Can I retire at age 55 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,832$54,344$53,868$53,402$52,948$51,964
2 years$27,145$26,639$26,149$25,674$25,213$24,226
3 years$17,917$17,409$16,920$16,450$15,996$15,036
4 years$13,304$12,797$12,314$11,851$11,409$10,483
5 years$10,537$10,033$9,556$9,103$8,673$7,784
6 years$8,692$8,193$7,723$7,280$6,862$6,012
7 years$7,376$6,880$6,418$5,985$5,581$4,769
8 years$6,389$5,898$5,443$5,021$4,630$3,856
9 years$5,621$5,135$4,688$4,276$3,899$3,162
10 years$5,008$4,526$4,087$3,686$3,322$2,623
11 years$4,506$4,030$3,598$3,208$2,857$2,194
12 years$4,088$3,617$3,193$2,814$2,476$1,848
13 years$3,735$3,268$2,853$2,484$2,159$1,565
14 years$3,433$2,971$2,563$2,205$1,893$1,332
15 years$3,171$2,714$2,314$1,967$1,666$1,138
16 years$2,942$2,490$2,098$1,761$1,473$975
17 years$2,740$2,293$1,909$1,582$1,306$838
18 years$2,561$2,119$1,743$1,426$1,161$722
19 years$2,401$1,964$1,596$1,288$1,035$623
20 years$2,257$1,825$1,464$1,167$924$538
21 years$2,127$1,700$1,347$1,059$827$466
22 years$2,009$1,587$1,241$963$742$404
23 years$1,901$1,484$1,146$877$666$350
24 years$1,802$1,390$1,060$800$598$304
25 years$1,712$1,305$982$730$538$264
26 years$1,628$1,226$911$668$485$230
27 years$1,551$1,154$846$611$437$200
28 years$1,480$1,088$786$560$395$174
29 years$1,413$1,026$732$514$356$151
30 years$1,352$969$681$471$322$132
31 years$1,294$916$635$433$291$115
32 years$1,240$867$593$398$263$100
33 years$1,189$821$553$366$238$87
34 years$1,142$778$517$337$216$76
35 years$1,097$738$483$310$195$66
36 years$1,055$700$452$285$177$58
37 years$1,015$665$423$263$160$51
38 years$977$632$396$242$145$44
39 years$942$601$371$223$132$39
40 years$908$572$348$206$120$34
41 years$876$544$326$190$109$29
42 years$845$518$306$176$98$26
43 years$816$494$287$162$89$22
44 years$789$471$270$150$81$20
45 years$763$449$253$138$74$17
46 years$738$428$238$128$67$15
47 years$714$409$223$118$61$13
48 years$691$390$210$109$55$11
49 years$669$373$197$101$50$10
50 years$648$356$186$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $664,000, adding $6,788 every year, while hoping to spend $51,906 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: 76/15/9 Blend
54$664,000$664,000$664,000$664,000
55$738,730$703,538$693,246$793,270
56$758,853$682,784$661,242$809,349
57$779,288$659,273$626,426$819,680
58$800,014$632,815$588,650$829,519
59$821,003$603,211$547,757$838,798
60$842,223$570,246$503,585$847,443
61$863,638$533,697$455,963$855,371
62$885,207$493,325$404,715$862,494
63$906,879$448,879$349,655$868,714
64$928,601$400,094$290,588$873,926
65$950,309$346,690$227,314$878,014
66$971,931$288,368$159,619$880,852
67$993,387$224,817$87,285$882,302
68$1,014,584$155,704$10,081$882,214
69$1,035,419$80,681$0$880,424
70$1,055,775$0$0$883,698
71$1,075,523$0$0$886,483
72$1,094,514$0$0$901,939
73$1,112,585$0$0$916,609
74$1,129,553$0$0$930,341
75$1,145,210$0$0$942,960
76$1,159,328$0$0$954,275
77$1,171,652$0$0$964,071
78$1,181,896$0$0$972,108
79$1,189,743$0$0$978,121
80$1,194,840$0$0$981,813
81$1,196,795$0$0$982,856
82$1,195,172$0$0$980,883
83$1,189,487$0$0$975,488
84$1,179,203$0$0$966,222
85$1,163,725$0$0$952,585
86$1,142,391$0$0$934,022
87$1,114,470$0$0$909,921
88$1,079,151$0$0$879,602
89$1,035,536$0$0$842,311
90$982,631$0$0$797,215
91$919,336$0$0$743,393
92$844,435$0$0$679,825
93$756,580$0$0$605,381
94$654,283$0$0$518,815
95$535,899$0$0$418,747
96$399,608$0$0$303,653
97$243,400$0$0$171,849
98$65,055$0$0$21,474
99$0$0$0$0
100$0$0$0$0