Can I retire at age 55 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$56,402$55,899$55,409$54,931$54,463$53,827
2 years$27,922$27,402$26,898$26,409$25,935$25,295
3 years$18,429$17,907$17,404$16,920$16,454$15,830
4 years$13,684$13,164$12,666$12,190$11,735$11,131
5 years$10,838$10,320$9,829$9,363$8,921$8,339
6 years$8,941$8,427$7,944$7,488$7,059$6,500
7 years$7,587$7,077$6,601$6,156$5,741$5,205
8 years$6,571$6,067$5,598$5,164$4,762$4,250
9 years$5,782$5,282$4,822$4,399$4,011$3,522
10 years$5,151$4,656$4,204$3,792$3,417$2,951
11 years$4,635$4,145$3,701$3,300$2,939$2,495
12 years$4,205$3,720$3,284$2,895$2,547$2,124
13 years$3,842$3,362$2,934$2,555$2,221$1,820
14 years$3,531$3,056$2,637$2,268$1,947$1,566
15 years$3,261$2,792$2,381$2,023$1,714$1,354
16 years$3,026$2,561$2,158$1,811$1,515$1,174
17 years$2,818$2,359$1,964$1,628$1,343$1,021
18 years$2,634$2,180$1,793$1,467$1,194$890
19 years$2,469$2,020$1,641$1,325$1,065$778
20 years$2,321$1,877$1,506$1,200$951$681
21 years$2,188$1,749$1,385$1,089$851$597
22 years$2,066$1,632$1,277$991$763$524
23 years$1,955$1,527$1,179$902$685$460
24 years$1,854$1,430$1,090$823$615$405
25 years$1,761$1,342$1,010$751$554$357
26 years$1,675$1,261$937$687$499$314
27 years$1,596$1,187$870$629$450$277
28 years$1,522$1,119$809$576$406$245
29 years$1,454$1,055$752$528$366$216
30 years$1,390$997$701$485$331$191
31 years$1,331$942$653$445$299$169
32 years$1,275$892$610$409$271$149
33 years$1,223$844$569$376$245$132
34 years$1,174$800$532$346$222$117
35 years$1,128$759$497$319$201$103
36 years$1,085$720$465$294$182$91
37 years$1,044$684$435$271$165$81
38 years$1,005$650$408$249$150$72
39 years$968$618$382$230$136$63
40 years$934$588$358$212$123$56
41 years$901$560$336$196$112$50
42 years$870$533$315$181$101$44
43 years$840$508$296$167$92$39
44 years$812$484$277$154$83$35
45 years$785$462$260$142$76$31
46 years$759$441$245$131$69$27
47 years$734$420$230$121$62$24
48 years$711$401$216$112$57$21
49 years$688$383$203$104$52$19
50 years$667$366$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $683,000, adding $2,866 every year, while hoping to spend $40,261 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: 29/43/28 Blend
54$683,000$683,000$683,000$683,000
55$755,622$719,423$708,837$770,938
56$789,858$711,838$689,745$775,682
57$826,237$702,531$668,665$777,090
58$864,935$691,376$645,487$777,802
59$906,144$678,239$620,096$777,784
60$950,075$662,978$592,374$777,007
61$996,960$645,441$562,196$775,438
62$1,047,051$625,469$529,431$773,051
63$1,100,626$602,893$493,942$769,817
64$1,157,989$577,534$455,589$765,712
65$1,219,474$549,203$414,221$760,715
66$1,285,447$517,700$369,684$754,808
67$1,356,309$482,814$321,814$747,976
68$1,432,500$444,320$270,443$740,210
69$1,514,506$401,982$215,394$731,507
70$1,602,856$355,550$156,480$721,871
71$1,698,136$304,760$93,510$711,313
72$1,800,985$249,332$26,282$699,854
73$1,912,108$188,972$0$687,526
74$2,032,280$123,368$0$687,954
75$2,162,350$52,192$0$696,875
76$2,303,256$0$0$706,572
77$2,456,025$0$0$728,991
78$2,621,789$0$0$780,205
79$2,801,790$0$0$835,913
80$2,997,398$0$0$896,552
81$3,210,117$0$0$962,600
82$3,441,604$0$0$1,034,585
83$3,693,680$0$0$1,113,087
84$3,968,351$0$0$1,198,745
85$4,267,822$0$0$1,292,262
86$4,594,522$0$0$1,394,412
87$4,951,125$0$0$1,506,047
88$5,340,571$0$0$1,628,105
89$5,766,101$0$0$1,761,619
90$6,231,279$0$0$1,907,725
91$6,740,033$0$0$2,067,677
92$7,296,684$0$0$2,242,853
93$7,905,992$0$0$2,434,772
94$8,573,198$0$0$2,645,105
95$9,304,075$0$0$2,875,695
96$10,104,978$0$0$3,128,570
97$10,982,908$0$0$3,405,964
98$11,945,573$0$0$3,710,338
99$13,001,467$0$0$4,044,403
100$14,159,941$0$0$4,411,144