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%13.4%
1 years$55,741$55,244$54,760$54,287$53,825$53,065
2 years$27,594$27,081$26,582$26,100$25,631$24,866
3 years$18,214$17,697$17,201$16,722$16,261$15,516
4 years$13,524$13,009$12,518$12,047$11,598$10,878
5 years$10,711$10,200$9,714$9,254$8,816$8,124
6 years$8,836$8,329$7,851$7,400$6,976$6,312
7 years$7,498$6,994$6,524$6,084$5,673$5,038
8 years$6,494$5,996$5,533$5,104$4,707$4,099
9 years$5,714$5,220$4,765$4,347$3,964$3,384
10 years$5,091$4,601$4,155$3,747$3,377$2,825
11 years$4,581$4,096$3,658$3,261$2,905$2,380
12 years$4,156$3,677$3,246$2,861$2,517$2,019
13 years$3,797$3,323$2,900$2,526$2,195$1,722
14 years$3,489$3,020$2,606$2,242$1,924$1,477
15 years$3,223$2,759$2,353$1,999$1,694$1,271
16 years$2,991$2,531$2,133$1,790$1,497$1,098
17 years$2,785$2,331$1,941$1,608$1,328$951
18 years$2,603$2,154$1,772$1,450$1,180$825
19 years$2,440$1,996$1,622$1,310$1,052$718
20 years$2,294$1,855$1,489$1,186$940$626
21 years$2,162$1,728$1,369$1,077$841$546
22 years$2,042$1,613$1,262$979$754$477
23 years$1,932$1,509$1,165$892$677$417
24 years$1,832$1,414$1,078$813$608$366
25 years$1,740$1,327$998$743$547$320
26 years$1,655$1,247$926$679$493$281
27 years$1,577$1,173$860$621$444$247
28 years$1,504$1,106$799$569$401$217
29 years$1,437$1,043$744$522$362$190
30 years$1,374$985$693$479$327$167
31 years$1,315$931$646$440$296$147
32 years$1,260$881$602$404$268$129
33 years$1,209$834$563$372$242$114
34 years$1,160$791$526$342$219$100
35 years$1,115$750$491$315$199$88
36 years$1,072$712$460$290$180$78
37 years$1,032$676$430$267$163$68
38 years$993$643$403$246$148$60
39 years$957$611$378$227$134$53
40 years$923$581$354$210$122$47
41 years$890$553$332$193$110$41
42 years$859$527$311$178$100$36
43 years$830$502$292$165$91$32
44 years$802$479$274$152$82$28
45 years$775$456$257$140$75$25
46 years$750$435$242$130$68$22
47 years$726$416$227$120$62$19
48 years$702$397$213$111$56$17
49 years$680$379$201$102$51$15
50 years$659$362$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $675,000, adding $4,332 every year, while hoping to spend $43,284 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: 76/16/8 Blend
54$675,000$675,000$675,000$675,000
55$748,318$712,543$702,081$803,980
56$778,593$701,404$679,547$830,050
57$810,505$688,269$654,807$852,655
58$844,176$672,993$627,742$876,185
59$879,737$655,425$598,227$900,715
60$917,334$635,404$566,131$926,329
61$957,123$612,760$531,318$953,119
62$999,276$587,312$493,644$981,187
63$1,043,982$558,870$452,961$1,010,645
64$1,091,446$527,232$409,112$1,041,620
65$1,141,891$492,185$361,935$1,074,250
66$1,195,564$453,502$311,260$1,108,689
67$1,252,734$410,945$256,909$1,145,107
68$1,313,694$364,263$198,697$1,183,694
69$1,378,768$313,189$136,431$1,224,659
70$1,448,308$257,441$69,907$1,268,234
71$1,522,701$196,722$0$1,314,677
72$1,602,373$130,717$0$1,364,364
73$1,687,788$59,096$0$1,423,893
74$1,779,458$0$0$1,487,659
75$1,877,943$0$0$1,559,326
76$1,983,858$0$0$1,647,607
77$2,097,880$0$0$1,742,664
78$2,220,749$0$0$1,845,117
79$2,353,280$0$0$1,955,648
80$2,496,369$0$0$2,075,007
81$2,651,000$0$0$2,204,017
82$2,818,252$0$0$2,343,583
83$2,999,316$0$0$2,494,699
84$3,195,496$0$0$2,658,460
85$3,408,229$0$0$2,836,066
86$3,639,096$0$0$3,028,842
87$3,889,832$0$0$3,238,241
88$4,162,349$0$0$3,465,863
89$4,458,749$0$0$3,713,469
90$4,781,346$0$0$3,982,993
91$5,132,682$0$0$4,276,568
92$5,515,560$0$0$4,596,538
93$5,933,060$0$0$4,945,483
94$6,388,575$0$0$5,326,243
95$6,885,839$0$0$5,741,946
96$7,428,961$0$0$6,196,031
97$8,022,465$0$0$6,692,288
98$8,671,333$0$0$7,234,887
99$9,381,049$0$0$7,828,421
100$10,157,651$0$0$8,477,946