Can I retire at age 55 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$56,980$56,472$55,977$55,494$55,022$53,239
2 years$28,208$27,682$27,173$26,680$26,201$24,422
3 years$18,618$18,091$17,583$17,094$16,623$14,903
4 years$13,825$13,299$12,796$12,315$11,856$10,208
5 years$10,949$10,426$9,930$9,459$9,012$7,442
6 years$9,033$8,514$8,025$7,565$7,131$5,639
7 years$7,664$7,150$6,669$6,219$5,800$4,385
8 years$6,639$6,129$5,656$5,217$4,811$3,474
9 years$5,841$5,336$4,871$4,444$4,052$2,789
10 years$5,204$4,704$4,247$3,831$3,452$2,263
11 years$4,682$4,187$3,739$3,334$2,969$1,851
12 years$4,248$3,758$3,318$2,924$2,573$1,524
13 years$3,881$3,396$2,965$2,582$2,244$1,261
14 years$3,567$3,087$2,664$2,292$1,967$1,048
15 years$3,295$2,820$2,405$2,044$1,732$873
16 years$3,057$2,588$2,180$1,830$1,531$730
17 years$2,847$2,383$1,984$1,644$1,357$611
18 years$2,661$2,202$1,811$1,482$1,207$513
19 years$2,495$2,041$1,658$1,339$1,075$431
20 years$2,345$1,896$1,522$1,213$961$363
21 years$2,210$1,766$1,400$1,101$860$306
22 years$2,087$1,649$1,290$1,001$771$258
23 years$1,975$1,542$1,191$911$692$218
24 years$1,873$1,445$1,102$831$622$184
25 years$1,779$1,356$1,020$759$559$155
26 years$1,692$1,274$946$694$504$131
27 years$1,612$1,199$879$635$454$111
28 years$1,538$1,130$817$582$410$94
29 years$1,469$1,066$760$534$370$80
30 years$1,405$1,007$708$490$334$67
31 years$1,345$952$660$450$302$57
32 years$1,288$901$616$413$274$48
33 years$1,236$853$575$380$248$41
34 years$1,186$808$537$350$224$35
35 years$1,140$767$502$322$203$29
36 years$1,096$728$470$297$184$25
37 years$1,055$691$440$273$167$21
38 years$1,015$657$412$252$151$18
39 years$978$625$386$232$137$15
40 years$943$594$362$214$124$13
41 years$910$566$339$198$113$11
42 years$878$539$318$182$102$9
43 years$848$513$299$168$93$8
44 years$820$489$280$155$84$7
45 years$793$467$263$144$77$6
46 years$767$445$247$133$69$5
47 years$742$425$232$123$63$4
48 years$718$406$218$113$57$3
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $690,000, adding $4,616 every year, while hoping to spend $21,210 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: 56/19/25 Blend
54$690,000$690,000$690,000$690,000
55$765,141$728,571$717,876$802,521
56$820,619$741,704$719,358$841,801
57$881,043$754,769$720,178$881,960
58$946,899$767,742$720,293$925,270
59$1,018,714$780,593$719,655$972,043
60$1,097,075$793,294$718,215$1,022,619
61$1,182,624$805,813$715,923$1,077,376
62$1,276,069$818,115$712,724$1,136,730
63$1,378,189$830,164$708,561$1,201,140
64$1,489,842$841,920$703,375$1,271,112
65$1,611,973$853,340$697,105$1,347,206
66$1,745,621$864,381$689,685$1,430,036
67$1,891,932$874,993$681,047$1,520,284
68$2,052,166$885,125$671,119$1,618,697
69$2,227,713$894,723$659,828$1,726,103
70$2,420,103$903,726$647,095$1,843,415
71$2,631,018$912,074$632,838$1,971,637
72$2,862,315$919,699$616,971$2,111,880
73$3,116,037$926,529$599,405$2,265,366
74$3,394,433$932,490$580,046$2,433,447
75$3,699,984$937,501$558,796$2,617,610
76$4,035,420$941,476$535,553$2,819,496
77$4,403,748$944,324$510,209$3,040,918
78$4,808,283$945,948$482,653$3,283,870
79$5,252,673$946,245$452,768$3,550,555
80$5,740,940$945,105$420,430$3,843,400
81$6,277,515$942,414$385,513$4,165,085
82$6,867,276$938,047$347,883$4,518,561
83$7,515,601$931,874$307,400$4,907,084
84$8,228,413$923,756$263,918$5,334,245
85$9,012,237$913,547$217,285$5,804,002
86$9,874,264$901,090$167,343$6,320,720
87$10,822,416$886,219$113,926$6,889,212
88$11,865,419$868,761$56,860$7,514,786
89$13,012,891$848,530$0$8,203,291
90$14,275,428$825,329$0$8,962,257
91$15,664,702$798,951$0$9,813,974
92$17,193,577$769,175$0$10,751,152
93$18,876,227$735,770$0$11,782,492
94$20,728,267$698,488$0$12,917,582
95$22,766,906$657,069$0$14,166,987
96$25,011,102$611,237$0$15,542,354
97$27,481,749$560,703$0$17,056,516
98$30,201,867$505,156$0$18,723,619
99$33,196,822$444,273$0$20,559,250
100$36,494,564$377,709$0$22,580,591