Can I retire at age 55 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$55,741$55,244$54,760$54,287$53,825$52,977
2 years$27,594$27,081$26,582$26,100$25,631$24,779
3 years$18,214$17,697$17,201$16,722$16,261$15,432
4 years$13,524$13,009$12,518$12,047$11,598$10,797
5 years$10,711$10,200$9,714$9,254$8,816$8,046
6 years$8,836$8,329$7,851$7,400$6,976$6,238
7 years$7,498$6,994$6,524$6,084$5,673$4,968
8 years$6,494$5,996$5,533$5,104$4,707$4,033
9 years$5,714$5,220$4,765$4,347$3,964$3,322
10 years$5,091$4,601$4,155$3,747$3,377$2,766
11 years$4,581$4,096$3,658$3,261$2,905$2,324
12 years$4,156$3,677$3,246$2,861$2,517$1,967
13 years$3,797$3,323$2,900$2,526$2,195$1,674
14 years$3,489$3,020$2,606$2,242$1,924$1,431
15 years$3,223$2,759$2,353$1,999$1,694$1,228
16 years$2,991$2,531$2,133$1,790$1,497$1,058
17 years$2,785$2,331$1,941$1,608$1,328$913
18 years$2,603$2,154$1,772$1,450$1,180$791
19 years$2,440$1,996$1,622$1,310$1,052$686
20 years$2,294$1,855$1,489$1,186$940$596
21 years$2,162$1,728$1,369$1,077$841$518
22 years$2,042$1,613$1,262$979$754$452
23 years$1,932$1,509$1,165$892$677$394
24 years$1,832$1,414$1,078$813$608$344
25 years$1,740$1,327$998$743$547$301
26 years$1,655$1,247$926$679$493$263
27 years$1,577$1,173$860$621$444$230
28 years$1,504$1,106$799$569$401$201
29 years$1,437$1,043$744$522$362$176
30 years$1,374$985$693$479$327$154
31 years$1,315$931$646$440$296$135
32 years$1,260$881$602$404$268$119
33 years$1,209$834$563$372$242$104
34 years$1,160$791$526$342$219$91
35 years$1,115$750$491$315$199$80
36 years$1,072$712$460$290$180$70
37 years$1,032$676$430$267$163$62
38 years$993$643$403$246$148$54
39 years$957$611$378$227$134$48
40 years$923$581$354$210$122$42
41 years$890$553$332$193$110$37
42 years$859$527$311$178$100$32
43 years$830$502$292$165$91$28
44 years$802$479$274$152$82$25
45 years$775$456$257$140$75$22
46 years$750$435$242$130$68$19
47 years$726$416$227$120$62$17
48 years$702$397$213$111$56$15
49 years$680$379$201$102$51$13
50 years$659$362$189$95$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $675,000, adding $5,191 every year, while hoping to spend $50,651 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: 77/12/11 Blend
54$675,000$675,000$675,000$675,000
55$749,205$713,430$702,967$804,982
56$771,731$694,495$672,624$823,483
57$794,858$672,936$639,567$836,785
58$818,592$648,569$603,652$849,928
59$842,942$621,201$564,727$862,879
60$867,911$590,630$522,635$875,597
61$893,506$556,638$477,211$888,042
62$919,729$518,999$428,283$900,167
63$946,582$477,471$375,671$911,924
64$974,065$431,798$319,188$923,260
65$1,002,175$381,712$258,636$934,116
66$1,030,909$326,928$193,812$944,429
67$1,060,258$267,144$124,501$954,132
68$1,090,214$202,043$50,481$963,151
69$1,120,761$131,289$0$971,405
70$1,151,884$54,527$0$982,156
71$1,183,561$0$0$998,502
72$1,215,766$0$0$1,018,219
73$1,248,467$0$0$1,045,545
74$1,281,628$0$0$1,073,247
75$1,315,204$0$0$1,101,289
76$1,349,145$0$0$1,129,625
77$1,383,391$0$0$1,158,206
78$1,417,874$0$0$1,186,974
79$1,452,516$0$0$1,215,860
80$1,487,227$0$0$1,244,789
81$1,521,904$0$0$1,273,673
82$1,556,433$0$0$1,302,414
83$1,590,682$0$0$1,330,899
84$1,624,502$0$0$1,359,003
85$1,657,726$0$0$1,386,582
86$1,690,166$0$0$1,413,477
87$1,721,611$0$0$1,439,507
88$1,751,822$0$0$1,464,470
89$1,780,536$0$0$1,488,141
90$1,807,454$0$0$1,510,267
91$1,832,245$0$0$1,530,565
92$1,854,538$0$0$1,548,720
93$1,873,920$0$0$1,564,382
94$1,889,932$0$0$1,577,158
95$1,902,059$0$0$1,586,613
96$1,909,734$0$0$1,592,263
97$1,912,322$0$0$1,593,570
98$1,909,119$0$0$1,589,935
99$1,899,344$0$0$1,580,695
100$1,882,131$0$0$1,565,113