Can I retire at age 55 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$57,558$57,045$56,545$56,056$55,580$53,459
2 years$28,494$27,963$27,449$26,950$26,467$24,355
3 years$18,807$18,274$17,761$17,267$16,791$14,755
4 years$13,965$13,434$12,926$12,440$11,976$10,031
5 years$11,060$10,532$10,031$9,555$9,104$7,255
6 years$9,124$8,600$8,106$7,641$7,204$5,452
7 years$7,742$7,222$6,736$6,282$5,858$4,203
8 years$6,706$6,191$5,713$5,270$4,860$3,300
9 years$5,901$5,390$4,921$4,489$4,093$2,626
10 years$5,257$4,751$4,290$3,870$3,487$2,111
11 years$4,730$4,230$3,777$3,368$2,999$1,710
12 years$4,291$3,796$3,352$2,954$2,599$1,394
13 years$3,921$3,431$2,995$2,608$2,266$1,141
14 years$3,603$3,119$2,691$2,315$1,987$938
15 years$3,328$2,849$2,429$2,065$1,749$774
16 years$3,088$2,614$2,203$1,849$1,546$640
17 years$2,876$2,407$2,004$1,661$1,371$530
18 years$2,688$2,224$1,830$1,497$1,219$440
19 years$2,520$2,062$1,675$1,353$1,086$366
20 years$2,369$1,916$1,537$1,225$970$304
21 years$2,232$1,784$1,414$1,112$868$253
22 years$2,108$1,666$1,303$1,011$778$211
23 years$1,995$1,558$1,203$921$699$176
24 years$1,892$1,460$1,113$840$628$147
25 years$1,797$1,370$1,031$767$565$123
26 years$1,709$1,287$956$701$509$103
27 years$1,628$1,212$888$642$459$86
28 years$1,553$1,142$825$588$414$72
29 years$1,484$1,077$768$539$374$60
30 years$1,419$1,017$715$495$338$50
31 years$1,358$962$667$454$305$42
32 years$1,301$910$622$418$276$35
33 years$1,248$862$581$384$250$29
34 years$1,198$817$543$353$226$24
35 years$1,151$775$507$325$205$20
36 years$1,107$735$475$300$186$17
37 years$1,065$698$444$276$168$14
38 years$1,026$664$416$254$153$12
39 years$988$631$390$235$138$10
40 years$953$600$365$216$126$8
41 years$919$571$343$200$114$7
42 years$887$544$321$184$103$6
43 years$857$519$302$170$94$5
44 years$828$494$283$157$85$4
45 years$801$471$266$145$77$3
46 years$774$450$250$134$70$3
47 years$749$429$235$124$64$2
48 years$725$410$220$114$58$2
49 years$702$391$207$106$53$2
50 years$681$374$195$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $697,000, adding $4,907 every year, while hoping to spend $50,802 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: 56/36/8 Blend
54$697,000$697,000$697,000$697,000
55$773,156$736,215$725,411$814,739
56$797,965$718,236$695,659$825,378
57$823,601$697,674$663,208$830,882
58$850,097$674,348$627,914$835,642
59$877,483$648,068$589,626$839,593
60$905,794$618,631$548,186$842,666
61$935,065$585,824$503,430$844,790
62$965,334$549,421$455,187$845,887
63$996,639$509,184$403,277$845,878
64$1,029,022$464,860$347,512$844,676
65$1,062,525$416,181$287,697$842,193
66$1,097,195$362,867$223,628$838,332
67$1,133,080$304,618$155,090$832,993
68$1,170,230$241,120$81,861$826,070
69$1,208,699$172,040$3,709$817,453
70$1,248,544$97,027$0$807,022
71$1,289,824$15,710$0$801,458
72$1,332,604$0$0$794,607
73$1,376,950$0$0$814,680
74$1,422,935$0$0$841,953
75$1,470,635$0$0$870,251
76$1,520,131$0$0$899,620
77$1,571,510$0$0$930,115
78$1,624,863$0$0$961,790
79$1,680,290$0$0$994,705
80$1,737,896$0$0$1,028,925
81$1,797,793$0$0$1,064,516
82$1,860,103$0$0$1,101,553
83$1,924,954$0$0$1,140,114
84$1,992,487$0$0$1,180,284
85$2,062,851$0$0$1,222,153
86$2,136,206$0$0$1,265,820
87$2,212,727$0$0$1,311,389
88$2,292,599$0$0$1,358,975
89$2,376,024$0$0$1,408,700
90$2,463,221$0$0$1,460,696
91$2,554,425$0$0$1,515,109
92$2,649,890$0$0$1,572,091
93$2,749,891$0$0$1,631,814
94$2,854,730$0$0$1,694,458
95$2,964,728$0$0$1,760,221
96$3,080,239$0$0$1,829,321
97$3,201,646$0$0$1,901,989
98$3,329,363$0$0$1,978,481
99$3,463,844$0$0$2,059,073
100$3,605,580$0$0$2,144,067