Can I retire at age 55 with 684,000?

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 $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%19.2%
1 years$56,484$55,981$55,490$55,011$54,543$52,524
2 years$27,962$27,442$26,937$26,448$25,973$23,962
3 years$18,456$17,933$17,430$16,945$16,478$14,538
4 years$13,704$13,183$12,685$12,208$11,752$9,898
5 years$10,854$10,336$9,844$9,377$8,934$7,170
6 years$8,954$8,440$7,955$7,499$7,069$5,397
7 years$7,598$7,088$6,611$6,165$5,749$4,168
8 years$6,581$6,075$5,606$5,172$4,769$3,279
9 years$5,790$5,290$4,829$4,405$4,017$2,614
10 years$5,158$4,663$4,210$3,797$3,422$2,105
11 years$4,642$4,151$3,706$3,305$2,943$1,708
12 years$4,211$3,726$3,289$2,899$2,551$1,395
13 years$3,848$3,367$2,939$2,559$2,224$1,145
14 years$3,536$3,060$2,640$2,272$1,950$943
15 years$3,266$2,796$2,384$2,026$1,717$780
16 years$3,030$2,565$2,161$1,814$1,517$646
17 years$2,823$2,362$1,967$1,630$1,345$536
18 years$2,638$2,183$1,795$1,469$1,196$446
19 years$2,473$2,023$1,644$1,327$1,066$372
20 years$2,325$1,880$1,508$1,202$952$310
21 years$2,191$1,751$1,388$1,091$852$259
22 years$2,069$1,635$1,279$992$764$216
23 years$1,958$1,529$1,181$903$686$181
24 years$1,857$1,432$1,092$824$616$151
25 years$1,763$1,344$1,011$752$555$127
26 years$1,678$1,263$938$688$500$106
27 years$1,598$1,189$871$630$450$89
28 years$1,524$1,120$810$577$406$74
29 years$1,456$1,057$754$529$367$62
30 years$1,392$998$702$486$332$52
31 years$1,333$944$654$446$300$44
32 years$1,277$893$611$410$271$37
33 years$1,225$846$570$377$245$31
34 years$1,176$801$533$347$222$26
35 years$1,130$760$498$319$201$22
36 years$1,086$721$466$294$182$18
37 years$1,045$685$436$271$165$15
38 years$1,007$651$408$250$150$13
39 years$970$619$383$230$136$11
40 years$935$589$359$212$123$9
41 years$902$561$336$196$112$8
42 years$871$534$315$181$101$6
43 years$841$509$296$167$92$5
44 years$813$485$278$154$84$4
45 years$786$463$261$142$76$4
46 years$760$441$245$131$69$3
47 years$735$421$230$121$63$3
48 years$712$402$216$112$57$2
49 years$689$384$203$104$52$2
50 years$668$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $684,000, adding $5,720 every year, while hoping to spend $46,480 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: 88/6/6 Blend
54$684,000$684,000$684,000$684,000
55$759,668$723,416$712,814$825,870
56$787,700$709,409$687,239$855,830
57$817,033$693,158$659,249$881,665
58$847,752$674,504$628,715$908,539
59$879,946$653,278$595,501$936,521
60$913,714$629,302$559,464$965,686
61$949,163$602,388$520,456$996,117
62$986,408$572,336$478,322$1,027,905
63$1,025,577$538,935$432,901$1,061,148
64$1,066,805$501,962$384,022$1,095,954
65$1,110,241$461,181$331,509$1,132,443
66$1,156,049$416,342$275,178$1,170,746
67$1,204,405$367,182$214,835$1,211,004
68$1,255,502$313,422$150,280$1,253,377
69$1,309,551$254,767$81,302$1,298,036
70$1,366,781$190,907$7,682$1,345,172
71$1,427,444$121,512$0$1,394,994
72$1,491,815$46,237$0$1,452,268
73$1,560,192$0$0$1,513,531
74$1,632,904$0$0$1,580,911
75$1,710,310$0$0$1,655,895
76$1,792,804$0$0$1,735,809
77$1,880,816$0$0$1,821,071
78$1,974,816$0$0$1,912,139
79$2,075,323$0$0$2,009,513
80$2,182,902$0$0$2,113,743
81$2,298,175$0$0$2,225,431
82$2,421,824$0$0$2,345,238
83$2,554,595$0$0$2,473,889
84$2,697,310$0$0$2,612,179
85$2,850,870$0$0$2,760,983
86$3,016,263$0$0$2,921,259
87$3,194,576$0$0$3,094,061
88$3,387,003$0$0$3,280,546
89$3,594,855$0$0$3,481,985
90$3,819,573$0$0$3,699,776
91$4,062,740$0$0$3,935,455
92$4,326,098$0$0$4,190,709
93$4,611,561$0$0$4,467,396
94$4,921,232$0$0$4,767,555
95$5,257,429$0$0$5,093,431
96$5,622,695$0$0$5,447,494
97$6,019,833$0$0$5,832,459
98$6,451,922$0$0$6,251,314
99$6,922,354$0$0$6,707,347
100$7,434,858$0$0$7,204,175