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%13.8%
1 years$57,062$56,554$56,058$55,574$55,101$54,233
2 years$28,249$27,722$27,213$26,718$26,239$25,366
3 years$18,645$18,117$17,608$17,119$16,647$15,797
4 years$13,845$13,318$12,814$12,333$11,873$11,053
5 years$10,965$10,441$9,944$9,473$9,025$8,237
6 years$9,046$8,526$8,037$7,576$7,142$6,386
7 years$7,676$7,160$6,678$6,228$5,808$5,085
8 years$6,648$6,138$5,664$5,225$4,818$4,129
9 years$5,850$5,344$4,878$4,450$4,058$3,400
10 years$5,211$4,710$4,253$3,836$3,457$2,832
11 years$4,689$4,193$3,744$3,339$2,973$2,379
12 years$4,255$3,764$3,323$2,928$2,577$2,013
13 years$3,887$3,401$2,969$2,585$2,247$1,713
14 years$3,572$3,092$2,668$2,295$1,970$1,465
15 years$3,300$2,824$2,408$2,047$1,734$1,257
16 years$3,061$2,591$2,184$1,833$1,533$1,083
17 years$2,851$2,386$1,987$1,647$1,359$935
18 years$2,665$2,205$1,814$1,484$1,208$809
19 years$2,498$2,044$1,660$1,341$1,077$702
20 years$2,348$1,899$1,524$1,214$962$610
21 years$2,213$1,769$1,402$1,102$861$531
22 years$2,090$1,651$1,292$1,002$772$462
23 years$1,978$1,544$1,193$913$693$403
24 years$1,876$1,447$1,103$832$623$352
25 years$1,782$1,358$1,022$760$560$308
26 years$1,695$1,276$948$695$505$269
27 years$1,614$1,201$880$636$455$235
28 years$1,540$1,132$818$583$411$206
29 years$1,471$1,068$761$535$371$180
30 years$1,407$1,008$709$491$335$158
31 years$1,346$953$661$451$303$139
32 years$1,290$902$617$414$274$122
33 years$1,237$854$576$381$248$107
34 years$1,188$810$538$350$224$93
35 years$1,141$768$503$323$203$82
36 years$1,097$729$471$297$184$72
37 years$1,056$692$440$274$167$63
38 years$1,017$658$412$252$151$55
39 years$980$626$386$233$137$49
40 years$945$595$362$215$124$43
41 years$911$567$340$198$113$38
42 years$880$540$319$183$102$33
43 years$850$514$299$169$93$29
44 years$821$490$281$156$84$25
45 years$794$467$264$144$77$22
46 years$768$446$247$133$70$20
47 years$743$425$233$123$63$17
48 years$719$406$218$113$57$15
49 years$696$388$205$105$52$13
50 years$675$370$193$97$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $691,000, adding $5,285 every year, while hoping to spend $22,484 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: 24/49/27 Blend
54$691,000$691,000$691,000$691,000
55$766,933$730,310$719,600$778,713
56$821,238$742,173$719,784$800,914
57$880,328$753,863$719,220$822,437
58$944,668$765,349$717,860$845,022
59$1,014,768$776,595$715,653$868,774
60$1,091,192$787,566$712,545$893,806
61$1,174,558$798,221$708,480$920,246
62$1,265,547$808,518$703,398$948,236
63$1,364,910$818,412$697,239$977,935
64$1,473,471$827,855$689,937$1,009,517
65$1,592,140$836,795$681,424$1,043,178
66$1,721,917$845,176$671,630$1,079,133
67$1,863,903$852,940$660,481$1,117,625
68$2,019,312$860,025$647,898$1,158,919
69$2,189,479$866,364$633,800$1,203,312
70$2,375,876$871,886$618,102$1,251,133
71$2,580,122$876,515$600,715$1,302,746
72$2,804,001$880,171$581,546$1,358,557
73$3,049,478$882,768$560,496$1,419,013
74$3,318,717$884,216$537,465$1,484,612
75$3,614,101$884,417$512,345$1,555,906
76$3,938,256$883,271$485,026$1,633,503
77$4,294,074$880,666$455,390$1,718,082
78$4,684,740$876,489$423,315$1,810,391
79$5,113,762$870,616$388,676$1,911,260
80$5,585,007$862,918$351,338$2,021,608
81$6,102,733$853,256$311,163$2,142,450
82$6,671,631$841,485$268,005$2,274,913
83$7,296,868$827,448$221,715$2,420,241
84$7,984,139$810,983$172,132$2,579,811
85$8,739,715$791,916$119,093$2,755,148
86$9,570,508$770,062$62,424$2,947,936
87$10,484,131$745,226$1,947$3,160,040
88$11,488,973$717,202$0$3,393,518
89$12,594,275$685,772$0$3,668,681
90$13,810,221$650,705$0$3,971,785
91$15,148,031$611,757$0$4,305,110
92$16,620,066$568,669$0$4,671,792
93$18,239,947$521,168$0$5,075,292
94$20,022,682$468,965$0$5,519,432
95$21,984,807$411,756$0$6,008,426
96$24,144,543$349,218$0$6,546,928
97$26,521,966$281,009$0$7,140,072
98$29,139,199$206,771$0$7,793,523
99$32,020,618$126,123$0$8,513,533
100$35,193,082$38,664$0$9,306,998