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%18.9%
1 years$54,832$54,344$53,868$53,402$52,948$51,049
2 years$27,145$26,639$26,149$25,674$25,213$23,321
3 years$17,917$17,409$16,920$16,450$15,996$14,170
4 years$13,304$12,797$12,314$11,851$11,409$9,662
5 years$10,537$10,033$9,556$9,103$8,673$7,010
6 years$8,692$8,193$7,723$7,280$6,862$5,285
7 years$7,376$6,880$6,418$5,985$5,581$4,089
8 years$6,389$5,898$5,443$5,021$4,630$3,222
9 years$5,621$5,135$4,688$4,276$3,899$2,573
10 years$5,008$4,526$4,087$3,686$3,322$2,076
11 years$4,506$4,030$3,598$3,208$2,857$1,688
12 years$4,088$3,617$3,193$2,814$2,476$1,382
13 years$3,735$3,268$2,853$2,484$2,159$1,136
14 years$3,433$2,971$2,563$2,205$1,893$938
15 years$3,171$2,714$2,314$1,967$1,666$777
16 years$2,942$2,490$2,098$1,761$1,473$645
17 years$2,740$2,293$1,909$1,582$1,306$537
18 years$2,561$2,119$1,743$1,426$1,161$448
19 years$2,401$1,964$1,596$1,288$1,035$374
20 years$2,257$1,825$1,464$1,167$924$312
21 years$2,127$1,700$1,347$1,059$827$261
22 years$2,009$1,587$1,241$963$742$219
23 years$1,901$1,484$1,146$877$666$183
24 years$1,802$1,390$1,060$800$598$154
25 years$1,712$1,305$982$730$538$129
26 years$1,628$1,226$911$668$485$108
27 years$1,551$1,154$846$611$437$91
28 years$1,480$1,088$786$560$395$76
29 years$1,413$1,026$732$514$356$64
30 years$1,352$969$681$471$322$54
31 years$1,294$916$635$433$291$45
32 years$1,240$867$593$398$263$38
33 years$1,189$821$553$366$238$32
34 years$1,142$778$517$337$216$27
35 years$1,097$738$483$310$195$23
36 years$1,055$700$452$285$177$19
37 years$1,015$665$423$263$160$16
38 years$977$632$396$242$145$13
39 years$942$601$371$223$132$11
40 years$908$572$348$206$120$9
41 years$876$544$326$190$109$8
42 years$845$518$306$176$98$7
43 years$816$494$287$162$89$6
44 years$789$471$270$150$81$5
45 years$763$449$253$138$74$4
46 years$738$428$238$128$67$3
47 years$714$409$223$118$61$3
48 years$691$390$210$109$55$2
49 years$669$373$197$101$50$2
50 years$648$356$186$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $664,000, adding $4,882 every year, while hoping to spend $53,053 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: 60/31/9 Blend
54$664,000$664,000$664,000$664,000
55$736,764$701,572$691,280$779,192
56$755,466$679,501$657,990$786,166
57$774,297$654,570$621,806$787,286
58$793,215$626,584$582,577$787,190
59$812,171$595,335$540,141$785,765
60$831,109$560,602$494,332$782,886
61$849,965$522,155$444,975$778,420
62$868,669$479,748$391,889$772,224
63$887,138$433,121$334,883$764,141
64$905,283$382,000$273,757$754,003
65$922,999$326,095$208,305$741,631
66$940,171$265,100$138,310$726,826
67$956,671$198,692$63,546$709,379
68$972,352$126,529$0$689,059
69$987,053$48,250$0$667,180
70$1,000,592$0$0$648,528
71$1,012,768$0$0$639,189
72$1,023,354$0$0$645,229
73$1,032,099$0$0$650,022
74$1,038,723$0$0$653,381
75$1,042,916$0$0$655,101
76$1,044,332$0$0$654,951
77$1,042,585$0$0$652,676
78$1,037,249$0$0$647,993
79$1,027,852$0$0$640,587
80$1,013,867$0$0$630,111
81$994,713$0$0$616,178
82$969,744$0$0$598,361
83$938,246$0$0$576,185
84$899,427$0$0$549,126
85$852,412$0$0$516,604
86$796,229$0$0$477,975
87$729,808$0$0$432,530
88$651,961$0$0$379,482
89$561,377$0$0$317,962
90$456,605$0$0$247,010
91$336,042$0$0$165,565
92$197,916$0$0$72,453
93$40,272$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0