Can I retire at age 55 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,915$54,426$53,949$53,483$53,028$51,086
2 years$27,186$26,679$26,189$25,713$25,251$23,316
3 years$17,944$17,435$16,946$16,475$16,021$14,153
4 years$13,324$12,817$12,332$11,869$11,426$9,641
5 years$10,552$10,049$9,570$9,117$8,686$6,988
6 years$8,705$8,205$7,734$7,291$6,873$5,263
7 years$7,387$6,891$6,427$5,994$5,589$4,067
8 years$6,398$5,907$5,451$5,028$4,637$3,201
9 years$5,630$5,143$4,695$4,283$3,905$2,553
10 years$5,015$4,533$4,093$3,692$3,327$2,057
11 years$4,513$4,036$3,603$3,213$2,862$1,671
12 years$4,094$3,622$3,198$2,818$2,480$1,365
13 years$3,741$3,273$2,857$2,488$2,162$1,121
14 years$3,438$2,975$2,567$2,209$1,896$924
15 years$3,175$2,718$2,318$1,970$1,669$765
16 years$2,946$2,494$2,101$1,764$1,475$634
17 years$2,744$2,297$1,912$1,585$1,308$527
18 years$2,565$2,122$1,746$1,428$1,163$439
19 years$2,404$1,967$1,598$1,290$1,037$366
20 years$2,260$1,828$1,467$1,169$926$305
21 years$2,130$1,702$1,349$1,061$829$255
22 years$2,012$1,589$1,243$964$743$213
23 years$1,904$1,486$1,148$878$667$178
24 years$1,805$1,393$1,062$801$599$149
25 years$1,714$1,307$983$732$539$125
26 years$1,631$1,228$912$669$486$105
27 years$1,554$1,156$847$612$438$88
28 years$1,482$1,089$787$561$395$74
29 years$1,416$1,028$733$514$357$62
30 years$1,354$970$682$472$322$52
31 years$1,296$917$636$434$291$43
32 years$1,242$868$594$398$264$36
33 years$1,191$822$554$366$239$31
34 years$1,143$779$518$337$216$26
35 years$1,098$739$484$310$196$22
36 years$1,056$701$453$286$177$18
37 years$1,016$666$424$263$161$15
38 years$979$633$397$243$146$13
39 years$943$602$372$224$132$11
40 years$909$573$349$206$120$9
41 years$877$545$327$190$109$8
42 years$847$519$307$176$99$6
43 years$818$495$288$162$90$5
44 years$790$472$270$150$81$4
45 years$764$450$254$138$74$4
46 years$739$429$238$128$67$3
47 years$715$409$224$118$61$3
48 years$692$391$210$109$55$2
49 years$670$373$198$101$50$2
50 years$649$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $665,000, adding $4,718 every year, while hoping to spend $26,995 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: 43/32/25 Blend
54$665,000$665,000$665,000$665,000
55$737,697$702,452$692,144$763,866
56$784,219$708,149$686,608$788,675
57$834,582$713,221$679,983$812,592
58$889,149$717,609$672,202$837,975
59$948,319$721,248$663,197$864,974
60$1,012,532$724,073$652,898$893,756
61$1,082,270$726,013$641,230$924,508
62$1,158,064$726,990$628,114$957,435
63$1,240,500$726,926$613,469$992,767
64$1,330,220$725,735$597,210$1,030,757
65$1,427,932$723,325$579,246$1,071,687
66$1,534,415$719,602$559,484$1,115,871
67$1,650,525$714,462$537,827$1,163,653
68$1,777,206$707,798$514,171$1,215,420
69$1,915,495$699,495$488,410$1,271,595
70$2,066,536$689,430$460,433$1,332,653
71$2,231,587$677,476$430,121$1,399,114
72$2,412,032$663,496$397,353$1,471,558
73$2,609,396$647,344$362,001$1,550,626
74$2,825,359$628,868$323,932$1,637,028
75$3,061,768$607,905$283,007$1,731,550
76$3,320,661$584,285$239,080$1,835,060
77$3,604,278$557,824$191,999$1,948,523
78$3,915,088$528,332$141,605$2,073,001
79$4,255,812$495,605$87,733$2,209,672
80$4,629,442$459,427$30,210$2,359,840
81$5,039,279$419,572$0$2,524,943
82$5,488,954$375,800$0$2,714,892
83$5,982,469$327,857$0$2,932,269
84$6,524,233$275,474$0$3,171,008
85$7,119,101$218,368$0$3,433,312
86$7,772,421$156,240$0$3,721,615
87$8,490,086$88,774$0$4,038,604
88$9,278,587$15,635$0$4,387,241
89$10,145,073$0$0$4,770,796
90$11,097,423$0$0$5,215,246
91$12,144,316$0$0$5,709,961
92$13,295,313$0$0$6,253,963
93$14,560,949$0$0$6,852,243
94$15,952,829$0$0$7,510,299
95$17,483,741$0$0$8,234,190
96$19,167,773$0$0$9,030,590
97$21,020,448$0$0$9,906,853
98$23,058,869$0$0$10,871,081
99$25,301,880$0$0$11,932,203
100$27,770,246$0$0$13,100,057