Can I retire at age 55 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$57,062$56,554$56,058$55,574$55,101$54,754
2 years$28,249$27,722$27,213$26,718$26,239$25,888
3 years$18,645$18,117$17,608$17,119$16,647$16,304
4 years$13,845$13,318$12,814$12,333$11,873$11,541
5 years$10,965$10,441$9,944$9,473$9,025$8,705
6 years$9,046$8,526$8,037$7,576$7,142$6,833
7 years$7,676$7,160$6,678$6,228$5,808$5,511
8 years$6,648$6,138$5,664$5,225$4,818$4,534
9 years$5,850$5,344$4,878$4,450$4,058$3,785
10 years$5,211$4,710$4,253$3,836$3,457$3,196
11 years$4,689$4,193$3,744$3,339$2,973$2,724
12 years$4,255$3,764$3,323$2,928$2,577$2,339
13 years$3,887$3,401$2,969$2,585$2,247$2,020
14 years$3,572$3,092$2,668$2,295$1,970$1,754
15 years$3,300$2,824$2,408$2,047$1,734$1,529
16 years$3,061$2,591$2,184$1,833$1,533$1,338
17 years$2,851$2,386$1,987$1,647$1,359$1,174
18 years$2,665$2,205$1,814$1,484$1,208$1,033
19 years$2,498$2,044$1,660$1,341$1,077$911
20 years$2,348$1,899$1,524$1,214$962$805
21 years$2,213$1,769$1,402$1,102$861$713
22 years$2,090$1,651$1,292$1,002$772$632
23 years$1,978$1,544$1,193$913$693$561
24 years$1,876$1,447$1,103$832$623$498
25 years$1,782$1,358$1,022$760$560$443
26 years$1,695$1,276$948$695$505$395
27 years$1,614$1,201$880$636$455$352
28 years$1,540$1,132$818$583$411$314
29 years$1,471$1,068$761$535$371$280
30 years$1,407$1,008$709$491$335$250
31 years$1,346$953$661$451$303$223
32 years$1,290$902$617$414$274$199
33 years$1,237$854$576$381$248$178
34 years$1,188$810$538$350$224$159
35 years$1,141$768$503$323$203$143
36 years$1,097$729$471$297$184$128
37 years$1,056$692$440$274$167$114
38 years$1,017$658$412$252$151$102
39 years$980$626$386$233$137$92
40 years$945$595$362$215$124$82
41 years$911$567$340$198$113$73
42 years$880$540$319$183$102$66
43 years$850$514$299$169$93$59
44 years$821$490$281$156$84$53
45 years$794$467$264$144$77$47
46 years$768$446$247$133$70$42
47 years$743$425$233$123$63$38
48 years$719$406$218$113$57$34
49 years$696$388$205$105$52$31
50 years$675$370$193$97$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $691,000, adding $4,691 every year, while hoping to spend $45,702 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: 31/45/24 Blend
54$691,000$691,000$691,000$691,000
55$766,321$729,698$718,987$784,283
56$795,859$716,826$694,447$785,511
57$826,878$701,793$667,552$782,434
58$859,481$684,442$638,177$778,193
59$893,781$664,612$606,188$772,715
60$929,897$642,129$571,446$765,927
61$967,963$616,810$533,806$757,750
62$1,008,124$588,461$493,117$748,106
63$1,050,535$556,879$449,220$736,911
64$1,095,370$521,846$401,948$724,083
65$1,142,815$483,134$351,131$709,533
66$1,193,074$440,499$296,585$693,172
67$1,246,371$393,687$238,124$674,910
68$1,302,949$342,426$175,550$654,653
69$1,363,076$286,432$108,658$632,307
70$1,427,044$225,401$37,232$607,775
71$1,495,172$159,015$0$580,961
72$1,567,810$86,937$0$561,752
73$1,645,341$8,812$0$550,890
74$1,728,186$0$0$538,797
75$1,816,803$0$0$562,944
76$1,911,698$0$0$593,545
77$2,013,425$0$0$626,421
78$2,122,589$0$0$661,780
79$2,239,858$0$0$699,846
80$2,365,962$0$0$740,868
81$2,501,705$0$0$785,117
82$2,647,967$0$0$832,893
83$2,805,718$0$0$884,525
84$2,976,020$0$0$940,374
85$3,160,043$0$0$1,000,837
86$3,359,071$0$0$1,066,350
87$3,574,516$0$0$1,137,393
88$3,807,930$0$0$1,214,494
89$4,061,020$0$0$1,298,234
90$4,335,662$0$0$1,389,251
91$4,633,922$0$0$1,488,248
92$4,958,068$0$0$1,595,997
93$5,310,600$0$0$1,713,349
94$5,694,263$0$0$1,841,239
95$6,112,084$0$0$1,980,697
96$6,567,387$0$0$2,132,858
97$7,063,835$0$0$2,298,968
98$7,605,458$0$0$2,480,400
99$8,196,692$0$0$2,678,668
100$8,842,419$0$0$2,895,434