Can I retire at age 55 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$56,649$56,145$55,652$55,172$54,703$54,358
2 years$28,044$27,522$27,016$26,525$26,049$25,701
3 years$18,510$17,986$17,481$16,995$16,526$16,186
4 years$13,744$13,222$12,722$12,244$11,787$11,457
5 years$10,886$10,366$9,873$9,404$8,960$8,642
6 years$8,980$8,464$7,978$7,521$7,090$6,783
7 years$7,620$7,108$6,630$6,183$5,766$5,471
8 years$6,600$6,093$5,623$5,187$4,783$4,501
9 years$5,807$5,305$4,843$4,418$4,028$3,758
10 years$5,174$4,676$4,222$3,808$3,432$3,173
11 years$4,655$4,163$3,717$3,315$2,952$2,704
12 years$4,224$3,737$3,299$2,907$2,558$2,322
13 years$3,859$3,377$2,947$2,567$2,231$2,006
14 years$3,546$3,069$2,648$2,278$1,955$1,741
15 years$3,276$2,804$2,391$2,032$1,722$1,518
16 years$3,039$2,573$2,168$1,819$1,522$1,328
17 years$2,831$2,369$1,973$1,635$1,349$1,166
18 years$2,646$2,189$1,801$1,473$1,200$1,026
19 years$2,480$2,029$1,648$1,331$1,069$905
20 years$2,331$1,885$1,513$1,206$955$799
21 years$2,197$1,756$1,392$1,094$855$708
22 years$2,075$1,639$1,283$995$766$627
23 years$1,964$1,533$1,184$906$688$557
24 years$1,862$1,437$1,095$826$618$495
25 years$1,769$1,348$1,014$755$556$440
26 years$1,682$1,267$941$690$501$392
27 years$1,603$1,192$874$632$452$349
28 years$1,529$1,124$812$579$408$311
29 years$1,460$1,060$756$531$368$278
30 years$1,396$1,001$704$487$333$248
31 years$1,337$946$656$447$301$222
32 years$1,281$895$612$411$272$198
33 years$1,229$848$572$378$246$177
34 years$1,179$804$534$348$223$158
35 years$1,133$762$499$320$202$142
36 years$1,090$724$467$295$183$127
37 years$1,048$687$437$272$166$113
38 years$1,010$653$409$250$150$102
39 years$973$621$384$231$136$91
40 years$938$591$360$213$124$81
41 years$905$562$337$196$112$73
42 years$873$536$316$181$102$65
43 years$844$510$297$167$92$59
44 years$815$486$279$155$84$52
45 years$788$464$262$143$76$47
46 years$762$443$246$132$69$42
47 years$737$422$231$122$63$38
48 years$714$403$217$113$57$34
49 years$691$385$204$104$52$30
50 years$670$368$192$96$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $686,000, adding $4,122 every year, while hoping to spend $23,703 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: 37/49/14 Blend
54$686,000$686,000$686,000$686,000
55$760,224$723,866$713,233$784,963
56$812,547$734,115$711,906$813,332
57$869,412$744,073$709,741$841,376
58$931,259$753,699$706,684$871,153
59$998,568$762,951$702,679$902,830
60$1,071,871$771,785$697,667$936,592
61$1,151,752$780,152$691,589$972,644
62$1,238,853$788,002$684,380$1,011,212
63$1,333,881$795,279$675,971$1,052,546
64$1,437,615$801,926$666,295$1,096,925
65$1,550,912$807,880$655,276$1,144,654
66$1,674,715$813,076$642,837$1,196,075
67$1,810,062$817,444$628,899$1,251,561
68$1,958,098$820,907$613,376$1,311,530
69$2,120,080$823,388$596,181$1,376,441
70$2,297,396$824,802$577,220$1,446,802
71$2,491,572$825,059$556,399$1,523,175
72$2,704,289$824,063$533,614$1,606,184
73$2,937,397$821,713$508,762$1,696,515
74$3,192,937$817,903$481,731$1,794,928
75$3,473,154$812,517$452,406$1,902,265
76$3,780,521$805,435$420,666$2,019,453
77$4,117,762$796,529$386,386$2,147,520
78$4,487,877$785,664$349,434$2,287,601
79$4,894,173$772,693$309,673$2,440,948
80$5,340,290$757,467$266,958$2,608,949
81$5,830,239$739,821$221,140$2,793,132
82$6,368,437$719,586$172,062$2,995,190
83$6,959,752$696,581$119,561$3,216,989
84$7,609,546$670,612$63,465$3,460,594
85$8,323,726$641,478$3,597$3,728,281
86$9,108,799$608,964$0$4,022,569
87$9,971,935$572,842$0$4,355,242
88$10,921,034$532,872$0$4,721,520
89$11,964,797$488,801$0$5,124,283
90$13,112,813$440,360$0$5,567,303
91$14,375,647$387,264$0$6,054,741
92$15,764,938$329,214$0$6,591,188
93$17,293,510$265,894$0$7,181,711
94$18,975,493$196,969$0$7,831,898
95$20,826,457$122,084$0$8,547,917
96$22,863,557$40,867$0$9,336,570
97$25,105,694$0$0$10,205,360
98$27,573,696$0$0$11,187,950
99$30,290,512$0$0$12,293,973
100$33,281,428$0$0$13,511,704