Can I retire at age 55 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$56,484$55,981$55,490$55,011$54,543$52,882
2 years$27,962$27,442$26,937$26,448$25,973$24,314
3 years$18,456$17,933$17,430$16,945$16,478$14,873
4 years$13,704$13,183$12,685$12,208$11,752$10,213
5 years$10,854$10,336$9,844$9,377$8,934$7,465
6 years$8,954$8,440$7,955$7,499$7,069$5,672
7 years$7,598$7,088$6,611$6,165$5,749$4,423
8 years$6,581$6,075$5,606$5,172$4,769$3,514
9 years$5,790$5,290$4,829$4,405$4,017$2,831
10 years$5,158$4,663$4,210$3,797$3,422$2,304
11 years$4,642$4,151$3,706$3,305$2,943$1,891
12 years$4,211$3,726$3,289$2,899$2,551$1,562
13 years$3,848$3,367$2,939$2,559$2,224$1,297
14 years$3,536$3,060$2,640$2,272$1,950$1,081
15 years$3,266$2,796$2,384$2,026$1,717$904
16 years$3,030$2,565$2,161$1,814$1,517$758
17 years$2,823$2,362$1,967$1,630$1,345$638
18 years$2,638$2,183$1,795$1,469$1,196$537
19 years$2,473$2,023$1,644$1,327$1,066$453
20 years$2,325$1,880$1,508$1,202$952$383
21 years$2,191$1,751$1,388$1,091$852$324
22 years$2,069$1,635$1,279$992$764$274
23 years$1,958$1,529$1,181$903$686$232
24 years$1,857$1,432$1,092$824$616$197
25 years$1,763$1,344$1,011$752$555$167
26 years$1,678$1,263$938$688$500$142
27 years$1,598$1,189$871$630$450$120
28 years$1,524$1,120$810$577$406$102
29 years$1,456$1,057$754$529$367$87
30 years$1,392$998$702$486$332$74
31 years$1,333$944$654$446$300$63
32 years$1,277$893$611$410$271$53
33 years$1,225$846$570$377$245$45
34 years$1,176$801$533$347$222$39
35 years$1,130$760$498$319$201$33
36 years$1,086$721$466$294$182$28
37 years$1,045$685$436$271$165$24
38 years$1,007$651$408$250$150$20
39 years$970$619$383$230$136$17
40 years$935$589$359$212$123$15
41 years$902$561$336$196$112$12
42 years$871$534$315$181$101$11
43 years$841$509$296$167$92$9
44 years$813$485$278$154$84$8
45 years$786$463$261$142$76$7
46 years$760$441$245$131$69$6
47 years$735$421$230$121$63$5
48 years$712$402$216$112$57$4
49 years$689$384$203$104$52$3
50 years$668$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $684,000, adding $5,869 every year, while hoping to spend $22,285 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: 51/38/11 Blend
54$684,000$684,000$684,000$684,000
55$759,822$723,570$712,968$796,068
56$813,613$735,314$713,141$833,213
57$872,143$746,886$712,573$870,712
58$935,873$758,255$711,216$910,965
59$1,005,309$769,387$709,019$954,236
60$1,081,008$780,244$705,928$1,000,817
61$1,163,583$790,787$701,889$1,051,032
62$1,253,707$800,975$696,841$1,105,237
63$1,352,125$810,763$690,725$1,163,823
64$1,459,654$820,102$683,476$1,227,223
65$1,577,193$828,942$675,027$1,295,917
66$1,705,734$837,227$665,308$1,370,431
67$1,846,368$844,900$654,244$1,451,346
68$2,000,295$851,898$641,760$1,539,305
69$2,168,840$858,156$627,773$1,635,015
70$2,353,458$863,602$612,200$1,739,258
71$2,555,755$868,162$594,953$1,852,896
72$2,777,496$871,756$575,938$1,976,878
73$3,020,628$874,300$555,060$2,112,255
74$3,287,295$875,703$532,216$2,260,183
75$3,579,856$875,869$507,302$2,421,939
76$3,900,911$874,697$480,207$2,598,931
77$4,253,326$872,079$450,816$2,792,714
78$4,640,254$867,900$419,007$3,004,999
79$5,065,171$862,038$384,655$3,237,679
80$5,531,906$854,365$347,628$3,492,839
81$6,044,675$844,744$307,789$3,772,778
82$6,608,125$833,030$264,993$4,080,034
83$7,227,374$819,068$219,090$4,417,405
84$7,908,061$802,697$169,925$4,787,977
85$8,656,398$783,744$117,332$5,195,156
86$9,479,229$762,026$61,141$5,642,695
87$10,384,096$737,351$1,174$6,134,735
88$11,379,305$709,512$0$6,675,843
89$12,474,010$678,295$0$7,278,428
90$13,678,297$643,469$0$7,941,297
91$15,003,278$604,793$0$8,670,462
92$16,461,195$562,010$0$9,472,699
93$18,065,538$514,850$0$10,355,483
94$19,831,171$463,026$0$11,327,054
95$21,774,472$406,236$0$12,396,494
96$23,913,486$344,159$0$13,573,819
97$26,268,096$276,458$0$14,870,069
98$28,860,214$202,776$0$16,297,414
99$31,713,979$122,736$0$17,869,274
100$34,855,994$35,939$0$19,600,439