Can I retire at age 55 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$56,567$56,063$55,571$55,091$54,623$54,075
2 years$28,003$27,482$26,976$26,486$26,011$25,459
3 years$18,483$17,960$17,455$16,970$16,502$15,964
4 years$13,724$13,202$12,703$12,226$11,770$11,248
5 years$10,870$10,351$9,858$9,391$8,947$8,445
6 years$8,967$8,452$7,967$7,510$7,080$6,596
7 years$7,609$7,098$6,620$6,174$5,758$5,294
8 years$6,591$6,084$5,615$5,179$4,776$4,333
9 years$5,799$5,298$4,836$4,412$4,022$3,598
10 years$5,166$4,670$4,216$3,803$3,427$3,022
11 years$4,649$4,157$3,712$3,310$2,948$2,562
12 years$4,218$3,731$3,294$2,903$2,554$2,187
13 years$3,853$3,372$2,943$2,563$2,227$1,878
14 years$3,541$3,065$2,644$2,275$1,953$1,621
15 years$3,271$2,800$2,387$2,029$1,719$1,404
16 years$3,035$2,569$2,165$1,817$1,519$1,221
17 years$2,827$2,366$1,970$1,632$1,347$1,065
18 years$2,642$2,186$1,798$1,471$1,198$931
19 years$2,477$2,026$1,646$1,329$1,068$816
20 years$2,328$1,883$1,511$1,204$954$716
21 years$2,194$1,754$1,390$1,093$853$630
22 years$2,072$1,637$1,281$993$765$555
23 years$1,961$1,531$1,182$905$687$489
24 years$1,859$1,434$1,094$825$617$432
25 years$1,766$1,346$1,013$754$555$381
26 years$1,680$1,265$939$689$500$337
27 years$1,600$1,191$872$631$451$298
28 years$1,527$1,122$811$578$407$264
29 years$1,458$1,058$755$530$368$234
30 years$1,394$1,000$703$486$332$207
31 years$1,335$945$655$447$300$184
32 years$1,279$894$611$410$272$163
33 years$1,227$847$571$377$246$145
34 years$1,178$803$533$347$223$128
35 years$1,131$761$499$320$202$114
36 years$1,088$722$467$294$183$101
37 years$1,047$686$437$271$166$90
38 years$1,008$652$409$250$150$80
39 years$971$620$383$231$136$71
40 years$937$590$359$213$123$63
41 years$903$562$337$196$112$56
42 years$872$535$316$181$102$50
43 years$842$510$296$167$92$44
44 years$814$486$278$154$84$39
45 years$787$463$261$143$76$35
46 years$761$442$245$132$69$31
47 years$736$422$230$122$63$28
48 years$713$403$217$112$57$25
49 years$690$384$204$104$52$22
50 years$669$367$191$96$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $685,000, adding $4,666 every year, while hoping to spend $56,864 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: 40/37/23 Blend
54$685,000$685,000$685,000$685,000
55$759,683$723,378$712,760$784,739
56$776,668$698,321$676,135$778,147
57$793,479$670,130$636,377$765,292
58$810,040$638,591$593,321$750,247
59$826,261$603,480$546,795$732,845
60$842,046$564,557$496,618$712,908
61$857,283$521,568$442,604$690,243
62$871,849$474,248$384,554$664,647
63$885,604$422,313$322,263$635,900
64$898,395$365,466$255,519$603,766
65$910,048$303,391$184,095$567,994
66$920,371$235,754$107,760$528,315
67$929,147$162,204$26,268$484,439
68$936,138$82,370$0$436,056
69$941,076$0$0$397,729
70$943,666$0$0$363,739
71$943,579$0$0$362,055
72$940,447$0$0$358,978
73$933,866$0$0$354,326
74$923,385$0$0$347,900
75$908,503$0$0$339,478
76$888,669$0$0$328,814
77$863,267$0$0$315,635
78$831,619$0$0$299,641
79$792,972$0$0$280,497
80$746,494$0$0$257,834
81$691,263$0$0$231,245
82$626,260$0$0$200,278
83$550,359$0$0$164,433
84$462,312$0$0$123,160
85$360,743$0$0$75,849
86$244,130$0$0$21,826
87$110,789$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$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