Can I retire at age 55 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$54,254$53,771$53,300$52,839$52,390$50,774
2 years$26,859$26,358$25,874$25,404$24,948$23,334
3 years$17,728$17,226$16,742$16,276$15,828$14,266
4 years$13,163$12,663$12,184$11,726$11,289$9,792
5 years$10,425$9,928$9,455$9,007$8,581$7,153
6 years$8,601$8,107$7,641$7,203$6,790$5,432
7 years$7,298$6,808$6,350$5,922$5,522$4,234
8 years$6,321$5,836$5,385$4,968$4,581$3,362
9 years$5,562$5,081$4,638$4,231$3,858$2,706
10 years$4,955$4,479$4,044$3,647$3,287$2,202
11 years$4,459$3,987$3,560$3,174$2,827$1,805
12 years$4,045$3,579$3,159$2,784$2,450$1,490
13 years$3,696$3,234$2,823$2,458$2,136$1,236
14 years$3,396$2,940$2,536$2,182$1,873$1,030
15 years$3,137$2,685$2,290$1,946$1,649$861
16 years$2,911$2,464$2,076$1,742$1,457$722
17 years$2,711$2,269$1,889$1,566$1,292$606
18 years$2,534$2,097$1,725$1,411$1,149$510
19 years$2,375$1,943$1,579$1,275$1,024$430
20 years$2,233$1,806$1,449$1,155$915$363
21 years$2,104$1,682$1,333$1,048$819$307
22 years$1,987$1,570$1,228$953$734$260
23 years$1,881$1,468$1,134$868$659$220
24 years$1,783$1,376$1,049$791$592$186
25 years$1,694$1,291$971$723$533$158
26 years$1,611$1,213$901$661$480$134
27 years$1,535$1,142$837$605$433$114
28 years$1,464$1,076$778$554$390$96
29 years$1,399$1,015$724$508$352$82
30 years$1,337$959$674$466$318$70
31 years$1,280$906$629$428$288$59
32 years$1,227$858$586$394$260$50
33 years$1,177$812$548$362$236$43
34 years$1,130$770$512$333$213$36
35 years$1,085$730$478$307$193$31
36 years$1,043$693$447$282$175$26
37 years$1,004$658$419$260$159$22
38 years$967$625$392$240$144$19
39 years$932$595$367$221$131$16
40 years$898$566$344$204$118$14
41 years$867$539$323$188$107$12
42 years$836$513$303$174$97$10
43 years$808$489$284$160$88$8
44 years$781$466$267$148$80$7
45 years$755$444$251$137$73$6
46 years$730$424$235$126$66$5
47 years$706$404$221$117$60$4
48 years$684$386$208$108$55$4
49 years$662$369$195$100$50$3
50 years$641$352$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $657,000, adding $6,278 every year, while hoping to spend $32,487 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: 69/17/14 Blend
54$657,000$657,000$657,000$657,000
55$730,490$695,669$685,485$778,151
56$770,434$695,191$673,883$810,183
57$813,363$693,600$660,803$840,740
58$859,548$690,809$646,162$873,336
59$909,286$686,722$629,873$908,166
60$962,902$681,240$611,842$945,448
61$1,020,754$674,257$591,975$985,420
62$1,083,235$665,660$570,170$1,028,348
63$1,150,778$655,330$546,324$1,074,523
64$1,223,858$643,142$520,326$1,124,269
65$1,302,996$628,960$492,062$1,177,942
66$1,388,767$612,645$461,411$1,235,936
67$1,481,802$594,045$428,249$1,298,687
68$1,582,795$573,002$392,444$1,366,674
69$1,692,509$549,349$353,861$1,440,430
70$1,811,785$522,906$312,355$1,520,540
71$1,941,546$493,488$267,778$1,607,652
72$2,082,809$460,894$219,973$1,702,480
73$2,236,692$424,915$168,779$1,805,816
74$2,404,427$385,327$114,025$1,918,530
75$2,587,367$341,898$55,534$2,041,585
76$2,787,005$294,377$0$2,176,044
77$3,004,982$242,503$0$2,324,110
78$3,243,103$185,999$0$2,494,969
79$3,503,359$124,572$0$2,681,775
80$3,787,939$57,914$0$2,886,141
81$4,099,253$0$0$3,109,839
82$4,439,958$0$0$3,357,504
83$4,812,976$0$0$3,640,555
84$5,221,526$0$0$3,950,606
85$5,669,154$0$0$4,290,351
86$6,159,763$0$0$4,662,759
87$6,697,653$0$0$5,071,099
88$7,287,561$0$0$5,518,970
89$7,934,702$0$0$6,010,339
90$8,644,821$0$0$6,549,573
91$9,424,246$0$0$7,141,484
92$10,279,949$0$0$7,791,371
93$11,219,609$0$0$8,505,073
94$12,251,683$0$0$9,289,019
95$13,385,491$0$0$10,150,296
96$14,631,297$0$0$11,096,708
97$16,000,411$0$0$12,136,853
98$17,505,292$0$0$13,280,203
99$19,159,664$0$0$14,537,195
100$20,978,651$0$0$15,919,327