Can I retire at age 55 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$54,502$54,017$53,543$53,081$52,629$50,924
2 years$26,981$26,479$25,992$25,520$25,062$23,360
3 years$17,809$17,304$16,818$16,351$15,900$14,255
4 years$13,224$12,720$12,239$11,780$11,340$9,764
5 years$10,473$9,973$9,498$9,048$8,621$7,118
6 years$8,640$8,144$7,676$7,236$6,821$5,393
7 years$7,331$6,839$6,379$5,949$5,547$4,194
8 years$6,350$5,862$5,410$4,990$4,602$3,323
9 years$5,587$5,104$4,659$4,251$3,876$2,668
10 years$4,977$4,499$4,062$3,664$3,302$2,165
11 years$4,479$4,005$3,576$3,189$2,840$1,771
12 years$4,064$3,595$3,174$2,797$2,461$1,458
13 years$3,713$3,249$2,836$2,469$2,146$1,206
14 years$3,412$2,953$2,548$2,192$1,881$1,002
15 years$3,152$2,698$2,300$1,955$1,656$835
16 years$2,924$2,475$2,086$1,750$1,464$698
17 years$2,723$2,279$1,898$1,573$1,298$585
18 years$2,545$2,106$1,732$1,417$1,154$491
19 years$2,386$1,952$1,586$1,281$1,029$413
20 years$2,243$1,814$1,456$1,160$919$347
21 years$2,114$1,690$1,339$1,053$822$293
22 years$1,996$1,577$1,234$957$737$247
23 years$1,889$1,475$1,139$872$662$208
24 years$1,792$1,382$1,054$795$595$176
25 years$1,702$1,297$976$726$535$149
26 years$1,619$1,219$905$664$482$126
27 years$1,542$1,147$840$608$435$106
28 years$1,471$1,081$781$557$392$90
29 years$1,405$1,020$727$511$354$76
30 years$1,343$963$677$469$320$64
31 years$1,286$910$631$430$289$55
32 years$1,232$861$589$395$262$46
33 years$1,182$816$550$364$237$39
34 years$1,135$773$514$335$214$33
35 years$1,090$733$480$308$194$28
36 years$1,048$696$449$284$176$24
37 years$1,009$661$421$261$159$20
38 years$971$628$394$241$145$17
39 years$936$597$369$222$131$14
40 years$902$568$346$205$119$12
41 years$871$541$324$189$108$10
42 years$840$515$304$174$98$9
43 years$812$491$286$161$89$7
44 years$784$468$268$149$81$6
45 years$758$446$252$137$73$5
46 years$733$426$236$127$66$5
47 years$710$406$222$117$60$4
48 years$687$388$209$108$55$3
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $660,000, adding $6,580 every year, while hoping to spend $25,242 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: 81/8/11 Blend
54$660,000$660,000$660,000$660,000
55$734,107$699,127$688,897$791,654
56$782,129$706,527$685,118$837,747
57$834,203$713,444$680,366$884,345
58$890,716$719,827$674,583$934,746
59$952,092$725,622$667,705$989,318
60$1,018,801$730,773$659,668$1,048,466
61$1,091,357$735,218$650,405$1,112,637
62$1,170,325$738,894$639,843$1,182,323
63$1,256,329$741,730$627,909$1,258,065
64$1,350,054$743,655$614,523$1,340,460
65$1,452,255$744,589$599,605$1,430,167
66$1,563,761$744,451$583,069$1,527,910
67$1,685,488$743,152$564,825$1,634,487
68$1,818,442$740,600$544,780$1,750,778
69$1,963,729$736,696$522,836$1,877,752
70$2,122,569$731,333$498,891$2,016,478
71$2,296,304$724,403$472,838$2,168,132
72$2,486,414$715,785$444,564$2,334,012
73$2,694,525$705,355$413,954$2,515,547
74$2,922,431$692,982$380,885$2,714,311
75$3,172,104$678,523$345,230$2,932,041
76$3,445,719$661,831$306,856$3,170,649
77$3,745,669$642,748$265,623$3,432,244
78$4,074,592$621,107$221,385$3,719,148
79$4,435,391$596,732$173,992$4,033,922
80$4,831,265$569,436$123,285$4,379,387
81$5,265,737$539,021$69,099$4,758,654
82$5,742,689$505,279$11,260$5,175,149
83$6,266,394$467,990$0$5,632,650
84$6,841,564$426,918$0$6,141,242
85$7,473,384$381,818$0$6,701,385
86$8,167,570$332,428$0$7,316,836
87$8,930,419$278,473$0$7,993,192
88$9,768,865$219,662$0$8,736,618
89$10,690,550$155,687$0$9,553,911
90$11,703,893$86,222$0$10,452,556
91$12,818,169$10,925$0$11,440,805
92$14,043,595$0$0$12,527,748
93$15,391,431$0$0$13,729,614
94$16,874,082$0$0$15,052,771
95$18,505,213$0$0$16,508,457
96$20,299,884$0$0$18,110,111
97$22,274,687$0$0$19,872,546
98$24,447,902$0$0$21,812,077
99$26,839,673$0$0$23,946,685
100$29,472,194$0$0$26,296,181