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%15.7%
1 years$54,832$54,344$53,868$53,402$52,948$51,710
2 years$27,145$26,639$26,149$25,674$25,213$23,973
3 years$17,917$17,409$16,920$16,450$15,996$14,793
4 years$13,304$12,797$12,314$11,851$11,409$10,251
5 years$10,537$10,033$9,556$9,103$8,673$7,564
6 years$8,692$8,193$7,723$7,280$6,862$5,804
7 years$7,376$6,880$6,418$5,985$5,581$4,573
8 years$6,389$5,898$5,443$5,021$4,630$3,672
9 years$5,621$5,135$4,688$4,276$3,899$2,990
10 years$5,008$4,526$4,087$3,686$3,322$2,461
11 years$4,506$4,030$3,598$3,208$2,857$2,043
12 years$4,088$3,617$3,193$2,814$2,476$1,708
13 years$3,735$3,268$2,853$2,484$2,159$1,435
14 years$3,433$2,971$2,563$2,205$1,893$1,211
15 years$3,171$2,714$2,314$1,967$1,666$1,026
16 years$2,942$2,490$2,098$1,761$1,473$872
17 years$2,740$2,293$1,909$1,582$1,306$743
18 years$2,561$2,119$1,743$1,426$1,161$634
19 years$2,401$1,964$1,596$1,288$1,035$542
20 years$2,257$1,825$1,464$1,167$924$464
21 years$2,127$1,700$1,347$1,059$827$398
22 years$2,009$1,587$1,241$963$742$342
23 years$1,901$1,484$1,146$877$666$294
24 years$1,802$1,390$1,060$800$598$253
25 years$1,712$1,305$982$730$538$218
26 years$1,628$1,226$911$668$485$187
27 years$1,551$1,154$846$611$437$161
28 years$1,480$1,088$786$560$395$139
29 years$1,413$1,026$732$514$356$120
30 years$1,352$969$681$471$322$104
31 years$1,294$916$635$433$291$89
32 years$1,240$867$593$398$263$77
33 years$1,189$821$553$366$238$67
34 years$1,142$778$517$337$216$57
35 years$1,097$738$483$310$195$50
36 years$1,055$700$452$285$177$43
37 years$1,015$665$423$263$160$37
38 years$977$632$396$242$145$32
39 years$942$601$371$223$132$28
40 years$908$572$348$206$120$24
41 years$876$544$326$190$109$21
42 years$845$518$306$176$98$18
43 years$816$494$287$162$89$15
44 years$789$471$270$150$81$13
45 years$763$449$253$138$74$11
46 years$738$428$238$128$67$10
47 years$714$409$223$118$61$9
48 years$691$390$210$109$55$7
49 years$669$373$197$101$50$6
50 years$648$356$186$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $664,000, adding $5,101 every year, while hoping to spend $45,339 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: 54/35/11 Blend
54$664,000$664,000$664,000$664,000
55$736,990$701,798$691,506$774,447
56$763,922$687,945$666,431$786,599
57$792,082$671,895$638,996$794,460
58$821,547$653,490$609,075$801,955
59$852,401$632,567$576,535$809,057
60$884,734$608,951$541,237$815,740
61$918,645$582,457$503,036$821,981
62$954,240$552,891$461,782$827,752
63$991,636$520,046$417,314$833,030
64$1,030,957$483,703$369,469$837,790
65$1,072,342$443,632$318,074$842,011
66$1,115,940$399,589$262,948$845,670
67$1,161,912$351,315$203,903$848,748
68$1,210,437$298,539$140,743$851,229
69$1,261,706$240,972$73,263$853,098
70$1,315,930$178,310$1,247$854,345
71$1,373,339$110,231$0$854,963
72$1,434,185$36,397$0$863,825
73$1,498,741$0$0$872,794
74$1,567,306$0$0$898,536
75$1,640,210$0$0$940,844
76$1,717,811$0$0$985,914
77$1,800,502$0$0$1,033,977
78$1,888,712$0$0$1,085,289
79$1,982,914$0$0$1,140,129
80$2,083,623$0$0$1,198,804
81$2,191,406$0$0$1,261,648
82$2,306,883$0$0$1,329,030
83$2,430,735$0$0$1,401,353
84$2,563,709$0$0$1,479,062
85$2,706,626$0$0$1,562,643
86$2,860,385$0$0$1,652,629
87$3,025,974$0$0$1,749,608
88$3,204,478$0$0$1,854,223
89$3,397,091$0$0$1,967,183
90$3,605,122$0$0$2,089,265
91$3,830,010$0$0$2,221,326
92$4,073,337$0$0$2,364,303
93$4,336,842$0$0$2,519,230
94$4,622,438$0$0$2,687,244
95$4,932,226$0$0$2,869,594
96$5,268,520$0$0$3,067,653
97$5,633,861$0$0$3,282,932
98$6,031,047$0$0$3,517,096
99$6,463,157$0$0$3,771,972
100$6,933,575$0$0$4,049,573