Can I retire at age 55 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$56,154$55,654$55,166$54,689$54,224$53,043
2 years$27,799$27,281$26,779$26,293$25,821$24,637
3 years$18,349$17,829$17,328$16,846$16,382$15,232
4 years$13,624$13,106$12,610$12,137$11,684$10,576
5 years$10,790$10,275$9,786$9,322$8,882$7,820
6 years$8,902$8,390$7,909$7,455$7,028$6,014
7 years$7,553$7,046$6,572$6,129$5,716$4,749
8 years$6,542$6,040$5,574$5,142$4,742$3,822
9 years$5,757$5,259$4,801$4,379$3,993$3,120
10 years$5,128$4,635$4,185$3,775$3,402$2,574
11 years$4,615$4,127$3,685$3,286$2,926$2,143
12 years$4,187$3,704$3,270$2,882$2,536$1,795
13 years$3,825$3,347$2,922$2,544$2,211$1,513
14 years$3,515$3,043$2,625$2,258$1,938$1,280
15 years$3,247$2,779$2,370$2,014$1,707$1,088
16 years$3,013$2,550$2,149$1,803$1,508$927
17 years$2,806$2,348$1,955$1,620$1,337$792
18 years$2,622$2,170$1,785$1,460$1,189$678
19 years$2,459$2,011$1,634$1,320$1,060$582
20 years$2,311$1,869$1,500$1,195$947$500
21 years$2,178$1,741$1,379$1,085$847$430
22 years$2,057$1,625$1,271$986$759$370
23 years$1,947$1,520$1,174$898$682$319
24 years$1,846$1,424$1,086$819$613$275
25 years$1,753$1,336$1,005$748$551$238
26 years$1,668$1,256$933$684$497$205
27 years$1,589$1,182$866$626$448$178
28 years$1,516$1,114$805$574$404$154
29 years$1,448$1,051$749$526$365$133
30 years$1,384$992$698$483$330$115
31 years$1,325$938$651$443$298$100
32 years$1,270$888$607$407$270$86
33 years$1,218$841$567$375$244$75
34 years$1,169$797$530$345$221$65
35 years$1,123$756$495$317$200$56
36 years$1,080$717$463$292$181$49
37 years$1,039$681$433$269$164$42
38 years$1,001$647$406$248$149$36
39 years$964$616$380$229$135$32
40 years$930$586$356$211$123$27
41 years$897$558$334$195$111$24
42 years$866$531$314$180$101$21
43 years$836$506$294$166$92$18
44 years$808$482$276$153$83$15
45 years$781$460$259$141$75$13
46 years$755$439$244$131$68$12
47 years$731$419$229$121$62$10
48 years$708$400$215$112$56$9
49 years$685$382$202$103$51$8
50 years$664$365$190$95$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $680,000, adding $3,389 every year, while hoping to spend $23,861 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: 39/44/17 Blend
54$680,000$680,000$680,000$680,000
55$752,856$716,816$706,276$778,271
56$804,259$726,552$704,548$806,489
57$860,106$735,965$701,963$834,435
58$920,824$745,015$698,466$864,149
59$986,885$753,657$694,001$895,802
60$1,058,806$761,845$688,509$929,585
61$1,137,158$769,529$681,928$965,710
62$1,222,567$776,656$674,192$1,004,410
63$1,315,726$783,168$665,234$1,045,944
64$1,417,392$789,006$654,982$1,090,599
65$1,528,404$794,105$643,361$1,138,690
66$1,649,682$798,397$630,295$1,190,569
67$1,782,240$801,809$615,700$1,246,623
68$1,927,193$804,263$599,491$1,307,281
69$2,085,772$805,676$581,579$1,373,019
70$2,259,329$805,963$561,870$1,444,359
71$2,449,354$805,028$540,266$1,521,884
72$2,657,488$802,775$516,665$1,606,235
73$2,885,538$799,097$490,960$1,698,121
74$3,135,495$793,885$463,038$1,798,326
75$3,409,550$787,019$432,784$1,907,719
76$3,710,116$778,376$400,075$2,027,256
77$4,039,853$767,821$364,783$2,157,999
78$4,401,690$755,216$326,775$2,301,116
79$4,798,851$740,411$285,911$2,457,901
80$5,234,892$723,248$242,046$2,629,783
81$5,713,724$703,561$195,029$2,818,341
82$6,239,662$681,173$144,699$3,025,319
83$6,817,453$655,897$90,893$3,252,642
84$7,452,332$627,535$33,436$3,502,438
85$8,150,063$595,876$0$3,777,057
86$8,916,996$560,701$0$4,084,149
87$9,760,129$521,775$0$4,428,324
88$10,687,170$478,850$0$4,806,707
89$11,706,611$431,663$0$5,222,829
90$12,827,810$379,939$0$5,680,582
91$14,061,075$323,385$0$6,184,263
92$15,417,766$261,692$0$6,738,609
93$16,910,397$194,534$0$7,348,849
94$18,552,757$121,565$0$8,020,749
95$20,360,038$42,423$0$8,760,671
96$22,348,982$0$0$9,575,632
97$24,538,033$0$0$10,494,325
98$26,947,515$0$0$11,528,246
99$29,599,822$0$0$12,666,477
100$32,519,630$0$0$13,919,621