Can I retire at age 55 with 695,000?

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 $695,000?

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$57,392$56,881$56,382$55,896$55,420$54,819
2 years$28,412$27,883$27,370$26,873$26,391$25,785
3 years$18,753$18,222$17,710$17,218$16,743$16,152
4 years$13,925$13,395$12,889$12,404$11,941$11,370
5 years$11,028$10,502$10,002$9,528$9,078$8,527
6 years$9,098$8,576$8,083$7,619$7,183$6,654
7 years$7,720$7,202$6,717$6,264$5,842$5,334
8 years$6,687$6,173$5,697$5,255$4,846$4,360
9 years$5,884$5,375$4,907$4,476$4,081$3,617
10 years$5,241$4,738$4,278$3,858$3,477$3,034
11 years$4,716$4,218$3,766$3,358$2,991$2,569
12 years$4,279$3,786$3,342$2,945$2,592$2,190
13 years$3,909$3,421$2,986$2,600$2,260$1,878
14 years$3,593$3,110$2,683$2,308$1,981$1,619
15 years$3,319$2,841$2,422$2,059$1,744$1,401
16 years$3,079$2,606$2,196$1,843$1,542$1,217
17 years$2,868$2,400$1,998$1,656$1,367$1,060
18 years$2,680$2,218$1,824$1,493$1,215$925
19 years$2,513$2,056$1,670$1,349$1,083$809
20 years$2,362$1,910$1,533$1,221$968$710
21 years$2,226$1,779$1,410$1,109$866$623
22 years$2,102$1,661$1,299$1,008$776$548
23 years$1,990$1,553$1,200$918$697$482
24 years$1,887$1,455$1,110$837$626$425
25 years$1,792$1,366$1,028$765$564$375
26 years$1,705$1,284$953$699$508$331
27 years$1,624$1,208$885$640$458$292
28 years$1,549$1,138$823$586$413$258
29 years$1,479$1,074$766$538$373$228
30 years$1,415$1,014$713$493$337$202
31 years$1,354$959$665$453$305$179
32 years$1,298$907$620$416$276$158
33 years$1,245$859$579$383$249$140
34 years$1,195$814$541$352$226$124
35 years$1,148$772$506$324$204$110
36 years$1,104$733$473$299$185$98
37 years$1,062$696$443$275$168$87
38 years$1,023$662$415$254$152$77
39 years$985$629$389$234$138$68
40 years$950$599$364$216$125$60
41 years$917$570$342$199$114$54
42 years$885$543$320$184$103$48
43 years$855$517$301$170$94$42
44 years$826$493$282$157$85$37
45 years$798$470$265$145$77$33
46 years$772$448$249$134$70$30
47 years$747$428$234$123$64$26
48 years$723$408$220$114$58$23
49 years$700$390$207$105$52$21
50 years$679$373$194$97$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $695,000, adding $2,686 every year, while hoping to spend $21,722 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: 61/29/10 Blend
54$695,000$695,000$695,000$695,000
55$768,661$731,826$721,053$813,638
56$823,952$744,573$722,096$856,856
57$884,155$757,217$722,447$901,266
58$949,748$769,730$722,057$949,185
59$1,021,256$782,081$720,881$1,000,952
60$1,099,260$794,238$718,866$1,056,942
61$1,184,396$806,167$715,959$1,117,566
62$1,277,365$817,830$712,104$1,183,279
63$1,378,940$829,188$707,244$1,254,583
64$1,489,972$840,197$701,316$1,332,029
65$1,611,395$850,814$694,257$1,416,227
66$1,744,241$860,988$685,998$1,507,847
67$1,889,645$870,667$676,470$1,607,630
68$2,048,856$879,797$665,599$1,716,390
69$2,223,251$888,318$653,308$1,835,028
70$2,414,344$896,167$639,515$1,964,534
71$2,623,804$903,277$624,137$2,106,000
72$2,853,471$909,576$607,083$2,260,633
73$3,105,367$914,987$588,263$2,429,759
74$3,381,724$919,431$567,579$2,614,844
75$3,684,996$922,820$544,930$2,817,502
76$4,017,890$925,062$520,209$3,039,511
77$4,383,386$926,061$493,307$3,282,836
78$4,784,765$925,712$464,107$3,549,639
79$5,225,645$923,906$432,488$3,842,305
80$5,710,009$920,525$398,324$4,163,463
81$6,242,245$915,446$361,484$4,516,013
82$6,827,189$908,538$321,828$4,903,150
83$7,470,166$899,661$279,214$5,328,398
84$8,177,046$888,666$233,490$5,795,640
85$8,954,291$875,398$184,499$6,309,159
86$9,809,027$859,690$132,077$6,873,676
87$10,749,099$841,367$76,053$7,494,394
88$11,783,155$820,241$16,249$8,177,052
89$12,920,720$796,116$0$8,927,972
90$14,172,291$768,783$0$9,759,205
91$15,549,432$738,021$0$10,675,540
92$17,064,886$703,597$0$11,683,735
93$18,732,693$665,261$0$12,793,154
94$20,568,323$622,754$0$14,014,116
95$22,588,821$575,798$0$15,357,995
96$24,812,970$524,101$0$16,837,328
97$27,261,464$467,354$0$18,465,932
98$29,957,108$405,229$0$20,259,038
99$32,925,030$337,382$0$22,233,432
100$36,192,918$263,448$0$24,407,614