Can I retire at age 55 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$55,245$54,753$54,273$53,805$53,347$52,944
2 years$27,349$26,840$26,346$25,868$25,403$24,997
3 years$18,052$17,540$17,048$16,574$16,117$15,720
4 years$13,404$12,894$12,406$11,940$11,495$11,110
5 years$10,616$10,109$9,628$9,171$8,738$8,367
6 years$8,758$8,255$7,781$7,334$6,914$6,557
7 years$7,431$6,932$6,466$6,030$5,623$5,280
8 years$6,437$5,942$5,484$5,058$4,665$4,336
9 years$5,664$5,174$4,723$4,309$3,929$3,614
10 years$5,045$4,560$4,118$3,714$3,347$3,046
11 years$4,540$4,060$3,625$3,232$2,879$2,591
12 years$4,119$3,644$3,217$2,835$2,495$2,221
13 years$3,763$3,293$2,874$2,503$2,175$1,914
14 years$3,458$2,993$2,583$2,222$1,907$1,659
15 years$3,195$2,734$2,332$1,982$1,679$1,443
16 years$2,964$2,509$2,114$1,774$1,484$1,260
17 years$2,761$2,311$1,924$1,594$1,316$1,104
18 years$2,580$2,135$1,756$1,437$1,170$969
19 years$2,419$1,979$1,608$1,298$1,043$853
20 years$2,274$1,839$1,475$1,176$931$752
21 years$2,143$1,713$1,357$1,067$834$664
22 years$2,024$1,599$1,251$970$747$588
23 years$1,915$1,495$1,155$884$671$520
24 years$1,816$1,401$1,068$806$603$461
25 years$1,725$1,315$989$736$542$409
26 years$1,641$1,236$917$673$489$364
27 years$1,563$1,163$852$616$441$323
28 years$1,491$1,096$792$564$397$288
29 years$1,424$1,034$737$518$359$256
30 years$1,362$976$686$475$324$228
31 years$1,304$923$640$436$293$203
32 years$1,249$873$597$401$265$181
33 years$1,198$827$558$369$240$162
34 years$1,150$784$521$339$217$144
35 years$1,105$743$487$312$197$129
36 years$1,063$706$456$288$178$115
37 years$1,022$670$426$265$162$102
38 years$985$637$399$244$147$91
39 years$949$606$374$225$133$82
40 years$915$576$351$208$121$73
41 years$882$548$329$192$109$65
42 years$852$522$308$177$99$58
43 years$823$498$289$163$90$52
44 years$795$474$272$151$82$47
45 years$768$452$255$139$74$42
46 years$743$432$240$129$67$37
47 years$719$412$225$119$61$33
48 years$696$393$212$110$56$30
49 years$674$375$199$101$50$27
50 years$653$359$187$94$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $669,000, adding $5,122 every year, while hoping to spend $49,739 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: 45/38/17 Blend
54$669,000$669,000$669,000$669,000
55$742,521$707,064$696,695$772,101
56$765,337$688,789$667,112$775,020
57$788,812$667,950$634,872$772,807
58$812,962$644,371$599,831$769,348
59$837,802$617,863$561,843$764,550
60$863,346$588,227$520,753$758,313
61$889,609$555,251$476,399$750,531
62$916,603$518,712$428,613$741,094
63$944,343$478,376$377,218$729,882
64$972,841$433,991$322,030$716,771
65$1,002,109$385,295$262,856$701,627
66$1,032,159$332,010$199,497$684,311
67$1,063,001$273,840$131,742$664,673
68$1,094,644$210,475$59,372$642,556
69$1,127,095$141,586$0$617,792
70$1,160,362$66,827$0$593,445
71$1,194,449$0$0$577,791
72$1,229,358$0$0$565,820
73$1,265,090$0$0$582,159
74$1,301,642$0$0$598,861
75$1,339,009$0$0$615,923
76$1,377,182$0$0$633,338
77$1,416,149$0$0$651,100
78$1,455,894$0$0$669,197
79$1,496,394$0$0$687,618
80$1,537,623$0$0$706,349
81$1,579,548$0$0$725,371
82$1,622,130$0$0$744,662
83$1,665,322$0$0$764,199
84$1,709,067$0$0$783,951
85$1,753,303$0$0$803,884
86$1,797,952$0$0$823,960
87$1,842,928$0$0$844,133
88$1,888,132$0$0$864,352
89$1,933,450$0$0$884,558
90$1,978,751$0$0$904,684
91$2,023,887$0$0$924,655
92$2,068,691$0$0$944,385
93$2,112,974$0$0$963,778
94$2,156,522$0$0$982,727
95$2,199,095$0$0$1,001,107
96$2,240,422$0$0$1,018,785
97$2,280,201$0$0$1,035,605
98$2,318,091$0$0$1,051,398
99$2,353,714$0$0$1,065,972
100$2,386,644$0$0$1,079,113