Can I retire at age 55 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$55,906$55,408$54,922$54,448$53,985$52,637
2 years$27,676$27,161$26,661$26,177$25,707$24,358
3 years$18,268$17,750$17,252$16,772$16,310$15,001
4 years$13,564$13,048$12,555$12,083$11,632$10,374
5 years$10,743$10,230$9,743$9,281$8,843$7,639
6 years$8,863$8,353$7,874$7,422$6,997$5,848
7 years$7,520$7,015$6,543$6,102$5,690$4,597
8 years$6,514$6,013$5,549$5,119$4,721$3,683
9 years$5,731$5,236$4,779$4,360$3,975$2,992
10 years$5,106$4,615$4,167$3,759$3,387$2,457
11 years$4,594$4,108$3,668$3,271$2,913$2,034
12 years$4,168$3,688$3,256$2,869$2,525$1,696
13 years$3,808$3,332$2,909$2,533$2,201$1,421
14 years$3,500$3,029$2,613$2,249$1,930$1,196
15 years$3,233$2,767$2,360$2,005$1,699$1,011
16 years$2,999$2,539$2,139$1,796$1,502$856
17 years$2,794$2,338$1,947$1,613$1,331$727
18 years$2,611$2,161$1,777$1,454$1,184$619
19 years$2,448$2,002$1,627$1,314$1,055$528
20 years$2,301$1,861$1,493$1,190$943$451
21 years$2,168$1,733$1,373$1,080$843$385
22 years$2,048$1,618$1,266$982$756$330
23 years$1,938$1,513$1,169$894$679$283
24 years$1,838$1,418$1,081$816$610$242
25 years$1,745$1,330$1,001$745$549$208
26 years$1,660$1,250$928$681$494$178
27 years$1,582$1,177$862$623$446$153
28 years$1,509$1,109$801$571$402$132
29 years$1,441$1,046$746$524$363$113
30 years$1,378$988$695$481$328$97
31 years$1,319$934$648$441$297$84
32 years$1,264$884$604$406$268$72
33 years$1,212$837$564$373$243$62
34 years$1,164$793$527$343$220$53
35 years$1,118$752$493$316$199$46
36 years$1,075$714$461$291$180$39
37 years$1,035$678$432$268$164$34
38 years$996$645$404$247$148$29
39 years$960$613$379$228$134$25
40 years$926$583$355$210$122$22
41 years$893$555$333$194$111$19
42 years$862$529$312$179$100$16
43 years$832$504$293$165$91$14
44 years$804$480$275$153$83$12
45 years$778$458$258$141$75$10
46 years$752$437$242$130$68$9
47 years$728$417$228$120$62$8
48 years$705$398$214$111$56$7
49 years$682$380$201$103$51$6
50 years$661$363$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $677,000, adding $5,147 every year, while hoping to spend $24,879 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: 56/37/7 Blend
54$677,000$677,000$677,000$677,000
55$751,363$715,482$704,989$791,972
56$801,531$724,070$702,135$828,524
57$855,982$732,244$698,351$865,091
58$915,128$739,959$693,581$904,306
59$979,418$747,165$687,764$946,426
60$1,049,352$753,809$680,837$991,732
61$1,125,474$759,834$672,733$1,040,535
62$1,208,388$765,181$663,385$1,093,176
63$1,298,754$769,785$652,719$1,150,037
64$1,397,301$773,579$640,659$1,211,533
65$1,504,832$776,491$627,127$1,278,126
66$1,622,228$778,442$612,040$1,350,325
67$1,750,462$779,353$595,310$1,428,692
68$1,890,603$779,135$576,846$1,513,847
69$2,043,829$777,696$556,555$1,606,473
70$2,211,435$774,939$534,335$1,707,325
71$2,394,850$770,760$510,084$1,817,238
72$2,595,646$765,048$483,693$1,937,130
73$2,815,553$757,687$455,048$2,068,016
74$3,056,478$748,553$424,031$2,211,016
75$3,320,521$737,513$390,518$2,367,366
76$3,609,992$724,430$354,378$2,538,428
77$3,927,439$709,155$315,478$2,725,708
78$4,275,667$691,532$273,675$2,930,866
79$4,657,764$671,396$228,822$3,155,734
80$5,077,133$648,571$180,765$3,402,331
81$5,537,522$622,873$129,342$3,672,889
82$6,043,061$594,105$74,387$3,969,866
83$6,598,297$562,060$15,722$4,295,976
84$7,208,240$526,519$0$4,654,214
85$7,878,411$487,248$0$5,051,382
86$8,614,890$444,004$0$5,489,104
87$9,424,375$396,526$0$5,970,237
88$10,314,246$344,542$0$6,499,230
89$11,292,635$287,760$0$7,080,986
90$12,368,500$225,876$0$7,720,917
91$13,551,709$158,566$0$8,424,986
92$14,853,136$85,488$0$9,199,772
93$16,284,762$6,284$0$10,052,529
94$17,859,787$0$0$10,991,255
95$19,592,755$0$0$12,057,108
96$21,499,691$0$0$13,232,846
97$23,598,251$0$0$14,526,806
98$25,907,891$0$0$15,950,992
99$28,450,046$0$0$17,518,632
100$31,248,337$0$0$19,244,302