Can I retire at age 55 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$56,649$56,145$55,652$55,172$54,703$53,229
2 years$28,044$27,522$27,016$26,525$26,049$24,575
3 years$18,510$17,986$17,481$16,995$16,526$15,098
4 years$13,744$13,222$12,722$12,244$11,787$10,415
5 years$10,886$10,366$9,873$9,404$8,960$7,649
6 years$8,980$8,464$7,978$7,521$7,090$5,840
7 years$7,620$7,108$6,630$6,183$5,766$4,578
8 years$6,600$6,093$5,623$5,187$4,783$3,656
9 years$5,807$5,305$4,843$4,418$4,028$2,961
10 years$5,174$4,676$4,222$3,808$3,432$2,424
11 years$4,655$4,163$3,717$3,315$2,952$2,001
12 years$4,224$3,737$3,299$2,907$2,558$1,662
13 years$3,859$3,377$2,947$2,567$2,231$1,389
14 years$3,546$3,069$2,648$2,278$1,955$1,165
15 years$3,276$2,804$2,391$2,032$1,722$981
16 years$3,039$2,573$2,168$1,819$1,522$828
17 years$2,831$2,369$1,973$1,635$1,349$701
18 years$2,646$2,189$1,801$1,473$1,200$594
19 years$2,480$2,029$1,648$1,331$1,069$505
20 years$2,331$1,885$1,513$1,206$955$429
21 years$2,197$1,756$1,392$1,094$855$366
22 years$2,075$1,639$1,283$995$766$312
23 years$1,964$1,533$1,184$906$688$266
24 years$1,862$1,437$1,095$826$618$227
25 years$1,769$1,348$1,014$755$556$194
26 years$1,682$1,267$941$690$501$166
27 years$1,603$1,192$874$632$452$142
28 years$1,529$1,124$812$579$408$122
29 years$1,460$1,060$756$531$368$104
30 years$1,396$1,001$704$487$333$89
31 years$1,337$946$656$447$301$76
32 years$1,281$895$612$411$272$65
33 years$1,229$848$572$378$246$56
34 years$1,179$804$534$348$223$48
35 years$1,133$762$499$320$202$41
36 years$1,090$724$467$295$183$35
37 years$1,048$687$437$272$166$30
38 years$1,010$653$409$250$150$26
39 years$973$621$384$231$136$22
40 years$938$591$360$213$124$19
41 years$905$562$337$196$112$16
42 years$873$536$316$181$102$14
43 years$844$510$297$167$92$12
44 years$815$486$279$155$84$10
45 years$788$464$262$143$76$9
46 years$762$443$246$132$69$8
47 years$737$422$231$122$63$6
48 years$714$403$217$113$57$6
49 years$691$385$204$104$52$5
50 years$670$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $686,000, adding $6,275 every year, while hoping to spend $38,744 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: 80/8/12 Blend
54$686,000$686,000$686,000$686,000
55$762,445$726,087$715,454$821,255
56$798,991$720,442$698,198$855,131
57$837,966$713,221$679,066$886,629
58$879,577$704,308$657,953$920,067
59$924,051$693,576$634,752$955,621
60$971,636$680,893$609,348$993,485
61$1,022,605$666,119$581,623$1,033,872
62$1,077,256$649,104$551,453$1,077,019
63$1,135,918$629,692$518,708$1,123,185
64$1,198,949$607,715$483,253$1,172,657
65$1,266,746$582,997$444,945$1,225,750
66$1,339,741$555,351$403,638$1,282,814
67$1,418,412$524,579$359,177$1,344,231
68$1,503,280$490,474$311,399$1,410,427
69$1,594,920$452,813$260,137$1,481,868
70$1,693,965$411,363$205,214$1,559,070
71$1,801,107$365,878$146,447$1,642,600
72$1,917,110$316,097$83,643$1,733,087
73$2,042,813$261,743$16,603$1,831,222
74$2,179,137$202,526$0$1,937,767
75$2,327,097$138,138$0$2,060,599
76$2,487,809$68,254$0$2,196,337
77$2,662,498$0$0$2,343,905
78$2,852,515$0$0$2,505,121
79$3,059,344$0$0$2,687,157
80$3,284,620$0$0$2,885,447
81$3,530,141$0$0$3,101,574
82$3,797,886$0$0$3,337,284
83$4,090,032$0$0$3,594,496
84$4,408,976$0$0$3,875,322
85$4,757,359$0$0$4,182,090
86$5,138,085$0$0$4,517,360
87$5,554,352$0$0$4,883,951
88$6,009,682$0$0$5,284,968
89$6,507,953$0$0$5,723,829
90$7,053,433$0$0$6,204,296
91$7,650,825$0$0$6,730,516
92$8,305,307$0$0$7,307,052
93$9,022,579$0$0$7,938,930
94$9,808,923$0$0$8,631,686
95$10,671,254$0$0$9,391,417
96$11,617,190$0$0$10,224,839
97$12,655,121$0$0$11,139,348
98$13,794,291$0$0$12,143,091
99$15,044,879$0$0$13,245,044
100$16,418,099$0$0$14,455,091