Can I retire at age 55 with 692,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$57,145$56,636$56,139$55,654$55,181$54,089
2 years$28,289$27,763$27,252$26,757$26,277$25,181
3 years$18,672$18,143$17,634$17,143$16,671$15,606
4 years$13,865$13,337$12,833$12,351$11,890$10,864
5 years$10,981$10,456$9,959$9,487$9,039$8,054
6 years$9,059$8,539$8,048$7,587$7,152$6,210
7 years$7,687$7,171$6,688$6,237$5,816$4,918
8 years$6,658$6,147$5,672$5,232$4,825$3,969
9 years$5,858$5,352$4,885$4,457$4,064$3,250
10 years$5,219$4,717$4,259$3,842$3,462$2,690
11 years$4,696$4,199$3,750$3,344$2,978$2,246
12 years$4,261$3,769$3,328$2,933$2,580$1,888
13 years$3,893$3,406$2,973$2,589$2,250$1,596
14 years$3,577$3,096$2,671$2,298$1,973$1,356
15 years$3,304$2,828$2,412$2,050$1,737$1,156
16 years$3,066$2,595$2,187$1,835$1,535$988
17 years$2,856$2,390$1,990$1,649$1,361$847
18 years$2,669$2,208$1,816$1,486$1,210$728
19 years$2,502$2,047$1,663$1,343$1,079$627
20 years$2,352$1,902$1,526$1,216$963$541
21 years$2,216$1,772$1,404$1,104$862$467
22 years$2,093$1,654$1,294$1,004$773$404
23 years$1,981$1,547$1,195$914$694$349
24 years$1,878$1,449$1,105$834$624$303
25 years$1,784$1,360$1,023$761$561$262
26 years$1,697$1,278$949$696$505$228
27 years$1,617$1,203$881$637$456$197
28 years$1,542$1,133$819$584$411$171
29 years$1,473$1,069$762$535$371$149
30 years$1,409$1,010$710$491$335$129
31 years$1,348$955$662$451$303$113
32 years$1,292$903$618$415$274$98
33 years$1,239$855$577$381$248$85
34 years$1,190$811$539$351$225$74
35 years$1,143$769$504$323$204$64
36 years$1,099$730$471$297$184$56
37 years$1,058$693$441$274$167$49
38 years$1,018$659$413$253$152$42
39 years$981$626$387$233$137$37
40 years$946$596$363$215$125$32
41 years$913$567$340$198$113$28
42 years$881$540$319$183$103$24
43 years$851$515$299$169$93$21
44 years$822$491$281$156$85$18
45 years$795$468$264$144$77$16
46 years$769$446$248$133$70$14
47 years$744$426$233$123$63$12
48 years$720$407$219$114$57$11
49 years$697$388$206$105$52$9
50 years$676$371$193$97$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $692,000, adding $2,310 every year, while hoping to spend $20,062 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: 81/10/9 Blend
54$692,000$692,000$692,000$692,000
55$764,967$728,291$717,565$825,751
56$821,648$742,631$720,257$880,248
57$883,437$757,002$722,368$937,168
58$950,836$771,383$723,855$999,039
59$1,024,394$785,754$724,677$1,066,347
60$1,104,717$800,091$724,789$1,139,626
61$1,192,472$814,369$724,143$1,219,465
62$1,288,393$828,561$722,690$1,306,510
63$1,393,287$842,639$720,379$1,401,476
64$1,508,046$856,572$717,155$1,505,149
65$1,633,648$870,325$712,961$1,618,395
66$1,771,173$883,864$707,737$1,742,167
67$1,921,808$897,148$701,422$1,877,516
68$2,086,862$910,139$693,950$2,025,600
69$2,267,776$922,790$685,251$2,187,694
70$2,466,137$935,054$675,255$2,365,203
71$2,683,693$946,882$663,886$2,559,675
72$2,922,369$958,218$651,066$2,772,816
73$3,184,286$969,006$636,711$3,006,504
74$3,471,779$979,183$620,737$3,262,811
75$3,787,421$988,684$603,052$3,544,017
76$4,134,046$997,438$583,563$3,852,637
77$4,514,777$1,005,370$562,170$4,191,441
78$4,933,053$1,012,402$538,772$4,563,480
79$5,392,663$1,018,448$513,259$4,972,119
80$5,897,781$1,023,418$485,519$5,421,062
81$6,453,005$1,027,216$455,435$5,914,395
82$7,063,402$1,029,741$422,882$6,456,617
83$7,734,554$1,030,882$387,734$7,052,687
84$8,472,609$1,030,527$349,854$7,708,070
85$9,284,344$1,028,552$309,103$8,428,788
86$10,177,224$1,024,827$265,334$9,221,478
87$11,159,472$1,019,214$218,394$10,093,451
88$12,240,150$1,011,568$168,122$11,052,768
89$13,429,244$1,001,734$114,353$12,108,308
90$14,737,754$989,546$56,911$13,269,858
91$16,177,802$974,831$0$14,548,204
92$17,762,745$957,404$0$15,955,651
93$19,507,297$937,070$0$17,510,736
94$21,427,676$913,621$0$19,222,439
95$23,541,749$886,838$0$21,106,688
96$25,869,203$856,488$0$23,181,030
97$28,431,732$822,327$0$25,464,806
98$31,253,242$784,094$0$27,979,325
99$34,360,071$741,513$0$30,748,071
100$37,781,246$694,295$0$33,796,920