Can I retire at age 55 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$56,402$55,899$55,409$54,931$54,463$53,761
2 years$27,922$27,402$26,898$26,409$25,935$25,228
3 years$18,429$17,907$17,404$16,920$16,454$15,765
4 years$13,684$13,164$12,666$12,190$11,735$11,069
5 years$10,838$10,320$9,829$9,363$8,921$8,280
6 years$8,941$8,427$7,944$7,488$7,059$6,443
7 years$7,587$7,077$6,601$6,156$5,741$5,151
8 years$6,571$6,067$5,598$5,164$4,762$4,199
9 years$5,782$5,282$4,822$4,399$4,011$3,473
10 years$5,151$4,656$4,204$3,792$3,417$2,905
11 years$4,635$4,145$3,701$3,300$2,939$2,451
12 years$4,205$3,720$3,284$2,895$2,547$2,083
13 years$3,842$3,362$2,934$2,555$2,221$1,781
14 years$3,531$3,056$2,637$2,268$1,947$1,530
15 years$3,261$2,792$2,381$2,023$1,714$1,319
16 years$3,026$2,561$2,158$1,811$1,515$1,142
17 years$2,818$2,359$1,964$1,628$1,343$991
18 years$2,634$2,180$1,793$1,467$1,194$862
19 years$2,469$2,020$1,641$1,325$1,065$752
20 years$2,321$1,877$1,506$1,200$951$656
21 years$2,188$1,749$1,385$1,089$851$574
22 years$2,066$1,632$1,277$991$763$503
23 years$1,955$1,527$1,179$902$685$441
24 years$1,854$1,430$1,090$823$615$387
25 years$1,761$1,342$1,010$751$554$340
26 years$1,675$1,261$937$687$499$299
27 years$1,596$1,187$870$629$450$263
28 years$1,522$1,119$809$576$406$232
29 years$1,454$1,055$752$528$366$204
30 years$1,390$997$701$485$331$180
31 years$1,331$942$653$445$299$159
32 years$1,275$892$610$409$271$140
33 years$1,223$844$569$376$245$123
34 years$1,174$800$532$346$222$109
35 years$1,128$759$497$319$201$96
36 years$1,085$720$465$294$182$85
37 years$1,044$684$435$271$165$75
38 years$1,005$650$408$249$150$66
39 years$968$618$382$230$136$58
40 years$934$588$358$212$123$52
41 years$901$560$336$196$112$46
42 years$870$533$315$181$101$40
43 years$840$508$296$167$92$36
44 years$812$484$277$154$83$31
45 years$785$462$260$142$76$28
46 years$759$441$245$131$69$25
47 years$734$420$230$121$62$22
48 years$711$401$216$112$57$19
49 years$688$383$203$104$52$17
50 years$667$366$191$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $683,000, adding $6,276 every year, while hoping to spend $26,364 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: 48/44/8 Blend
54$683,000$683,000$683,000$683,000
55$759,140$722,941$712,354$793,659
56$808,521$730,314$708,167$825,363
57$862,055$737,164$702,956$856,477
58$920,139$743,439$696,659$889,643
59$983,207$749,082$689,211$925,061
60$1,051,738$754,030$680,543$962,949
61$1,126,258$758,222$670,585$1,003,552
62$1,207,349$761,586$659,261$1,047,138
63$1,295,646$764,051$646,494$1,094,004
64$1,391,851$765,539$632,201$1,144,478
65$1,496,737$765,968$616,297$1,198,924
66$1,611,153$765,250$598,692$1,257,744
67$1,736,035$763,291$579,292$1,321,382
68$1,872,412$759,994$558,000$1,390,328
69$2,021,417$755,253$534,712$1,465,126
70$2,184,299$748,957$509,322$1,546,376
71$2,362,430$740,989$481,717$1,634,740
72$2,557,324$731,223$451,780$1,730,951
73$2,770,645$719,527$419,390$1,835,820
74$3,004,229$705,761$384,417$1,950,240
75$3,260,093$689,777$346,728$2,075,201
76$3,540,463$671,416$306,184$2,211,796
77$3,847,788$650,513$262,638$2,361,230
78$4,184,765$626,891$215,939$2,524,837
79$4,554,365$600,363$165,927$2,704,090
80$4,959,862$570,732$112,437$2,900,614
81$5,404,859$537,789$55,295$3,116,206
82$5,893,327$501,313$0$3,352,849
83$6,429,639$461,071$0$3,613,220
84$7,018,615$416,815$0$3,904,318
85$7,665,560$368,286$0$4,224,107
86$8,376,321$315,206$0$4,575,551
87$9,157,339$257,285$0$4,961,923
88$10,015,711$194,215$0$5,386,835
89$10,959,252$125,670$0$5,854,270
90$11,996,576$51,308$0$6,368,627
91$13,137,170$0$0$6,934,757
92$14,391,489$0$0$7,572,167
93$15,771,050$0$0$8,300,628
94$17,288,542$0$0$9,102,009
95$18,957,947$0$0$9,983,705
96$20,794,669$0$0$10,953,863
97$22,815,682$0$0$12,021,459
98$25,039,687$0$0$13,196,384
99$27,487,289$0$0$14,489,537
100$30,181,194$0$0$15,912,925