Can I retire at age 55 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,229
2 years$27,840$27,321$26,819$26,332$25,859$24,781
3 years$18,375$17,855$17,354$16,871$16,406$15,358
4 years$13,644$13,125$12,629$12,155$11,701$10,691
5 years$10,806$10,290$9,801$9,336$8,895$7,926
6 years$8,915$8,403$7,920$7,466$7,038$6,112
7 years$7,564$7,057$6,582$6,138$5,724$4,840
8 years$6,552$6,049$5,582$5,149$4,749$3,906
9 years$5,765$5,267$4,808$4,386$3,999$3,198
10 years$5,136$4,642$4,191$3,781$3,407$2,647
11 years$4,621$4,133$3,690$3,290$2,930$2,210
12 years$4,193$3,709$3,275$2,886$2,539$1,858
13 years$3,831$3,352$2,926$2,548$2,214$1,571
14 years$3,521$3,047$2,629$2,262$1,941$1,334
15 years$3,252$2,783$2,374$2,017$1,709$1,137
16 years$3,017$2,554$2,152$1,806$1,511$973
17 years$2,810$2,352$1,958$1,623$1,339$834
18 years$2,626$2,173$1,788$1,462$1,191$717
19 years$2,462$2,014$1,636$1,321$1,061$617
20 years$2,315$1,872$1,502$1,197$948$532
21 years$2,181$1,743$1,381$1,086$848$459
22 years$2,060$1,627$1,273$988$761$397
23 years$1,950$1,522$1,176$899$683$344
24 years$1,849$1,426$1,087$820$614$298
25 years$1,756$1,338$1,007$749$552$258
26 years$1,670$1,258$934$685$497$224
27 years$1,591$1,184$867$627$448$194
28 years$1,518$1,115$806$574$405$169
29 years$1,450$1,052$750$527$365$147
30 years$1,386$994$699$483$330$127
31 years$1,327$939$651$444$298$111
32 years$1,272$889$608$408$270$96
33 years$1,220$842$568$375$244$84
34 years$1,171$798$530$345$221$73
35 years$1,125$757$496$318$200$63
36 years$1,082$718$464$293$182$55
37 years$1,041$682$434$270$165$48
38 years$1,002$648$407$249$149$42
39 years$966$616$381$229$135$36
40 years$931$587$357$211$123$32
41 years$898$558$335$195$111$28
42 years$867$532$314$180$101$24
43 years$837$507$295$166$92$21
44 years$809$483$277$153$83$18
45 years$782$461$260$142$76$16
46 years$757$439$244$131$69$14
47 years$732$419$229$121$62$12
48 years$709$400$215$112$57$10
49 years$686$382$202$103$51$9
50 years$665$365$190$95$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $681,000, adding $2,596 every year, while hoping to spend $37,630 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: 64/27/9 Blend
54$681,000$681,000$681,000$681,000
55$753,140$717,047$706,491$799,760
56$789,922$712,144$690,121$826,272
57$829,195$705,740$671,941$850,569
58$871,173$697,721$651,850$876,141
59$916,090$687,967$629,745$903,111
60$964,205$676,351$605,516$931,615
61$1,015,800$662,739$579,046$961,802
62$1,071,185$646,986$550,218$993,841
63$1,130,700$628,942$518,904$1,027,917
64$1,194,718$608,448$484,974$1,064,235
65$1,263,650$585,332$448,292$1,103,024
66$1,337,946$559,417$408,713$1,144,538
67$1,418,100$530,512$366,089$1,189,058
68$1,504,656$498,417$320,262$1,236,896
69$1,598,211$462,919$271,071$1,288,398
70$1,699,421$423,795$218,344$1,343,947
71$1,809,007$380,806$161,904$1,403,969
72$1,927,763$333,703$101,565$1,468,936
73$2,056,561$282,220$37,133$1,539,368
74$2,196,359$226,078$0$1,615,846
75$2,348,212$164,980$0$1,702,045
76$2,513,281$98,616$0$1,799,642
77$2,692,842$26,654$0$1,905,874
78$2,888,299$0$0$2,021,633
79$3,101,197$0$0$2,163,131
80$3,333,237$0$0$2,326,026
81$3,586,291$0$0$2,503,717
82$3,862,417$0$0$2,697,656
83$4,163,884$0$0$2,909,442
84$4,493,186$0$0$3,140,834
85$4,853,072$0$0$3,393,768
86$5,246,565$0$0$3,670,378
87$5,676,998$0$0$3,973,011
88$6,148,035$0$0$4,304,252
89$6,663,716$0$0$4,666,949
90$7,228,487$0$0$5,064,236
91$7,847,244$0$0$5,499,566
92$8,525,381$0$0$5,976,741
93$9,268,835$0$0$6,499,950
94$10,084,148$0$0$7,073,803
95$10,978,525$0$0$7,703,381
96$11,959,901$0$0$8,394,280
97$13,037,016$0$0$9,152,663
98$14,219,500$0$0$9,985,319
99$15,517,956$0$0$10,899,727
100$16,944,070$0$0$11,904,126