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%12.6%
1 years$56,649$56,145$55,652$55,172$54,703$54,109
2 years$28,044$27,522$27,016$26,525$26,049$25,451
3 years$18,510$17,986$17,481$16,995$16,526$15,943
4 years$13,744$13,222$12,722$12,244$11,787$11,222
5 years$10,886$10,366$9,873$9,404$8,960$8,416
6 years$8,980$8,464$7,978$7,521$7,090$6,567
7 years$7,620$7,108$6,630$6,183$5,766$5,265
8 years$6,600$6,093$5,623$5,187$4,783$4,304
9 years$5,807$5,305$4,843$4,418$4,028$3,570
10 years$5,174$4,676$4,222$3,808$3,432$2,995
11 years$4,655$4,163$3,717$3,315$2,952$2,535
12 years$4,224$3,737$3,299$2,907$2,558$2,162
13 years$3,859$3,377$2,947$2,567$2,231$1,854
14 years$3,546$3,069$2,648$2,278$1,955$1,598
15 years$3,276$2,804$2,391$2,032$1,722$1,383
16 years$3,039$2,573$2,168$1,819$1,522$1,201
17 years$2,831$2,369$1,973$1,635$1,349$1,046
18 years$2,646$2,189$1,801$1,473$1,200$913
19 years$2,480$2,029$1,648$1,331$1,069$799
20 years$2,331$1,885$1,513$1,206$955$700
21 years$2,197$1,756$1,392$1,094$855$615
22 years$2,075$1,639$1,283$995$766$541
23 years$1,964$1,533$1,184$906$688$476
24 years$1,862$1,437$1,095$826$618$419
25 years$1,769$1,348$1,014$755$556$370
26 years$1,682$1,267$941$690$501$327
27 years$1,603$1,192$874$632$452$288
28 years$1,529$1,124$812$579$408$255
29 years$1,460$1,060$756$531$368$226
30 years$1,396$1,001$704$487$333$200
31 years$1,337$946$656$447$301$177
32 years$1,281$895$612$411$272$156
33 years$1,229$848$572$378$246$139
34 years$1,179$804$534$348$223$123
35 years$1,133$762$499$320$202$109
36 years$1,090$724$467$295$183$96
37 years$1,048$687$437$272$166$86
38 years$1,010$653$409$250$150$76
39 years$973$621$384$231$136$67
40 years$938$591$360$213$124$60
41 years$905$562$337$196$112$53
42 years$873$536$316$181$102$47
43 years$844$510$297$167$92$42
44 years$815$486$279$155$84$37
45 years$788$464$262$143$76$33
46 years$762$443$246$132$69$29
47 years$737$422$231$122$63$26
48 years$714$403$217$113$57$23
49 years$691$385$204$104$52$20
50 years$670$368$192$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $686,000, adding $6,420 every year, while hoping to spend $38,665 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: 65/20/15 Blend
54$686,000$686,000$686,000$686,000
55$762,594$726,236$715,603$809,010
56$799,240$720,683$698,437$835,307
57$838,327$713,561$679,399$858,965
58$880,064$704,753$658,387$883,865
59$924,680$694,136$635,292$910,127
60$972,425$681,575$610,002$937,886
61$1,023,572$666,933$582,397$967,290
62$1,078,423$650,059$552,354$998,506
63$1,137,308$630,798$519,744$1,031,715
64$1,200,589$608,983$484,431$1,067,123
65$1,268,665$584,438$446,274$1,104,955
66$1,341,970$556,977$405,126$1,145,463
67$1,420,986$526,404$360,833$1,188,924
68$1,506,238$492,510$313,233$1,235,648
69$1,598,306$455,074$262,158$1,285,977
70$1,697,826$413,865$207,432$1,340,291
71$1,805,496$368,637$148,873$1,399,010
72$1,922,085$319,128$86,289$1,462,601
73$2,048,438$265,065$19,480$1,531,581
74$2,185,483$206,158$0$1,606,521
75$2,334,242$142,099$0$1,696,349
76$2,495,838$72,566$0$1,797,340
77$2,671,507$0$0$1,907,185
78$2,862,609$0$0$2,027,396
79$3,070,640$0$0$2,175,681
80$3,297,245$0$0$2,337,249
81$3,544,237$0$0$2,513,394
82$3,813,607$0$0$2,705,546
83$4,107,551$0$0$2,915,274
84$4,428,483$0$0$3,144,309
85$4,779,062$0$0$3,394,552
86$5,162,214$0$0$3,668,101
87$5,581,162$0$0$3,967,261
88$6,039,454$0$0$4,294,574
89$6,540,995$0$0$4,652,836
90$7,090,087$0$0$5,045,128
91$7,691,467$0$0$5,474,841
92$8,350,351$0$0$5,945,711
93$9,072,483$0$0$6,461,851
94$9,864,190$0$0$7,027,792
95$10,732,439$0$0$7,648,525
96$11,684,907$0$0$8,329,545
97$12,730,045$0$0$9,076,907
98$13,877,166$0$0$9,897,278
99$15,136,526$0$0$10,798,005
100$16,519,424$0$0$11,787,179