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%17.7%
1 years$55,741$55,244$54,760$54,287$53,825$52,144
2 years$27,594$27,081$26,582$26,100$25,631$23,952
3 years$18,214$17,697$17,201$16,722$16,261$14,638
4 years$13,524$13,009$12,518$12,047$11,598$10,042
5 years$10,711$10,200$9,714$9,254$8,816$7,332
6 years$8,836$8,329$7,851$7,400$6,976$5,565
7 years$7,498$6,994$6,524$6,084$5,673$4,335
8 years$6,494$5,996$5,533$5,104$4,707$3,440
9 years$5,714$5,220$4,765$4,347$3,964$2,767
10 years$5,091$4,601$4,155$3,747$3,377$2,250
11 years$4,581$4,096$3,658$3,261$2,905$1,844
12 years$4,156$3,677$3,246$2,861$2,517$1,521
13 years$3,797$3,323$2,900$2,526$2,195$1,261
14 years$3,489$3,020$2,606$2,242$1,924$1,050
15 years$3,223$2,759$2,353$1,999$1,694$877
16 years$2,991$2,531$2,133$1,790$1,497$735
17 years$2,785$2,331$1,941$1,608$1,328$617
18 years$2,603$2,154$1,772$1,450$1,180$519
19 years$2,440$1,996$1,622$1,310$1,052$437
20 years$2,294$1,855$1,489$1,186$940$369
21 years$2,162$1,728$1,369$1,077$841$311
22 years$2,042$1,613$1,262$979$754$263
23 years$1,932$1,509$1,165$892$677$223
24 years$1,832$1,414$1,078$813$608$189
25 years$1,740$1,327$998$743$547$160
26 years$1,655$1,247$926$679$493$135
27 years$1,577$1,173$860$621$444$115
28 years$1,504$1,106$799$569$401$97
29 years$1,437$1,043$744$522$362$83
30 years$1,374$985$693$479$327$70
31 years$1,315$931$646$440$296$59
32 years$1,260$881$602$404$268$50
33 years$1,209$834$563$372$242$43
34 years$1,160$791$526$342$219$36
35 years$1,115$750$491$315$199$31
36 years$1,072$712$460$290$180$26
37 years$1,032$676$430$267$163$22
38 years$993$643$403$246$148$19
39 years$957$611$378$227$134$16
40 years$923$581$354$210$122$14
41 years$890$553$332$193$110$12
42 years$859$527$311$178$100$10
43 years$830$502$292$165$91$8
44 years$802$479$274$152$82$7
45 years$775$456$257$140$75$6
46 years$750$435$242$130$68$5
47 years$726$416$227$120$62$4
48 years$702$397$213$111$56$4
49 years$680$379$201$102$51$3
50 years$659$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $675,000, adding $3,011 every year, while hoping to spend $49,439 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: 51/39/10 Blend
54$675,000$675,000$675,000$675,000
55$746,956$711,181$700,718$782,943
56$770,543$693,426$671,590$790,075
57$794,878$673,144$639,828$792,295
58$819,987$650,159$605,294$793,561
59$845,894$624,285$567,839$793,797
60$872,624$595,325$527,311$792,919
61$900,206$563,069$483,550$790,841
62$928,666$527,299$436,388$787,472
63$958,032$487,779$385,649$782,713
64$988,336$444,264$331,153$776,463
65$1,019,607$396,494$272,707$768,613
66$1,051,877$344,192$210,113$759,046
67$1,085,179$287,068$143,162$747,641
68$1,119,547$224,814$71,638$734,270
69$1,155,016$157,106$0$718,795
70$1,191,624$83,600$0$701,574
71$1,229,408$3,935$0$690,143
72$1,268,407$0$0$676,717
73$1,308,662$0$0$696,461
74$1,350,217$0$0$718,586
75$1,393,114$0$0$741,426
76$1,437,399$0$0$765,007
77$1,483,120$0$0$789,354
78$1,530,327$0$0$814,493
79$1,579,071$0$0$840,453
80$1,629,405$0$0$867,260
81$1,681,385$0$0$894,947
82$1,735,070$0$0$923,542
83$1,790,519$0$0$953,080
84$1,847,795$0$0$983,594
85$1,906,965$0$0$1,015,119
86$1,968,097$0$0$1,047,693
87$2,031,263$0$0$1,081,353
88$2,096,539$0$0$1,116,141
89$2,164,002$0$0$1,152,099
90$2,233,735$0$0$1,189,271
91$2,305,825$0$0$1,227,704
92$2,380,362$0$0$1,267,446
93$2,457,441$0$0$1,308,550
94$2,537,162$0$0$1,351,068
95$2,619,630$0$0$1,395,058
96$2,704,955$0$0$1,440,580
97$2,793,254$0$0$1,487,697
98$2,884,651$0$0$1,536,475
99$2,979,274$0$0$1,586,986
100$3,077,261$0$0$1,639,302