Can I retire at age 55 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$56,484$55,981$55,490$55,011$54,543$52,797
2 years$27,962$27,442$26,937$26,448$25,973$24,230
3 years$18,456$17,933$17,430$16,945$16,478$14,793
4 years$13,704$13,183$12,685$12,208$11,752$10,138
5 years$10,854$10,336$9,844$9,377$8,934$7,394
6 years$8,954$8,440$7,955$7,499$7,069$5,606
7 years$7,598$7,088$6,611$6,165$5,749$4,362
8 years$6,581$6,075$5,606$5,172$4,769$3,457
9 years$5,790$5,290$4,829$4,405$4,017$2,778
10 years$5,158$4,663$4,210$3,797$3,422$2,256
11 years$4,642$4,151$3,706$3,305$2,943$1,846
12 years$4,211$3,726$3,289$2,899$2,551$1,521
13 years$3,848$3,367$2,939$2,559$2,224$1,259
14 years$3,536$3,060$2,640$2,272$1,950$1,047
15 years$3,266$2,796$2,384$2,026$1,717$873
16 years$3,030$2,565$2,161$1,814$1,517$730
17 years$2,823$2,362$1,967$1,630$1,345$612
18 years$2,638$2,183$1,795$1,469$1,196$514
19 years$2,473$2,023$1,644$1,327$1,066$433
20 years$2,325$1,880$1,508$1,202$952$364
21 years$2,191$1,751$1,388$1,091$852$307
22 years$2,069$1,635$1,279$992$764$259
23 years$1,958$1,529$1,181$903$686$219
24 years$1,857$1,432$1,092$824$616$185
25 years$1,763$1,344$1,011$752$555$157
26 years$1,678$1,263$938$688$500$132
27 years$1,598$1,189$871$630$450$112
28 years$1,524$1,120$810$577$406$95
29 years$1,456$1,057$754$529$367$80
30 years$1,392$998$702$486$332$68
31 years$1,333$944$654$446$300$58
32 years$1,277$893$611$410$271$49
33 years$1,225$846$570$377$245$41
34 years$1,176$801$533$347$222$35
35 years$1,130$760$498$319$201$30
36 years$1,086$721$466$294$182$25
37 years$1,045$685$436$271$165$21
38 years$1,007$651$408$250$150$18
39 years$970$619$383$230$136$15
40 years$935$589$359$212$123$13
41 years$902$561$336$196$112$11
42 years$871$534$315$181$101$9
43 years$841$509$296$167$92$8
44 years$813$485$278$154$84$7
45 years$786$463$261$142$76$6
46 years$760$441$245$131$69$5
47 years$735$421$230$121$63$4
48 years$712$402$216$112$57$3
49 years$689$384$203$104$52$3
50 years$668$367$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 $684,000, adding $2,555 every year, while hoping to spend $54,553 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: 29/44/27 Blend
54$684,000$684,000$684,000$684,000
55$756,403$720,151$709,549$771,962
56$775,513$697,395$675,275$761,654
57$794,743$671,695$638,025$745,652
58$814,048$642,850$597,640$727,353
59$833,377$610,646$553,958$706,593
60$852,671$574,857$506,805$683,204
61$871,863$535,245$456,002$657,002
62$890,878$491,556$401,363$627,796
63$909,630$443,525$342,691$595,380
64$928,023$390,868$279,782$559,536
65$945,949$333,288$212,422$520,032
66$963,286$270,469$140,388$476,623
67$979,898$202,079$63,448$429,046
68$995,633$127,767$0$377,023
69$1,010,320$47,160$0$325,633
70$1,023,769$0$0$289,041
71$1,035,767$0$0$268,122
72$1,046,077$0$0$269,436
73$1,054,436$0$0$270,064
74$1,060,550$0$0$269,910
75$1,064,093$0$0$268,868
76$1,064,700$0$0$266,819
77$1,061,970$0$0$263,633
78$1,055,454$0$0$259,165
79$1,044,657$0$0$253,253
80$1,029,026$0$0$245,719
81$1,007,953$0$0$236,365
82$980,760$0$0$224,974
83$946,698$0$0$211,302
84$904,938$0$0$195,082
85$854,561$0$0$176,018
86$794,551$0$0$153,782
87$723,785$0$0$128,012
88$641,018$0$0$98,307
89$544,876$0$0$64,226
90$433,839$0$0$25,279
91$306,229$0$0$0
92$160,188$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0