83$19
45 years$783$461$260$142$76$16
46 years$758$440$244$131$69$14
47 years$733$420$229$121$62$12
48 years$710$401$216$112$57$11
49 years$687$383$203$103$51$9
50 years$666$366$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $682,000, adding $3,059 every year, while hoping to spend $50,084 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: 74/20/6 Blend
54$682,000$682,000$682,000$682,000
55$754,719$718,573$708,002$809,843
56$778,412$700,494$678,431$828,464
57$802,842$679,851$646,191$842,203
58$828,033$656,465$611,140$855,817
59$854,007$630,146$573,128$869,275
60$880,789$600,696$532,000$882,547
61$908,401$567,903$487,594$895,597
62$936,870$531,542$439,741$908,388
63$966,221$491,378$388,263$920,881
64$996,481$447,160$332,974$933,033
65$1,027,675$398,624$273,682$944,800
66$1,059,832$345,491$210,185$956,132
67$1,092,980$287,465$142,271$966,979
68$1,127,148$224,235$69,721$977,284
69$1,162,366$155,472$0$986,989
70$1,198,664$80,826$0$996,524
71$1,236,073$0$0$1,010,124
72$1,274,625$0$0$1,023,281
73$1,314,352$0$0$1,055,169
74$1,355,287$0$0$1,088,026
75$1,397,464$0$0$1,121,879
76$1,440,918$0$0$1,156,756
77$1,485,682$0$0$1,192,684
78$1,531,792$0$0$1,229,692
79$1,579,285$0$0$1,267,809
80$1,628,196$0$0$1,307,063
81$1,678,563$0$0$1,347,484
82$1,730,422$0$0$1,389,101
83$1,783,811$0$0$1,431,945
84$1,838,768$0$0$1,476,046
85$1,895,330$0$0$1,521,433
86$1,953,536$0$0$1,568,137
87$2,013,422$0$0$1,616,188
88$2,075,026$0$0$1,665,615
89$2,138,385$0$0$1,716,447
90$2,203,535$0$0$1,768,714
91$2,270,513$0$0$1,822,444
92$2,339,352$0$0$1,877,663
93$2,410,086$0$0$1,934,399
94$2,482,746$0$0$1,992,677
95$2,557,363$0$0$2,052,519
96$2,633,965$0$0$2,113,948
97$2,712,575$0$0$2,176,982
98$2,793,218$0$0$2,241,640
99$2,875,911$0$0$2,307,935
100$2,960,668$0$0$2,375,877