Can I retire at age 55 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$57,723$57,209$56,707$56,217$55,739$54,816
2 years$28,576$28,043$27,528$27,028$26,542$25,615
3 years$18,861$18,327$17,812$17,317$16,840$15,937
4 years$14,005$13,472$12,963$12,476$12,010$11,139
5 years$11,092$10,562$10,060$9,583$9,130$8,293
6 years$9,151$8,625$8,130$7,663$7,224$6,422
7 years$7,764$7,243$6,756$6,300$5,875$5,108
8 years$6,725$6,209$5,729$5,285$4,874$4,142
9 years$5,917$5,406$4,935$4,502$4,105$3,408
10 years$5,272$4,765$4,302$3,881$3,497$2,835
11 years$4,744$4,242$3,788$3,377$3,008$2,379
12 years$4,304$3,807$3,361$2,962$2,607$2,010
13 years$3,932$3,441$3,003$2,615$2,273$1,708
14 years$3,614$3,128$2,698$2,322$1,992$1,459
15 years$3,338$2,857$2,436$2,070$1,754$1,250
16 years$3,097$2,621$2,209$1,854$1,550$1,075
17 years$2,884$2,414$2,010$1,666$1,375$927
18 years$2,696$2,231$1,835$1,501$1,222$801
19 years$2,527$2,067$1,680$1,356$1,090$694
20 years$2,376$1,921$1,542$1,228$973$602
21 years$2,239$1,789$1,418$1,115$871$523
22 years$2,114$1,670$1,307$1,014$781$455
23 years$2,001$1,562$1,207$923$701$396
24 years$1,897$1,464$1,116$842$630$345
25 years$1,802$1,374$1,034$769$567$301
26 years$1,714$1,291$959$703$511$263
27 years$1,633$1,215$890$644$460$230
28 years$1,558$1,145$827$590$415$201
29 years$1,488$1,080$770$541$375$176
30 years$1,423$1,020$717$496$339$154
31 years$1,362$964$669$456$306$134
32 years$1,305$912$624$419$277$118
33 years$1,252$864$583$385$251$103
34 years$1,202$819$544$354$227$90
35 years$1,155$777$509$326$206$79
36 years$1,110$737$476$300$186$69
37 years$1,068$700$446$277$169$61
38 years$1,029$665$417$255$153$53
39 years$991$633$391$235$139$47
40 years$956$602$366$217$126$41
41 years$922$573$344$200$114$36
42 years$890$546$322$185$104$31
43 years$859$520$302$171$94$28
44 years$831$496$284$157$85$24
45 years$803$473$267$145$78$21
46 years$777$451$250$134$70$19
47 years$751$430$235$124$64$16
48 years$727$411$221$115$58$14
49 years$704$392$208$106$53$13
50 years$682$375$195$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $699,000, adding $3,126 every year, while hoping to spend $54,347 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: 62/21/17 Blend
54$699,000$699,000$699,000$699,000
55$773,522$736,475$725,641$817,976
56$794,597$714,738$692,125$826,534
57$816,000$690,114$655,665$829,471
58$837,706$662,404$616,105$831,396
59$859,689$631,399$573,281$832,216
60$881,915$596,875$527,024$831,827
61$904,346$558,598$477,155$830,122
62$926,938$516,318$423,488$826,984
63$949,641$469,772$365,830$822,285
64$972,396$418,682$303,976$815,890
65$995,137$362,755$237,717$807,651
66$1,017,790$301,679$166,829$797,410
67$1,040,270$235,127$91,083$784,997
68$1,062,481$162,751$10,238$770,228
69$1,084,315$84,187$0$752,903
70$1,105,649$0$0$746,602
71$1,126,348$0$0$740,400
72$1,146,258$0$0$753,084
73$1,165,207$0$0$765,083
74$1,183,003$0$0$776,264
75$1,199,430$0$0$786,480
76$1,214,250$0$0$795,565
77$1,227,194$0$0$803,336
78$1,237,965$0$0$809,589
79$1,246,230$0$0$814,095
80$1,251,622$0$0$816,601
81$1,253,729$0$0$816,826
82$1,252,096$0$0$814,458
83$1,246,217$0$0$809,149
84$1,235,531$0$0$800,514
85$1,219,413$0$0$788,127
86$1,197,174$0$0$771,514
87$1,168,048$0$0$750,151
88$1,131,187$0$0$723,457
89$1,085,652$0$0$690,789
90$1,030,404$0$0$651,436
91$964,292$0$0$604,609
92$886,043$0$0$549,438
93$794,250$0$0$484,959
94$687,356$0$0$410,107
95$563,639$0$0$323,704
96$421,198$0$0$224,449
97$257,930$0$0$110,902
98$71,512$0$0$0
99$0$0$0$0
100$0$0$0$0