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%14.5%
1 years$57,062$56,554$56,058$55,574$55,101$54,077
2 years$28,249$27,722$27,213$26,718$26,239$25,211
3 years$18,645$18,117$17,608$17,119$16,647$15,647
4 years$13,845$13,318$12,814$12,333$11,873$10,909
5 years$10,965$10,441$9,944$9,473$9,025$8,100
6 years$9,046$8,526$8,037$7,576$7,142$6,256
7 years$7,676$7,160$6,678$6,228$5,808$4,962
8 years$6,648$6,138$5,664$5,225$4,818$4,012
9 years$5,850$5,344$4,878$4,450$4,058$3,291
10 years$5,211$4,710$4,253$3,836$3,457$2,729
11 years$4,689$4,193$3,744$3,339$2,973$2,283
12 years$4,255$3,764$3,323$2,928$2,577$1,923
13 years$3,887$3,401$2,969$2,585$2,247$1,629
14 years$3,572$3,092$2,668$2,295$1,970$1,386
15 years$3,300$2,824$2,408$2,047$1,734$1,184
16 years$3,061$2,591$2,184$1,833$1,533$1,015
17 years$2,851$2,386$1,987$1,647$1,359$872
18 years$2,665$2,205$1,814$1,484$1,208$751
19 years$2,498$2,044$1,660$1,341$1,077$648
20 years$2,348$1,899$1,524$1,214$962$560
21 years$2,213$1,769$1,402$1,102$861$485
22 years$2,090$1,651$1,292$1,002$772$420
23 years$1,978$1,544$1,193$913$693$364
24 years$1,876$1,447$1,103$832$623$316
25 years$1,782$1,358$1,022$760$560$275
26 years$1,695$1,276$948$695$505$239
27 years$1,614$1,201$880$636$455$208
28 years$1,540$1,132$818$583$411$181
29 years$1,471$1,068$761$535$371$158
30 years$1,407$1,008$709$491$335$137
31 years$1,346$953$661$451$303$120
32 years$1,290$902$617$414$274$104
33 years$1,237$854$576$381$248$91
34 years$1,188$810$538$350$224$79
35 years$1,141$768$503$323$203$69
36 years$1,097$729$471$297$184$60
37 years$1,056$692$440$274$167$53
38 years$1,017$658$412$252$151$46
39 years$980$626$386$233$137$40
40 years$945$595$362$215$124$35
41 years$911$567$340$198$113$31
42 years$880$540$319$183$102$27
43 years$850$514$299$169$93$23
44 years$821$490$281$156$84$20
45 years$794$467$264$144$77$18
46 years$768$446$247$133$70$15
47 years$743$425$233$123$63$14
48 years$719$406$218$113$57$12
49 years$696$388$205$105$52$10
50 years$675$370$193$97$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $691,000, adding $2,481 every year, while hoping to spend $49,921 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: 51/22/27 Blend
54$691,000$691,000$691,000$691,000
55$764,041$727,418$716,708$797,090
56$788,858$709,946$687,602$802,883
57$814,533$689,945$655,848$803,956
58$841,100$667,237$621,304$804,132
59$868,598$641,637$583,823$803,348
60$897,064$612,947$543,250$801,535
61$926,539$580,956$499,424$798,624
62$957,067$545,444$452,176$794,542
63$988,694$506,176$401,329$789,211
64$1,021,467$462,906$346,701$782,550
65$1,055,440$415,371$288,098$774,474
66$1,090,665$363,295$225,320$764,895
67$1,127,202$306,385$158,157$753,718
68$1,165,113$244,334$86,391$740,848
69$1,204,463$176,815$9,794$726,181
70$1,245,322$103,483$0$709,613
71$1,287,766$23,975$0$711,759
72$1,331,876$0$0$716,134
73$1,377,736$0$0$734,901
74$1,425,440$0$0$760,470
75$1,475,085$0$0$787,091
76$1,526,778$0$0$814,822
77$1,580,632$0$0$843,727
78$1,636,771$0$0$873,872
79$1,695,325$0$0$905,331
80$1,756,438$0$0$938,182
81$1,820,262$0$0$972,510
82$1,886,963$0$0$1,008,406
83$1,956,720$0$0$1,045,970
84$2,029,726$0$0$1,085,308
85$2,106,193$0$0$1,126,537
86$2,186,346$0$0$1,169,783
87$2,270,432$0$0$1,215,184
88$2,358,719$0$0$1,262,886
89$2,451,497$0$0$1,313,052
90$2,549,083$0$0$1,365,858
91$2,651,820$0$0$1,421,495
92$2,760,082$0$0$1,480,171
93$2,874,277$0$0$1,542,112
94$2,994,848$0$0$1,607,567
95$3,122,281$0$0$1,676,806
96$3,257,104$0$0$1,750,122
97$3,399,893$0$0$1,827,839
98$3,551,280$0$0$1,910,308
99$3,711,953$0$0$1,997,914
100$3,882,666$0$0$2,091,077