Can I retire at age 55 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$55,823$55,326$54,841$54,368$53,905$53,633
2 years$27,635$27,121$26,622$26,138$25,669$25,394
3 years$18,241$17,724$17,226$16,747$16,286$16,017
4 years$13,544$13,029$12,536$12,065$11,615$11,354
5 years$10,727$10,215$9,729$9,267$8,830$8,578
6 years$8,849$8,341$7,862$7,411$6,987$6,744
7 years$7,509$7,005$6,533$6,093$5,682$5,448
8 years$6,504$6,004$5,541$5,111$4,714$4,490
9 years$5,723$5,228$4,772$4,354$3,970$3,755
10 years$5,098$4,608$4,161$3,753$3,382$3,177
11 years$4,587$4,102$3,663$3,266$2,909$2,712
12 years$4,162$3,682$3,251$2,865$2,521$2,333
13 years$3,803$3,328$2,904$2,529$2,198$2,019
14 years$3,495$3,025$2,610$2,245$1,927$1,756
15 years$3,228$2,763$2,356$2,002$1,697$1,534
16 years$2,995$2,535$2,136$1,793$1,499$1,345
17 years$2,789$2,335$1,944$1,611$1,330$1,183
18 years$2,607$2,157$1,774$1,452$1,182$1,043
19 years$2,444$1,999$1,624$1,312$1,054$922
20 years$2,298$1,858$1,491$1,188$941$816
21 years$2,165$1,731$1,371$1,078$842$724
22 years$2,045$1,615$1,264$980$755$643
23 years$1,935$1,511$1,167$893$678$572
24 years$1,835$1,416$1,079$814$609$510
25 years$1,743$1,328$1,000$744$548$455
26 years$1,658$1,249$927$680$494$406
27 years$1,579$1,175$861$622$445$362
28 years$1,507$1,107$800$570$402$324
29 years$1,439$1,045$745$523$363$290
30 years$1,376$986$694$480$328$259
31 years$1,317$933$647$441$296$232
32 years$1,262$882$603$405$268$208
33 years$1,211$836$563$373$243$186
34 years$1,162$792$526$343$220$167
35 years$1,117$751$492$316$199$150
36 years$1,074$713$460$291$180$134
37 years$1,033$677$431$268$163$121
38 years$995$644$404$247$148$108
39 years$959$612$378$228$134$97
40 years$924$582$354$210$122$87
41 years$892$554$332$194$110$78
42 years$861$528$312$179$100$70
43 years$831$503$292$165$91$63
44 years$803$479$275$152$83$57
45 years$776$457$258$141$75$51
46 years$751$436$242$130$68$46
47 years$727$416$227$120$62$41
48 years$703$397$214$111$56$37
49 years$681$379$201$103$51$33
50 years$660$362$189$95$46$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $676,000, adding $4,819 every year, while hoping to spend $41,979 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: 60/27/13 Blend
54$676,000$676,000$676,000$676,000
55$749,923$714,095$703,617$792,245
56$781,750$704,420$682,523$811,625
57$815,416$692,864$659,315$827,605
58$851,065$679,291$633,878$844,028
59$888,853$663,556$606,093$860,942
60$928,951$645,505$575,832$878,399
61$971,546$624,978$542,965$896,458
62$1,016,844$601,801$507,354$915,189
63$1,065,067$575,794$468,855$934,669
64$1,116,460$546,765$427,318$954,986
65$1,171,293$514,510$382,587$976,238
66$1,229,858$478,815$334,497$998,537
67$1,292,479$439,452$282,878$1,022,008
68$1,359,507$396,181$227,551$1,046,795
69$1,431,332$348,748$168,328$1,073,055
70$1,508,377$296,886$105,016$1,100,968
71$1,591,109$240,311$37,412$1,130,734
72$1,680,038$178,723$0$1,162,579
73$1,775,728$111,806$0$1,201,573
74$1,878,795$39,227$0$1,249,032
75$1,989,915$0$0$1,300,107
76$2,109,833$0$0$1,366,884
77$2,239,367$0$0$1,451,645
78$2,379,415$0$0$1,543,330
79$2,530,964$0$0$1,642,591
80$2,695,100$0$0$1,750,145
81$2,873,016$0$0$1,866,780
82$3,066,024$0$0$1,993,362
83$3,275,568$0$0$2,130,845
84$3,503,235$0$0$2,280,277
85$3,750,771$0$0$2,442,812
86$4,020,097$0$0$2,619,718
87$4,313,327$0$0$2,812,393
88$4,632,787$0$0$3,022,373
89$4,981,036$0$0$3,251,349
90$5,360,890$0$0$3,501,183
91$5,775,452$0$0$3,773,923
92$6,228,133$0$0$4,071,824
93$6,722,690$0$0$4,397,369
94$7,263,259$0$0$4,753,292
95$7,854,395$0$0$5,142,602
96$8,501,111$0$0$5,568,612
97$9,208,926$0$0$6,034,972
98$9,983,921$0$0$6,545,699
99$10,832,790$0$0$7,105,217
100$11,762,904$0$0$7,718,400