Can I retire at age 55 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$56,567$56,063$55,571$55,091$54,623$53,740
2 years$28,003$27,482$26,976$26,486$26,011$25,124
3 years$18,483$17,960$17,455$16,970$16,502$15,639
4 years$13,724$13,202$12,703$12,226$11,770$10,936
5 years$10,870$10,351$9,858$9,391$8,947$8,146
6 years$8,967$8,452$7,967$7,510$7,080$6,312
7 years$7,609$7,098$6,620$6,174$5,758$5,024
8 years$6,591$6,084$5,615$5,179$4,776$4,076
9 years$5,799$5,298$4,836$4,412$4,022$3,355
10 years$5,166$4,670$4,216$3,803$3,427$2,793
11 years$4,649$4,157$3,712$3,310$2,948$2,345
12 years$4,218$3,731$3,294$2,903$2,554$1,983
13 years$3,853$3,372$2,943$2,563$2,227$1,686
14 years$3,541$3,065$2,644$2,275$1,953$1,441
15 years$3,271$2,800$2,387$2,029$1,719$1,236
16 years$3,035$2,569$2,165$1,817$1,519$1,064
17 years$2,827$2,366$1,970$1,632$1,347$918
18 years$2,642$2,186$1,798$1,471$1,198$794
19 years$2,477$2,026$1,646$1,329$1,068$688
20 years$2,328$1,883$1,511$1,204$954$597
21 years$2,194$1,754$1,390$1,093$853$519
22 years$2,072$1,637$1,281$993$765$452
23 years$1,961$1,531$1,182$905$687$394
24 years$1,859$1,434$1,094$825$617$344
25 years$1,766$1,346$1,013$754$555$300
26 years$1,680$1,265$939$689$500$262
27 years$1,600$1,191$872$631$451$229
28 years$1,527$1,122$811$578$407$201
29 years$1,458$1,058$755$530$368$175
30 years$1,394$1,000$703$486$332$154
31 years$1,335$945$655$447$300$135
32 years$1,279$894$611$410$272$118
33 years$1,227$847$571$377$246$103
34 years$1,178$803$533$347$223$91
35 years$1,131$761$499$320$202$79
36 years$1,088$722$467$294$183$70
37 years$1,047$686$437$271$166$61
38 years$1,008$652$409$250$150$54
39 years$971$620$383$231$136$47
40 years$937$590$359$213$123$41
41 years$903$562$337$196$112$36
42 years$872$535$316$181$102$32
43 years$842$510$296$167$92$28
44 years$814$486$278$154$84$24
45 years$787$463$261$143$76$21
46 years$761$442$245$132$69$19
47 years$736$422$230$122$63$17
48 years$713$403$217$112$57$14
49 years$690$384$204$104$52$13
50 years$669$367$191$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $685,000, adding $6,200 every year, while hoping to spend $48,849 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: 34/38/28 Blend
54$685,000$685,000$685,000$685,000
55$761,265$724,960$714,343$780,530
56$786,939$708,508$686,298$779,135
57$813,595$689,613$655,677$772,832
58$841,281$668,103$622,341$765,090
59$870,049$643,797$586,147$755,815
60$899,954$616,504$546,943$744,908
61$931,056$586,019$504,572$732,264
62$963,418$552,129$458,870$717,775
63$997,110$514,606$409,666$701,326
64$1,032,204$473,211$356,778$682,797
65$1,068,779$427,688$300,020$662,062
66$1,106,920$377,771$239,197$638,989
67$1,146,720$323,175$174,104$613,442
68$1,188,276$263,602$104,527$585,275
69$1,231,696$198,733$30,244$554,338
70$1,277,094$128,237$0$520,475
71$1,324,595$51,758$0$498,169
72$1,374,334$0$0$483,195
73$1,426,458$0$0$479,400
74$1,481,124$0$0$498,148
75$1,538,505$0$0$517,859
76$1,598,788$0$0$538,600
77$1,662,175$0$0$560,446
78$1,728,888$0$0$583,478
79$1,799,166$0$0$607,785
80$1,873,271$0$0$633,461
81$1,951,488$0$0$660,612
82$2,034,129$0$0$689,353
83$2,121,532$0$0$719,809
84$2,214,068$0$0$752,115
85$2,312,141$0$0$786,421
86$2,416,193$0$0$822,890
87$2,526,707$0$0$861,702
88$2,644,211$0$0$903,051
89$2,769,284$0$0$947,151
90$2,902,558$0$0$994,237
91$3,044,726$0$0$1,044,566
92$3,196,548$0$0$1,098,419
93$3,358,856$0$0$1,156,106
94$3,532,561$0$0$1,217,964
95$3,718,664$0$0$1,284,367
96$3,918,261$0$0$1,355,720
97$4,132,556$0$0$1,432,472
98$4,362,871$0$0$1,515,115
99$4,610,655$0$0$1,604,189
100$4,877,500$0$0$1,700,285