Can I retire at age 55 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$56,071$55,572$55,084$54,609$54,144$53,204
2 years$27,758$27,241$26,740$26,254$25,783$24,838
3 years$18,322$17,802$17,303$16,821$16,358$15,439
4 years$13,604$13,087$12,592$12,119$11,667$10,780
5 years$10,775$10,260$9,772$9,308$8,869$8,017
6 years$8,889$8,378$7,897$7,444$7,018$6,202
7 years$7,542$7,036$6,562$6,120$5,707$4,928
8 years$6,533$6,031$5,566$5,134$4,735$3,991
9 years$5,748$5,251$4,794$4,373$3,987$3,280
10 years$5,121$4,629$4,179$3,770$3,397$2,725
11 years$4,608$4,121$3,679$3,281$2,922$2,283
12 years$4,181$3,698$3,265$2,878$2,532$1,927
13 years$3,819$3,342$2,917$2,541$2,208$1,636
14 years$3,510$3,038$2,621$2,255$1,935$1,395
15 years$3,242$2,775$2,367$2,011$1,704$1,194
16 years$3,008$2,546$2,146$1,801$1,506$1,025
17 years$2,802$2,345$1,952$1,618$1,335$883
18 years$2,619$2,167$1,782$1,458$1,187$762
19 years$2,455$2,008$1,632$1,318$1,058$659
20 years$2,308$1,866$1,497$1,193$945$571
21 years$2,175$1,738$1,377$1,083$846$495
22 years$2,054$1,623$1,269$985$758$430
23 years$1,944$1,518$1,172$897$681$374
24 years$1,843$1,422$1,084$818$612$326
25 years$1,751$1,334$1,004$747$551$284
26 years$1,665$1,254$931$683$496$247
27 years$1,586$1,180$865$625$447$216
28 years$1,513$1,112$804$573$403$188
29 years$1,445$1,049$748$525$364$164
30 years$1,382$991$697$482$329$143
31 years$1,323$937$650$443$298$125
32 years$1,268$886$606$407$269$109
33 years$1,216$839$566$374$244$96
34 years$1,167$795$529$344$221$84
35 years$1,122$755$494$317$200$73
36 years$1,078$716$462$292$181$64
37 years$1,038$680$433$269$164$56
38 years$999$646$405$248$149$49
39 years$963$615$380$229$135$43
40 years$928$585$356$211$122$37
41 years$896$557$334$194$111$33
42 years$864$530$313$179$101$29
43 years$835$505$294$166$91$25
44 years$807$482$276$153$83$22
45 years$780$459$259$141$75$19
46 years$754$438$243$131$68$17
47 years$730$418$228$121$62$15
48 years$707$399$215$111$56$13
49 years$684$381$202$103$51$11
50 years$663$364$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $679,000, adding $5,395 every year, while hoping to spend $35,782 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: 70/11/19 Blend
54$679,000$679,000$679,000$679,000
55$753,823$717,836$707,311$802,759
56$792,641$714,938$692,935$833,174
57$834,219$710,699$676,877$861,705
58$878,802$705,015$659,044$892,041
59$926,656$697,777$639,338$924,357
60$978,074$688,868$617,656$958,845
61$1,033,380$678,164$593,889$995,718
62$1,092,926$665,536$567,926$1,035,214
63$1,157,102$650,844$539,649$1,077,591
64$1,226,333$633,943$508,934$1,123,138
65$1,301,089$614,676$475,653$1,172,175
66$1,381,885$592,880$439,673$1,225,052
67$1,469,287$568,380$400,851$1,282,159
68$1,563,916$540,994$359,042$1,343,927
69$1,666,458$510,525$314,092$1,410,830
70$1,777,665$476,768$265,842$1,483,394
71$1,898,363$439,506$214,124$1,562,200
72$2,029,463$398,509$158,764$1,647,887
73$2,171,965$353,533$99,580$1,741,166
74$2,326,971$304,321$36,381$1,842,817
75$2,495,691$250,602$0$1,953,707
76$2,679,459$192,089$0$2,081,085
77$2,879,741$128,479$0$2,227,991
78$3,098,152$59,452$0$2,388,247
79$3,336,468$0$0$2,563,187
80$3,596,645$0$0$2,756,131
81$3,880,835$0$0$2,974,779
82$4,191,409$0$0$3,213,760
83$4,530,976$0$0$3,475,088
84$4,902,407$0$0$3,760,976
85$5,308,867$0$0$4,073,866
86$5,753,837$0$0$4,416,442
87$6,241,154$0$0$4,791,663
88$6,775,040$0$0$5,202,786
89$7,360,147$0$0$5,653,398
90$8,001,598$0$0$6,147,451
91$8,705,035$0$0$6,689,295
92$9,476,671$0$0$7,283,723
93$10,323,351$0$0$7,936,015
94$11,252,615$0$0$8,651,985
95$12,272,766$0$0$9,438,039
96$13,392,953$0$0$10,301,232
97$14,623,252$0$0$11,249,337
98$15,974,765$0$0$12,290,916
99$17,459,720$0$0$13,435,402
100$19,091,590$0$0$14,693,186